India heading for huge inflation

Indian government will create currency, about ₹9 lakh crore, out of thin air. This is about US$ 139 billion. It will be used to make the banks solvent and build roads.
India's M3 money supply is about ₹8.3 lakh crore. So Indian government is more than doubling the money supply. So during the next couple of years we will see a huge inflation. Specifically:

• Real estate will go up
• Stocks will go up
• Gold and silver will go up
• Anyone with wealth in bonds, fixed deposits, PPF, etc will effective lose wealth.

Bitcoin can be hacked!

Yes, Bitcoin can be hacked. I will give a technical explanation below, regarding how it can be done. The total cost involved in less than US$ one million. Any government or company can spend this amount to break Bitcoin.

The hacking entity will need about 50 computers say C01, C02 to C50. Each computer will initially have about 1 Bitcoin. Now, C01 will transfer one millionth of Bitcoin to C02 continuously; C02 will transfer one millionth of Bitcoin to C03; C03 to C04. Lastly, C50 will transfer one millionth of Bitcoin to C01. Now we have a cycle. A large number of transactions will need to be written on block chain i.e. distributed ledger. These transactions will have to be recorded by all computers running Bitcoin software. This will cause the Bitcoin block chain to become very slow. For all practical purposes, now Bitcoin transactions cannot be used.

You can confirm from any block chain expert, that the above method will succeed. Bitcoin and other distributed crypto-currencies cannot fix this flaw, because this flaw lies in the basic algorithm of a distributed block chain.

Disclosure: I am a technical person and have no investment in any crypto-currency.