India amazes me!Indian police recovered multi million scam - page 2.

Mometaskers

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Quote from: jseverson on June 05, 2019, 03:34:28 AM

Is this what you're referring to?

https://cointelegraph.com/news/indian-police-uncover-cryptocurrency-scam-involving-bitconnect-promoter

If so, they uncovered the scam, not necessarily recovering whatever money got stolen. Good for India though I suppose.

Thanks for at least providing a link. Wouldn't be surprised that the Indian police was quick to make arrest, the government has been restricting crypto for some time.

Unfortunately the government can use this reported scam to support their narrative of crypto as a negative force.

Apaxy

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In any case, most countries of the world today are not friendly for the cryptocurrency market, and therefore it is not an exception. Nevertheless, all the same policy on the cryptocurrency of the Indian government is very twofold. Although among the population of India there are many people who use this technology with great pleasure. I think bitcointalk is a real confirmation that Indians are interested in cryptocurrency, because on the form I meet these people very much.

Harlot

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I'm with stompix on this one, I do have to disagree with you and tell you that India isn't one of the most crypto friendly countries in the world. In fact they are a complete opposite on what you are stating right now. From the RBI imposing rules on their banks to block bank deposits from crypto exchanges to go as further on limiting what cryptocurrencies can be legally traded in their country I don't think they are that friendly at all. The acts of their Indian police might be just part of extinguishing cryptocurrencies entirely in their country or might just be an accidental discovery on their part.

stompix

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Blackjack.fun

1. So it was Scandinavia and GDP

Quote from: ene1980 on June 06, 2019, 12:08:04 PM

The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that

2. After it was Scandinavia and "economic growth per capita", which btw, is not a real indicator, it's your invention.

Quote from: ene1980 on June 06, 2019, 12:08:04 PM

I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia.

3. Next we're down to Norway and GDP PPP

Quote from: ene1980 on June 06, 2019, 12:08:04 PM

So you didn't see the chart of Norway, what you are trying to prove here, you are an encyclopediaI do not care where you live and i am least bothered about it, what is so hilarious about it

So you meant Norway since the rest of the countries are below. Cheesy

And no, I'm not an encyclopedia, I just happen to **** lived there!!!!

4.

Quote

This has gone away from the initial topic, if you want to prove something, start a thread to shower your knowledge but still you did not see the chart of Norway and still face palming . I am not writing for any examination so i just clicked the Countries you mentioned above to see the graph and presented it here.

What did you want to prove? That the Scandinavian countries have a bigger impact on bitcoin that the United States?
Are you serious???

5.

Quote

Hope you are reading what i said instead of being a jackass, i was not comparing the top countries in terms of GDP, i just said it is better than US and Russia, is it so hard to understand and read simple English

No offense, but when talking about simple English you can start using I , not i, that's one of the basics in English. Grin

Vent your frustration about the United States somewhere else, but don't start with fake stuff about countries where some of us live and you have never set foot in.

Slow death

legendary

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Quote from: graylexstamit on June 05, 2019, 12:34:02 AM

The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.

India:

Report: India Considers Complete Ban on Digital Currencies

Indian Crypto Exchange Coinome Halts Services Citing Regulatory Pressure

as you can read, The government of India has not taken a favorable stance for bitcoin.

ene1980

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Quote from: stompix on June 06, 2019, 09:57:20 AM

Again triple facepalm.
The second line (blue) is the US, in your own proof the US has a bigger GDP per capita than 3 out of the 4 Scandinavian states.
You don't know how to read a graph?

So you didn't see the chart of Norway, what you are trying to prove here, you are an encyclopedia Roll Eyes

.

Quote from: stompix on June 06, 2019, 09:57:20 AM

Second, I'm not your buddy and telling ME about how life is in the Scandinavian countries is hilarious.. Grin

I do not care where you live and i am least bothered about it, what is so hilarious about it Roll Eyes

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Quote from: stompix on June 06, 2019, 09:57:20 AM

Now, that's GDP PPP per capita, it has nothing to do with what we've discussed earlier.
You try to come with indicators what have no connection with the previous just to say something.

This has gone away from the initial topic, if you want to prove something, start a thread to shower your knowledge but still you did not see the chart of Norway and still face palming Tongue

. I am not writing for any examination so i just clicked the Countries you mentioned above to see the graph and presented it here.

