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Scope of Bitcoin and Blockchain in India

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In the simplest terms, Bitcoin is a digital asset and a payment system which uses peer-to-peer technology to operate with no central authority or banks. Geographical boundaries don’t limit it, and unlike paper currency, managing transactions and the issuing of Bitcoins is carried out collectively by the network, using complex and cryptographic code used in its design.

The most striking feature about Bitcoin is that it makes use of the Blockchain technology. A blockchain is an incorruptible digital ledger that can be programmed to record details of financial and non-financial transactions. The data is stored in a distributed database and is immutable and permanent. The whole ledger is entirely transparent, and anyone connected to the network can view the transactions.

In the present digital age, India has the potential to become a huge market for Bitcoin and Blockchain. I say this with confidence, as I have been a witness to the latest trends in the gradual shift towards a digital and cashless economy. People are now starting to place their trust in a robust and dependable mechanism other than contemporary paper currencies. Adoption of Bitcoin has a thrilling potential to empower flawless transactions and deliver economic solutions for a transparent process.

Post demonetization, the financial institutions weren’t adequately equipped to handle the huge workload and this, in turn, brought out the problems of having a centralized authority for managing financial transactions. Following this, the RBI started encouraging banks to promote digitization and released a statement highlighting the potential of Blockchain to fight counterfeiting and the possibility of bringing about a significant transformation in the functioning of financial markets, collateral identification (land records for instance) and payments system.

The integration of Blockchain with financial transactions could save us substantial amounts of time and money, with a dramatic reduction in the time required for processing and authenticating transactions. The fact that it operates on a decentralized database has made operations seamless, ensured a tight security and made it safe from cyber-attacks. Multiple financial institutions have started investing heavily in research in the field of Blockchain after realizing the benefits offered.

Blockchain can also help us in curbing the circulation of “black money” and dealing with the widespread money laundering in the economy as every address used for transactions is permanently stored on the databases, making all transactions verifiable and accountable. The government is starting to see Blockchain as an avenue to explore a gamut of options that might help us enforce a tighter control on the economy of the nation.

Blockchain has also successfully dealt with the problems of unauthorized spending, double spending of the stored currency and race attacks, thereby increasing security. The increased security helps attract a wider audience, as there has been a significant increase in the number of cyberattacks in the recent years.

This concept could be extended to other fields too –

· Governance (by making the results fully transparent and publicly accessible, Blockchain technology could bring full transparency to elections or any other kind of poll taking. Issuing smart contracts helps to automate the process).

· Crowdsourced VC funds (where participants purchase tokens and vote on capital investments, thus initiating a paradigm shift in economic co-operation between businesses and the public)

· File storage (saving the data on distributed networks prevents it from getting hacked or corrupted)

· Protection of intellectual property rights (by enabling publishers and creators of content to track ownership by making the details of the origin of the data transparent and curbing the widespread piracy of content)

· Stock trading (increasing efficiency in share management, making trade confirmations quick and eliminating clearing houses, auditors, custodians), etc.

As a global IT competitor, it is the right time for India to start boosting its efforts to capitalize on this opportunity and become a key player at the global level in the field of Bitcoin and Blockchain. Venturing into open waters across these areas might lead to the creation of a stable and concrete structure across the digital world, thus enabling a holistic development of the entire IT sector.

In Conversation With Miners Working With GBMiners | Week 1 | GBMiners Success Stories

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Hello Community,

Ever since I set up GBMiners, I have wanted to talk about the miners who have been constantly working towards making our mining farms with an enormous success. The relationship we share has benefitted both GBMiners and the various members of our mining team.

I have decided that from now on, GBMiners will cover the success story of five of our miners every week. For the next three months — from April to May — we will talk about how GBMiners has changed the lives of the miners.

1. Name/Author: Mukul Gupta

My name is Mukul Gupta and I work as a Senior Economic Analyst with ICRA. Earlier, I had worked as a Currency Strategist at various organizations such as the National Stock Exchange of India Ltd (NSE), IDEA global and the Confederation of Indian Industry (CII). I have always been very optimistic about Bitcoins and a few other cryptocurrencies. When I came to know about GBMiners and the mining contracts the company offered in India, I was both delighted and a bit sceptical. Delighted because it was a wonderful opportunity to be a part of a revolutionary technology called Bitcoin and earn good returns on it. Sceptical because there are a lot of Ponzi schemes in the market and I did not want to end up being duped and lose my hard-earned money. Nonetheless, I decided to delve deeper and attended an event organized by GBMiners in New Delhi where I got to know more about Bitcoin technology and GBMiners. I also met Mr. Amit Bhardwaj during the event and most of my doubts and scepticism about the company vanished after speaking to him.

