What is the definition of technology? The dictionary definition of technology is:
1. Application of scientific knowledge for practical purposes, especially in industry (ie advances in computer technology)
2. Machines and equipment developed by applying scientific knowledge.
3. Branch of knowledge dealing with engineering or applied sciences.
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The misconception about using technology is that it encourages laziness, but in fact, the way we use technology determines whether or not we succeed. Technology does not drive someone to be innovative, but opportunities. Technology only enables the innovations that our opportunities have revealed, becoming a driver for improving our lives. Without movement or opportunity, technology becomes irrelevant. It is up to us to discover the relevance.
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There is a greater belief that using technology for children is a distraction and does more harm than good. Nowadays, the number of children who have access to the Internet is high at all times. Using this to our advantage can be very helpful in educating a child. There are more options than you can count on e-learning websites for computers and apps for devices that help your child develop. Children are more likely to stay focused while playing a game than listening to adults explain a lesson. Children with a small attention span can become more comprehensive when involved in an interactive lesson with bright colors and consistent encouragement.
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Technology can bring benefits to multiple barriers. Marketing is one example. Online marketing has jumped sharply from the development of tablets and mobile phones. Research has become simpler with handheld devices, and telephone directories or encyclopedias have become almost non-existent in our daily lives. Creating articles and hyperlinks that help promote business has become the number one way in the market due to the ease of typing the desired information into the search bar and pressing ‘search’. Another advantage of using technology is in the workplace. Using a computer instead of paper and pen can greatly reduce the amount of human error and save a lot of time and money on correcting errors. Human errors can be caused by stress, heavy workload or excessive responsibility. It also increases the means of communication, which means that a larger volume can be broadcast in a shorter period of time.
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Medical technology is another area that has further improved patient care. The time spent on medical records and diagrams is reduced, and the result is more time to care for patients. Doctors and nurses can easily access a patient’s medical history or medication history, which can lead to faster diagnoses or treatments.
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Did the world exist and remain functional before technology was invented? Absolutely. The problem is not that we cannot live without technology. The problem is that the improvements and advances in technology in the world far outweigh the shortcomings and difficulties it may have caused.
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Technology is not said to have become the most important tool during a child’s educational well-being, marketing strategy, engineering tactics, etc .; or even that technology is ‘needed’ to function in this century, but wouldn’t you say that the opportunity to achieve something bigger or more innovative is worth the risk?
Who will become rich in the information age?
As you know, we are good now and really in that
Information Age. It started about 10 years ago. In fact,
many economists say it began in 1989, with the fall
The Berlin Wall (and the beginning of the World Wide Web).
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Let’s figure out who will get rich in
The information age, we must first understand how
The information age is different from the industrial age (born
about 1860, died about 1989).
In fact, let’s get a full overview and get back to
agrarian age.
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In the agrarian age, society was basically divided
into two classes: landowners and people who
worked on the land (serfs). that you are a farmer
there was not much you could do about it:
ownership of the land was transferred through the family and you
you are stuck with the status in which you were born.
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When the industrial age came, everything changed:
it was no longer agriculture that produced the majority
wealth, but production. Suddenly, the land was gone
longer the key to wealth. Factory occupied far less
land than a sheep farm or a wheat farm.
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With the industrial age came a new kind of rich man
person: independent businessman. Wealth is no more
it depends on the ownership of the land and the family you were
born in. Business ability and factories were being created
a new class of rich people. But it is still needed
huge capital to build a factory and start a
work.
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Then came the World Wide Web (circa 1989) and
globalization. Suddenly, everything changed again.
Factories (or real estate) were no longer needed
run a business. Anyone who has a website can run a
work. Wealth barriers that existed in
The agrarian age and the industrial age were complete
left. People who could never even dream of owning
their own business made millions of them
kitchen table.
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Of course, the information revolution has not begun
1989.
It began in 1444 when Gutenberg invented the printing press
printing in Mainz, Germany.
But the printing house (newspapers, magazines,
paperback) belonged to the industrial age, not
Information Age.
