Tuesday, November 14, 2023

Finance Revolution 4.0 - Cryptocurrency Reaching the Unreached

 Introduction: The evolution of human societies has always been accompanied by the evolution of our economic. From the earliest days of civilization, the need to exchange goods and services led to the development of various systems for trade. These systems have come a long way, transforming from rudimentary practices of barter to sophisticated financial networks. Each significant change in these systems can be viewed as a revolution in finance, paralleling the evolution of human society itself as a whole.
The Early Stages of Economic Exchange: Finance Revolution 1.0 occurred with the establishment of agricultural societies. Here, the barter system was introduced, allowing for the direct exchange of goods and services without the need for a standardized medium of exchange. This system, though effective in small communities, had its limitations, especially in larger, more complex societies.
Industrialization and the Emergence of Standardized Currency: With the onset of industrialization, there was a need for a more efficient and scalable system of trade. This led to the introduction of silver coins – a standardized, tangible medium of exchange. This shift marked a significant evolution in the world of finance, streamlining trade and commerce and paving the way for more complex economic interactions and marked Finance Revolution 2.0
The Rise of Fiat Currency and Centralized Financial Systems: The next major shift came with the emergence of fiat currency, initially backed by gold. This was a move away from commodity-backed currencies to a trust-based system where the value of money was determined by government regulation and law. This era saw the rise of centralized financial institutions like the Federal Reserve and the Bank of England, which became pivotal in regulating and stabilizing the global economy and led to Finance Revolution 3.0.
Cryptocurrency: The Dawn of a New Financial Era: Post 2008, we have witnessed the beginning of what can be termed as Finance Revolution 4.0, marked by the emergence of cryptocurrencies like Bitcoin, Ethereum and Alt Coins. Unlike traditional currencies, cryptocurrencies operate on a decentralized system, free from the control of any central authority. This revolutionary technology offers a new form of wealth that is less susceptible to traditional economic vulnerabilities, and it fundamentally shifts the concept of trust in financial transactions moving on blockchain, open ledger and payments built in smart contracts.
The Impact of Cryptocurrency on Global Financial Systems: Cryptocurrencies represent a paradigm shift in the financial sector. They offer a decentralized, global form of exchange, enabling transactions that transcend geographical boundaries. This new form of digital asset aligns perfectly with the principles of the Fourth Industrial Revolution, which emphasizes interconnectivity and intelligent technological solutions.
Financial Inclusion in the Digital Age: One of the most striking aspects of cryptocurrencies is their potential for financial inclusion. With widespread access to mobile technology, cryptocurrencies provide an inclusive alternative to traditional banking systems. They are especially beneficial to populations in remote or impoverished areas, who have historically been excluded from formal financial services.
Harnessing Mobile Technology for Economic Empowerment: The ubiquity of mobile technology provides a unique platform for the proliferation of cryptocurrencies. Unlike traditional banking systems, which often require extensive infrastructure, cryptocurrencies can be accessed and managed through simple smartphone applications. This accessibility has the potential to democratize financial services on a global scale.
Representing and Mobilizing 'Invisible' Wealth: The world is replete with untapped pro bono work that significantly contributes to community welfare but remains unrecognized in traditional GDP metrics. Cryptocurrencies and blockchain technology offer an innovative way to represent this 'invisible' wealth, quantifying and rewarding contributions that have long been overlooked in economic assessments.
World will be richer by 2.1.quadrillion Satoshis - Satoshi Nakamoto's introduction of Bitcoin revolutionized the concept of currency, not by creating 21 million Bitcoins, but rather 2.1 quadrillion Satoshi – the smallest unit of Bitcoin. This profound innovation extends far beyond a simple numerical figure; it represents a new paradigm of wealth generation, one that is slated to continue until the year 2140. Unlike traditional wealth, which is often marred by histories of looting, plundering, or exploitation, the wealth generated by Bitcoin is underpinned by a 'proof of work' system. This system ensures that the creation of new Bitcoins (or Satoshis) is the result of computational effort and energy. The creation of Satoshi's and the evolution of Bitcoin is not just a technological or financial milestone, but a step towards a more sustainable and equitable global economy. It is a clear example of how the Fourth Industrial Revolution can harmonize the creation of wealth with the urgent need for sustainable development, challenging traditional notions of value and resource utilization
In consonance with UN SGDs - This approach to wealth creation resonates deeply with the ethos of the United Nations' Sustainable Development Goals (SDGs). The SDGs aim to address global challenges, including those related to the environment, economic inequality, peace, and justice. Bitcoin, in its essence, contributes to several of these goals. The 'proof of work' model embodies a form of digital 'mining' that, unlike traditional mining, does not deplete physical resources. Moreover, the decentralized nature of Bitcoin reduces inequalities by providing access to a global financial system, irrespective of users' geographical location or socio-economic status. The ongoing advancements in blockchain technology are leading to more energy-efficient protocols, aligning with the SDGs' focus on sustainable energy and climate action. This 'green wealth' generated by Bitcoin and other cryptocurrencies is not just about financial value; it's about creating a more equitable and sustainable world. By leveraging technology, cryptocurrencies offer a pathway to a financial system that aligns with broader global objectives of sustainability and equality.
