narsayya Posted December 31, 2013 Author Report Posted December 31, 2013 Malla start chesinraa bhai bitcoin lolli, lite theesukondi daanni it's like naxalism in india haha.. neeku jealous nenu billionaire avutha ani :P
KeyserSoze Posted December 31, 2013 Report Posted December 31, 2013 Malla start chesinraa bhai bitcoin lolli, lite theesukondi daanni it's like naxalism in india india la banned bhayya
narsayya Posted December 31, 2013 Author Report Posted December 31, 2013 india la banned bhayya india laanti dictatorial regimes ki freedom ante bhayam.. Indians haayiga hongkong ki velli oka account open cheskoni, em kaavalante cheskovachu online lo.
KeyserSoze Posted December 31, 2013 Report Posted December 31, 2013 because any currency to work has to be flexible, that is its natural trait. Bitcoin cannot work as a commodity or an asset once its primary goal of being an alternative currency is compromised. At best, it can be used for low cost inernational transactions. You have a very narrow view of bitcoin, claiming that its an asset/commodity that can be traded forever. But remember, with the growing popularity of bitcoins, govt will want to know who's got how many bitcoins, and it'll be difficult to hide illegal money in it, which seems to be its biggest draw right now.. and since bitcoin is digital, its not hard to track down anyone with bitcoins. There will be nowhere to hide. nuvve annav kada hedge funds and some banks promoting ani.......they would probably bribe govt and make their lives easy......when BTC was around 1000...bofa gave a valuation of 1200
narsayya Posted December 31, 2013 Author Report Posted December 31, 2013 nuvve annav kada hedge funds and some banks promoting ani.......they would probably bribe govt and make their lives easy......when BTC was around 1000...bofa gave a valuation of 1200 did you forget what happened in 2008? :P All the HF managers I've spoken to are scared about bitcoin, but they embrace it under pressure for showing returns. They are mostly worried about trading volume, and the ability of aam admi to influence it. Some of them are betting that it is a good investment at $100k per coin and will drive it to that. I hope all this will implode in 4-5 yrs, and I'll be richer than most of my HF manager friends :P
Aston08 Posted December 31, 2013 Report Posted December 31, 2013 RBI vallu bitcoin ante gu dengtunnaru..monna ne circular kuda release chesaru..
narsayya Posted December 31, 2013 Author Report Posted December 31, 2013 RBI vallu bitcoin ante gu dengtunnaru..monna ne circular kuda release chesaru.. RBI one of the most conservative reserve banks in the world. anduke India ila thagaledindhi.
Aston08 Posted December 31, 2013 Report Posted December 31, 2013 RBI one of the most conservative reserve banks in the world. anduke India ila thagaledindhi. RBI atla undhi kabatte india itla aina undhi.. aa china banks laaga or US fed laaga undi unte ee patiki desam lo pedhavaadiki thinataniki emi migiledhi kaadhu. better know the reality before commenting on RBI. prathi okka country lo central banks ki wealthy sector meedha ne prema ekkuva. valla policies kuda wealthy sector ki anukulam ga frame cehstaaru. only RBI thinks about common man. If it is not for RBI and their stringent monetary policies, UPA wud've fcked up india by now and we would be spending 300 to 400 rupees per plate idly.
narsayya Posted December 31, 2013 Author Report Posted December 31, 2013 RBI atla undhi kabatte india itla aina undhi.. aa china banks laaga or US fed laaga undi unte ee patiki desam lo pedhavaadiki thinataniki emi migiledhi kaadhu. better know the reality before commenting on RBI. prathi okka country lo central banks ki wealthy sector meedha ne prema ekkuva. valla policies kuda wealthy sector ki anukulam ga frame cehstaaru. only RBI thinks about common man. If it is not for RBI and their stringent monetary policies, UPA wud've fcked up india by now and we would be spending 300 to 400 rupees per plate idly. wrong. banks should be allowed to trade with risky investments, fail, lose people's money, which should be allowed to be insured against such a scenario so some fraction of it is retrieved. Countries have gone through such depressions and recessions multiple times (especially US in every decade since the 60s for different reasons) India has just been immobile. No risk taken, no reward or punishment. No recession, nothing. The most boring country to study in the world, perhaps. Rich people are still rich, middle class just went one class up. Not many went down, really. The most popular way to move money around in India seems to be real estate investment, which is pathetic. India needs a robust financial system that will move useless money around. Also the rise in prices have nothing to do with monetary policy in India. The rise in prices are because of the inefficiency of markets, lack of infra main reason. RBI knows it, but still keeps the interest rates high enough to limit economic activity. Its not just their fault, ofcourse. the last governor kept prodding the govt to pass reforms to increase productivity, but some of them are political hot topics like labour and land reforms. People should fail, and learn from it. Not be protected from never having to fail, and thus remain mediocre. No other reason why, few Individual Indians are so successful and brilliant, but rest of them are mediocre at best, and as a country India will always be a failure if it doesn't let go of its irrational fear of money.
