crypto products.And then if these are unregulated and can be highly risky, there may be no regulatory recourse for any loss from such transactions.This is independence.A special coffee in Crypto am Arun Singh of Very Warm by Coverages show and in today’s office will be talking about financial independence will be discussing a concept which is called choir, but before that big storeys of the week.
UN.Has said that the use of crypto currency rose globally during the Cove in 19 Pandemic and India became the seventh highest country in digital currency as of 2021 7.3% of and population owned assets in form of digital currency, the trade and development body.That United Nations Conference on Creon Development stated the figures for other countries as well, with Ukraine topping the list with 12.7% followed by Russia at 11.9% moving on to the next storey.
Reuters, quoting semi Officials of Means Agency, reported that Iran has made its first official import order use.The move could enable the Islamic Republic to circumvent US sanctions that have crippled their economy.The order was worth $10 million moving.One expert City Football club looks to become the first National League football club to accept matchday payments in Bitcoin pans.Will be able to purchase tickets, food and drink a rock for cities.
Ross Charging Stadium with Bitcoin over the Lightning network eight point is a Cryptocurrency created by yoga labs and adopted as a NATO token off very popular board.If your club, which would now be accepted by Gucci, it’s Alan, Hi and Luxury a Barrel House announced that some of it’s US stores would accept it.Coiner payment transaction will be done using big pay that that Bitcoin and Cryptocurrency payment service provided that all we had for big storeys of the week and now will discuss the concept of fire.For that, we go to our coffee, the concept of fire and the world of crypto currency that essentially what we’re discussing.
But let’s begin with understanding what is fire where it stands for financial independents and retiring early.A very popular concept in the finance world.
It aims at extreme savings and investment so that you can retire earlier, but now will understand the concept of fire in the world of crypto.What does it do what it should do? It should generate passive income from Krypton.
Second, if you’re using fire, you know you should be able to use trip to as a financial instruments to save to increase your savings, and two probably rely on it a bit.
And lastly, investing in digital coins over the long term.This is very crucial.Any lot of experts have been pointing on this.You should invest for a longer period to actually get the entire benefit of its What is actually fire can do in in the long term in the and what to consider while adding crypto to your retirement plan.See, if you don’t have suction retirement savings built up already, be very cautious and considering regulation.Being in the grey areas in our country, you have to diversify your portfolio.You can dedicate all of it, too, and also be aware of issues such as hacking, malware and phishing attacks and do not forget to factor in your age, disposable income and wrist appetite.
But if you trip to to that, you can actually use to play with the fire.One is mining that they’re taking and is definitely buying and coddling as well.
Essentially, fire and the world of Cryptocurrency.And now we have a guest also on the show, and we will be discussing this concept.
We have enough.Malika Ciadea, co founder and chairman for Innovation Labs.And we have with a straw Snapple.He is the chief blocks an architect.Hybrid finance.Broxton, that high five Very warm.Welcome to both of you, Rossana, Begin with you.Would you recommend fire to a crypto investor? Definitely.
I would.And I think you can Was crypto to achieve fire.
But you have to keep certain things in your mind.I believe it is more important to look at the utility coins and organised assets and not at currencies.So it is better to go for the utility or two organised.
Secondly, do not buy and forget.You have to keep monitoring.So whereas in the world of stocks you usually wait for quarterly results in crypto you ha.
To keep a very active you of what is happening to your portfolio and I would recommend on a daily basis, I totally do not believe in the concept of Hartley where you just buy and then hold it for a very long time.A very, very bad moved to me and don’t believe in buying, like every time the price goes down by more? Not at all.So you need to be very rational and logical about how you go about it.But I think crypto can help you to achieve okay.
And Mr Correa, how much percentage of crypto you think one should have in the overall portfolio if someone is aiming to have good retirement plan? So, firstly, I agree with hearts that by itself cannot and should not be a part of your order, the only part of your fire or retirement early retirement plan.As far as what percentage should be, it really is a function of one.Your risk appetite to your age and you’re earning potential.Three.
How how scientific and how disciplined you and your investment approach as who has set.So it’s not something where, you know you go with what everybody is saying or you go with the hype.It has to be part of your strategic investment and and retirement plans for someone they should be.Or this could be no more than 1 to 2% for some, this could be 5% percent.
This could be 2010%.There really is no one side spect all also on this one show.And Rossa, can you hedge against crypto volatility? Are you? Actually you can.So I invite strongly believe that instead of picking, the very successful projects are go with realistic crypto.
Okay, so they are not yet listed.You can usually get them at a very low price.And if you follow the method of, you know, you look at the revenue model Organiz nation behind the history, the tech stock and the social community a new analyse always and then go for pre listed.I think that’s a much easier bad, because there we don’t see much of a downfall, basically are going to see a knot of upswing.So I would say that is one very good way of starting and is any specific way, Mr Kataria, that you would recommend, Of course, we you know, we’re talking about some tools which can help one achieve the fire goals.Would you recommend a few ways or tools? Sure, I said, I believe in a strategic and scientific approach.So there is a five.The model that I usually suggest to people and I follow the first is what is the value proposition of that particular platform? Whether it is an existing leading platform, like going or any third or one of these upcoming platforms, you have to be very clear and understand the value proposition.
Secondly, also understand the value is it’s not enough that it has a strong value proposition.The price has to be third be is velocity of growth.And what is the network effect? Is it growing past? Is there a very strong exit barrier? Network effect, The Fourth as Row has also mentioned its viability of the platform that extract the robustness of the platform.We see people leading platforms, having downtimes of a lot of these concerns around the eerie, um, bird.So you have to really understand what is the viability of the textiles and the FBI, would says the value, volume and variety variety of users.How many the apps are? What kind of jobs are there are all only gaming ones are they mix of defied gaming and sexual? What is the future scope, etcetera.So as long as you have your old method bed around these five B’s and you diligently.It’s strictly following should be Ross.
Lastly, is it a good idea to have fire expectations from? I think it’s fair enough you can, er, that expectation Britain has to be reasonable.I mean, you cannot say that I will buy u20b9100 of Bitcoin, and I will return Has not going to happen.That only looks good in some events.So as long as your patient, you are reasonable, you’re not doing day trading.
You’re watching all the sectoral indexes, the Fear and Greed Index.And if you have a good understanding of the different crypto metrics, there are more than 50 of them and you understand, defy in detail.I think you can expect to you say, stay away from day trading and also stay away from huddling.So what is you have to monitor on a daily basis? But that doesn’t mean that I will sell five times a day just because there is a 1% rise or 5% right, I will buy and then I will monitor.
If some major negative news comes like support, there is a major attack for a hack attack on my particular portfolio on those tokens in that I should initially be ready to sell.But t last 30 seconds.
RoHaas.Since it’s an independence, the special episode how would you explain or define financial independence? What does it mean for you? Sure.
So for me, financial independence is I work because I want to work not because I have to work for the money.So if I can continue with my current standard of Liv without necessarily having to work for me, that would be Mr Kataria.10 seconds.Please explain.
Like what? What does it mean to you? I completely agreement of ours.I couldn’t have said it better as long as you don’t have to work to earn, but because you love what you are doing, then that is definitely a question of financial independence.And of course, there is also the other part of early retirement.Very subjective show.
Thank you so very much gentleman for talking to us.And now we move on to another exciting conversation, and I against saying it’s an independence, the special episodes, Of course, we’ve got something which we should be very, very proud of.And that is an N F T project called Vom not, which is officially licenced by ISRO.I spoke to Rajiv of Malinga, who actually owns studios, which is behind this project called Room, Not Castle Conversation.
You have seen a lot of people wearing NASA T shirts and actually looks very cool.
But someone is also bringing ISRO in the market where they have dropped a lot of things in the merchandise and now in the n F T space as well we have with us.Rajiv from 1947 India.Very warm Welcome.
First of all, congratulations on bringing ISRO to the school market of merchandise where, you know, I now can see people wearing those teachers as well as we see people wearing a Scottish, but just give us a brief introduction of what you do.And they’re, of course, will discuss the 50 part.Yet I run a studio called M K Team Studios, and the studio focuses on destination platforms and designs for Indian cities.And while we were doing that, we started a clothing brand called 1947 at India, and Dis clothing brand actually focuses on Indians, metro cities and India, and we make Indian city based merchandisers.
While we were doing it, we thought about the same idea that why we should always wear NASA.We should also probably where is Rose? So we went to ISRO, convinced them.
Discussed So then they agreed.And this is another dropping the ISRO n lefties Also, which means it’s their nifty if they’re dropping it.But these are licenced by ISRO.What was that conversation with ISRO people like for this project? I think initially they were very hesitant and because it in world lot of properties and details in diagrams and everything given by ISRO and also once we make any of these lefties are there for life.Once we maintain it is on the network and they wanted to make sure there is no in misinformation, The content is right and whatever you may are doing is not involved with any kind of money without doing in cave.
I see all of these details were behind it.
So it because a long time to explain our project and also a lot of other things that we did that they got impressed.They realised that there is a potential to do a really good mark with this young generation and who are into Blockchain and decentralised changes the song this is currently we are thinking on polygon aural on the optimism.Did you want to become an astronaut while you work it? I was always been a geek Has to take a not a national not but I was always feeling with, like, rockets and rocket engines and like, Okay, so what? What? What? This is an iffy project.Do just explain How can we access it? Yes.So this nifty project name is called Bahama.Not on the website is roman r dot io which is the Hindi word for astronaut? Yes, news Indian name for astronaut and I am not project actually consist of three lays one is the digital layer where we are making ISRO official wristwatches and also merchandise is.
But if you have to, you have to play a game before you get this.That game is called Space Geek card game and this cards are like basically what we have done is we have divided all the rockets into parts and all of them are individual and fifties.You can receive bunch of enough tease by just involving with the community once you received them.You trade them, collect the right kind of parts and make the rocket out of it.
And also there are fictional payloads.There are payload.There are something like a P F p, which is actually profile picture and that N F T.
You have to load onto the rocket and launch of sell to Ethereum Main Net, which is actually another layer of the network.And in that network, a few come and all of them are like given out for free.And But you just have to engage with the community to exchange and then involvement.
Do all of this.So once you involved in the in the community community and communication and engagement, then you want to make yourself available on the Ethereum main network.Then you were called as yeoman are.So that’s the status you want to come to.
And women.It has many levels of like roles as an astronaut, like science related, danced Renard and could be someone like on to difference, and someone is related to piloting.She get to do this free.You can start with nothing unit.
They just need to have the network in a wallet.He was come on on.Your website meant them and ending engaged with the community.You know it right? That a lot of people see an F T as a great source of income as well.Yes, I do plan to integrate that part as well because it is a government project and it is also belongs to the entire community, not for us.So we wanted to make sure that our goal is to engage them.
Anyway, we are selling the merchandise on the side in all this thing.But for the FDA, be really are very happy to bring people together.Our main goal is to bring Web three people and also space enthusiast together he bridging the gap, we averaging the parent geeks from both these layers together.See that? The main thing is that what we believe that human society has eventually has to have focus on space manufacturing in space as well as a decentralised approach.So in the day, both of the future of us that we were working on it.
But let’s one someone has become a way over North can be trade in it.
They have got it for free, but can be trade that Yes, yes.Once you do all the state and you increase the reality of your A nifty If you get lucky, you might even get a very good commander level in FT.Which is actually the ft.One.
All these things can hold the value, and it will have.It’s rare.The thing we have only limited to 5555 1st well alone.10,000 people to come to play the game.
But only 5555 people will be able to be the human.And we are trying to take it forward to a kind of meta was can of exclusive space online, where people can use all of that and then engaged and create their own room on the meta was showcased Their digital properties in FT is in their room.Create community discussions, Charles meeting rooms for themselves.So we create that for them.
If you engage there and then once you have all of that, you can trade it for a higher value.Partial look in the end you also you have also produced a museum.
Tell us about that.Yes.
So we have built an un really engine museum which we, we’re we’re converting into Unity based museum because if we want to fit it onto metal, the in relation museum, basically, you can put up our class glasses and a peak, and then you can instal it there and then go and see what Indian history and Indian spaces such organisation has achieved and all the three dimmers we have currently implanted.Around 80 blender models like rockets, launch vehicles, satellites.So call space.Would that be have bought from Russia? All of that we have put there.
We are increasing more interactivity.We are increasing more modest.We are targeting to put around 200 different things and also video links and everything and and the rockets that you are.Of course you have there on your energy project.
You also told me that the most of these drawings, also done by very popular name so some of the rockets are like even the rocket drawings are even done by a P.J.Abdul Kalam I when we received those properties, we were jumping with joy like home, my gharbiya, getting to touch these things and make something out of this a privileged commendable thank you very much is absolutely exciting to hear a project like this.But thank it’s a very much thank you so much.Hi, watching coffin crypto.
And last week I attended a Blockchain hackathon and I caught up with women Saga Tiwari, who’s co founder and CEO at Quite Switch.And we discussed the possibilities of Blockchain in building future cities.Have a look at the conversation.Now comes a quick crypto catch up with women’s Are Got Tiwari, co founder and CEO of Coins, which Kobe? A very warm welcome.
How you thank you.
I am good.So you know, in past few months and weeks, we’ve seen some really massive George in the crypt industry, and I believe it’s a tough time which actually bring innovative results.
