Bitcoin as a Worldwide Currency

Bitcoin as a Worldwide Currency Andrew Rushing Priscilla Hartley Bitcoin, a cryptocurrency, has been the topic of many debates since its conception, on whether it should be considered as a viable worldwide currency for international trade. Bitcoin is a type of currency known as cryptocurrency; it is an all virtual currency that can be used at some online shops and to pay bills from a few different companies. Bitcoin should not be consider a viable worldwide currency for international trade, with its lack of a standard to back it up, whether it would have been by gold or silver. The non-supporters, of using the Bitcoin as a worldwide currency, argue against the Bitcoin by saying the currency is not very stable. In Christopher Matthews’ 2014 Time Magazine article, he states, â€Å"On December 6th and 7th of last year, the value of one Bitcoin fell from $1200 to $600 in the course of 48 hours. The non-supporter of the Bitcoin currency would use this example of a value drop to deface the value of the Bitcoin, because if a company were to store all of its wealth in the bitcoin currency and the currency had another drop like that forty-eight hour period in December of 2013, the company could face bankruptcy as stated by Christopher Matthews in his 2014 Time Magazine article. (Matthews, 2014, Paragraph 6) Most people seem to find the currency as more of gambling or the stock market then a currency to use for shopping, because of its spontaneous drop and rises of value. Besides the lack of stability of value in Bitcoins, non-supporters of the cryptocurrency argue that the currency is not protected well, according to Erin Negley, Hackers are a problem when it comes to the Bitcoin system; he feels hardly anything was done when hackers hacked into a Bitcoin Market and stole billons of the cryptocurrency. Non-Supporters of the Bitcoin system feel there is a lack of traceable information, so it could be used to act out acts of terror by terrorist. One person who is intrigue with the use of Bitcoin, Judy Walker, says some people feel Bitcoins are a lot safer than credit or debit cards because there is a lot less personal information stored in the records for Bitcoin accounts. Another reason supporters feel that Bitcoins should be more widely used as a worldwide currency is that international transaction, such as sending money to someone in another country, in their opinion is a lot easier and faster using Bitcoins over transferring country by country currency that would have to be transferred into a different currency and cause fees to be charged. Judy Walker is intrigued by the Bitcoin, but she says she would rather stay with the dollar for now. Marc Andreessen, a supporter of Bitcoins, states in his 2014 New York Times article that he feels the Bitcoin is a lot more consumer friendly because of the lack of fees for transfers, that banks would have charged the consumer. He also states in the 2014 New York Times article, He fee ls the use of Bitcoin would bring underdeveloped countries into the modern world when it comes to economical standards set by the first world countries. He also thinks that Bitcoins could help the â€Å"underbanked† citizens in the United States by having lower fees then the conventional banking systems offer. Andressen later states his opinion on an issue that the non-supporters of Bitcoin express, â€Å"Finally, I’d like to address the claim made by some critics that Bitcoin is a haven for bad behavior, for criminals and terrorists to transfer money anonymously with impunity. This is a myth, fostered mostly by sensationalistic press coverage and an incomplete understanding of the technology. Much like email, which is quite traceable, Bitcoin is pseudonymous, not anonymous. Further, every transaction in the Bitcoin network is tracked and logged forever in the Bitcoin blockchain, or permanent record, available for all to see. As a result, Bitcoin is considerably easie r for law enforcement to trace than cash, gold or diamonds.†(Andressen, paragraph 31) There are many different points of views when it comes to the Bitcoin system being used as a worldwide currency. The non-supporters, who feel it should not be used as a worldwide currency, state that the system is not very reliable when it comes to value, and the system is not very secured as nothing was done when billons of Bitcoins were stolen from a Bitcoin market. The supporters, who feel the Bitcoin should be used as a worldwide currency, state that the system is more secure because it does not require information about the consumer to be release to the buyer as that of a debit or credit card would. The supporters also feel that the Bitcoin would make international trading easier, making it easier to send money to family members back in another country, and would help the â€Å"underbanked† citizens of the United States by having lower