Bitcoin Entrepreneurs persist despite warnings issued by RBI

indiabitcoinopportunity18 Jan 2014 – DNA India – The Reserve Bank of India’s caution to investors, to be wary of using virtual currency because of the supposed security, financial and legal risks has cast aspersions on the popularity of Bitcoins. Ever since then Bitcoin entrepreneurs and enthusiasts have been working hard to build better frameworks for this technology to exist.

Coinsecure is working on a secure platform for multiple banking services through Bitcoin. The site that is in its beta, sets a price base for Indian buyers and sellers. We got an exclusive interview with the founder of , Benson Samuel. Besides being the founder of Benson Samuel is the moderator for the Indian Forum of, a website that gets 4,52,390 hits every day and has been a speaker at Global Bitcoin Conference one of the first Bitcoin conferences worldwide which was held in Bangalore last year. This is what he had to say to clarify some of the confusion on the subject of Bitcoin.

Krishna: So how and when did you get involved with Bitcoin?

Benson: Got involved few years ago. Was an avid gamer and Bitcoin was mentioned by a fellow gamer.

Krishna: Bitcoin is backed by Mathematics. When people are told this there is a lot of confusion, what is the best way to make them understand?

Benson: This article had a good explanation for everyone.

Krishna: How are Bitcoins priced?

Benson: Supply and demand. Similar to the way that gold is priced.

Krishna: Can individual countries control the value of Bitcoin?

Benson: Unfortunately, this cannot happen. Bitcoin has global scale. Coloured coins can be used instead as by individual countries to support their economy at a stable rate…… Read more

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