What has been your head space, like when it comes to the crypt of space in general, is or I want to begin with.So basically, basically, we are working on Blockchain and block Chinese year to solve problem for the people, even through the sack Aton, we are trying to figure out a solution for the problem of India like we are working on the theme of building future cities and what could what? All the problem India is facing right now and how Blockchain can solve these problems on these things were working on currently.So basically do we’re an exchange service.We run but Palaly also in the three and blocks and domain.We want to actually promote innovators and entrepreneurs who are actually working on solving the real world problems through blocks, all going down just to give a quick introduction of the hackathon that he was talking about.It’s court building future cities that wants, which is doing a source station with start of Karnataka.That’s Karnataka governments initiated to fuel all the start ups that we see cropping up here in the city as well.So definitely some exciting projects that contestants are really working on.
Just give me a few examples that can really transform city problems via Blockchain.So a couple of things, the first of all blocked in is a technology which will you, which provides you a way to auto autumn it done toss through automation and are transparently rate.Suppose there is a land and if we do the land registry on block change, And if we keep all the records of that land on the on Blockchain the cell deed, any lease records in information about the renting of the particular portion of the land blocked in excess a single source of truth, right? So any problem was comes with the ownership of land or any fall place we can a world because you know that were to win, where to cheque, any kind of detail about that.This is one example.I would say There are many other use cases blocks locked in cancel and which comes to our day to day lives, Right.
Let’s suppose distribution of the farm produce, which which takes a lot of hassle via supplies in problems which blocked in, can solve fresh our distribution of vaccine, which everybody is the problem of distribution of action, which everybody is facing in the country.I was just gonna come to that.I’ve been here in in middle of a pandemic.I was say, we’re in the middle of the because it’s never goes, and it’s definitely not gone.So in recent times you see Blockchain integrating with something which was helping us to deal with the pandemic.
Absolutely I think there was a news that Maharashtra government had a started showing corporate reports on a blocked in so that they got any issues related to the covet reports at any misuse of the reports could have been avoided.There are definitely some use cases coming up, but there is a long way to go.Any projects that caught your attention here at the Hackathon are still in to see Okay, But why Bengaluru? So our Bengaluru is basically the it have the tech hub and the start of capital of India.So if you see a Bengaluru itself has almost over 15,000 registered start of work here to anything you want to do, you get a great talent pool in Bengaluru.So if I talk about blocks and itself to India, is expected to have the second largest a developer community on Blockchain and definitely Bengaluru will have a hue share in this.So we want to promote the entrepreneurship through a start of Karnataka and the government of Karnataka so that we can inspire people to take up more blocks in projects from here and we get easily get the talent pool.In Bengaluru, there is a great price money as yes, yes, definitely.
But what opportunity does it provide to someone who win this? I mean, of course, other than money.So I just want to reiterate one thing that points which is started as a hack and from hack to a unique on This is our storey.So this is opportunity lies through that.But apart from this, basically, hackathon provide opportunity for everyone to collaborate with exports of their industry and the pier who are actually working on the same problem as solving through the same technology to you.Collaborate with them, you network with them and you’d launch from their experiences.
And this can be stepping stone to someone’s entrepreneurial journey.So there is a lot of opportunity or hackathon can offer for anyone’s life.Okay, just a wrap.
This conversation absence.We don’t get to chat very often.And you mentioned Storey of point.
Such Kober just very pre Fif ical.Tell our viewers vice is so important and close to your heart.The storey of coin.
Such Kumar Definitely So me, Ashish and Govind, we were regulars to hack it.Hahn’s We have wound many hackathon together as well.So in 2017, we started points which, as a hack, to simplify the trading experience for ourself first.
And when that had worked for us, we sort that there are many people across the world will be facing the same problem.And that is how sensitive started.When the problem work for us, we figure out a solution and we be made it for everybody is to work on it.Us classmates.Friends? Yes.Yes, we are framed for For over 15 years now you’ve studied together.
Yes, And Bengaluru happens to be your Noah Noah toward Deli to Ashish and Govind used to work in the same core, used to study in the same college.And I used to meet them regularly because no access via one of our common friends.Okay, so But we used to hang out regularly.We used to hack regularly, take participate in multiple hack it on.And this is how it’s all journey started.
However, sake gonna say, Was that a Bengal? You happens to be your home? Yes.
Yes.Now Bangalore is our home.We are here like a true a great typing hoper with you.Thank you so very much for this conversation.Thank you.Thanks a lot from Bengaluru, Arun Singh, for any TV crypto products.
And then if these are unregulated and can be highly risky, there may be no regulatory recourse for any loss from such transactions..
