Unofficial List of Indian Sub-Forum FAQ, Rules, Guidelines, Resources
Seems Indian bitcoin community is getting bigger by day and we could really use a FAQ/guidelines/resources thread. So It's Sunday and I decided to dedicate some time to do it. Suggestion/edits on grammar, addition, constructive critisism is most welcome.
Contents:Click the link to go to that part of the post:
Beginner's Guide to Forum, The Bitcoin and Everything
Welcome to the Bitcoin Indian-Sub forums! It's a diverse and happening place, but before you jump in here's what you need to know:
1. Introduction to Bitcoin: Have a look at
Introduction to Bitcoin!
Bitcoin is a complicated technology, and it might be overwhelming to wrap your head around how ingenious it is. Stick around and you might use this to your advantage.
There are people here to help, however most questions have been asked before and answered. So you migh wanna "Search" before asking.
2. Quick Resources: - The forum search function
- The unofficial wiki, with FAQ
- The Thesis by "Satoshi Nakamoto" himself.
- This thread.
- This thread is not enough to contain all the greatness of Bitcoin. Be curious and keeping googling about it.
3. About This Community: - Head over to Newbie Guide if you are new to forums.
- This Sub-forum is a platform for Indian Bitcoin community that want to stick together.
- Similar to our India, this community has lot of diverse opinions and personalities. Have a thick shell and you will learn a lot.
- Nothing said here is official statement from Bitcoin.
- Bitcoin is not a company or an organisation. It is an open-source project that anyone can contribute to or participate in.
- The closest thing there are to leaders are the project developers. Bitcoin was created by Satoshi Nakamoto. The Project Lead is Gavin Andresen.
Frquently Asked Questions (FAQ)
Answers to most of the FAQs are answered at Frequently Asked Questions - Bitcoin.org and Myths - Bitcoin.org
Heres a quick peek of India specific FAQs:Q: What is Bitcoin?A: https://www.youtube.com/embed/Um63OQz3bjo https://www.youtube.com/embed/Gc2en3nHxA4 Q: Is Bitcoin a ponzi or pyramid scheme?A: No. Like any other currency, Bitcoin is designed to be used as money, not as an investment.
A
Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.
A
pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
Unlike either of these situations, Bitcoin has no person "at the top" who collects money paid for bitcoins, or has to pay out when bitcoins are sold. Neither is there any kind of scheme in Bitcoin to harvest money off of unsuspecting people in complicated ways. Instead, bitcoins are bought and sold on
public exchanges amongst members of the general public who must all obey the same rules. If someone has told you that Bitcoin is a moneymaking scheme, they have misconstrued it--bitcoins follow the same economic model as any other finite
commodity and over time will tend to approach a price that reflects the value people ascribe to being able to use them. People who have made money off of buying and/or selling bitcoins are either lucky or have correctly predicted an increase in demand for them. People who earn bitcoins through "mining" are being paid for verifying and securing network transactions in a highly competitive market. In neither case is any kind of fraudulent activity or confidence scam happening.
Despite the fact that Bitcoin itself is not a scam, caution is strongly advised when entering into transactions with untrusted entities. As with any other valuable commodity, there are many people willing to separate your bitcoins from you in sneaky or fraudulent ways. Remember that for all practical purposes
Bitcoin works just like cash. Bitcoin Ponzi and pyramid schemes do exist and if you fall prey to them you will suffer the consequences.
In addition, bitcoins are still strugling to be proven as a type of money. Because their value depends on how widely they are accepted, they are susceptible to the same types of
economic bubbles as any other commodity that is surging in popularity. Bitcoins should be considered "high-risk" from a financial perspective. You should not invest money into bitcoins or Bitcoin-related technologies unless you can afford to lose it! Even firm believers in Bitcoin tend to think it will take a while for the value of bitcoins to stabilise, and no one knows at what value that stabilisation might occur. Trade and transact safely!
