The Face Behind Bitcoin

In the article “Money: The Real Truth about Money” by Gregg Easterbrook published In Time Magazine (2005), the author compares two different generation’s attitudes towards money, and how it affects their happiness. The author’s standing qualifies him to write and appeal this issue, he’s a contributing editor of The Atlantic and The Washington Monthly, and he also writes the Tuesday Morning Quarterback column for ESPN.com. Easterbrook’s primary audience appears to be middle class Americans however he draws a wider secondary audience’s attention. The author succeeded in convincing his readers through his rhetorical appeals, credible sources and his clever use of language.

Coined “mudrakers” by President Theodore Roosevelt, journalists wrote investigative articles exposing social, economic and political scandals. The writers detailed the many horrors of poverty, urban slums, dangerous factory conditions, and even child labor. No one was safe from the “mudrakers”, their articles took aim at the food and insurance industries, prostitution and political bribery and corruption. All which satisfied the American public’s appetite for scandal. Not unlike the sensationalism used by media today to help influence public

Zembic opens his paper with an example of his problem that he had encountered with a magazine showing him that “there is more deception in print media these days.” he then gives another example of another encounter that he had reading a newspaper, looking in the homes section, he found a two page spread that was about a new condo development, as he read he had realised that he had basically been tricked to read a “ventriloquist sales pitch” which infuriated Zembic. He then goes

Cryptocurrency is a digital asset that serves as a medium of exchange with no central authority and was created to prevent the issue of double spending. This problem is solved with the use of blockchains where miners confirm transactions on a public ledger. As of today, there are over 1,000 different types of cryptocurrencies, and at least 600 of these have listed market caps of over $100,000. Bitcoin, Ethereum and Litecoin are top cryptocurrencies trading today with their combined market cap topping $331B. Bitcoin, created in 2009, is the biggest cryptocurrency and has recently reached a net value of over $270 billion, with much of its growth being in the last few months. This has led to much

December 11th, 2008 started out like an average work day for Eleanor Squillari, secretary for Mr. Bernie Madoff, at Bernard L. Madoff Investment Securities. After reaching her desk she received a call from Ruth Madoff, who sounded rather lifeless instead of her usually upbeat self. Ruth was inquiring whether her sons had made it into the office; Eleanor informed her that they hadn’t, while in the back of her mind she kept thinking about Ruth’s strange voice. However, she didn’t question it but continued her day, going on her regular rounds. As she descended to floor 18 she observed that the conference room was full of serious men is suits, all surrounding Peter Madoff, Bernie’s bother. “Strange,” she noted, along with why Bernie still hadn’t shown up. She was interrupted by a big man in a trench coat walking in her direction, but she questioned him first. He responded by flashing his badge and yelling “F.B.I!” “What’s happening? Was someone kidnapped? ” she didn’t know where to start, but her confusion was resolved when Peter 's secretary walked over. Looking stunned, she said "They 're saying that Bernie was arrested for fraud." “No, that’s not true!” Eleanor replied, but Peter walked by and reaffirmed it. She was shocked; for twenty years she never noticed anything about the international White Collar crime that was run right under her nose (Seal, Squillari).

It was perplexing time for The New York Times; a chapter, in their long-run, of fabrications that are now consider fabulists and egregious plagiarism. Hard News by Seth Mnookin, recounts the time a narcissistic and pedantic executive editor, named Howell Raines took took charged of the steering-wheel of one of the most reliable and prominent newspapers in the nation. It is described how Raines and other high-profiled and important figures for the paper, such as managing editor Gerald M. Boyd, dealt with the Jayson Blair’s scandal. The Jayson Blair scandal is about the terrible repercussions when plagiarism and fabulism is committed by a reporter. It not only tarnishes the reporter’s reputation but the newspaper’s transparency as a whole. I

Journalism and technology go together especially in our modern-day society. Ethics is a guideline that journalists uphold their obligation to the public and their profession to report the truth. Unfortunately, in this digital age, we have the resource that can verify one’s original work but also to plagiarize. Journalists should be honest, fair and courageous in gathering, reporting and interpreting information. Journalists should also test the accuracy of information from all sources and exercise care to avoid inadvertent error (“Society of Professional Journalists: Code of Ethics”, 1996). In this paper I will discuss what role did digital technology play in the Jayson Blair scandal, how can it be regulated, and what guidelines can be put in place to prevent future incidents.

