Topic: "Cryptocurrency is inevitable" says Indian Parliament member Dr. Swami (Read 353 times)
December 26, 2019, 09:47:52 AM
This is another merit of a great country like India. Everyone who has access to the Internet can use cryptocurrency today. It is his business whether or not to engage in cryptocurrency in the future.
December 17, 2019, 10:07:24 AM
We need more politicians like Swamy, he is the front runner in the parliament as I have seen and may influence the government in taking back its stand against crypto usage. Also Supreme Court should hear the arguments as soon as possible to resolve the bank transactions ban. We really need more supporters within the governments.
December 17, 2019, 09:54:40 AM
I know the Indian government know about the reality of Cryptocurrency, but since they can't control it like they do with their national currency, they are buying time to study it more, it's a necessary evil for any nation that want to advance their financial institution. We just can't continue to rely on the old ways., technology has come to change the way life is been defined.
Governments of other countries are also suspicious of crypto, but you noticed right-technology will still win.
December 17, 2019, 09:52:39 AM
We don't know how much his knowledge to crypto can influence the whole panel to also create their own digital currency though. The reason perhaps that he suddenly said this is because he saw China, France and Germany are up to cryptocurrency and their digital fiat. Cryptocurrency is inevitable! Its true. Its here to stay.
Its a news to crypto I guess is because Dr. Swami is known to refute what he says today might be another the next day.
Its what they are doing these days, its not surprising anymore that more and more countries soon will also launch digital fiat. With China on the lead of this, countries will see the benefit of re-aligning to progressive economic leader.
What could be beneficial for now might just be a disadvantage to another aspect though. This blockchain can become a big database for all to see and you may not be able to hide anything if a wallet is associated to you.
December 17, 2019, 03:35:52 AM
India is one of the key factors in the current world both political and economic aspect, they have a big population size within the country and outside the country, You can find out an Indian every corner of this globe, they are very eligible to do anything, Like China, they can take a step regarding the cryptocurrency system, so if they are serious about cryptocurrency then people of India will get benefitted by this revolution, I am sure cryptocurrency will help them to make more affluent and efficient because every new invention is fruitful for this generation.
December 17, 2019, 02:44:57 AM
I know the Indian government know about the reality of Cryptocurrency, but since they can't control it like they do with their national currency, they are buying time to study it more, it's a necessary evil for any nation that want to advance their financial institution. We just can't continue to rely on the old ways., technology has come to change the way life is been defined.
December 17, 2019, 02:19:34 AM
These lawmakers and government personalities are looking into cryptocurrencies, because it is certainly inevitable. We are at the point where transition from paper money to digital currency is becoming widespread, as technological advancements has made its way in most parts of the world, the need for such step is evident. And given the fact that cryptocurrency has already existed for years, now might be the right time for it to be given attention to.
December 16, 2019, 11:52:15 PM
Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where issues surrounding cryptocurrency in the country will be discussed.
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Exactly, this man true understand how the entire financial world is transforming .... Considering the rate at which the world is advancing in terms of technology and artificial intelligence, the use of digital currencies is something which is definitely inevitable. It is about time the entire world accept and adopt the use of cryptocurrencies since they are the new revolution of physical fiats. People need to just understand what cryptocurrencies are and the benefits they will introduce to the financial ecosystem and mainstream transactions among people.
December 16, 2019, 08:25:24 PM
He sees how great cryptocurrency will be a help to Indian community. If it goes well, their is a high chance that their country will grow with the help of bitcoin. Though it is not as easy as we thought because there are numerous things that we have to considered. But I do hope Dr. Swami will convinced the UN's Indias headquarters as he has a positive goal helping the country.
Quote from: Dr. Swami
I advocate that India as an established super power in software should accept to make the transition to cryptocurrency
December 16, 2019, 07:30:41 PM
Many of the world's most powerful and influential people have concluded that the cryptocurrency trend is unstoppable, because their Blockchain technology is safe, transparent, has lower costs and is more inclusive.