Quote from: stompix on June 06, 2019, 09:57:20 AM

Since this is not a secret for us living here in Europe let me enlighten you also.
In terms of GDP PPP per capita the order in Europe is:
Luxembourg, Ireland , Norway , Switzerland ,Netherlands.
As you can see, out of the top 5 countries, only one is Scandinavian.
Let it go, admit you have no clue what you're talking about and be done with it!

Hope you are reading what i said instead of being a jackass, i was not comparing the top countries in terms of GDP, i just said it is better than US and Russia, is it so hard to understand and read simple English Roll Eyes

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Quote from: stompix on June 05, 2019, 06:29:33 AM

Oh yeah, so much is done to combat scams in india...
Isn't there were Quadriga's boss faked his death certificate?

Let me see how you reach the truth, here is your earlier statement in this thread, you just proved that you are a keyboard warrior trying to change the world with conspiracy theories, FBI did not find that he faked his death, but you did how amazing Roll Eyes

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Hope you will not tell that FBI will find out the truth from you Tongue

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stompix

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Quote from: ene1980 on June 06, 2019, 09:39:23 AM

Quote from: stompix on June 05, 2019, 03:32:03 PM

~

Since you want to make me face palm again, here is the data shown in the site you provided.

It is not a hidden secret that Scandinavian countries are the best places to settle, we will have a debate if you are looking for that buddy.

Image taken from the site stompix provided

Just looking at the chart you will understand what i am trying to tell

.

Again triple facepalm.
The second line (blue) is the US, in your own proof the US has a bigger GDP per capita than 3 out of the 4 Scandinavian states.
You don't know how to read a graph?

Second, I'm not your buddy and telling ME about how life is in the Scandinavian countries is hilarious.. Grin

Now, that's GDP PPP per capita, it has nothing to do with what we've discussed earlier.
You try to come with indicators what have no connection with the previous just to say something.

Since this is not a secret for us living here in Europe let me enlighten you also.
In terms of GDP PPP per capita the order in Europe is:
Luxembourg, Ireland , Norway , Switzerland ,Netherlands.
As you can see, out of the top 5 countries, only one is Scandinavian.

Let it go, admit you have no clue what you're talking about and be done with it!

avikz

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Quote from: graylexstamit on June 05, 2019, 12:34:02 AM

The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.

I believe you are referring to bitconnect scam! If yes, then let me tell you that Indian police force are only able to crack such cases where no politicians are involved. It's not because they lack anything, but it's because Indian police force is usually controlled by the politicians for their own good!

I will exactly go by the example of Neerav Modi, Mehul Choksi or even Lalit Modi! They are still outside the prison due to their strong political backing. The list also includes Sahara India as well as Vijay Mallya. I am sure the bitconnect promoter didn't have strong political backing which got them fucked!

ene1980

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Quote from: stompix on June 05, 2019, 03:32:03 PM

Quote from: ene1980 on June 05, 2019, 03:17:44 PM

Quote from: stompix on June 05, 2019, 10:28:58 AM

~

I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. Grin

Thanks for correcting me, bigger might not be always better Wink

.

Another facepalm

https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD
Real GDP growth
Annual percent change

United States 2.3
Sweden 1.2
Norway 2
Finland 1.9
Denmark 1.7

Do you want to try it a third time?

Since you want to make me face palm again, here is the data shown in the site you provided.

It is not a hidden secret that Scandinavian countries are the best places to settle, we will have a debate if you are looking for that buddy.

Image taken from the site stompix provided

Just looking at the chart you will understand what i am trying to tell

.

stompix

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Blackjack.fun

Quote from: ene1980 on June 05, 2019, 03:17:44 PM

Quote from: stompix on June 05, 2019, 10:28:58 AM

~

I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. Grin

Thanks for correcting me, bigger might not be always better Wink

.

Another facepalm

https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD
Real GDP growth
Annual percent change

United States 2.3
Sweden 1.2
Norway 2
Finland 1.9
Denmark 1.7

Do you want to try it a third time?

ene1980

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Quote from: stompix on June 05, 2019, 10:28:58 AM

Quote from: ene1980 on June 05, 2019, 07:17:59 AM

The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that Tongue

.

Triple facepalm!!!!!!!
At least you didn't say that the economy of Carpathia, Edonia or Genovia is bigger than that of the United States.

