Why indian crypto ecosystem won't succeed
Here's my take
What we fail to understand as indians is that these indian crypto exchanges are just like any other bank.
If we consider them as crypto or as most users understand that crypto is freedom, decentralised or privacy, then we are the biggest fool in this argument.
Any Indian crypto exchange is a bank or worst it's like a bank but without any assurances or insurance.
If your bank account gets hacked or the bank becomes insolvent without your causing it, then RBI steps in and Deposit Insurance and Credit Guarantee Corporation (DICGC) will step in and reimburse the users affected.
Unlike in Wazirx, Bitbns, Vauld case, I want you to read carefully and try to understand the point I'm making.
As we study crypto is freedom, decentralised and privacy focused (Web3.0) but we created our accounts on these centralised exchanges (Web2.0) with our KYC documents.
If a exchange is hacked then we should forget about that money as that money was never yours. When you deposit your money to a bank, it's not yours anymore it's the bank money now. Same with the exchanges they have it and you are just a creditor to their platform. Nothing else.
In case of banks you get a plain insurance of 5 lakh rupees if anything happens at the banks or insolvency. In indian crypto exchanges the owner will be on the run or hideout until it's calm and start a new business again. This is where regulators need to watch carefully.
About insolvency, let's take wazirx for this example. According to Wazirx, they are doing a restructuring based on the hack date, the 18th of July 2024.
In their accounts they hold a total amount all together and they will Re-distribute the funds to each other accounts accordingly.
But there's a flaw here, this is not a bank where I keep my INR and it's in my bank and used only in India, this is crypto traded worldwide, 24/7 and volatile.
Why the restructuring process is the end of Indian crypto community is because let's say I was 90% down in portfolio from 1,00,000 rupees to 10,000 rupees at the time of 18th of July 2024.
Now wazirx only has to pay me only that 10,000 rupees because they have determined the date of hack to be the reimbursable amountπ₯²
But what about that 90,000 rupees now? It's not longer their problem. You will get that 10,000 rupees reimbursed in USDT pair most probably or in token amount but then the tokens would be significantly less as compared to July 18 as the portfolio needs to be balanced for everyone.
If you have read carefully you must have understood the problem here
And why the singaporean court granted Wazirx to go ahead with their restructuring.
They did nothing wrong they are just following a script for restructuring. Funds before July 18th 2024 don't matter in restructuring as 18th July is the main focus here.
bitcoin research #2
Wazirx hack: A travesty for Indian crypto users and other Indian exchanges
Shortwave: an open source app to listen radio π»
What's shortwave?
But bruh why stream radio instead of Spotify?
How to install?
Uniget UI a must have free software for windows users
Today we will learn how to install and use uniget UI software. It is an open source software which is available at GitHub. Open source meaning you can checkout the code and find out if there's anything suspicious about the software. Or you can report the bugs to the developer by raising an issue.
So what's uniget UI?
How do I explain this to a non-techie person? You know there is something called as terminal in windows which is almost the same as Linux. You can use it to install/remove apps with just one command, but for a normal user it's a bummer so that's why this app exists.
It is a all in one place to download your software/apps without using your web browser.
Because when you use Google chrome to search for let's say notepad++
The search results might have sponsored links at the top from different developers of the same competition or malware software.
I know you are not that gullible to download malware from the internet but just to be safe than to be sorry try this software.
You can update/upgrade your software packages from this app. Uninstall or remove packages from this app.
Tutorial about using the software, I don't think that's necessary as it's what you see is what you get.
What else can this software be used for?
Suppose you want to install a clean version of windows again? It can be a hassle to install all the apps again one by one right?
In the package bundle option in uniget UI you can add all the packages you would like to install all together when you move to another computer or reset it. It creates an executable of all the apps in just one file for you to install them again.
Compatibile with windows 10 and above. Ofcourse you can use the Microsoft Store to download apps if you don't like this or vice versa.
Download now
Bitcoin Research #1
Get paid for receiving sms tested since 2018 (Moneysms app)
You read it right you will get paid from moneysms app for just receiving sms.
The app name is called MoneySms.
You must keep the app running in the background so that once the sms is received on your phone the app will automatically credit the money.
Download the apk from here https://download.moneysmsapp.com/MoneySms.apk
Download and open app.
Register with your phone number and verify it.
Use this referral code D62DE1C4A5 so that we both recieve 0.25 euros.
That's it, make sure it is always running. It shows in the notification panel as waiting for sms.
Once you receive an unknown sms check in the moneysms app. Go to balance----> check balance and then you can delete that sms.
Payment can be recieved in PayPal, bitcoin and Litecoin.
If you want the payment proof comment below and I shall upload the payment proof in the post.
It is not that you will receive sms daily. There will be time that you will get 5-6 sms daily or nothing.
Now you might be thinking why are they paying to send us sms?
It's because mobile network carriers can test their sms such as otp verification or promotional messages and sms delivery on our phones.
Basically you are unit tester for different network carriers via this app.
This is what I've observed in the last 6 years of using the app.
Ofcourse if you have a Xiaomi phone, give it unrestricted access otherwise it will kill the app in the background.
I upgraded to a Xiaomi phone and I've received negligible sms as compared to my previous phone. It's just stopped for me after sometime.
