Samaksh

We cover this and one more interesting story in today’s edition of The Daily Brief. Read on Substack, watch on YouTube, or listen on Spotify, Apple Podcasts, or wherever you get your podcasts; just search for “The Daily Brief by Zerodha.”

Why don’t they just tokenize the oil in the Middle East and transport it across permissionless financial rails, thereby avoiding the Strait of Hormuz altogether

xAI’s Colossus 2: The World’s First Gigawatt-Scale Datacenter

I know a teen who likes to order-in and eat Pizzas, Burgers, Chinese noodles, and Kathi rolls. They are also very fussy about their food and always have a complaint. I noticed they always called and complained to their Dominos and McD, but they never complained to the Chinese takeaway or the hole-in-the-wall Kathi roll shop. So I asked them casually if the Chinese and Indian food were always good? They said, "No, they are the worst. Last time I even found hair in my food. But they do not even pick up the phone. They are so rude! Once they picked up the phone and hung-up on me after I complained." And what went wrong with your Dominos delivery today? I asked. "Nothing much uncle, they are good but the Cheese seemed less this time. So I told them that and the store manager called back just now, she has given me a voucher for the next delivery." That's when I realized something. What I now call the "CATCH-22" of providing good service - "Courteous Assistance Triggers Complaints and Harassment." And this CATCH-22 is the situation our Modi govt is facing. They build amazing highways, change the face of airways, revolutionize mobile & internet, transform payments, start a manufacturing boom, keep inflation lower than the decade before in-spite of wars and covid, end income taxes for 90% of Indians, assist even non-tax paying NRIs in need putting our officials and ministers at risk. Yet, what do they get? Constant complaints, criticism, and harassment over everything. Why? Because they are like the Dominos and McDs facing CATCH-22. Only when you care, provide good service, and take your customers or, in this case, citizens seriously, you will get too many complaints and criticism. When you behave like the Chinese take-away or the hole-in-the-wall Indian, providing worst service, and not caring about any grievance, the public will just shut up and accept it as normal taking the crap you give. This is how Indians were treated in the decades before and India was kept underdeveloped which people had no complaints about. Even if they had any, nobody cared. Perhaps, that's what we still deserve. Because, right now, what I see is just entitlement and arrogance even in complaints and criticism. Not an iota of gratitude for what the govt has done to help for a situation they put themselves into here:

$RIVN price at a significant 2-year resistance trend line, at the neck of an iH&S, and at the bottom of a thick weekly cloud. Will it break through?

Looks like a lot of people are long $DOGE

Go back 30 years.... when US equities are collapsing.. there is a rush to buy "safe haven" US bonds but....US bonds are getting hammered (yields rising) .... Every previous cycle going back this century... falling US equity markets have led to Bid for US dollar and US treasuries ...have led to Emerging markets supporting their own currencies by selling USD dollar and sucking out local currency liquidity.. which has led to even Emerging market having to sacrifice growth along with US. cherry on the cake.... RBI just went ahead and cut the rates in the biggest financial market turmoil we have seen..... I dare to say... thing time is different.

I think disagreement is the engine of change. Good ideas win or lose on their merits. It might be short-form memes or long-form articles and books. But you need to be able to win your arguments that way. Force is the *last* resort, usually in defense from irrationality. But.🧵

12 hr from the worst hack in history. ALL withdraws have been processed. Our withdraw system is now fully back to normal pace, you can withdraw any amount and experience no delays. Thanks for your patience and we are sorry that this has happened. Bybit will come out with full incident report as well as security measurement in the next few days. I will also personally keep you all posted on any new updates. Thanks to all the clients, friends and partners who have helped and supported us during this excruciation 12 hrs. The real work has just now started.