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!

most of the politicians in india are illiterate..
most of them having cases pending in court.

bitcoins wont benefit them, but for the masses it will be good..

most of the politicians in india are illiterate.. --> Thats y they have there money in swis banks , how is it possible ?

People are doing scam in the name of paytm , credit card and now with bitcoin , to really make use of bit coin in indian will atleast take 5+ year not less than that because there is no trust between people which bitcoin lacks.

Even people do not want to use simple paytm app how they will use bitcoin and serve you tea of rs 10 ? yes may be CCD will accept bitcoin but how many of us go there ?

Thanks

China tried to their extreme best to block Bitcoin and they coudn't do it. They finally have to accept it and now they are holding the largest chunk of cryptocurrency and world leaders in mining equipment. They understood that if u can't control bitcoin then better to adopt them for their best.

Now we have a Govt. which is too stupid to understand the concept of Bitcoin.