The rates for sms have changed recently now a new user gets 0.03 euros approximately 3 rupees per sms but over time you will only receive 0.01 euros as you receive more sms.
In my time I used to get 0.02 euros for every sms.
They cater to new sms numbers so if you start getting less sms then you can't think of changing number or new sim.
Disclaimer
No ai or chatgpt was used in the production of this tutorial. Everything was first tested thoroughly and then written to avoid any issues.How to cast YouTube from phone to pc/laptop
Today we will learn how to watch YouTube on pc/laptop using cast option from your Android or iOS device.
How do I go about this tutorial you might wonder? I have a laptop from 2006 and we use it while using AC in another room which doesn't have TV.
You need to install custom userAgent string extension https://chromewebstore.google.com/detail/custom-useragent-string/lejiafennghcpgmbpiodgofeklkpahoe?hl=en-US&utm_source=ext_sidebar
You will be able to change the youtube version to that of youtube TV.
Enter the desired url: youtube.com/tv
In custom userAgent it will be by default written something else like different version, copy paste this code in that box.
enter a custom userAgent string:
Mozilla/5.0 (Linux; Tizen 2.3 ) AppleWebKit/538.1 (KHTML, like Gecko) Version/2.3 TV Safari/538.1
Click on the plus button to add the selection, sometimes YouTube.com/tv won't be added so you can also add again.
Open YouTube.com/tv on your browser and then it will tell your to activate your or sign up with your YouTube account but if you don't want you can skip this step.
Go to YouTube settings and click to pair with tv code from your phone and pc. Enter the code and your phone will be paired with your PC.
Now on your phone select the YouTube video you want to watch and choose the cast icon in your phone and choose the TV.
Disclaimer
So I use this laptop to watch videos as a TV replacement in that room. Earlier I used to watch it full screen using f11 but it is not working i guess.
Although trick is old but it still works but there's a catch it's only 480p at the moment.
This trick helps the browser into considering your computer into an Android TV.
This was working well in 2018 and was by default in 2014-2016 era I guess but was removed by YouTube.
This tutorial only works when you have Wi-Fi in your pc/laptop and connected to the same Wi-Fi network.
No ai or chatgpt was used in the production of this tutorial. Everything was first tested thoroughly and then written to avoid any issues.
Good day.
How to use Android usb tethering on older macbooks
How to extend your wifi range using Android smartphone.
Today we will learn how to make your Android smartphone as a wifi repeater for free.
Why make your Android smartphone as a repeater?
Let me explain. I have a phone which gets no internet when my tv is connected to the same wifi.
I don't know what is the issue is but I've observed that whenever my tv is turned on, the wifi on my phone becomes useless.
So my phone is there only to receive or do phone calls nothing else. Upon research I came to know that we can use a second phone as a wifi repeater.
Follow the following steps
1) Download the net share app from the play store on the Android phone which you want to use as a wifi repeater https://play.google.com/store/apps/details?id=kha.prog.mikrotik
2) Open app and press on setup wifi hotspot.
3) In the below drop-down option it will show proxy settings such as ip address and port number, keep a note of it.
4) On another phone, put the wifi credentials and connect.
5) After connecting you will have to go to that wifi options and input proxy settings such as ip address, port number and bypass ip address. Ip address and bypass ip address must be same.
6) Now go on with your usual business and enjoy your internet.
Disclaimer: Using this method does not guarantee internet on all apps but you can watch videos on YouTube, browse the internet, update apps but cannot play games like bgmi, blogger.
Although you might get latency issue as it is routing through another smartphone, I found no issue watching YouTube videos in my smartphone.
No ai/generative ai was used in the creation of this post. If you like my efforts please share with the needful.
How to get free VPN in linux
Today we will learn how to install a free vpn in our linux system. The vpn I'm talking here is proton free vpn.
Although it's free you need to sign up with proton vpn to access the VPN. This tutorial is applicable only for debian based distributions, so proceed with caution if you have arch based os, windows or macos.
1) Go to https://protonvpn.com/free-vpn and then click on get proton free vpn and then click on continue with free.
2) Sign in or sign up if you don't have an account, after that sign in.
3) On the left menu click on downloads and download for GNU/Linux. If you want it for your operating system do that here. This is direct download link for linux https://protonvpn.com/download-linux. After going to that link click on install proton vpn. here if you are confused https://protonvpn.com/support/linux-vpn-setup/
4) click on debian https://protonvpn.com/support/official-linux-vpn-debian/ and follow the onscreen commands from steps 1 to 3.
5) now that you have reached the installation page we need to get the repository first by typing the code into terminal app.
6) install the vpn app by follow commands line by line.
sudo dpkg -i ./protonvpn-stable-release_1.0.3-2_all.deb && sudo apt update
sudo apt install proton-vpn-gnome-desktop
sudo apt install libayatana-appindicator3-1 gir1.2-ayatanaappindicator3-0.1 gnome-shell-extension-appindicator
7) once everything is installed you can now close the terminal app and then search for the proton vpn app in your applications menu. Open proton vpn app.
8) sign in to your proton vpn. connect to a free server and there you have it.
The versions and code might change in the future depending on the software version, that is why I've added links so that you will get the latest code and up to date information.