Q: How/where do I buy Bitcoins?A: There are many India Bitcoin exchanges where you could buy Bitcoins. Here's a list of popular known exchanges that are in Registrar of Ministry of Corporate Affairs - India:
- Bitcoin Exchange site : www.coinsecure.in
Name: SECURE BITCOIN TRADERS PRIVATE LIMITED
CIN : U74999DL2014PTC269373
Registered on : 24/07/2014
- Bitcoin Exchange site : www.unocoin.com
Name: UNOCOIN TECHNOLOGIES PRIVATE LIMITED
CIN : U72200KA2015PTC080145
Registered on : 06/05/2015
- Bitcoin Exchange site : www.zebpay.com
Name: ZEB IT SERVICE PRIVATE LIMITED
CIN : U72900GJ2015PTC083609
Registered on : 19/06/2015
- Bitcoin Exchange site : www.pocketbits.in
Name: DEFACTO TECHNOLOGIES PRIVATE LIMITED
CIN : U72900MH2016PTC285381
Registered on : 31/08/2016
- Bitcoin Exchange site : www.bitxoxo.com
Name: BITXOXO BITCOINS ONLINE PRIVATE LIMITED
CIN : U74900TG2016PTC102589
Registered on : 05/01/2016
- Bitcoin Exchange site : www.locabitcoins.com
Forum Rules*
*Need to be authorized by Moderator yet
Bitcointalk forums rules will apply to this Indian sub-forum with following rules:- No zero or low value, pointless posts or threads.
- No Off-topic. Off-topic posts belong to off-topic sub-forum only.
- No link shortners that requires users to view an ad.
- No linking to phishing or malware, without a warning and a valid reason.
- No begging.
- No threats to inflict bodily harm, death threats.
- No embedded NSFW images anywhere.
- No linking of illegal trading sites. Discussion about the sites is OK.
- No duplicate posting in multiple boards.
- No Cross-Posting on another sellers thread.
- No Racist, sexist or casteist posts. Respect each other.
- No Necroposting.
- No illegal trading of goods that are forbidden in India.
- All altcoin related discussion belong in the Alt Coins (India)
- Trading of goods that are illegal in India is forbidden.
- When deciding if a user has broken the rules, the staff have the right to follow their interpretation of the rules.
- Sending unsolicited PMs, including but not limited to advertising and flood, is not allowed.
- Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.
- Insert a [CLOSED] tag to the subject line when your offer is no more open.
- Bumps are limited to once per day (24 hours), this includes "updates", edit is to be used is used for updates.
Guidelines For Indian Child Boards
- Mining (India):
Discussion about cryptocurrency mining in general.
Discussion about problems with mining.
Discussion about mining pools.
- Marketplace (India):
Business/trading with Bitcoin related threads.
- Regional Languages (India):
Discussion of various topics in the Indian languages.
- Press & News from India:
Articles about Bitcoin news from India with links with the appropriate title format.
- Alt Coins (India):
Discussion of cryptocurrencies other than Bitcoin.
This section is full of threads in local languages right now. Expecting a clarification from Moderator if it is ok to post in local language in this child forum.
- Buyer/ Seller Reputations (India):
Discussion of Buyer/Sellers disputes and reputation.
Scam accusations to be made at https://bitcointalksearch.org/topic/m.2552727
- Off-Topic (India):
Other topics that might be of interest to bitcoiners. Perfect place to talk off topic to keep your sanity.
- India - Sub-Forum:
Any topic that cannot be categorised in any of the above child boards is to be posted in this main thread.
India Specific Resources
Last Update: 24/07/2017
I'll be keeping this thread updated with the latest information and necessary resources for Indian Bitcoin community.
- Videos:
- Communities:
- Trading in India:
- Local Bitcoins - An International Online Classified for Bitcoins
- CoinSecure - A Bitcoin Trading Platform
- UnoCoin - A Bitcoin Buy/Sell Platform
- PocketBits.in - A Bitcoin Buy/Sell Platform
- BitXoXo - A Bitcoin Buy/Sell Platform
- ZebPay - A Bitcoin Trading Platform (Available on IOS & Android only)
- ETHexIndia - An Ethereum (Alt Coin) Trading Platform
- Taxation & Legal Resources:
As of now Bitcoin is in the grey spot of Indian regulations ie. it's nor legal or illegal to deal in cryptocurrencies. A circular was issued by RBI suggesting citizens to refrain from crypto currencies. A committee has been formed by the Indian government to study and pass a judgement on use of cryptocurrencies. There has also been some positive response from government official. A guideline/circular is to be issued in coming months by this committee.
- Other Resources:
NOTE: This is meant to serve as a informational thread, this thread is unofficial.This thread is an attempt to create exhaustive list of rules, resources, FAQ for Indian crypto users. I'm open for suggestions on formatting & edits.
