Re: And now, a desi digital currency in the offing-Laxmicoin
Something that has been running through my mind is a foreseeable co-operation with current regulatory regimes until these regulations change.
What makes Crypto so invaluable is the speed at which it can adapt to the system and make a change.
Honest opinion of Laxmicoin:
It bridges a gap. A gap that can be covered quite well with a campaign for an Indian coin. Cannot do non-premined Indian specific crypto coin.
It is not a long term coin
.. We are behind those technologies now, but there will be a market for this for the next 5 years atleast.
If these are the options that you guys are considering as well, then I would kinda like to 'wait and watch'. There are several used cases for this kind of currency/ technology and it would be good to see how it works.
1 big problem that you guys will face is that once you'll get a legal framework in place, Ripple will take over that space
What makes Crypto so invaluable is the speed at which it can adapt to the system and make a change.
Honest opinion of Laxmicoin:
It bridges a gap. A gap that can be covered quite well with a campaign for an Indian coin. Cannot do non-premined Indian specific crypto coin.
It is not a long term coin
.. We are behind those technologies now, but there will be a market for this for the next 5 years atleast.If these are the options that you guys are considering as well, then I would kinda like to 'wait and watch'. There are several used cases for this kind of currency/ technology and it would be good to see how it works.
1 big problem that you guys will face is that once you'll get a legal framework in place, Ripple will take over that space