Editor’s Note June 2018
Do you realise we are in June 2018? Which also means that half the year has already gone by and December is already knocking on the door. So in case you are still waiting to act on your new year promises which you made to yourself on the 1st January of this year, then there is still hope!!
The biggest opportunity in today’s time is the Crypto economy of today which I agree is confusing, yet promising and a bit of sham too – all in the same order. Just recently, we got some intelligent minds from all over the world in our first Crypto conference held in Four Seasons, Mumbai. There were many key takeaways and all those who attended went back home with their crypto knowledge meter reaching new heights.
One thing that really amused me was when I read somewhere that in 2010, a programmer bought two pizzas for 10,000 BTC [bitcoins] which is one of the first known realworld bitcoin transactions. Today, 10,000 BTC is equal to roughly $38.1 million – a big price to pay for satisfying your hunger pangs. You could have bought the entire franchise of Pizza Hut in India with those Bitcoins. Shocked?
Now, more than 1565 ICOs or Initial coin offerings are there in the market and bitcoin itself is estimated to be valued at US $1.2 Trillion. Of course, the decentralized economy and no middlemen with a very low probability of fake transactions with privacy protection has really pushed the envelope on the Crypto. But the good and the bad part is that there is no government control which does not make it legit and you can browse through the inner pages where we have dug deep to cover the various nuances of this phenomenon called Cryptocurrency. In other news, we have by far the biggest news in the Indian startup system which puts Indian entrepreneurs right on the top. The Flipkart-Walmart story is laced with gold and diamonds, and success written all over it making Bansals the multi-millionaires that they are today. It gives a fresh morning sunlight to the raging start-ups to keep on toiling with their cart because who knows, one day you might also reach the doorstep of Walmart!
On that note, let’s enjoy the rest of the year and make the most of it !!
Happy June everyone!
|Founder, Publisher & Chief Editor
Entrepreneur by profession, Believes in karma and has tech in his DNA. Of all things harbours a dream to do space travel in his own space shuttle. He is also the Chief Editor & Founder of thetechy.com – Part of Exhibit Group.