Tag Archives: Bitcoin

Global Bitcoin Conference 2013

Bangalore, India. Home to over 350,000 IT Professionals, it already has a very strong bitcoin base. Bangalore is a cosmopolitan city whose citizens have a penchant for buying gold to protect against the Rupee’s decline. We are hosting the Global Bitcoin Conference smack bang in the middle of Bangalore, at the beautiful Sheraton Hotel. Why not spend a long weekend here, with the GBC as the highlight.
Events are all inclusive and are mix of networking, learning and increasing awareness. The program is designed to provide an overview of where the virtual currency industry is today and its future potential, and our panel of top venture capitalists will discuss what business opportunities are on the horizon. We will try to keep the speakers time to 15 minutes. Short and sweet.

Shortage of Bitcoins


Sometime back I was struck by the rate at which Bitcoin value was growing. It hovered around 10 to 20 USD at that time. Then I went for my wedding and when I next saw it, it was already to the moon and back. Recently Bitcoin has proved its value and has been over $1000 since last couple of days. I got into cryptocurrency trading recently via BTC-E. The major challenge that one might face is getting the initial supply of bitcoins. I am not a fan of mining and considering that the green days of mining are well passed and it is not profitable for simple users, I recommend getting the initial bitcoins over the counter. I dont recommend bank transfers to exchange as these have long lead time and very high fee. Instead one can buy bitcoins from websites like localbitcoin.com or buy from friends if they have and are ready to sell.
Seeing the recent boom and huge demand for bitcoins the supply of bitcoins has become very apparent and people are finding it difficult to get hold of their first bitcoins.  I have had a good experience with localbitcoin.com with my transaction being completed in just 15 minutes.
It is easy and safe as there is an escrow but still I would say that do your research and see the feedback before getting into any transaction.
Let us know of other places to get bitcoins in india.

Bitcoin Meetup

Bitcoin_euroLately there has been a lot of buzz about bitcoin. We had the first Bitcoin meetup today with Sunny, Harsh, Uday, sorry for not remembering the other names. We had 10 of us and it was a long and very informative discussion which setup the context of many more such meetups to come.

For me this was a meetup after a long long time (I guess more than 3 years) after all the Bar camps and other meetups in Pune for Null, Clubhack, POCC etc.

The name bitcoin has been gaining a lot of traction among the tech geeks and we would give it our best shot to make it more understandable to non tech people.

image: http://osintblog.org