fees than that of a conventional banking system. The Bitcoin system is a system that does not have a standard to back it up, the value inc reases and decreases rapidly; therefore the system should not be used for a worldwide currency. Annotated Bibliography Andreessen, Marc. Why Bitcoin Matters. New York Times, January 21, 2014, www.nytimes.com. Andreessen discusses the history of the bitcoin from conception to present. The article includes information on what a bitcoin is and how the currency is valued. He gives facts, with information to back those facts up. An obvious plus of this article is that, the author uses both arguments for and against the use of bitcoins virtual cryptocurrency as a worldwide currency; he does use expressive words when discussing the opinions of both sides. Because of the use of opinions in this article, care would be needed to stay unbiased when taking things from this source. This source would be overall an okay source to use for a research paper. CHAFKIN, MAX. CAN BITCOIN CLEAN UP ITS ACT? (Cover Story). Details 33.4 (2015): 94. MasterFILE Complete. Web. 23 Mar. 2015. This article is on the virtual cryptocurrency, called Bitcoin. The article goes over the beginnings of the international conference series Coin Congress, the assistance for finances offered by Crypto Currency Partners for bitcoins startup, and plans of hackers. He goes over how the leaders of the bitcoin movement are now being shut out by the elite member of American Society, where at the beginning it was mostly used by hackers, drug dealers, and illegal arms traffickers. This article is okay to use, but the writer of a research paper would need to be carefully when using direct quotes from the article. Matthews, Christopher. Why Economists Are Right to Hate on Bitcoin. Time, January 3, 2014, www.time.com. This article is based around the cons of using Bitcoins as a currency. The author uses financial records and his background in the financial world to show his statements are able to be backed up. He states that businesses would not want to use the bitcoin virtual currency because the currency is not very stable. The currency value dropped 600 dollars in the matter of two days which would have caused any businesses to be on the verge of financial collapse if they had store their revenues in bitcoins. He does state the opposite sides opinions and answers them with his own response. The author does a good job at stating facts and when he says his opinion it is quite obvious that it is an opinion. I believe if the writer of the research paper is careful this would be a good source to use for the research paper. Negley, Erin. Bitcoin basics. Reading Eagle (PA) 01 June 2014: Points of View Reference Center. Web. 23 Mar. 2015. The author explains that bitcoins are a cryptocurrency. He provides an overview of the mining system used for bitcoins. He states that little is done when hackers hack the system, taking billions of the virtual currency known as bitcoins. He provides an overview of the markets used to exchange the cryptocurrency. The article provides both the benefits, that those who agree with the bitcoin virtual currency system uses to support their belief, and the drawbacks, that those who disagree with the bitcoin virtual currency system uses to support their beliefs. The article provides information about where you can use the bitcoins, both in online stores and brick and mortar businesses. He goes over the potential that bitcoins have. He uses very little expressive language in the parts of his article consisting of pure facts, but there are spots where he uses people opinions and those have expressive language in those opinions. He uses facts and opinions used by both sides, those who agree and disagree with the bitcoin system, this would be a great source to use for a research paper. Walker, Judy. Bitcoins: The Future Of Money?. Faces 31.6 (2015): 20. MasterFILE Complete. Web. 23 Mar. 2015. The author provides information on bitcoins, and she mentions that bitcoin are a form of money used on online shopping. She later states that bitcoins can be used to exchange for goods and services also at brick and mortar business in everyday life. He also states that some consumers feel better about using bitcoins over credit cards and debit cards, because little information is needed about the consumer. The use of bitcoins also makes international trading easier. The author uses more facts than opinions, but states opinions supporting bitcoins as a virtual currency are stated. A drawback of this source is the lack of opposing views, the author states those opinion that only agree with the use of bitcoin virtual cryptocurrency. This could be a source to use for a paper, however care would be needed to make sure the use of opinions in this article are not transferred to the r esearch paper, as a fact because this would be bias.

