WHAT IS BITCOIN?

Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
It is also known as digital cash, cryptocurrency, an international payment network, the internet of money – but whatever you call it, Bitcoin is a revolution that is changing the way everyone sees and uses money.
WHO CREATED BITCOIN?
The original Bitcoin code was designed by Satoshi Nakamoto under MIT open source credentials. In 2008 Nakamoto outlined the idea behind Bitcoin in his White Paper, which scientifically described how the cryptocurrency would function.
Bitcoin is the first successful digital currency designed with trust in cryptography over central authorities. Satoshi left the Bitcoin code in the hands of developers and the community in 2010. Thus far hundreds of developers have added to the core code throughout the years.
WHAT IS THE BLOCKCHAIN?
The blockchain is simply a vast, distributed public ledger of account. It keeps track of every transaction ever made in the network, and all transactions are timestamped and verified by network miners.
This is how it works: miners with specialized computers compete to solve mathematical puzzles with other computers, and once they solve a puzzle they are awarded some Bitcoin, but they also add a “block” of completed transactions to the blockchain for future viewing and verifiability.
Once a block is added to the chain the cycle repeats itself, and the computers continue to compete to solve these difficult problems. Every transaction on the blockchain is completely transparent and accounted for in its log. Anyone can see the public keys of any transaction they want (although there are no names associated with transactions).
One could go all the way back and view the very first transactions ever made on the first block ever created. This block was unironically called the Genesis Block. 
WHAT IS BITCOIN MINING?

One of the most common analogies that people use for Bitcoin is that it’s like mining gold. Just like the precious metal, there is only a limited amount (there will only ever be 21 million Bitcoins) and the more that you take out, the more difficult and resource intensive it is to find.
Apart from that, Bitcoin actually works quite differently and it’s actually quite genius once you can get your head around it.
Bitcoin mining serves to both add transactions to the blockchain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the blockchain and claim the rewards.
The first participant who solves the puzzle gets to place the next block on the blockchain and claim the rewards. The rewards incentivize mining and include both the transaction fees (paid to the miner in the form of Bitcoin) as well as the newly released Bitcoin.
IS IT PROFITABLE TO MINE BITCOIN?
There are many calculators on the web that shows you exactly what the ROI is on any given hash rate when you take into account cost of electricity. Based on how much you spend on your computer hardware or cloud contract and what your electricity cost is, the payback for profitability might be 9-12 months out. So why do miners continue to mine?
Because the calculators only take into account what Bitcoins are worth today. At the time of writing, each Bitcoin is worth $4,000. But if Bitcoin’s value rises to $10,000 by next year, then the ROI on your mining significantly dropped to maybe a few months. And if Bitcoin’s value rises to $100,000 in 3 years, then your ROI would drop to mins. And whatever Bitcoins you’ve mined would be worth 25x more.
Remember Bitcoin has a finite number and as we approach the 21st million Bitcoin, the value will significantly rise.
 IS IT TOO LATE TO INVEST IN BITCOIN?
Anyone who’ve heard about Bitcoin probably has heard stories about early adopters becoming millionaires. Bitcoin’s value has gone from a few cents to $4,000 dollars within a few years and insane amounts of wealth have been generated for those lucky enough who got in early. But those who are reading this are probably wondering if it’s still possible to get rich from Bitcoin today.
 Currently 1 bitcoin will costs you around $7700.{Rs-5,00,000} Its better to start earning bitcoins from today as because its rate is increasing day by day.1 btc = 100,000,000 satoshis.
 At start 1Bitcoin= 9 INR (Rs) only
 last September 1Bitocoin = 70,000 INR (1088$)
 this October 1Bitocoin = 3,70,000 INR (5266$)and Today 11/16/17) 
1 Bitcoin = 486074.14 INR (7464$)(Experts predicted that it will reach 10,000$ in next 1 to 2 years.) Note:Google it 1 BTC to INR or USD it will change 24/7.
Is it too late to invest in bitcoin?
Take a look at Is It Too Late To Invest In Bitcoin to find out here..https://cryptosrus.com/is-it-too-late-to-invest-in-bitcoin/
WHY ARE THERE WILD FLUCTUATIONS WITH BITCOIN PRICES?
Since people now have access to Bitcoin anywhere in the world, whenever there is any news about inflation, currency devaluations, war, trade issues, etc… people usually bulk up on Bitcoin from that country or region. And whenever there is news about Bitcoin exchanges being hacked or halting withdraws, influential people calling Bitcoin fraud or bubble, Bitcoin dips based on fear.