I started Bitcoin mining with GBMiners in August 2016 (deeply regret that I did not start early) and I have since then been regularly investing my Bitcoins with GBMiners. I am happy to say that my experience in GBMiners has been very enriching both personally and financially. GBMiners has honoured all the commitments of the mining contract and has also been taking steps to improve the returns for its investors. My interactions with other cloud miners at GBMiners have also convinced me that GBMiners is committed to working for the financial well-being of its investors.

I am very bullish about Bitcoins and the future of Bitcoins in India. The government of India has already set up a committee to look in to providing a legal status to Bitcoin in India and I am confident that Bitcoin will soon be accorded a legal status in India. My optimism stems from the recent progress made in some of the advanced countries including Japan in providing legal sanctity to bitcoins. I am also optimistic about a few other crypto currencies including Ethereum, Ripple, XEM. I think they hold great promise in terms of their usage in solving some of the real-world problems and I feel that the time is ripe to go long in some of these alt-coins.

2. Name/Author: Rahul Tungatkar

My name is Rahul Tungatkar and I have been working with GBMiners since July ’16. Prior to getting involved with GBMiners, I completed my MBA and had been working as a Chartered Accountant. I strongly believe that Bitcoin would be as popular as Paytm in the coming future. It is the most refined way of making digital payments and can also become the main currency for online shopping and savings. I believe that other cryptocurrencies can see considerable growth with their popularity but they will never be able to reach the success and level of Bitcoin.

3. Name/Author: Mayank Jain

My name is Mayank Jain and I have been associated with GBMiners for the past five months. Before taking up mining, I had been heading the sales division at the Audi dealership at Okhla, New Delhi. I have a strong feeling that in the coming years, cryptocurrencies will see a boom, which could be compared to the one witnessed by computers in India a few years ago. Talking about other cryptocurrencies, I personally believe that the cryptocurrency mined by GBMiners would start growing. I am strongly looking forward to hearing about the new token launch as I feel that it could act as a great investment opportunity of people who are just getting started with investments in cryptocurrencies.

4. Name/Author: Sukhbir Singh Suri

My name is Sukhbir Singh Suri and I’ve been working with GBMiners for four months. Before being associated with GBMiners, I was running a t-shirt business with the name ‘Joketees’ based out of Mumbai. I believe that Bitcoin has just started witnessing remarkable growth in India and has a long way to go. According to me, the ones who have missed the Bitcoin jump the last year have a chance to invest in other Altcoins now and earn like the people who had invested in Bitcoin last year. As vendors all over the world are starting to accept payments made in Bitcoin, now is probably the best time to start investing in them.

5. Name/Author: Dr. Sandeep. D. Borse

Hey, guys. My name is Dr. Sandeep D Borse and I am relatively new to the whole mining process. I started mining in December last year. My first contract with GBMiners was of 3 Bitcoins, immediately followed by another contract of 6 Bitcoins. These two contracts were followed by multiple top-ups in each pay-out, totalling to an impressive 13.5 Bitcoins till date. The future certainly seems bright for Bitcoin and if the government of India makes Bitcoin legal, it would only add to the achievements of Bitcoin and would attract more customers from the Indian subcontinent. Since I’m still an amateur, I haven’t had much time to read about other cryptocurrencies apart from Bitcoin. But I’m sure that they too might gain a lot of support and popularity, as the advent of cryptocurrencies has been taken well by the general public and people are finally starting to accept them.

In Conversation With Miners Working With GBMiners | Week 2| GBMiners Success Stories

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Hello Community,

Ever since I set up GBMiners, I have wanted to talk about the miners who have been constantly working towards making our mining farms with an enormous success. The relationship we share has benefitted both GBMiners and the various members of our mining team.

Here are the Week 2 Stories:

1. Name/Author: Sominder Kumar

Hello, everyone. My name is Sominder Kumar and I started mining with GBMiners sometime around November last year. I am not a full-time miner. I just offer my services. As far as mining is concerned, GB miners does it for me. I am merely a cloud mining contract holder with GB Miners.

