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BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: subvolatil on July 27, 2014, 11:57:06 PM

Quote from: Benson Samuel on July 27, 2014, 11:22:23 PM

Quote from: buysellbitcoin on July 27, 2014, 11:17:16 PM

Quote from: Efelts01 on July 27, 2014, 05:40:51 PM

Scam

Care to elaborate. People put their real time, efforts in building reputation in this business and it should not be tarnished with such vague statements. In fact, just saying scam to a reputed business will not get you friends here, mate.

Regards

Looks like a troll post.

A really bad troll. atleast give out reasons why, Efelts01 said such a thing? Huh

Looking at his post history, it seems that he posts only in alt coin section. Suddenly changed his posting style for a change with no real reason. An obvious troll. No analysis required.

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: Benson Samuel on July 27, 2014, 11:22:23 PM

Quote from: buysellbitcoin on July 27, 2014, 11:17:16 PM

Quote from: Efelts01 on July 27, 2014, 05:40:51 PM

Scam

Care to elaborate. People put their real time, efforts in building reputation in this business and it should not be tarnished with such vague statements. In fact, just saying scam to a reputed business will not get you friends here, mate.

Regards

Looks like a troll post.

A really bad troll. atleast give out reasons why, Efelts01 said such a thing? Huh

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: buysellbitcoin on July 27, 2014, 11:17:16 PM

Quote from: Efelts01 on July 27, 2014, 05:40:51 PM

Scam

Care to elaborate. People put their real time, efforts in building reputation in this business and it should not be tarnished with such vague statements. In fact, just saying scam to a reputed business will not get you friends here, mate.

Regards

Looks like a troll post.

buysellbitcoin

legendary

Activity: 1105

Merit: 1001

https://www.zebpay.com

Quote from: Efelts01 on July 27, 2014, 05:40:51 PM

Scam

Care to elaborate. People put their real time, efforts in building reputation in this business and it should not be tarnished with such vague statements. In fact, just saying scam to a reputed business will not get you friends here, mate.

Regards

maurya78

hero member

Activity: 490

Merit: 500

Why do you think it is a scam?

Efelts01

full member

Activity: 182

Merit: 100

Scam

G K G

sr. member

Activity: 280

Merit: 250

Quote from: subvolatil on January 23, 2014, 11:18:10 AM

Quote from: G K G on January 23, 2014, 10:56:09 AM

Quote from: subvolatil on January 23, 2014, 10:20:11 AM

Quote from: thenoblebot on January 23, 2014, 05:10:07 AM

Quote from: G K G on January 23, 2014, 04:04:18 AM

so i registered with unocoin today. what is this BAI donation?
already the fee is high, and with this donation added it's 4%.
If it is a donation, it must be voluntary not mandatory.

BAI = Bitcoin Alliance of India

I do not think they represent the BTC community as a whole though , most certainly not from my perspective. In fact I found their first statement to be quite annoying.

And yeah , donations **MUST NOT** be mandatory.

This is what i have been saying for a very long time, they are not a part of the community they never took part in the community, and they have never looked to benefit the community. they are a Business coalition they will only answer to profit margins.

Any one can register a non-profit and give it a name, does not mean they do good.

Maybe we should listen to you. I'll stick to localbitcoins till bitquick.in picks some volume.

Even the forum market place is a good option, and there is another marketplace on the IRC called #bitcoin-otc it does have good volumes there. uses the gribble bot.

'll sure check it. thanks

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: G K G on January 23, 2014, 10:56:09 AM

Quote from: subvolatil on January 23, 2014, 10:20:11 AM

Quote from: thenoblebot on January 23, 2014, 05:10:07 AM

Quote from: G K G on January 23, 2014, 04:04:18 AM

so i registered with unocoin today. what is this BAI donation?
already the fee is high, and with this donation added it's 4%.
If it is a donation, it must be voluntary not mandatory.

BAI = Bitcoin Alliance of India

I do not think they represent the BTC community as a whole though , most certainly not from my perspective. In fact I found their first statement to be quite annoying.

And yeah , donations **MUST NOT** be mandatory.

This is what i have been saying for a very long time, they are not a part of the community they never took part in the community, and they have never looked to benefit the community. they are a Business coalition they will only answer to profit margins.

