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India's Solicitor General and Reserve Bank of India are morons who keep claiming "Bitcoin is a ponzi" - lets educate these tools

India's Solicitor General and Reserve Bank of India are morons who keep claiming "Bitcoin is a ponzi" - lets educate these tools

Bitcoin Reddit

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currently there is a petition in indian supreme court to examine the legality of rbi's ban on banks to allow bitcoin exchanges to operate.

in these hearings these fool advocates of the government keep throwing out fake news. for instance the rbi's advocate shyam diwan claimed that 90% of bitcoin transactions are made using chinese yen (wtf? ), next the solicitor general of india claimed bitcoin is a ponzi.

the RBI counsel also claimed Satoshi Nakamoto was a guy from Pakistan. what the bloody fuck... these idiots are simply trying to confuse the court with lies and misinformation. what a bloody shame.

how illiterate are these clowns? they literally know nothing about bitcoin but somehow feel its their duty to speak lies. no wonder indian legal system is in the shitter, if the solicitor general spews fake news in front of the supreme court. over 1 million cases are pending in india and it takes over 10 years for even a cold blooded murder case to get solved.

how is bitcoin a ponzi if its being traded on cme, cboe, swiss stock exchange etc? how is crypto all scams if large institutions across the world are investing in its growth and development (like a16z investment in maker dao, microsoft, e&y all using ethereum etc).

but irrespective of the facts, these morons keep making the same outdated arguments.

Articles: https://coincrunch.in/2019/08/22/supreme-court-rbi-response-iamai-representation/

https://www.newsbtc.com/2019/08/20/indian-apex-court-grills-rbi-over-bitcoin-trading-ban/


posted on bitcoin sub but guess its banned there...

submitted by /u/devGRASS
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