Our topic today is CryptoCurrency and Blockchain, and we are going to go through
Here is a great article and video I found on Youtube that explains what Cryptocurrency and Blockchain is. Enjoy!
the basics of what they are, then look at some of the pros and cons and criticism of Cryptocurrency. Since it is often seen by many as the currency of the future we will also look briefly at what sort of challenges it might face in interplanetary and interstellar economies, where communications lag might make checking someone’s bank account balance a decade long process and where advanced automation might let you make perfect copies or forgeries of almost anything.
On top of that we will also looks at some alternative uses for Blockchain which include some surprises like maybe being able to use it for conducting elections with a maximum of privacy and minimum of fraud. Before we can get into any of that we do need to cover some basics about currency and money in general and define some terms and concepts. I am going to try to keep this as brief and intuitive as possible, so for those of you wanting more detailed looks at certain aspects of it there will be a number of links to more detailed papers in the episode description.
Banking is not usually considered an exciting aspect of technology and futurism, but it is a very important one so I will try to make it as interesting as possible. Money begins replacing direct trade of goods, or bartering, when you start having issues with what is called a ‘coincidence of wants’.
Portable river turbine can power your house by generating 12 kWh daily
Electricity is a global problem, approximately one 1.5 billion people around the world are without electricity, and to further 800 million people rely on expensive, fossil fuel generators for their electrical requirements.
We are a planet made up of mostly water, more than 70% of the planet is covered with slow moving waters such as rivers, ocean currents, and canals.
A few revolutionary Canadian companies have created products for this untouched global market that exist to provide electricity where it is currently unavailable, will replacing millions of fossil fuel burning generators that currently supply the power grid have a very high cost.
Did you know that a body of water moving at a mere 2 mph can generate the same amount of force as 240 mph winds?
Water contains 830 times more energy then wind, this allows smaller devices submerged in water ways to generate the same amount of electricity then much larger wind turbines. Because the electrical generation is coming from slow-moving water it also works much more consistently than wind power.
The first company is Waterotor, you can view their video below. This company is based out of Ottawa, Ontario and was formed in 2011 with the purpose of commercialization through full-scale prototype demonstrations.
Ethereum prices have exploded in the last few months, and they’re still headed north.
2017 has seen Gaines of 3000% and rising for Ether prices. What’s next for the cryptocurrency the powers the world’s second largest blockchain?
Well the spotlight is always been on Bitcoin due to its being the original cryptocurrency and it’s record-breaking all-time high trading value, other cryptocurrencies are gaining attention quickly.
Ethereum Gaining on Bitcoin as the Main Cryptocurrency
One of the most notable crypto currency’s today is Ethereum, investors have the opportunity to make millions much like they did from bitcoin.
Ethereum has seen a 13,633% jump in value since 2015, a record not many financial mediums have ever seen. Most experts agree that Ethereum is going to continue to gain value throughout 2017.
Ethereum has very strong security and Ames for zero downtime, and with some of the system features and fast transaction rates, Ethereum has moved further ahead of Bitcoin.
Ethereum is just one of the many cryptocurrencies that are gaining traction lately, some hold even bigger potential for earning, due to their much lower value.
The bigger currencies such as Bitcoin and Ethereum Will soon reach a point where investors won’t receive much of a profit because they are quickly reaching their peak value. However, new crypto currency’s but still have a little face value, have huge potential for future growth.
As More Stores Face Closures, Are You Ready For A New Career?
In 2017 we’re going to see a mass amount of large brand retail stores closing their doors, it doesn’t mean these companies are going out of business just they are reducing their footprint in the retail landscape throughout North America.
Here’s a short list of some of the stores that are closing down:
Kmart and Sears expect to close 150 stores this year
How long before all trucking companies are self-driving? And will it effect our economy?
The way our economy is changing at a rapid pace, we’re seeing the decimation of small town economies like we’ve never seen before. We have to start educating ourselves on the effects of things such as self-driving vehicle technology, and how it affects local economies, especially the ones that are dependent on trucker salaries.
If you think I’m blowing this out of proportion look at some of these facts.
The economy in North America is incredibly dependent on truck drivers, but what happens when self-driving vehicles are introduced to the road and these jobs start to disappear? There are over 4 million professional truck driver is in North America, and additional 5.5 million people employed who are not truck drivers but work in conjunction with them. That is 9.5 million truck related jobs.
“9.5 Million Jobs In North America Are Directly Related To The Trucking Industry”
No not all of these jobs would disappear because of self-driving trucks, you’re still going to need people to load the trucks and route them, but the vast majority of these jobs would disappear. And we can’t stop there, the income received by these 9.5 million people create numerous jobs for others. The 4 million plus drivers would regularly stop to rest, drink, eat and sleep. There are businesses that solely exist to service this market. Think of all the motels and restaurants that serve this industry as an example. So now you have millions more people that depend on the employment of the truck driver. But you can’t even stop there.
“Truckers Support Many Other Industries Outside Of Their Own”