In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
This marks a paradigm shift in India’s economy because it is essentially an effort to force Indians to adopt the kind of electronic currency already widely used in the United States and Europe. The bills withdrawn were the largest denomination currencies issued in India.
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This could be a major game changer because it could allow people to send untraceable bitcoin payments at the touch of a button. If it works as advertised; StartChat would enable a person in a nation with strict financial controls; such as China or Argentina, to move all of her money out of the country with a smartphone.
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