15 Years Ago, We Sequenced the Human Genome. Now We Can 3D Map It.

Researchers have figured out a way to map the human genome in three dimensions, using enzymes to calculate a gene's distance from a cell's nucleus.

THE NEXT STEP. In 2003, researchers sequenced the human genome for the first time, writing out all 3 billion of the DNA base pairs that dictate every aspect of our makeup. Now, a new team of researchers has figured out a way to create a 3D image of this valuable roadmap to human biology.

They published their research on Tuesday in the Journal of Cell Biology.

A BETTER MAP. After we sequenced the human genome, we had a (very) long list of letters. We knew about the double helix, and that every human cell contained this entire sequence of DNA in more or less this particular order, but we didn’t know much about the three-dimensional location of the DNA pairs — that is, where the various pairs in the double helix were located in relationship to the cell’s nuclear structures. That’s important, because it can tell us a lot about their function and activity.

That’s where this new study from the University of Illinois at Urbana-Champaign comes into play.

Those researchers developed a mapping technique they call tyramide signal amplification sequencing (TSA-Seq). Tyramide is a molecule that, once it’s released from a special enzyme placed around particular nuclear structures, tags any DNA it happens to be around. The closer a gene is to those particular structures, the stronger the signal from the tyramide label — the same way your clothes get more damp if you’re standing closer to a sprinkler.

LOCATION, LOCATION, LOCATION. The researchers tested TSA-Seq in leukemia cells in the lab (don’t worry, the cells weren’t alive). They figured out that genes closer to one kind of nuclear structure (nuclear speckles) were often more active than those closer to another (nuclear lamina).

We don’t actually know what nuclear speckles do, but we might be better equipped to figure that out now that we know they seem to play some sort of role in genetic activity.

“The logic of this nuclear organization remains to be determined, but our model would suggest that chromosome movements of just a few hundred nanometers could have substantial functional significance,” researcher Andrew Belmont said in a news release.

For now, the team plans to continue developing its TSA-Seq technique. Eventually, the researchers hope to map the 3D positions of genes in other types of cells, focusing on how the positions might change as the cells age or become diseased. The more we learn about the structure of the human genome, the better equipped we’ll be to eventually write a genome of our own.

READ MORE: Researchers Develop ‘Cytological Ruler’ to Build 3D Map of Human Genome [EurekAlert]

More on the human genome: Now That Scientists Can Read the Human Genome, They Want to Write One

The post 15 Years Ago, We Sequenced the Human Genome. Now We Can 3D Map It. appeared first on Futurism.

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15 Years Ago, We Sequenced the Human Genome. Now We Can 3D Map It.

Tesla’s Staying Public. Now The Stakes Are Even Higher.

In yet another blog post, Elon Musk elaborates on why he decided to keep Tesla public. But will he convince shareholders?

Electric car innovator Tesla will remain a public company, CEO Elon Musk announced late Friday in a blog post titled “Staying Public” published on Tesla’s website.

Why is it notable that things are staying the way they were? Well, if you recall, the company’s CEO Elon Musk has been stirring the Tesla pot lately. In a single tweet, Musk had people all over the world saying in dismay: Tesla is going private? How? And why now?

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

Musk has been raging a war against short-sellers — investors that make money when Tesla’s stock value dips. A way to shut them up? Take the company’s stock from open speculation and into private hands. And if Musk’s tweets were to be believed, it was basically a done deal.

Well, turns out that deal was not exactly done, the funding far from secured. The Saudi Arabian sovereign wealth funds Musk said he was talking to had “shown no interest” in buying out Tesla according to Reuters.

The following Securities and Exchange Commission (SEC) investigation didn’t help Elon’s cause, further jeopardizing the financial future of the company. If the SEC were to find that Musk made decisions without investors’ knowledge, the company could bar Musk from acting as CEO, or even pursue formal charges of fraud according to the New York Times.

Now, Musk has walked back on that whole privatizing thing. After consulting with Tesla’s Board of Directors and “current shareholders, large and small,” the post says, Musk decided it would be best to give privatization a rest. Turns out no one was all that into the idea to begin with. As Musk admits: “Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was ‘please don’t do this.'”

