Page 87 - Catalyst 3-#Why | Boosts you Invisibly
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Q.6  -  You  talked  about  India’s  bitcoin       something  good,  we  won’t  be  short  on
              Lakshmi. It is fairly new. Then how will it        market.
              compete  with  the  already  existing
              bitcoins which are far more explored?              We  should  develop  innovative  technology
                                                                 using block chain an sky is the limit for block
              Ans - Anybody who enters the market early          chain  applications.  You  need  to  master
              os the market leader and he has an edge.           cryptography, mathematics, ways of financial
              Bitcoin has that advantage. Similarly people       transactions.
              who have invested in it one year ago or two        Important  papers  can  now  be  saved  in
              years  ago,  they  are  already  winners.  If  you   digital  lockers  like  your  mark  sheets,  health
              stat investing now you’ll be a loser.              care  documents  etc.  You  need  to  become
              What  we  really  need  to  explore  is  how  to   developers of software rather than users of
              (accept) . We have the potential but are not       software.Not  only  block  chain  ,  students
              putting  the  efforts  .  If  we  really  drive     should  try  to  innovate  other  things  without
              technology,  how  innovate  things  ,  how  we     shying away from technology.
              create things                                      You  should  think  about  starting  a  MNC
              If  we  try  to  do  that  or  if  we  use  lesser   rather than getting a job in MNC.
              resources  to  make  things  more  secure  our
              currency will take over.                           Q.8 - What is your #why?


                                                                 Ans  -  Why  are  we  shying  away  from
                                                                 technology?

              “We  need  to  put  our  minds                     The  people  are  today  are  worried  that  it’s
              together and contribute in ways to                 very  di ffi c u l t ,  t h ey  h a v e  t o  l e a r n
                                                                 cryptography,  they  have  to  write  big
              develop  Lakshmi  coin  or  Build                  programs, it will take long time to learn, also
              Lakshmi coin.”                                     that  they’ll  need  large  amount  of  resources
                                                                 which  they  don’t  have.  We  should  have
                                                                 courses offered on block Chain.
                                                                 Another question that I have is it really going
              Acceptability  is  what  is  important  and  India   to  give  us  any  ethical  gain?  The  negative
              is a huge country and we should accept****         trend  in  society  is  that  it  is  only  used  for
                                                                 doing  unethical  things,  not  being
              Q.7 - What advice do you want to give to           transparent etc.
              students studying engineering ?                    Is it really promoting negative aspects or is it
                                                                 going to promote positive aspect also?

              Ans  -  Please  explore  various  options  block
              chain, try to master it.
              Innovation  is  the  key.  But  nowadays  due  to
              ‘brain  drain’  we  are  going  and  exploring
              somewhere else.
              Let’s see what I can do for India?
              We  need  not  worry  about  the  market  .  We
              have  130  crore  people.  If  we  develop




                                                                                   #Why? Across the Globe |
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