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The printing press is a one-to-one technology. The
The Internet is a multi-to-many technology. And that was it
what changed in 1989
The industrial age referred to centralization and
control. The information age is about
decentralization and out of control. There is no government and no
the media mogul controls the internet. This is
a key thing to understand about the information age.
As we passed from the agrarian age through
The industrial age in the age of information, it was
the constant breaking down of the barriers that held one part
society rich, and the other part poor.
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In the information age, it can become literally anyone
rich.
So now that we have a clearer picture of how
The information age is different from the industrial age, come on
ask that question again: ‘Who will become rich in
information age? ‘:
(1) People who are self-taught
To explain this better, let’s go back to Agrar
Age and industrial age, and transmission
Skills.
In the agrarian age, skills were passed down from the father
son. If you want to learn to be a blacksmith
you must have been the son of a blacksmith. If you wanted
you learn to be a stonemason, you had to be a son a
stonemason.
With the advent of the industrial age, all this
changed. You could go to university and learn anything
skills you wanted. Knowledge was freely available.
But in the information age, skills transfer
is changing again.
Skills necessary for success in the information age
is not learned from our parents (as in
Agrarian age), nor are they taught in schools
and faculties (as in the industrial age). They are children
teaching their parents computer skills. And many of
entrepreneurs founding high-tech internet companies
I was never in college.
Millionaires (and billionaires) of tomorrow
they are unlikely to have a college education. Being
people who dropped out of high school, self-taught people.
(2) People with new ideas.
Again, people are the ones who are able to think from the outside
existing structures in which to enrich
information age. Often it is just a simple idea
which drives people to success in information
Age
Take, for example, Sabhir Bhati – the man who invented it
Hotmail. Bhatia was a computer engineer who worked at
Silicon Valley. He had no previous jobs
experience, anything.
But one day, while returning from work, a
a friend called him on his cell phone and said he did
had an idea: What about running a free, web-based
email service? Bhatia knew it was his idea
waiting. He told his friend to hang up immediately
and call him at home on the safe line.
Three years later he sold Hotmail to Microsoft for
$ 400 million.
(3) Writers
The third group that will get rich in
The information age is writers.
In the industrial age, writers depended on the great
publishing houses for publishing (remember that
the printing press is an industrial age technology – it is
centralized and controlled). And publishing houses
took the lion’s share of profits.
In the information age, writers are doing their thing
publishing – and retaining most of the profits
myself. Indeed, writers thrive on
Web – mostly through e-books and Ezine articles.
But even if you don’t write e-books or articles in Ezine,
if you own a website, you are a writer.
Why?
Because the internet is basically a written medium. That
favors writers, people who are able to communicate
effectively through the written word. Remember, it is
don’t sell graphics on your website, but
the words you use.
In the information age, we are all writers!
Bitcoin and binary options trading
Binary options have become increasingly popular in the last 2 years. This type of trading is desirable among new traders because they do not have to actually buy anything, they only predict whether the assets will move up or down within a certain time frame. These trades take place in short time frames (30 seconds, 1 min, 5 min), but can last for months. If the trader misjudges, he will obviously lose his money. If the trader was right in his prediction, he will receive a payout of 80-85%, depending on the broker.
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Binary options are sometimes referred to as ‘all or nothing options’, ‘digital options’ or ‘fixed return options’ (FROs), which are traded on the US stock market.
Bitcoin (BTC) is a digital currency that is created and held electronically and is not controlled by anyone. Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and released it as open source software in 2009. The system is peer-to-peer; users can make direct transactions without the need for an intermediary The transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.The ledger uses its own unit of account, also called bitcoin.The system operates without a central repository or a single administrator, prompting the U.S. Treasury Department to categorize it as a decentralized virtual currency .Bitcoin is often called the first cryptocurrency … ”
Bitcoin as a currency in binary options trading
Bitcoin is a widespread currency today and many trading platforms accept it as a way to pay their clients’ trading deposits. There are many benefits to using Bitcoin as a currency. The first advantage is “the fact that the cost of the transaction is the lowest among all forms of online payment. This is exactly why Bitcoin was created in the first place to reduce the cost of online transactions. pay on receipt or transfer of payment. ” Another reason why traders use Bitcoin as a currency is that Bitcoin itself can be traded and thus can earn extra Bitcoins.
