Topic: Indians and Bitcoin (Read 1202 times)
Bitcoin has a long way to go in India. The general idea is that Bitcoin is illegal in India. I once asked a bank manager of a nationalized bank and his response was it is a crime to use bitcoin since it is against the law. Such type of fear is placed in most places. This misconception needs to go for bitcoin to become a major success in India.
I dont see indians having more advantage on bitcoins.
Bitcoins in india are not that much popular still so we cannot use them offline,if we tell some one about it may be they would laugh as us.
Bitcoins in india are not that much popular still so we cannot use them offline,if we tell some one about it may be they would laugh as us.
Definitely one use could be to tackle corruption and black money. Its hard to make laws relating to that strict in our country and I read somwhere today about a cashless country and how it will benefit India. So Bitcoin would definitely have been perfect for that.
Bitcoin is almost everywhere these days.
I was wondering if we indians have any additional advantage or benefits of using Bitcoin that rest if the world dont have?
Share your thoughts
Most of indian are not even aware of btc as india overall literacy rate is low.it is major factor that everyone is not connected with digital world.but let hope that india would lead btc to a new height as there are upcoming new btc company to india.Share your thoughts
I don't see if Indians have any advantage over bitcoin than that rest of the world may be even less.
I was wondering if we indians have any additional advantage or benefits of using Bitcoin that rest if the world dont have?
Share your thoughts
Most of indian are not even aware of btc as india overall literacy rate is low.it is major factor that everyone is not connected with digital world.but let hope that india would lead btc to a new height as there are upcoming new btc company to india. Share your thoughts
We are indians Even I am also And we belongs to Tier 3 country.
Already Tier 1 and Tier 2 countries have implemented vastly there economics adopting cryptocurrency. Bcz its a future.
In India its just has beginning will take more time to people get involved in bitcoin.
Already Tier 1 and Tier 2 countries have implemented vastly there economics adopting cryptocurrency. Bcz its a future.
In India its just has beginning will take more time to people get involved in bitcoin.
I Agree with you, Our people need to be educated how the things work in this platform like how to earn Bitcoins and convert into Rupees.
We are indians Even I am also And we belongs to Tier 3 country.
Already Tier 1 and Tier 2 countries have implemented vastly there economics adopting cryptocurrency. Bcz its a future.
In India its just has beginning will take more time to people get involved in bitcoin.
Already Tier 1 and Tier 2 countries have implemented vastly there economics adopting cryptocurrency. Bcz its a future.
In India its just has beginning will take more time to people get involved in bitcoin.
I was wondering if we indians have any additional advantage or benefits of using Bitcoin that rest if the world dont have?
Share your thoughts
Share your thoughts
I'd say that India is relatively underdeveloped in terms of internet usage and technological adoption. Bitcoin can encourage rural people to get a PC, a laptop, or a mobile phone.
It is also a good payment means for people living overseas to send money back to their relatives, or the opposite way around. Using western union might take a lot of fees, but with bitcoins it's almost none.
I was wondering if we indians have any additional advantage or benefits of using Bitcoin that rest if the world dont have?
Share your thoughts
Share your thoughts
I'd say that India is relatively underdeveloped in terms of internet usage and technological adoption. Bitcoin can encourage rural people to get a PC, a laptop, or a mobile phone.
It is also a good payment means for people living overseas to send money back to their relatives, or the opposite way around. Using western union might take a lot of fees, but with bitcoins it's almost none.
1. I think blockchain transparency can solve corruption in many use-cases.
I think it would also encourage more corruption because of anonymity Right. I said many, not all. It depends how you implement the system. For ex, notarizing documents on blockchain can help uproot our corrupt notary system.
if you come to think of it, most innovative technologies like bitcoin can be extremely shameless / ego-less!
it doesn't care if you're an indian or jamaican
white, black or even green, for that matter
this 'global village' will only continue to keep shrinking
Yes you are right technology cannot differentiate but its benefits can be different to different people and nations it doesn't care if you're an indian or jamaican
white, black or even green, for that matter
this 'global village' will only continue to keep shrinking
if you come to think of it, most innovative technologies like bitcoin can be extremely shameless / ego-less!
it doesn't care if you're an indian or jamaican
white, black or even green, for that matter
this 'global village' will only continue to keep shrinking
it doesn't care if you're an indian or jamaican
white, black or even green, for that matter
this 'global village' will only continue to keep shrinking
1. I think blockchain transparency can solve corruption in many use-cases.
I think it would also encourage more corruption because of anonymity i think not possible yet because specially in india don't have much focas on crypto currencies.bitcoin may be most serious in India if government make rule to pay employees in bitcoin by every private company and government too.
and in technical area of btc nothing can be changed because bitcoin was made just by one person not any organization.only satoshi can change its function,tools...etc
As far as i know,Bitcoin protocol can be changed with concensus and in technical area of btc nothing can be changed because bitcoin was made just by one person not any organization.only satoshi can change its function,tools...etc
i think not possible yet because specially in india don't have much focas on crypto currencies.bitcoin may be most serious in India if government make rule to pay employees in bitcoin by every private company and government too.
and in technical area of btc nothing can be changed because bitcoin was made just by one person not any organization.only satoshi can change its function,tools...etc
and in technical area of btc nothing can be changed because bitcoin was made just by one person not any organization.only satoshi can change its function,tools...etc
1. I think blockchain transparency can solve corruption in many use-cases.
2. Blockchain as protocol can solve problems with democracy i.e, minority suffering at the hands of majority by introducing autonomous control a.k.a swaraj.
3. Adopting bitcoin as currency can open India to the global economy in ways even bigger than how internet helps countries become a part of global economy.
[I am writing a book about these in detail.]
2. Blockchain as protocol can solve problems with democracy i.e, minority suffering at the hands of majority by introducing autonomous control a.k.a swaraj.
3. Adopting bitcoin as currency can open India to the global economy in ways even bigger than how internet helps countries become a part of global economy.
[I am writing a book about these in detail.]
I was wondering if we indians have any additional advantage or benefits of using Bitcoin that rest if the world dont have?
Share your thoughts
Share your thoughts
Jump to: