India’s new tax law on Bitcoin and digital assets shows the government has no ambition to be a world leader. Despite all the brain power, it’s always going to be a poor country because of the government’s third world mentality.

India is known to be the world’s largest democracy. But the government there has always been very backward. That’s why in spite of all the man power and brain power, it’s still a third world country. CEO of Google, Microsoft, IBM, Adobe, Twitter etc. are all Indians. Think about where Read more…

India’s crypto tax new rule: Losses from one crypto asset cannot be used to offset gains in another. So if you lose some in trading BTC, you cannot offset that vs gains from another asset. Death by over-regulation seems to be the strategy.

Adjusting capital losses from one crypto asset against gains from another asset is pretty common.. except according to the Indian government, this is not allowed either. Answer provided by government Moreover, if you are mining, you cannot treat the mining infrastructure investment as costs. This nonsense is on top of Read more…

Social media only took off about 15 years ago. While it has been revolutionary, there have been unintended consequences (disinformation, polarization, teenage mental health, etc). We all believe Cryptocurrency will also be revolutionary but what unintended consequences do you foresee for Crypto?

Title says it all. Smart phones and social media have without a doubt changed the world rapidly and has forever changed our lives. However there have been growing pains and some unintended consequences of this technology adoption. Do you foresee any unintended consequences as a result of mass adoption of Read more…