Deepak Redd

Building @officialmudrex (YC W19)

[jasmine @jasminecoded_]

It actually always has been

[Edul Patel 🍊 | duldul.eth @Dul_dul]

Most of you know me as one of the founders of Mudrex. But here’s something not a lot of people know.

We’ve also been quietly building a cross-border payments company on the side.

And now it’s time to talk about it 🧵

@Sabermoney

[Brian Armstrong @brian_armstrong]

This is us reinventing how the financial system works today

[Trung Phan @TrungTPhan]

Jony Ive tells Patrick Collison about the first time he saw a Mac (and why it convinced him he had to meet Steve Jobs and Apple team):

“I remember discovering the Mac [in the late-1980s]…what I realized was that what we make stands testament to who we are and what we make describes our values. It describes our preoccupations.

This struck me so powerfully when I saw the Mac. I got a very clear sense of a group of clearly original thinkers with clear values. 

You know, you can look at something and it can either tell you ‘I was designed to meet a price point at a certain time, so I hit the schedule’…or you can try and design something that genuinely attempts to move the species on. […]

I really do believe — and I wish that I had empirical evidence — but I do believe that we have this ability to sense care. [It's easy to sense care in a service] because you confront the person. It's vicarious when it's via an object. When it's via hardware or a piece of software, it's more complex.

But I think you might understand it more if I said you can sense carelessness. You know carelessness and so I think it's reasonable to believe that you also know care and you sense care.”

***

The clips is cut from two parts of this 1-hour long chat (it’s fantastic): https://t.co/9dj9hE6P7r

[Alankar Saxena @alankar_saxena]

Earlier this January, we temporarily paused crypto withdrawals on @officialmudrex to enhance compliance and safety standards. Today, I’m happy to announce that crypto withdrawals are back live for all users, as promised. Huge thanks to our compliance and engineering teams for making this happen!

We deeply appreciate your patience and trust during this critical upgrade. Rest assured, every step we take is focused on delivering a seamless and compliant experience for all Mudrex users. Thank you for supporting us!

Over the past weeks, our team has tirelessly automated systems for seamless verifications to prevent bad actors. These efforts ensure crypto withdrawals meet the highest compliance standards for all users.

Crypto withdrawals are now live for all users completing the Enhanced Due Diligence process, enabling seamless self-custody. We believe in giving investors the freedom to access their funds anytime and we will ensure to keep it up and running.

Mudrex proudly remains the only platform enabling crypto withdrawals since day one. Thank you for being part of our journey!

More details on comment below.

[Alankar Saxena @alankar_saxena]

We have temporarily paused crypto withdrawals on @officialmudrex, not permanently. This step is part of our effort to upgrade the compliance suite to avoid bad actors. Our priority is to serve our investors in the best and most compliant way possible. We will be able to complete the compliance upgrade by January 28th and will resume crypto withdrawals after.

Mudrex has always allowed crypto deposits and withdrawals, even when many platforms in India avoided it due to the challenges involved. We believe in giving investors the freedom to access their funds anytime and in any manner.

To be clear, INR withdrawals are not affected, and all funds are completely safe.

There is a lot of misinformation being spread. For any questions or concerns, our support team is available to assist you.

We believe in the core principles of crypto and are dedicated to working with the community to push the crypto tech revolution forward.

[Deepak Redd @deepakreddn]

@officialmudrex $0.08

[Jacob Eagles @iamjacobeagles]

This is Elon Musk.

CEO of Tesla and Space X with a Networth of $247B.

Behind his massive success there is a shocking principle nobody talks about.

Here are 5 key takeaways:
(No. 4 is fascinating)

[Deepak Redd @deepakreddn]

@officialmudrex Please list TON

[Alankar Saxena @alankar_saxena]

Mudrex Launches India’s Largest Bitcoin Airdrop Worth Rs. 10 Crore Ahead of Independence Day 🇮🇳📢

Bitcoin offers individuals secure, transparent, and borderless financial transactions, epitomizing independence in the digital age.

At @officialmudrex, we believe in the strength of community. This airdrop is our way of expressing gratitude for your role in India's crypto ecosystem. Your support and trust drive our mission to make crypto investing accessible and rewarding for everyone. 🚀

All eligibility details can be found in the comments section below 👇

#MudrexAirdrop #Independence #Bitcoin

[Edul Patel 🍊 | duldul.eth @Dul_dul]

Mudrex Launches India’s Largest Bitcoin Airdrop Worth Rs. 10 Crore Ahead of Independence Day 🇮🇳📢

Bitcoin empowers individuals with secure, transparent, and borderless financial transactions. This embodies the very essence of independence in the digital age.