The Regulatory Challenge: Balancing Innovation and Stability: The rise of decentralized technologies like cryptocurrencies poses a unique challenge to governments and regulatory bodies. These entities, which represent centralized authority, are now tasked with regulating a system designed to operate beyond traditional controls. This situation reflects a fundamental tension between established financial systems and emerging technologies, requiring a careful balancing act.
Conclusion: The emergence of virtual assets and cryptocurrencies marks the beginning of a new era in finance. As part of Finance Revolution 4.0, these technologies are not just reshaping the financial landscape but are also playing a crucial role in the broader societal transformation towards a more inclusive, sustainable, and interconnected world. As we continue to navigate the Fourth Industrial Revolution and Globalization 4.0, cryptocurrencies stand at the forefront of this change, representing a new 'Fourth Dimension' in finance and beyond.

Sunday, November 5, 2023

Shrimat Bhagwad Geeta - Confluence of Sanaatan Knowledge and Wisdom

We exist in a powerfully webbed and networked structure, where people with divine energy continue to work with integrity, faith and trust and making efforts to live in peace and harmony without exploitation and without suppression of will of fellow beings. However, people with asur or dis-harmonized energy continue to act without integrity, faith and trust as they continue to exploit others, supress their will and perpetrate corruption. In Chapter 16, shalok 16.01 – 16.05, Shri Krishan expounds 28 (twenty-eight) attributes of people with divine energy and in shalok 16.04 – 16.20 explicates 64 (sixty-four) characteristics of asur, disharmonized, toxins, narcissists, vampire, zombies and the like beings. These traits are sanaatan in nature, they exit forever in different combination in all human beings around us and every one of us must know about them early in life, sooner the better.
        Every individual is in a constant struggle to achieve total harmony and perpetual happiness. In the process every person continues to make serious and sincere efforts to resolve the conflicts within one’s own self and those existing in the world around. In this process of resolving conflicts, every person at every moment needs necessary information, understanding, knowledge and wisdom to guide him to deal with the same. Every moment the divine and the asur energies within and outside seems to continue to come into conflict as we are struck by futuristic trauma as happened with Arjun, just before the beginning of the great war of Mahaabhaarat. Arjun, a kshatriye, one of the finest archers of his times, a great warrior, with vast experiences of combats, fights, war, knowledgeable in various arts, with potentiality for clear and objective intellectual analysis, but also emotional was overwhelmed by futuristic trauma (shalok 1.28-1.46, 2.4-2.8).
        As soon as Arjun realized the post-war scenario, in which almost all 4.5 million heroic and fearless human beings were to be wiped off the face of earth, leaving behind old parents, widows and children, leading to varn admixture and pitr dosh, he was seized by feeble mindedness, confusion and grief resulting in deep distressing state, affecting his entire persona. As he watched both the armies locked in fierce battle, he felt that the war will not serve any purpose and will lead not to victory but to death of millions and that was unacceptable to him as a king. He strongly felt that every benefit of war will be lost after the war with extermination of all kith, kin and fellow beings and he was struck by total emotional breakdown.