Since the total market cap in Bitcoin is still relatively small (Around $70 billion), these buying sprees and selling sprees can result in these wild fluctuations. But as the market cap increases, these fluctuations become smaller and smaller.
There are many ways to get rich, here are some of the best ones I have found:

Investing in money generating assets
Instead of investing your money in things like a car, a house or material goods, make your money work for you.
This is ultimately the way most rich people spend their money.
For further reading: Rich Dad Poor Dad - by Robert Kiyosaki & The 4-hour workweek - by Timothy Ferris.
Bring more value to the table
For the same reasons as above, invest in your own improvement so you can offer more value which brings more money!
Books, courses, coaching, training, seminars, can all be a great source of improvement!
Learn to sell
If you can sell you can sell anything at any price… or so the theory. In reality you will be able to sell more for a higher price and will be offered jobs left and right!
Build valuable relationships
The idea that you become the average of your 5 closest friends holds true and can be of great value.
Always build relationships with people on a higher level than you. Just know that you will have to give them some value in return, but there are always ways!
How to win friends & influence people - by Dale Carnegie is a great read to improve your ability in this!
Solve problems
Find a problem that needs solving. Look in areas you know of, such as hobbies of yours, courses you took, or generally what you would invest money in.
Then find a way to solve that problem by learning about it and becoming an expert yourself. This gives you experience in the field, stories to share, and allows you to tackle the problems directly!
Become an expert in everything finances
Most people don’t learn about money because they do not have any and it scares them every time they look in their bank account. Money should excite you not scare you!
Learn everything you can about it from how to invest to what you are paying and why you are paying for it. Control your money instead of letting it control you!
Get lucky
Find someone rich to marry or invest in you and just get a lucky break. This does happen, and if you rely on this you will have no responsibility to work for your money.
On the bad end of the stick, this is very unlikely to happen, you will live a life hoping to find someone rich and make them love you for money, which will ultimately result in you being pretty miserable and fake.

Stop being less than you can be and reach your goals. Send me a message saying "Coaching" to work 1 to 1 with me. Lukas Schwekendiek

A Common man can do to improve the economy of India


1.      Don't buy gold
27% of our imports consist of Gold. People buy gold and keep them in their lockers. Keep your money in circulation because 1 rupee spent by you today is creating a value of 10 rupees somewhere else. 

 2.      Pay taxes
If not anything else, PAY YOUR TAXES! Not just Tax Evasion(illegal), even Tax Avoidance(legal) should be avoided.

 3.      Ask for bills
Make others follow point number 2. General tip: When you eat out and are getting charged Sales Tax & VAT, check if the TIN Number and Sales Tax number is present on the bill. You can also verify if the taxes you are paying on the bill are going to the right people by entering. 

 4.      Use less electricity/ Install Solar panels
We do not have ample supply of electricity in India. Less usage by you makes more electricity available for farmers and industries

 5.      Walk/cycle whenever you can 
66% of our imports are for Oil. We cannot produce more oil. All we can do is use less. Less import reduces the Current Account Deficit (CAD) which improves India’s credit ratings. Better credits ratings are essential to attract foreign investment.

 6.      Do not indulge in corrupt practices 
The root cause of all evil. Corruption leads to bureaucratic delay and inefficiency which affects growth directly, such as through misallocation of investments in the economy. C. K. Prahalad estimates the lost opportunity caused by corruption, in terms of investment, growth and jobs for India is over US$50 billion a year.

 7.      Teach under-privileged children
By 2021, 64% of population of our country will be in the age group of 15-59 years, which is the usual working age. They will be able to contribute to the society and to the economy, only if they are educated.

 8.      Start a company. Create jobs!
As mentioned above, 64% of our population will be in the working age by 2021. Even if they are educated, it will only increase the burden on our economy if they don’t have jobs. 

 9.      Think before you breed
For India, population explosion is actually a curse and is damaging the economy more than it is helping. If possible, adopt children.

 10.  Don’t let anything(religion or society) oppress women
Women are constantly being met by demands from society telling them how to look and how to act. This pressure does not let them unlock their full potential.  Let women work whenever/wherever they want and pay them equally to men.