Any one can register a non-profit and give it a name, does not mean they do good.

Maybe we should listen to you. I'll stick to localbitcoins till bitquick.in picks some volume.

Even the forum market place is a good option, and there is another marketplace on the IRC called #bitcoin-otc it does have good volumes there. uses the gribble bot.

G K G

sr. member

Activity: 280

Merit: 250

Quote from: subvolatil on January 23, 2014, 10:20:11 AM

Quote from: thenoblebot on January 23, 2014, 05:10:07 AM

Quote from: G K G on January 23, 2014, 04:04:18 AM

so i registered with unocoin today. what is this BAI donation?
already the fee is high, and with this donation added it's 4%.
If it is a donation, it must be voluntary not mandatory.

BAI = Bitcoin Alliance of India

I do not think they represent the BTC community as a whole though , most certainly not from my perspective. In fact I found their first statement to be quite annoying.

And yeah , donations **MUST NOT** be mandatory.

This is what i have been saying for a very long time, they are not a part of the community they never took part in the community, and they have never looked to benefit the community. they are a Business coalition they will only answer to profit margins.

Any one can register a non-profit and give it a name, does not mean they do good.

Maybe we should listen to you. I'll stick to localbitcoins till bitquick.in picks some volume.

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: thenoblebot on January 23, 2014, 05:10:07 AM

Quote from: G K G on January 23, 2014, 04:04:18 AM

so i registered with unocoin today. what is this BAI donation?
already the fee is high, and with this donation added it's 4%.
If it is a donation, it must be voluntary not mandatory.

BAI = Bitcoin Alliance of India

I do not think they represent the BTC community as a whole though , most certainly not from my perspective. In fact I found their first statement to be quite annoying.

And yeah , donations **MUST NOT** be mandatory.

This is what i have been saying for a very long time, they are not a part of the community they never took part in the community, and they have never looked to benefit the community. they are a Business coalition they will only answer to profit margins.

Any one can register a non-profit and give it a name, does not mean they do good.

thenoblebot

sr. member

Activity: 364

Merit: 252

Quote from: G K G on January 23, 2014, 04:04:18 AM

so i registered with unocoin today. what is this BAI donation?
already the fee is high, and with this donation added it's 4%.
If it is a donation, it must be voluntary not mandatory.

BAI = Bitcoin Alliance of India

I do not think they represent the BTC community as a whole though , most certainly not from my perspective. In fact I found their first statement to be quite annoying.

And yeah , donations **MUST NOT** be mandatory.

G K G

sr. member

Activity: 280

Merit: 250

so i registered with unocoin today. what is this BAI donation?
already the fee is high, and with this donation added it's 4%.
If it is a donation, it must be voluntary not mandatory.

dashingriddler

legendary

Activity: 1258

Merit: 1001

Quote from: RFDZ on January 10, 2014, 08:22:37 AM

Quote from: dashingriddler on January 08, 2014, 10:20:50 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

I asked the same question to official, and they verbally said as the total volume is very low - they wont go in dept investigations. But as of now they just know more people who are interested in bitcoins i would say.

All customers were informed that the KYC docs were collected by IRS in an email.

So this implies that as the volume gets high, they will get into investigation?

If they come back to us asking for our transaction volume and individual customer volume data we will be obliged to provide them.
As far as i know, if your bank account and bitcoins are clean, you should not be bothered.

dishwara

legendary

Activity: 1855

Merit: 1016

Quote from: subvolatil on January 11, 2014, 04:18:47 AM

Well this should be a interesting muck ED has put in.

http://translate.google.co.in/translate?hl=en&sl=gu&u=http://www.gujaratsamachar.com/index.php/articles/display_article/indian-share-market-company-bit-coins&prev=/search%3Fq%3Dindian%2Bshare%2Bmarket%2Bcompany%2Bbit%2Bcoins%2Bgujaratsamachar.com%26espv%3D210%26es_sm%3D93

The article saying Bitcoin illegal in India?
I dont understand the conversion from Gujarati to English correctly

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Well this should be a interesting muck ED has put in.

http://translate.google.co.in/translate?hl=en&sl=gu&u=http://www.gujaratsamachar.com/index.php/articles/display_article/indian-share-market-company-bit-coins&prev=/search%3Fq%3Dindian%2Bshare%2Bmarket%2Bcompany%2Bbit%2Bcoins%2Bgujaratsamachar.com%26espv%3D210%26es_sm%3D93

