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Welcome Note || Mahesh Chand and Lalit Bansal || Bcrypt Conference 2022 (Day 4) || CSharp Corner
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Nov 6, 2023
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0:00
Hi, Nanit. Welcome to Bikit Conference 2022
0:03
Thank you. Thank you. So, how's everything going on? Everything is going good. I'm here in Delhi and it's raining here
0:10
So, it's a very cool weather too. It's very cool weather. How about you? It's great. Even in Gurgam, we are having great rains and the weather suddenly became pleasant today
0:21
Yeah. From this scorching heat, even I was traveling, even in the south, I was feeling very happy while traveling in the south
0:30
But coming back to Delhi and CR, it was like, you know, from pleasant weather, I came into scorching heat weather
0:40
But now it's really good that I'm happy that I just came the day before yesterday
0:46
And now it's feeling better. Yeah. So I would suggest to bring some tea and tea with you
0:55
But I won't take much of time, Lalit. we have an amazing course for the day today and I'll be going to welcome him
1:01
Hi, Mahesh. Welcome to Be Good Converse 2022. Hey, good morning, Simon and Lalit. How are you guys
1:08
Good morning. Good morning. Yeah, Lalit, your background looks awesome. Thank you
1:15
Yeah, I heard that you guys are essentially heat is there in India
1:20
Well, guess what? Heat is here also in the US too. So I'm drinking my awesome drink
1:26
It helps me keep for the day. It's better because these liquids are only surviving us at this moment
1:35
Because in India, especially in Delhi, Delhi Gugaan, we are facing like, you know, a heat temperature of around 48, 49 degrees Celsius
1:45
Wow, that's almost, this is going to be the highest, right? Yes
1:48
One of the highest here. In fact, today it's a very pleasant weather, whether it is in Delhi or Gurgaon
1:56
We are having rains since morning and I think the temperature must have gone down to around 30 from 48
2:08
Oh, that's nice. Yeah, the weather is very pleasant at this moment
2:14
Nice, nice. That's great. All right, so let's kick off this Lalit
2:18
so yeah first 15 minutes everybody welcome to this bcrypt conference c sharp corners b crypt conference
2:24
um and the purpose was really to bring this conference was to educate people a lot of things
2:31
going on in the world and now first 15 minutes you and i want to talk about few things and um
2:38
and we're not going to take too much time i want to cover i want to cover a few topics i want to
2:42
cover the crypto crash i want to cover the future of blockchain i want to cover the the nfts and
2:49
then i want to cover web 3 and metaverse so i want to cover like a few minutes on each so let's start
2:55
with crypto crash crypto is crashing right i see the if anybody watching your investors in the
3:01
crypto you they can see bitcoin is almost at like 20 000 so i have my point on views on that why it's
3:09
happening? Do you have anything on that? Why you think it's happening
3:13
Even if you see Mahesh that in India and US everywhere these repo
3:20
rates are increasing and you know fortunately or unfortunately every impact is coming from that
3:29
Either it is totally Indian economy or US because of these it's going down. In fact
3:37
these, if you see about Indian market also, stock market, it has drastically
3:45
gone down. But, look, like I say, investing is always have two opportunities
3:54
One is that when it dripping you have a chance to buy Right So it always depends upon the investors thinking As far as I believe that since the whole market is going down
4:11
it's the best time to have a grab the opportunity. Those who are willing to be in this space and for the newcomers
4:21
definitely it's a bit lost for them. but i would say that they should stay tuned as i believe that this is the best
4:31
buying opportunity if people wanted to be in this crypto industry yeah that's a good point
4:39
that's a good point and yeah so yeah people buy when it's down so obviously we are not financial
4:44
advisors or um we are not giving any advice so i highly recommend if you don't have money to
4:51
throw away don't buy anything right this can't be a like if your money where you used to pay for rent
4:57
and car and food this is the money you want to invest for long term and my view always has been
5:03
is that if you're investing in a company doesn't matter if it's a crypto non-crypto you need to
5:09
understand their business don't just buy because some people are jumping up and down in social media
5:15
and hyping things up right so you have to look at the company what the company does okay so let's
5:21
say you're investing in a blockchain right in a crypto and look at the blockchain what's behind
5:26
the blockchain what the technology behind it what's the who's the team and who's using it
5:32
what companies are using the the real blockchain what what projects are being built on that real
5:38
blockchain because end of the day that is the real use case exactly one should have his due
5:46
diligence upon any product they wanted to get invested and thereafter only they should buy
5:53
elsewise it could be uh uh not like this that i'm buying he's buying so i am buying which is
6:01
a really dangerous thing and in fact if i say most of the projects those who have
6:09
just a theory of getting funds they take and grab such an opportunity of people's mentality that
6:17
they come and buy because even you know i heard while going to many various events in fact there
6:25
i met many people they were like no i saw this project and many people are going and
6:32
buying that project so even i'm investing in it i said but have you checked the background
6:40
that what the project is about until unless you have done that due diligence on that project
6:47
I would never ever say that one should go and buy. Either it is crypto or it is any stocks
6:56
Yep. Any investing. Yes. Because the investment is really the hard-earned money
7:03
and one should not go behind anyone to just buy. Yeah. Yeah
7:10
And, you know, there are three kinds of... I break down this blockchain crypto world into three kinds of people, right
7:15
especially the crypto part one is the people who are building the products right builders and
7:21
creators these are the team these are the founders they're creating number two are the one who are
7:28
investors right they are like investing crypto like you me whoever else is investing in big firms
7:34
and number third are these marketers and hypers and brand investors in slas so they're doing
7:41
they're doing their own job. We're all doing our job. Creators are creating, investors investing, and then marketers are marketing, right
7:47
They're all doing their jobs. So you have to be careful then when marketers are marketing and hyping things up
7:53
what is real there and what is not real there. So once you figure out that I think you will make a better decision Exactly Exactly It one should always figure out everything before going into the investment because look