 11.  Promote Indian tourism
India is a beautiful place to travel. Himalayas are much more stunning than the Alps. Andaman beaches are as beautiful as those in Mauritius and Seychelles. Hawa Mahal is as magnificient as the the Colosseum. Eat Amritsari Kulche in Amritsar, Kosha Mangsho in Kolkata, Pesarattu in Vishakhapatnam, Bisi Bele Bath in Mysore, Pyaaz Kachori in Bikaner, Puttu in Kochi, Dahibada Aloodam in Bhubaneshwar, Pitha in Guwahati. There are a lot more things this country can offer than you can ever imagine.

 12.  Use your right to vote and use it wisely
Every single vote is important. Instead of sulking about the fact that the elected leaders are good for nothing, vote for people who can make a difference. And this time, cast your vote, don’t vote your caste. Elect a leader who is honest, compassionate, bold and secular. 

 13.  Buy and promote locally manufactured goods
I am not saying follow the principles of Swadeshi but whenever possible, prefer local goods to the imported goods or goods manufactured by foreign companies. Any conversion of rupee to other currencies depreciates the value of INR.

      Some best things do after buying a domain name


        Buying your domain starts the path towards establishing your presence online. It should be the very first thing you do as your company name should be tied to it. Once you’ve bought your domain, then what?
It all depends on what you hope to accomplish with the domain. Using it to start a new business will take more steps vs. using it for mere lead generation or SEO.

11 things to do after buying a domain name

1. Secure matching social media names/URLs

Social media’s importance means availability of social media names may affect which domain you’ll want to get. Once you’ve decided on the domain, you’ll want to create your social media accounts immediately. Not having the matching social media names can cause lots of confusion and lose valuable connections.

2. Create an LLC or corporation for your business

If your domain is part of starting a new business, you’ll need to start the business too. While you can operate as a sole proprietor or partnership, LLCs and corporations offer more security and other perks. LLCs have been popular for many online-focused companies due to their low cost and liability protection.

3. Trademark your business name

If you are concerned over protecting your newly-formed brand, register a trademark for it. Trademarks offer protection against damaging infringement by allowing mark holders to take legal action, which can result in winning compensation or infringing properties such as an infringing domain name.

4. Get web hosting and set your domain up on it

In order to actually get a website up, you’ll need web space to put it on. Web hosting comes in a variety of offerings, from low-cost virtual hosting to dedicated servers to the newly popular cloud hosting. Once your hosting is purchased, change your domain’s nameservers to your hosting company’s specified nameservers.

5. Create email addresses on your hosting or Google Apps

Owning a domain allows you to have your own email address not tied to an ISP or webmail service. You can set this up at your hosting service or through a service like Google Apps. You can also set up forwarding accounts at your host to forward to your existing email address.

6. Get business-dedicated phone/fax numbers

Your business is its own entity – even if running your business out of your home, it should have its own phone/fax number. You can forward them to home phone lines or your cell phone. Consider getting a toll-free number as well – you save clients/customers call charges and it helps your business look more serious.

7. Get a PO Box

For a home business, a PO Box helps you keep business mail separate from personal mail. It keeps your address off of places where you might list a business address, like on business cards and your website.

8. Design and develop your website

Now it’s time to actually build that web presence through designing and developing your website. The website might just be a means for people to find and reach your business. You might offer your products/services on it and accept payments. If using the domain for lead generation or SEO, you might simply have some articles and a lead form form or a link to your site.
If doing it on your own, consider using a platform like WordPress to leverage what other designers and developers have done. Many businesses choose to outsource to professionals who can create a custom higher quality website. It’s important either way to put up a nice quality website geared towards your targeted customer/client base.

9. SEO your website

With your website now live, you can start with SEO measures like such as link building. You can get a steady source of free targeted traffic if done right. Many sites with powerful search engine rankings don’t need any other marketing or advertising.

10. Market/advertise your website

SEO is only one of many ways to get people to your site. Social media is crucial these days as most people spend a lot of time daily on social media sites. You can also market your site through PPC or CPA ads, affiliates, buying leads, generating your own leads and many other online and offline methods.

11. Order business cards

Even if you’re a predominantly online business, get business cards. They are a must if you go to trade shows to network or find clients/customers or simply network through local events or groups. You never know what new opportunities may come through people you meet in person.
Bottom line – you’ll have a lot more to do to starting your new venture after getting the domain. Don’t miss an important step that might have you backtracking or regretting it later!

