Scribd Logo
Upload

Welcome to Scribd!

  • 86 views

    Jan P 13 Final

    Uploaded by

    api-243101952

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Jan P 13 Final

    Uploaded by

    api-243101952
    86 views1 page

    Original Title

    jan p 13 final

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    86 views1 page

    Jan P 13 Final

    Uploaded by

    api-243101952

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Bitcoins: The Future of Online Spending?

    By Sami Von Gober


    Nowadays, a growing number of tasks
    are completed online from shopping, to
    paying bills, or watching cat videos on
    YouTube. The convenience factor plays
    a large role in the reason the majority of
    people prefer online shopping and bank-
    ing over traditional practices.
    As cases of hacking and identity theft
    become more prevalent in the digital
    world, many wonder if using credit cards
    to purchase services and objects online is
    safe anymore.
    In 2008, Satoshi Nakamoto, an
    enigmatical fgure whose true identity
    remains a secret, developed a proposal
    that would supposedly solve this issue,
    (along with many others,) and named his
    creation Bitcoin.
    The Bitcoin system is basically a
    peer-to-peer payment system of online
    currency; specifcally termed as cryp-
    tocurrency, because it utilizes cryptog-
    raphy, the art of writing and solving
    codes, to supervise the production and
    transfer of money.
    The worlds frst decentralized cryp-
    tocurrency without a central authority,
    Bitcoin, is essentially composed of three
    major components: balances, transactions,
    and processing.
    First, a payment is submitted from
    one Bitcoin wallet to another. Next,
    participants termed miners verify the
    transaction into a shared public database
    called a block chain. The frst miner that
    composes a cryptographic hash (simply
    an action that transforms a collection of
    data) is rewarded with 50 newly minted
    bitcoins that are then added to their own
    personal wallet.
    According to Timothy May, a retired
    Intel physicist, the Bitcoin system was
    designed to instate digital privacy and
    to alter the nature of corporations
    and of government interference in
    economic transactions.
    Similar to any economic system,
    bitcoins are only as valuable as people
    perceive them to be. As a result,
    Bitcoin creators are looking for the
    support of a variety of demographics,
    including teenagers.
    Bitcoins allow teens to acquire In-
    ternet purchasing power. As opposed to
    borrowing a parents credit card, parents
    can now send an allowance to their
    teens Bitcoin account.
    Other perks of Bitcoins
    include financial privacy, the
    promotion of money manage-
    ment, and opportunities that
    allow teens to interact in the
    marketplace economically.
    Bitcoins easy accessibility and
    fast exchange make them a viable
    payment option for well-established
    companies looking to increase their
    profts and overall market.
    Companies such as Overstock.
    com and US Hobby Arts & Crafts
    have embraced bitcoins with open
    arms, expanding buying options for
    bitcoin users.
    Other big buck companies
    jumping on the bitcoin bandwagon
    include, Nike, Target, and Walmart;
    allowing the purchase of material
    goods via gift cards.
    While the future of bitcoins
    remains a conundrum in itself,
    one thing is for sure: bitcoins
    have no chance of becoming a
    success without the support of
    the U.S. government.
    Courtesy of: TECHdotMN





    C
    u
    l
    t
    u
    r
    e

    J
    a
    n
    u
    a
    r
    y

    2
    0
    1
    4


    S
    o
    n
    o
    m
    a

    D
    r
    a
    g
    o
    n

    s

    T
    a
    l
    e
    13
    By Lindsey Rocha
    The first
    exclusive-
    to-seniors
    event of
    the year
    is fast
    approach-
    ing. Road
    to Reality,
    an event
    sponsored
    by So-
    roptimist
    Interna-
    tional of
    Sonoma
    Valley,
    is a fun event that teaches the senior
    class life skills that will help them
    move into adulthood.
    This annual event will take place on
    Feb. 6 at the Sonoma Veterans Memorial
    Hall. It is open to seniors at both SVHS
    and Creekside High School. It is expected
    to be a day flled with food, prizes, and
    valuable information that the seniors will
    use to guide them in making the right
    choices for their future.
    There will be a series of speakers,
    designed to inform the senior students
    about what should be expected in a world
    without their parents.
    This year, there will be more speakers
    than previous years to discuss topics such
    as, fnancing, passions, what to expect
    in adulthood, and plenty of other advice
    to help students planning on attending a
    four-year college or junior college.
    One of the fve speakers, James Berry,
    will be speaking about how social
    media and technology affect teens in
    growing up.
    This event has been planned all school
    year by a student committee of seniors,
    which includes: Lisa Barry, Itzel Mace-
    donio, Dante Monterosso, Jack Murphy,
    Oscar Ramirez, Lindsey Rocha and Tashi
    Sherpa. Mrs. Lisa Conner of the College
    and Career Center, and two representa-
    tives from the Soroptimist group also
    helped plan this years Road to Reality.
    The committee has determined all of the
    content, as well as the cool prizes.
    Artwork by:
    Chris Lohnes
    Just around the corner...
    Road to Reality

    You might also like