Surely, though, it wasn’t just because people didn’t like it that Musk reversed course. Could the SEC investigation have played a role? Was it the advice of equity firm Silver Lake, or investment juggernaut Goldman Sachs? Was it because the Tesla factory was literally on fire the day before Musk’s announcement?

Perhaps it was simply because Elon Musk didn’t think it all the way through or consider all the possible outcomes when he “considered” a private buyout. People close to Musk have said that he might have been “overly simplistic” in his thinking, the New York Times suggests.

So for now, Model 3 production and sustainable profits will take precedent over any plans to privatize the company. It means that Musk will have to contend with slow-moving shareholder decisions — and, yes, even the short-sellers — as the company works furiously to meet its ambitious production deadlines. Now, Musk and his team are working to meet them under even more scrutiny from regulators and from shareholders, and with more competition — the Saudi Public Investment Fund recently made what is likely a billion-dollar deal with Lucid Motors, another electric car company vying for the same milestones and clientele as Tesla.

Musk hasn’t given up the dream of privatizing Tesla. In fact, the whole back and forth about privatizing Tesla seems to have reassured him that “there is more than enough funding to take Tesla private,” he writes in the blog post (though who exactly would be paying for that remains unclear).

More on Tesla and the future of electric vehicles: Electric Cars Are Too Important For Elon Musk to Put at Risk

The post Tesla’s Staying Public. Now The Stakes Are Even Higher. appeared first on Futurism.

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First Amendment Foundation

The First Amendment Foundation is a highly visible and accessible source of authoritative information, expertise and assistance to the public and news media.Founded as a non-profit organization in 1984 by The Florida Press Association, the Florida Society of Newspapers Editors and the Florida Association of Broadcasters to ensure that public commitment and progress in the areas of free speech, free press, and open government do not become checked and diluted during Floridas changing times.

Floridas Sunshine Laws guarantee our right to open government, but government officials can get downright creative to keep their decision-making in the dark. Like the state agency that demanded $3,200 to copy a single page of a public record, or the city commissioner who accidentally dropped her government phone in the toilet after a reporter asked her to see her text messages. And of course, you, the taxpayer footed the $1.3 million legal tab to keep our Governor and his cabinet out of court over secret emails. Fortunately, we have the Florida First Amendment Foundation fighting on our side. I urge you to support the First Amendment Foundation and keep Florida government by the people, for the people and in the Sunshine.

Carl Hiaasen, Miami Herald columnist and author ofSkin Tight,Strip Tease, Skinny Dip, Nature Girl, Star Island,Bad Monkey, Razor Girl and many more.

Thepurpose of the First Amendment Foundation is to protect and advance the publics constitutional right to open government by providing education and training, legal aid and information services. Funding is based on voluntary contributions from various organizations and concerned individuals.

You know, the critical research of my book would not have been possible without access granted by law via Floridas longstanding Open Government laws. Without Sunshine, stories like the injustice I uncovered in Central Florida could not have come forward. The Florida First Amendment Foundation has been protecting your citizen right to know for the past 31 years. Support the First Amendment Foundation. Support Open Government. It pays dividends.

Gilbert King, February 2016. Pulitzer Prize winning author of Devil in the Grove Devil in the Grove: Thurgood Marshall, the Groveland Boys, and the Dawn of a New America

Our actions get results. In the past year, we led a broad coalition of open government advocates anddefeated a billthat would have made it harder to hold agencies accountable for public records violations. In dozens of courthouses and government offices around the country, citizens with FAFs help won access to the recordsand meetings.

Still,our job has never been more challenging and,with your help, we will continue to fight efforts to erode Floridas long-standing tradition of open government.

Find out more about the First Amendment Foundation.

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John McAfee: I keep a gun in my hand while showering, sitting …

John McAfee, who made a fortune developing antivirus software, revealed on Twitter that he is always armed to the teeth, even in bed.

John McAfee, who made a fortune developing antivirus software, revealed on Twitter that he is always armed to the teeth, even in bed.