“Since all trading transactions are marked in Bitcoin, the trader is able to protect himself from the fluctuation of this cryptocurrency, while at the same time earning more than that through profits earned in trading.”
Bitcoin as a commodity in binary options trading
With the recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms have begun to use Bitcoin as one of the currencies to trade. hence as property. Stock brokers see value in trading BTC against fixed currencies, mostly against the U.S. dollar.
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Today there are 2 main types of Bitcoin binary options platforms:
- First generation brokers – binary options platforms that enable Bitcoin trading
- Second generation brokers – platforms that offer both Bitcoin financing and Bitcoin trading
First generation brokers – brokers offering bitcoin trading:
- Coinut – a platform for exchanging only Bitcoin options; programmed as robust and distributed on the Linux operating system coinut.com
- BTClevels – Bitcoin platform for binary options trading; with or without registration, btclevels.com effortlessly
- 24 Options – one of the first brokers to start offering BTC as a property of 24option.com
Second generation brokers – brokers offering Bitcoin financing and trading:
- Traderush binary platform – accepts BTC deposits traderush.com
- Nadex trading platform – accepts BTC financing and allows BTC trading; offers limited risk, short-term trading, transparency and a fully regulated market nadex.com
- Satoshi Option trading platform – accepts BTC financing and allows BTC trading; does not require account registration or personal information. Payments are almost instantaneous, and the service is available from anywhere in the world satoshioption.com
- The BTCOracle platform – a Bitcoin-only platform – enables BTC financing and trading by offering several wallet options and full transparency btcoracle.com
- Bitstamp platform – As mentioned above, only BTC platform – allows trading and financing of BTC, but requires registration on bitstamp.net
- Bitcoin Wisdom – allows trading with 3 digital currencies, Bitcoins, Litecoins, Altcoins in relation to other fixed currencies and requires login to bitcoinwisdom.com
- Beast Option – enables BTC financing and trading of Bitcoins and Litecoins; guarantees fairness of prices regardless of market fluctuations beastoptions.com
When choosing a Bitcoin broker, it is important to check their terms and conditions, paying special attention to information on whether their Bitcoin assets are stored in “Deep Cold Storage”. This means that bitcoins are secured and stored offline, where they are not susceptible to hackers.
What is 192.168.1.254?
This is the Ipv4 address. IPv4 is the fourth revision of the Internet Protocol and the first revision of the protocol widely used. Due to the limited number of IP addresses in the IPv4 protocol, the private range was invented. Private bandwidth allows devices to assign IP addresses within a single network. It is worth noting here that these ranges are not rutable, ie. will not work outside the local network. It is possible to change the default IP address on your router to any other IP address from the private range that will better suit the rest of the network.
192.168.1.254, just like any other IP, uses many ADSL and cable modems or routers as the default IP. This is designed to circumvent the lack of IPv4 addresses. Manufacturers who use this IP address as the default IP address for their devices include:
– Internet gateways with Cayman / Motorola Netopia
– Thompson Speedtouch ADSL routers
– Westell ADSL modems
– Hawaii ADSL routers
– 3Com broadband routers
– A certain model of cheap Chinese TP-Link routers
– Alcatel ADSL modems
– SRW2023 Linksys switches
– ADSL billions of routers
192.168.1.254 does not work
It often happens that you find that your router or IP address does not respond for one reason or another. This can be due to a number of reasons, which you must look for when you have problems accessing the control interface with your default address 192.168.1.254. Try the items below first to resolve the issue before contacting your professional hardware technicians for assistance.
– Make sure you have entered the correct IP address in the browser, ie 192.168.1.254.
– Try resetting the router.
– Check that all power cords are damaged and check that they are properly connected to the outlet.