The Wizard Who Flew Through Biology

___24. In which population is the frequency of the allele for brown feathers highest? a. A b. B c. C d. D e. E ____25. In which population would it be least likely that an accident would significantly alter the frequency of the brown allele? a. A b. B c. C d. D e. E ____26. The probability of a mutation at a particular gene locus is ____, and the probability of a mutation in the genome of a particular individual is ____. a. high; low b. low; high c. low; low d. high; high e. moderate; moderate ____27. Which factor is the most important in producing the variability that occurs in each generation of humans? a. mutation b. sexual recombination c. genetic drift d. nonrandom mating e. natural selection ____28. In a large, sexually reproducing population, the frequency of an allele changes from 0. 6 to 0. 2. From this change, one can most logically assume that, in this environment, a. the allele is neutral. b. the allele mutates readily. c. random processes have changed allelic frequencies. d. there is no sexual selection. e. the allele reduces fitness. ____29. You are maintaining a small population of fruit flies in the laboratory by transferring the flies to a new culture bottle after each generation. After several generations, you notice that the viability of the flies has decreased greatly. Recognizing that small population size is likely to be linked to decreased viability, the best way to reverse this trend is to a. cross your flies with flies from another lab. b. reduce the number of flies that you transfer at each generation. c. transfer only the largest flies. d. change the temperature at which you rear the flies. e. hock the flies with a brief treatment of heat or cold to make them more hardy. ____30. If the frequency of a particular allele that is present in a small, isolated population of alpine plants should change due to a landslide that leaves an even smaller remnant of surviving plants, then what has occurred? a. a bottleneck b. genetic drift c. microevolution d. A and B only e. A, B, and C ____31. Through time, the movement of people on Earth has steadily increased. This has altered the course of human evolution by increasing a. nonrandom reproduction. b. geographic isolation. c. enetic drift. d. mutations. e. gene flow. ____32. Gene flow is a concept best used to describe an exchange between a. species. b. males and females. c. populations. d. individuals. e. chromosomes. Use the information below to answer the following questions. In the year 2500, five male space colonists and five female space colonists (all unrelated to each other) settle on an uninhabited Earthlike planet in the Andromeda galaxy. The colonists and their offspring randomly mate for generations. All ten of the original colonists had free earlobes, and two were heterozygous for that trait. The allele for free earlobes is dominant to the allele for attached earlobes. ____33. If four of the original colonists died before they produced offspring, the ratios of genotypes could be quite different in the subsequent generations. This is an example of a. diploidy. b. gene flow. c. genetic drift. d. disruptive selection. e. stabilizing selection. ____34. The higher the proportion of loci that are â€Å"fixed† in a population, the lower is that population's a. nucleotide variability. b. genetic polymorphism. c. average heterozygosity. d. A, B, and C e. A and B only Choose among these options to answer the following questions. Each option may be used once, more than once, or not at all. A. random selection B. directional selection C. stabilizing selection D. disruptive selection E. sexual selection ____35. A certain species of land snail exists as either a cream color or a solid brown color. Intermediate individuals are relatively rare. a. A b. B c. C d. D e. E ____36. Pathogenic bacteria found in many hospitals are antibiotic resistant. a. A b. B c. C d. D e. E ____37. Heterozygote advantage should be most closely linked to which of the following? . sexual selection b. stabilizing selection c. random selection d. directional selection e. disruptive selection In a very large population, a quantitative trait has the following distribution pattern: ____38. If the curve shifts to the left or to the right, there is no gene flow, and the population size consequently increases over successive generations, then which of these is (are) probably occurrin g? 1. immigration or emigration 2. directional selection 3. adaptation 4. genetic drift 5. disruptive selection a. 1 only b. 4 only c. 2 and 3 d. 4 and 5 e. 1, 2, and 3 ____39. Male satin bowerbirds adorn