[Cryptography] (no subject)

[Howard Chu]

James A. Donald wrote:
> On 12/25/2017 4:04 AM, MONSHUL wrote:
>> hi sir
>>
>> i am a citizen of India.i want you to design a cryptocurrency app for 
>> indians. As our govt. is taking lot of tax from the salaried as well as the 
>> businessman are effected by this taxation system. i want you to make this 
>> cryptocurrency app specially for indians. sir there are lot of trading going 
>> in this field but i want bitcoin to be the primer currency all over the 
>> world. This can only be done if an inter source is available. i have good 
>> contacts with the advertisers as well as people from different parts of our 
>> country.
> 
> What would make a cryptocurrency for Indians different from a cryptocurrency 
> for anyone in the world.
> 
> How would we market this currency for Indians?

Fwiw, Ukraine has already got a cryptocurrency of their own, forked from Monero.

https://steemit.com/ua/@yanboretskyi/karbo-is-a-ukrainian-bitcoin

> 
> Would our target users be equipped with smartphones, and would they need to 
> make fast smartphone to smartphone transactions, perhaps by photographing a QR 
> code?
> 
> Because Bitcoin is hitting its scaling limits hard, transaction fees are too 
> high for Indians to use in ordinary transactions, and transfers too slow, 
> which implies the need for a lightning network for in person transactions, 
> which in turn implies a large number of client wallets and a relatively small 
> number of peer wallets.
> 
> But by the time a currency specifically for Indians was written, the Bitcoin 
> lightning network may well be up and running, which could potentially solve 
> the problem for Indians.
> 
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   -- Howard Chu
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