Quote from: amicrypto on August 03, 2019, 07:27:46 AM

It is good to know that posts (in the local board) will not be counted. But the question remains that why is a Hero member (who is supposed to be quite knowledgeable) asking such a stupid question?

So your point is I am stupid to ask questions? I don't get it. If you could stop harking for Kabit9 for one second and asked me politely then you would have received a polite answer. Now we're stuck saying fuck off to each other's faces for eternity. Or at least as long as we are on this forum.

Quote from: amicrypto on August 03, 2019, 07:27:46 AM

Either, he does not understand how the real world works or is blindly trying to bring cryptocurrency into everything that he reads about.

So I'll assume you and Kabit9/@TTT786 are separate people. And going by that I'll explain to you why but primarily because you are on topic.
If you have the mental maturity to read and understand then please read.

The whole point of your argument is that 'how dare I ask a stupid question?' The fact is, if VG Sid asked some stupid questions, he'd probably be alive. Why did he die? Because he was afraid of being labeled stupid just by asking a question.

Could crypto have saved him? The answer is no. But it would have bought him some time. If he had been one of the few lucky ones that invested in Bitcoins way back in 2010, he'd have enough personal wealth to carry on with his venture for a few more years. Probably even a decade.

A coffee house in South India might sound like a sane idea since it is the coffee hub of India, had CCD been branded as a corporate meetup place instead of a public place to grab snacks, it'd have done far better. Coffee and technocrats go hand in hand and had he tried to grab high-net-worth-individuals then they would have formed a reliable long term customer base to build their brand on.

And how better to advertise your brand's technological awareness other than to provide a visible connection between your brand and cryptocurrencies?
The whole outlook towards Bitcoins and crypto has been promoted in a negative way, I have done some digging up of past 7 years of media mentions of cryptocurrency and majority of them are completely negative. Why? Probably because of the word 'crypto" .. stoking a sense of connection with 'cryptography' .. ooh! secrecy! Get it?
If only a public brand was not only promoting crypto but had also adopted it to their central core functionality then CCD could have moved into newer tech-savvy markets like Singapore and could have not only survived but thrived!

Quote from: amicrypto on August 03, 2019, 07:27:46 AM

As far as the death of VGS is concerned it is quite sad and shocking to hear. But he was pursuing a business model that was going to crack. A few years back, I (and my friends) had planned to kick start a mobile gourmet coffee chain in India. After extensive research on the coffee market, we were not able to justify the unit economics involved in the coffee business. And this was sans the huge fixed cost that Cafe coffee day incurs. So, the business model was never going to sustain the way he expanded the entire network. Some outlets might have turned profitable but a majority of them were loss-making units and this was confirmed by their ground staff. He did this on money raised by debt and the backing of his family wealth. Also, he was involved in money laundering activities. The thing with raising PE funds and debt is that you come under a huge obligation to make a profit to these firms (the clauses are made such). He could not pay off the money and hence decided to end his life.

The entire story is very saddening and I hope that we have mental health and wellness introduced in our school curriculums at a very early stage. Our society is such that we only praise success and loath failure. It is the success at any cost mantra that leads to such events.

It is indeed sad and that's why I wanted to share it here. I had no idea that this subsection of the forum is fostering filth like Kabit9 and has become so toxic and egomaniacal that they cannot stand it when someone deletes their shitpost from a self-moderated thread.

A sad fact of our Indian society is that we can not behave like matured individuals. This is also a sin I am guilty of. Take the case of Kabit9 and I. Even though I have not abused him initially, he called me names, tried to hurt my livelihood by spreading BS about my clients / past work and has now childishly been trying to blackmail me by flashing my mother's name.

THAT is the India we live in. Happy independence day to you. Tag removed.