How do Bitcoins have a real world value?

As Bitcoins continue to be mined they begin to create more value since more and more people begin to own them. You can kind of think of them as trading cards or beanie babies. The longer you hold onto these things the more value they tend to take on as more and more people begin collecting them. The biggest difference is you can’t take your Babe Ruth rookie card to the car dealership and trade it for a car because it’s not a universal means of exchange like Bitcoins or a credit card. You have to go through the painstaking process of finding a buyer and turning that card into money. Bitcoin itself has consolidated that process.
People worked hard for months or years to mine these things, investing time, hardware, and energy in the process. This is where the initial value of the currency is born, since time and money was used to create them.

Put yourself in the shoes of a miner: you invest time, money and brainpower into mining these coins against thousands of other people around the planet. You’re not just going to give them all away for free. Everyone wants to get their money back from an investment, so people started exchanging Bitcoin for different things including currencies like the US dollar and the Euro. In return this allowed new people outside of the mining ring to collect and exchange Bitcoin, thus the currency began to grow which started to create a networking effect.

Now normal everyday people are exchanging cash for Bitcoins, wondering what the hell can I do with these things?

Japan is Proving to be a Major Bitcoin Haven

A new reality series entitled BitGirls is slated to bring bitcoin to the masses. The program is designed to educate the general public about digital currency usage with the help of an all-female cast who “become” digital currencies during the show and complete various challenges. Viewers can support their favorite players by purchasing her tokens and giving her points to move ahead in the competition.
The show will play on Friday nights starting in November, and will be broadcast on Tokyo Metropolitan Television. Producer Takao Asayama explains:

“People have to watch [the] TV live instead of recording it. Otherwise, viewers could miss a good time to sell [or] buy.”

In other news, digital currency users in Japan may be subject to tax relief in the coming months. Members of the Finance Ministry and Financial Services Agency have been discussing the prospects behind “reducing costs for buyers” and lowering taxes for virtual currency exchange operators. Granted headway is made, sales tax on digital currencies could cease as early as next spring.
Japan is the only leading country that taxes bitcoin sales. Last May, bitcoin regulation also became a relatively hot topic when a bill regulating digital currency was introduced to exchange operators. Since Mt. Gox, the country’s reputation has been subjected to backlashing, anger and mistrust amongst digital currency users. Slated to take effect soon, the new bill is aimed at giving digital currency enthusiasts and exchange operators a greater sense of security. The bill will allow the FSA to conduct on-site inspections, and enforce “know your customer” practices, which have often been non-existent in the digital currency arena. The bill also specifically defines virtual money as a form of payment.
It is estimated that there are about 2,500 stores in Japan that accept bitcoin.

The Complete Guide

In this tutorial, we will cover everything you need to know about bitcoins.

The tutorial starts off with the basics of installing the computer software to make bitcoins work, but moves into the more advanced parts very quickly.  After reading this Instructable, you will have learned all the basics for starting your work with bitcoins.  Whether you know what bitcoins are, or if you're just here to start making free money by doing almost nothing, you've come to the right place.

Read on to learn what bitcoins are, and how they can be used in a everyday computer-person life.

Understanding Bitcoins

After reading many, many different articles all over the internet, I still didn't have a good idea of what bitcoins were, how they could be made, and if it was possible for the average person to use them.  The first few things I read, they were made out to sound like you had to have a computer science degree to get them.

However, after reading on about them, I learned that they are a type of currency that is 100% virtual.  There is no government that regulates the currency, like almost every other single currency in the world.  Instead, it is all virtual.  The bitcoins that you own are stored on your computer.  You can sell these bitcoins for real US or Canadian dollars.

Below is a YouTube video explaining the whole concept of bitcoins. While good for visual learners, some like to read to learn.

Bitcoins are a virtual currency.  The currency is stored locally between peers.  The currency (bitcoins) is transferred from computer to computer.  Every transaction (transfer of bitcoins from one computer to another) is verified by "mining" for bitcoins.

When first learning about bitcoins, you learn that bitcoins are stored directly on your computer.  So, does that mean that by doing a bit of computer hacking you can give yourself thousands of dollars worth of bitcoins?  The answer to this is NO! The system is worked out so well that hackers cannot do this.  The reason is because for bitcoins to be transferred from computer to computer, the transaction has to be verified.  This verification is done by "mining."  Mining is a process where everyday people like you and I install some software onto their computer   This software is very advanced and hard to understand, but basically it does some high-level computing (SHA256 decoding) to verify transfers of bitcoins.

The next question that often comes up is: Why would anyone want to just give up their computer to help decode these encryption things?  Well, the answer is that you get paid to do it.  Well, you don't get paid, but you get free bitcoins for letting your computer work for you.  This is almost the same as being paid, as you will learn in later steps.  This is the ONLY way that new bitcoins are created.  They can't just come from nowhere, making the system hacker-proof.

Mining can be very simple, but it can also be very complicated.  By following this Instructable, you will learn one of the easiest ways to mine bitcoins and gain money.

Bitcoin operators shut shop in India amid RBI warning

New Delhi: Some of bitcoin operators in India have began suspending their business following RBI's caution towards use of such virtual currencies because of capacity cash laundering and cyber security dangers.

while RBI is yet to pop out with a clean regulatory framework for bitcoins, which have been gaining forex the world over during the last few months, it has issued an advisory cautioning trendy public against use of bitcoins and other digital currencies.

inside days of this advisory issued on December 24, some of entities offering bitcoin offerings have suspended their operations, temporarily or indefinitely, even as websites of a few others have gone down.

Related Topics Indians lose crores in bitcoins as Japan exchange collapses

Bitcoin is a digital foreign money that can be generated thru complicated computer software systems with solutions shared on a network, even though the method is complicated and such 'mining' may be executed best on very effective servers.

hardly three years into existence, bitcoin has already become the world's most high-priced forex and its in keeping with unit value soared beyond USD 1,000 degree or about Rs sixty three,000 these days, despite the fact that the fees have now slipped below Rs 50,000 stage.

there was a phenomenal surge within the change fee for bitcoin from little over USD 200 to properly beyond USD 1,000 at some point of November, but there was an severe volatility considering that then and the RBI's caution has similarly delivered to its woes in India.

one of the bitcoin operators in India, buysellbitco.In, has posted its website, "submit the RBI round, we're suspending purchase and sell operations till we are able to define a clearer framework with which to paintings.