I personally feel that Bitcoin or any other form of virtual currency for that matter has a lot of potential in India as well as all over the world. People are showing an interest and are attracted towards virtual currencies due to the safety, speed and transparency they provide and the low cost involved in transactions. But there is a lot of talk happening about the government stepping in and trying to regulate the virtual currencies. My view is that a clear majority of people will shy away from using Bitcoins or Alt-coins the very moment Government steps in as a regulator. The freedom and fun in Bitcoin is the lack of regulatory control and that is what makes it so popular.
Secondly, it the high percentage of return from Mining contracts that makes Bitcoin so popular. According to rough estimates, a respectable number of people who purchased Bitcoins in the last year and a half year are those who have purchased mining contracts with Bitcoins. Prior to that, the number of people holding Bitcoins for capitals gains was not great.

Every form of virtual currency has an interesting future in India. A few years ago, we had daily lotteries operating in India. Many people in those days used the winning tickets as currency to be used in future for a certain period. The only reason was Lack of regulation.
I do see a good market and future for Alt-coins also but somehow their popularity may be inversely proportional to the popularity of BITCOIN, so to say. Other coins may gain a foothold only in two situations-

(i) Bitcoins are regulated or lose prominence for some reason

(ii) Bitcoins reach a level where it may be difficult for an individual to buy even a few bitcoins due to prohibitive price.

2. Name/Author: Andras Szekely

My name is Andras Szekely and I am from Hungary. I have only been associated with GBMiners for the past six and a half months.I’ve been in the IT industry for over 30 years developing and building IT networks in Hungary and in several countries. I even had the opportunity to participate in Sydney 2000 Olympics Games and build up the whole IT infrastructure for Hungarian National television. I participated in Kairos Technology and became “popular” quickly. I travelled twelve countries on behalf of the company in less than six months and spoke to more than 6,000 people about the need of data storage and backup technologies. In January and February this year, I started dealing with cryptocurrencies and Sanjeev asked me to participate in this big opportunity. Also, we began talking about other projects with a Hungarian inventor about energy systems which could be a gain for Bitcoin mining farms. I built an IT system and the inventor helped the technology get very efficient. We used solar energy — energy from the sun — for bitcoin mining.

As far as I can see, GBMiners is very trustable and thus I decided to stay with this and work big. I got an invitation from Sanjeev and after visiting GBMiners mining farm, I’m sure that a lot of people will trust GBMiners and join the system.

I think, mostly I answered above. But, what I know is that Bitcoin mining, connected with a good economic environment is likely to build up it in India and could be a very powerfully “package”. Also, Bitcoin should not be reduced to only the “money side”. Rather it could be a new way of storing sensitive data around the world.

When dealing with coins and seeing the movement of this technology, we notice a bottleneck of “Bitcoin” and the AltCoins can be a suitable alternative of this technology. But I also think that Bitcoin will evolve in many directions and as for big companies, banks and governments the core coin will be for a longer period the basic interface.

3. Name/Author: Sudhakar Hannda

Hello, guys. My name is Sudhakar Hannda and I have been working with GBMiners since October last year. Before I ventured into mining, I was working as a hospitality consultant.

I am not sure about the future of Bitcoin in India, considering our Finance Ministry’s mysterious ways. We may see heavy taxation or a complete ban on Bitcoin in India for trade purposes.

I strongly believe that Bitcoin will remain Numero Uno. But Ethereum seems like a winning currency too.

4. Name/Author: Ajay Chhabra

My name is Ajay Chhabra and I became involved with GBMiners in January this year. Prior to becoming a miner, I was managing my own business which dealt in industrial gases.

I think that sooner or later, the Indian government will also accept Bitcoin would help in the growth of digital India.
I think nowadays, the entire world is taking keen interest in cryptocurrency and more than 180 countries are accepting this virtual currency. I hope to see a bright future for Ethereum, Ripple, Zcash etc.

5. Name/Author: Ankit Ahlawat

Hi! My name is Ankit Ahlawat. I am new to mining and started working with GBMiners in January this year. Prior to this I worked with IndiaFirst Life Insurance company.
I think that the future of Bitcoin in India is great but I believe it will be greater after legalization.

Talking about other cryptocurrencies, I don’t know much about Alt-coins like Ethereum, Ripple, zCash etc.