A deceptively tranquil view in front of John McAfee's former compound in Belize. Photo: Martin Savidge/CNN via McAfee Security UK.org.

A deceptively tranquil view in front of John McAfee's former compound in Belize. Photo: Martin Savidge/CNN via McAfee Security UK.org.

Photo: Todd J. Van Emst, Associated Press

John McAfee, who made a fortune developing antivirus software, revealed on Twitter that he is always armed to the teeth, even in bed.

John McAfee, who made a fortune developing antivirus software, revealed on Twitter that he is always armed to the teeth, even in bed.

John McAfee: I keep a gun in my hand while showering, sitting on toilet

John McAfeewants you to know that he never goes anywhere unarmed.

The controversial tech mogul, who claims to have been targeted by numerous bad actors in the past, is protected around the clock by his own security team, but should they be comprised, he'd be more than ready.

In a Twitter post this week, he revealed just how ready.

His sidearm never leaves his hand, he wrote.

Not when he sleeps. Not in the shower. Not when he's sitting on the toilet. Not even when he makes love.

"Puts a kink in foreplay but some women love it."

My sidearm is with me 24/7. More: my sidearm is ALWAYS in my hand when I'm on the toilet, sleeping and making love. Puts a kink in foreplay but some women love it. Accidental discharge? No. Some intentional when idiots tried to rush me. 2 women spontaneously orgasmed. Go figure. pic.twitter.com/LuLvdSuMka

And in a follow-up tweet, he shared that the Glock in the photo was just part of his on-person arsenal:

"I carry three sidearms. Hip, shoulder, ankle," he said.

Why pack so much firepower? Well, because a lot folks are out to get him, he says the U.S. government, violent cartels, corrupt Belizean officials, food poisoners and "six women" who tried to shoot him.

In the last few months, the cybersecurity pioneer and cryptocurrency evangelist has claimed to be on the run from Securities and Exchange Commission, which forced him into hiding. His life was in danger, he said.

Then again, it always seems to be in danger.

Irrational??? Google me. On the run in the Belizean jungle for weeks while 17,000 armed men were trying to kill me. Assistant Prime Minister of Belize hired hitman Eddie McKoy to kill me. Five failed attempts by the Sinaloa Cartel. 6 different women tried to shoot me. Google me.

In June, he was hospitalized. A photo showed him lying in bed with tubes sprouting out of his body. Something he ate, drank or inhaled was spiked with poison by "incompetent enemies," he said.

He has previously maintained that violent cartels have attempted to kidnap him on several occasions over the last few years, most recently in September. The cartels want to abduct him, he said, because of his connection to the murder of his neighbor in Belize in 2012. (He was a "person of interest" in the investigation.)

When he escaped from Belize to Guatemala, he says he was chased through the jungle by "17,000 armed men."

It's worth noting that the entire armed forces of Belize number 2,100 personnel.

Naturally, McAfee's tweets prompted a flurry of comments. Here are a few:

Disagree. The Remington 870 SP Marine Magnum is peak shower performance. pic.twitter.com/uB06QwQdNt

Gonna shoot him through Twitter?

My wife always says accidental discharge doesnt matter and it happens to everyone

Thank you for your support:)

Only six women have tried to shoot you???!!!!

we are truly blessed to live in the timeline where McAfee turned into a Cyberpunk 2020 character

---

Read Mike Moffitt's latest stories and send him news tips atmmoffitt@sfchronicle.com.

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The Dr. John T. Macdonald Foundation Department of Human …

Our mission is to become a world renowned Center of Excellence in the areas of human genetics, genomic research and clinical genomic medicine. Using clinically advanced technology, state-of-the-art equipment and highly trained professionals, we aim to uncover the genetic contributions to disease, apply our findings to better patient care, and educate the geneticists and genomicists of tomorrow.

Established through the generous support of the Dr. John T. Macdonald Foundation, we are committed to the identification of genes and gene networks that cause diseases. We are in an extraordinary period of growth, especially since the completion of the Human Genome Project in 2003. Our recognition spans far beyond traditional single-gene disorders such as sickle cell anemia and cystic fibrosis, and now encompasses knowledge associated with complex conditions such as autism, Alzheimer disease and Parkinson disease.

