BITCOIN
Just as Europe has the euro, Russia has rouble and the US has dollar, the internet has its own currency as well – known as digital currency or cryptocurrency – bitcoin. If in real life, we have to use a particular currency depending on the country, the bitcoin. Internet users can pay everywhere no matter where the stay. Bitcoin was created in 2009 by unknown programmer (or a group of programmers). It is a special application of an electronic payment system based on mathematical proof - wallet on your PC containing virtual currency Bitcoin. The idea was to produce a currency independent of any central authority, that can be transfered electronically and with very low transaction fees.
Cryptocurrency bitcoin has the basic functions and properties of conventional
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There is no mechanism to recover stolen or lost bitcoins. If a person keeps the money in offline wallet, which is installed and codified on the PC, there is a risk of computer to be broken or the person might forget the password. After that there is no way to access the wallet and a person will lose all the money. If a person keeps money on online wallet, there is a risk of someone hack the account since all the data is on the server. On the other hand, there is a good chance to restore the money with banks, if a credit card is stolen or somebody hacks into a bank account. Even the stolen cash can be returned back by the police. But with bitcoin if you lose it, you lost everything.
Another bitcoin’s disadvantage is lack of awareness. A lot of people still do not know about bitcoin’s existing. The list of advantages for bitcoins is relatively small compare to physical currencies. Since not many people are aware of bitcoins, some businesses cannot apply it for use and transactions. Due to this fact, there are not many places where payment can be accepted with bitcoins. Another consequence of this is hard to trade and buy or sell bitcoins
This also means that the thief will never learn his lesson and his relatives may be in an outraged state with the government. On the other hand, if the thief is not caught, law 23(Doc D) announces that the government will replace all lost property.
Ways how shoplifters have found to work around this is they will go and find someone off the street or a friend and have them complete the return. Retail companies will give the customer the return on a gift card. A shoplifter will do two things they will spend the gift card on other merchandise or they will sell the gift card to pawnshops for half the dollar on the gift card. One of the things that helped us when it came to return fraud was that we would get the shoplifters name and information from there driver license. We would take the information and start the investigation on the shoplifter.
Meaning that this would help the U.S. In producing a more stable operation of make paper money. Making the U.S. economy more stronger and could build the U.S.
The main purpose to why the Federal Reserve System was made is because of banking panics. Before the Federal Reserve was established, the United States already went through several banking and financial catastrophe. The financial crisis from 1907 was the one that made Congress to come up with the Federal Reserve System because they wanted to have a more stable, safe, and flexible monetary system. According to Wikipedia, they try to state the problems of financial and banking panics, fulfill as the central bank, protect credit rights, manage the country’s money supply by achieving goals of maximum employment, keep costs stable and steady, stop inflation and deflation from occurring, and much more.
Smuggling drugs has always been an issue because of the demand for them. Illegal espionage was often used to stalk people and to know where they were all the time. Thievery is very simple it is just stealing. Insurance
The silk road was helpful to the people in china, central asia, Africa, and India/all the way to Rome and beyond because of the trade routes the silk road was able to have the right resources to make it successful and helpful to others who trade. Transition + Your own original Reason, Detail, or Fact For example, where the trade routes went across most of the whole entire world. For, trading horses, orange seeds, grape seeds, or anything popular or needed during their time made the trade routes easier so they wouldn’t have to travel all the way to go trade and get what they had needed. One supporting Example or Evidence from text or source document To explain, in the article “The Silk Road” it says, the silk road has been an important part of success domestication of the camel which was an animal that could carry heavy loads over
On drug trafficking’s effects on the Mexican economy journalist Jacobo Zabludovsky said, “ If the heavens allowed for drug trafficking in Mexico to end tonight, tomorrow we would be dying of hunger. Or almost” (Que Seria De Mexico). Drug trafficking has a significant impact on how the economy runs in Mexico. Drugs alone bring in about $40 million dollars into the Mexican economy (Que Seria De Mexico). Without this amount of money due to drugs, the Mexican economy would most likely suffer or struggle without the substantial income.
If thieves see a chance to easily steal something, they will not think twice about it and have zero guilt because in their minds. For example, if they steal a bicycle from a front porch they will blame the owner for leaving it outside and think the person deserved to have their bike stolen. Boba and Santos wrote an article about theft and mentioned that thieves calculate risk versus reward (2008). That applies directly to this situation. If someone were home at the time, the theft would have never occurred because the risk level would be too high.
Do you think that the silk road was important to the ancient empires and settlers? Type your Claim/Thesis statement in the box: The Silk road was important because the ancient settlers would trade goods and sell them also. Transition + Your own original Reason, Detail, or Fact For example, the Chinese would trade silk for the Ferghana horses.
Cyber criminals use the information they collect from a victims online platforms to illegally gain access to the victims bank account and credit cards. These criminals later use this information to steal money from the victim's accounts or take loans using the victim's name (Lai, Li, & Hsieh, 2012). Driver's license identity theft: Criminals use the information they obtain from victims social media platforms to steal or forge drivers licenses that have the victim's name. They then use these stolen licenses when they are caught thus implicating the victim in a crime he was not aware
Money laundering serves two purposes when it comes to terrorist activity. It conceals the illegal origin of the money and the illegal destination of the funds (Unger, 2013, p.21). Research has shown and experts agree the sale and trade of drugs is a sizeable financial contributor to terrorist organizations. For example, the Taliban profited from the trafficking of opium and taxing the drug in areas under its control. These funds were then used to support terrorist organizations like Al Qaeda (Unger, 2013, p.22).
Advantages and Disadvantages of Marijuana Legalization Just like everything else, there are always two sides of the coins. And the long-standing debate on the legalization of marijuana has finally been put to an end in several states. But it is important that we are all aware of the benefits and consequences of the legalization of marijuana. As the war on drugs continue the status of marijuana use in the United States remains to plague the minds of the people.
Grado en Turismo (Ingles) History of travel and tourism Work of the subject Student: Marko Nikolic - SILK ROAD - Index: 1. Introduction 2. Silk 3.
In recent years Bitcoin has invaded the internet giving people the chance to earn money without lifting a finger. II. Thesis: Every year since 2009 Bitcoin has been growing its own international economy without any government regulations. III. Preview: Today we are going to talk about what bitcoin is and how it works, why people like/don 't like it, and the possible regulations of cryptocurrencies.
ROLE OF MONEY IN MACROECONOMICS 1. Introduction Money can be seen as the medium of exchange which is acceptable while transaction is being undertaken between two parties. Some of the common forms of money are: - Commodity money: This is when the value of the good represents its value in terms of money like gold or silver. - Fiat money: This is when the value of the good is less than the value it represents - Bank money: It is the accounting credits that can be used by the depositor Money serves a variety of crucial functions in the economy and this is why it has gained an unparalleled influence in the matters of economy at micro as well as macro levels. Some of the features of money that make it so important for any economy are as follows: