Kay vatate apalya survana ?
Kya lagta hai apko ?
What do you guys think ?



https://bitcointalk.org/index.php?topic=5098702
https://bitcointalk.org/index.php?topic=5099266

 

Any person who uses Bitcoin and have some technical knowledge can start "LIME" at zero cost whatsoever.

If you are going to operate it locally then its good. I will suggest start local and dream global. You will help local community grow. I have just posted this you should take a look. https://bitcointalk.org/index.php?topic=5099266.

I have been doing it for past 2 years and you can do it too.

LIME is an exchange just for local non-technical people in your neighbourhood or community. For peoples who lack the knowledge about blockchain. This will save people from sending their personal and financial information to some offshore exchange with zero liability. Through LIME Non-technical people in your community can depend on you for a reliable source of liquidity. This will generate trust in the general public for bitcoin. You can build a good local user base and help bitcoin ecosystem. More awareness will lead to more acceptability. If the majority of people accepts it no government can reject it. Start local dream global.

There can be thousands of such LIME's operating in any country. This will distribute the probability to get hack. One big exchange will always become an easy target for hackers. Big exchanges can be seized by the government or owners can bail out. But the government can't arrest thousands of independent LIME's owners this will create an uproar. If a LIME cheats its community members and bailout it will not affect the whole system and cheated community members will at least know who cheated them rather than a web page saying "we have been hacked sorry."

There are lots of fiat currency exchanges other than traditional banks but why there is no such LIME's at tourist destinations. LIME is the only way to build trust for non-technical peoples.

Online P2P exchanges are good but also require technical know how.
A local p2p exchange is sometimes risky and also require technical knowledge to handle wallets.

Through LIME, I want to bring technical and non-technical peoples together. And this is my mission. If you need more details on how to start a LIME at zero cost whatsoever just PM me.

Me and 3 others have started LIME's for our communities you can too.
I have written a post on how my village farmers now invest in bitcoin its lengthy but you should read it to the end. https://bitcointalk.org/index.php?topic=5098721


DISCORD server (LIME_talk) : https://discord.gg/892x9Mk
ICQ : 744936406

I agree. I would like to add two more point.

• We live in communities and we are responsible members of our society we are not machines or robots. Non-technical people need some one to trust upon for what they might have no knowledge of. Money is basic requirement so they trust banks to work properly, like you and me depend on farmer to grow good quality crops. Bitcoin is like freedom but freedom as in "You are free to build your own road to your university." or "You are free to take up law against person tried to kill you.". People are good in doing what they do best. If you ask a APP developer to build road or a bridge over sea he will fail.
• Their are no local exchanges, People have to depend upon offshore exchanges with zero liability. They have to send their personnel and financial information to this offshore exchanges. P2P exchanges are the boon but only for technical person. And majority of people font care about privacy and freedom as long as they are not doing anything illegal.

People should take up initiative to start Local Independent Micro Exchange. LIME is an exchange just for local people in your community. This will save people from sending their personal information to some offshore exchange. Through LIME non-technical people can trust you and get introduce to bitcoin. Let the local ecosystem grow and everyone will follow.

I did it so can you.https://bitcointalk.org/index.php?topic=5098721

Thank you, I always say start local then dream global.
Yes we need to connect with non-technical people and help them. With our support they will learn more quickly. We should not scare them initially. People take risk just that the risk should justify the reward. People Gamble at Las Vegas but they also know House always wins.

Our LIME ideology was based on this concept to engage non-technical people and build local trust. Many people have to send their personnel and financial details to some offshore internet based exchanges who have zero liability while their owners are safe in their million dollar mansions. Big exchanges can be hacked as we have seen already. They can bail out any movement. They can be sized by the government any time. An insider can leak data. Major exchanges can steal your money by manipulating exchange rates and volumes and when they make losses they say we have been hacked.

The General public who after 12 hrs of job and 2 hrs of commute, they just want to swipe a card buy a beer go home and relax rather than search for their private keys. They don't care about privacy they just want their beer to be chilled. Privacy is for someone who wants to buy underage, restricted and illegal stuff. I might write a new post on these.

