Showing posts from November, 2016

Going away with money and making a currency that counts to unity always.

Going to the beginning of the problem and taking a different way to solve it, instead of money and currency.

Note: Money Vs Currency

The difference is not money (gold and silver) has value, and currency doesn't have. Actually, they both don't have any value, as it doesn't serve our need. The real difference is we can't create money with time and effort.

To take the decision now, we need to understand the past and break the reproducible patterns that don't work in the past, to have a better future.

Require (something) because it is essential or very important rather than just desirable
Need is something that is required for us to thrive. Our actual needs are the concrete object like food, clothing, mobiles, computers, services like education, electricity, water, air and endless list.
Some of it like air and water, which doesn't require any exchange (we do sell purified water), as they are sufficient in amount and …

Future of Money: Removing the negative impacts of money

Just got an idea, we have two types of money, one required for short time for doing an exchange and other for storage.
Name it: Exchange bitcoin and Storage bitcoin

A centralized server (bitcoin bank) to generate bitcoin money who will keep track of money.

Exchange bitcoins will come with an expiry date of one/two month. After bitcoins, are expired you have to reactivate your bitcoins from the centralized generator using your valid identity.

In this way, money will remain accountable, can't be misused by anyway and money also can't be concentrated.

Also, you can get bitcoins for storage (storage bitcoins), which can never be used to buy services or goods, you can get the storage bitcoins from bitcoin bank exchanging your exchange bitcoin. Storage bitcoins will be tagged with your identity, so you can't exchange it with anyone. Only you can exchange it through bitcoin bank to get exchange bitcoin.

Also no chance of hacking, freedom of p2p exchange. No problems at all.

What …

How to make India cashless economy in limited time and solve cash crunch?

Some of the steps that need to be taken:

1) First, inform retailers and shops to use eMoney wallets such as SBI Buddy for taking payments. Also, people to pay with these wallets. It's the MOST IMPORTANT step.
Informing is not an easy step, it requires the support of media, all politicians, and volunteers .

Digital money transfer through IMPS also costs about Rs 24 per transaction. This has to be completely removed. Transfer costs should be same as that of payment gateways.

There is another problem: server load. Are our bank servers ready to make such a huge amount of transaction? How many transactions a bank server per minute can make?
I think it has the limited capacity now because transaction fails many of the time, also we don't get OTP.

So in order to solve the server issue we need to distribute the load among different apps. With a limited number of transactions possible per an hour.

A merchant should install all the apps together to get money, just like merchants who do …

Questioning beyond textbook exercises and making an own (alternative) hypothesis to explain. Is it allowed in our education system?

Our education system problem: Teachers prepare questions and students answer it by learning  from explanation of the book. We don't teach our kids to question and also come up with their own hypothesis or explanation. In some generous schools, even though teacher encourages to question what student don't understand, but they are hesitant to encourage difficult questions that have no answers or questions that teacher doesn't know.

By this method, we are just stopping our kids to imagine or be creative.

So, let me go with the example, some very interesting questions that students asked in class.

1) Water and ghee, why does ghee floats in water?
According to the book, water is polar and ghee is nonpolar, so water repel out ghee and they get separated from each other. But why ghee floats in water? Water has the molecular weight of 18 g/mol, while ghee is a long chain hydrocarbon, its molecular weight is much larger than water.

Some of the hypothesis:
a) The density of ghee is …