'Dear Professor: Your Opinion on Crypto Sucks, Warm Regards' by sarkarabhijoy decentralizedinternet blockchain
The following is an open letter I wrote to my professor in response to his opinion piece. It was published in a leading newspaper that supported a ban on cryptocurrencies in India.back in December'21. Details of the addressee have been intentionally obfuscated.Sir, congratulations again on the work anniversary! Privileged to have taken your course. You taught us to read more and explore with an open mind. Thank you.
Finally, I dove headfirst into the world of crypto on Dec’17 during the ICO frenzy. To be fair, I started off in crypto hoping for a windfall from my meager investment. I have turned from a skeptic to a cautious optimist ever since. And to be clear, I have never partaken in speculative trades since 2017 except for a couple of failed attempts back then; all of which resulted in losses.
Anyways, the final details of the Bill are yet to be made public. There are far too many instances of misreporting on crypto matters. This has resulted in confused understanding and literature: Financial settlements form one part of this whole gamut of operations. CBDCs, on the other hand, will be run onPrivate chains have no incentives for public node participation. Hence, they are also referred to as centralized chains. CBDCs serve a completely different purpose than crypto. This also often segues into a misleading blockchain-good-crypto-bad argument.
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