– Like power cords, your network cables should be in good condition and properly connected. Check for loose joints or damage.
– Make sure your computer is resetting or not.
– Check that the connectors on your UTP cables are not damaged. Damaged connectors will disconnect local connections.
– Check if the local connection on your computer is enabled or not.
– Check the firewall settings. Some firewall applications may block access to the default IP address.
– If you are on a network where one or more hubs or switches are installed, check all switches for damage. Any faulty switch could damage the entire network.
– In case you forgot the router password, try to get help from the manufacturer’s manual or contact your manufacturer.
– Try accessing the router from any other computer or notebook to see if the problem exists only with your computer or with all.
– If you are using a wireless device or router (Wi-Fi router), then make sure you are receiving enough signals.
If the problem still exists, it is better to seek help from your professional technician to solve the problem.
Renko Brick Forex Trading Strategy by Jide Ojo Review – Robust Mechanical System!
Most forex traders are familiar with candle charts. Candlestick cards were invented by Japanese rice merchants in the 16th century. Over the centuries, these maps have been perfected into an art form. But how about another Japanese invention, Renko maps?
Yes, Renko charts are another Japanese creation widely used in Forex trading, and many Forex traders may have never heard of these charts. These charts are based only on price, not time. On a regular candlestick chart or bar chart after a fixed time interval, you will find a new candlestick or ribbon, but not on the Renko chart.
Renko charts show a new brick only when the market is moving for a fixed increase. By the way, Renko is the Japanese word for brick. Now this brick can consist of any price increase like 1 pips, 5 pips, 10 pips or even more. However, it is always good to keep a small size brick. It may take a few minutes, it may take a few hours, or it may even take a few days for a new brick to form. However, these Renko charts are considered ideal for determining changes in micro sentiment in the market.
Renko Brick Forex Trading Strategy is a completely robust mechanical Forex trading strategy that can be easily mastered. Jide Ojo shows you how to master Renko charts and how to use this Renko Brick Forex trading strategy. It only takes a few minutes each day to check your store settings. This is a fully price-driven strategy that does not use any indicators. With this strategy you will become a FREE indicator. Jide Ojo will show you how to make Renko charts and from there will show you a simple forex strategy that will put you on the right side of the market most of the time.
It will only take you a few minutes to check the store settings. If you find a store setting with a high probability, set up pending orders and that’s it. You’re done. You can try Renko Brick Forex trading strategy Jide Ojo for FREE for 60 days on your demo account. Jide Ojo does not give you a 60-day money back guarantee. This is a simple renko trading strategy that you should first practice and master on your demo account. Once you start creating consistent winners on a demo account, test this strategy on a micro account for a week or two. After that, start trading live with it. Good luck!
What is the meaning of Blockchain?
Blockchain is a unique invention: the idea of a person or group of people known as Satoshi Nakamoto. But since then it has developed into something more significant, and the central question that everyone is asking is: What is Blockchain?
By allowing the distribution of digital data but not copying, blockchain technology has created the backbone of a new kind of internet. Originally designed for digital currency, the Bitcoin (Buy Bitcoin) community technology now finds other potential benefits of the technology.
Bitcoin is called “digital gold” and for good reason. So far, the total value of the currency is close to 9 billion US dollars. And blockchains can make other types of numeric values. Like the internet (or your car), you don’t have to know how a blocker uses it. However, a basic knowledge of this new technology shows why it is considered revolutionary.
Blockchain Durability and robustness
Blockchain technology is like the internet because it has integrated robustness. By storing identical information blocks in your network, the blockchain cannot:
1. There is no single point of failure.
2. To be under the control of any single entity.
Bitcoin was invented in 2008. Since then, the Bitcoin blockchain has been operating without significant disruption. (So far, all Bitcoin-related problems have been caused by hacking or mismanagement, in other words, these problems stem from malicious intent and human error, not from imperfections in basic concepts).
The internet itself is almost 30 years old. This is a record that is good for blockchain technology as it is still evolving.
Who will use the blockchain?
