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  • Profile picture of Bluenose

    Bluenose posted an update 5 years, 2 months ago

    Does the government of India want to control the company store, or are they working on someone else’s behalf? I know diddly squat about crypto currencies or block chain technology.
    https://techcrunch.com/2021/01/30/india-plans-to-introduce-law-to-ban-bitcoin-other-private-cryptocurrencies/

    • Profile picture of Peter
      Peter replied 5 years, 2 months ago

      Hello. I have been in the blockchain world for a while now. I have been trying to sound the alarm –> https://clearwater-trust.com/blog/new-world-order-digital-currency-vs-bitcoin-vs-monero-know-what-is-about-to-happen/

      • Profile picture of dogsbreth
        dogsbreth replied 5 years, 2 months ago

        I think we are seeing the beginnings of government crackdown on the use of cryptos for a couple of reasons:
        1. they are not under the purview of the particular government, and cant be easily tracked and taxed
        2. these governments want to reserve the right to own their own currencies for their own reasons – mostly tax, but also for the power it affords
        3. You aren’t allowed to ignore government demands becuase they are in charge.

        As much as I distrust the notion that cryptos are immune from tracking, governments do have the problem that these transaction mechanisms chew away at the totality of government control of the currency.
        I rather like the idea CAF promotes that kids should be taught encryption methodology so as to encourage a plethora of cryptos that would drive the overseers crazy trying to track them all.

        • Profile picture of Michael
          Michael replied 5 years, 2 months ago

          Thank GOD for mother India. They are exercising intelligent control and reserve while using common sense by outlawing valueless currencies that only hold their weight in a trans humanistic A.I. world view. Right now they have their hands full in dealing with the disgruntled farmers. One of the largest protests we have seen in my lifetime of 250 million farmers who protested in the streets in dec. Practically no western media coverage of the event. Why? It didn’t fit in the COVID narrative of fake science.