To be fair I have no idea why China even decided to ban bitcoin mining, what a silly decision, do they wanted to test their power on bitcoin, how just simply their statement would affect it? Cause otherwise it's out of logic. Can say the same about India's decision to ban bitcoin and crypto usage, make it even illegal and set punishes on it.
OP it's not like change their hearts and etc, it's politics and they do something for some reasons but personally I don't see any logic here, ban especially from India was unexpected for me. I think they'll understand that there is no pro that can outweight cons in this decision.
In overall it's great that blockchain technologies are adopted so massively. Land title registry, birth registry and a lot of serious services already integrated blockchain technologies in some countries, brazil is first one in birth registry via blockchain. India is first Blockchain Coffee Platform, great!
Topic: India’s Blockchain Coffee Platform Onboards 30,000 Farmers (Read 251 times)
I believe so, you must be mentally ill and sick in the head to want to arrest someone just for using cryptocurrency. I can't see anyone going through with that. They cannot keep it banned they are fighting a losing battle that will wage on forever. When you can't beat them join them right? They will change their mind. Good to see coffee farmers onboard with the blockchain. It is nice to see some serious actions taking place in crypto.
The Indian government’s blockchain platform for tracking coffee has seen significant adoption. Over 30,000 coffee farmers have signed up just a few months after the launch.
Back in March this year, the Coffee Board of India (CBoI) partnered with software company Eka Software Solutions to launch a blockchain platform. Farmers, exporters, curers, roasters, and international buyers could register on it, and trade coffee.
Read the full news here
Sounds bullish to me. You know why? When China banned Bitcoin, cryptocurrencies and blockchain technology in their country, I knew that one day there would be a change of heart.
And it became a reality.....
Right now, China is circulating an article about Bitcoin to their citizens after planning to invest on blockchain technology implementation and they removed crypto mining from the banned list of industries in their country.
I believe that time will come for India in doing the same. They are considering a ban on Bitcoin and cryptocurrencies, and anyone can be jailed if got caught or discovered buying, holding or doing crypto-related transactions.
Now that with their blockchain coffee platform, I strongly believe that “the day will come” for them to “change their heart” on how they view Bitcoin and cryptocurrencies in their country.
To all India fanatics here, do you honestly believe that a “change of heart” would come in due time, starting off with this interesting news? Let me know your thoughts here.
Thanks!
Anyway, unfortunately, it's an implementation of blockchain which has nothing to do with cryptos. And the practice has shown that a government or a country can be all for blockchain but against cryptocurrencies. I do hope that India will be fine with cryptos, of course.
I don't think it has something to do with the market situation, they were just implementing blockchain technology on their businesses and it has nothing to do with bitcoin itself. If they would start to accept and buy bitcoin that might change the result and we probably have a bullish market this month.
The Indian government’s blockchain platform for tracking coffee has seen significant adoption. Over 30,000 coffee farmers have signed up just a few months after the launch.
Back in March this year, the Coffee Board of India (CBoI) partnered with software company Eka Software Solutions to launch a blockchain platform. Farmers, exporters, curers, roasters, and international buyers could register on it, and trade coffee.
Read the full news here
Sounds bullish to me. You know why? When China banned Bitcoin, cryptocurrencies and blockchain technology in their country, I knew that one day there would be a change of heart.
And it became a reality.....
Right now, China is circulating an article about Bitcoin to their citizens after planning to invest on blockchain technology implementation and they removed crypto mining from the banned list of industries in their country.
I believe that time will come for India in doing the same. They are considering a ban on Bitcoin and cryptocurrencies, and anyone can be jailed if got caught or discovered buying, holding or doing crypto-related transactions.
Now that with their blockchain coffee platform, I strongly believe that “the day will come” for them to “change their heart” on how they view Bitcoin and cryptocurrencies in their country.
To all India fanatics here, do you honestly believe that a “change of heart” would come in due time, starting off with this interesting news? Let me know your thoughts here.
Thanks!
source for court date: https://twitter.com/cryptokanoon/status/1184471926715994114
not until china totally proclaimed Bitcoin as Legal tender dont expect any good because those are only a word of their president that as we knew from the start is changing statements from time to time ,and china and india are two different countries that has different president so lets not count the chicks until they comes out alive from the eggs.
but i believe in Indian government will soon open the door for adopting bitcoin and also cryptocurrencies.
but i believe in Indian government will soon open the door for adopting bitcoin and also cryptocurrencies.
Forget the blockchain for a moment...
Seriously!!!
What the hell is that picture?
??
https://data.worldbank.org/indicator/sl.agr.empl.zs
Percentage of population in agriculture, India is at 43, Netherland is at 2.
India exports 38 billion of agricultural products, Netherland does 90 billion.
Cheap workforce doesn't matter anymore, the quality of the machine doing the work is the most important thing.
And with no such thing, there is no way to compete in today's markets.
Rise the price of coffee and you will have some serious riots!!
Forget bitcoin, don't touch the coffee unless you have a deathwish.
Same here, probably in two-three years and if we check all this kind news everyday we would need to raise the limit above 21 million just so we can all have a satoshi
So, conclusion...
This is not about bitcoin, isn't it?
Seriously!!!
What the hell is that picture?
??India is renown for its agricultural power and like it or not - the cheap work force.
https://data.worldbank.org/indicator/sl.agr.empl.zs
Percentage of population in agriculture, India is at 43, Netherland is at 2.
India exports 38 billion of agricultural products, Netherland does 90 billion.
Cheap workforce doesn't matter anymore, the quality of the machine doing the work is the most important thing.
And with no such thing, there is no way to compete in today's markets.
bullish in what? in price of coffee? because that is what this news is related to!
Rise the price of coffee and you will have some serious riots!!
Forget bitcoin, don't touch the coffee unless you have a deathwish.
Sounds bullish to me.
If I had 1 satoshi for everytime someone said those exact same words but eventually nothing happened, I'd have like 2 BTC or something. Seriously, this is getting dumb now....A 'Blockchain Coffee Platform' is bullish now? Really?Same here, probably in two-three years and if we check all this kind news everyday we would need to raise the limit above 21 million just so we can all have a satoshi
So, conclusion...
This is not about bitcoin, isn't it?
To all India fanatics here, do you honestly believe that a “change of heart” would come in due time, starting off with this interesting news? Let me know your thoughts here.
Thanks!
Now there are many projects that want to partner with blockchain technology because now some people prefer blockchain-based technology projects, but I think India's onboard coffee launched this project, they just want to advance their coffee products to be more noticed by other countries, even though they make projects like but governments in India will continue to ban bitcoin or cryptocurrency in their countries because they think bitcoin will threaten their currencies.
i still do not understand what the point of using blockchain in things that don't really require a "distributed ledger" specially in decentralized form, is. in most cases (including this one) it doesn't make any sense to use blockchain at all. it can even make things more complicated and increase the costs.
i would love to be proven otherwise though. i did some search i can't find any details about this platform.
i would love to be proven otherwise though. i did some search i can't find any details about this platform.
They're not (Chinese) circulating in any way or form about Bitcoin to their citizens. The government acknowledges blockhain technology and not Bitcoin. I think you need to understand that.
Similar to what India is doing right now. They want to take advantage of Blockchain Technology, but it doesn't mean that they're embracing Bitcoin. So there's no bullishness about it, those two countries are still having their hard stance on crypto and it won't change.
Similar to what India is doing right now. They want to take advantage of Blockchain Technology, but it doesn't mean that they're embracing Bitcoin. So there's no bullishness about it, those two countries are still having their hard stance on crypto and it won't change.
The fact that they're going to use blockchain technology is a big plus for Bitcoin enthusiasts. Yes, It may likely not have a direct impact on Bitcoin . But if there's one thing, I know, It'll bring more exposure and possibly more adoption for the Crypto Community. Government has always been against Bitcoin because it's a threat to the traditional financial systems. Despite China/India blockchains, we know which cryptocurrency will still be at the top of the food chain.
Damn. For a country that isn't very supportive of bitcoin, they've definitely done a great job utilizing blockchain technology, I feel like this is the new latest trends with a bunch of countries now that don't like BTC, especially when you look at China, India seems to have a taken a similar stance, not completely banning it, but using the tech behind it to do cool stuff like this.
I think using blockchain to showcase where the chain of food comes from is going to be a really, really good idea.
I think using blockchain to showcase where the chain of food comes from is going to be a really, really good idea.
They're not (Chinese) circulating in any way or form about Bitcoin to their citizens. The government acknowledges blockhain technology and not Bitcoin. I think you need to understand that.
Similar to what India is doing right now. They want to take advantage of Blockchain Technology, but it doesn't mean that they're embracing Bitcoin. So there's no bullishness about it, those two countries are still having their hard stance on crypto and it won't change.
Similar to what India is doing right now. They want to take advantage of Blockchain Technology, but it doesn't mean that they're embracing Bitcoin. So there's no bullishness about it, those two countries are still having their hard stance on crypto and it won't change.
Sounds bullish to me. You know why?
bullish in what? in price of coffee? because that is what this news is related to!Quote
When China banned Bitcoin, cryptocurrencies and blockchain technology in their country,
China never banned bitcoin, cryptocurrency or blockchain technology in their country!the ONLY things they banned were shady exchanges and ICO scams.
Quote
removed crypto mining from the banned list of industries in their country.
again, mining has never been banned! how do you explain all these mining farms that have been active for years in China?
Now that with their blockchain coffee platform, I strongly believe that “the day will come” for them to “change their heart” on how they view Bitcoin and cryptocurrencies in their country. To all India fanatics here, do you honestly believe that a “change of heart” would come in due time, starting off with this interesting news? Let me know your thoughts here.
