Bitcoin In India Under attack :- global community please help - page 3.

btctraderr

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Quote from: nodroids on December 28, 2013, 12:02:02 AM

And this is another badge of honor for Bitcoin. A central bank comes after us, check, we are now officially legitimate. Where do I send my donations for the Indian defense fund?

Yep I'll donate to a Defence fund. DDOS, education campaign, whatever. We need to free the world from this government oppression.

nodroids

newbie

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Merit: 0

And this is another badge of honor for Bitcoin. A central bank comes after us, check, we are now officially legitimate. Where do I send my donations for the Indian defense fund?

nodroids

newbie

Activity: 42

Merit: 0

My one caveat to all my friends and family is "price is headed to $5,000 in 2014 UNLESS they start arresting people for ever having traded it". This appears to be people being arrested for having traded bitcoin. SO?!!

This is clearly the Central Bank of India orchestrating this policy of arrests... 3 days isn't enough time for police to actually get their sh$t together, especially not in India. So this was planned ahead of time, meaning that the global banking cartel is using India as a test case?

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: undeadbitcoiner on December 27, 2013, 05:14:37 PM

Quote from: HairyMaclairy on December 27, 2013, 02:56:18 AM

Wikipedia says that under FEMA any foreign exchange activity is illegal unless expressly permitted. This is a very unusual and harsh law by English law standards (which India follows because it used to be an English colony).

http://en.m.wikipedia.org/wiki/Foreign_Exchange_Management_Act

Looks like bitcoin will stay strictly black market in India for the foreseeable future.

Not was its still under English Colony (Politically and Living under donationation)
The fact is Indian ED officer himself dont know what actually bitcoin is,
RBI also dont know what bitcoin is and what is its purpose,
They are thinking about ML but they are not thinking if there will be no any ligit then it will appear as ML if they will open ligal option then they could track the transaction and all will be under AML rules.
This step will be harmfull for Indian givernment itself.

This is the main problem we are facing.
The india bitcoin community got together today. and decided the first step is to release a press release, so that the authorities can meet with a delegation and they can explain what bitcoins are and how it can be uses.
In the past every time people from india tried to meet the Authorities they have always stonewalled them and never have they once met any member of the bitcoin community to talk or even a dialogue with us.

undeadbitcoiner

sr. member

Activity: 910

Merit: 273

Undeadbitcoiner Will not DIE until 1BTC=50K

Quote from: HairyMaclairy on December 27, 2013, 02:56:18 AM

Wikipedia says that under FEMA any foreign exchange activity is illegal unless expressly permitted. This is a very unusual and harsh law by English law standards (which India follows because it used to be an English colony).

http://en.m.wikipedia.org/wiki/Foreign_Exchange_Management_Act

Looks like bitcoin will stay strictly black market in India for the foreseeable future.

Not was its still under English Colony (Politically and Living under donationation)
The fact is Indian ED officer himself dont know what actually bitcoin is,
RBI also dont know what bitcoin is and what is its purpose,
They are thinking about ML but they are not thinking if there will be no any ligit then it will appear as ML if they will open ligal option then they could track the transaction and all will be under AML rules.
This step will be harmfull for Indian givernment itself.

BlackShadowX1

member

Activity: 70

Merit: 10

Quote from: Phinnaeus Gage on December 27, 2013, 04:48:56 PM

Quote from: BlackShadowX1 on December 27, 2013, 03:02:49 PM

India should have there very own resistance coin, called "The Gandhicoin" with Gandhi face on it.

Here's an image for inspiration.

cr1776

legendary

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Merit: 1313

The control-freak authoritarians the world over have one goal in mind - control everyone else for their own power. All the while claiming it is for their own good.

Phinnaeus Gage

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Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: BlackShadowX1 on December 27, 2013, 03:02:49 PM

India should have there very own resistance coin, called "The Gandhicoin" with Gandhi face on it.

Here's an image for inspiration.

BlackShadowX1

member

Activity: 70

Merit: 10

India should have there very own resistance coin, called "The Gandhicoin" with Gandhi face on it.

pa

hero member

Activity: 528

Merit: 501

Gandhi led his followers to make their own sea salt when the British imposed a salt tax. Satoshi led his followers to make their own sound money when the Banksters imposed Quantitative Easing, a hidden tax on money.

dc0ded

newbie

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Merit: 0

Quote from: Peter R on December 27, 2013, 03:39:11 AM

Quote from: subvolatil on December 27, 2013, 03:11:25 AM

Quote from: QuestionAuthority on December 27, 2013, 03:06:59 AM

I'm not sure what you think the global Bitcoin community can do about government oppression. If I had the power to stop any kind of global oppression I doubt India would be the country that I start with.

I dont know but a few ideas would help alot.

Are the authorities actually raiding bitcoin exchanges, like the OP mentioned? If the raids are violent and someone can get good photographic evidence (especially with a bitcoin logo in situ), then perhaps it would get some western media attention. The people of the world will side with those whose freedoms are oppressed.

No I don't think the raids are violent. They raided the offices to collect evidences and took the owners of a big manual exchange in custody for questioning. He may be arrested if proofs of any illegal activity like money laundering are found against him.

Financial regulations for small businesses in India are getting tougher everyday. Its a very dark zone and its difficult to understand what is legal and what is illegal. As the laws are not clear and well defined the authorities and governments misuse them multiple times.

I don't think pressure from international media will help Indian bitcoin users. I think lots of PIL(Public Interest Litigation) cases against the government on bitcoin issue may help. If there is a court order in support of bitcoin users then the authorities can do nothing.

gortonc

newbie

Activity: 35

Merit: 0

Seems that gold smuggling is big business in India: http://www.philly.com/philly/business/20131227_ap_0de6e3846a724796bdfda985c331de84.html
Hmm... I wonder which is easier smuggling gold or transferring bitcoins.

I would humbly suggest that educating the populace is Bitcoin's only hope in India and much of the world. Well, that and the courage of an educated populace to act. As a previous poster noted, yes you can see what they did to Gandhi--but he still won through his sacrifice. "First they ignore me, then they ridicule me, then they attack me, then I win."

Given the danger Bitcoin represents to tyrannical systems, we should not be surprised that they ignore the first and jump to the following three simultaneously. The US FED seems committed to step one for the time being, but we should be prepared for the other steps if attempts to label coins and/or transactions fail. It is probably not a good idea to purchase all you coins from the likes of Coinbase.

Also noted previously, localbitcoins really should be the first line of both defence and ~~attack~~ transformation

LiteCoinGuy

legendary

Activity: 1148

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In Satoshi I Trust

Quote from: HairyMaclairy on December 27, 2013, 01:25:38 AM

Sad but not unexpected.

India has strong capital controls to try to stem flight.

http://www.economist.com/blogs/freeexchange/2013/08/capital-controls-india

We should expect strong resistance from corrupt regimes everywhere. But this is Bitcoins mission in action - providing modern financial tools to the other 6 billion people on the planet.

I expect zero coin will to be a key weapon in fighting corrupt regimes.

Zerocoin could be a way yes.

maybe the next wave of more professional exchanges will rise in india with more compliance.

Peter R

legendary

Activity: 1162

Merit: 1007

Maybe this India Bitcoin Crackdown story will get some legs:

http://www.zerohedge.com/news/2013-12-27/indian-bitcoin-exchanges-halted-government-shifts-capital-control-attention-away-gol

QuestionAuthority

legendary

Activity: 2156

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You lead and I'll watch you walk away.

Quote from: marcus_of_augustus on December 27, 2013, 05:45:13 AM

A DDOS attack on any agencies involved with the crackdown would not be unexpected at this point ... just saying.

Don't take such shit lying down ... if you welcome the scum with resistance they think twice next time.

You do know where Gandhi is from and what they did to him, don't you?

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: marcus_of_augustus on December 27, 2013, 05:45:13 AM

A DDOS attack on any agencies involved with the crackdown would not be unexpected at this point ... just saying.

Don't take such shit lying down ... if you welcome the scum with resistance they think twice next time.

That is very interesting marcus_of_augustus. I wonder if there's a way we could crowd-source funding for defensive manoeuvres in cyberspace to help those being unreasonably attacked.

bryant.coleman

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A new government will be elected after the April 2014 elections and in all probability the current Reserve Bank governor will be thrown out of power immediately after that. So I urge all Indian Bitcoiners to wait for 4 months. Don't do anything drastic.

BTCisthefuture

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Activity: 364

Merit: 250

hopefully the government in india helps create some guidance that allows exchanges to still operate. sounds like as of right now a lot of exchanges in india are voluntarily shutting down. hopefully this a temporary thing.

http://www.coindesk.com/indian-bitcoin-exchanges-suspend-operations-following-rbi-warning/

marcus_of_augustus

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Eadem mutata resurgo

A DDOS attack on any agencies involved with the crackdown would not be unexpected at this point ... just saying.

Don't take such shit lying down ... if you welcome the scum with resistance they think twice next time.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Elwar on December 27, 2013, 03:57:51 AM

So the bank of India has the power to arrest people?

The current government of India is one of the most corrupt in the entire world, and the RBI governor (Raghuram Rajan) is very close to the ruling party. Yesterday, they just launched a criminal investigation on flimsy grounds against the opposition leader. If the opposition leader himself is not safe, then what will be the condition of the common people?

Topic: Bitcoin In India Under attack :- global community please help - page 3. (Read 6905 times)