1. A lot of Indians are starting to get wealthy. Also, many Indians in the US send money home and the situation isn't that great. Sometimes the money doesn't make it for various reasons or the fees are very high.
2. And the Indians bought more gold than any other country, so now that gold imports are regulated, they need somewhere else to put their money that the government can't regulate.
3. A lot of Indians work in high-tech jobs, so the understanding of computers and encryption won't be a big turnoff for them.
So I think that India is ripe for bitcoin.
Topic: When Will India Explode? - page 3. (Read 6510 times)
if only i could find a way to directly extract *usable* energy from heat, thus creating cool.. and energy.. well then money wouldn't be a problem.
Too hot weather for them to mine, think of the cooling issues...
I thought this was going to be a nuclear topic.
Yeah, I was like, "When Pakistan gets nukes, most likely."
Pakistan has been a nuclear power for a while. They have an estimated 100-120 nuclear warheads currently.
http://en.wikipedia.org/wiki/List_of_states_with_nuclear_weapons
I wouldn't be surprised if we start seeing bitcoin adoption on a real level in Africa 1st. (as a payment system, not speculative)
- African culture is already highly mobile. Despite what "we" think, they're reasonable technologically advanced and...
- Already familiar with virtual/mobile/digital payments system and...
- Already familiar with alternative currencies. (Liberty Reserve prior to shutdown)
With a history of failed local currencies, I imagine they might be eager to jump on the bandwagon of something that is less likely to collapse under massive hyper inflation/corruption - especially since it cannot be controlled by whatever corrupt polictician happens to be in play at that time - plus lack of an existing credit card infrastructure may make bitcoin the next logical step in their financial evolution. If handled correctly, this could be big in Africa, could help them enter the global marketplace and help liberate them from their current issues.
We shall see.
- African culture is already highly mobile. Despite what "we" think, they're reasonable technologically advanced and...
- Already familiar with virtual/mobile/digital payments system and...
- Already familiar with alternative currencies. (Liberty Reserve prior to shutdown)
With a history of failed local currencies, I imagine they might be eager to jump on the bandwagon of something that is less likely to collapse under massive hyper inflation/corruption - especially since it cannot be controlled by whatever corrupt polictician happens to be in play at that time - plus lack of an existing credit card infrastructure may make bitcoin the next logical step in their financial evolution. If handled correctly, this could be big in Africa, could help them enter the global marketplace and help liberate them from their current issues.
We shall see.
I certainly hope that is the case - I'd love to see Africa as part of a new economical paradigm, free from the corrupt governments both within and without.
Would be nice. I look at it similar to how China doesn't really have landline phones, they skipped that whole step and went right to wireless. In the same way, hopefully Africa just goes right to Crypto and skips the bullshit -which of course has many other positive implications.
Buttercoin is launching in India next year, if I remember correctly from the podcast I listened to it's set to launch there in Jan-Feb 2014. That should give it a big boost.
I wouldn't be surprised if we start seeing bitcoin adoption on a real level in Africa 1st. (as a payment system, not speculative)
- African culture is already highly mobile. Despite what "we" think, they're reasonable technologically advanced and...
- Already familiar with virtual/mobile/digital payments system and...
- Already familiar with alternative currencies. (Liberty Reserve prior to shutdown)
With a history of failed local currencies, I imagine they might be eager to jump on the bandwagon of something that is less likely to collapse under massive hyper inflation/corruption - especially since it cannot be controlled by whatever corrupt polictician happens to be in play at that time - plus lack of an existing credit card infrastructure may make bitcoin the next logical step in their financial evolution. If handled correctly, this could be big in Africa, could help them enter the global marketplace and help liberate them from their current issues.
We shall see.
- African culture is already highly mobile. Despite what "we" think, they're reasonable technologically advanced and...
- Already familiar with virtual/mobile/digital payments system and...
- Already familiar with alternative currencies. (Liberty Reserve prior to shutdown)
With a history of failed local currencies, I imagine they might be eager to jump on the bandwagon of something that is less likely to collapse under massive hyper inflation/corruption - especially since it cannot be controlled by whatever corrupt polictician happens to be in play at that time - plus lack of an existing credit card infrastructure may make bitcoin the next logical step in their financial evolution. If handled correctly, this could be big in Africa, could help them enter the global marketplace and help liberate them from their current issues.
We shall see.
I certainly hope that is the case - I'd love to see Africa as part of a new economical paradigm, free from the corrupt governments both within and without.
