What happens to your cryptocurrency when you die??

A thread...

Did you know it’s illegal to log into a dead person’s crypto account?

So if you're a crypto investor and you died today, who reaps your fortune?

No one, technically, unless you name a beneficiary in your will. And it's a big deal as ~3.7M bitcoins, $140B is unrecoverable (excluding the 10k+ other cryptocurrencies) since the investor either lost their password or died intestate.

And you can’t just “reset” the password. This is because, when the cryptocurrency network confirms passwords to allow transactions, it does not see or know the password itself!

This complex algorithm keeps the system decentralized. So a lost password is lost money.

Some of the most unusual economic indicators you've probably never heard of-

A thread...

1. Men’s underwear Index: Accordingly to this index, a decline in men’s underwear sales indicates a poor overall state of economy, while an upswing in sales predicts an improving economy.

Hence, by tracking the sales of men's underwear, we might be able to detect the relative health of the economy.

2. The First Date Indicator:
When an economy bottoms out, people seek the comfort of relationships to overcome depression and loneliness. The indicator shows how there is an increased traffic on online dating sites during recession.

This was seen during the crisis of 2008, when US-based online dating service Match. com reported the highest surge in traffic in over seven years.

Everyone loves a good burger.

But what if we told you that the same burger moonlights as an economic tool?

A thread...

Well, back in 1986, The Economist introduced the “Big Mac Index” to evaluate the value of currencies across countries via McDonald’s ubiquitous Big Mac burger & this concept came to be known as Burgernomics.

So how does it work?

Suppose a Big Mac costs $5 in the US and 20 Yuan in China. The Big Mac exchange rate would then be 5:20 or 1:4.

However, if the actual exchange ratio was 1:5, investors might predict that the Yuan is cheaper/undervalued by 20%.

Hence, the burger based index is premised on the idea that burger prices around the world can help you judge whether a currency is too cheap or too dear.

Why just the Big Mac though?

Well, for starters, McDonald’s has a phenomenally wide reach in the world, and the survey itself includes ~120 countries

Moreover, the Big Mac is mostly produced to the same specifications around the world & hence, the costs of producing the burger should be relatively standard.

With the #ZomatoIPO around the corner, here's a look at some of its major acquisitions to date.

Also, if you're looking for honest, spam-free insurance advice, make sure you check out our newest endeavour-

Sugar #stocks have been rallying heavily over the past few weeks. And it seems like this has a whole lot to do with a chemical compound that's been all over the news lately.

We're talking about ethanol.

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👉Ethanol is a complex derivative that can be extracted while processing sugarcane. It can be extracted from sugarcane juice and even from the likes of corn, bamboo, & rotten potatoes.

💡But what is really unique about #Ethanol is- it has high levels of oxygen, it burns cleaner than your everyday fuels like petrol or diesel. And thankfully for us, India has consistently had a surplus sugar production.

However, the surplus sugar also had its downside in that it sometimes caused the prices to dip. This forced the govt to provide export subsidies to help the farmers & sugar cos.

👉But now the government hopes to kill three birds using one stone. They see an opportunity in using ethanol and to make cleaner fuel, reduce oil imports as well as help our sugar industry.