I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. Grin

Thanks for correcting me, bigger might not be always better Wink

.

Vinalians

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The Indian government is very different from the government of the US. Indian government intended that they will do everything to protect their country no matter what crime is, the U.S there are so many people and problem so I guess they didn't have the time to focus on what is happening in the internet crime.
I also amaze how Indians reacts in this kind of crime.

uneng

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Quote from: graylexstamit on June 05, 2019, 12:34:02 AM

but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.

India government already knows blockchain and crypto currency aren't the cause of frauds scams. They have been learning with other countries since some years ago what stance they should take towards this new virtual financial space. If they were totally against it they wouldn't spend time doing that, also India loves technology, they couldn't be so ignorant on this matter to blame crypto currency.

I just think there are many news from India authorities investigating and busting scams because people there are too innocent and fall easily for scammers. In other countries such Usa it doesn't happen too often as people are more aware about these frauds.

dothebeats

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Being one of the lesser evil does not remove the fact that there's still something wrong going on with India and its domestic markets. Sure it does the job on uncovering a lot of scams but do know that among other countries, India has a lot more scammers and crimes perpetrated by the said people, one of which was bitconnect. Anyway though, amongst the said countries, India must be the least corrupt, knowing that they really are chasing after scammers as compared to the US and Russia.

pundit

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Quote from: graylexstamit on June 05, 2019, 12:34:02 AM

The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.

I would suggest you to first remove "low rank" instead use developing country. India in no way is low rank, it is one of the most powerful country in the world in every asset.
Now coming to the main course of this thread. Every new technology is warmly welcome in India, even BTC is not banned here but its not legalize because a huge number of population does not know about cryptocurrency here and and may fall prey for some scammers as it had already happened. Current govt is very strict on scammers, they will not find place to hide themselves.

stompix

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Quote from: ene1980 on June 05, 2019, 07:17:59 AM

The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that Tongue

.

Triple facepalm!!!!!!!

US 19 trillions.
Sweden 0.58 trillions
Finland 0.25 trilions
Norway 0.40 trillions
Denmark 0.32 trillions

At least you didn't say that the economy of Carpathia, Edonia or Genovia is bigger than that of the United States.

ene1980

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Quote from: graylexstamit on June 05, 2019, 12:34:02 AM

The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using.

What do you mean by India a low rank country, let me state some facts about them i know and from what i understand they are a developing country

The majority of the IT experts around the world are from India
The space program is top quality and they do things much cheaper than the rest of the world
One of the most diverse country in the world and majority of them knows multiple language
Land of Ayurveda, Yoga, Kalaripayattu
Taj Mahal, Taxila

That being said it is a land of corruption too and if some official stand up against these scam then they will be put behind bars and there will a lot of political involvement when it is a high profile case and it is a big problem but there is nothing big to amaze here as US have taken strict actions against ICO and people investing in scams in 2016 if i am not mistaken.

CryptoBry

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Quote from: graylexstamit on June 05, 2019, 12:34:02 AM

The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countries of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.

I am happy to note that people in the government of India area really serious in running after scammers. Actually this is not the first time I heard about an incident where scammers are brought to justice and have them face the music of what they did. Frankly speaking, it is not that easy to run after scammers so congratulations to the Indian government for this nice achievement and may this inspire other countries to also be strong in following and running after scammers.

Duzter

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In comparison to the support from Western nations what India has contributed is very minimal. India keeps on advancing, but there is a opinion looking bitcoin as a threat. Technology is getting spread, but it is getting hard to get recognized on third world countries. As of now from Asia Japan has done a large scale adoption. Maybe in the upcoming years more adoption could happen from India and other neighboring countries.

uray

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Quote from: Astvile on June 05, 2019, 01:25:42 AM

Well this simply shows that the indian government have concerns about their citizens,US dont give a shit about blockchain/crypto scams never heard some hacker/scammers in cryptocurrency got caught on US or in any other more advance country compared to India.

You cannot run any of these scam ICO from USA nor the citizens are able to invest from USA if you are not aware of it and it is not a new thing as it is like that for years, checks your stats before taking about scams, India as well as these third world countries are behind pulling off the biggest scams known to mankind and it is good to see for a change that actions are being taken against these scammers rather than being corrupt and settling the case.

Topic: India amazes me!Indian police recovered multi million scam - page 2. (Read 620 times)