Comments by "Raju" (@rajx7120) on "Off The Cuff, Gita Gopinath, Chief Economist Int. Monitory Fund in conversation with Shekhar Gupta" video.

I think Smart Contracts are a valuable application of blockchain technology, on which crypto is based. It can actually help farm marketing. Eg: when you pay for food at local market, then smart contract can execute automatically, to make sure, a pre-agreed percentage of every payment, gets transferred to the farmer, the truck driver and the market owner. That way market linkage would become efficient.
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Fiscal deficit is unavoidable. We have huge social welfare programs, that need to be funded somehow. What we need is cut wastage like the one happening in farm procurement, and implement reforms. And thankfully, Modi government has done reforms in last 1.5 years.
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@nandi7772 Yes, Bitcoin should not be currency. But that is just one application of blockchain. Instead, a central bank digital currency, or crypto rupee, would be beneficial. Because it would be just a digital version of paper rupee, but you don't need a bank account for transaction. It would be like digital cash, but more secure, counterfeit proof, and cheaper to introduce than paper cash, because no printing and transportation is required. But there would be cost in setting up blockchain infrastructure.
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@anshul9462 Typo *unavoidable corrected
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@ritwiz They are actually listening to her. A lot of reform measures done by Modi, are supported by IMF, and these measures don't make news.
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