When I go to the countryside, at least in India and many other countries in Asia, I don't have many places to buy things using credit cards. There is no other option other than buying things using traditional money notes. The village shops don't have the facility to trade using cards. Forget about cryptocurrencies. Can cryptocurrencies flourish without fiat currencies? Suppose we demolish all fiat currencies, i.e., there is no dollar, pounds, yen, rupees, etc. There are only cryptocurrencies, such as bitcoin, ethereum, bitcoin cash, etc. How would you rate a cryptocurrency? How would you show the price list? Maybe, then a cryptocurrency would be considered as the standard. How far would it be feasible to lead a life without fiat currencies? To have the world of economy survive, both fiat currencies and cryptocurrencies must stay. Bitcoin would have an undefined value without the existence of fiat currencies. The real-world assets should nicely be entangled with fiat and cryptocurrencies. The connection between the digital world and the real world is essential. There also we need a reference or standard. Metals often serve as standards to evaluate the assets. Any new standard may also come. The value of the digital assets is undefined without the association of any real-world assets. The world economy will remain hybrid . I know that most crypto experts would dump this as a junk idea. Both fiat and cryptocurrencies will stay. Governments may try to control the citizens with central banks-owned hybrid currencies, i.e., partially centralized and partially decentralized. It may seem unrealistic. But, it would happen sooner or later.

LinkedIn Live is the platform that incited me to start a video podcast window. Although there is no professional setup available, I have had the power of GNU/Linux and open-source software since 1999. With that in my hands and the facility of LinkedIn Live, I started my journey on Dec 22, 2021. The first guest is Dr. R. Ramarathnam. I invite you to view the video podcast "Sustainable Solutions Combining Energy Efficiency & Green Energy" here. The original video is also available in my "Podcast Window" on https://lnkd.in/ekC3gdyu #podcast #personalbranding #communication #debeshchoudhury #linkedinlive

Listen to what Australian senator Malcolm Roberts said about why the WHO Pandemic Treaty fell through. Video source: https://twitter.com/debeshchoudhury/status/1706815489253794172 #health #who #pandemic #status #learningtimes #debeshchoudhury