        Arjun narrated his harrowing emotional feelings and condition to Shri Krishan who as his true and closest friend had agreed to be Arjun’s charioteer. Shri Krishan begins his address with a powerful statement to shake Arjun and connect him to fundaments of existence in Chapter 2 shalok 11 to 30:
        "You grieve for those who should not be grieved for, yet you speak like wise. The wise grieve neither for the living nor for the dead11. Neither I, nor you, nor any of these ruling princes were ever non-existent before nor is it that we shall not cease to be in the future12. The indweller in the body experiences childhood, youth and old age of the body and also passes on to another body, the serene one is not affected thereby13. The contacts of the senses with their objects create son of Kunti, feelings of heat and cold, of pain and pleasure. They come and go and are impermanent, bear them patiently, Bhaarat14.  That man, the best of men, is fitted for immortality, whom these do not torment, who is balanced in pain and pleasure and is steadfast15. The unreal has no existence, the real never ceases to be. The truth about both has been realized by seers16. Know that to be certainly indestructible by which all this is pervaded. None can affect the destruction of the immutable17. These bodies of the Indweller, who is eternal, indestructible, and immeasurable are said to have an end. Fight, therefore, Bhaarat18.  He who holds aatma as killer and he who considers it as killed, both are ignorant. It kills not, nor is it killed19. The aatma is neither born nor does it die. Coming into being and ceasing to be, do not take place in It. It is unborn, eternal, constant and ancient. It is not destroyed when the body is slain20. He who realizes the aatma as indestructible, eternal, unborn and changeless, how can he kill, Paarth, or cause another to kill?21 As a man casting off worn out garments puts on new ones, so the embodied, casting off worn out bodies, enters into others22. Weapons do not cleave the Aatma, agni burns it not, water wets it not and wind dries it not23. This Self is un-cleavable, incombustible and neither wetted nor dried. It is eternal, all pervading, stable immovable and everlasting24. This aatma is said to be un-manifested, unthinkable and immutable, therefore, knowing it as such, you should not grieve25 or if you conceive of aatma as given to constant births and deaths, even then, mighty armed, you should not feel sorrow26. Death is certain for that which is born, birth is certain for that which is dead. You should not, therefore, grieve over the inevitable27. Beings are all, Bhaarat, un-manifested in their origin, manifested in their mid-state and un-manifested again in their end. What is the point then for anguish?28 One beholds the Self as wonderful, another mentions it as marvellous, another again hears of it as strange, though hearing yet another knows it not at all.29 This Indweller in the bodies of all is ever indestructible. Bhaarat, therefore, you should not grieve for any being.30
        As they enter into conversation, Arjun continues to ask questions, raise issues and even challenge the authority of Shri Krishan, with the sole purpose of refraining to enter into war and that led to unfolding of sanaatan knowledge and wisdom which was spread in ved, vedaant, upanishads and in sanaatan culture, which has continued to move down the ages as smriti and shruti. What unfolds is various nature of beings, their attitudes, eternal nature of the absolute truth, attributes of cosmos, various paths that are followed by homo sapiens, for their spiritual growth and self-realization.
    Shri Krishan with his multi-dimensional existence apprises Arjun as Shri Krishan (human), consciousness (aatma), total consciousness (param-aatma) and beyond consciousness (cosmos). Shri Krishan acts as a peace mediator resolving all existing conflicts between Arjun, who was trained all his life to fight wars on one side and emotionally blocked Arjun who was restraining to fight war, on the other side. Shri Krishan addresses the deep internal conflict within Arjun’s mind which arose in view of the futuristic trauma or social sufferings that may arise in future and will affect generations to come. Shri Krishan, who was well aware of the coming changes, continued to answer all queries of Arjun with a smile, showing him the larger picture, the cyclical transitory time, spiritual dimension of all beings and existence of a single cosmic energy beyond and as the basis of all that exists in this universe and all that is sanaatan wisdom. The interactive session finally helped Arjun to resolve his conflicts and perform his duties with perfection and without delusion.
       The brilliance of generative dialogue between Shri Krishan and Arjun is that Shri Krishan continues to expound the sanaatan knowledge and wisdom without telling Arjun what needs to be done. Sanaatan knowledge and wisdom helps Arjun to take decision on his own and the that the brilliance of it all
Shalok 8.17 refers to the beginning of the time or the awakening of Braham for one day after one Brahm night = One kalp = 14 Manvanta + 1 Sat yug = 1000 yug  = 4,320 000 00 years, expounds the calculation of time or kaal gadna also existence of cyclic time as contradistinguished from Abraham religions which are based on lateral time.
