War for the future and parallel economy - Fall of FTX

I have always been vocal about my doubts about the ability of a cryptocurrency-based unregulated economy. Since one mistake could bring down a company, it is undoubtedly not wrong to support niche technologies as they emerge. History has not been very kind to CXOs and company founders who were unwilling to embrace change, so I would argue that any effort made in such developments can have a positive effect or teach us a valuable lesson.

Blockchain is undoubtedly a technology of the future, but 80% of the issues we are currently attempting to solve could be resolved using a centralised database, whereas a distributed database requires additional space and bandwidth to replicate it across all nodes that require it to verify authenticity. However, cryptocurrency goes further than that. These digital assets are susceptible to volatility. If you have the money to purchase enormous mining equipment and mine as many cryptocurrencies as you want, if you are a founder with the resources to market a joke (DogeCoin), or if you are an exchange with the resources to sell your cryptocurrency at a higher profit margin and have the freedom to accumulate wealth as you please.

People have compared cryptocurrency to a variety of physical assets, but all of these assets either have value for the customer (such as gold, real estate, etc.) or are governed by the federal government. The rest would just result in inflation based on speculative assumptions about which no one is aware of the facts.

The next inline is Metaverse.  It is possible to assume that you are playing in a virtual avatar at times, but I don't believe I would choose to communicate with my team or family members through an avatar over a real-time video. Despite the fact that we are far apart, I could still see them and their faces. My interest would largely shift away from 3D avatars and toward near-eye displays based on 3D holograms. In video games, things are different because I play as the character that I control, but in real life, I prefer to be myself when I'm interacting with my team, my family, or my friends.

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A note of hope - World Mental Health Day

 

Everyone goes through various stages in their lives. I had a warm and lovely childhood, good food, a comfortable place to sleep, a separate study room, and a loving family. Who will believe that I will face difficulties as I grow older? My father would go to great lengths to ensure that I did well in school. In order to stay on track, he was very strict about my studies, friends, playtime, and so on. He was always expecting me to win. That was my requirement as a child. Every report card signing day is the scariest day until that point. I was frequently compared to other children. I was punished for failing to obtain the first. I was punished for not receiving the first rank, and if I did receive the first rank, I was punished for not receiving full marks. This is not something new for an Indian or Asian family. As a result of how most of us were raised, we are generally appreciative of our parents for providing us with the extra care that we now associate with success.

Unfortunately, our minds are not that straightforward. It's a labyrinth. You will not be able to race on a daily basis. I can't take the failure any longer. When I find myself in a position of comparison, I frequently encounter anxiety. I am always on the lookout for acceptance and approval. The long-term battle with my mind began when I realized I was becoming anxious in every situation I was unfamiliar with. This was not what I expected, but as you know, it was due to my parents' desire to make me the best and give me a better future, for which I cannot blame them.

I realised how heinous it was when the relationship I was in ended and they blamed it on my mental state. Unfortunately, nothing was wrong except the circumstances, and when they blamed me, I decided to fight back. Then came the medication and counselling phase. The majority of the counsellors I met in India see this as an opportunity to make money. They gave me moronic work assignments, which I noticed were not helping me.

However, everything began to return to its former glory. My family understood my predicament and unconditionally supported me. My wife, who is a huge supporter of my journey, and my children, who keep me occupied, as well as some good counsellors, books, and medication, kept me going. Is it still challenging for me? Yes, I am. I become depressed when I lose hope, have anxiety and panic attacks (twice), and exhibit symptoms of OCD. I'm confident that with self-love, support, and care to keep me going, I'll overcome the obstacles and achieve my goals.

You, too, may be going through a difficult period. You may be unsure whether what you are experiencing is a psychiatric condition or simply a feeling. Do not disregard. Pay attention to your thoughts. Consider whether you require assistance. Talk to your loved ones. If you don't have any friends to share it with, that's fine. I am one of those people who has few friends and does not share my difficulties and pain with them. Read up on CBT techniques and thought patterns. If you have any of these thoughts, talk to someone you care about. Consult a psychiatrist or psychologist. If you still want to talk to somebody else? Please contact me at dhanus@dhaneshnair.com. I am confident that I can assist you. 

Let success come to you.

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