Neo.op

sr. member

Activity: 1092

Merit: 254

Quote from: devansh1991 on January 10, 2014, 10:15:31 AM

Quote from: Benson Samuel on January 09, 2014, 11:46:15 PM

Quote from: devansh1991 on January 09, 2014, 03:21:57 PM

Quote from: Neo.op on January 08, 2014, 01:53:56 AM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

I

I cant say if this will act as a honeypot or not but if btc is made illegal in the future, people dealing here will be in hot water.

Well none of the public gay figures have been prosecuted after the gay sex ban !!

Thats because they have not had gay sex in public after the ban.

The point that I am trying to make is that you cannot be held guilty for an act committed in the past when it was legal but has now been declared a punishable offence.[/u]

The word you are looking for is retroactive. And I while got your point earlier too I fail to see the reason for putting it such a crude way. Just goes to show that you are just misinformed with low respect for other communities, in this case gay, who neither understands english nor can do google search.

Now read this example:
http://articles.economictimes.indiatimes.com/2012-04-13/news/31337558_1_tax-sale-tax-avoidance-retroactive-legislation

There was a retrospective law being applied to tax Vodafone.
Now for the word "in hot waters".
http://idioms.thefreedictionary.com/in+hot+water

"in a difficult situation in which you are likely to be punished" (and not punished as you interpreted).

Now seeing that, unocoins has taken the position of reporting on its customers activities. If there is a law applied later by RBI/Central government, retroactive or not, people will be put in difficult situation and their finances analysed in detail.

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: G K G on January 10, 2014, 09:24:10 PM

Quote from: subvolatil on January 10, 2014, 09:07:49 PM

Quote from: G K G on January 10, 2014, 08:49:24 PM

Quote from: subvolatil on January 07, 2014, 05:43:56 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

This exchange can do a better job. www.bitquick.in

Ya that looks OK. But very little sell orders with very little BTC.
Very safe for buyers (don't need to deposit INR to the website and no need to provide your personal details). but selllers will have to provide their bank details.

If their US website is really theirs then i totally trust them. Till i know that, i will have to wait for some real trade traffic to trust them.

Yup the US website is theirs, you can find the Indian website link on their US website.

Then that is perfect. Maybe i'll sell some soon for a start.

cool let me know what their service is like.

G K G

sr. member

Activity: 280

Merit: 250

Quote from: subvolatil on January 10, 2014, 09:07:49 PM

Quote from: G K G on January 10, 2014, 08:49:24 PM

Quote from: subvolatil on January 07, 2014, 05:43:56 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

This exchange can do a better job. www.bitquick.in

Ya that looks OK. But very little sell orders with very little BTC.
Very safe for buyers (don't need to deposit INR to the website and no need to provide your personal details). but selllers will have to provide their bank details.

If their US website is really theirs then i totally trust them. Till i know that, i will have to wait for some real trade traffic to trust them.

Yup the US website is theirs, you can find the Indian website link on their US website.

Then that is perfect. Maybe i'll sell some soon for a start.

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: G K G on January 10, 2014, 08:49:24 PM

Quote from: subvolatil on January 07, 2014, 05:43:56 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

This exchange can do a better job. www.bitquick.in

Ya that looks OK. But very little sell orders with very little BTC.
Very safe for buyers (don't need to deposit INR to the website and no need to provide your personal details). but selllers will have to provide their bank details.

If their US website is really theirs then i totally trust them. Till i know that, i will have to wait for some real trade traffic to trust them.

Yup the US website is theirs, you can find the Indian website link on their US website.

G K G

sr. member

Activity: 280

Merit: 250

Quote from: subvolatil on January 07, 2014, 05:43:56 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

This exchange can do a better job. www.bitquick.in

Ya that looks OK. But very little sell orders with very little BTC.
Very safe for buyers (don't need to deposit INR to the website and no need to provide your personal details). but selllers will have to provide their bank details.

