Banking

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Balance sheet recession

21 Dec 2023 1 minute read 0 comments fmiren

Balance Sheet Recession Balance sheet recession is one kind of economic recession that differs from other “ordinary” recessions. It is an environment in which private sector pays down its debt. Since this implies less corporate spending or investing,...

Why Do Banks Use Social Media for Official Communication?

11 Dec 2023 1 minute read 11 comments Debesh Choudhury

Some Indian banks use social media for official communication! Recently, I read a LinkedIn post by Soham Sengupta that reports how his elderly father received threatening calls from an unidentified person for sharing the CVV of his Axis Bank debit ca...

Bitcoin redefined possession

29 Nov 2023 5 minute read 3 comments Kovichni

I just read this back to check for spelling/grammar and honestly it sounds a bit like ranting about nothing, but still worth a publish IMO because if only one person learned something then it was not for nothing. So on that note: Childhood-me often d...

India's Digital Identity System Aadhaar Data Breached Again!

7 Nov 2023 2 minute read 4 comments Debesh Choudhury

Massive data breach of a national digital ID system! India's Digital Identity system Aadhaar's recent data breach made it clear that Aadhaar is highly security vulnerable and a broken ID system! More than 81 crores (0.81 billion) of Indian citizens'...

Chinese-Style Social Credit System Is Getting Closer to Western Countries – Bitcoin Is Your Way Out

6 Nov 2023 3 minute read 1 comment ssaurel

The name NatWest may mean nothing to you if you don't live in Europe, or more precisely in the UK. However, NatWest, better known by its full name of National Westminster Bank, is a major retail commercial bank in the UK. If NatWest has been in the n...

Why Are Stablecoins Leaving the Market? Part 2 — Because of TradFi Direct Deposit Bonuses with Triple-Digit APRs

20 Oct 2023 5 minute read 0 comments Messin' With Cryptos

Hey folks, before you get started, this is a sequel to an article I wrote earlier in the month:   Why Are Stablecoins Leaving the Market? Because TradFi simply has better rates All of those deals are currently still active, so if you’d like to take a...

Financial crises

17 Oct 2023 4 minute read 0 comments fmiren

In light of the recent fears of recession and several bank failures I think it's time to talk about patterns of banking crises. How and why do they occur? Can we predict and avoid them? One of the best books on the history of financial crises is “Thi...

Big banks hate Bitcoin, but they’re beginning to realize they can’t beat it

30 Sep 2023 1 minute read 2 comments LeftFooted

It is no accident that bitcoin was created in the aftermath of 2008 financial crisis. We’ve gradually been trained to distrust governments and banks. We haven’t been trained to do that by fanatics or as part of our education, nope, it was everyday...

Delink Aadhaar From Your Indian Bank Accounts

27 Sep 2023 2 minute read 12 comments Debesh Choudhury

Aadhaar is a broken digital identity project of India! Adopting biometrics as an authentication factor made Aadhaar a pain for Indian citizens! They lose money almost every day from their bank accounts! Daily, poor citizens lose money from their...

Chase Bank is chasing its customers away

27 Sep 2023 1 minute read 2 comments LeftFooted

I read somewhere that one of the biggest mistakes we can make is to assume that just because somebody's in a high-ranking position to do a job, that person is actually qualified for the job. In other words, just because they make the big bucks, it d...