Like the field of Human Genetics, the University of Miami Miller School of Medicine is undergoing a period of dynamic expansion. Our vision is to manage a state-of-the-art department that will identify disease-causing genes and networks of genes, investigate possible treatments, and redefine our understanding of medicine in the 21st century. We are in an extraordinary period of growth that will position the University of Miami Miller School of Medicine as the leader in genetics and genomics research, education and service in South Florida. Thank you for visiting!

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Cryptocurrency investment in SMSF – hallandwilcox.com.au

The emergence of cryptocurrencies into the mainstream discussion of financial investment has seen an increasing number of our clients considering whether cryptocurrencies, such as Bitcoin, may be acquired by their self-managed super fund (SMSF).

Cryptocurrencies are based on blockchain technology. Blockchain, in simple terms, is technology that allows records of truth without the need for a trusted intermediary, such as a bank. This allows information to be recorded on ledgersand verified through different users on the blockchain. This technology can be used to support cryptocurrencies, which function through blockchain systems and are similar to a digital currency.

The appeal of cryptocurrencies has a nexus with blockchain technology, as they theoretically have the potential to provide a decentralised currency that can be used as a replacement for or addition to current global currencies. This has driven interest in cryptocurrency investment and has created the need for new regulation of cryptocurrencies in Australia.

You can read more here.

The increasing number of investors into the cryptocurrency market in Australia is problematic for superannuation fund regulators, who now must determine how to monitor and regulate Australians who are keen to diversify their SMSF through cryptocurrencies.

The rules applied to traditional SMSF investment also apply to cryptocurrencies, with regulators focusing on whether SMSFs are providing a genuine retirement-directed investment. In determining whether SMSFs may be able to invest in cryptocurrencies, the Australian Taxation Office (ATO) will focus on two limbs:

The sole purpose test requires that a SMSF is maintained for the purpose of providing a retirement benefit for members. This limb can be satisfied where it can be shown that the individuals associated with the SMSF are not receiving any present day benefits, such as rebates or commissions, in relation to the investment.

Further, it is critical that the SMSFs cryptocurrency is held securely in a public IP address, and that evidence is maintained to show that the cryptocurrency belongs to the fund (and not to the individual who may be the registered owner).

This limits which cryptocurrencies can attract SMSF investment, with Australians opting to use more transparent currencies such as Bitcoin and Ethereum to avoid any issues of establishing currency ownership for audit purposes.

A significant issue facing crypto-investors is the high risk nature of cryptocurrencies, as SMSF trustees are required to exercise due diligence in relation to all investments made under the SMSF. Further, investment in crypto-currencies must be contemplated under the investment strategy of the fund, and perhaps under the trust deed (where that is prescriptive as to investments open to the fund).

It seems likely that SMSF investors incorporating cryptocurrencies into their investments have used cryptocurrencies to diversify their investments, rather than solely invest in cryptocurrency. It is difficult to see that a strategy allowing the whole or a substantial part of a funds assets to be invested in cryptocurrencies would be available to a prudent superannuation fund trustee.

Conclusion

The emergence of cryptocurrencies as a genuine financial investment has created new obstacles for SMSF regulators and investors alike, who now must navigate a volatile frontier of high risk investment and limited regulation.

The Government will inevitably provide further guidance regarding the regulation of cryptocurrencies, but until then, investors are faced with the challenge of investing in a financial asset that is not comprehensively regulated under the current legislation.

As it stands, Australians eager to diversify their SMSF with cryptocurrencies are able to do so, provided certain conditions are met. With the Government yet to provide any substantial guidance through regulation, this will be a space to watch.

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Cryptocurrency investment in SMSF - hallandwilcox.com.au

cryptocurrency Archives – Page 6 of 6 – The Industry Spread

One of the biggest debates in trading is whether or not cryptocurrencies are in a bubble.

A look at history provides guidance in the current debate.

In the late 1990s, when a similar debate was raging over the potential bubble of internet stocks, a business article quoted an elderly couple whod quit their jobs to day trade.