"that is being achieved to protect the hobby of our clients and in no way is a mirrored image of Bitcoin's true ability or charge," it stated.

another entity, INRBTC also said that "in light of RBI's be aware, offerings of INRBTC.Com are being suspended indefinitely".

Explaining its selection, INRBTC stated that RBI has said that users of virtual currencies are uncovered to each criminal and monetary dangers.

"similarly it (RBI) states that absence of statistics of counterparties should concern the customers to unintended breaches of Anti-money laundering and preventing the financing of terrorism (AML/CFT) legal guidelines," it brought.

"The handiest option left now is suspend the services till in addition preparations can be made," INRBTC said, whilst including that every one trades which have been achieved until December 26, 2013 may be processed completely.

"All pending orders might be cancelled and the deposits on the ones orders might be refunded one hundred percentage to the customers," it stated.

Many other web sites offering bitcoin offerings in India have gone down, even though a few continue to perform as of now despite increasing regulatory glare on bitcoins globally.

at the same time as authorities and professionals have become concerned approximately its capability money laundering risks, concerns have additionally been raised approximately this new phenomenon snowballing into an 'e-ponzi' or an digital version of investor fraud, given the developing promotion of bitcoin as investments without any allowing guidelines for them.

Related Topics 100% Blockchain for Dubai Government by 2020

in step with a senior professional said, pressure has extended on regulatory and enforcement organizations in India after present day moves with the aid of China and France on this front.

"The fact remains that regulators are scrambling for ways to alter this whole gamut of virtual currency, as it is a totally new concept in India and even the jurisdiction isn't always clear as but on who must regulate them," he said.

even as the us has declared that each one triumphing money laundering legal guidelines could observe to bitcoins, China has requested its banks and other economic establishments no longer to deal in bitcoins and the public has been requested to do so at their personal threat.

except, France remaining week warned its banks about risks associated with bitcoins.

at the same time, the specialists are also elevating concerns approximately cyber safety troubles, given the large scope of cash laundering and other unlawful activities via use of an unregulated digital foreign money idea.

Bitcoin came into lifestyles in 2009 and the cutting-edge wide variety of bitcoin gadgets generated thus far stands at approximately 12 million. but, most effective a small range of bitcoins are being used for actual commercial and retail purposes and a majority of transactions are taking place for speculative investments.

including to the demanding situations earlier than the regulators, this e-forex is already being everyday through some online retailers in international locations like the US, China and some others, for various purposes which includes pizza transport.

those looking at this new phenomenon include almost all economic sector regulators as additionally businesses mandated to handle monetary crimes, which include RBI, Sebi and numerous groups below the Finance Ministry, a senior authentic said.

at the same time as regulators are tight-lipped about their course of action, a senior official stated that one possible way forward may be following the usa, wherein government have determined to difficulty bitcoins to cash laundering guidelines applicable to all other economic transactions inside the usa.

Regulators also are looking into claims being made through some entities of being registered bitcoin change companies, despite the fact that they could have simply registered as a organisation with the Registrar of companies for accepted commercial enterprise functions.

To make matters worse, this digital foreign money has emerge as new tool for fraudsters who are selling bitcoins as the subsequent large funding merchandise with unlimited returns.

a few lawsuits have already poured in approximately bitcoins being utilized by some operators in positive new-age and e-versions of multi-degree advertising or ponzi schemes.

Regulators fear that this new phenomenon can deliver upward thrust to a brand new type of illegal investment schemes that might be very difficult to song and clamp down. there is almost 0 physical hobby whilst dealing in bitcoins and almost all transactions take region within the digital layout.

Indians lose crores in bitcoins as Japan exchange collapses

In a impolite jolt to developing digital forex frenzy in India, bitcoins really worth crores of rupees held via some Indians have vanished with crumble of Japan-based Mt Gox, which became the arena's biggest bitcoin exchange thus far.

In a impolite jolt to growing digital foreign money frenzy in India, bitcoins worth crores of rupees held with the aid of a few Indians have vanished with crumble of Japan-primarily based Mt Gox, which became the world's largest bitcoin trade so far.

Having filed for bankruptcy, Mt Gox has admitted to have misplaced 7.5 lakh bitcoins of its customers and one lakh of its personal, which together are envisioned to be well worth approximately $zero.five billion (over Rs. 3,000 crore).

The alternate become predominantly used by foreigners, inclusive of those operating on behalf of customers from India, even as some Indians have been at once trading there. In its financial disaster submitting, Mt Gox has listed 1.27 lakh creditors, bulks of which might be foreigners and just about 1,000 from Japan.

The debacle can also intensify requires stricter regulatory checks on bitcoins and other virtual currencies in India and other international locations.

most of the affected Indians refused to discover themselves, fearing probing questions from tax and other government in India as they'd normally used untaxed money for buy of these bitcoins and had been seeking out smooth returns in this so-far unregulated market.

however, many bitcoin operators and traders confirmed that majority of bitcoins held by way of Indians have been being traded on Mt Gox and the price of those lost there will be at the least Rs. 10-20 crore.

There are over 35,000 bitcoins (worth over Rs. 100 crore) held by using Indians across the u . s ., while many NRIs also are dealing in this popular virtual currency, which currently trades at $550 apiece but isn't sponsored via any financial authority or actual asset.

India, that's domestic to two hundred million net customers, has of past due seen a exceptional upward push in bitcoin fanatics lured by means of go back capability, anonymous nature of transactions and natural novelty, amongst others.

today, it prices approximately Rs. 37,000 consisting of costs and expenses to buy simply one bitcoin from Indian operators, a lot of whom have been doing commercial enterprise carefully after the Reserve financial institution final 12 months issued an advisory warned the general public about the ability risks related to such currencies.