                  How  to start a startup legally?

Algorithm for starting a Private Limited Company: Engineer's View
Personally I believe, If someone is starting a company with long term perspective or to bring some change through their unique Product/Services, one must go for Private limited firm. Prime reason for this is easy to raise funds from Angels/VC in case you go for investment.
Step 1. Registration of Company
  1. Name Selection: Check whether your desired company name is available or not atMCA website. Name must be unique & must resemble with business you intend to do (highlighted one). EX: Arihant Labs Retail Services Pvt. Ltd
  2. Registration of Name at ROC: Name approval usually takes maximum of 14 days. This is done online through MCA website. Moreover, you need to apply with at least 4 names for approval with a writeup about significance of names with main business of the company.
    1. Documents Required:
      1. Options for names for the proposed Company (on the basis of preference)
      2. Amount of Share Capital; proposed shareholding ratio
      3. A paragraph on the proposed major line of business of the company (main objects)
      4. City of Registered Office.
      5. Copy of ownership deed/sale deed(if property is owned)
      6. Copy of rent agreement with NOC (if property is rented)
      7. Copy of latest electricity bill/telephone bill/mobile bill for both directors
      8. Copy of latest electric bill/telephone bill for the registered office proof.
  3. Obtaining DIN & DSC:
    1. Documents Required
      1. PAN Card copies for directors and shareholders.
      2. Voter ID/Passport/Driving License for directors and shareholders.
      3. Occupation of the Directors for directors and shareholders.
      4. E-Mail IDs of all directors and shareholders.
      5. Phone Numbers for all directors and shareholders.
      6. Photos for directors and shareholders
  4. Company Incorporation: After above mentioned formalities have been completed, we need to file following forms/docs in Rs 100 stamp paper:
    1. Affidavits for non- acceptance
    2. INC 9, INC 10
    3. DIR 2
    4. NOC : This is required to be filed by the owner of the property on which your company will be situated.
    5. Subscriber Sheets of MOA & AOA
    6. Documents required for filling MOA & AOA
      1. Must be filled on OWN handwriting
      2. Passport size photos
      3. Sheets needs to be witnessed by CA/CS/Advocate
Step 2. Obtaining PAN/TAN: After company gets incorporated, you may apply for PAN/TAN.
Step 3. Trade Licence in case you are selling PRODUCTS: This is required in some places for carrying out sales. You can obtain this from local Municipality.
Step 4. VAT/CST registration for selling Products: For selling intra-state, you need VAT registration & for selling inter-state, you need to register for CST.
  1. Documents Required:
    1. Trade Licence
    2. Company Incorporation Certificate
    3. PAN card of company as well as of all the directors
    4. Proof of residence of Directors
    5. Proof of occupancy of place of business (Rent agreement/ ownership deed, Rent Bills etc)
    6. MOA & AOA of company
    7. Current Account in the name of company in any national bank
Step 5. Service tax registration for Service Industry: In India, you need to pay service tax of 14.5% on every services you have charged customer for.
  1. Documents Required:
    1. Company Incorporation Certificate
    2. PAN card of company as well as of all the directors
    3. Proof of residence of Directors
    4. Proof of occupancy of place of business (Rent agreement/ ownership deed, Rent Bills etc)
    5. MOA & AOA of company
    6. Current Account in the name of company in any national bank

Some ways to start a business?
Have an idea :
            Have a solid idea, an idea that hasn't been in existence before. Or perhaps something that exists now but is very lousily implemented.
 Make a plan :  
             Once you have an idea in place, break it down to smaller pieces. 
             Refine each piece and chalk out a working plan.

 Have a co-founder :
            Approach one of your closest buddies with the idea.
            Having a co - founder will be of immense support and also two brains is better than one.
 Execute : 
         Now this is the most vital process of all. Execution has to be near perfect and no room for error should be overlooked. 

                                                     Worth  of idea.                 Worth of Execution

 Very bad.                                          0.                                          -10
Bad.                                                    1.                                          -1
Moderate.                                         5.                                           1
Good.                                               10.                                           10
Very Good.                                      50.                                           100
Excellent.                                         1000.                                      10000

 And the total worth of your work would be : (worth of idea * worth of execution)
So be very thorough and good with execution. It will either make or break your idea.
Create a brand image :
           Make sure your company has a name that'd catch on. An appealing design. Print business cards and distribute those. Make people aware of your business. Also the best form of publicity is "the word of mouth". To do that make sure you provide top notch quality in the price range. 

