Seriously? Blockchain tech has been around since the 80s, although the buzzword gained prominence only during crypto mania. There’s certainly merit in the tech, but it can move on by itself without Bitcoin.

Yes, encryption, chaining, merkle trees, etc have been there since the 80’s. Proof of Work was proposed by Adam Back, published in 2002, which has been referenced by Satoshi. Satoshi’s genius lies in putting all pieces together to create a decentralized, censorship resistant money. But Bitcoin needs a certain level of internet penetration, as well as improvements in network speed, storage, and computation. So even if somebody invented Bitcoin in the 80’s, a practical implementation would only be possible in the 2000’s. Its similar to how neural networks were proposed in 1975, but without all that data and computation power, the present ML applications would not be possible earlier.

Mixing money with tech only leads to perverted incentives, lack of innovation and stagnation.

Banning experimentation in the market, fixing price through decree instead of supply demand dynamics in the market is what leads to lack of innovation and stagnation. Development of human civilization to the current point was only possible through capitalism and at the core of capitalism is a common unit of account which is money. But if the value of money is given by fiat and not through market dynamics, then is it still capitalism? Ergo, free money is probably the greatest invention of all time.

I only see price rising. Where is the mania? Surely this thread won’t be so dead if there was a mania.

I am rooting for Bitcoin due to my libertarian views, but couldn’t build any meaningful allocation to bitcoin. Certain government remarks back in 2017-18 created a strong negative perception of Bitcoin in India. The result, as you can see, there is no reliable and trustworthy means of getting bitcoin exposure in India. The biggest exchanges like WazirX and Zebpay moved abroad, including founders, core employees, and their families. They can very easily run away with customer funds, As such, it is risky to do high value transactions with them. Same with peer to peer trading. I am waiting for perceptions to change and more clean and transparent means being available. No doubt change will come. We cannot afford to keep falling behind like this when the rest of the world is moving ahead. Hopefully this won’t be a repeat of history where the world moved to the gold standard while India, China remained stuck on the silver standard.

Recently I came to know how easy it has become to take exposure in US markets from India by using IndMoney. Apparently Microstrategy is also listed on it. Taking bitcoin exposure by buying a US stock through SEBI registered Bangalore based startup which is being used by many retail investors in India – it couldn’t get any cleaner than that and I don’t think there is any better way of building meaningful exposure. Unfortunately, I didn’t know about it a year earlier. Now the stock which used to trade at discount to its bitcoin holdings during bear market is trading at over 50% premium. So I plan to wait until the next bitcoin crash.

Ayurveda research study done by Vaidya Sane published in Asian Journal of Cardiology
Research. Link to the release here.

Link to the study: Impact of Ayurveda-based Panchkarma Therapy in Change of the VO2peak in Congestive Heart Failure Patients – An Observational Study

The company keeps on pushing its research based treatment in Ayurveda.

Are you asking if forex exchanges can be banned? If someone can access digital dollars or USDT, they can buy/sell bitcoin on any crypto exchanges.

So far no country has ever saved their depreciating currency by banning forex exchanges. It only becomes more difficult with USDT in the mix. Currently, Nigerian government is trying to do the same to save Naira. The only thing such bans do is to create black economy and corruption. Moreover our currency value depends on our dollar reserves, and if those dollars themselves are depreciating against bitcoin, our currency will still depreciate even if we manage to somehow stop all private forex exchanges.

It is also possible to cover many private expenses using bitcoin and without using any exchange in many countries including India. I am not sure if it is legally possible to stop people from trading goods and services for bitcoin without encroaching upon individual rights.

Besides, is there even a reason for the government to oppose bitcoin to that extent?

The impact of the regulation depends on how it is implemented. Unless we know it is hard to tell. The worst of the worst case scenario is going back to nationalization which is the stone age. The best case is provide insurance and not control prices. Between the two there is the option of more good quality public hospitals too.

I reckon government would not want to take the worst case scenario and would probably invest public hospitals or improve insurance coverage.

Are you sure of this, why is the mgmt not replying?