The bitcoin used to cost close to Rs. one lakh a chunk just a few weeks again, but fee have tumbled for diverse motives inclusive of for problems at Mt Gox.

After three weeks of speculation about the fate of the Tokyo-primarily based trade, which had suspended withdrawals early ultimate month, the bitcoin fraternity was stunned after Mt Gox claimed hackers stole a total of 850,000 coins.

Cyber criminals had been sporadically stealing bitcoins and its other siblings worldwide however this could be the most important heist till date.

"There may be quite a few India whose bitcoins have were given stuck at Mt Gox. We at the least recognise three Indians who've got affected," stated Sathvik Vishwanath, a founding member of Bitcoin Alliance India.

"The Mt Gox shutdown that occurred did affect plenty of humans. a few Indians we understand have their BTC stuck there," stated Sylvester, who is part of a well-known organization that organises Bitcoin meetups in Delhi.

whilst the Mt Gox debacle has hit the fledgling bitcoin community hard, the incident has additionally exposed the susceptible security of bitcoins, which exist as small software, towards state-of-the-art hacking attacks. however, a few accept as true with blaming the entire incident on unknown hackers might be a way to cover extreme accounting or technique deficiencies in this situation.

"because of their beyond delays, it turned into tough for Indian clients to switch and obtain fiat cash from Mt Gox. however this will be a large-scale fraud as well. eight,50,000 cash globally can't be just stolen without coming beneath any individual's note. it is subsequent to impossible," stated a bitcoin fanatic, who works in a Bangalore situated IT firm.

The digital forex's enterprise group, the Bitcoin foundation, has sought to assure Bitcoin users that their price range might not disappear due to robbery or mismanagement. On remaining remember, there had been one hundred forty virtual currencies having a combined cost of $9.3 billion.

side by using aspect, the usa and jap prosecutors have started out investigations into events main to the eventual shutdown of Mt Gox. the ecu Banking Authority is working to installation a venture pressure soon to review options for regulating Bitcoin and such virtual foreign money derivatives.

100% Blockchain for Dubai Government by 2020

In a significant endorsement of blockchain technology, the underlying innovation of bitcoin, the Dubai government will see of its documents on a blockchain. 

The government of Dubai will see all of its documents on a blockchain by the year 2020. The announcement was made via the Dubai Media Office’s official social media account, citing Hamdan bin Mohammed, the hereditary Prince to the crown of Dubai.

Furthermore, the Prince revealed that Dubai will also be executing all its transactions on a blockchain by 2020, as a part of a new program called the “Dubai Blockchain Strategy.”

Respectable details of the brand new government directive, decided by means of Dubai’s Sheik Mohammed, are currently scarce.

The crown prince additionally delivered that the Dubai future basis could be tasked with overseeing the approach to its implementation, even as the clever Dubai office executes the directive.

The Dubai authorities’s hobby to position itself as a blockchain hub and include the generation become first discovered in February 2016, when its Museum of the destiny basis mounted the ‘worldwide Blockchain Council.’

The subsequent month of March saw the council planned and draw plans for initiatives to investigate, discover and develop distributed ledger era.

Still, few would have expected the Dubai authorities to start a sweeping directive to enforce blockchain technology. Even fewer could have foreseen any situation in which a central authority began a essential shift to transport all its official records to the technology powering bitcoin.

How to Buy Bitcoin in the UK

So, you've heard all about the advantages of this amazing new financial technology called bitcoin, but how do you go about buying it in the British Isles?
While bitcoin makes sending payments between countries – or even continents – quick, cheap and easy, traditional banking systems have yet catch up. As a result, users buying bitcoin through a bank account report frustration with complex procedures, delays while funds arrive and high fees for international transfers.
Credit and debit cards will often incur charges too, and not all companies will accept them due to the risk of fraudulent chargebacks.
As a result, if you're not paying with cash at a bitcoin ATM or from an individual at a meetup, buying bitcoin is best done by fast and free domestic bank transfer – if you can find a bitcoin business offering that option, that is.

The banking issue

The problem is, British banks are reluctant to service bitcoin companies so many exchanges are having to bank elsewhere in the EU. In these cases, you'll have to put up with charges on international transfers like SEPA and often wait 2–5 days for your funds to arrive.
The British government has made some noises about turning the country into a cryptocurrency-friendly environment. However, as it stands, a UK exchange providing SEPA bank transfers offers few advantages over any exchange in the EU – apart from being able to deposit in GBP, perhaps.
However, new banking partnerships are being forged that allow bitcoin exchanges add local deposit options for UK customers.

A note on price

Bitcoin is notoriously volatile – that is, the value can climb and drop significantly over short timeframes.
As a result, bitcoin buyers would do well to keep an eye on the price charts in order to make, hopefully, a timely purchase when the value is low. Indeed, many people earn money trading bitcoin, making the most of its volatility.

Bitcoin exchanges

Cryptocurrency exchanges offer a way to buy (and sell) bitcoin – and sometimes other digital currencies such as litecoin and dogecoin.
First things first, you'll need to register and provide proof of residency (a copy of recent utility bill) and identity (a photo ID scan) for anti-money laundering (AML)/know-your-customer (KYC) compliance procedures before you can use the platform's services.
Once that's done, you'll need to set up a bank payment using the details provided by the exchange, at which point you can fund your account and buy some bitcoin.
Note that it's worth avoiding using the word 'bitcoin' in the payment reference too. While this may sound odd, jittery banks have been known to balk at anything to do with the digital currency, even closing some accounts in the past.

Why Use Bitcoin?

Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, but many people still don't understand why they should make the effort to use it.
Why use bitcoin? Here are 10 good reasons why it’s worth taking the time to get involved in this virtual currency.

It’s fast

When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.

It’s cheap

What’s that you say? Your credit card transactions are instantaneous too? Well, that’s true. But your merchant (and possibly you) pay for that privilege. Some merchants will charge a fee for debit card transactions too, as they have to pay a ‘swipe fee’ for fulfilling them. Bitcoin transaction fees are minimal, or in some cases free.