P/Es [price to earnings ratios] dont matter, the wife was quoted as saying. And she was not alone in her view of the market.

During the late 1990s, EBAY traded at P/E ratios of several thousand; AOL traded at the relatively modest P/Es of a few hundred.

Those were the exceptions since most internet stocks were losing money and had no P/E.

P/E ratios measure currentshareprice relative to per-share earnings.

The current P/E ratio of the S&P 500 is approximately 25.

Back in the 90s, when Warren Buffett refused to invest in internet stocks because of the difficulty in valuing them, he was accused of being a dinosaur.

During the dotcom bubble, even the now venerable Amazon was mocked by traders saying, They lose $5 per book but theyll make it up in volume.

While Amazon turned the corner and then some thousands of companies used the same model to extinction.

Bill Gates started Microsoft in 1973; the company went public in 1986, and this was after nearly a decade of increasing profits. At the time, such a trajectory was required before approval to go public was granted.

In the late 1990s, all you needed to go public was a dot com at the end of your name. Barely established companies many less than three years old with little or no revenue, routinely went public.

In 20/20 hindsight its blindingly obvious, but at the time, when traders believe P/Es no longer matter, when companies go public on the strength of their dot coms, and when the advice of a legendary investor is ignored because it challenged the status quo, youre in a bubble.

All of this, mind you, was a matter of public record: P/Es are found right next to the stock price; all public companies provide extensive financial records; and Buffets comments were broadcast widely (but simply ignored by most traders).

The internet was in a bubble; all it took was for someone to be honest with themselves to recognize it.

Starting in 2003, and continuing for the next half decade, property values in most major American urban areas routinely increased 10-20% every six months. This often happened without any new construction in the area. The same property with the same properties around it would increase in value fueled by nothing more than perception.

The more real estate prices increased; the more desperate people became to buy real estate new buyers and those who already owned property.

The whole thing was fueled by irresponsible loans. Business reporters were well aware of liar loans.

Liar loans is a slang term for stated income loans. These were loans granted on the strength of a borrowers stated income without the necessary documents to prove it.

Theres only one reason why someone would state an income without verifying it: it is not their real income.

If nothing more than perception is increasing real estate values by unsustainable amounts, and this is all fueled by fraudulent loans, youre in a bubble.

In the late 1990s, you could hardly go to a party without someone regaling you with tales of the killings theyd made on the latest hot internet stock. In 2003 and beyond, the same could be said of the latest real estate deal. Though I wasnt around at the time, society parties in the roaring 1920s were likely filled with stories of the latest score on the stock market.

In all three cases, internet stocks, real estate, and stocks became a fad or an intense and widely shared enthusiasm for something, especially one that is short-lived and without basis in the objects qualities.

The best example of this comes from the so-called tulip mania, one of the first recorded speculative bubbles in history. Tulip mania was repeatedly referred to by Gordon Gekko in the 2010 movie Wall Street: Money Never Sleeps.

Suddenly, and without any good reason, in 1636 tulip prices in Europe increased exponentially before crashing spectacularly in 1637.

In the late 1990s, the answer to most concerns about internet stocks was that the internet was so powerful it would change the paradigm. Companies could justify exorbitant P/Es because the internet was going to allow them to grow at multiples wed never seen before; at least thats what the bubble participants kept repeating.

At one time, approximately one hundred automobile makers manufactured cars, most setting up shop in Detroit.

Today, three Chrysler, General Motors and Ford have survived. A few of the others were swallowed up by one of these three, but most faded into the dustbin of history as failed enterprises.

No one would disagree that automobiles and the internet have changed the world in profound ways, but this does not mean that each industry was not susceptible to a bubble.

While the jury is still out on cryptocurrency, it too may very well change the course of human history, but its still susceptible to a bubble.

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cryptocurrency Archives - Page 6 of 6 - The Industry Spread

cryptocurrency coins Archives – The Industry Spread

Vela, the global leader in providing trading technology and market access technology software has partnered with worlds leading and trusted brand in the cryptocurrency space, CoinMarketCap. The partnership agreement with CoinMarketCap will allow Vela to add coverage of cryptocurrencies for its Market Data Feed service, SuperFeed.

