Post
Topic
Board Speculation (Altcoins)
Re: Crypto is not a legal tender in India
by
Red.
on 02/02/2018, 08:52:32 UTC
My Dear friend.

As of today, bitcoin is not legal tender in any country, let alone it being declared illegal.

Bitcoin has grown on the premise that it belongs to no country. In fact if you have read the original satoshi whitepaper, which I highly reccomend if you have not. You will see how it is in response to the fiscal irresponsibility of countries especially the USA that crypto currency has evolved.


The good news is none can BAN you from using cryptocurrency. They can ban organized exchanges etc. IN that case there will always be market makers; like it happens in private limited companies stock.


I think it is important to have a way to trade value with fellow humans without worrying about what exact currency I am holding and whether it will become worthless because of inflation.

wishing you peace.