By Ashok Nag This is a dialogue that I had with CHAT GPT My Question: How many crypto currencies are now available? List the top 10 ones. CHAT GPT: Bitcoin (BTC)-1, Ethereum (ETH)-2, Tether(USDT)-3, Binance Coin(BNB) 4, Solana(SOL) -5, XRP (CRP) -6. USD Coin (USDC) -7, Cardano (ADA) -8, Avalanche( AVAX), Dogecoin (DOGE)-10. My Question: […]
Tag: digital currency
Central Bank Digital Currency
I am providing a link below to the latest version of my paper. The Reserve Bank of India has declared that it will start a pilot project on the issuance of CBDC. The former Governor Subbarao has strongly cautioned RBI against any interest payment on account-based CBDC. Please see my detailed discussion on various issues […]
Central Bank Digital Currency
In December 16 2019, I wrote this letter to RBI Governor To The Governor Reserve Bank of India Mumbai Sub: Possibility of introducing Central Bank Digital Currency in India- a Technical Blueprint Respected Sir, Many countries in the world including China are experimenting to introduce Central Bank Digital Currency (CBDC). I have worked out a […]
Corporatization of Nations
Reliance Jio Infocomm Ltd, the telecom arm of India’s largest company by market cap (NSE:RELIANCE), plans to create its own cryptocurrency called JioCoin. Supply chain management logistics and loyalty payment with JioCoin are amongst the envisaged uses of JioCoin. Worldwide, many large corporates have already started launching their own private cryptocurrency. KFC, Burger King and […]
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 […]