    Chapter 13 deals with kshetr and kshetragye, the body and the embodied or the Prakriti and the Purush. This is the most important and the least understood basis of sanaatan philosophy. Purush is aatma, ishwar, jeev, praan, self, conscience, consciousness, cosmic reality, cosmic energy, life element, living spark, soul, spirit, absolute truth, will, embodied, in-dweller or any other name connoting the life element in being with some attributes as referred in Chapter 2. Prakriti is everything other than the Purush, including the five basic element – earth, water, fire, air and space, five gyaanendriyaan or sense organs – eyes, ears, nose, tongue and skin, which perceives the objects of senses, five karamendriyan – mouth for speech, hands for action, feet for moment, genital organs for reproduction and anus for excretion, by which we undertake action. Everything that exists in the world around is also a combination of Purush and Prakriti. Shalok 13.5 and 13.6 expounds the same as follows:
       The great elements, egoism, intellect, as also the un-manifested, the ten senses and the one mind and the five objects of the senses5, desire, hatred, pleasure, pain, the aggregate intelligence, firmness, the kshetr has been thus briefly described with its modifications6.”
13.7 to 13.11 explicates knowledge and ignorance as follows:
Humility, modesty, non-injury, forbearance, uprightness, service of the teacher, purity, steadfastness, Self-control7, tranquillity towards the objects of the senses and also absence of egoism, perception of evil in birth, death, old age, sickness and pain8, non-attachment, non-identification of Self with son, wife, home and the like and constant equanimity in the occurrence of the desirable and the undesirable9, unswerving devotion to Me in yog of non-separation, resort to sequestered places, distaste for the society of men10, constancy in Self-knowledge, perception of truth as the end of the knowledge, this is declared to be knowledge and what is opposed to it is ignorance11.”
        Shalok 13.12 – 13.18 describes Purushottam or total cosmic energy -
    “…Beginningless is the supreme Brahm. It is not said to be ‘sat’ or ‘asat’12. With hands and feet everywhere, with eyes and mouths everywhere, with ears everywhere, He exists enveloping all13. Shining by the functions of all the senses, yet without the senses. Absolute, yet sustaining all, devoid of gunn, yet He experiences them14. Outside and within all beings, the unmoving and also the moving, because of this subtlety, He is incomprehensible, He is far and near15. He is undivided and yet He seems to be divided in beings. He is to be known as the supporter of beings. He devours and He generates16. The light of all lights, He is said to be beyond darkness, knowledge, the knowable, the goal of knowledge, seated in the hearts of all17. Thus the kshetr, knowledge and that which must be known has been briefly described…18
      In Chapter 10 – shalok 10.20 – 39, Shri Krishan narrates 76 (seventy six) attributes of Parameshwar or Purushottam dealing with the manifestation. Some of them are Sun amongst luminaries – shalok 10.21, Moon amongst planets - shalok 10.21, Mind amongst senses – shalok 10.22, Ocean amongst water bodies – shalok 10.24, Om amongst sound – shalok 10.25, Jaanvi (Ganges) amongst rivers All these gives the widest spread of knowledge about the cosmic expression in the world and things around us in its most outstanding and brilliant form.
     In chapter 14, shalok 14.06 – 14.16 Shri Krishan deals with the attributes of the three gunnsaattvik, raajsik and taamsik and in chapter 17 and 18 deals with the spread of three gunn in different events of beings.  He narrates the nature of Sattva – shalok 14.06, 14.09 – 14.11, 14.14, 14.16 -14.17, Rajas – shalok 14.07, 14.09, 14.10, 14.12, 14.15-16 and Tamas -shalok 14.10, 14.13, 14.15-16. He describes three kinds of shradha - shalok 17.02 – 17.03, worship – shalok 17.04, austerity – shalok 17.05 – 17.06, food – shalok 17.07 – 17.10, yagye – shalok 17.11 – 17.13, speech – shalok 17.15 – 17.16, gift – shalok 17.20 – 17.22, abandonment – shalok 17.07 – 18.09, knowledge – shalok 18.20 – 18.22, action shalok 18.23 – 18.25, doer shalok 18.26 – 18.27, intellect – shalok 18.30 – 18.32, firmness – shalok 18.33 – 18.35 and happiness shalok 18.37 – 18.39. All this gives deep and complete knowledge of them all and this knowledge is all pervasive.
       Shri Krishan expounds all possible paths chapter after chapters. Chapter 2 - Saankhye Yog, the path of Self Knowledge; Chapter 3 – Karm Yog, the path of action; Chapter 4 – Gyaan Karm Sanyaas Yog, the path of knowledge, action and renunciation; Chapter 5 – Karm Sanyaas Yog - the path of action and renunciation; Chapter 6 – Aatm Sanyam Yog, the path of Self-Restrain; Chapter 7 – Gyaan Vigyaan Yog , the path of Knowledge and Science; Chapter 8 – Akshar Brahm Yog - The path of Imperishable; Chapter 9 – Raaj-Vidya Raaj - Guhye Yog - the path of wisdom and mysticism; Chapter 12 – Bhakti Yog - the path of devotion and surrender; Chapter 18 – Moksh Sanyaas Yog - the path of renunciation and emancipation. All this words of wisdom is to help us to find what is true for us.