 All the very best.
  1. What should everyone know about economics?
  2. Economics has two main streams - Microeconomics and Macroeconomics. Micro deals with customer behavior, incentives, pricing, margins, etc. Macro deals with broad economies and larger things such as interest rates, Gross Domestic Product (GDP) and other  stuff you see in the business column of a newspaper. Micro is more useful for the managers and macro is more used by investors. Except for points 2 & 3, I will cover macroeconomics in other points.
  3. Law of Supply & Demand: This is the founding block of economics. Whenever supply of something increases its price decreases and whenever supply decreases price increases. Thus, when you have excess production of corn, food prices decrease and vice versa. Think of this intuitively. You will find its applications in 1000s of places. 
  4. Marginal Utility: Whenever you have more of something its use for you diminishes. Thus, a $100 would be more valuable when you earn $1000/month than when you earn $1 million/month. This is widely used in setting up prices.
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  5. Gross Domestic Product (GDP): This is the fundamental measure of the size of an economy. This is conceptually equal to the sum of incomes of all people in the country or sum of the market value of all goods & services produced in that country. Right now US is the biggest economy in terms of GDP at around $14 trillion. That means, $14 trillion of value is produced in the US every year.
  6. Growth rate: The growth of an economy is commonly measured in terms of GDP growth rate. Since GDP is a measure of national income, this growth rate is a rough proxy for how an average person's income grows every year. 
  7. Inflation: You already know that the price of most products now are higher than in your grandfather's time. Inflation (measured in percent) is measure of how much a bunch of products have increased in price from last year. In mature economies, annual inflation is around 2% - that means on an average the prices of stuff goes up by 2% every year. The fundamental role of central banks is to manage this rate and keep it to a low positive number. Here are  the 100 year inflation numbers in the US.
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  8. Interest Rates: When you loan money to somebody, you expect something extra in return. This excess is called the interest. Interest rate is a positive number that measures how much excess you will get. There are bunch of rates here. In the short term, this rate is usually set by the Central Banks. Right now it is close to zero. In the long term, this is set by the market and is dependent on inflation and the long term prospects of the economy. The mechanisms in which the central banks control the short term rates is called monetary policy.
  9. Interest Rates vs. Inflation vs. growth: There exists almost an inverse relationship between interest rates & growth and interest rates also can affect inflation directly. Thus, when you increase interest rates inflation tend to come down, along with growth. One is good and other is bad. Thus, the constant tension on setting the interest rates. In the US, Federal Reserve sets the short term rates making it one of the most watched economic news.
  10. Fiscal Policy: Government can control the economy in a big way by adjusting its expenditure. The group of mechanisms using expenditure form the fiscal policy. When government spends more it can lead to more demand and that means more price increase. This means both high growth and high inflation. And it works in the reverse too. Thus, governments try to spend more during periods of low growth & low inflation and cut spending during periods of high growth & high inflation.
  11. Business cycle: Economies have their periods of booms and bust in cycles of approximately 7 years long. At the start of the cycle it is a boom, then it gets to the top, then there is a contraction leading to a recession (period of negative growth and/or increasing unemployment) and finally followed up with an expansion.
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Bonus:
1. Opportunity Cost: When you do an activity, you tend to equate how good the activity is when compared to the alternatives. For instance, when you are working hard a Friday night on a project, you might be thinking "man, I should be doing something else." The alternative (in this case, partying with friends) has a high value, and thus your present project better be attractive. This value of the alternative is termed as an "opportunity cost" - value of what you give up. Thus, if you quit a $120K/year paying job to do a startup, your opportunity cost of doing startup is $120K/year. Your payoff should be higher than what you give up. 

2. Comparative Advantage:  You are running your tech startup and one day a client asks you whether you can build a website for them. Should you offer to build the website for them, or should you pass up the opportunity to a friend? How do you decide? A rational person might calculate how much time they will take to build the website, and whether they can use that time to earn more building their current startup product. Then, he/she might calculate whether the friend might be able to build the site more efficiently. 

If the friend can build it more efficiently and you have a lot in your plate, you will pass up the opportunity. This is called the theory of comparative advantage. Your friend has an advantage here and it makes no sense for you to take up that business. Nations, businesses and people should do only those things they are better at and leave the rest to others.