10 Years Jail for Buying, Selling, Mining Crypto-currency in India: New Bill

[Reeves81x]

Sorry folks, making money is now exclusive to the rich who keep their money in tax free heavens. We can't allow the poors to be making free money on their computerwahoozits.

Because of this kind of bs. Get rid of it.

Wow, India's harsh. Cryptocoin being compared to Murder and Rape? Something about that just seems "iffy" to me.

well... crypto is used for paying for murder and similarly horrible shit anonymously, sooo. You gotta wonder about people who fight for it.

 

[lexluthermiester]

well... crypto is used for paying for murder and similarly horrible shit anonymously, sooo.

Like any other form of technology, it can be used for crime. However, you're making a mountain out of a mole hill with that point.

You gotta wonder about people who fight for it.

No, I really don't...

 

[RichF]

well... crypto is used for paying for murder and similarly horrible shit anonymously, sooo. You gotta wonder about people who fight for it.

A lot of murder is paid for with conventional currency. The last time I checked, most arms sales are not in crypto.

 

[Reeves81x]

A lot of murder is paid for with conventional currency. The last time I checked, most arms sales are not in crypto.

crypto is a currency made for evading the law... I don't know how anybody could dispute this undeniable fact.

 

[RichF]

crypto is a currency made for evading the law...

As I said before, Japan is beginning to phase out cash. Some believe that cash shouldn't be used because it's used to evade the law, including tracking. It's debatable, though, isn't it?

 

[Reeves81x]

As I said before, Japan is beginning to phase out cash. Some believe that cash shouldn't be used because it's used to evade the law, including tracking. It's debatable, though, isn't it?

Debatable yes, hell i never use cash i usually use debit, But thats all traceable. if you can't "follow the money" there's a reason for that. I'm not big on government control, But crypto doesn't seem like a legitimate currency, and the world governments are beginning to realize that it has become a haven for every illegal activity on the face of the earth. And it needs to be regulated properly and if it can't it needs to be banned.

 

[R-T-B]

well... crypto is used for paying for murder and similarly horrible shit anonymously, sooo. You gotta wonder about people who fight for it.

So is like, every currency ever. That is a nonarguement. If you think someone is using crypto to pay for murder, how about charging them with ... I dunno, "Murder" kinda seems appropriate. We already have laws for that.

if you can't "follow the money"

Blockchain is literally a big long file with a money trail. The problem is everyone is a number. It has nothing to do with trackability and everything to do with identifying the users.

crypto is a currency made for evading the law...

Oh come on, that was in like, 2013. That doesn't happen much anymore because exchanges now enforce KYC laws that make crypto unattractive to criminals in a major way. Why? Because when the users are identifiable, crypto is actually less anonymous than banks.

No, I really don't...

Thanks. Sometimes I wonder how people judge me for just using internet money... (The frog avatar probably doesn't help. Please stay away, I'm not a witch!)

crypto is a currency made for evading the law... I don't know how anybody could dispute this undeniable fact.

Looking at the tech might help you start.

 

[lexluthermiester]

crypto is a currency made for evading the law...

Incorrect, crypto is just digital currency. And honestly, cash is better as it's almost untraceable.

I don't know how anybody could dispute this undeniable fact.

Easy, it's not a fact. It's total nonsense. India might be banning it, but many governments around the world are accepting/using it. As that use continues, crypto values will stabilize.

Thanks. Sometimes I wonder how people judge me for just using internet money... (The frog avatar probably doesn't help. Please stay away, I'm not a witch!)

It's debatable, though, isn't it?

Very.

 

[Reeves81x]

Merica! lmao!

 

[medi01]

India: Hey Zuckerberg!
Zuckerberg: sup?
India: F*ck you!!!

 

[R-T-B]

Merica! lmao!

Cool story bro. Unsure how related though... is it the 4th of July already?