Tag: Money

illogical Indians !

1920x1080_smoking-photoshop-brain-smoke-hd-wallpaper

Indians by nature like to save Money.But, They don’t realise they aren’t saving much.For the past week I was observing customer’s  Behaviour at my Store and realised that people believe they would be saving money if they buy 4 eggs for rupee 24, Rather than buying 6 eggs for rupees 35.Why would you go shopping everyday to stock up your house? Wouldn’t you utilise that time for something better?

No,Here in this small town people believe its a nice time pass going shopping everyday.Stupid Logic.

Its not just with eggs. Cheese cubes pack of ten cost 105 (10.5 per cube) but people would still buy 5-6 loose portions costing (rupee 13 each ) that cost 65. 10 rupees more than what it would cost.

If this is with buying loose products

The other side of a  products available for about 5 rupees less in another store, A few  kilometre away.People will still go to the outlet,Forgetting that another 10-15 minutes would go in travelling,and are  they 100% sure,The product will be available at the location? But what If ,its not available?

They come back to buy the goods at the MRP(Maximum Retail price)

Why don’t people realise that they are wasting money and fuel for something that has now cost them more than it was.

Through my travelling,I have surely realised if you find something in a particular store and you want it,You must grab it.

That’s the same with Promos.

A company giving a promotional scheme,People still want only 1 piece and not the free.What’s that logic?

I mean,earlier people would cry why don’t you have any promotions?Today when we have a few on MNC’s product people want to pay 1/2 the price for the good instead of the whole price for two.

Even with looking at manufacturing dates, People find it old if its two months old and forget their are still 10 months left .

But you know why this anger’s me?

Because they are hogging on food in restaurants without realising how stale the food is.And are happy to get whatever they can have on their plates.

Yes, Indian’s are amazing.They want,What they want without paying a single rupee extra ,and  only what can fit in their storage and refrigerators.

Bitcoins!!!

the bitcoins

 

The concept was introduced in a 2008 paper by a pseudonymous   Developer   known only as “Satoshi Nakamoto”, who called it a Peer-to-peer  , electronic cash system and There are people who are very excited about the idea behind Bitcoin. As Bitcoins can be transferred through a computer   or Smartphone  without an intermediate financial institution. The processing of Bitcoin transaction   is secured by servers   called bitcoin miners.

These servers communicate over an internet-based network and confirm transactions by adding them to a ledger  which is updated and archived periodically using Peer-to-peer file sharing   technology. In addition to archiving transactions, each new ledger update creates some newly minted bitcoins. The number of new bitcoins created in each update is halved every 4 years until the year 2140 when this number will round down to zero. At that time no more bitcoins will be added into circulation and the total number of bit coins will have reached a maximum of 21 million bitcoins. To accommodate this limit, each bitcoin is subdivided down to eight decimal places; forming 100 million smaller units called satoshis.
The Bitcoin protocol for the bitcoin cryptocurrency is an open source cryptographic protocol that operates on a peer-to-peer network. It uses a chain or “blockchain” of transactions to achieve consensus and to solve the double-spending problem. …
This article is in 2 parts.The 2nd part would be updated shortly