The partnership will provide Velas institutional client base with a more widespread coverage of more than 1800 cryptocurrency coins and tokens that are supported by coinmarketcap. The CoinMarketcaps professional API will be integrated into Velas streaming market data feed, SupeFeed. It will enable broker-dealers, banks and other retail firms access to real-time and accurate cryptocurrency data alongside more traditional market data sources.

CoinMarketCap offers a wide range of specialised data on their website, delivering real-time and accurate coverage for both individuals and retailers. Now with this partnership, it can tap more individual data sources for most accurate data that are essential for backtesting cryptocurrency portfolio strategies.

Velas SuperFeed offers unmatched performances and users can rely on this board for all its trading purposes. It offers users with low-latency, normalized data without the need for any client infrastructure, optimized performances, and reliable market data feed. In addition to cryptocurrencies, it also covers more than 100 market data sources already available on SuperFeed including all major US and European markets and a growing range of Asian markets.

Jennifer Nayar, Chief Executive Officer at Vela

Jen Nayar, CEO at Vela commented:

We are very excited to be partnering with CoinMarketCap to provide our institutional clients with enterprise-grade access to the leading, independent source of cryptocurrency data. With crypto being one of the biggest disruptors in our space today, this agreement fortifies Velas entry into this innovative digital currency sector. We look forward to working with CoinMarketCap to deliver their world-leading cryptocurrency data to our institutional audience.

Brandon Chez, founder of CoinMarketCap said:

With our goal to remain the most trusted and accurate source of data for the cryptocurrency community, we are pleased to be partnering with Vela, a well-respected and independent technology leader in trading and market access. Adding, Together, we are able to extend our reach to major banks, broker-dealers, and institutional firms so that they can access our information directly.

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cryptocurrency coins Archives - The Industry Spread

Cryptocurrency: The unlucky investors who got in at the wrong …

"What the average Joe hears is how friends lost fortunes," said Alex Kruger, a former banker who has been trading in the cryptocurrency markets for some time. "Irrational exuberance leads to financial overhang and slows progress."

It is hard to know how many cryptocurrency investors are now in the red, with holdings worth less than the money they put in. Many who have lost money in recent months had gotten into the markets before the big run-up last year and their holdings are still worth more than their initial investments.

But by many metrics, more people put money into virtual currencies last fall and winter than in all of the preceding nine or so years. Coinbase, the largest cryptocurrency brokerage in the United States, doubled its number of customers between October and March. The startup Square began allowing the users of its mobile app, Square Cash, to buy bitcoin last November.

Almost all of the new customers on Coinbase and Square would be in the red if they bought cryptocurrencies at almost any point over the last nine months and held on to them.

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The damage is likely to be particularly bad in places like South Korea and Japan, where there was minimal cryptocurrency activity before last year, and where ordinary investors with little expertise jumped in with abandon.

In South Korea, the biggest exchanges opened storefronts to make investment easier for people who did not feel comfortable doing it online. The offices of one big exchange, Coinone, had just one customer walk in during a two-hour period in the middle of the day last week. An employee, Yu Ji-Hoon, said, "The prices of the digital tokens have fallen so much that people seem to feel upset."

Kim Hyon-jeong, a 45-year-old teacher and mother of one who lives on the outskirts of Seoul, said she put about 100 million won, or $US90,000, into cryptocurrencies last fall. She drew on savings, an insurance policy and a $US25,000 loan. Her investments are now down about 90 per cent.

"I thought that cryptocurrencies would be the one and only breakthrough for ordinary hardworking people like us," she said. "I thought my family and I could escape hardship and live more comfortably but it turned out to be the other way around."

Bitcoin has dropped more than 50 per cent since the start of 2018.

In the United States, Charles Herman, a 29-year-old small business owner in Charleston, South Carolina, became obsessed with virtual currencies in September. He said he now felt that he had wasted 10 months of his life trying to play the markets.

