Republic Day: The Lawyers who helped draft the Constitution of India

Our Constitution was handwritten by Shri. Prem Behari Raizada who took 6 months and used 254 various nibs to write the Constitution. (Image Source - Prem Foundation)
Our original constitution copy was then sent to Survey of India office where these handwritten copies were copied and distributed to its members. Even now, very few copies are freely available in the market.
Constitution of India is not only a beautiful document but a beautifully presented document too. Illustrations include Mohenjodaro period to Vedic and Epic periods to that of Maurya and Gupta Empire.

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.