Digital Money – The Basics Of Cryptocurrency

Digital Money

Money is something that comes in a plethora of shapes and forms these. Electronic payment methods have recently surpassed the worldwide embrace of paper currency. Not only does this mean the spender no longer needs to carry money physically, but the simple ‘swipe to pay’ or ‘click here to pay’ methods are more accessible. However, there is an even newer player on the field. In an article on the website www.cointelegraph.com, the author points out another non-physical currency that is currently taking the world by storm – cryptocurrency.

Cryptocurrency is derived from the software cryptography that gives it its value. It uses a system of ledgers called a blockchain for distribution. Unlike physical currency that is specific to a region, easily counterfeited and prone to demonetization and devolvement, cryptocurrency is far more secure during payments, has a traceable source, is decentralized and private. Bitcoin was the first company to delve into the world of cryptocurrencies and create the interest and the crowd we see today in the field. By harnessing this technology, investors intend to build further upon the 400% gain they have achieved over the past year.

A great example of this type of investor interest is the profit that bitcoin experienced since its inception. Simply look at the price inflation of bitcoin over the years to understand the robust profits to be gained. If you, as an investor, had repurchased even a fractional of bitcoin during its inception when it was worth next to nothing, that initial investment would have grown astronomically now. To put it into perspective, if an investor repurchased US$5 worth cryptocurrency in 2010, it would currently be worth US$4.4 million, climbing nearly 60,000%. It is simply a matter of waiting for the right time to sell.

Investors, especially those new to the field, should remember that any type of cryptocurrency is a speculative investment. The price gains each currency experiences depends entirely on the willingness of their respective investors to wager on their value in the following years. However, cryptocurrency is not to be confused with stock and shares that companies want to sell. Cryptocurrency does not possess any rights of ownership right, produce any revenue or generate earnings to be distributed as dividends. In fact, they are more akin to a single value, tradable assets. In the forthcoming years, many experts believe that cryptocurrency will replace PayPal and other similar services.

Cryptography primarily focuses on the security of the information set between the parties involved, which theoretically makes it safer than any other form of information transfer. Cryptocurrency and the blockchain theory that provides a backbone for these assets pose a revolutionary take on currency like never before. Merging technology with currency has become an impact that could very well end online and offline transactions as we know it. Not only have investors wagered on the cryptocurrencies themselves, but also on the underlying technology that provides it with its inherent value, which includes the decentralized network and the cryptography itself. As a result of so little being known about the extent of cryptocurrency at this time, investors should speak with a financial advisor before purchasing any form of cryptocurrency.

7 Sure Signs Of Elderly Abuse

elder-abuse

One in every ten seniors are subjected to abuse in a nursing home, and these incidents go unreported due to fear or stigma attached. If you know of any older adult being subjected to harassment or exploitation, get in touch with Powers & Santola, LLP after you familiarize yourself with the laws at www.livelaw.in. There are interviews and top stories that will empower you with the knowledge relating to personal injuries law.

It is saddening to know that only 1 in every 14 cases is reported to authorities, as cited by sources at National Council on Aging (NCOA). If you thought a black eye and a broken arm were the signs of elderly abuse, you should look out for other subtle hints like broken bones, burns, bedsores and unusual weight loss.

Elderly care homes receive funds from the Center for Medicare and Medicaid (CMS) which has a prescribed set of rules for a nursing home to be recognized. Failure to meet the criteria or if the elderly care centers are found in violation of the law, they are subject to penalization.

Symptoms Of Elderly Abuse
Older people who stay with the victim may feel hesitant to report the problem, Keep your eyes open and look for these changes so you can ensure that your loved ones are safe.

Physical changes- It can be failing health, bad temper, poor hygiene, weakness or presence of bed sores on their body. These are clear signs that the person is neglected and must be reported immediately.

Sedated- How does your loved one respond when you visit them? Are they overjoyed to see you or are they unresponsive and inebriated? Ask them if there have been any changes in medication that has resulted in such a condition.

Shortage of staff- When you place an elderly in the hands of an assisted living, you are only hoping that the money you spent will be put to good use. The Higher staff-to-resident ratio can escalate the problem of elder abuse and neglect. If you notice that the staff members have diminished in number, get in touch with the concerned authority and raise an issue with them.

Poor hygiene- There is no reason or excuse for an assisted living center to be unsanitary as it can lead to infections among the residents.

Financial exploitation- Elder abuse does not necessarily mean physical injuries. An elderly are at an equal risk of being exploited financially by an overwhelmed caretaker. They might misuse the elder’s credit cards or checkbooks, steal cash or household goods, forge the signature for illegal reasons and commit identity theft.

Abuse from other residents- Due to lack of concern or inadequate staff, the residents of the elderly home can often cause physical injuries to others in the vicinity.

Casual approach from staff If there has been an instance of elderly abuse in the past and the staff has made no changes, you should report this to a personal injury lawyer or the state authorities. It is likely that the problem will aggravate and you should get legal help to avoid other complexities.