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What’s A Bitcoin And Should You Invest In Some?

What’s A Bitcoin And Should You Invest In Some?

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    What do tulips and bitcoins have in common?

    In 1636 rare tulips were introduced to the Amsterdam Stock Exchange due to their increasing demand. Many thought that the passion for tulips would last for ever, before the ‘Tulip Bubble’ burst in 1638 a Semper Augustus was worth 5,500 Florins which was the same price as a luxurious mansion at the time. Today, Netherlands Horticulture takes up 24% of the world’s horticulture, an 80% share in bulbs and 50% of all floricultural products.

    Today we have many other peculiar forms of currency, one of which is the bitcoin: an open source, digital currency and peer-to-peer payment network. 21 million bitcoins have been released slowly over time by ‘computer miners’. As internet access becomes more available across the globe, it is thought that bitcoins will also expand. But is this a bubble much like that of the tulips between in 1635 and 1637?

    In mid-2014 it is thought that each bitcoin will be worth $10, whilst in 10 years they could be worth $98,500 each.

    How (And When) The Fortunes Of The World Are Made | Master Of Finance

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    Siobhan Harmer

    Siobhan is a passionate writer sharing about motivation and happiness tips on Lifehack.

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    Last Updated on December 18, 2020

    Can Technology have Biases Like Humans?

    Can Technology have Biases Like Humans?

    Technology has taken a vantage leap in providing solutions for man. Before now, technology used to appear complex and would require a great deal of expertise to handle solutions available. Today, we have technology applicable in the simplest human activities as smart products with intelligent algorithms powering them as they make error-free judgments and provide intelligent and analytic solutions.

    Does technology have all the answers?

    This article from Credit Suisse, tells us that technology does not have all the answers because it has been found to exhibit “similar biases,” as humans. No one can discredit the impact of technology, but it is not totally free of human input and this is the reason we experience these biases in many areas we have technology holding foot.

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    Creating technological solutions transparently

    This article suggests that the process of creating technological solutions be made transparent and subject to contribution from many people who would end up as users of the product – male, female, young, old, learned, unlearned and all other preferences as we have them. It also underscores the importance of having women on product development teams. This approach is not sure to eliminate all forms of bias, but it is a good way to start in order to appraise the full benefits of technology.

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    Technology as the connecting tool

    Technology so far has been a major connecting tool amongst us humans. It is used and appreciated by all regardless of race, language and sex. In order to keep it less subjective to these arguments about human biases. I believe we should gather opinions on products and solutions before making them available to the public. This could be done by gathering input from intended target users and receiving feedback across the stages of production.

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    “Recognizing the problem is a start…success will depend on inclusive technologies that meet this vast untapped market.” This cannot be more apt especially at a time when we look up to technology for solutions. We should not muzzle our progress with technology by battling algorithm bias. The first way to avoid this battle is by reading this article here.

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