Central governments can’t take it away

Remember what happened in Cyprus in March 2013? The Central Bank wanted to take back uninsured deposits larger than $100,000 to help recapitalize itself, causing huge unrest in the local population. It originally wanted to take a percentage of deposits below that figure, eating directly into family savings. That can’t happen with bitcoin. Because the currency is decentralized, you own it. No central authority has control, and so a bank can’t take it away from you. For those who find their trust in the traditional banking system unravelling, that’s a big benefit.

There are no chargebacks

Once bitcoins have been sent, they’re gone. A person who has sent bitcoins cannot try to retrieve them without the recipient’s consent. This makes it difficult to commit the kind of fraud that we often see with credit cards, in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction.

People can’t steal your payment information from merchants

This is a big one. Most online purchases today are made via credit cards, but in the 1920s and ’30s, when the first precursors to credit cards appeared, the Internet hadn’t yet been conceived. Credit cards were never supposed to be used online and are insecure. Online forms require you to enter all your secret information (the credit card number, expiry date, and CSV number) into a web form. It’s hard to think of a less secure way to do online business. This is why credit card numbers keep being stolen.

It isn’t inflationary

The problem with regular fiat currency is that governments can print as much of it as they like, and they frequently do. If there are not enough US dollars to pay off the national debt, then the Federal Reserve can simply print more. If the economy is sputtering, then the government can take newly created money and inject it into the economy, via a much-publicised process known as quantitative easing. This causes the value of a currency to decrease.
If you suddenly double the number of dollars in circulation, then that means there are two dollars where before there was only one. Someone who had been selling a chocolate bar for a dollar will have to double the price to make it worth the same as it was before, because a dollar suddenly has only half its value. This is called inflation, and it causes the price of goods and services to increase. Inflation can be difficult to control, and can decrease people’s buying power. Bitcoin was designed to have a maximum number of coins. Only 21 million will ever be created under the original specification. This means that after that, the number of bitcoins won’t grow, so inflation won’t be a problem. In fact, deflation – where the price of goods and services falls – is more likely in the bitcoin world.

It’s as private as you want it to be

Sometimes, we don’t want people knowing what we have purchased. Bitcoin is a relatively private currency. On the one hand, it is transparent – thanks to the blockchain, everyone knows how much a particular bitcoin address holds in transactions. They know where those transactions came from, and where they’re sent. On the other hand, unlike conventional bank accounts, no one knows who holds a particular bitcoin address. It’s like having a clear plastic wallet with no visible owner. Everyone can look inside it, but no one knows whose it is. However, it’s worth pointing out that people who use bitcoin unwisely (such as always using the same bitcoin address, or combining coins from multiple addresses into a single address) risk making it easier to identify them online.

You don’t need to trust anyone else

In a conventional banking system, you have to trust people to handle your money properly along the way. You have to trust the bank, for example. You might have to trust a third-party payment processor. You’ll often have to trust the merchant too. These organizations demand important, sensitive pieces of information from you. Because bitcoin is entirely decentralized, you need trust no one when using it. When you send a transaction, it is digitally signed, and secure. An unknown miner will verify it, and then the transaction is completed. The merchant need not even know who you are, unless you’ve arranged to tell them.

You own it

There is no other electronic cash system in which your account isn't owned by someone else. Take PayPal, for example: if the company decides for some reason that your account has been misused, it has the power to freeze all of the assets held in the account, without consulting you. It is then up to you to jump through whatever hoops are necessary to get it cleared, so that you can access your funds. With bitcoin, you own the private key and the corresponding public key that makes up a bitcoin address. No one can take that away from you (unless you lose it yourself, or host it with a web-based wallet service that loses it for you).

You can create your own money

In spite of the amazing advances in home office colour printing technology, most national governments take a fairly dim view of you producing your own money. With bitcoin, however, it is encouraged. You can certainly buy bitcoins on the open market, but you can also mine your own if you have enough computing power. After covering your initial investment in equipment and electricity, mining bitcoins is simply a case of leaving the machine switched on, and the software running. And who wouldn't like their computer to earn them money while they sleep?

What is Bitcoin?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

What makes it different from normal currencies?

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Who created it?

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

So you can’t churn out unlimited bitcoins?

That’s right. The bitcoin protocol – the rules that make bitcoin work – say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin).

What is bitcoin based on?

Conventional currency has been based on gold or silver. Theoretically, you knew that if you handed over a dollar at the bank, you could get some gold back (although this didn’t actually work in practice). But bitcoin isn’t based on gold; it’s based on mathematics.
Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it.
The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to.

What are its characteristics?

Bitcoin has several important features that set it apart from government-backed currencies.

1. It's decentralized

The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.

2. It's easy to set up

Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.

3. It's anonymous

Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…

4. It's completely transparent

…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.
If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.
There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.

5. Transaction fees are miniscule

Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.

6. It’s fast

You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.

7. It’s non-repudiable

When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever.
So, bitcoin has a lot going for it, in theory. But how does it work, in practice? Read more to find out how bitcoins are mined, what happens when a bitcoin transaction occurs, and how the network keeps track of everything.

Tata Motors enters Bolivia with launch of three vehicles

Tata vehicles has forayed into the Bolivian commercial car (CV) marketplace with the launch of 3 products in the South American.

Tata Motors enters Bolivia with launch of three vehicles

The Mumbai-primarily based automobile foremost has entered Bolivia through a distribution agreement with neighborhood companion Bolivian auto cars, that's a part of Salvatierra, a enterprise conglomerate engaged in distribution of motor cars and motor cycles in the Latin American usa.

Through this partnership, Tata motors has released three business motors inside the Bolivian market - Tata SuperAce Petrol, Tata Xenon Petrol and Tata LPT 613 truck - all of in order to be presently available in Santa Cruz and will soon be to be had in la Paz and Cochabamba. 

Related Topics Reliance Power to double capacity of thermal plants in UP and Maharashtra

"We are extremely joyful to be here in Bolivia, one of the quickest developing markets inside the Latin American location," Tata motors Head (worldwide enterprise) business motors Rudrarup Maitra said in a assertion. 

