Bitcoin in India: ‘The Best Form of Money the Human Race Has Ever Experienced’
India has been in the headlines lately concerning the cryptocurrency Bitcoin and blockchain technology. Just recently the Reserve Bank of India (RBI) said that blockchain technology would “transform financial markets,” which is a good sign for the region. The country is very tech oriented and much of the globe’s IT workforce is from India. However,....
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HUMAN Protocol has launched on the Ethereum Mainnet. To complement this launch – which also involved the listing of HMT (the native token of HUMAN Protocol) on FTX and Gate.io on the 10th of August – the HUMAN Protocol Foundation has now released the HUMAN App: the first opportunity for people to earn HMT directly for completing data-labeling tasks, and the first gateway into the HUMAN experience. HUMAN Protocol provides the end-to-end infrastructure – the tools, plugins, integrations, and APIs – to hire, manage, validate, and compensate individuals at scale. It is....
Vinay Gupta is basically a 21st-century Übermensch whose work and identity are not easy to pithily summarize. He’s a technologist, inventor, futurist, systems theorist, and global resilience guru whose life’s work focuses on how to ensure the long-term survival and flourishing of the human race. It was stimulating conversation about a wide variety of topics, including Ethereum, bitcoin politics, and basic human needs.
Some people say money is the root of all evil. Others say its a necessary evil. Most can agree that it's an important human innovation. But it hasn't been widely acknowledged that the human desire for money can actually be used to peer into the future. A Prediction Market (PM) is a place where people can bet on the outcome of an event. If they guess correctly, they win money. If they guess incorrectly, they lose money. People care about their money, so the market price of an event gives us a good answer to the question "Will this outcome happen or not?" It's not magic. It's the economics....
India is the largest remittance market in the world and in fact, the country depends on a great degree on inward remittances, more so since the global economic crisis of 2008 than ever before. This should not come as a surprise as Indians form the world’s largest diaspora, according to figures released by the United Nations. In the past five years, more than two mln have migrated abroad. In total about 15.6 mln people born in India now live abroad. According to the Wall Street Journal, Indians working abroad sent a record $72 bln in remittances to India. In the last decade, remittances....
Bitcoin will succeed not just because it is the best monetary technology, but because it is the money most aligned to principles fundamental to human nature.