Hello India, My vision for 2017. Bitcoin, Blockchain and Cryptocurrencies

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I have been a blockchain enthusiast for more than 3 years now. I have seen years end and start and blockchain enthusiasts passionately claiming the coming year to be theirs. And we hear something very similar this year, the ubiquitous roar that 2017 will belong to blockchain, the coming year bitcoin shall rise to so and so price and so on. But from my personal opinion, the voices are louder, more diverse than ever and the enthusiasm fuelling their voices is less of hope and more of jubilation, more like of the song the crowd sings when you’re 3–1 or 2 -0 ahead in a game and your team is defending the last 2 minutes of the champions league.

And the reasons for this pragmatic optimism and not just hope lie in the wonderful year 2016 has been for blockchain enthusiasts. In 2016, price of bitcoin rose from $430 to almost $1000 . And this is an increase that did not happen overnight owing to some change in policy by a major government but a price that has grown slowly and steadily on a trading volume of over $55M weekly. A volume which is about 100 times the trading volume that prevailed when Bitcoin last hit this range. An year that clearly demarcated bitcoin price will no longer be held hostage to small events, +ve or -ve, across the globe, but rather the currency has an inherent fundamental value and will have its value be determined by people’s acceptance and perception of that inherent utility/value. A true reason for celebration for bitcoin investors.

2016 was also the year where the marriage of cryptography and blockchain made another giant leap. This was the year where the couple presented their second child to the world, namely smart contracts. Ethereum, the most popular platform for smart contracts, saw the creation and crowdfunding of a Decentralised autonomous organization (appropriately named the DAO) which would invest money in blockchain projects across the globe, raise over $150M in less than 50 days. Unfortunately, the DAO got hacked, but the ethereum leadership could not have impressed the world more by choosing to act and hard fork the project to save $50M worth of currency from being stolen by hackers. Indeed, the entire ethereum community did not approve of the hard fork, but the dissent was very maturely resolved by the natural creation of two parallel chains/tokens. The entire incident sets precedent of how the ethereum team, lead by Vitalik, combined the best of principles of decentralisation and active central leadership to arrive at a solution where most people were pleased except the hackers. This in my opinion showcased the present world, that blockchain enthusiasts are prepared to provide solutions much better than the world has been witnessing so far.

This was also the year where banks extensively discussed, experimented with and prototyped blockchain solutions in their numerous daily operations. These may be ranging from settling international transfers to trading desks to the royal mint offering gold trading to even running stock markets on blockchain. In fact, 2016 can almost be said as an year where banks stole the limelight of action from cryptocurrencies in the realm of blockchains. It is more than evident that these POCs are likely to fructify in 2017 and maybe start bearing fruits by mid or late 2018.

2016 also saw the biggest corporations across the globe participate in the blockchain industry. All three, namely Microsoft, IBM and AWS saw release of Blockchain as a Service, offerings on their cloud platforms. The biggest technology firms, namely Infosys, TCS, HCL and Accenture, released their blockchain offerings for banking and numerous other industries and actively engaged in POCs with various industry leaders. While on the other front, the big 4, also partnered with numerous technology partners to offer blockchain solutions to their clients across the globe and showcased their blockchain readiness. It was a fabulous year where both immense technological infrastructure was created by tech giants and numerous solutions were built and tested with industry leaders by both technology and management consultants. The next year only beckons to be even more full of opportunities for those who are ready to help the industries benefit from the efficiencies of distributed ledgers.

And to make all of this happen, the governments across the globe and throughout the year, for the first time, welcomed blockchain and bitcoin more than rejecting them. The IRS of the USA, approved a bitcoin individual retirement account, allowing people to directly invest savings for retirement in bitcoins, the government of Japan became the first major government to officially recognise bitcoin and digital currencies as money, the government of Russia softened its stance on usage of bitcoin by abandoning penalties. Also, it is very interesting to note that global financial instability, whether that be induced by Brexit or the bad debts of the European banks or the

Chinese government tightening external capital flow or the demonetisation by the Indian government have all lead the masses towards bitcoin as a safe haven of store of value.

Talking about me personally, we launched GBMiners, which reached about 108 PH/s in about 115 days, averaging about 1 new Petahash added per day, making us the fastest growing bitcoin mining pool in the world, the 2nd largest mining pool outside china and 9th largest globally, operating at almost 5% of the network mining power. We launched CoinBank, a Bitcoin Bank where you can do fixed deposits and we offer 1.5% per month interest rate on a 6 months fix deposit, which is the highest offered by an bitcoin wallet/bank globally.

I have recently also invested in Satoshi Studios, an incubator for South East Asian blockchain startups where the intention is to fund at least 6 startups by 1st of April with $50K each and do a three month intensive program with them while also inviting blockchain experts from across the globe to meet the best of the budding Asia in New Delhi.

