Thursday, March 7, 2013

Bitcoin and Recently Recent News About The Concept

Bitcoin is a concept created by an anonymous hacker about four years ago.  It is a purely digital currency.  The thing that's so wonderful about it is that there is no government authority over the currency, leaving all the responsibility up to the traders.  Like all currencies, Bitcoin must be backed up by something, and it is.  Coins are created through "mining".  It's like mining for gold, instead you are mining for "blocks".  A block is created when a certain mathematical question is solved.  The payout for solving a block is automatically adjusted, so that in the first four years, 10,500,000 Bitcoins are created.  This amount is halved every four years, so that the total Bitcoins in existence won't exceed 21,000,000.

The recently recent news about the Bitcoins is that 1 Bitcoin now translates to about 40 USD, after a Bitcoin market boost.  Many find this boost outrageous, but that's the way it is. The Bitcoin currency is flourishing, and personally, I believe it's the way of the future.

Friday, March 1, 2013

Time Travel

Time Travel.

If I were to time travel to any time and be able to come back, I would either go to the past or the future.  Any time before July 1998 is completely off limits.  I was born on April 6 1998, you can probably understand why I can't go before that time.  Any change can mess everything up, and I wouldn't be born.  If I can go to the past, I would travel back to when I started failing in school.  I'd give myself a helping hand so I can pass with flying colors.  That'd be pretty cool.  If I were to travel to the future, I'd travel about 20 years, experience things, bring back cool future stuff.  When I go back to the past, I tell the important people, like CEOs of mass corporations and even the president to change certain things if things aren't perfect in 20 years.