If their US website is really theirs then i totally trust them. Till i know that, i will have to wait for some real trade traffic to trust them.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: devansh1991 on January 10, 2014, 10:15:31 AM

Quote from: Benson Samuel on January 09, 2014, 11:46:15 PM

Quote from: devansh1991 on January 09, 2014, 03:21:57 PM

Quote from: Neo.op on January 08, 2014, 01:53:56 AM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

I

I cant say if this will act as a honeypot or not but if btc is made illegal in the future, people dealing here will be in hot water.

Well none of the public gay figures have been prosecuted after the gay sex ban !!

Thats because they have not had gay sex in public after the ban.

The point that I am trying to make is that you cannot be held guilty for an act committed in the past when it was legal but has now been declared a punishable offence.

There was a recent case where a bank was fined and held guilty for laws that were not in place when they mucked up. Not sure which one. If someone does, please do postit.

But I agree. You cannot really be held that easily with an act committed in the past. The problem lies when there is no regulation/ definition and various other laws may get breached in between. And no clarity has yet been provided as to what those laws may be,

devansh1991

full member

Activity: 138

Merit: 100

Quote from: Benson Samuel on January 09, 2014, 11:46:15 PM

Quote from: devansh1991 on January 09, 2014, 03:21:57 PM

Quote from: Neo.op on January 08, 2014, 01:53:56 AM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

I

I cant say if this will act as a honeypot or not but if btc is made illegal in the future, people dealing here will be in hot water.

Well none of the public gay figures have been prosecuted after the gay sex ban !!

Thats because they have not had gay sex in public after the ban.

The point that I am trying to make is that you cannot be held guilty for an act committed in the past when it was legal but has now been declared a punishable offence.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: Neo.op on January 10, 2014, 12:35:30 AM

Quote from: devansh1991 on January 09, 2014, 03:21:57 PM

Quote from: Neo.op on January 08, 2014, 01:53:56 AM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

I

I cant say if this will act as a honeypot or not but if btc is made illegal in the future, people dealing here will be in hot water.

Well none of the public gay figures have been prosecuted after the gay sex ban !!

(I apologies to anyone whose sentiments might hurt with the below post)
Lets see:

1. Gays have much wider support than btc (400 reported users on buysellbtc to millions of gays)
2. Gays have nothing to do with money, laundering schemes and hawala. This is a much graver offence than "gays", specially when you can't fund terrorism with gayness.
3. You don't have an agency dedicated to single minded motivation of protecting sex laws (read ED)
4. Gays don't call an international conferences and boast about having 10-20 partners each attracting unwanted and wrong kind of attention.

LMFAO

RFDZ

newbie

Activity: 32

Merit: 0

Quote from: dashingriddler on January 08, 2014, 10:20:50 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

I asked the same question to official, and they verbally said as the total volume is very low - they wont go in dept investigations. But as of now they just know more people who are interested in bitcoins i would say.

All customers were informed that the KYC docs were collected by IRS in an email.

So this implies that as the volume gets high, they will get into investigation?

thenoblebot

sr. member

Activity: 364

Merit: 252

Lol dont know where this thread will end up

Neo.op

sr. member

Activity: 1092

Merit: 254

Quote from: devansh1991 on January 09, 2014, 03:21:57 PM

Quote from: Neo.op on January 08, 2014, 01:53:56 AM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

I

I cant say if this will act as a honeypot or not but if btc is made illegal in the future, people dealing here will be in hot water.

Well none of the public gay figures have been prosecuted after the gay sex ban !!

(I apologies to anyone whose sentiments might hurt with the below post)
Lets see:

1. Gays have much wider support than btc (400 reported users on buysellbtc to millions of gays)
2. Gays have nothing to do with money, laundering schemes and hawala. This is a much graver offence than "gays", specially when you can't fund terrorism with gayness.
3. You don't have an agency dedicated to single minded motivation of protecting sex laws (read ED)
4. Gays don't call an international conferences and boast about having 10-20 partners each attracting unwanted and wrong kind of attention.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: devansh1991 on January 09, 2014, 03:21:57 PM

Quote from: Neo.op on January 08, 2014, 01:53:56 AM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

I

I cant say if this will act as a honeypot or not but if btc is made illegal in the future, people dealing here will be in hot water.

Well none of the public gay figures have been prosecuted after the gay sex ban !!

