BREAKING: "India’s parliament is due to discuss the potential introduction of a law to ban private cryptocurrencies such as Bitcoin in the

Remember when everyone thought Bitcoin was just silly money.

Now all these governments are running scared.

Eer sorry to break it to you Indian Palriment, but BITCOIN has a public ledger! it is NOT PRIVATE! repeat NOT PRIVATE! morons!

Good luck with that. It's literally impossible to ban it, when it's freely available across the globe.

India like other countries are pursuing their own CBDC.......bitcoin just gets in the way....

many countries have tried to ban it... its literally impossible.

y'all are delusional.

If you can't spend it or use it anywhere... wtf is the point.

"store of value" is a bullshit answer. the only people that like bitcoin are sweaty nerds who hype each other up all over the world.

You could buy all kind of things with it and still can. Even those you can't buy with your digital credit card, cash or gold.

if govt. bans the use of btc for transactions then no you cnt.

govts. will start to implement transaction taxes on crypto and service fees will make using btc over fiat pointless.

buying a water bottle in btc would end up being more than if you used fiat. mark my words.

TPTB will do everything in their power not to allow a purely anon transaction with crypto to happen in the future.

the rug will be pulled under BTC. When it hits 100k it'll tank down to reality faster than you'd be able to get out.

India govt is scared of crypto because they will lose control over their people!

India hates it because Indians are purebred tax cheats. They are also trying to ban paper money because everyone cheats the taxman there and good for them. Keep up the good fight you filthy Indians

But you can with apps like FLEXA

you are out of touch

If each country has their own CBDC Central Bank Digital Currency. Is there a solution on exchanging it for another currency. Fiat or another digital currency?

Is there a solution that transfers it fast , secure, inexpensively, and settles the transaction with in 3 seconds...

Maybe .....

You should make a fortune then since you already now how it will play out.

I was in India when the demonotized some of their currency to fight fraud —- it was a huge mess and some people even died. Believe me, it’s not impossible.

India is looking into this out of concern it may interfere with the rollout of quantum finance.

I think it is because of how much China holds and creates through mining.

The transactions are public, but the identity of the person transacting is not stored on the public blockchain.

No way for govts to know that unless is declared.

You mean XRP?

Sure they can ban it, use some critical thinking. All they need to do is disallow businesses operating within their boarders from accepting it as a legitimate form of payment. And if multiple large nations do that, and you cant use bitcoin to buy anything, its value will eventually reach zero.

Or, to put it another way, bitcoin will attain its true intrinsic value: zero, because its literally nothing but a poorly implemented theoretical idea that can only stay alive as long as the illusion that it has value remains.

I mean I guess you could say that about all currency, but bitcoin is a particularly egregious example of something thats completely intrinsically worthless, but is given value due to a lack of understanding of how worthless it actually is.

BTW, were not a bunch of you goofs talking 5, 10, even 15 years ago about how all currency is going to digital and be easily controlled TPTB? But as soon as you think a digital currency has come around that the public controls (not even remotely a correct ascertainment, but whatever), then its all good?

Are you for real? Bitcoin is NOT a private cryptocurrency. It's actually the least private one.

Your balance and all your bitcoin transactions you've ever made are recorded forever and visible to anyone in the world to see at any time if they just know your public bitcoin address.
Don't believe me, look this up for yourself.

To track bitcoin and their users is a piece of cake.
Here's an article of how some dumb people used bitcoin for illegal activities thinking that they used "private" currency and got caught immediately: [link to news.yahoo.com (secure)]

Stay as far away from bitcoin as you can if you want to have financial privacy and if you don't want random people to spy on your finances.

There is a real privacy oriented crypto currency which unlike bitcoin is also fungible (no tainted bitcoins and sh*t like that). People, do some research! Don't dive head first into things you know little about only to find out your finances exposed to the whole world to see.

Do you know what a coin mixer is?

Do you know how to swap BTC for another privacy coin and then back into BTC. It's call washing your BTC

Quit spreading Yahoo FUD

Stay poor and stupid.

That's OK. Injaa tried to do that with GOLD a few years back. 1.4 BILLION people and quite a few animals too just said, " fukyou."

Whether you like it or not, that's the truth. No FUD here. I posted the Yahoo article just to give a real world example of how bitcoin is severely flawed in terms of privacy. Let's be real, the vast majority of people using bitcoin have no idea whatsoever how to stay even semi-anonymous with their bitcoins.

The problem is that bitcoin doesn't have built in privacy by default and you have to jump through hoops and always have impeccable OPSEC to make sure you don't reveal your bitcoin finances. Not something the your everyday person will do. Let's be real, ain't nobody got time for that unless you're some super-nerd.

You personally may know how to stay semi-anonymous with mixers and tumblers and have an impeccable bitcoin OPSEC, but you're in the tiny minority of people that do. As I already mentioned, the vast majority, probably >90% of people, are absolutely clueless and for those people using bitcoin is posing a real danger to their privacy.

BTW, you can still be tracked and spied on even if you use mixers and other obfuscation methods. It's only harder and takes more time and work, but it's not impossible. Oppressive governments and malicious entities with enough resources will be able to track your bitcoin finances. Why always be on your toes and be afraid that you will slip up and fail in your OPSEC when there are real privacy oriented cryptos that make protecting your financial privacy so much easier?

Private as in ANONYMOUS.

Just stop. It is another fiat money scam done by the same people. The main purpose of bitcoin was to have a transaction medium to run black ops.

I hope India bans them all. A Nation must have control of its currency or else it is not a nation.

They have been accumulating gold like wild fire for decades. They have been positioning for getting out from under the Rothschild thumb. Also they already got rid of the fake Indian pedophile Ghandi family from polititics.

They understand the deal and will survive as a nation.

How is it anonymous? The moment you give out your public BTC address to anyone that also knows your name (for example exchanges, shops, businesses, friends, etc.), your anonymity is gone. The problem is that not only you have to stay anonymous with your BTC address, but you have to also trust others with your BTC address. No one is perfect and mistakes do happen even if they wanted to keep your address anonymous. That's why currencies with privacy by default are so useful, especially in this day and age.