unbiased tech & How-to

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...

This post is going to be as blunt as possible and let me take out all my anger, sorrow emotions all together. On July 18 2024 wazirx exchange experienced a cyber hack in their cold wallets. I noticed it happened live while I was with my father for his regular checkup. I was of the opinion that it must be a hoax or might be little amount as they must have had all their funds in cold wallets and wallets don't get hacked as it is backed by blockchain and we hold the private key. So I went on with my day and when I return back that evening it was raining tweets all over and it was catastrophic. Ideally I should have withdrawn the money as it was unfolding at 11 o clock but the wazirx fan in me was too strong to withdraw. I didn't withdraw when the government announced ban on crypto in 2018. I didn't withdraw when FTX fraud happened, lol I brought some during the downturn hoping to get some return but lost!  I didn't withdraw when Terra LUNA happened, I also brought some in ...