    In Chapter 11, Vishwarup Darshan helps Arjun experiencing the universal form of the cosmos. Sanaatan knowledge and wisdom is not merely rhetoric, logicalizing or dialectics where the entire effort is to win and establish intellectual superiority but is all about transmission of and having cosmic experience. The world has choicelessly moved from the third to the fourth dimension after experiencing the covid cosmic kick and have become aware of the metaphysical existence of us there is awareness of toxin free health, pollution free environment and non-conflicting existence. Reading, understanding and assimilation of the simple but deep learning so beautifully expounded in Shrimat Bhagwad Geeta has more relevance and significance to mankind today than ever. There is not a single word in the song celestial which does not contain an underlying thought or hold a significant meaning to relate to the path that every human being is traveling in lateral time and existing in quantum way. It is for us to locate our standing in the universe and move forward to achieve the true and real purpose of life. It is also for us to see why those who, though seem to be rising on social ladder, are falling from the true and real purpose of life, until the truth dawns and the karmic colours splash on life’s canvas, following irreversible laws of nature, without judgment.
       The song Celestial helps us to unwind all that riddles us once we decide to let our life loose. There is not a single word or thought which can be added in the song celestial here, there, or anywhere. Shrimat Bhagwad Geeta is a complete code, with its tributaries and attributes reaching all over. Time and again it becomes imperative for everyone who in the process of seeking realization seeks to decipher the mundane and the ephemeral as also the metaphysical and ethereal to perceive the picture as a whole, which it quests to experience, as the goal and purpose of coming into existence.
        Shrimat Bhagwad Geeta is one of the most powerful documents to be read and re-read, to enable understanding of the people and world around and realising the true nature of Self. It helps us to begin or to end in the most profound manner the so-called war between forces that are blindfolded by lust, greed, and desire to control and continue to exploit others and feel more authorised, empowered, and sanctioned, to continue in their venture, on one hand. On the other hand, are those that have the necessary wisdom, knowledge, experience and understanding and wish to continue to exist helping each other and feel pained by the miseries of the exploited and the exploiters and keep evading the war until it becomes inevitable, for that brings several other kinds of misery, unhappiness, and disasters. It is imperative to have awareness of the whole to act meaningfully and effectively act in the world to our perfection and continue to enjoy bliss of existence.
       The advent of the new age demands re-enforcement of the same said principles and the underlying energies in a new form to be fully appreciated, understood, and realised. One of the basic ingredients of sanaatan belief system is the physical experience of Truth and that is one reason that the fundamentals of philosophy have survived irrespective of the onslaughts. The conscious meta - physical experience and realisation and the bliss that follows is a very personal experience and keeps the being act purposefully, till the existence continues to exist in bliss and ecstasy.
       Reading and understanding Shrimat Bhagwad Geeta is yet another step to help the perception of the conflicts and resolve them or help the perception of absence of such conflicts and negate them. In the absence of correct appreciation, understanding and realization of the Truth, every human being not only thwarts her/his own development and progress towards the Ultimate, but also gets involved in social reactions and interactions which defeat the very purpose of existence. The inability of human being to perceive the whole or Its true nature brings about thoughts and feelings like disapproval, disappointment, displeasure, annoyance, anger, dissatisfaction, depression, frustration, guilt, fear, jealousy, hatred, melancholy etc. leading to social expressions and social phenomena like lack of sympathy, unfriendliness, hostility, aggression, enmity, abuse, violence, exploitation, brutality, terrorism, poverty, corruption, divorce etc. which religion and law endeavor to minimize and control.    This book is neither intended to unsettle the minds of those who are attached to pleasure and power or to invite their opinion. This is meant merely to induce and reinforce in the wise the stimulus and vitality to carry persistently and precisely on their activities, to create a perfectly harmonized social order and help every other individual to reach Self-realization.
        It is time for us all to realize our true Self and move on a spiritual path, within. It is the time to Shrimat Bhagwad Geeta helps us to see the larger cosmic picture, our location in the cosmos, and the path uniquely suitable and provided to us. For over 5,000 years now and for times immemorial Shrimat Bhagwad Geeta will continue to help every old soul on the path to resolve the issues and help becoming conflict free, leading to move with the spiritual revolution 5.0.