BITCOIN | The Enigma Variations Equivalent of Money
Happy New Year! Today, it is rare to be online and not come across terms like Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Cryptocurrency, Blockchain etc. But very few people know what those terms mean and what they imply for the future of technology, payments, security and investing. Our cover stories delve into among other things, the technical back end of cryptocurrencies, and the backbone of the entire system as well as recent trends in the virtual currency sphere.
The writers examine where this new world of invisible, unregulated cryptocurrencies is going in the future. Most frequently asked questions include: What is Bitcoin? Where did it come from? What can it do? Is it regulated/taxed etc? To give you a deeper understanding of cryptocurrencies and the entire technological, internetbased system behind them, the authors first clarify a few things; There are many cryptocurrencies, but the back end that supports them is the same; the blockchain. They say cryptocurrencies are a sub-set of virtual currencies, themselves a part of digital currencies. In the Economy segment, we bring you an interesting feature titled: is GDP a satisfactory measure of economic growth? The writer says that for more than half a century, the most widely accepted measure of a country’s economic progress has been changes in its Gross Domestic Product (GDP).
If ever there was a controversial icon from the statistics world, GDP is it. It measures income, but not equality, it measures growth, but not destruction, and it ignores values like social cohesion and the environment. Yet, governments, businesses and probably most people swear by it. Gross domestic product is the most widely cited economic indicator. As the old quip goes, we value what we measure. The author feels that the GDP does not adequately reflect the true health of a nation and needs to be replaced by more comprehensive measures.
Ever wondered why some employees despite their great work experience and knowledge, work just to get the ‘job done’? Or have you ever been in a job where you performed just at the expected level so that you could maintain that job and not get fired? Have you seen employees who seem to be very busy when the boss is around, yet immediately the boss leaves start complaining and expressing their frustration about what is really going on? These employees appear to be unhappy and will usually give minimal output, miss deadlines, and create a toxic working environment for the rest of their colleagues. Find out how you can handle such situations under the heading; the priceless benefits of employee engagement.