Except Bolivia, Tata automobiles commercial motors are bought in different South American markets like Chile and Ecuador. 

"We will paintings with Tata motors to make sure that our customers here get the best cars and offerings, that now not simplest healthy their necessities but also the needs in their commercial enterprise," Bolivian auto vehicles President Johnny Salvatierra said. 

Related Topics China must worry about jobs as firms move production to India

Tata automobiles is India's largest vehicle company, with consolidated revenues of Rs 2,seventy five,561 crore in 2015-16. via subsidiaries and partner corporations, it has operations in the uk, South Korea, Thailand, South Africa and Indonesia.

Reliance Power to double capacity of thermal plants in UP and Maharashtra

Reliance PowerBSE 0.88 % will double the potential of its Rosa electricity plant in Uttar Pradesh to 2,four hundred MW and Butibori electricity plant in Maharashtra to one,two hundred MW, the organisation's chairman stated. 

Reliance Power to double capacity of thermal plants in UP and Maharashtra

The corporation may even set up a solar photovoltic plant of as much as 400 MW capacity in coming years, Anil Ambani informed shareholders on Tuesday at the same time as addressing the twenty second Annual preferred assembly of Reliance energy. He, but, stated the employer will have a look at future opportunities with caution.

"In the near destiny, we are able to extend the potential of our two existing thermal plant life at Rosa in UP and Butibori in Maharashtra from the prevailing 1,200 MW and six hundred MW respectively.", Ambani brought. The employer is pursuing other opportunities, which include setting up a three hundred-four hundred MW sun plant. 

Ambani stated the organization has finished segment I of its Rs 50,000 crore capital expenditure programme. The organisation has an running capability of 6,000 MW. Reliance strength is in talks with clients of its Krishnapatnam extremely mega strength challenge (UMPP) in Andhra Pradesh for a mutual consent to desert the undertaking with the intention to reduce its capex requirement by means of Rs 20,000 crore. 

In April 2015, Reliance energy terminated power buy agreement for Tilayia UMPP in Jharkhand, mentioning non-fulfilment of land acquisition associated obligations with the aid of the country for over five years. This has reduced the capex by Rs 36,000 crore. The organization has also initiated dialogue with procurers of Krishnapattnam UMPP at the traces of Tilaiya UMPP. this may in addition reduce the capex by way of Rs 20,000 crore, Ambani advised shareholders. 

Reliance electricity stopped growing Krishnapatnam UMPP after imported coal costs shot up in 2012-13. The organization had bagged 3 UMPPs, of which it is running the pithead-based Sasan UMPP in Madhya Pradesh. Ambani said Reliance power is amongst India's top three main private strength technology groups. All its flora operated at an availability of over ninety three in step with cent in 2015-16. 

Reliance power has signed an MoU with Bangladesh government for putting in a 3,000 MW gas-based totally energy mission. Ambani stated the agency's sales rose fifty three per cent within the ultimate fiscal 12 months, EBITDA was up 87 according to cent, whilst earnings after tax jumped 32 consistent with cent. Reliance power is leveraged with a debt to fairness ratio of 1.77:1, one of the lowest within the energy quarter, he said, adding that the company had one of the strongest balance sheets among non-public power companies.

Samsung customer says his new Note 7 phone burst into flames

A brand new Galaxy note 7, bought this week in China, burst into flames even as charging, its owner advised LATEST NEWS HEADLINES YOU. Hui Renjie, a 25-year old tech employee, said he ordered his Samsung tool on Sunday from on line store JD.com. It was brought the same day.

Hui charged the smartphone overnight, however observed early the next morning that something turned into wrong. He said that it commenced to emit black smoke while still related to the charger, after which burst into flames.

Samsung customer says his new Note 7 phone burst into flamesTweets by ‎@MRsarkaranjit

LATEST NEWS HEADLINES YOU could not confirm the authenticity of the video, but Hui provided an photograph of a receipt and images that aid his model of events.

Samsung (SSNLF) stated it was investigating the incident.

"we are presently contacting the purchaser and will behavior an intensive exam of the device in question as soon as we obtain it," the organisation said in a declaration.

 Samsung's reputation suffered a large blow following its choice to do not forget 2.5 million notice 7s in early September after reviews of battery fires in some devices.

China changed into no longer blanketed in that consider due to the fact the batteries in the phones sold there came from a special dealer, Samsung said on the time.

on the grounds that then, there have been 4 reports of battery fires in China. The South Korean company has rebutted at least  of the reports. in a single case, Samsung conduced an research and concluded that the hearth turned into due to an outside heat supply instead of a battery.

 however the world's largest smartphone maker is facing claims that it is no longer treating chinese language clients fairly.

The internet site of global instances, a tabloid newspaper affiliated with the ruling Communist birthday celebration, has posted more than one articles criticizing Samsung. One cited an expert as saying that Samsung should provide an explanation for how the be aware 7 batteries within the chinese marketplace range from the ones within the rest of the arena.

Samsung says the battery problem had been found in a tiny fraction of notice 7 telephones but it changed into changing all those with the probably faulty batteries "due to the fact our clients' safety is an absolute priority."

Aviation authorities round the world have warned observe 7 owners not to apply or rate the telephones on planes.

Infosys announces winners of its first Maker Awards in India

Indian IT - Infosys on Monday announced the twenty winners of its first Infy Maker Awards in India, recognising and rewarding innovation throughout healthcare, renewable strength, synthetic intelligence and social sectors.

In its first installment, Infosys acknowledged technology along with a low-fee wind turbine, a scientific kit for pregnant ladies in rural areas and a on foot stick for visually impaired, among others as winners. The 20 winners were selected from a collection of 280 entries via an expert committee.

"These awards are seeking for to understand and reward the creative excellence of makers for the duration of India whose thoughts and solutions have the potential to address the diverse challenges going through our global today. We trust that this initiative will spark wondering, ignite curiosity and gasoline the spirit of innovation throughout the maker community in India," stated Vishal Sikka, CEO of Infosys and Chairman of the Infosys basis u.s.a., in a declaration.