As a web infrastructure, you don’t have to know a chain of blocks to be useful in your life.
Currently, finance offers the most influential uses of technology. For example, international payments. The World Bank estimates that more than $ 430 billion in remittances were sent in 2015. And for now, there is a great demand for development engineers.
Blockchain potentially reduces intermediaries for this type of transaction. Personal computing has become more accessible to the general public with a graphical user interface (GUI) inventory that has shaped the desktop. Also, the most common GUIs designed for Blockchain are called this. Wallet applications that people use to buy things with Bitcoin and store them in other cryptocurrencies.
Online transactions are closely related to identity verification processes. It is easy to imagine that portability applications will change in the coming years and include other types of identity management.
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A step-by-step guide to investing in Bitcoin
Well, like almost every other thing in life – if not everything – you have to buy it before you can invest in it. Investing in Bitcoin can be very challenging, and that’s if you don’t have a step ahead of you.
First you need to know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, invented, designed and developed by Satoshi Nakamoto, and released in 2009.
And since then, updates as well as improvements have been made by a network of highly experienced developers, and the platform has been partially funded by the Bitcoin Foundation.
As bitcoin has become a hot topic of interest and many people are investing in it, there is no harm in acquiring a little digital wealth. It is interesting to note that back in 2012, Bitcoin companies managed to raise only $ 2.2 million.
Despite the fall in prices this year, cryptocurrency continues to grow both among customers and merchants who accept it as payment.
So how can you be part of the action? Investing in Bitcoin for the average Joe can be easy if he just buys something.
Shopping has become easy today, with many companies in the United States and widely involved in buying and selling.
For U.S. investors, the simplest solution is Coin Base, a company that sells BTC to people at a margin that is typically about 1% above the current market price.
If you want a traditional exchange, Bit Stamp may be a better option because you will be trading not only with the company, but also with the users.
The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to take over the other side of your business.
Fees start at 0.5% and go up to 0.2% if you have traded over $ 150,000 in the last 30 days. All of this is already in its own way, investment media, because the more you buy BTC, the more you will get if you decide to store or resell to other traditional customers at a higher price than the one you bought from the real company.
You can buy Bitcoin in other ways besides exchanging. One of the most popular routes for so offline is Local Bitcoins, which is a website that pairs you with potential buyers and sellers. When buying, coins are locked from the seller in the escrow, from where they can only be released to customers.
But buying bitcoin offline should be done with some extra precautions, which are always common, as you would when you meet a stranger. Meet in a public place during the day and take a friend if possible.
Bitcoin is currently the most popular thing online. Investors and venture capital companies are betting that it is there to stay. For the average Joe, there are many ways to invest and buy Bitcoin.
In the US, the most popular ways are Coin Base, Bit Stamp and Local Bitcoins. Each has its advantages and disadvantages, so research to find what works best for you.
Thinking of investing? Think the Bitcoin way
What is Bitcoin?
If you’re here, you’ve heard of Bitcoin. It has been one of the most frequent headlines in the last year – as a plan to get rich quick, end finances, give birth to a truly international currency, as the end of the world or as a technology that has improved the world. But what is Bitcoin?
In short, it could be said that Bitcoin is the first decentralized money system used for online transactions, but it will probably be useful to dig a little deeper.
We all know, in general, what ‘money’ is and what it is for. The most significant problem that has arisen in the use of money before Bitcoin is that it is centralized and controlled by one entity – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator under the pseudonym ‘Satoshi Nakamoto’ to bring about the decentralization of money globally. The idea is that currency can be traded across international lines without any difficulty and fees, checks and balances would be distributed around the world (not just on the books of private corporations or governments), and money would become more democratic and equally accessible to all.
How did Bitcoin come about?
The concept of Bitcoin, and cryptocurrencies in general, was launched in 2009 by Satoshi, an unknown researcher. The reason for his invention was to address the issue of centralization in the use of money that relied on banks and computers, an issue that many computer scientists were not happy with. Achieving decentralization has been unsuccessful since the late 1990s, so when Satoshi published a paper offering a solution in 2008, it was extremely welcome. Today, Bitcoin has become a well-known currency for Internet users and has led to thousands of ‘altcoins’ (non-bitcoin cryptocurrencies).
How is Bitcoin made?
Bitcoin is produced through a process called mining. Just as paper money is made by printing, and gold is mined from the ground, Bitcoin is created by a ‘miner’. Mining involves solving complex mathematical problems related to blocks using computers and adding them to the public book. When it started, a simple CPU (like the one in your home computer) was all it took to mine, however, the weight level increased significantly and you will now need specialized hardware, including a high-end graphics processing unit (GPU), to single out Bitcoin.
How do I invest?
First, you need to open an account on trading platforms and create a wallet; some examples can be found by searching Google for ‘Bitcoin trading platform’ – they generally have names that include ‘coin’, or ‘market’. After joining one of these platforms, click on funds, then click on crypto to select the desired currency. There are many indicators on every platform that are quite important and you should definitely watch them before investing.
Just buy and hold
Although mining is the safest and, in a way, the easiest way to earn Bitcoin, too much crowd is involved, and the cost of electricity and specialized computer hardware make it inaccessible to most of us. To avoid all this, make it easy for yourself, enter the amount you want from your bank directly and click “buy”, then relax and watch your investment increase in line with the price change. This is called an exchange and takes place on many exchange platforms available today, with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc.) and different crypto coins (Bitcoin, Ethereum, Litecoin, etc.).
Bitcoin trading
If you are familiar with stocks, bonds or Forex exchanges, then you will easily understand crypto trading. There are Bitcoin brokers like e-social trading, FXTM markets.com and many others to choose from. The platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means bitcoin trading for US dollars. Watch out for price changes to find the perfect pair according to price changes; platforms provide price among other indicators to give you appropriate trading tips.
Bitcoin as stocks
There are also organizations set up to allow you to buy shares in companies that invest in Bitcoin – these companies trade back and forth, and you just invest in them and wait for your monthly benefits. These companies simply pool the digital money of different investors and invest on their behalf.
Why should you invest in Bitcoin?
As you can see, investing in Bitcoin requires that you have some basic knowledge of currency, as explained above. As with all investments, this involves risk! The question of whether to invest or not depends solely on the individual. However, if I were to give advice, I would advise investing in Bitcoin for the reason that Bitcoin continues to grow – although there has been a significant period of boom and bust, it is very likely that cryptocurrencies as a whole will continue to grow in value over the next 10 years. Bitcoin is the largest and most famous of all current cryptocurrencies, so it is a good place to start and currently the safest bet. Although it is volatile in the short term, I guess you will find that bitcoin trading is more profitable than most other ventures.
What is Bitcoin, how does it differ from "Real" Money and how can I get it?
Bitcoin is a virtual currency. It does not exist in physical form as the currency and coin in which we are accustomed to exist. It does not even exist in a physical form such as Monopoly money. These are electrons – not molecules.
But consider how much cash you personally handle. You get a salary that you take to the bank – or it is automatically deposited without you even seeing the paper on which it is not printed. Then use a debit card (or checkbook if you are an old school) to access these funds. At best, you see 10% of it in cash in your pocket or in your pocket. So, it turns out that 90% of the assets you manage virtually are electrons in a table or database.
But wait – these are US funds (or those from any country you come from), safe in a bank and guaranteed full faith by the FDIC up to about $ 250,000 per account, right? Not really. Your financial institution may require only 10% of its deposit on the deposit. In some cases it is even less. He lends the rest of your money to other people under the age of 30. He charges them a loan, and you have the privilege of lending it to them.
How is money made?
Your bank can make money by lending.
Let’s say you have deposited $ 1,000 with your bank. Then they give $ 900 of it. Suddenly you have $ 1,000 and someone else has $ 900. Magically, $ 1,900 floats around where only catfish used to be.
Now say your bank lends $ 900 to another bank instead. That bank in turn lends $ 810 to another bank, which then lends $ 720 to the client. Poof! $ 3,430 in an instant – almost $ 2,500 created from nothing – as long as the bank follows your government’s central bank rules.
