...Modi modi Jaitley Jetlee Rubi Rbi ....
It seems like you are the one who understands very little about the implications of blockchain.
Let me dumb it down for everyone.
Bitcoin = More money syphoned from the mainstream economy into an untraceable and
un-taxable system. = Bad for business.
Like it or not, India has made a business out of governance. They are
taxing people to death. Now offcourse, I understand that the death for tax incidence in that link was an exception and not a rule, but you get the message. Taxes are high here. And this is a business. Bitcoin or any crypto, HURTS that business.
Now blockchain.
Think of it like a really advanced ledger system, the likes of which didn't exist before. They did come close in some instances like the one I talked about here :
How close did they get to Blockchain before it's 'invention'?In our country, cases of duping the system has always existed, for instance,
Electronic Voting Machine (EVM) tampering, duplicate bank accounts, duplicate pan cards, multiple ration cards, multiple ID proofs in different state etc etc.. all of it can be quelled directly with the decentralized integration of a
blockchain like system.
Was that dumb enough for everyone?