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For judging the excellent entries, Infosys put together a panel of industry vetrans and thinkers that included Biocon Chairman Kiran Mazumder-Shaw, creator Rama Bijapurkar, Aarin Capital Chairman Mohandas Pai, and Infosys COO Pravin Rao.

Modelled around a similar award inside the US by way of the Infosys basis, the Infy Maker Awards offered each of the 20 winners with a prize of Rs 500,000. The company is looking on the awards as an possibility to assist India be part of the 'maker' movement it truly is taking most important tech powerhouses inclusive of Silicon Valley and Shanghai by using hurricane.

Google launches service to take internet to India malls, cafes

Global generation large Google has stated that the quantity of local language net users would bounce to 400 million by means of 2020, from 150 million now. The business enterprise on Tuesday released a host of products in particular for India which include Google station below which it plans to deliver wifi facilities to department stores, public areas, among others.

Google launches service to take internet to India malls, cafes

"After connecting 32 towns and 50 railway stations and three.five million railwire wifi users, we are bringing in Google station. We do not need to forestall at wifi in railway stations. We need to give fast wifi for all of us," said Caeser Sengupta, vice-president of product control and oversees product strategy for Google.

Google is seeking out partners with whom it'll work on placing wireless in public spaces. it is learnt that the organisation may additionally monetize this service within the near future.

The company is also working on a bunch of products around regional languages. within the 2nd edition of Google for India occasion the organisation said that it is going huge paintings on making searches more comprehensive in Indian languages. The corporation is also launching voice based totally vernacular seek platform. right now the platform works in Hindi however the organisation plans to make it to be had in different Indian languages too.

At the first version of Google for India closing December, organisation's pinnacle boss Sundar Pichai released a number of India particular products.

India is the 1/3 biggest startup ecosystem, Google stated. The enterprise has invested around Rs one hundred thirty crore within the u . s . a .'s startup surroundings till now. The organisation has launched Google Launchpad and Google Accelerator investing in mid to late startup through Google Capital. it's far education cellular app developers and has until now enrolled round two hundred,000 college students.

similarly, the company is rolling out its AI based search platform Google Assistant, that's available in its modern day supplying messenger Allo, in Hindi.

China must worry about jobs as firms move production to India

As China's telecom company Huawei starts offevolved production in India, authentic media here has raised the crimson flag, caution that Beijing desires to worry about activity cuts because of transferring of production bases as monetary contention increases among India and the world's 2nd largest financial system.

China must worry about jobs as firms move production to India

"China desires to fear approximately effect of industrial transfer to India on manufacturing chain," an editorial within the kingdom-run global instances stated nowadays.

"As chinese language producers show an growing hobby in setting up assembly lines in India, the economic competition between the two countries is likely to enter a new degree as India and China vie to enlarge their industry chains," it stated.

High Speed Spanish Talgo Train Begins Trial Run In India

Huawei "becoming a member of a wave of phone companies setting up manufacturing centers in the promising cellular marketplace" would result in activity cuts if cellular manufacturing shifted to India.

"In recent years, infinite chinese corporations were protected into the production chain for cellphone companies. it is difficult to as it should be decide how many chinese people are worried in the manufacturing chain, however what is clear is that each one those people face ability job cuts if cellphone providers switch the whole industrial chain of cell manufacturing from China to India," it stated.

"Frankly speakme, China cannot manage to pay for that. The us of a has to ensure its competitiveness in production chains at a time whilst India is turning into a new processing base for manufacturers. this will require chinese language neighborhood providers to keep technological gain via non-stop innovation," it said.

every other article within the identical each day stated as chinese language investments are at the raise, China's firms have to apprehend Indian enterprise and labours legal guidelines before making an investment.

Indian Railways to spend entire outlay of Rs 1.21 lakh crore this year

"India's tremendously stable political surroundings, sustained financial increase momentum, massive population dividend and reasonably-priced labour fees have attracted numerous international traders," it stated.

relating to survey by way of 2014 Japan bank for global Cooperation (JBIC) which ranked India to be the most favored vacation spot for future funding, it stated China's direct funding to India soared final year to USD 870 million, six times than in 2014.

"however, India changed into no longer many of the thirteen nations which obtained direct funding from China exceeding a billion in 2015 and China's funding in India simplest accounted for 2.2 according to cent of the overall USD 39.three billion overseas direct funding obtained via India in 2015," it stated.

"With an increasing number of chinese language firms and buyers casting their eyes to India, it is urgent to rationally verify the political and financial dangers of making an investment in India," it introduced.

How Karan Johar, Deepika Padukone made the conversation about depression cool

Johar has a penchant for emotional frankness, at least as a writer. For his blog on the same news outlet's website, he has tackled troubles like his private life, on-line bullying, dealing with as much as complaint etc.

How Karan Johar, Deepika Padukone made the conversation about depression cool

Within the now widely viewed interview with Dutt, however, Johar has long past a step in addition.

Long past is the flippant, witty Johar, as he lays naked his warfare with despair.

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As in keeping with his feedback in the interview, Johar has been tormented by (and looking for help for) clinical despair for at least the past  years now. He had been prescribed medication for the circumstance, and it has just been three months since it was discontinued.

"You don't sense happiness, or pleasure, or this kind of emotion. I went through that and no one apart from you is aware of what you are genuinely going via," Johar told Dutt in the televised interview, adding that being "forty four, and lonely" was a few a part of what had led to his melancholy. He described making journeys genuinely so he may want to avoid meeting human beings he knew, "slumbering long hours in hotel rooms" alternatively.

the best news, as Johar shared, become that he changed into subsequently feeling upbeat again.

The subject obtained comparable attention whilst Deepika Padukone went public about her struggle with despair remaining 12 months.  Deepika described how, over 2014, she battled exhaustion and a sense of 'emptiness' over numerous months, till she became finally recognized with despair. searching for help from mental heath professionals finally aided Deepika in overcoming the problem.

