can you cut this kind of bull shit?
if all these were true i mean even half, btc is close to world currency.
but what is it now? 270$ a piece
Topic: Governor of the central bank of India is speaking positively on Bitcoin (Read 2424 times)
January 04, 2015, 04:28:09 PM
January 04, 2015, 09:11:38 AM
This topic led to this article => http://www.coindesk.com/indias-central-bank-one-day-use-digital-currency-chief-says/ 
Coindesk always create a hype by interpreting such comments in a deliberately far-stretched way. I have seen them making big news out of usual comments from government financial bodies of different countries.
Basically they want to draw as much attention of people as possible by creating BREAKING news out of thin air.
You have to be very careful and read the original statements of those bodies in order to get correct interpretation.
You're right. Coindesk isn't exactly the pinnacle of journalistic integrity. Sadly, I've always believed they get most of their ideas from this forum and Reddit. If it's a slow news day on BCT and Reddit they just rehash old news. We should be looking to them for the news, instead we're giving it to them.
January 04, 2015, 08:25:28 AM
This topic led to this article => http://www.coindesk.com/indias-central-bank-one-day-use-digital-currency-chief-says/
Coindesk always create a hype by interpreting such comments in a deliberately far-stretched way. I have seen them making big news out of usual comments from government financial bodies of different countries.
Basically they want to draw as much attention of people as possible by creating BREAKING news out of thin air.
You have to be very careful and read the original statements of those bodies in order to get correct interpretation.
January 04, 2015, 06:44:26 AM
This topic led to this article => http://www.coindesk.com/indias-central-bank-one-day-use-digital-currency-chief-says/
January 03, 2015, 02:29:34 AM
I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility.
Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency.
Well, I guess neutral is better than negative.
The fact that he is neutral shows that he has open mind.
Good for Bitcoin
They were never negative. They warned against the risks involved and they turned out to be correct. Anyone who ignored their warnings earlier lost a huge part of their investment.
Indian central bank is not like others. For starters, they actually take a rational view and are doing a great job in spite of constant government interference.
January 03, 2015, 02:16:33 AM
I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility.
Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency.
Well, I guess neutral is better than negative.
The fact that he is neutral shows that he has open mind.
Good for Bitcoin
January 02, 2015, 10:18:01 AM
I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility.
Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency.
Well, I guess neutral is better than negative.
January 02, 2015, 08:35:47 AM
I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility.
Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency.
January 02, 2015, 07:59:23 AM
I 100% agree with everything he says, the amount of fluctuation revolving around BTC is ridiculous, I would rather the price drop to $100 and be stable rather than $1000 and unstable.
$100 is too cheap, and at that price bitcoin will be even more volatile.
January 02, 2015, 07:17:44 AM
It's great news since india population is high 
Let's hope india & other countries won't ban bitcoin
Let's hope india & other countries won't ban bitcoin
January 02, 2015, 07:14:14 AM
India and China will both play a big part in the long term. Such huge digital markets
Going lower is only better for those of us that trade on percents instead of dollars as posted above, too
Going lower is only better for those of us that trade on percents instead of dollars as posted above, too
January 02, 2015, 12:01:31 AM
I 100% agree with everything he says, the amount of fluctuation revolving around BTC is ridiculous, I would rather the price drop to $100 and be stable rather than $1000 and unstable.
$100 is too cheap, and at that price bitcoin will be even more volatile.
January 01, 2015, 09:03:25 PM
This is really great news for the world's biggest democracy. I truly hope that indian states fully embrace crypto as the way forward
I hope but I am very skeptical. 
January 01, 2015, 08:22:59 PM
The governor is open minded about bitcoin, not quite speaking positively about It. He is more interested in credit card payment with NFC.
Even so, that's a start.
January 01, 2015, 08:14:23 PM
I thought India was super against Bitcoin. What happened?
Im not sure if anyone is against it as of now.! I'd say most of them r naive about it.!
I wouldn't say central bankers are naive. I guess governors of central banks across the world would have heard of Bitcoin and would know exactly how it works.
January 01, 2015, 05:08:45 AM
lets be realistic, bitcoin will be a rollercoaster and some countries will ban it when BTC becomes "a danger" (already happend). if this ban is successfull in a long run .... I'm in doubt about it.
http://techcrunch.com/2014/12/31/indian-government-censorsht/
http://techcrunch.com/2014/12/31/indian-government-censorsht/
The link u have mentioned is altogether different scenario. These sites were communicated to take down ISIS contents. They did not respond to the request. Then when they are blocked, they have started to respond. If internal security is compromised, action will be taken.... NORMAL.
December 31, 2014, 10:30:15 AM
People clutching at straws hoping Indians will buy up and increase prices. I remember when the Chinese bubble popped there were loads in the Speculation area who were convinced that the gullible Indians will buy up Bitcoin like crazy and make them rich. Somebody in particluar named Bitchick Husband (or something like that that) was absolutely convinced and put up bullet points explaining how India can not not buy up Bitcoins
December 31, 2014, 10:17:02 AM
lets be realistic, bitcoin will be a rollercoaster and some countries will ban it when BTC becomes "a danger" (already happend). if this ban is successfull in a long run .... I'm in doubt about it.
http://techcrunch.com/2014/12/31/indian-government-censorsht/
http://techcrunch.com/2014/12/31/indian-government-censorsht/
December 31, 2014, 08:36:58 AM
Rajan is a pragmatist and a realist. I am not surprised that he is not closed to the benefits of btc tech but this is hardly a stirring endorsement
December 31, 2014, 06:36:54 AM
This is really great news for the world's biggest democracy. I truly hope that indian states fully embrace crypto as the way forward
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