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Showing posts from July, 2022

Mt Gox: The Potential Black Swan Conspiracy Theory

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       Mt. Gox was a bitcoin exchange based on Shibuya, Tokyo, Japan. When it launched in 2010, it was handling over 70% of all bitcoin transactions worldwide by early 2014, when it abruptly ceased operations amid revelations of its involvement in the loss/theft of hundreds of thousands of bitcoins, then worth hundreds of millions in U.S dollars.      It was founded by a programmer named Jed Mc Caleb on the 18th July 2010. He decided that the bitcoin community at the time needed an exchange for trading bitcoin and regular currencies. So Mt. Gox launched on the said date with its exchange and price quoting service  deploying on the spare mtgox.com domain name.        In March 2011, Mc Caleb sold the site to French developer Mark Kapeles who was living in Japan because he felt that the site needed someone to really bring out its true potential. Then on the 13 June 2011, the Mt, Gox bitcoin exchange reported that about 25000 BTC (...

Xiaomi 12S Ultra: The Camera Masterpiece

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     The Xiaomi 12S Ultra is the third installment in the company's ultimate flagship lineups. And you know what's up? The camera specs are out of this world. Before we get into the meat, let's take a surface look at this beast.        This is the Xiaomi 12S Ultra. It has a clean list of specs. It comes in Green and Black. It has a design similar to that of its predecessor only that things are at an entirely new level. On the Mi 11 Ultra, Xiaomi has to fit a display in there but this time around, they didn't have to worry about display and so there was more freedom for component placement. The layouts of the controls and features around the aluminum frame of the 12S Ultra remains unchanged in comparison to predecessors. We have a power button and volume rocker on the right side of the phone and these are somewhat larger this time around when compared to a somewhat unfittingly small power button on older models. On top, you will find branded...

Internet Gold vs The Physical Gold: The Revolutional Debate

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       In the 21st century, we have seen the world around us revolutionize into a digital age. In most countries of the world, many are embracing technology faster than ever. The world is rapidly transforming everyday and we are forced to blend with our environment. Human life has become a lot easier and we are able to find solutions to daily problems with the aid of technology. Everyday, something new evolves and solves a particular problem in the society. In the last decade, it has been the evolution of money. Before now, a centralized exchange had to be put in place to regulate a country's monetary system through a set of policies with the aim of steadily increasing the GDP of the nation. We all had to go to the bank to deposit or withdraw money. And that is where the evolution of money sets in. The rise of cryptocurrencies in the last decade has made our world more decentralized. That is right. You've probably heard of bitcoin, ethereum, solana. These are all cry...

The James Webb Space Telescope: A New Era of Space Exploration

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  “The James Webb Space Telescope was specifically designed to see the first stars and galaxies that were formed in the Universe.” – John. M. Grunsfeld I’m sure you’ve probably heard about it or even read about it yourself. The James Webb Space Telescope(JWST) has finally reached its destination in Space after about a month of travelling from Earth after its launch. The JWST is the most powerful Telescope that has ever been launched into Space. It’s going to help us see much further into the Universe and learn much more about its origins. So, what exactly is this about? How does it work? How is it going to change our perspective of our Universe and Space in General? All of these and more would be discussed in detail in this article.      For starters, the JWST is named after, just as you probably guessed, James Webb. He was actually the 2nd ever administrator of NASA and a bureaucrat appointed by the Government. He contributed immensely to Space Science...

NFTs and Digital Arts: We Got It All Wrong

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       Hello guys, how are you doing? I know you are all good. So in this article, we will discuss extensively about NFTs. SO we have discussed about them in an earlier article but in this article, we will consider the impacts of NFTs in the metaverse and social community so stay tuned and enjoy this article.       An NFT is a financial security consisting of digital data stored on a blockchain in form of a distributed ledger. The ownership is recorded in the Blockchain and can be transferred by the owner allowing NFTs to be sold and traded. NFTs do not require special skills to create. The value of an NFT is associated with the digital file it references. Proponents of NFTs claim to provide a public certificate of authenticity or proof of ownership but the legal rights of an NFT can be uncertain. NFTs function like cryptographic tokens but unlike cryptocurrencies, they are not fungible. The cryptographic transaction process ensures the authentication ...