A comparable impact befell when rapper Honey Singh spoke about his bipolar disorder, and the way it had made him a close to recluse from the amusement enterprise. Coming simply days after tv actor Shama Sikander had shared news about her bipolar diagnosis, Singh's tale chronicled the manic highs and lows of his situation, the fight to locate the proper docs and remedy, and in the end, the 18-month-long avenue to recovery.

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One of the commendable component all of those celebrities have done when they selected to come out inside the open approximately their battles with intellectual health, turned into communicate the right language.

In Deepika's instance, this intended highlighting the stigma this is related to any mental infection of any type. Her narrative emphasized the distinction filial guide, professional help and medicine under a medical doctor's guidance made in an character's battle with melancholy.

Karan Johar's admission additionally emphasises that getting better from melancholy may be a protracted and winding adventure, one which can take years, and one that requires intervention from those who've understanding within the subject.

In addition, Honey Singh's searingly candid interview showed just how severe conditions like bipolar ailment will be, the havoc it wreaked on an man or woman's intellectual and emotional nicely-being.

Why is celebrities like Johar, Deepika and Honey Singh speaking about their battles with mental illness a commendable pass?

Because, as Mumbai-based counsellor Divya Srivastava talked about in this column for Firstpost, 'even in city India, mental health is a topic that (rarely) made it to the discussion-desk; and if it wanted point out, it changed into handiest spoken about, instead uncomfortably, in hushed tones'.

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She quoted a paper published within the Royal Society of Tropical remedy and Hygiene that stated: 'Stigma toward, and discrimination against, humans with mental issues is an crucial barrier to mental health carrier utilisation in India. It contributes to delays in searching for care, impedes well timed analysis and remedy for intellectual issues, serves as an obstacle to restoration and rehabilitation, and in the long run reduces the opportunity for fuller participation in lifestyles.'

And so, Deepika Padukone, Karan Johar, Honey Singh, or some other man or woman who speaks up approximately mental infection and contributes to an open, knowledgeable communication approximately it, deserves no longer just know-how, however additionally appreciation.

Sara Ali Khan doesn’t want to make her debut with SOTY 2

For the longest time now rumours of Sara Ali Khan creating a debut in 'Student of the Year 2' opposite Tiger Shroff were doing the rounds. There had been several reviews awaiting the equal....

Sara Ali Khan doesn’t want to make her debut with Student of the Year 2

Why is Kareena Kapoor Khan upset with good friend Karan Johar?

Why is Kareena Kapoor Khan upset with good friend Karan Johar?

Till some time in the past Karan Johar and Kareena Kapoor Khan got alongside like house on fire, but proper now the two are going thru a tough patch

Why is Kareena Kapoor Khan upset with good friend Karan Johar

That is due to the fact KJo dropped Saif's cameo from 'Ae Dil Hai Mushkil' and he did this quickly after Shah Rukh Khan agreed to do his bit for KJo's directorial film.

Saif, whose profession is not strong in the intervening time turned into relying on a cameo in this big price ticket movie and even Kareena was searching ahead to his association with Dharma another time after 'Kal Ho Na Ho' and 'Kurbaan'. 

Our source tells us that Saif and Kareena are in no mood to patch up with Karan anytime quickly. KJo already isn't always on talking phrases with Kajol due to his on-going tiff with her husband Ajay Devgn and now seems like he may also lose some other true buddy. Will he? most effective time will inform!

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High Speed Spanish Talgo Train Begins Trial Run In India

The trial of Spanish train Talgo, the lighter and quicker automobile with speed up to 115 km per hour, changed into conducted among Bareilly and Moradabad in Uttar Pradesh as a part of the Railways' method to growth the velocity of trains.

"It became a smooth trip," said a senior railway legit after 9 Talgo coaches were hauled with the aid of a 4,500 HP diesel engine on the ninety-km line for the first trial run.

The teach left Bareilly at nine.05 AM, moved at a velocity ranging among 80-a hundred and fifteen km in line with hour, and reached Moradabad at 10.15 AM, the legit said.

As of now, the Delhi-Mumbai Rajdhani explicit runs at an average pace of 85 km in line with hour.

Except decreasing journey time, Talgo's lighter trains devour 30 in step with cent much less electricity.

The 9-educate Talgo educate includes  government elegance cars, four Chair vehicles, a cafeteria, a energy car and a tail-stop coach for personnel and device.

Hamid Akhtar, govt Director of Railways' research Designs and standards company (RDSO) who turned into at the teach on way again from Moradabad, stated, "There can be 3 more such runs" earlier than the success or failure will be assessed.

"It's miles difficult to mention some thing approximately the achievement or failure of the trial... we can report the timings and other parameters all through the journey (in in addition runs)... The records may be analysed and then simplest we will be able to say whatever. however it changed into a smooth experience," he said.

Except the officers, the coaches had been full of sand luggage. There might be trial with empty coaches as properly. After the trial run at the Bareilly-Moradabad line, it is going to be tried on Rajdhani course among Mathura and Palwal for forty days with speed up to 180 km according to hour.

Indian Railways to spend entire outlay of Rs 1.21 lakh crore this year

Indian Railways is speakme to the sector financial institution and a few eastern entities for the development of stations. Indian Railways will spend the complete Rs 1.21 lakh crore earmarked for this fiscal, Minister of kingdom for Railways Manoj Sinha said.

"This 12 months, Rs 1.21 lakh crore has been earmarked and i believe this 12 months 100% of it will likely be spent. last time Railway become no longer geared up due to the fact there has been surprising huge scale investment. Railway officers have been now not organized to paintings on large scale funding," Sinha stated at an Assocham event.

He stated average investment in Railways during the last five years had been to the music of about Rs 46,000 crore, which become extended to Rs 1 lakh crore ultimate year, out of which Rs ninety four,000 crore became spent.

"LIC has for the first time given Rs 1.five lakh crore for investment. we are running on overnight adventure trains in order that Delhi-Kolkata and Delhi-Mumbai can be included in a single day. The coaches were now not designed in advance to suit in a single day journey and it's miles being achieved now," he said.

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He said the authorities's investment in infrastructure has spurred increase in the economy.

