Re: India may ban Bitcoin

Why India ban bitcoin? this is good! it can be developed for future.

lack of knowledge and awareness doing the damage, not bitcoin!
Tell the reasons why bitcoin is good for Indians ?

1. No Trace : Good for politician and block money
2. No governance : MLM company and chitfund companies will do fraud with it
3. No Trust : Seller take your bitcoin and never deliver the product or you have to use escorw services which again take fees like paypal etc
4. Mining : No average user is able to mine it now

Thanks

lack of knowledge and awareness doing the damage, not bitcoin!

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There is no lack of knowledge , one who is using this forum should not have lack of knowledge at-least

There is no way government is going to legalize it , no government is going to legalize it because bitcoin is widely used to hide blackmoney and ransomeware

Government will legalize the use of blockchain but not bitcoin , Before bitcoin in year 2007 paypal is legalize with attachment of PAN and withdraw funds in a week after receiving it and you cannot spent via paypal what you received (That Time Congress is ruling)

Now with Mr Modi with strict hand to hand with Black money 99% no legalization of bitcoin .

Thanks