At @officialmudrex , we believe in the power of community, this airdrop is our way of saying thank you for being a part of the crypto ecosystem in India. Your support and trust have been the driving force behind our mission to make crypto investing accessible and rewarding for all.

All eligibility details can be found in the comments section below. 🚀

#MudrexAirdrop #Independence #Bitcoin

[Edul Patel 🍊 | duldul.eth @Dul_dul]

The German Govt has Sold Approx 27,000 Bitcoins Since June

I believe that the German Government should have held #Bitcoin instead of selling them. Why?

The involvement of the German and US governments in the Bitcoin market is not a recent development. Over the years, these governments have amassed Bitcoin primarily through criminal seizures and other legal actions, gradually increasing their influence over the market.

Let’s go back in time to understand more ⏮️

• During 1923, in order to pay the striking workers the government simply printed more money. This flood of money led to hyperinflation as more money printing led to prices rising.

• In 1931, Germany faced another major currency crisis, pivotal to the Great Depression, forcing central banks and governments to choose between domestic stability and the gold standard. This crisis affected both the domestic and international arenas, impacting currency, banking, and political systems.

• In 1974-75, Herstatt Bank's collapse in Germany caused a severe crisis in the foreign exchange market, nearly collapsing other institutions and highlighting systemic risks in international banking.

• The German economy faced a recession in 2023 with a 0.2% GDP decline but has slightly recovered however it is still above the long-term average. The inflation also soared after the Russia and Ukraine war.

Now, let’s talk about Bitcoin and how it came into existence

In 2008, during the US financial crisis, Bitcoin was introduced to address the limitations of the traditional banking systems. Bitcoin offers a decentralized, transparent, and secure currency via blockchain technology, enabling peer-to-peer transactions without intermediaries and transforming digital finance.

Like we know about the concept ‘The Impossible Trinity, or the Trilemma’, which refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital across its borders all at the same time.

When applied to Bitcoin, it offers an alternative to traditional currencies. It operates independently of central authority and facilitates global capital movement on a decentralized network. However, its value fluctuates freely, differing from fixed exchange rates, posing both strengths and challenges depending on circumstances.

In such a case, the German Government sailing through inflation and recession should have held the seized Bitcoin for its limited supply and store of value like gold. Most governments should consider holding Bitcoin in their reserves to diversify and maintain the value of their assets. With this, governments can hedge against currency devaluation, ensuring more stable and robust financial reserves.

#digitalasset #storeofvalue #cryptocurrencies

[Jack Moses @jackmoses777]

Your ability to build your dream body, build a 10k-a-month business, and accomplish anything meaningful in life is dependent on your ability to control your dopamine.

Those who understand how to self-regulate have a huge advantage.

Here’s how:

[Mudrex @officialmudrex]

🚀🏆 Proud moment! Mudrex wins 'Most Trusted Crypto Investment Platform' at Web 3.0 Conclave by @BWBusinessworld ! Thanks to our amazing team and users worldwide.
Grateful for the '#Web 3 Entrepreneur of the Year' honor for our CEO, @Dul_dul 🎖️ Your trust drives us!

[Flippening @HelloFlippening]

From Bull to Bear, we rode the waves together.

Today, as we celebrate 💯 editions of The Flippening, we look back at our shared journey with immense gratitude. 🎉

Walk down memory lane with us. Here's our story! 🎬
#declutterWeb3

[LottieFiles @LottieFiles]

Introducing @Figma to Lottie – an integration that transforms your Figma prototypes into stunning, production-ready animations. 🚀

Export your Figma designs as Lottie animations, and use them across your websites or apps.

Live on @ProductHunt: https://t.co/geEqMNCFpy

[Arunava Basak @arunavabasak10]

What if?

[Deepak Redd @deepakreddn]

@arunavabasak10 totally rad 😲

[Flippening @HelloFlippening]

ICYMI: In case you missed it, here's a recap of the major events leading up to now impacting the crypto market and the broader financial market.
Here's what happened:
1. Multiple banking troubles, closely linked to crypto
2. $USDC depeg
3. Amazon's NFT venture

[Harish N @harishsai21]

We have launched our app and website. Our first module in solving the 'asset allocation' problem in India.

Attention all Indian salaried class!

Increase your take home salary in 45 seconds!

Website : https://t.co/LYexM9dpzZ

App : https://t.co/MSLb4Ivva3

(1/n)