Part1: Definitional Issues I am trying to understand the concept and use cases of blockchain. I plan to put up a series of blogs on this subject as I navigate through the complexity of the subject. I will be more than happy to receive any response pointing out flaws in my understanding. Please write to […]
Category: Bitcoin
Cryptocurrency Markets- concentrated and top heavy
Distrust in fiat currency, controlled by a state, was one of the principal motivations in designing of the Bitcoin protocol. It was designed to be a decentralized system of creation of new money by a transparent computational algorithm. Any person participating in the currency’s ecosystem can run this algorithm on a computer and generate new […]
Central Bank Digital Currency -a Blueprint
eRupiah: RBI’s Virtual Cash Key words: Central Bank Digital Currency, public key-private key cryptography, Digital currency wallet, Corruption, Introduction: No currency has ever been used in the human history which did not have the stamp of an authority. Bitcoin is a medium of payment but it is not money for the same reason. Nonetheless, the […]
Trading or Investing in Bitcoin is Injurious to your Financial Health.
One of the fundamental lessons of all financial scams is that there always exists enough number of gullible people to be conned by merchants of dream. For example, the people of 17th century Amsterdam started believing that prices of a bunch of tulip bulbs could rise to a level higher than the value of a […]
Central Bank Cryptocurrency Currency
Central Bank CryptoCurrency (CBCC): Digital currency is currently in news. Russia and China is reported to be on the verge of issuing official cryptocurrency. CME, the world’s largest exchange, is planning to introduce future on Bitcoin by the end of this year.Here Here In my last post I have explained why Bitcoin can be considered […]
Bitcoin- Comment on Aswath Damodaran’s Post
Prof Aswath Damodaran (AD, henceforth) is a well-known name in the field of corporate finance and valuation of financial products. It is unfortunate that despite his formidable reputation in valuation of financial products, his latest “Musing on market” is a complete let down (You can read complete post here). He starts the blog by classifying […]