Should Bitcoin Replace Currency of Central Banks?

Distinction between Bitcoin and Currency of Central Banks

What is the difference between central bank authorized currency and Bitcoin? The bearer of central bank authorized currency can merely tender it for exchange of goods and services. The holder of Bitcoins cannot tender it because it’s a virtual currency not authorized by a central bank. However, Bitcoin holders may be able to transfer Bitcoins to another account of a Bitcoin member in exchange of goods and services and even central bank authorized currencies.

Inflation will bring down the real value of bank currency. Short term fluctuation in demand and supply of bank currency in money markets effects change in borrowing cost. However, the face value remains the same. In case of Bitcoin, its face value and real value both changes. We have recently witnessed the split of Bitcoin. This is something like split of share in the stock market. Companies sometimes split a stock into two or five or ten depending upon the market value. This will increase the volume of transactions. Therefore, while the intrinsic value of a currency decreases over a period of time, the intrinsic value of Bitcoin increases as demand for the coins increases. Consequently, hoarding of Bitcoins automatically enables a person to make a profit. Besides, the initial holders of Bitcoins will have a huge advantage over other Bitcoin holders who entered the market later. In that sense, Bitcoin behaves like an asset whose value increases and decreases as is evidenced by its price volatility.

When … Read more

Don’t Let Technology Surpass You – Stay Ahead of the Competition

Things have changed so much over the years. Earlier, people used to visit restaurants to catch up with friends and enjoy the food. But nowadays, technology has changed many things, including human. Even when we are sitting with our loved once, we keep checking our phones because somewhere technology has overtaken our emotions.

According to a survey, 82% of people agree that using a cell phone at social gatherings hurts conversation. We used to live our lives quite well before the mobiles took over our lives. Technology should make our lives more clam and smooth. Agree? We should adapt the technology for our betterment not making ourselves busy.

Humanity has always been superior over the technology and still is. Some of the ways we can avoid technology surpassing humanity are as follows:

  1. Machines are Human Creation: Always keep it in mind that a machine is just a tool and some human’s mastermind behind its creation. For example, we all have become addicted to technology like mobile phone, computers and other gadgets. If you can avoid using a phone while you are with your family or friends, then technology is yet to take control over you which means you are operating machine according to your need.
  2. Set Boundaries: When you are working on any project, try to keep your phone away from you or set it on mute or turn off notifications. A case study from A Florida State University state that even if people didn’t check their phones when they
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Visual SLAM Technology Benefits and Applications

Visual Simultaneous Localization and mapping is a process that determines the orientation and position of a sensor as far its surroundings are concerned. At the same time, it performs the mapping of the environment around the sensor. As far as commercialization is concerned, this technology is still in its period of infancy. The good thing is that it claims to address the shortcomings of navigation and vision systems. Let’s find out more about the benefits and applications of this system.

First of all, it is important to remember that SLAM is not the name of a specific piece of software or algorithm. As a matter of fact, it represents the process that determines the orientation and position of a sensor.

SLAM technology is of various types. Many of them don’t use a camera but refers to a system that taps into the power of 3D vision in order to perform mapping and location functions. You can find this technology in different forms. However, the overall concept is the same in all systems.

How visual SLAM Technology Works

In most visual SLAM systems, the tracking of set points is done through camera frames. The purpose is to triangulate the 3D position. At the same time, it uses the given information in order to get approximate repose from the camera.

Primarily, the goal of the systems is to perform the mapping of the surroundings with respect to the location for easy navigation. It can be done through one 3D vision camera. If … Read more

Coinbase: A Bitcoin Startup Is Spreading Out to Capture More of the Market

The price of bitcoin skyrocketed in the year 2017. Coinbase, one of the world’s largest cryptocurrency exchanges, was in the right place at the right time to capitalize on the spike in interest. Even so, Coinbase isn’t interested in taking its crypto gains for granted. To stay ahead in a much larger cryptocurrency market, the company is plowing money back into their master plan. Up until 2017, the company’s revenue was reported at $1 billion and over $150 billion of assets were traded across 20 million customers.

Coinbase, a San Francisco based company, is known as the leading cryptocurrency trading platform in the United States and with its continued success, landed at the No. 10 spot on the CNBC Disruptor list in 2018 after failing to make the list the previous two years.

On their path to success, Coinbase has left no stone unturned in poaching key executives from New York Stock Exchange, Twitter, Facebook, and LinkedIn. In the current year, the size of its full-time engineering team has almost doubled. was bought by Coinbase this April for $100 million. This platform allows the users to send and receive digital currency while replying to mass market emails and completing micro tasks. Currently, the company is planning to bring a former Andreessen Horowitz venture capitalist, Earns founder and CEO as its first-ever chief technology officer.

According to current valuation, Coinbase valued itself at about $8 billion when it set out to buy Earn.Com. This value is much higher than the … Read more

How Mobile Application Technology Is Creating Value for Brick and Mortar Retailers

Mobile application technology is a powerful lever for the growth of online business. This has specially been the case with the retail industries. Some of the most established businesses in retail have harnessed mobile applications development and web application development to create business models with high returns on investment, on-demand delivery and finally customer delight. This has given way to the preconceived notion that mobile application development has aided online retailers while pricking thorns in the feet of brick and mortar retailers. Conventional wisdom suggests that with the advent of e-commerce, footfalls in shops have been decreasing. This however is a myth. While online shopping has caught up speed, web portals do not exhibit the entire range of products and hence in a way limit the freedom of choice of consumers. Thus there exists a case for the tech savvy consumer researching a sample size of the product range displayed online and then returning to the brick and mortar store to make the purchase. In this article we take a close look at the brighter side of how mobile app development services are bolstering the businesses of brick and mortar retailers and allowing them to make the most of the retail boom.

Mobile App Development and Data Driven Retailing

A recent study report that appeared in the Harvard Business Review by Christopher Tunnard and Bhaskar Chkarvarti claims that countries across the world can be classified into four groups, namely stand out, stall out, break out and watch out. Break out … Read more

5 Explanations For The Stock Market’s Growth!

Although, some people experience, stellar results, while others, discover far less profitable experiences, the American stock market, is a major component, of the overall United States economy! What specific indexes mean, and represent, and, the reasons, they go, up, or down, is, often, a somewhat, complicated one! For more than, the last 6 years (prior to the pandemic), we have witnessed, an unprecedented, growth, in stock’s performances. President Donald Trump, often, seems to point to, these performances, as proof, of his superior handling of the overall economy. However, many studies, indicate, only, about one – third of Americans, control (in terms of stock ownership) over two – thirds of all stocks owned. In addition, detailed studies of many aspects of economic – related areas, show the so – called, wonderful, Trump economy, to be, parallel, and a continuation of the last 3 years of the Obama administration. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 possible explanations for the strength, and, apparent, growth, of the stock market.

1. Few options for investments/ investing: With this prolonged duration/ length, of record – low (or nearly), interest rates, other investment possibilities/ vehicles, have lost much of their attraction, because, bond and bank interest/ dividend rates, are so low! The Federal Reserve has, also, recently, indicated, there are no plans, to raise these rates, and changed, their guidelines, for evaluating inflationary risks/ responses, etc. As a result, obviously, investing in stocks, has gained, its attractiveness!… Read more