Although we understand that the blockchain technology and Bitcoin are very much related to each other we also understand that they are separate and distinct so anyone can adopt the blockchain technology without necessary touching Bitcoin. However, we are talking here maybe of that "change of heart" or that softening of a hard line stance on cryptocurrency that can be possible once the country's leaders can see the many benefits that the blockchain has been able to gift to many beneficiaries.
I am sure that soon the government may take a second look at this issue and come up with how they can regulate and allow Bitcoin to be used, owned and traded in this huge country, second only to China in terms of population. Now, it would also help if Bitcoin enthusiasts all over the country can find their own one voice so that a force can be created which the government has no choice but to listen.
India can be considered as one of the biggest future markets for Bitcoin and cryptocurrency in general. Just imagine if the time will come when India, China and Russia can be opening their borders to Bitcoin, am sure that would be a fantastic day for all of us.
This blockchain platform actually uses Ethereum smart contract (and blockchain) on one of its workflows. But they could've easily forked it and run their own chain (even though the security would decrease a lot). Judging from the reports, it looks like blockchain is used purely for trade transparency and data verification and does not relate in any way to cryptocurrency.
The bulls are still dead inside India.
The bulls are still dead inside India.
Now that with their blockchain coffee platform, I strongly believe that “the day will come” for them to “change their heart” on how they view Bitcoin and cryptocurrencies in their country.
To all India fanatics here, do you honestly believe that a “change of heart” would come in due time, starting off with this interesting news? Let me know your thoughts here.
To all India fanatics here, do you honestly believe that a “change of heart” would come in due time, starting off with this interesting news? Let me know your thoughts here.
I do not think that a coffee platform powered by a blockchain technology will be enough to change their views about cryptocurrency but I believe that there will be a time for a change of heart if they see that majority of the countries around the world, accept or adopt cryptocurrency as a new form of money and I think that they don't want to be left behind when they see a lot of country benefiting from cryptocurrency.
There are no change of heart with the Indian government, they only accept it because it is not a token used as a currency. Blockchain technology
used to track coffee is in no way a danger to the local reserve currency, so India would have no problem with it. As soon as they use that token for
a competing currency, the government of India will try to stop it. Let's also filter the good news from the bad news, so not all Blockchains are
supporting the Bitcoin token, they are using their own tokens.
used to track coffee is in no way a danger to the local reserve currency, so India would have no problem with it. As soon as they use that token for
a competing currency, the government of India will try to stop it. Let's also filter the good news from the bad news, so not all Blockchains are
supporting the Bitcoin token, they are using their own tokens.
Sounds bullish to me.
If I had 1 satoshi for everytime someone said those exact same words but eventually nothing happened, I'd have like 2 BTC or something. Seriously, this is getting dumb now....A 'Blockchain Coffee Platform' is bullish now? Really?I believe that time will come for India in doing the same. They are considering a ban on Bitcoin and cryptocurrencies, and anyone can be jailed if got caught or discovered buying, holding or doing crypto-related transactions.
Now that with their blockchain coffee platform, I strongly believe that “the day will come” for them to “change their heart” on how they view Bitcoin and cryptocurrencies in their country.
Ok, now it's time to wake up and face reality: It's very unlikely that they'll have a "change of heart" because of some damn coffee, and even if they do change their stance on Bitcoin, it's not gonna happen anytime soon, that's not how politics work.Now that with their blockchain coffee platform, I strongly believe that “the day will come” for them to “change their heart” on how they view Bitcoin and cryptocurrencies in their country.
Don't mix up two things! I am glad that Indian Coffee board has taken great step to bring blockchain to real world use, but it has no relation with crypto adoption! Look at your below comment,
Indian government was always bullish about blockchain. They have even hosted a blockchain based fintech seminar earlier to explore the opportunities. But they were never favorable towards cryptos. They even forced Zebpay out of the country!
I will certainly love to see India adopting cryptos for greater good! But that's not going to happen as it seems!
Quote
I believe that time will come for India in doing the same. They are considering a ban on Bitcoin and cryptocurrencies, and anyone can be jailed if got caught or discovered buying, holding or doing crypto-related transactions.
Indian government was always bullish about blockchain. They have even hosted a blockchain based fintech seminar earlier to explore the opportunities. But they were never favorable towards cryptos. They even forced Zebpay out of the country!
I will certainly love to see India adopting cryptos for greater good! But that's not going to happen as it seems!
Blockchain has been continuously receiving quite significant amount of attention and adoption nowadays and no questions that it increases the chance of another bull run. However, it won't be exclusive to Bitcoin, but huge chances is that people would have some of their attention to the prime technology that utilized blockchain. Still though, it's comes with no assurance and we're only speculating about the chances of another bullish run.
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