Benefits of Cryptocurrency

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. In the media we hear about bitcoin billionaires who are 18 or 19 years old. While there are some downfalls to cryptocurrency, there are some benefits. For example, Fraud: with cryptocurrencies being digital it is near impossible for them to be counterfeited. Another benefit is Identity Theft: Credit cards operate on a "pull" mechanism where stores initiate the payment and pull the exact amount from your account having access to all your account personal information. With cryptocurrency they work on a "push" mechanism which allows the owner to push the exact amount of money to the merchant without revealing any personal information. The final benefit of cryptocurrency is Decentralization: Bitcoin, which is a type of cryptocurrency, is managed by a network not by one central authority. This means that the network operates between users which can open doors for mass collaboration.

https://www.huffingtonpost.com/ameer-rosic-/7-incredible-benefits-of-_1_b_13160110.html

Comments

Post a Comment

Popular posts from this blog

The supreme court

After watching the video in class about how the supreme court works was very helpful. The supreme court originally had 6 chief justices but over time the number of Chief Justices increased to 10 which is what we have today. The supreme court receives about 10,000 petitions a year and they choose which cases they want to go forward with. Majority of the supreme court cases that we see are appeals from lower courts and these cases come from the federal level courts. They won't just take cases that are appeals but they will take cases from the lower federal court that cannot agree on how to interpret the law involved. they accept a wide variety of cases every year. By taking a case that involves an issue that has led to differing opinions in lower courts.
Read more

Agenda Setting

Agenda setting describes a very powerful influence of the media and the ability to tell us what issues are important. In 1922, the newspaper columnist Walter Lippman felt concerned about the media and the power media had to present images to the public. This goes as far back as 1922 and we still see if today in our current society. In 1968 a research was done and they found two elements, awareness and information. The information that they gathered from the research was that McCombs and Shaw’s presidential campaign was mainly focused was to attempt to assess the relationship between what voters in one community said were important issues and the actual content of the media messages used during the campaign. Agenda-setting is the creation of public awareness and concern of salient issues by the news media. Most research of agenda-setting have underlining of two basic assumptions: 1.) The press and media do not reflect reality; they filter and shape it. 2.) media concentration o
Read more

Supreme Court hands Trump administration a victory in immigration battle

On Tuesday the Supreme Court gave the Trump administration a victory in the battle to clamp down on illegal immigration by making it easier to detain immigrants with criminal records. Most people are reading this or maybe don't understand what this means, here's an example,  Federal immigration authorities can detain immigrants awaiting deportation anytime after they have been released from prison on criminal charges. The right-wing conservatives argued that if there was a harsher process on illegal immigration or illegal immigrants then we can start to eliminate this problem. On the other hand, the left-wing liberals argue that the people who get involved with immigration should have a hearing to argue their release while deportation proceedings go forward. With the 5-4 decision on Tuesday, the Supreme Court ruled against them.  https://www.foxnews.com/politics/trump-administration-notches-victory-in-immigration-battle-with-supreme-court-ruling    
Read more