What's harming in Bitcoin!?

What's harming if we take Bitcoin as internationally legal currency !!!???
The most powerful fear about Bitcoin is its untraceable movement and transaction which has potential risk of illegitimate use of fund. Our present financial systems are governed by AML & Anti terrorist financing rules and regulation which are high cost incurring. Introduction of these types of rules and regulations and flourishing of ICT are contemporary. During last two decade at the same time newly imposed rules & regulations increased the cost and latest technology decreased the cost of financial services. As a result real cost of regulations are not reflected and silently customers are deprived from the blessing of technological development in terms of cost of services.

However, there is no universally accepted evidence of reducing crime after introducing anti money laundering and other related laws. Under our present financial regulatory environment Bitcoin is almost illegal by its origin and by the nature of its transactional process. But if we could prevent crimes by the actions associated with it we need not any such regulatory burden. Bitcoin could drastically reduce our financial system cost.

The Strongest and the Weakest Currency of History!

‘Love’ is the Strongest currency in the world of all time that has strong global acceptance and always maintains a stable exchange rate with happiness, which can purchase almost anything!

‘Trust’ is the Weakest currency that has very little and local acceptance only, which always maintains a floating exchange rate that is used for retail transactions only!

The one and only error of nature!

The one and only error of nature is the existence of human beings within it!

Nature is the super system, which is a composition of systems and each system has its subsequent sub-system. Events of natural systems are complete, interdependent, and compliant within itself. Nature dominates all events naturally to exist and grow unless manipulation occurred.

Time is the expression of nature’s domination and the ultimate force of change (exist and grow). This is the law of nature where no event can happen that is harming for the nature itself and beyond explanation by natural rule, which we call scientific theory. Nothing can manipulate the events of nature except homo sapiens that is the only threat of nature for its existence!

‪#‎Disclaimer:

This is publicly expressed ‪#‎ExclusivePerception of Mijan Rahman on his own conception and does not necessarily endorse as ‪#‎PublicTruth so exempted from all liabilities and damages for the consequences of Believing or Disbelieving may have, Misbelieving 100% PROHIBITED or at your own risk. Criticism always Hats off Welcome!!!

capiTALISTS!‪?#‎NOCredit,NODonation‬!

Our economists do not tell us how economics behaves rather they teach & preach us how we should behave with economics! We are not motivated by the knowledge of economics, we are guided by the conditioned faiths on economics!!

#‎CapitalisticCreditSystem‬ is the largest black whole of our economic system!
‪#‎CapitalisticMonetarySystem‬ is the most intelligent velki baji of all time on the Earth!
‪#‎BrettonWoodAgreement‬ is the freakiest agreement where US purchased present and future of the whole planet at the price of simple papers issued by US treasury.
‪#‎BretonWoodCurrencySystem‬ made the world money blind. 
‪#‎Dollar‬ is the only currency which exists after its death by sucking blood from all other currencies of the Planet at their request to make themselves alive.

‪#‎NoCreditNoDonation‬ ‪#‎WealthyFamilyWealthyNation‬

Leader-Manager-Executive!

A ‘Leader’ is not a person or position; it is a role to make the ‘things’ happen!!!

• A LEADER arranges resources and creates the system to make the thing happen right.
• A MANAGER organizes resources and activates the system to make the right thing happen.
• An EXECUTIVE utilizes resources and runs the system to make the correct thing happen.

As a leader, one must be a person with a position. However, being a person and having a position does not necessarily make anyone a leader. There is no set forth attribute or set of attributes that can make a leader. Successful ‘leadership traits’ completely depend on the followers in space-time-purpose. Infact, responsibility of a leader is to hold the steering wheel of change towards the right direction of specific purpose. Change is the ultimate variable of time. I think learning agility is the most important aspect of leadership in a changing time!

Why Mobile Operators Should Not Be Allowed in Mobile Banking!

In fact, the standard definition of mobile banking is yet to be finalized! We need to differentiate mobile banking with mobile money service business. Telco should not be allowed to do mobile banking for the sake of our economy itself. The banking business is not a part of business industry rather it is an extended part of our nation-state system to control the monetary subsystem. Banks are created from the necessity of state itself; it is an integral part of our modern economic system. Banks create money through credits & deposits and central bank regulates the amount of money (more specifically narrow money) in the market to comply with our economic policy. Telcos may have their own bank to provide innovative customer service through their distribution channel. From a consumer perspective, Telco may be allowed to do very limited amount money transferring business (MSB) with the help of banks but here is a big question of efficiency! Like any other financial institution, identity confirmation is mandatory for the Telcos. However, Telcos have the advantage for identity confirmation than banks but in reality, banks are doing this job far better than Telcos. In our coming days, identity confirmation will incur cost and risk increasingly. In terms of antimony laundering, Telcos are completely incapable to comply at their present model. Allowing Telcos in the banking business is not a question of losing business share of traditional banks only, it is seriously noncompliant with our economic system.

I think giving mobile banking permission to telcos is worse than giving judicial power to police! However, I am afraid of hearing the example of Pakistan by the Telinor CEO. It's a clear message that they are not ready but also doing and will do anything to capture the business opportunities of emerging mobile banking business. I must end by saying, the views expressed are personal and does not belong to nor endorsed by the organization I work for.

Being noble rich is nobler than being wise without money!

NOTHING IS BAD WITH MONEY, EVERYTHING BAD WE CREATED THROUGH THE MONEY!!!

  #‎Familipreneurship assumes we could easily save 10-20% from the money we spent today without compromising/sacrificing the products or services we got from the buying if we were smart enough to bargain. Money could be used for buying to add value or spending to meet necessity! The most valuable knowledge ever could be acquired on earth is how to deal with money which differentiates us into different classes! 

The most part of our knowledge and thinking patterns are built at home which constructs the rest of our life! ��Our first learning at home should be how to use money with the notion that money can do good! Being noble rich is nobler than being wise without money! Poverty is a state of mind not a physical condition! We are poor because we are conditioned to think to be remained poor! We desire poorness by glorifying it. Glorifying poverty is a pragmatic virus on the human mind and communism/socialism unknowingly approved the virus as a legal program with the illusion of salvation, which is one of the major causes of our poor state of mind that ultimately made us poor! We hate money but desire/love to have the money; this is the biggest paradox of economic humanity!

#Familipreneurship(c)