Government and Banksters Will Keep Shooting Themselves In The Foot!
With the Indian economy not doing so great, small cryptocurrency exchange startups have been new avenues for employment for the growing number of techies in my country.
But ofcourse, the government and the central bankers have a different outlook on all of this. Instead of helping improve reducing the growing issues of unemployment as well reducing the issue of youth who are unemployable we are busy thwarting adoption of growing technologies and avenues.
Exchanges are just a tiny component in the Fintech industry where today blockchain startups are growing in popularity just as companies looking to build software in the early 90s.
India produces a large number of IT professionals. Many are certainly skilled enough to work on blockchain tech and there are several who are doing it already. But this number can grow significantly if the government puts its money where it’s mouth is!
No Jobs and Pending Loans is an article that describes the present scenario in the market.
Large sections of fresh engineering graduates are fighting unemployment with the baggage of education loans going up to several lakhs. Settling for any and every job or digressing from B.Tech to other sectors is the new normal among these jobless techies.
Layoffs in the IT sector in the past year alone has hit several employees very hard. It’s great if you are a self-employed individual today managing to make your ends meet somehow depending on yourself. But if you are looking for a lucrative career in IT it’s not easy as it may have been a few years ago.
Several of my friends and peers are in the IT sector and some of them have been struggling due to the changes in the industry.
Bankers can't tell the difference between memes and research -TheNextWeb
It’s actually true. You might want to read “Financial overlords are spreading cryptocurrency misinformation disguised as research.”
Bankers are in collusion with the government. Government make policies that are generally beneficial to the banks because these guys hold a ton of political funding for the government that is in power and the opposition.
Often times politicians are on the boards of some banks directing their monetary policies. Nobody in this corrupt eco-system wants the common man to thrive.
Political speeches that promise the moon are more often than not lip service at best. Our population is out of control. Most people could care less about the well being of the society over their own and most of our politico subscribes to the same mindset behind closed doors, filling their coffers from tax payers money.
We have to take care of ourselves. Find opportunities in every problem that we face. Our work needs to ensure sustainability for the future generation as well.
Governments are great but they are far from adapting with the times. Certain sections of the Indian government is largely protectionist and unwilling to adapt. We just have to show them the way I suppose by doing what is right for us... ;)
RBI called for a ban on banking services and exchanges found a way around the ban to legally continue supporting the crypto-environment in India. That’s how we roll here.
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The Indian government's dual faced decision of 'embracing the Blockchain technology' and at the same time warning the population of 'the dangers of investing in crypto' was embarrassingly haphazard.
The banks and the govt is singing the same tune without realizing that in the process they are not only subverting the economic freedom of its citizens but also making sure that countless young engineers from India remain behind in this new opportunity while the rest of the world makes progress.
I usually avoid politics but I bet that if opposition promises to embrace crypto then they'll get millions of votes just for that in the elections.
The problem is who will educate these 70+ year old senior citizens who are in the helm of every political party? None of them have any idea about the blockchain technology! It would be enough if this new technology gets some media attention. Unfortunately it doesn't happens!
Government and government systems always lack futuristic visions. Only private citizens bring change. So don’t lose heart. Find out work around sand keep working on projects dear to yr heart
@firepower its important matter you are discussing in here there are many talented IT professionals . They are not getting enough earning as they deserve. Govt trying make good environment for IT field.But Due to some peoples on higher post in govt are stopping them..
Govt should be seriously think about legalized the cryptomarket...
@firepower I have heard about the bank which is not under RBI regulations and I think that our indian exchanges got this opportunity to regulate Bitcoin in India as it was.
I am a student of B-tech, and I am not finding anyway in which I am able to get a secure job. This is a country of corruption and unemployment, where our government know only about politics and how to win next election. They are not focusing on our country problems.
⚔️⚔️⚔️I think Bitcoin should be legal in India.🔫🔫🔫
Regarding the bank you mention. You may want to read an older post of mine: https://steemit.com/india/@firepower/challenges-in-using-state-bank-of-sikkim-to-circumvent-rbi-s-anti-cryptocurrency-mandate
I think the concept of job security is passé. There's nothing like that anymore. Sad but true.
You are very true. It's been 3 years since I completed my B-tech. I tried a lot during this time. I worked in Bangalore, Chennai and Coimbatore for meagre salary just because I thought that the experience would make some difference in my life. It never.
I wrote several government exams only to realise that these exams are meant for those who can spend a lot of money to study in coaching centres. I tried to get a job in abroad. Again, it is money and influence that matters!
I'm not alone. Lakhs of youth in our country are wasting their energy this way. Even at times I think of setting ablaze the college I had studied in. Really I don't know what to do now. Most of us Indians are under 35 and energetic. We can become the best in the world if we utilise this manpower wisely. I'm really frustrated and angry over this system!
My friends in Australia are doing some agricultural works and earn a lot. An engineer and a courier boy are treated in the same way there. They earn well and are happy. But in our country, daily wage labourer is a bad word! Pity on this corrupted culture!
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Fresh graduates always struggle to find jobs to a degree. Unless they took care of looking early enough.
That's really an important matter to discuss on. I completed my master's last year and is now searching for a job. No hope of getting it. So I am here and hope govt. will take a fair decision.
So true for the IT professionals.. fortunately I am working in a good mnc, but the worth of an IT professional is constantly on reduce.. the quality of work Indian devs are made to do is not par with the talent we people have.. and guys who are even doing well are not being paid well..
Switching too is always a challenge...
I too have many friends who still are working on below average salaries and some didnt get the right kind of job in the domain they wanted - a sad reality right now
To the point post
Yes ,it is the true picture of our country's working system.All are busy in making their pocket full with public money.Every time they make us fool by their sweet speeches,and we believe them fully.But still when ?Every time they wanted a centric politics,dominating us, as a citizen of free country ,we should have economic freedom but in reality ,we are slave,why don't the system don't want to understand the benefit of crypto for economic development for the people.