Aston08 Posted December 31, 2013 Report Posted December 31, 2013 wrong. banks should be allowed to trade with risky investments, fail, lose people's money, which should be allowed to be insured against such a scenario so some fraction of it is retrieved. Countries have gone through such depressions and recessions multiple times (especially US in every decade since the 60s for different reasons) India has just been immobile. No risk taken, no reward or punishment. No recession, nothing. The most boring country to study in the world, perhaps. Rich people are still rich, middle class just went one class up. Not many went down, really. The most popular way to move money around in India seems to be real estate investment, which is pathetic. India needs a robust financial system that will move useless money around. Also the rise in prices have nothing to do with monetary policy in India. The rise in prices are because of the inefficiency of markets, lack of infra main reason. RBI knows it, but still keeps the interest rates high enough to limit economic activity. Its not just their fault, ofcourse. the last governor kept prodding the govt to pass reforms to increase productivity, but some of them are political hot topics like labour and land reforms. People should fail, and learn from it. Not be protected from never having to fail, and thus remain mediocre. No other reason why, few Individual Indians are so successful and brilliant, but rest of them are mediocre at best, and as a country India will always be a failure if it doesn't let go of its irrational fear of money. there is nothing wrong in what you said, but if RBI lets our system fail, that will be a huge blow to the poor man of this country. you may say that we have to learn from our failures and get back on track. but how long is that going to take ? 10 years ? 15 years ? and in this period how is the common man going ot survive ?
narsayya Posted December 31, 2013 Author Report Posted December 31, 2013 there is nothing wrong in what you said, but if RBI lets our system fail, that will be a huge blow to the poor man of this country. you may say that we have to learn from our failures and get back on track. but how long is that going to take ? 10 years ? 15 years ? and in this period how is the common man going ot survive ? Technically, poor man will not be affected at all. He's not part of the formal economy and doesn't deal with the financial system yet in India. The one's affected will be salary drawing middle class (neither upper/lower but middle middle class), who've invested in all those insurance schemes, bonds, etc, and ones working in the financial and affiliated industries. Also, the economic cycle has drastically reduced to less than 10 yrs. Pretty sure the US will face another serious recession in a couple of years. So the pain will be shortlived for most, who manage to find work after the recession. India has plenty of wiggle room to use up these extra funds (printed by the govt), unlike the US, which doesn't produce anything of worth these days and struggling to raise revenue (compared to earlier) to justify any sort of public expenditure. India can use it to build roads, link rivers, build storage units.. so much to be done.. And not enough money. This is the risk RBI working in conjunction with the govt (if it happens) can take. Also some money can be funneled into schemes like NREGA, Food Subsidy etc (if the regulations are properly framed, which they are not currently), too. I don't see a calamitous future for the poor man or middle middle class, if financial restrictions are lifted today, for the next 10-12 yrs, assuming India grows at 9%. After that, god knows. By that I mean, its a coin toss :P
Krish Posted December 31, 2013 Report Posted December 31, 2013 monna veyyi unnappudu....big boys andaru......deenni assam cheddamani decide ayyi untaru....... appudu ammukunnodu intelligent fellow!!!
GULABJAM Posted December 31, 2013 Report Posted December 31, 2013 monna veyyi unnappudu....big boys andaru......deenni assam cheddamani decide ayyi untaru....... appudu ammukunnodu intelligent fellow!!! vinuu :)
Krish Posted December 31, 2013 Report Posted December 31, 2013 vinuu :) Kya re Minnu...how r u?? Ivvala night aa Id lo ne unta twaraga pampu ok na....!!!
coca-cola Posted December 31, 2013 Report Posted December 31, 2013 Kya re Minnu...how r u?? Ivvala night aa Id lo ne unta twaraga pampu ok na....!!! :3D_Smiles:
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