We also privately launched BitcoinGrowthFund, a VC fund for blockchain startups in South East Asia. Interestingly, the fund lets investors buy tradable tokens against their investments thus essentially solving the liquidity problem of LPs/investors. The tokens are also stored and traded on blockchain in the form of colored coins, making it the first of its kind Blockchain fund in the region and if the experiment goes well, we will be happy to launch a fund for non blockchain startups also towards the end of the year. Venture Capital is another industry waiting to be disrupted by distributed ledgers.

Earlier in the year, I have invested in 6 other Blockchain startups, all in stealth mode, based out of India, one of them is soon launching an Index Fund for cryptocurrencies, which will help cryptocurrency investors both hedge their investments and also maximise return by carefully choosing a basket of promising alternate currencies to invest in. The team has been busy number crunching for the past six months in pilot phase and so far their chosen basket of alternate currencies has outperformed bitcoin over the matched time period, despite bitcoin’s ominous march in the last few months.

Regarding my vision for 2017, I would love to see many industries getting disrupted by the efficiencies brought in both cost and time by Blockchain, some of them being, namely; Banking & Finance, Healthcare, Supplychain, Insurance, Real estate, Governance/Public sector, Media & content, Anti-counterfeiting. Personally, I am willing to help ([email protected]) startups in any capacity whether that be raising capital, or opening access to connections or lending a hand in technological expertise. Over the past few months, we have built a small but very capable ecosystem of Bitcoin Enthusiasts and Developers in New Delhi, who would be very happy to help anyone dabbling with blockchain or cryptography.

I see a great potential for Blockchain in South East Asia, for it is a region which can gain massively by skipping a technological inefficiency in its journey of digitisation of systems and processes and directly reap the benefits of efficiencies of decentralisation and personally I am really really excited for that revolution to happen in my country, and I am willing to dedicate all I can to the cause for the coming year.

Introducing Fixed Deposits on Bitcoins in CoinBank and Future Plans

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I am super excited to announce a new feature at CoinBank. Now you can grow your Bitcoins by doing Fixed Deposits (FDs) in your CoinBank wallet.

I request the CoinBank community (on Android and iOS) to test our new FD feature with any small amount. We have two plans of 3 months and 6 months Fixed Deposits. On 3 months we are offering 1% rate of interest and on a 6-month deposit, we are offering 1.25%. This is the highest rate of interest offered on bitcoin globally by anybody.

How I see CoinBank in future:

Our Vision at CoinBank is to bring Bitcoins and Other Virtual Currencies in our everyday life.

With Bitcoin becoming the most appreciating asset of the last couple of years, more and more people are looking to save their money in Bitcoins. And now with CoinBank, you can get interests on your Bitcoins. That makes Bitcoin the idealist choice of storing money.

I envision a future, where we all earn our money in Bitcoins. Most of the places where we need to spend money will start accepting Bitcoins in next 10 years. The ratio of money that we will keep in Fiat currencies vs Cryptocurrencies will keep making a shift on the right side.

As a part of our Roadmap of becoming an alternate currency ecosystem in the world, we are working on more features which I will keep unveiling every month as and when we will launch them:

a) We are working to launch CoinBank debit card, using this debit card you will be able to pay at any place that accepts Card. We have written a beautiful piece of code to make this happen

b) You will be able to buy more currencies like Ethereum, Zcash, Litecoin etc from Bitcoins.

c) We are integrating with partners so that you will be able to book a cab, flight, hotel or order food or recharge your phone with Bitcoins.

I would be more than happy to listen to any feedback and suggestions on how can we improve CoinBank. Building a parallel ecosystem with virtual currencies is something very close to my heart.

Blockchain - Witnessing The Biggest Revolution By Mankind In My Lifetime

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Lot of talks and debates have happened in 2016 about various use cases of blockchain in different industries and sectors. Multiple high profile institutions across the globe have been doing R&D of what is possible with blockchain and where it can help industries to save cost, improve efficiency or make more robust systems. In September 2015, after a survey with more than 800 executives, World Economic Forum reported that 10% of world’s GDP will be overseen by blockchain by 2027. That would be trillions of dollars on the blockchain.