structures that they build, called â€Å"bowers,† with parrot feathers, flowers, and other bizarre ornaments in order to attract females. Females inspect the bowers and, if suitably impressed, allow males to mate with them, after which they go off to nest by themselves. The evolution of this behavior is best described as due to a. survival of the fittest. b. artificial selection. c. sexual selection. d. natural selection. e. disruptive selection. ____40. In many animal species, mature males are much larger than mature females. This size difference can be attributed to a. ale hormones having a more positive effect on body size than female hormones do. b. the operation of intrasexual selection. c. females preferentially selecting larger males as mates. d. A and B only e. A, B, and C ____41. Adult male vervet monkeys have red penises and blue scrotums. Males use their colorful genitalia in dominance displays wherein they compete with each other for acc ess to females. The coloration of the male genitalia is best explained as the result of ____, and specifically of ____. a. natural selection; stabilizing selection b. disruptive selection; intrasexual selection . sexual selection; intrasexual selection d. natural selection; intersexual selection e. sexual selection; disruptive selection ____42. When imbalances occur in the sex ratio of sexual species that have two sexes (i. e. , other than a 50:50 ratio), the members of the minority sex often receive a greater proportion of care and resources from parents than do the offspring of the majority sex. This is most clearly an example of a. sexual selection. b. disruptive selection. c. balancing selection. d. stabilizing selection. e. frequency-dependent selection. ____43. Which of the following statements about species, as defined by the biological species concept, is (are) correct? I. Biological species are defined by reproductive isolation. II. Biological species are the model used for grouping extinct forms of life. III. The biological species is the largest unit of population in which successful reproduction is possible. a. I only b. II only c. I and III d. II and III e. I, II, and III ____44. Which of the following is not considered an intrinsic isolating mechanism? a. sterile offspring b. ecological isolation c. geographic isolation . gametic incompatibility e. timing of courtship display ____45. Dog breeders maintain the purity of breeds by keeping dogs of different breeds apart when they are fertile. This kind of isolation is most similar to which of the following reproductive isolating mechanisms? a. reduced hybrid fertility b. hybrid breakdown c. mechanical isolation d. habitat isolation e. gametic isolation ____46. Two species of frogs belo nging to the same genus occasionally mate, but the offspring do not complete development. What is the mechanism for keeping the two frog species separate? a. he postzygotic barrier called hybrid inviability b. the postzygotic barrier called hybrid breakdown c. the prezygotic barrier called hybrid sterility d. gametic isolation e. adaptation ____47. A defining characteristic of allopatric speciation is a. the appearance of new species in the midst of old ones. b. asexually reproducing populations. c. geographic isolation. d. artificial selection. e. large populations. ____48. According to the concept of punctuated equilibrium, the â€Å"sudden† appearance of a new species in the fossil record means that a. the species is now extinct. b. peciation occurred instantaneously. c. speciation occurred in one generation. d. speciation occurred rapidly in geologic time. e. the species will consequently have a relatively short existence, compared with other species. ____49. Which of the following would be a position held by an adherent of the punctuated equilibrium theory? a. A new species forms most of its unique features as it comes into existence and then changes little for the duration of its existence. b. One should expect to find many transitional fossils left by organisms in the process of forming new species. . Given enough time, most existing species will gradually evolve into new species. d. Natural selection is unimportant as a mechanism of evolution. e. Most speciation is anagenetic. ____50. Which of the following statements about speciation is correct? a. The goal of natural selection is speciation. b. When reunited, two allopatric populations will not interbreed. c. Natural selection chooses the reproductive barriers for populations. d. Prezygotic reproductive barriers usually evolve before postzygotic barriers. e. Speciation is included within the concept of macroevolution.