December 16, 2019, 06:58:19 PM
We don't know how much his knowledge to crypto can influence the whole panel to also create their own digital currency though. The reason perhaps that he suddenly said this is because he saw China, France and Germany are up to cryptocurrency and their digital fiat. Cryptocurrency is inevitable! Its true. Its here to stay.
Its a news to crypto I guess is because Dr. Swami is known to refute what he says today might be another the next day.
December 16, 2019, 02:19:08 PM
We don't know how much his knowledge to crypto can influence the whole panel to also create their own digital currency though. The reason perhaps that he suddenly said this is because he saw China, France and Germany are up to cryptocurrency and their digital fiat. Cryptocurrency is inevitable! Its true. Its here to stay.
Its a news to crypto I guess is because Dr. Swami is known to refute what he says today might be another the next day.
December 16, 2019, 02:01:15 PM
I have no idea what they really want finally. India is poor country and bitcoin for that poor country means a lot because some people may trade, some may hold, some may do some job in exchange of bitcoin and etc, all they are doing is killing of possible investment options for random citizens and this way killing another hope/way of earning money. It's best to catch innovations and motivate on it to gain as much profit as possible, it would be better if they invested some money in creating of bitcoin miners or at least starting of conversations with giant mining companies to invest in their country. Blockchain technologies are also great things but idk what's their plan.
December 16, 2019, 01:33:15 PM
The definition of cryptocurrencies with the government differs from that of ordinary individuals. They want a stable central digital currency or they can control it.
Therefore, the focus will be on the representation of paper money digitally with the addition of the blockchain feature and not the purchase of digital assets like Bitcoin.
India is part of the G20, which has open views on these currencies.
Also, do not forget that India wants to get rid of the heavy link with the dollar.
According to a recent study, about 70 percent of all states intend to issue their national stable coins. In particular, the Central Bank of India, the Reserve Bank, announced such an intention. Therefore, India will gradually switch to the use of cryptocurrency. Even if at first it will be its own stable coin. Therefore, the focus will be on the representation of paper money digitally with the addition of the blockchain feature and not the purchase of digital assets like Bitcoin.
India is part of the G20, which has open views on these currencies.
Also, do not forget that India wants to get rid of the heavy link with the dollar.
December 16, 2019, 01:13:36 PM
Exactly. There is no point in fighting it you will never win so just embrace it. It's like any form of prohibition in the past never ever works and such is the same for crypto. Banning stuff never works it just upsets people and creates conflict. Im glad India is finally taking heed and ended this silly nonsense about banning something which is harmless. Taking peoples freedom is never a good thing. So good that India is making sense of things now and not fighting it.
December 16, 2019, 10:38:35 AM
Doc's right. Cryptocurrencies will conquer the world and most likely it will happen in 10-12 years.
December 16, 2019, 10:25:37 AM
Inevitable it is. Its really happening and its not a dream but a very fabulous reality. It like existed from nowhere and now everyone is opt into it. Different people from different places of the world have different take on it. For me, its now or never. If you haven't use or earn it now, you can never have it the soonest time.
the development of crypto at this time is quite large as well so maybe the rejection that is happening right now could become legal in the future, we really cannot reject blockchain and bitcoin technology because there are quite a lot of technological developments in the world today December 16, 2019, 10:18:14 AM
Inevitable it is. Its really happening and its not a dream but a very fabulous reality. It like existed from nowhere and now everyone is opt into it. Different people from different places of the world have different take on it. For me, its now or never. If you haven't use or earn it now, you can never have it the soonest time.
December 16, 2019, 07:31:54 AM
the development of the era plus the technology is very developed, so I think the presence of crypto is inevitable. it is better for thinkers in this world to find a way to adopt it, because so far crypto has been enough to help many people in the world, especially for transactions and economic problems
December 16, 2019, 07:08:51 AM
Cryptocurrency is already changing the world and will continue to do so. it as a tool of commerce is still in it's infancy, but every day seems to bring new innovations that will enable the inevitable change. like many disruptive technologies before it, the change and full acceptance will take time. But it is happening right now. Wall Street and many governments are going to ignore Bitcoin until it is to late for them to act. they are too slow to react the the new winds of change.
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