Monday, December 13, 2010

What If You Have Universal Virtual Currency .............

I was comparing different currencies and their values. It's astonishing that the system of currency has evolved from simple give and take form to a today's virtual currency. Nevertheless, it's challenging to think about future of the financial system. Last year, I read Alvin Tofler's Future Shock, it occurred to me that everything changes at a fast rate. Everything in this world is followed by the exponential law. When we talk about change in anything, it is related to acceptance of that change by society.

We have a different financial system in different parts of the world. I want to evaluate, if this system is changed to a single system just like the traffic system, having few ground rules which are followed by everyone. There are few financial laws and methods which are used universally. Still I feel that due to Globalization, certainly after few years, we will have same currency everywhere which will definitely be the virtual numbers. We will not be converting or comparing the currency in this virtual system.

I am not an economist and I can not evaluate its impact to deeper extent. But, It will definitely bring revolutionary change in today's global world. We always talk about profit and loss in the financial system. During initial phases of its change, its going to be tough because all the countries with strong economy will have to bear loss and definitely to other struggling countries , it will be good kick start for growth. It will bring equality as well as reduce competition in the financial world. I may be sounding like dumb, but ultimately money is the power. Everyone wants that power to be used to rule the world. I am suggesting that money should be considered equal in all the part. I can see that to certain extent, this concept has started evolving in other terms. For example, when we want to compare billionaires, we always convert their wealth in USD. It's simple to think that comparison should be always made in same units. Other examples can also be thought on the same lines.

I was caught with this weird thought and I wanted to write it down to have more discussion. It's tempting to ask the question, " What if we have universal virtual currency all over the world ?"

Sunday, October 24, 2010

I have same opinion about electronic gadgets and buying costly things. They should serve the purpose. When I came to Toronto, I left my cell phone in India. U cant imagine that how much addicted we are to cell phones. I use to feel phone ring every now and then. It continued for almost 2 months. I kept on taping my pocket every now and then to make sure cell phone is there. Its just our mind which gets trained and we call it addiction. Now I forgot the cell phone. I hardly get call on my landline.

I had argument about buying better and better stuff with my friend sometime back. I liked her point. I am not sure that I agree with her or not. When we are talking old TV and comparing with LCD TV. It was not affordable to any body few years back. Now I can buy it.
When our parents bought new TV. They had struggle to buy that TV during their days. They have really worked hard to buy it and so they dont want to replace it. If we still go back to past during our grand grand parents. They didnt have TV. Werent they happy? I dont know. They might have different types of problems.

Ultimately, technology or money or any other thing wont bring happiness and satisfaction. It is true that when we see other people having better and costlier stuff, we get temptation to buy it. Its human psychology. Our parents are happy with what they have is because they are developed that way.

Tuesday, September 21, 2010

What is thought?

I happened to read a book by Eric Baum " What is thought?". The book repetitively asserts that the mind is a computer program. I started thinking about this concept further. I observed myself more consciously and noted my thoughts and behavior. Mind is certainly a computer program which is known since long time. Intelligence machines and Artificial neural network fields are introduced based on the inspiration from working principle of brain.
I am always surprised to see that what ever we invent or create , it has some link or relation to the nature. Someone might think that what a big deal in this sentence. Its well known truth that everything is driven and conceived through nature. My point is that what we think and do or create or invent is already exists in this universe. We are researching those things and using it for our benefit. Ultimately, we are in a process of developing a human being which exists on this earth.

Thursday, April 8, 2010

The FREE store!

Yes! Thats true , its a free store. I was a bit apprehensive about it. I moved to university student family housing two weeks back. What I found out first is the information about the free store. When I came here that was the free store day. Student community development center has taken this initiative to open this store.
The FreeStore is our very own reuse initiative. Tenant's drop-off items that are gently-used or pre-loved, donations are then sorted by Community Development and put on display in the FreeStore and lastly, when open, tenants come and pick out what they would like for free. All tenants are welcome to shop and/or donate.

Sunday, April 4, 2010

I started blogging!

I use to read blogs and think that how people get time to write a blog. Keep updates on there web-sites. Now, I have started writing my own blog. I am little bit free ( completely- that means doing nothing). I will keep writing my experiences.