It's been a really long day and it's really late into the night as I write this post. The post I'm sharing was on my reading list and I felt I should share this with everyone so that you can form your own opinions on the subject matter. Suffice to say I'm sure many here would agree that a blanket ban on crypto is not only illogical but also far from ideal.
However, there are people who are quite flawed in their analysis but I'm glad that these conversations are happening in order to gauge where these people with their flawed understanding come from. Perhaps we stand a chance to change their opinions along the way with facts and a greater understanding of this space and the importance of decentralisation.
Once again cheers to Naimish from Coincrunch for doing superb work in his interview of Naavi.
Naavi, as Vijayshankar is known in the Cyberspace in India, is an “Information Assurance consultant and Operates from Bengalooru (Bangalore)”. Vijayashankar has been a vocal critic of Bitcoin since many years. He believes Bitcoin should be completely banned in India.
Please head over to the main article here. It's very important for all us who are likely to be affected by the proposed ban to read what people like Naavi have to say. Because similar people are in power who need to change their perspective on cryptos.
Sadly, I do not subscribe to the same views as Naavi because due to many reasons, some deeply fundamental even. He's an ex-banker, someone part of the system and shaped by it. It's difficult for someone with roots in central banking to understand the depth of people's money and store of value.
That's a quick summary if you'd consider it one but I didn't want to spoil the effort put in by Naimish and encourage you to read the whole thing on his website.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!
- Steem.Chat Contest #90