Reason My Grandparents Immigrate to Malaysia

Topic: The reasons my grandparents immigrated to Malaysia Nowadays, there are millions of Chinese living overseas. For me, I am the third generation of overseas Chinese in Malaysia. My grandparents came from a small village in Chaozhou Prefecture of Guangdong Province, China. They immigrated to Malaysia after World War II for several political, economic and societal reasons. In 1930’s, China was in a state of disorder due to the incessant fighting between warlords. People lived in deep distress. Unfortunately, the war of resistance against Japan broke out in 1937.The Japanese Imperial Army suddenly occupied a large area of China. My grandparents’ hometown was not invaded by the Japanese Army since it was only a small village. However, it faced scarcity of food. Many residents died of starvation, including my great-grandmother. My grandparents followed other villagers and fled to Fujian province. After that, they had been working in a rich family to earn a living for the following 8 years. Finally, in 1945, Japan surrendered. For U. S. A, Britain, Russia and for Japan itself, it symbolized the arrival of peace.Yet, for China, it just marked the resumption of the civil war between Nationalist Party and Chinese Communist Party. Both of the two parties wanted to control China. Nobody knew when another war would break out. The potential war would undoubtedly plunge Chinese people into misery and suffering again. Besides, people only saw a scene of devastation everywhere in China. The economic environment was worse than before. My grandparents found it harder to live in China after the war than before it.Millions of Chinese from Fujian and Guangdong province fled to South-east Asia, the so-called â€Å"Nanyang†, to seek a better life. Many of them chose Malaya (the predecessor of Malaysia) to start their new life. In Malaya, the political environment was much stable then. Before the war, the peninsula was occupied by Britain. The British colonist spared no effort in maintaining the stability of Malaya as they didn’t want any instability to interrupt their plundering of wealth in the colony. My grandparents thought that they could get an easy life in Malaya.They would at least not be destitute and homeless there. Since 19th century, thousands of Chinese flowed to Malaya because of the opportunities for employment in the mining, plantations and businesses. The peninsula has an abundance of natural resources. British colonists were rapidly developing the tin mining industry, rubber, and palm oil farming on the land. There was a high demand of manpower in the peninsula. Consequently, British colonist had been importing a large number of Chinese laborers into Malaya.Apart from that, the success stories of Chinese businessmen like Tan Tock Seng, Tan Kah Kee and Lee Kong Chian kept inspiring my grandfather and other Chinese. Therefore, they didn’t mind travelling thousands of miles to Nanyang. They believed that it w as a land where they could survive and become rich. According to the World Population Years’ report, there were about 1. 8 million Chinese living in Peninsular Malaya in 1947. Overseas Chinese had already formed a big community in Malaya. People who came from same the province and spoke the same dialect lived and worked together.Therefore, it was not a problem for my grandparents to adapt themselves in this new community. All these factors caused my grandparents to make this tough decision. It’s really hard for them to leave their homeland and become a citizen of another country. However, they might have been killed in another war if they had stayed in China. The day-to-day struggle of survival overrode all other things such as the unwillingness to leave the place where they had grown up. They were forced to immigrate. (605 words) It's my essay for English course in University. So embarrassing†¦Ã¢â‚¬ ¦

Mary Shelley Was A Novelist - Free Essay Example

Sample details Pages: 4 Words: 1325 Downloads: 2 Date added: 2019/04/12 Category Literature Essay Level High school Tags: Frankenstein Essay Did you like this example? Mary Shelley was a novelist who wrote novels that are now looked at as literary concepts. Mary used life experiences to create novels that would be explained in many ways in time. Many saw these novel as enjoyable horrors while others viewed them as disgusting and freak show, only few actually understood the real meanings to the novels. Don’t waste time! Our writers will create an original "Mary Shelley Was A Novelist" essay for you Create order She wrote these novels to express herself and explain her life. Her mother was a writer as well but at the time they were not viewed the same. Many of her novels were later used on premises of rights for women and equal rights for others. Her novel Matilda looked at in the late 1950s as a novel on equality, she had no intentions on it being looked at like that. Mary Shelleys novels reflected on and drew forth the aspects of science and equality in society.To think that Mary had created her novels to convey that science and technology is something to be feared is outrageous. Mary had a rough childhood and even harder teen years. Mary Wollstonecraft (her mother) died during childbirth. Her father after her mothers death married Mary Jane Clairmont who is Shelleys evil step mother forced her to leave the house at age fourteen. Shelley just like her mother became a novelist, her ideas and writings were all about her own life experiences. She was not trying to interoperate the novels as something that would happen in the future but more as putting science behind her stories to make them a different type of writing. Even though people did interoperate these novels with a sense of realty, it added to the time period where there was many