Yantrakaal

In an earlier post, " First Look at a New Currency ",  I had written about my hesitant entrance into the world of the Bitcoin economy and today, the Economic Times has an article that shows that even the regulatory bodies in India have started to have a point of view on this strange and disruptive technology. Since then, many people have been asking me about this piece of technology so let me take a stab at trying to understanding this currency that has appreciated from just US$ 200 to US$1000 in the space of just one month. First question : What has caused this sudden jump in the value of Bitcoin ? Well the answer is that US Regulatory agencies have declared that there is nothing inherently wrong or illegal with the usage of this currency and the US cannot fall behind the rest of the world, and particularly China, in adopting this new technology. This has set off a flurry of trading activities that has resulted in this huge increase in the price. Second question : Is...

Many young and energetic graduates from our premier institutes of learning have of late decided to opt-out of the placement services that these institutes provide to become entrepreneurs and set up new businesses. A recent slideshow-report by the Economic Times, features 10 such cases where students of IITs, IIMs and BITS Pilani have created a string of successful businesses. Prima facie this is an excellent development and we wish that many more students create many such enterprises but a closer look reveals some disquieting trends that may be worth a little more discussion. Seven of the ten businesses featured -- and these include well known names like Flipkart and Redbus, were about a service delivered out of a website. This includes monitoring school kids, booking of taxis, buses and trips, selling of goods and services over the web. Two were focused on building a software that facilitate phone calls over the web and the tenth was about building a robot. In all of these busines...

A species evolves when some of its members acquire some characteristics that gives them an advantage in the competition for resources, a characteristic that makes them more "fit to survive" in a hostile and adverse environment. From this perspective, the appearance of language in the animal world was a watershed moment in the ascent of man.  It may not have happened overnight but the emergence of this unique ability   to capture fleeting perceptions and experiences as concepts and ideas in a matrix of grammar and vocabulary and then transmit them for debate and discussion gave such huge evolutionary advantage to those apes who acquired this ability that in effect a new society was born. Language was a very unique skill -- a skill that allowed one to acquire, modify, transmit and disseminate knowledge and information about other skills like hunting, cooking, farming and building shelters. It did not matter which skill was important for survival, a language to talk about...

 I spoke about this unique concept at the Technology Forecast Conference organised by PricewaterhouseCoopers Ltd in Calcutta on 26th September 2013 at the Hyatt. At the end of the presentation, I asked members of the audience to send me an SMS and  vote on whether they thought that there would be an internet of human minds in the next 50 years. 16(+1, added later) people voted YES, 6 people voted NO.

The Kedarnath Temple that was nearly destroyed in the recent natural calamity has now been thrown up to the public again but a lot of reconstruction and rehabilitation has be done to bring this tiny temple town to its pristine glory. We had been to Kedarnath and Badrinath in 1997 and here are some ancient pictures that are in our treasured memory. notice the snow in the courtyard of the Kedarnath temple and this was June-July. This was the Bharat Sevasram Sangha guest house or dharmashala that we stayed in. After the stiff Kedarnath trek, we had some rest at this beautiful tent colony and Nandaprayag, right next to the rushing Alakananda River Next stop was Badrinath the soaring Neelkantha Mountain ............................................................................................................................. and here are a few more pictures from this trip Karnaprayag Lachchhmanjhoola ...