Creating bitcoin is different from creating bank funds such as cash from electrons. It is not controlled by the central bank of the government, but by the consensus of its users and nodes. It is not created by the limited mint in the building, but by the distributed open source software and computing. And creation requires a form of real work. More on that soon.
Who Invented BitCoin?
The first bitcoins were in the 50 Genesis Block created by Satoshi Nakomoto in January 2009. At first, it had no value. It was just a toy cryptograph based on a work published by Nakomoto two months earlier. Nakotmoto is obviously a fictional name – no one seems to know who he or she is.
Who is following all this?
After Genesis Block was created, bitcoins have since been generated by doing the job of tracking all transactions for all bitcoins as a kind of public ledger. The nodes / computers that perform the calculations in the book are rewarded for this. For each set of successful calculations, the node is rewarded with a certain amount of BitCoin (“BTC”), which is then regenerated into the BitCoin ecosystem. Hence the term “BitCoin Miner” – because the process creates a new BTC. As the supply of BTC increases and as the number of transactions increases, the work required to update the public ledger becomes more and more difficult and complex. As a result, the number of new BTCs in the system is designed to be around 50 BTC (one block) every 10 minutes, worldwide.
Although the computational power of BitCoin mining (and public ledger updates) is currently increasing exponentially, the complexity of the mathematical problem (which, by the way, also requires a certain amount of guesswork), or “evidence” needed to mine BitCoin and settle transaction books, is growing. at any time. So the system still generates only one block of 50 BTC every 10 minutes, or 2106 blocks every 2 weeks.
So, in a way, everyone takes care of that – that is, all the nodes in the network keep a record of the history of each individual BitCoin.
How many are there and where are they?
There is a maximum number of bitcoins that can ever be generated, and that number is 21 million. According to the Khan Academy, the number is expected to reach its maximum around 2140.
As of this morning, 12.1 million BTCs were in circulation
Your own BitCoin is stored in a file (your BitCoin wallet) in your own storage – your computer. The file itself is proof of the number of BTCs you have, and can navigate with you on your mobile device.
If that cryptographic key file in your wallet is lost, your BitCoin stock is also lost. And you can’t bring him back.
how much is it worth
Value varies depending on how much people think it’s worth – just like in “real money” exchange. But since there is no central body trying to keep value at a certain level, it can vary more dynamically. The first BTCs at the time were basically worthless, but those BTCs still exist. As of 11 a.m. on December 11, 2013, the public value was $ 906.00 per bitcoin. When I finished writing this sentence, it was $ 900.00. At about the beginning of 2013, the value was about $ 20.00. On November 27, 2013, it was estimated at more than $ 1,000.00 per BTC. So it is a bit unstable at the moment, but it is expected to calm down.
The total value of all BitCoins – from the period at the end of this sentence – is about 11 billion US dollars.
How do I get some?
First, you need to have a BitCoin wallet. This article contains download links.
Then one way is to buy something at another private party, like these guys on Bloomberg TV. One way is to buy something on the stock market, such as Mt. Gox.
Finally, one way is to dedicate a lot of computer power and electricity to the process and become a BitCoin miner. This is beyond the scope of this article. But if you have a few thousand extra dollars nearby, you can get quite a bit of equipment.
How do I spend it?
There are hundreds of traders of all sizes who take bitcoin for payment, from cafes to car dealerships. There is even a BitCoin ATM in Vancouver, British Columbia to convert your BTC into cash in Vancouver, BC.
And so?
Money has a long history – millennia. A slightly newer legend tells us that the island of Manhattan was bought for a vampum – shells and the like. In the early years of the United States, various banks printed their own currency. During a recent visit to Salt Spring Island in British Columbia, I spent a currency that was good only on a beautiful island. A common theme among them was the agreement on trust among users that the currency has value. Sometimes that value was directly tied to something solid and physical, like gold. In 1900, the United States pegged its currency directly to gold (the “Gold Standard”) and in 1971 severed that bond.
Currency is now traded like any other commodity, although the value of a country’s currency can be supported or diminished by the actions of their central bank. BitCoin is an alternative currency that is also traded and its value, as well as the value of other commodities, is determined by trade, but is not retained or diminished by the actions of any bank, but directly by the actions of its users. However, its offer is limited and well-known, and (unlike physical currency) so is the history of each individual BitCoin. Its perceived value, like all other currencies, is based on its usefulness and trust.
As a form of currency, BitCoin is not exactly a new thing in Creation, but it is certainly a new way of making money.
Why there will never be another Bitcoin
Well, it was a crazy 10 years for Bitcoin. In fact, it has been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever he, she or they were, they had a profound impact on the world. They no doubt foresaw this which is why they decided to disappear from the spotlight.
So, more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other crypto coins have emerged since everyone tried to emulate the king of cryptocurrencies. They have all failed and will continue to fail. Bitcoin is one type. Something that cannot be replicated. If you don’t know why, let me explain.
If you don’t know what Bitcoin is, I’ll just give you a few brief key points:
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Bitcoin is an online cryptocurrency
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It has a maximum bid of 21 million
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It cannot be forged
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Not all coins are still in circulation
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It is completely decentralized, without anyone controlling it
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It cannot be censored
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It’s Peer to Peer money
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Anyone can use it
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Bitcoin has a fixed offer that decreases every 4 years
What makes Bitcoin different?
So how does Bitcoin differ from all the thousands of other coins that have been invented since then?
When Bitcoin was first invented, it began to spread slowly among a small group of people. She grew organically. When people began to see the benefits of Bitcoin and how the price would rise due to its fixed supply, it began to grow faster.
The Bitcoin blockchain is now spread across hundreds of thousands of computers around the world. It has spread beyond the control of any government. Its creator has disappeared and now works autonomously.
Developers can upgrade and improve the Bitcoin network, but my consensus is that this must be done throughout the Bitcoin network. No person can control Bitcoin. This is what makes Bitcoin unique and impossible to replicate.
There are thousands of other cryptocurrencies available now, but as an example of how Bitcoin differs, I will use Ethereum as an example. It is currently one of the largest Alt coins and has existed since it was invented in 2015 by Vitalik Buterin.
Vitalik controls the Ethereum blockchain and basically has the final say on every development that happens on Ethereum.
Censorship and government interference
For this example, imagine Iran sending billions of dollars to North Korea to fund their new nuclear weapons program. This is not a good situation, but it should show you how your money is more secure in Bitcoin!
Anyway .. first example. Iran uses the standard banking system and transfers this money to North Korea in USD. The US government says wait a minute, we need to freeze these transactions and seize the money. Take it easy. They do it right away and the problem is over.
Another example. The same thing is repeated, but this time Iran is using the Ethereum blockchain to send money to North Korea. The US government sees what is happening. A phone call was made.
“Bring Vitalik Buterin here NOW”
The US government is “putting some pressure” on Vitalik and they are forcing him to return the blockchain and cancel Iranian transactions. (The Ethereum blockchain was actually returned before the hacker stole a significant amount of funds).
Problem solved. Unfortunately, Ethererum’s credibility would be destroyed along with its price.
Ethereum is just an example, but it is valid for every other cryptocurrency.
Bitcoin cannot be stopped
So the same thing happens again. This time Iran is using Bitcoin as its method of payment. The US government sees that and is unable to stop it.
There is no one to call. There is no one to put pressure on. Bitcoin is out of censorship.
Every other cryptocurrency is created by someone or some company and that will always be a point of failure. They are still centralized.
Another example would be that Vitalik’s family was abducted as a hostage. Bitcoin is beyond all of this and is therefore the safest investment on the planet.
Learn how to use Bitcoin
Everyone should own bitcoin. However, it is not dangerous without it. If you are new to Bitcoin, you should learn as much as you can before investing money. Owning Bitcoin comes with a lot of responsibility. Learn how to use Bitcoin safely.