My personal belief is that blockchain is one of the biggest revolutions by mankind that I would see in my lifetime. I say that for a lot of reasons and among them, the biggest one is that the blockchain technology has given mankind a solution to a problem which was never solved before. The problem was that how do we make such systems where we do not need to trust the owner, creator or the operator of the system for the system to run (function) in a reliable manner. Now, in our pre-bitcoin world, we relied on banks to take care of our money and we trusted them with our money, and more often than not these institutions have withstood and have done justice to our trust in them. But essentially, whenever we are trusting a bank (whether retail or investment), we are fundamentally assuming: a) they have the capability to do justice to our money/trust and b) that they have the right intentions, to not betray our trust. Now, all of us are well aware of examples where banks either lacked the capability to do justice to our trust in them (Remember the cases of India’s biggest public sector banks lending 1000s or crore rupees to Vijay Mallya, without the appropriate documentation or collateral, and it was indeed a wonderful move by the Indian government to recapitalize the banks by demonetization and essentially improve their Cash Reserve Ratios, and we have no clue, if any of the Indian public sector banks might have collapsed owing to exceptionally high NPAs, and this would have happened not because of their mal-intentions but because of their inability to stand-up to the average man’s trust in their capability to keep his money safe). While on the absolutely other hand, we have seen enough examples of trust being betrayed by financial institutions in the western world owing to mal-intentions of the very men running the institutions.

Hence, for all those matters that really matter, we have learned that humans are inherently unreliable and untrustworthy. Hence any system whose unique selling proposition or critical point of failure is human trust is more than likely to fail today or tomorrow, either owing to lack of capability or due to mal-intention. While we also know that trust is a paramount necessary characteristic of any trade of exchange of value, and this conundrum had kept the most talented brains of humanity busy for years. And it is only recently, in 2008, that this fundamental problem was solved, of how we can remove reliance on human trust for exchange or store of any value and this solution was presented not just theoretically but also demonstrated with a real world application, which we now know as our beloved bitcoin.

This for me, is the most beautiful thing about blockchain technology, that it has been able to remove the need to trust humans, to store, record or even trade anything of value or importance, ranging from a school diploma to the huge amount of wealth. And when trust is placed in computer verifiable mathematical equations, few of very very wonderful things happen, two of them being;

  1. a) it becomes very easy to scale these systems
  2. b) the cost of establishing and proving trust goes down, i.e. creating trustworthy system becomes very affordable.

Now what the above two mean, is that any one, who understands the principals of blockchain is able to create institutions of trust at an exceptionally lower cost both in terms of time (also known as, experience, here) and money. This leads to the creation of, alternate banks or institutions with a bank like trust, in various sectors or industries of human storage/trade of value/importance, by young entrepreneurs, with very little capital or social reputation to show. Ex: anyone with a publicly mathematically verifiable decentralized ledger/database can create a bank for college degrees, land records, public distribution systems, public health records, intellectual property rights and so on and on, as long as it is of value to anyone, ranging from an individual to a private organization to a government.

These banks, devoid of human trust and hence devoid of possibilities of central failures, which are being created every moment by really really smart young entrepreneurs who understand Satoshi Nakamoto’s invention or rather a solution, have the potential to change the world completely the way we see it.

 

Banks that take care of money, wealth, as institutions have been responsible for tremendous growth of mankind in the past three hundred years, it is them because of which the present capital market system exists, it is because of them that we have this huge private equity market, and it is because of these private equity firms that we have absolutely wonderful companies like Facebook, Uber, Airbnb and thousands of others are changing our lives absolutely majestically, and it is also because of them that we have this flourishing spirit of entrepreneurship across the globe, and now imagine if we had banks in all the various sectors/industries ranging from education to healthcare, to insurance to real estate to food to pharmaceuticals, to genomics to intellectual property whether it is of music or scientific innovation and so on and on, how fast would all these industries grow, what how steep would the rate of innovation be in all these industries if they had infallible banks, repositories of information which all individuals, organizations and governments and even judiciaries trusted and agreed on. Such an environment and infrastructure of innovation is being laid down by blockchain companies at this very moment across the globe. And mankind would enter an era of an imaginable rate of innovation when this infrastructure is laid.

And it is for the above reason that I am backing Satoshi Studios, to help young visionaries establish the infrastructure of innovation across various industries in South East Asia and also launching a venture capital fund to help these brave young men and women. If you’re interested in being a part of this journey with me, a post blockchain world, a world where we will take the blockchain infrastructure for granted will be so much more beautiful and efficient, just as the present post-internet world, where we take the internet for granted is so much more beautiful and infinite than the world without internet, please feel free to reach out.

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