Posted in Cryptocurrencies

An Insight Into The World of Cryptocurrencies #2

Hi guys!

Welcome back to my blog!

This is the second blog post of Financial February, a month dedicated to spreading financial literacy.

So today we are going to talk about the history and the origins of Bitcoins.

satoshi

Satoshi Nakamoto, a name well-known name in the cryptocurrency market and is usually tagged as the “Creator of Bitcoin”. But only a few people know that Satoshi Nakamoto never intended to create the world’s first cryptocurrency.

His goal was to create a peer to peer electronic cash system that would overcome the limitations of digital cash system, the primary one being the limitation of having centralized authorities.

In the white paper published by Mr. Nakamoto, he states that:

“Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers the inherent weaknesses of the trust-based model.”

“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transfer directly with each other without the need for a trusted third party.”

The decision of Satoshi to create a digital cash system without a central entity gave birth to Bitcoin the world’s first cryptocurrency. When Satoshi created Bitcoin it’s value was a little over a single cent. With the passage of time, it’s value skyrocketed. The current price of Bitcoin as on 13 February 2018 is $8583.04 with a gigantic market capitalization of $144,733,331,604 as per coinmarketcap.com, Pretty insane right?

One another interesting aspect of the Bitcoin history is that the name Satoshi Nakamoto is a pseudonym. Thus, it isn’t confirmed as to whether Satoshi Nakamoto is a “he” or a “she” or even a “they”. Some even say that the name could be actually a group of four Asian Technology Companies. Samsung, Toshiba, Nakamichi, and Motorola. The name can be created by taking the “sa” from Samsung, “toshi” from Toshiba, “naka” from Nakamichi, and “moto” from Motorola.

The current status of Satoshi Nakamoto says that he is the owner of a million bitcoins. Implying that he has a net worth of approximately $8.5 billion (based on 13 Feb 2018 exchange rate).

Ever wondered what would happen if Satoshi Nakamoto decided to sell a million bitcoins?

Bitcoin has a finite supply of 21 million which is expected to be reached by 2140.

Nakamoto’s 1 million bitcoins amounts to approximately five percent of the entire cryptocurrency.

In case Mr. Nakamoto decides to sell his entire share of bitcoins in the market. The most likely immediate effect will be the prices of cryptocurrency plunging down but only for a short period of time.

In the long term, the market might stabilize on its own because of sufficient liquidity, hence preventing any financial crisis or market crash for that matter.

That’s it guys! I hoped you liked it and gained something out of it.

In the next blog post of An Insight into the world of cryptocurrencies series, we’ll be looking into cryptocurrencies as a potential investment and will figure out whether one should invest in them or not.

For a more detailed study, I’ve put the links below of some really amazing websites I referred to, do visit them once.

Thanks for reading.

Any questions/suggestions?

Email Us: questionme41@gmail.com

References:

  1. https://www.cryptocurrencyarmy.com/cryptocurrency-explained/the-history-of-cryptocurrency/
  2. https://www.inc.com/larry-kim/15-unusual-facts-amp-theories-about-mysterious-b.html
  3. https://blockgeeks.com/guides/what-is-cryptocurrency/

 

Read Satoshi Nakamoto’s White Paper by clicking on the link: https://bitcoin.org/bitcoin.pdf

 

 

 

Posted in Cryptocurrencies

An Insight Into The World Of Cryptocurrencies #1

cryptocurrencies

 

If people around you by now haven’t started talking about the cryptocurrency rage, predominantly about bitcoin then I’m sorry to say you live in an outlandish world. Stay tuned, Stay updated.

Hi everyone!

Welcome back to my blog!

This is the first blog post of The Financial February month. A month dedicated to spreading financial literacy. A lot of research, time and effort have gone in writing this post. I hope you like it and if you garner even 1% knowledge from it, my mission behind writing this blog post will surely be accomplished.

So, let’s get started!

Before delving into the historical records, for this post let me elucidate on what exactly is Cryptocurrency.

A google search of the word cryptocurrency will show:

“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.”

However, cryptocurrency in a layman’s language could be understood as a digital currency that has no centralized authority. A currency through which anyone can buy/sell commodities by eliminating the use of financial institutions like banks. Furthermore, the reason it uses the prefix crypto is that it uses cryptography (the art of writing or solving codes) as a medium to secure transactions, control the creation of additional units and verify its transfer.

Divulging from the topic but it’s interesting to note here that all the major developments regarding cryptography have taken place during the times of crisis.

