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I'm extremely bearish on ICOs. I almost never seen any real-life use case in the wild. There was some push a couple of years back when some retailers started ac

I'm extremely bearish on ICOs. I almost never seen any real-life use case in the wild. There was some push a couple of years back when some retailers started accepting Bitcoin, but I almost never see this thing now. It's absolutely dead in India, for instance, a market of 1.4B people who would, presumably, be Bitcoin's target customers

mathgenius 9y ago
Looks like Bitcoin will be a store of value. Here is an attempt at the payment side of things: https://coinjournal.net/ripple-opens-new-office-india-eyes-multibillion-dollar-remittance-market/ https://coinjournal.net/ripple-opens-new-office-india-eyes-m...
mrb 9y ago
"Absolutely dead"? Localbitcoin volume in India is sharply increasing: https://coin.dance/volume/localbitcoins/INR https://coin.dance/volume/localbitcoins/INR Other "trading platforms are witnessing unexpectedly high traffic and seem to be growing at an exponential rate" http://www.dqindia.com/growth-and-future-of-bitcoin-in-india/ http://www.dqindia.com/growth-and-future-of-bitcoin-in-india... Activity is such that the Indian government is looking into (finally!) regulating it: https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india https://cointelegraph.com/news/suddenly-bitcoin-to-be-offici... Bitcoin in India is in no way "absolutely dead."
- pault 9y ago
  I think GP means "outside of speculation".
- puranjay 9y ago
  How many of these are speculators? How many are end-users? I can't recall the last time I saw an Indian website accept Bitcoin
  - mrb 9y ago
    Use language correctly. If you want to say Bitcoin is not used for purchases, then write that. Even if people were only speculators, it would be incorrect for you to say "Bitcoin is absolutely dead". «I can't recall the last time I saw an Indian website accept Bitcoin» One of the best use case of Bitcoin is for informal person-to-person payments, eg. sending money to friend/family. No merchants involved.

mathgenius 9y ago

Looks like Bitcoin will be a store of value. Here is an attempt at the payment side of things: https://coinjournal.net/ripple-opens-new-office-india-eyes-multibillion-dollar-remittance-market/ https://coinjournal.net/ripple-opens-new-office-india-eyes-m...

mrb 9y ago

"Absolutely dead"? Localbitcoin volume in India is sharply increasing: https://coin.dance/volume/localbitcoins/INR https://coin.dance/volume/localbitcoins/INR Other "trading platforms are witnessing unexpectedly high traffic and seem to be growing at an exponential rate" http://www.dqindia.com/growth-and-future-of-bitcoin-in-india/ http://www.dqindia.com/growth-and-future-of-bitcoin-in-india... Activity is such that the Indian government is looking into (finally!) regulating it: https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india https://cointelegraph.com/news/suddenly-bitcoin-to-be-offici... Bitcoin in India is in no way "absolutely dead."

pault 9y ago
I think GP means "outside of speculation".
puranjay 9y ago
How many of these are speculators? How many are end-users? I can't recall the last time I saw an Indian website accept Bitcoin
- mrb 9y ago
  Use language correctly. If you want to say Bitcoin is not used for purchases, then write that. Even if people were only speculators, it would be incorrect for you to say "Bitcoin is absolutely dead". «I can't recall the last time I saw an Indian website accept Bitcoin» One of the best use case of Bitcoin is for informal person-to-person payments, eg. sending money to friend/family. No merchants involved.