scientific and technological advancements happening. Mary read lots of books and articles which were mostly were on evolution, chemistry, and article exploration. In Frankenstein, Patricia Fara quoted a well known arctic explored named Robert Walton. The way he writes is the same ways in which Shelley writes. They are both writing about real life situations and how hard they were on their lives. Shelley tried to express herself in the ways of this quote by Robert Walton the wondrous power which attracts the needle you cannot contest the inestimable benefit which I shall confer on all mankind to the last generation by ascertaining the secret of the magnet. This quote was one way in which she tried to convey her opinions and her own experiences during her time period. The quote as well showed how she dealt with narrow minded people always looking down on her for thinking outside of the box. She got this idea from when her father William Godwin was so caught up in caring about him financial situation that he didnt even notice nor ask about Mary through her dark times in life. Mary wrote from real life experiences, whether they were the best or the worst trying to put her life into writing. Although many people took her writings into many different views and most had not understood what she was trying to convey that even the ones she held so close and thought would understand did not.Shelley wrote to look back on her life and to write about future too, in writing about the future she wanted to add in the idea of man as the creator and how it would change society. One of her views was her Romantic aim to resuscitate organic speech and poetic utterance to overcome post enlightenment solipsism(Hyewon Shin). She believed that the best stories were when they were written or orally told and the listeners and readers felt like they were in the story and gave them the sense of realism which made it all more entertaining. The only thing during this time that was against her was the timing, it was the height of the printing era and she believed that it defied the way writing was meant to be. These beliefs were held so dearly to her contradicted societys views with the aspects of technological advancements in printing. She believed that this took away from people being the creators themselves and them telling the story took them away from being human and more into the life of the characters. As seen in Frankenstein man creating man can only make something new but something worse can only come from it, it also could change society for better or for worse. Some could say that Shelley was trying to warn us of this happening, but many also say that she never intended to write about the consequences of these actions, she was only trying to write about life itself. Though Shelley had many life problems she had ways of putting them into her writings in order to relate them to society. She was also able to relate in which how money affected society. She saw how money changed her father and manipulated his life to revolve around and and took the place of loving for his family and how that being absent in his life they all drifted apart day by day.Mary did experience many life changing situations that expanded her knowledge but the one thing that stuck with her the most was her feminist views. Mary did grow up to be just like her mother; a writer and a womans advocate in a way. Her writings did play a major role during the time as well. She added romanticism through some writings. One of the novels that became popular in the 1950s was Matilda. It was a psychological analysis of the trauma rising from the juxtaposing of romanticism and feminism(Tilottama Rajan). Its a short narrative of the trauma a girl goes through because her father has an incest love for her. The incest is the reason why her father did not publish the short novel. The trauma is supposed to relate to what Mary felt when Godwin was abandoning the family over money and Mary was dealing with the death of her own children. Matilda is a beginning, middle, and end short novel and it is obvious that Mary was confused on where the writing was going and how it was relating to language of the monstrosity and abjection. With all the abjection and confusion it is truly unclear who is the abject thus making the no evil confusing on the actual point of it. The loss of a relationship to a masculine romanticism shows how she lost her father and her male influence. All these feelings Shelley had throughout her life made her a voice and activist for womens rights and later in history equality for all. Mary Shelleys novels reflected on and drew forth the aspects of science and equality in society. Mary experienced many life changing situations that expanded her knowledge beyond others but one thing that stuck with her was her feminist views. To think that Mary had created her novel to create a fear behind science and technology is an outrage. Mary wrote to look back on her life but to also look into the future, in writing about the future she wanted to add in man creating man and how it would affect society. Mary Shelley wrote about real life situations as a way of putting her own touch on writing. She wrote fictional novels and science fiction novels but they all had a meaning behind them that related to her real life experiences. Mary never had any intentions to make the novels something that people would read and fear what is going to come in the future, she was writing about her life experiences and with technology and science advancements during the time it was right for what was happening. Mary went through a lot in life with her father not caring about the family and only about money she bad no male model in her life which leaned her more towards fighting for womens rights and equality for all.