The first major advancement in the field of cryptography took place during the II World War when Germans used the electronic router-based cipher called Enigma to communicate information. The movie Imitation Game could be taken as a reference.

After that 2008 financial crisis paved the way for the creation of cryptocurrencies relying heavily on cryptography, the most common one being Bitcoin.

It is important to note here that Bitcoin is a type of cryptocurrency and not the only cryptocurrency available in the market.

Anyways coming back to the topic, as per www.coinmarketcap.com dated 11 February 2018, there are 1516 cryptocurrencies present in 8714 markets across the world. Some of the most famous being: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Dash etc.

The Concept of Blockchain:

It’s is because of the concept of Blockchain technology that cryptocurrencies make up such an intriguing area of study.

Blockchains are the base on which cryptocurrencies work. It’s a decentralized ledger that records payments and transactions in a safe manner. These transactions need to be verified and blockchains need to be regularly enlarged so that it can account for new transactions and payments. This job is bestowed upon a group of people called “miners” or “cryptocurrency miners”.

Crypto-mining involves using high powered computer to solve mathematical equations (mostly hash problems) to add transactions to the Blockchain, a public ledger. The first miner to solve the problem is entitled to a reward which is either in the form of cryptocurrency coins or transaction fees associated with a block.

But blockchain has one major issue, something which is forcing the Chinese govt. to shut down miners. At present, according to Forbes magazine, China produces the most bitcoins in the world using Bitcoin Mining.

So, what is the problem exactly?

One major issue with Crypto-Mining is that it is an energy-intensive process. It consumes too much electricity. Bitcoin mining is estimated to use up to 4 gigawatts of electricity, equivalent to three nuclear reactors’ production level which is an insane amount of electricity wastage.

Looking from this perspective one might not like cryptocurrency much but it does have a lot of awesome advantages to it which we will unleash in the upcoming blog posts.

That’s it guys! I hoped you liked it and gained something out of it.

In the next blog post, we’ll be digging the historical roots of Bitcoin majorly about the man behind its creation and its current status too.

For a more detailed study, I’ve put the links below of some really amazing websites and YouTube videos. Do visit them once.

Thanks for reading.

Any questions/suggestions?

Email Us: questionme41@gmail.com

Detail Study Material:

https://www.coindesk.com/information/what-is-blockchain-technology/

https://www.youtube.com/watch?v=kubGCSj5y3k

https://www.youtube.com/watch?v=GWKl6efhokg&t=375s

References:

https://blockgeeks.com/guides/what-is-cryptocurrency/

https://www.fool.com/investing/2017/12/19/16-cryptocurrency-facts-you-should-know.aspx

Posted in General Posts

Financial February

financial-bitcoin

Hi guys!

Welcome back to my blog!

This is my first blog post of February month. I really had a hard time picking a topic to write upon in recent days, thus I decided to affix a theme with this month. As it is evident from the title itself the theme for this month is Financial February.

There are many reasons as to why I chose this theme, the primary reason being my aim of spreading financial literacy among the masses. Financial literacy is paramount because no what profession you enter, what position you undertake, the understanding of financial aspects can help you make wise decisions on money-related matters. Not only that, but I also believe it helps in making us more self-reliant. So, when we talk about women empowerment the first step is to make them financially literate.

Other than that, the ongoing cryptocurrency craze was also one of the reasons I thought Financial February could be the best theme for this month. With the cryptocurrency plunging, governments of various countries trying to either ban or regulate these currencies, the endless debates about its constant theft and questionable security, cryptocurrencies had gained gigantic coverage over the past few months.

The last reason that supported my decision of choosing this theme was the Budget of 2018. It was released on 1 February 2018 and instantly became a talking point.

Thus, to keep myself as well as you guys updated about the current vogue and the happenings around I thought to keep the theme as Financial February.

That’s it guys.

Hope you liked the theme.

Stay tuned! Follow and Subscribe!

Any questions/suggestions?

Email: questionme41@gmail.com

 

 

Posted in Problems Of The Country

The Dilemma That Persists

Greetings to everyone.

Welcome back to my blog.

Have you ever walked past the road and encountered people coming to you and begging for food or money?

I bet you must have if you live in India or have visited India.

Do you consider them to be a burden on the society?

Do you believe India can never become a developed country until the beggars are removed from the society?

And most importantly what do you generally do when these poor damned souls approach you?

Do you ignore them?

Do you help them?

Or do you ask them to leave?

The reaction of the masses to these pupil’s deplorable situation can be summarized by five thought processes mentioned below.

First, there is this section of people who shrug of these beggars/vagabonds and pretend to ignore, even after they have seen them already.

Second, there is this section of people who dare to look them in the eyes, and still ignore them or shoo them away by saying “we don’t have anything, Go away!”.  How ironic!

Thirdly, there is this section of generous people who offer to give them something, money or food. But their offering is so negligible that it hardly makes any difference. Their thought process tells them to be caring at the same time be cunning. Cunning because they know that beggars can garner huge sums of money/food by the end of the day by doing absolutely nothing.

Fourth, there is this section of overtly generous people who don’t think twice before shredding out money from their pockets to help someone. But beware this category of people don’t become overly generous every day. It happens only once in a blue moon.  On the other days, they belong to the second or third category.

Lastly, there is this section of people who observe the beggars/vagabonds, feels sad for them, at the same time starts grumbling about their life choices and argues that instead of begging they should look for work. In the end, this section of people brings nothing but disappointment to the poor chaps.

So which category do you belong to?

I don’t want to know, you just to need to know that for yourself.

Because it is the dilemma that persists and we need to get over it.

 

Thanks for reading.

Any questions/suggestions?

Email Us: questionme41@gmail.com

Posted in Places To Eat In Bengaluru

Review: Truffles & Chocolate Room (Koramangala, Bengaluru)

Hello people!

Welcome back to my blog.

Mid-semester just got over and I never felt so good.

It’s review time guys.

Place #1 Truffles

 

Truffles & Me.

 

I have been to truffles 3 times but always waived it goodbye from the outdoors only. Such crowded this place is. Anyways, I finally got a chance to enter this tantalizing place and friends I’m transfixed.

Ten Second takeaway:

Enticing food, Insta approvals, A place to celebrate togetherness **.

 

Insta Approval.

 

Pro Con Analysis

Pros:

The legendary food: The reason this place deserves all the hype it’s got is because of its scrumptiously alluring food. I can go on adding adjectives about how tasty the food is and there won’t be any limit to it.

 

Scrumptious,…

 

Service/Ambience: It’s got flash* like service. The ambiance is pretty decent. The thumping music is what brings life to this place.

Not to be biased but the moment they played BTS Mic Drop they simply won my heart.

*(DC comics Character in case you don’t know)

Con:

** Previously in the Ten Second takeaway I mentioned Truffles as a place to celebrate togetherness. Here’s the reason why:

At the end of the day, it all boils down to money. And this place isn’t a solo eating place at all. It is legitimately expensive. No matter how much soul-satisfying this place is but on the top of that it’s legit expensive and nobody denies this brutal fact.

That’s why it’s highly recommended to crash at Truffles with a bunch of friends who are willing to shred out money easily.

Address: 93/A, Ground Floor, A Wing, 4th B Cross, 5th Block, Koramangala, Bengaluru, Karnataka 560095

Place#2 Chocolate Room

There is nothing perfect in life than chocolate. Chocolate is bae. I hope it’s for my readers as well.

Ten Second Takeaway:

Enter a room stuffed with the chocolate smell, salivating your mouth every second until the dessert arrives. Because chocolate is bae.

Pro Con Analysis:

Pros:

Aroma: The moment you step into this place, you are automatically teleported to the chocolate world. You inhale Chocolate smell, you exhale the same. The aroma is too too good.

Food: There is no food available here. It’s only chocolate and its subsidiaries. Choco bomb, Choco lava lava, Choco shakes etc etc etc. And it’s worth every single bite.

 

Choco lava…

 

Medium Expensive: This place isn’t very expensive but at the same time is not very cheap as well. According to me, it’s appropriately priced for a desert, a chocolate filled desert.

Con:

There is no con of this place except a word of caution from my side. I and my roommate once went to this place for dinner. And it was a terrific experience because we had so much chocolate that day that I started loathing chocolate. But everything is fine now.

In a nutshell, a good dessert is what makes a good day. DO try this chocolaty place once.

Address: 360, 1st Main Rd, 7th Block, Koramangala, Bengaluru, Karnataka 560095

Thanks for reading.

If you like this post, don’t forget to follow the blog.

Until next time, Goodbye.

Any questions/suggestions?

Email Us: questionme41@gmail.com

Posted in Top 10

Top 10 Ways to Spam on Whatsapp

 Even the lamest things in the world can be done in different ways and that is what creativity stands for.

-Mrinal Patwari (My roommate)

Let’s get started with….

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#10 Ordered Spamming

To do ordered spamming all you need to do is pick up an entire section of emojis and start sending it one by one in either ascending or descending order.

