Skip to main content

Posts

Showing posts with the label trust

Of integrity, coinage and inner devil of Man.

Naanayam (நாணயம்,   Tamil; Integrity/Coin, 2005) It is ironic the very thing that makes one loses his integrity bears the very same name that gives confidence. In the Tamil language, நாணயம் (Naanayam - the title of the movie), could indicate either integrity or coins as well as currency. The root word tells it all; coin/currency works based on trust. Once someone loses his trust in the economy of a, say banana republic, its whole financial institution collapses. There is no problem that a little moolah cannot solve, they say. In a Tamil saying, it is mentioned that even a corpse would open its mouth at the mention of money. There is no stronger bond than the love for money. Even motherly love can be bought over. At the same time, money unleashes all the evil feelings that have been suppressed over the million years of our civilisation and the code of conduct that evolved from it. At the sight or suggestion of easy money, all integrity goes out of the window. When wealth is sma...

Trust and Conviction

cgsociety.org I heard a strange comparison between cryptocurrency and religion the other day. When we look at the number of people who invest a significant amount of their hard-earned savings into multiple blockchain technology schemes, we sometimes wonder what makes people place so much trust into something so intangible. How many times in the history of man have we seen promises of easy wealth through a yet another newer and more novel way to beat the system? How predictably have the bubble repeatedly burst when people, like rats, followed Piped Piper to the caves? Even with the knowledge of previous mayhems and follies, with their great reluctance to be detached from their world material wealth, the promise of multiplying their already burgeoning opulence is too much to resist. There is no central control, hence the lure of concealment. There must be a reason the Blockchain technology is cryptic. Is going to be so mysterious that everything may just go up kaboom into thin...