The early 1900s marked the rise of investigative journalism. Articles exposing corruption and greed within the government and businesses were extremely popular among the American people. In Theodore Roosevelt’s speech, “The Man with the Muck-rake,” he explains his thoughts and position on the pros and cons of muckrakers. Roosevelt demonstrates why the job of a muckraker is necessary in society, but also discusses how playing fast and loose with the facts can be an evil act that leads to damaged reputations and false misconducts. Through the use of metaphor, repetition, and enthymeme, he is able to convey to the audience exactly where he stands on the topic of investigative journalism.

The job of a journalist has always been highly scrutinized. For years, the question of what and how a journalist should deliver information has been analyzed. However, despite the many theories, it has always been a clear consensus that journalists have an obligation to truth above all. However, there are many cases where a journalist may not know how far to go in order to deliver that truth. Of course, a journalist must always operate within legal limits, however, again some cases have blurred lines. A case that demonstrates these blurred lines between the legal and illegal, as well as the need to deliver truth, is a case between the Rolling Stone and their use of illegal music links.

Being published in a Yale news column grants him instant credibility and ensures that the piece is likely to be of sound reason. By not making assumptions and providing sensible arguments for all of his assertions, he adds to his already strong credibility. Furthermore, he is well informed and argues against unethical practices, which in turn convinces the audience he is of strong moral character. The topic is a moral issue and Martin aligns himself with the ethical side of the argument which allows the audience to see him as a strong source and helps persuade the audience to believe

Currency acts as a store of value, a medium of exchange and a unit of account. Physical currencies are promissory notes payable to the bearer on demand. Digital currencies are internet-based form of currency. They represent both developments in payment systems and a new type of currency. Digital currencies, in hypothesis, serve as money, at present day they act as money to a small amount of individuals and institutions. It has been often questioned as whether the decentralised digital currency, such as Bitcoin and Litecoin, will emerge as the preferred method of payment for Internet Services or will remain a superficial payment method compared to well established existing payment systems.

First, if it's still an international concept for you, cryptocurrency is any of a number of digital money that can be made use of for online deals without intermediaries such as financial institutions. Without financial institutions, cryptocurrency can be traded and made use of for business between 2 or even more individuals without the oversight-- as well as expense-- of those intermediaries.

Nowadays, the Internet has implemented great impacts on people’s life, and it also has changed the business world significantly. In order for companies to cope up with the changing customer demands, they must adopt new technologies not only to support their business functions but also to reduce paper works, reduce costs, and provide better services. Bitcoin is a currency of the Internet, distributed, worldwide, decentralized digital money that be developed as a new payment method. In Australia, the regulator has defined Bitcoin as property instead of currency for accounting purposes (King, 2015 February). Although Bitcoins are not materially existed, it can be exchanged for goods and services at places that accept it, the same way you would give someone a dollar for a cookie.

Litecoin – is the second largest cryptocurrency in terms of capitalization in the market today. It reached a market cap of $1 billion by the end of the year, 2013. The litecoin was primarily created as an improvement to the Bitcoin, the market leader. Among the added features are - mining capabilities with the use of an ordinary desktop computer, faster processing time (2.5 minutes versus 10 minutes for Bitcoin), and a maximum limit (84 million versus 21 million) which is four times more than Bitcoin, its leading rival.

To start off primarily, Bitcoin is a digital currency as opposed to physical currency that we’re accustomed to and use in our daily life. Straight off their site, Bitcoin is described as a pseudo-anonymous, P2P technology operating with no central authority or banks, it’s open-source, public, owned by no one and open for everybody to take part; but what does that all mean? “Bitcoin is the leader in a new generation of emerging currencies known as “cryptocurrencies” which aim to, among other things, facilitate the movement of money electronically while still maintaining a sense of privacy,” (Hobson)