#9 Spell out Spamming

This is one of my favorite ways to spam. So instead of typing sentences/words in one message, try spelling it out and sending it letter by letter.

#8 Repetitive Spamming

Repetitive spamming actually involves sending a word/sentence continuously over a period of time.

#7 Senseless Sense

The Autocorrect button sometimes can be very annoying, but in spamming, it’s one of your best friends. Try selecting random words popping up on the auto correct screen and make a gigantic message out of it.

#6 Random Spamming

Reading your own stupid texts back makes one feel so nostalgic. Nostalgia can be a good ingredient for spamming. All you need to do it select some chats randomly and start sending it again to the same person.

#5 Emoji War

Now, this type of spamming requires an equally enthusiastic partner who is willing to spam you just as much as you are willing to spam him for the emoji war to begin.

#4 Group Spamming

Not satisfied with any of PM spamming. Try spamming the group by changing the profile picture/group name continuously.

#3 Aesthetic Display

This can be practiced by emojis in a sequence like 9 emojis then 8 emojis then 6 emojis, so on and so forth.

#2 All in one Spam

Sending the same emoji/ set of emojis in the same message again and again and again. The only disadvantage being after a certain point of time an option will pop up saying read more which ruins your entire hard work.

#1 Gif War

This the most common of all, The gif war. Instead of mundane words, gif makes a message more appealing and mesmerizing to people. And a gif war is all about that. The aim is to keep sending gifs until the speed of the phone slows down. It can either be one-sided or two-sided war.

Some words of caution here:

  1. Spamming can backfire, do it diligently.
  2. It is advisable not to try it with everyone.
  3. Lastly, it is advisable to segregate important messages by shifting them to starred messages.

Some benefits derivable from this fun activity are:

  1. Getting the attention of people is 10 times faster.
  2. It’s a good way to kickstart a conversation with annoying people.
  3. Getting your work done is much easier by spamming.
  4. It’s a good time pass and it’s fun.
  5. And it lightens up the mood and the conversation too.

#keepspamming.

That’s it friends.

Hope you enjoyed! Like, share or comment.

And don’t forget to follow the blog for more awesome posts.

A huge shout out to my roommate Mrinal Patwari for the concept and screenshots. Without her generous help, this post would have never existed. Thanks, Mrinal.

Farewell.

Any suggestions/questions?

Email Us: questionme41@gmail.com

Thanks for reading.

Posted in Music

Dua’s Domination

 

p05341jk

Hey Dua’s fans!

Welcome to my blog.

It’s hardly been a few months since I heard the song New Rules for the first time. And I swear I still listen to it often. Blame it on its stellar video, logically crafted lyrics or the sexy voice behind it, there are endless justifications as to why that song deserved every hype it got. Not just from me but from people in general.

And guess what the most awesome thing about New Rules is that it’s still going strong. Last time I checked it had some 895 million views and still counting.

fea7b7ec72036f44658ef9a727bbe25c

Her recent release Idgaf had made me insane. The first time I saw that video and heard the song, it was like my instincts forced me to believe that this song has a fabulously bright future.

And surprisingly it did.

Idgaf crossed over 5.5 million views in just 24 hours.

It’s crazyyyyyyy. Furthermore, Dua Lipa’s fashion sense just got a higher notch when she pulled off those blue and orange formal suits like a perfectionist. The highlight of her attire being the one sided feather earning. It gave me major fashion goals.

dua-lipa-idgaf-video

You know the best thing about Dua Lipa’s songs are that they are mostly about self-love. Her song makes me feel so much confident about myself that I can’t resist listening to them again and again and again.

In addition to that, it’s also about adapting apathetic attitude even towards the most traumatizing problems of our life. And it works!

Not glorifying her in any sense, but according to me in the current scenario Taylor Swift stands at the crossroads of dusk and Dua awaits her dawn. The trending lists and comment section can be taken as justification for the same.

In the previous year she had 6 official big hits, earned more than just accolades, global dominance and at present, she is nowhere close to stopping anywhere.

In fact, her journey has just commenced.

And I just can’t wait to see and hear more great content from her side.

If you haven’t heard any of her songs, click and hear them now. Asap!

New Rules: https://www.youtube.com/watch?v=k2qgadSvNyU

Idgaf: https://www.youtube.com/watch?v=Mgfe5tIwOj0

No Lie: https://www.youtube.com/watch?v=GzU8KqOY8YA

Scared to be lonely: https://www.youtube.com/watch?v=e2vBLd5Egnk

Thanks for reading.

Stay tuned for more awesome content.