2022-12-14 23:10

English speaking w Vardhan india.

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Crypto india

00:00
元気、ハロー、ベルデン。
おはようございます、ハイディーさん。
おはようございます。
How are you?
元気です。
元気ですか。Nice, nice.
You have Starbucks in your city?
What, sir?
Starbucks, Starbucks.
Yes, we have Starbucks in our city.
Like, how much Starbucks we have?
One, two...
Two that I know of.
Two to three Starbucks we have.
Two to three Starbucks.
Oh, nice, nice.
Starbucks has NFT, you know?
No, I don't know that.
But not just in the U.S. now.
But maybe in India also they have a waiting list.
Do they have in Japan too?
Yeah, they have in Japan, but not yet.
I think just in the U.S., but sooner they will come.
Blockchain is a polygon.
Blockchain is a nice thing, but the thing is that
everything putting myself on the Internet or some system
can be hacked sometimes, so I'm afraid of
should I put my information, my money on some system
which can be hacked anytime?
Yeah, yeah, yeah.
Please take care about it.
Yeah.
What do you think about that, Heidi-san?
It's a very new technology.
They have many chains, blockchains, and many coins.
I'm not sure whether Binance will be safe or not
because they are a Web 2.0 company.
But many developers started
products with crypto.
And now also we can change
the stablecoin like in Japanese yen
to the Ethereum or Polygon, any other coins.
So in an international way
we can just buy and sell on crypto
and change for the stablecoin.
It's possible, yeah.
Are you thinking to invest in this sort of cryptocurrencies?
No, no, no, I'm not investing a lot, but a little bit
because I love art
and NFT is connected to artwork
so artwork can be sold and bought with crypto.
Artwork can be sold, but the thing is that
the value needs to be understood first
If you invest like a blind person
03:03
like invest so many things in different NFT
which doesn't have such sort of value
you may lose your hard-earned money.
Yeah, exactly, exactly.
But as an artist, I connect with international artists
and they make some art with NFT
then we can exchange, we can sell and buy
and some artists' artwork is very high, you know
something like that.
You can also make your piece as an NFT.
Yeah, I have a lot of my artwork on NFT.
You know it?
No, I didn't know it.
So this is the picture of your NFT, sir?
that you have put in your profile, sir?
Yeah, yeah, yeah.
It's a polygon.
It's a polygon, wow.
It looks beautiful.
Oh, thank you so much.
I draw on iPad
and basically I draw on paper
with a pencil
and just
think about the form and the color and so on.
But the thing is that in India
cryptocurrency is viewed
in a different way.
And it has a really high tax
on the NFTs.
NFT is transaction.
Even though you make a profit or you make a loss
it doesn't concern you.
If the transaction of cryptocurrency
or NFT is there, you need to pay
the transaction
regarding that particular thing
not the profit or loss.
Yeah, but in the
Ethereum is very expensive
for the gas fee
is like 5 dollars
for each.
It was really high.
Yeah, it is high, sir.
But the thing is that
I still can't put my head around it.
I'm trying to learn how this
NFT things or cryptocurrencies
work because
it's kind of a share market
but it's still bizarre for me.
Yeah, yeah, yeah.
You as an
accountant, you know
how it is.
Yes, I'm trying to
put my head around it, but it's still
bizarre thing because sometimes I feel
it's okay, okay, we can
invest in things, but some
thing or two come up
and I change my mind.
It's not that good.
But how about
the companies
to buy like
Amazon or
Apple
How it's called?
Yes, we need to
06:00
like in future
I think that our hard-earned
currency is like a yen
which we feel right now to do the
transaction maybe
gone to some big sort of
limit and we need to do
this sort of transactions with
cryptocurrency
in future, not right now, but in future
Yeah, in future
Yeah, the technology
of the blockchain is on
layer 2
like not like
Ethereum chain, so
they are
creating like a GK
roll up or something more
quick and cheap
and
yeah, maybe yes
and the thing
is that right now I have
seen some MNCs
a big MNCs in India
doing the transactions
through the cryptocurrencies
which is really a bizarre
thing for me because
how could you like give some sort
of cryptocurrencies to the people
like imagine we had
transactions of 1 million
dollar and I transfer you the
cryptocurrency which you asked
for of 1 million dollar
and before our transaction
and after our transaction
the price drop of that
cryptocurrency, you may get the
less money, I get the service
or the goods for the good price
or the lesser price
Sorry, I'm not
really catch up your
saying about
I'm sorry, I'm sorry, I'm sorry
I'll speak in a slow
in India, the big MNCs
do the transactions
through the cryptocurrencies
and
imagine
you and me are
2 MNCs in a different countries
we
I take some product or the services
from you for my company
and you see me that
it will cost you 1 million
dollars
I say ok
but you ask for the Ethereum
I said ok
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23:10

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