I want to request traders, rather than trading on big exchanges start a LIME. Trade with your local people all you need is 2 sketch boards and a marker for your BID and ASK rate, you can start in your garage. If anybody would like to talk about it.
Discord Server : https://discord.gg/892x9Mk
ICQ UIN:  744936406

Yes they don't know how to start with it. We should make things simpler for non-technical peoples.
https://bitcointalk.org/index.php?topic=5098721

I know its not that easy. But why not create services for general public like the banking service you talk about. And for those who want freedom and privacy who are master's of blockchain they can handle on their own. This will ease the burden from Non-technical person and more people can be part of bitcoin ecosystem. This kind of services we are providing in our village not complete banking but we help with creating paper wallets and how to use them.

We too have taken up initiative to promote bitcoin and connect more people with bitcoin.

Just because you sell stuff, may i ask you.
Would you be interested in starting a LIME.
LIME - Local Independent Micro Exchange.
Let me get it clear - LIME is an ideology and not a product.

An exchange just for local people in your neighborhood, community or even tourist places. This will save people from sending their personal information to some offshore exchange with zero liability. Through LIME you can provide people with liquidity and most importantly you can introduce them to bitcoin.

I have written a post on how my village farmers now invest in bitcoin. https://bitcointalk.org/index.php?topic=5098721.0

I don't completely disagree with you. while about computers and tablets, only 1/3 of world population might has access to internet. So its basically long way to go.

Yes we should not scare people. People can learn fast now-a-days.
Cant their be bank alike who will handle Bitcoin same as fiat for people who are less technical, because that's what our next step will be.
Can i just ask will you ever start a Local Independent Micro exchange just for your neighbourhood or community. This will save people from sending their personal information to some offshore exchange with zero liability and people can trust as i trust my bus driver.

Governments are elected by people. If majority of people want bitcoin no government can do any thing about it. They cant jail half of its population. Unity is power. Before that creating acceptability in masses is the most important requirement. We have take an initiative in our village. https://bitcointalk.org/index.php?topic=5098721.0.

People think starting big online exchanges serving the world, we created Local Independent Micro Exchanges (LIME) with zero cost in our villages. Government can jail single big exchange owner but can jail all small exchange owners. One big exchange can control and manipulate exchange rates but LIME's are independent to set their own prices which can be accepted or rejected by general public. General public are free to go to any LIME's who can give better exchange rate. Now my village farmers who are uneducated can invest in bitcoin.

Yes, how internet browser eased web surfing, Bitcoin applications will do that for bitcoin.
I think daily use of bitcoin is something which is not going to happen very soon, it has some more years.
Till then it will be used for investments and trading, like gold buy it and keep in locker.
I tell who every come to our LIME keep red part (private key) of paper wallet in manpocket and green part (public key) in you front pocket. Most of them are uneducated but they trust us and we keep that trust.

I do agree with you. I am just afraid that cryptocurrency community has portrayed bitcoin as only for a technical person to use, which I feel is absolutely wrong. For a regular person its like "Dude you will never understand blockchain stay away from it.".
During initial days of internet hackers use to hack email inbox with just modifying the URL with other username, that didn't stop people from using email without technical knowledge. They will be hacked once may be twice then they will know how to save their wallets and  what precaution to take.
I believe let people learn from their mistakes rather than discourage them from beginning.

• Lack of acceptability by masses.
• Lack of local reliable exchanges. Has to depend on offshore exchanges with zero liability.
• All personnel information has to be given to Offshore Exchanges.

I think some people should start Local Independent Micro Exchanges, initially just for friends and family then for neighbourhood or community. This will introduce the general non-technical people to bitcoin. This will slowly grow the user base. The general acceptability will increase, bitcoin valve will rise and market volatility will reduce. https://bitcointalk.org/index.php?topic=5098721.0

Is BTC completely banned in your country or is it consider illegal tender.

I came across a lot of thread where people say "Lack of technical knowledge is the reason why people don't use bitcoins". I need to know why such people think technical knowledge is required to invest in or adopt bitcoin.

Let's say, professor of Arts is given a laptop without any working internet browser can he surf the web. Majority of us cant. The browser makes it look easy. Some of the non-technical people might not know what tls_ecdhe_rsa_with_aes_128_gcm_sha256 Connection encrypted is, that doesn't stop them from banking online.

I don't know what technical knowledge is required to fly an Airbus A380 but I have been a passenger of one, I took the risk and trusted the driver(pilot) to be not drunk.

What normal person consider is risk to reward ratio, how much he will be benefited for taking that risk.  Even while switching a job you might face unemployment but your new job might pay you more.

