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"economic constant" Truth!!
First time I heard of bitcoin was coincidentally on the same week as I was researching on password hashing practices for user login info. back in 2010/2011 on a chess website troll room. I got into bitcoin.org and figured it was internet money built similar to torrent and was amused. But it never crossed my mind that it was relevant to me as i was not an online shopper and back then i wasn't even using online banking. Had no clue about central banking scam nor what money actually meant. Poor and naive normie mango.
How do people view Bitcoin in India, generally?
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100 sats \ 0 replies \ @mango 5 Mar
There is a huge premium to buy sats here. >5% in kyc exchanges. 10-15% P2P it is mostly because of capital control laws by the govt. official usd-inr exchange rate is 83inr/usd. however usdt trades at 92inr/usdt.
People in general(no-coiners) view it like any other place. crazy made up internet money used by black marketers and hackers. Plenty of shitcoiners too. Most have btc/shitcoins bought in exchange and keep it there in the hope of an exit. However I've observed a drastic increase in bitcoiners over the years who 'get it'.
Most people here are statists. But thanks to the internet, there does exist a ground up antistate culture only likely to grow over time.
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