Thats because they have not had gay sex in public after the ban.

devansh1991

full member

Activity: 138

Merit: 100

Quote from: Neo.op on January 08, 2014, 01:53:56 AM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

I

I cant say if this will act as a honeypot or not but if btc is made illegal in the future, people dealing here will be in hot water.

Well none of the public gay figures have been prosecuted after the gay sex ban !!

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: dashingriddler on January 08, 2014, 11:41:59 PM

You are crazy or what? haha
I suggested the IRS guys to look into an option of collecting info about amount of bitcoins and other crypto coins the tax payers are holding - similar to how people declare their assets and securities. i said this would help them to get some stats atleast to take subsequent steps.

Quote from: Benson Samuel on January 08, 2014, 11:36:34 PM

Quote from: dashingriddler on January 08, 2014, 10:20:50 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

I asked the same question to official, and they verbally said as the total volume is very low - they wont go in dept investigations. But as of now they just know more people who are interested in bitcoins i would say.

All customers were informed that the KYC docs were collected by IRS in an email.

So, it is a honeypot of sorts.

Can't you go hostile and encrypt/ salt data and refuse to divulge? Cheesy

Sigh, so I have to declare my 400 Satoshi fortune eh??

dashingriddler

legendary

Activity: 1258

Merit: 1001

You are crazy or what? haha
I suggested the IRS guys to look into an option of collecting info about amount of bitcoins and other crypto coins the tax payers are holding - similar to how people declare their assets and securities. i said this would help them to get some stats atleast to take subsequent steps.

Quote from: Benson Samuel on January 08, 2014, 11:36:34 PM

Quote from: dashingriddler on January 08, 2014, 10:20:50 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

I asked the same question to official, and they verbally said as the total volume is very low - they wont go in dept investigations. But as of now they just know more people who are interested in bitcoins i would say.

All customers were informed that the KYC docs were collected by IRS in an email.

So, it is a honeypot of sorts.

Can't you go hostile and encrypt/ salt data and refuse to divulge? Cheesy

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: dashingriddler on January 08, 2014, 10:20:50 PM

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

I asked the same question to official, and they verbally said as the total volume is very low - they wont go in dept investigations. But as of now they just know more people who are interested in bitcoins i would say.

All customers were informed that the KYC docs were collected by IRS in an email.

So, it is a honeypot of sorts.

Can't you go hostile and encrypt/ salt data and refuse to divulge? Cheesy

dashingriddler

legendary

Activity: 1258

Merit: 1001

Quote from: Benson Samuel on January 07, 2014, 12:11:12 PM

Is there any investigation on the people who had sent in their KYC previously?
Is this a honeypot for officials?

Would be good to protect customers as well with some of these doubts cleared before reopening.

I asked the same question to official, and they verbally said as the total volume is very low - they wont go in dept investigations. But as of now they just know more people who are interested in bitcoins i would say.

All customers were informed that the KYC docs were collected by IRS in an email.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: aakashkumar on January 08, 2014, 05:09:19 AM

What will happen If i trade Bitcoin On Unocoin ?
Did they send ED to My House ? Shocked

Lol, doubt if small transactions will interest the ED.

aakashkumar

full member

Activity: 157

Merit: 100

What will happen If i trade Bitcoin On Unocoin ?
Did they send ED to My House ? Shocked

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: subvolatil on January 07, 2014, 10:49:17 AM

Forgot to mention what these guys did earlier ;

Quote from: subvolatil on December 17, 2013, 11:13:57 AM

Quote from: Benson Samuel on December 17, 2013, 10:48:51 AM

Quote from: subvolatil on December 17, 2013, 10:38:12 AM

Quote from: Benson Samuel on December 16, 2013, 12:07:40 PM

Quote from: bitcoinisfurture on December 16, 2013, 12:47:14 AM

Has Coinmonk kicked off their site?

yeah, check out http://unocoin.com/

I tried to register, but no mail was sent to me.

Looks like coin monk is Falsely advertising Benson Samuel name to make a buck.

What a bunch of scam artist.

Would not trust them .

Lemme talk to em first..

I just had to do this.
Regardless if they were just doing a trial. Putting up a testimonial without that person actually a being able to signup for that service. Its cold. Way to cold.

That is very poor.

Thanks for pointing it out. I will definitely stay out of it.

Topic: Unocoin is back (Read 3851 times)