"For development of stations, we're talking to world bank and a few eastern entities have come to us nowadays for dialogue," Sinha said.

He stated there were corruption in the methods earlier, which might be being rectified now.

"I recall four years in the past, gentle was issued for NH2 which passes from Varanasi. earlier than building the street, toll series became started at more than one places.

"it's far my personal estimate that the corporation concerned in it would have invested around Rs 50 crore and recovered Rs 1,000 crore. the guideline has been changed that eighty% of work needs to be completed earlier than charging toll," Sinha said.

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He said development activities are transferring inside the right path and could take time to reveal their effect across the us of a.

"before preferred elections, humans have been waiting for that the vehicle will run in pinnacle equipment but it takes time to attain top gear. it's miles very hard to bring large alternate in quick time frame in united states of this huge length," Sinha stated.

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Bharti Airtel, Idea Cellular likely to gain from Reliance Jio entry

It's a guess which has shaken the telecom market with top notch-low statistics and voice tariffs.

The Rs 1.five-trillion (until July 2016) investment by way of Reliance Industries has presented users liberty to devour free voice calls and internet information until December 31.

After that, its services becomes chargeable that too at quotes in order to make key players such as Bharti Airtel, Vodafone and concept mobile sense the heat.

The allegations Reliance Jio has levelled in opposition to incumbent operators for providing insufficient points of interconnect to efficiently make voice calls is some other depend of contention.

Reliance Jio claims that towards a requirement of 4,000 to 5,000 factors of interconnect in line with operator, the interconnections launched by using Airtel are less than 2,000, approximately 1,500 with the aid of Vodafone and close to 1,600 via idea.

no matter these kind of issues, the incumbent players whose margins and purchaser base face a danger from the RIL telco nonetheless have a silver lining. We have a look at how the key telecom players, the telecom enterprise as an entire and the government will benefit drastically from the entry of Jio.

Bharti Airtel, idea mobile to benefit

As Reliance Jio's business release approached, incumbent telecom operators Airtel , Vodafone and idea cut tariff and bundled free calls with records to pressure mass market adoption.

The telcos have not reduce tariffs after Mukesh Ambani officially released Reliance Jio services because there's no substitute to Jio's unfastened plans, regardless of how tons they reduce rates.

however, from January 1 2017, whilst Jio offerings emerge as chargeable, incumbents are expected to reduce quotes for facts and voice plans, appreciably to protect marketplace percentage.

After incumbents cut costs, opportunities are high Jio customers will shift loyalties to Bharti Airtel, Vodafone, and idea mobile, the hooked up gamers within the industry. The Jio network may additionally witness mass desertions after purchasers forestall using Jio sims after the unfastened trial period. this may highly benefit Airtel and idea, that have invested considerably in their 4G and 3G networks.

Though Bharti Airtel has issued statements proceeding to stop the POIs difficulty with Jio as quickly as possible, probabilities are high if the difficulty does not get resolved absolutely, clients opting without spending a dime voice calls may also really transfer to others.

A record through a brokerage says, "it will be interesting to look if RJio is capable of hold its subscribers after the cease of the welcome offer. based on our channel check, there can be about 30-forty% retention, which means approximately 10-15 million subscribers".

Barack Obama Advised Hillary Clinton Before Presidential Debate

President Barack Obama had a piece of advice on Friday for Hillary Clinton, his Democratic party's White house nominee, who quickly faces Republican rival Donald Trump inside the first presidential debate.

Here's What Barack Obama Advised Hillary Clinton Before Presidential Debate

Requested what guidelines he might offer Clinton beforehand of the talk on Monday, the president instructed ABC news: "Be your self and provide an explanation for what motivates you."

He delivered that Clinton "is motivated through a deep choice to make things better for human beings."

The nationally televised debate on Monday, pitting the two foremost-party presidential candidates in a decent race simply six weeks in advance of the November 8 election, is anticipated to ruin target market records.

every phrase, gesture and look can be parsed minutely.

in the ABC interview, Obama praised Clinton, a veteran flesh presser who has to this point didn't inspire a lot voter enthusiasm.

"I have gotten to know Hillary and seen her work and visible her in difficult instances and in exact times," he said of his former secretary of country. "She is on this for the right motives."

No female has ever been elected US president, Obama cited, "so she is having to interrupt down some limitations."

"there may be a stage of distrust and a cartoon of her," he added, "that does not jibe with who I know, this character that cares deeply approximately youngsters."

Vodafone 4G Launched In Haryana

After Airtel its the turn of Vodafone to deliver 4G offerings to Haryana. but, to start with the offerings will be to be had in Karnal and Panipat most effective but the operator stated it'll rapidly pan out throughout Haryana in next few months.

Vodafone has already released the 4G offerings in other telecom circles like Kerala, Karnataka, Kolkata, Delhi & NCR and Mumbai. Airtel was the first operator to launch 4G LTE service in India as well as in Haryana, extra than a yr returned.

The Vodafone 4G services could be offered on the 1800 MHz band and customers get right of entry to the carrier thru various modes like smartphones, Mi-Fi and dongles. The organisation has partnered with many handset manufacturers for a bundling provide.

“As a steadfast accomplice to digital India, we are delighted to start the launch of the second segment of our Vodafone 4G rollout with Haryana. 4G has the capacity to revolutionize the cellular enjoy via effective innovation that influences how we paintings and live. Vodafone’s international understanding and revel in of launching 4G throughout 20 countries gives us a better know-how of this technology and the wishes of the 4G purchaser. Following overwhelming response received in Kerala, Karnataka, Kolkata, Delhi & NCR and Mumbai, Haryana can now revel in the sector’s biggest 4G community experience from these days,” stated Vodafone India CEO Sunil Sood.

Vodafone 4G offerings may be launched in UP (E), Gujarat and West Bengal and in 1,000 towns across the usa by using give up of the year, the organization said in a declaration. The nine circles of Mumbai, Delhi, Kolkata, Karnataka, Kerala, Haryana, Gujarat, UP (E) and West Bengal, collectively make contributions around 70% of Vodafone India’s statistics sales.