8:09
if a person gets, you know, explored this market, then they will find that
8:16
there are many people who are advertising, who are promoting everything. And it's just that
8:21
this is their job. And, you know, sometimes even Mahesh, I would say that
8:27
sometimes I really feel that these marketers should learn things from scammers
8:35
You know, these phishing scammers, they have such a capability that they make a person to invest into their project
8:43
So it's not really invest into their project. It's that they have the capability of bringing out the money
8:50
from individuals' pocket to themselves. for all those legit projects that we see they should actually learn marketing from these scammers
9:01
because they know that their project is really legit and uh but they don't know how to market it
9:07
because they always believe in you know putting their money into development but yes so i've seen
9:15
that i've seen some projects where um you know we're technical people like i'm technical i've
9:20
been writing code for you know 25 years I still build software system that's what I do so our when
9:27
you are a builder or founder and your technical background we don't think in terms of marketing
9:33
scamming because that's not our focus is and that's where some projects are they're awesome
9:38
people they're building good tag but they don't market and a lot of people don't know about those
9:43
projects so anyway that's a discussion for another day because we don't really have a lot of time
9:47
let's move to my next topic um nfts in web 3 right so we we are seeing these so many nfts being
9:54
created there is a you know obviously there's a monkeys and there's obviously yacht and board
9:59
yacht club and dogs and cats and fish and everything is coming out okay i'm making these
10:05
images putting nfts and selling it um and um obviously a lot of people are now complaining
10:12
because they have lost a lot of money in NFTs in recent times
10:16
So again, same thing. If you are interested in investing even these NFTs
10:22
and I'm not saying all NFTs are scam or useless. When I look at NFTs, there are some useful NFTs
10:29
There are companies like I know I'm working with the company MAP. We are building NFTs that's useful NFTs
10:35
So again, it's a smart contract. It's just one kind of its own kind of contract
10:40
And if you can figure out the real business use case behind those NFTs and you invest in those, that makes sense to me
10:48
I don't really, I'm not a big fan of buying a picture of cat and pretending like it's going to go thousand times in value over time
10:57
So anyway, what's your take on that? Of course, it's, you know, that till date, I even I have seen that unnecessary these heights have been created in NFT space
11:09
but yes the real use cases are yet to be seen like you mentioned that you have seen mpa and i believe
11:19
that this will be a turning point of nfp's because at this moment everyone is like you know happy to
11:25
create a picture of either dog cat or anything which doesn't have any sense but they are getting
11:32
they had raised like millions and billions in fact during our last discussion we were talking
11:40
about the people who have raised like in billions millions and they are getting top
11:45
uh nfts but uh in real factual thing I don't see any use case but I believe that there would be
11:54
projects coming up like MPay those will really turn these and have to use cases around Yep yep so let get to our next topic so that the only
12:10
thing we want to cover on nfts everybody welcome to this weekend conference and let your comments
12:15
keep coming thank you so much for joining us from around the globe let your comments keep coming and
12:20
let us know what you like you have questions ask your questions and we will ask speakers to take
12:25
those questions you know after the sessions and simon is again going to join us again to host this
12:31
whole thing i won't be here all the time um i wanted to jump just early and you know join you
12:38
lalith here and two more things we will talk before we bring our next speaker so web3 right
12:44
so i don't know if you saw that there was a bunch of videos on web3 uh and one was from obviously
12:52
you know they're bunch of really and looks like a lot of people have no idea what web 3 is all about
12:58
um in my view web 3 is the next generation of technologies beyond web 2.0 and that's where the
13:07
one of the key thing differentiator besides meta versus 3ds decentralization more intelligent
13:15
systems is the the the biggest key difference is the ownership in world of web 3.0 people will
13:22
own the communities will own uh whatever they are creating rather than you know like right now in
13:29
this and in centralized world where instagram you upload all the content but instagram owns
13:34
everything and makes all the money yes definitely it's uh you know uh this uh web 3 why it has
13:45
it is becoming popular it's because this web3 is a bit more relevant to blockchain and uh you know
13:53
bringing up transparencies and low cost activities these all would be the key feature of this web3
14:02
going on many projects have now started development in terms of either blockchain or in journal also
14:09
not even if we talk about blockchain projects but others also yeah this this is really a turning
14:16
point of uh this web world now yeah yeah and yeah and don't take me wrong we are building actively
14:22
on web3 right and we have big projects coming on web3 you and i know that we are already working
14:28
on it probably we are putting like i think you know 20 30 developers just on web 3 on different
14:33
projects so we are actively working and i'm not saying personally you and i we are both involved
14:42
so but if i have to you know tell anybody who's watching this is when you think of web3 blockchain
14:50
even metaverse and if you're trying to build a project trying to bring your ideas to market
14:55
think of purposeful always keyword keyword is purpose right are you building a purpose-based system what is the purpose what is the end goal how is
15:06
it helping people in general are humans right what problem you're really solving
15:11
if you have those things in mind and then build something chances are that
15:18
will do something good and it will become successful for whatever scale
15:22
whatever you know height it reaches at least it's not something you are not creating something
15:28
useless and then you know just uh again it's like throwing garbage right you're walking around
15:35
you're eating snacks and throwing garbage in the in the planet it's not good for the planet right
15:40
same thing if you're building something junk even it's nfts they're useless i call them junk
15:45
you're creating this clutter you're creating digital junk uh on the planet so with last word
15:51
let's see then listen and then after your thoughts on that let's invite our next speaker
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