I'm not surprised with your understanding as you have background and long track experience in financial field. I'm glad someone is willing to discuss with open mind. I look forward to any question you have.
Thanks!
We are all willing to discuss if you have any points at all, but all it seems you have background and long track experience in, is trolling.
Like, Anybody not voting for BJP -> not for development
Anybody who doesn't agree with BTCIndia -> not open minded
Indirect ridicule as defense mechanism works in following 2 cases both of which won't work here:
1. If your followers can beat up the other party's followers. (Won't work because trolling without evidence is not in majority here yet)
2. When people's direct identity is involved. In ordinary matters of inquiry into events that yield confounding and contradictory evidence, people might defend or attack the evidence. But they do not ridicule each other. (On this forum, even if you do that it doesn't matter because most identities are pseudonymous.)
Let us argue sensibly.
I have only one question from you :
How do you propose to contain a cryptocurrency to a national boundary, without a central authority?I never suggested a cryptocurreny limited to national boundary. Instead, I suggested a national crypto-currency initiative by national participants(government and private participants). Where government is monitoring authority and group of people its engine.
Next questions is what advantage it would have? Think of Ola Cabs standing against Uber. I'm not telling world to switch Ola.. but we must strive to make ola an important company. So that, whenever tourist or people interested in India are here.. they think of Ola and use .. not uber.(Power of 1.2 billion)
What that would do?
Uber valuation is somewhat $40 billion dollar and growing. Its maximum potential is in India. So if India rejects, I guess it would put down its valuation by someone what $5 billion dollar. Its not just Uber everything related to Uber is its technology, its R&D, analytic, satellite navigation, petrol utilized .. everything is foreign origin. Now, think yourself as early share holder of Uber.
What would you do? I"m sure. If you've self-interest and wish to promote consumerism then you'd actively promote it nationwide. Else, if you're early adapter then probably you understand, what impact you'll have and therefore support/boost Ola...so that its can have initial momentum(a chance to compete).
I've tried to explain in metaphor to keep your imagination going. Later, I'll come to some technical things that I'm firmly believe would happen.