And assets like gold are consider safe because of its acceptability by masses and not the technical knowledge required to refine gold ore.

I have written a post on how I introduced my village farmers to bitcoins. My village farmers cant even read their bitcoin paper wallet they only know its valve and risk of investing in it. https://bitcointalk.org/index.php?topic=5098721.0

I agree stability is needed but easy access to liquidity during highly volatile market is also more important.
Take a look at my post about how my village farmers now invest in bitcoin.https://bitcointalk.org/index.php?topic=5098721.0

I disagree with your second point about Lack of technical knowledge. I have no knowledge about how Gold ore is mined nor do I have technical knowledge about refining the ore to get gold. Only thing I know is Gold is appreciated by the masses and my investment in gold will always have some value.
I have written about my hardship faced while explaining my village farmers about bitcoin please read my post https://bitcointalk.org/index.php?topic=5098721.0.
The main problem of any cryptocurrency is that the community expect everyone to be a software engineer or technology expert. Now my village farmers don't know what is internet but they have a bitcoin paper wallet. They can't even read it but know its valve.

Hello, I belong to a small village situated in the Konkan region of India. I am a software engineer. I first came across cryptocurrencies during 2013, when I was offered bitcoins to code a python script. I rejected the offer. Honestly back then, I didn't find cryptocurrencies to be much of a use in my day to day life, as it is an illegal tender in our country. I consider it as a commodity. On the brighter side, I am much more fascinated and interested in blockchain technology upon which cryptocurrencies are built.

During late 2016, In my village which has a mere population of 790, and the majority of them are farmers or carry out works related to farming. I noticed certain situations in which our local community of farmers could make use of cryptocurrencies. At first, I tried introducing Bitcoin to my fellow villagers, which failed miserably as none of them could understand technicalities associated with Blockchain. After many such failed discussions, I learned my lesson. What I learned was, during this discussions the majority of my audience were farmers, who dedicated their life to produce one of the essential requirement to sustain life. They don't care how Gold, silver or copper is mined and refined, they are interested in its aesthetic value. Similarly, a regular person doesn't care how blockchain works he might be interested in its currencies and their exchange rate, but more importantly he cares about its appreciation and acceptability by the masses. I changed my goal. Now my goal was to actually make someone buy bitcoin.

With my new goal in sight and a few days of constant preaching and advocating, two elite members of our community agreed to buy bitcoins. First Bitcoin was brought from a guy in Goa, which is almost 150 km (approx 100 miles) away from my village. Buying Bitcoins without an Exchange is very difficult, time-consuming and non-standardised. Most exchanges are offshore and have no liability. During May 2017 as the price skyrocketed demand for bitcoins increased dramatically. Peoples from neighbouring villages also got interested. This was still very small scale, and only elite members of our community would participate.

During late 2017 when the exchange rate was climbing and breaking its new height, everything felt ecstatic. Then came the drops which was very much expected as a market correction. During this phase, few members raised concerns over available liquidity. Finding liquidity during highly volatile market was a major problem, and needed to be addressed as soon as possible. Even assets like Gold and silver can be easily liquidated at any local jeweller. A need for reliable access to liquidity paved the way for a Local Independent Micro Exchange (LIME). A LIME provided a platform where buyer and seller can independently trade. Members are benefited with unified communal trust and security provided by the LIME, while a LIME is benefited from the bid and ask spread. To increase access to liquidity, four such LIME's from neighbouring villages came together to form an alliance. Through this alliance, LIME's provide liquidity to one another.

Currently, all transactions within alliance are done through manual coordination, which is not efficient and neither scalable. In Aug 2018 alliance members decided to set up a digital network for handling transactions efficiently and securely. This network will also provide scalability. As of 15th Jan 2019, we are at the end of alpha testing and looking forward to beta test this network.

I know there are lots of such communities around the globe, where people are unaware of cryptocurrencies. I want to bring cryptocurrencies to those people. My vision is to create abundant opportunities for reliable exchange of cryptocurrencies for the general public. Our alliance shares the same vision, while it's mission is to build a trust network of Local Independent Micro Exchanges to facilitate a systematic cryptocurrency exchange.

If anybody who might read this, I want to make an appeal to you, just look around yourself within your community, your neighbourhood or your village, there are a lot of people who can be benefited by such LIME's take this opportunity to engage those people.

I thank all the readers for their valuable time. Thank you.