Wonder the traffic https://buysellbitco.in/ recieves.
I thought this was going to be a nuclear topic.
Yeah, I was like, "When Pakistan gets nukes, most likely."
I thought this was going to be a nuclear topic.
I wouldn't be surprised if we start seeing bitcoin adoption on a real level in Africa 1st. (as a payment system, not speculative)
- African culture is already highly mobile. Despite what "we" think, they're reasonable technologically advanced and...
- Already familiar with virtual/mobile/digital payments system and...
- Already familiar with alternative currencies. (Liberty Reserve prior to shutdown)
With a history of failed local currencies, I imagine they might be eager to jump on the bandwagon of something that is less likely to collapse under massive hyper inflation/corruption - especially since it cannot be controlled by whatever corrupt polictician happens to be in play at that time - plus lack of an existing credit card infrastructure may make bitcoin the next logical step in their financial evolution. If handled correctly, this could be big in Africa, could help them enter the global marketplace and help liberate them from their current issues.
We shall see.
- African culture is already highly mobile. Despite what "we" think, they're reasonable technologically advanced and...
- Already familiar with virtual/mobile/digital payments system and...
- Already familiar with alternative currencies. (Liberty Reserve prior to shutdown)
With a history of failed local currencies, I imagine they might be eager to jump on the bandwagon of something that is less likely to collapse under massive hyper inflation/corruption - especially since it cannot be controlled by whatever corrupt polictician happens to be in play at that time - plus lack of an existing credit card infrastructure may make bitcoin the next logical step in their financial evolution. If handled correctly, this could be big in Africa, could help them enter the global marketplace and help liberate them from their current issues.
We shall see.
Bitcoin is getting popular in india these days but now a single bitcoins price is higher than a average indian's one month's salary so most peoples are buying small amounts only.
what about a single mBTC? the transition has to happen sooner or later
Bitcoin is getting popular in india these days but now a single bitcoins price is higher than a average indian's one month's salary so most peoples are buying small amounts only.
If everyone in India starting using bitcoin......
India lags pretty far behind China in tech infrastructure and development, so I'm guessing you won't see the same kind of large-scale explosion there for a while. Though the INR about to implode does put on some pressure.
I just landed in Thiruvananthapuram and will be attending the conference up north in December. Some people were just arrested smuggling gold into the airport here. India is ripe for the coin.
http://ibnlive.in.com/news/thiruvananthapuram-8-held-at-airport-for-smuggling-gold/430003-62-126.html
http://ibnlive.in.com/news/thiruvananthapuram-8-held-at-airport-for-smuggling-gold/430003-62-126.html
Chinese like gold Indian like gold, they both produce poo tons of population.
But the reason btc is doing so well in China pry because the asic chips are made there. And the news spreaded as some Chinese geeks like FC has become multimillionaire in 6 months. China is like btc silicon valley.
Before asic, btc was unheard of in China.
But the reason btc is doing so well in China pry because the asic chips are made there. And the news spreaded as some Chinese geeks like FC has become multimillionaire in 6 months. China is like btc silicon valley.
Before asic, btc was unheard of in China.
ASIC was only a weapon, the ammo is the Chinese culture.
Chinese like gold Indian like gold, they both produce poo tons of population.
But the reason btc is doing so well in China pry because the asic chips are made there. And the news spreaded as some Chinese geeks like FC has become multimillionaire in 6 months. China is like btc silicon valley.
Before asic, btc was unheard of in China.
But the reason btc is doing so well in China pry because the asic chips are made there. And the news spreaded as some Chinese geeks like FC has become multimillionaire in 6 months. China is like btc silicon valley.
Before asic, btc was unheard of in China.
It must be getting tense in India with the pressure on the Rupee and limits to Gold imports.
With the Chinese driving the bitcoin market at breakneck speeds now, I'm kind of wondering when India will "jump on board".
Does anyone know much about the Indian market and have any thoughts on what is happening or will happen there?
Does anyone know much about the Indian market and have any thoughts on what is happening or will happen there?
I bet the reason you think of India because of its population is second to China, so the effect would be the same huh?
You're so wrong its not even funny. This is why the Westerns still dont understand crap about Chinese and its country,
He did not even make a statement, so how can he be "so wrong its not even funny"? You are a fucking idiot, no wonder you have so many people ignoring you.
The fact that he thinks they still havent jumped on board....Also read the damn title idiot.
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