Why is bitcoin popular in India - RBI’s version of it will never work


SUBMITTED BY: tanishqjaichand

DATE: Sept. 25, 2017, 2:09 p.m.

FORMAT: Text only

SIZE: 2.9 kB

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  1. Imagine a country that is a big economy and is a Santroitist regime. Regardless of the complexes and arbitrary rules and regulations that are intended to jeopardize the non-elitist sections, this place is rich. Each one has to get an internal passport. Censorship and surveillance are all inclusive. Bank accounts can be deposited in accordance with the wishes, property is confiscated on one wave
  2. Must recover lost, but non-elite square princesses, children to marry, and also to allow small children and anything to do something simple like running on the business. Those who have become wealthy, sometimes helpful, if they want to collect around and around in the past, but for the course, it is a criminal offense to move into banks and transfer to local currency.
  3. How do they do it?
  4. Dealing with things like things, buying crystals in local currency, then foreign exchange in foreign exchange. Although they do not make profits, they will be at least some foreign currency owners, who will be kept in mind for the exchange rules.
  5. Let us say that there are some lines of query code? So buy some lines of computer code in local currency and sell these lines for foreign exchange.
  6. Even better, if they can do this in an unknown way in this transaction, then it will ensure that the snooping officers will not be able to get the knowledge of foreign currency due to their hiding.
  7. Welcome to China (do you think I'm talking about some places?), Welcome to Bitcoin, Atom, Light Coin, and others with a big rich nation currency control and one-party government - computer code which That are curios and crypto-currencies.
  8. Bypass the currency rule
  9. bitcoin sure is the most popular and old of this virtual currency. And, not only Wikipedia, that is widely known to be bypassing mass exchange control in China, but also in Greece and other places.
  10. Bitcoin Daily reportedly did not begin to bomb the Indian currency in 86% of the 86% of currency notes on November 8 - The business volume of Wikipedia only comes this year that bitcoin has become the most popular curreny in India.
  11. Some estimates suggest that after the US dollar and yen, rupee-distributed Bitcoin trade has generated the third largest quantity.
  12. Bitcoin has been for so many years and its codes are open source. But many people do not understand how it works. [Please go to the end of the article for a brief description)
  13. At international level, bitcoin business is on many financial transactions and they have increased prices during the last year. Most exchanges, to some extent, "inspire their customers" or emphasize the details of KYC, for example, the sole person can be the owner of multi-paras, in which coins are arranged. It is possible to donate, so it is impossible to understand who sold it, when it is high, The reasons for underlying trading are unclear - it is known that a coin is taken from one wallet to another.

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