While he is essentially back to the $US4000 he put in, he has soured on the revolutionary promises that virtual currency fanatics made for the technology last year and has resumed investing his money in real estate.

"I guess I thought we were 'sticking it to the man' when I got on board," Herman said. "But I think 'the man' had already caught on and had an exit strategy."

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Much of the anger that investors feel is toward the smaller virtual currencies, or alt coins, that entrepreneurs sold in so-called initial coin offerings. These coins were supposed to serve as payment mechanisms for new software the entrepreneurs were building.

But almost none of these companies have delivered the software they promised, leaving the tokens useless, except as speculative assets. Several coins have been exposed as outright scams.

"I think I'd like to see most alts go to zero before I feel like the whole space isn't overpriced," Herman said.

Bitcoin has generally held on better with investors. It is down about 70 per cent from all-time highs, rather than the 90 per cent losses that lesser-known digital tokens have suffered. But it, too, has struggled to win much use beyond speculative investments.

"We also saw that bitcoin isn't ready for mass adoption and day-to-day use," Herman said.

Despite this pessimism, the social networks where cryptocurrency fanatics gather to trade information are full of people talking about their intention to hold on to their coins in the hope that they will recover once the technology has time to catch up with the hype.

Tony Yoo, 26, a financial analyst in Los Angeles, invested more than $US100,000 of his savings last fall. At their lowest point, his holdings dropped almost 70 per cent in value.

But Yoo is still a big believer in the idea that these tokens can provide a new way to transact online, without the big corporate middlemen we rely on today. Many of the groups that raised money last year are still working on the products they promised, with lots of serious engineers drawn to the projects.

"There's just so much more behind this new wave of technology and innovation that I'm sure will take over our society in due time," Yoo said.

With prices down so much, he said he was actually looking to put more money into the markets.

That thinking has been encouraged by the people who invested in bitcoin in 2013, when it first topped $US1,000. That bull market was followed by a crash in which the price of bitcoin dropped more than 80 per cent. But after a long fallow period, the price recovered. Even with recent losses, the value of one bitcoin is hovering around $US6500 up more than 500 per cent from the peak of 2013.

"Five years ago, I was broke, unemployed, and ashamed to use my real name," Ryan Selkis, a popular virtual currency personality, wrote on Twitter last week.

"For the new fanatics, stick around for your own 14 month, 85% downdraft and you'll not regret it."

Twitter is also filled with complaints, like the one from a user named @Notsofrugaljoey, who wrote: "It's really hard to stomach losing all my hard earned money. Just broke down and cried."

On Reddit, a user in the United Arab Emirates posted a picture of the $US100,000 loan he had taken out in December to buy cryptocurrencies and that he will now be paying back out of his salary for the next three years.

Roberts, the British investor who has seen most of his $US23,000 vanish, is holding onto his coins in case they turn around. But for now he has stopped trading and is looking for another job.

"I'm living off the little savings I have left still in my bank account," Roberts said. "I've made a mistake and now I'm going to have to unfortunately pay the cost for the next few years."

The New York Times

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Cryptocurrency: The unlucky investors who got in at the wrong ...

After the Bitcoin Boom: Hard Lessons for Cryptocurrency …

SAN FRANCISCO Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter.

Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened.

I got too caught up in the fear of missing out and trying to make a quick buck, he said last week. The losses have pretty much left me financially ruined.

Mr. Roberts, 28, has a lot of company. After the latest round of big price drops, many cryptocurrencies have given back all of the enormous gains they experienced last winter. The value of all outstanding digital tokens has fallen by about $600 billion, or 75 percent, since the peak in January, according to data from the website coinmarketcap.com.

The virtual currency markets have been through booms and busts before and recovered to boom again. But this bust could have a more lasting impact on the technologys adoption because of the sheer number of ordinary people who invested in digital tokens over the last year, and who are likely to associate cryptocurrencies with financial ruin for a very long time.

What the average Joe hears is how friends lost fortunes, said Alex Kruger, a former banker who has been trading in the cryptocurrency markets for some time. Irrational exuberance leads to financial overhang and slows progress.

It is hard to know how many cryptocurrency investors are now in the red, with holdings worth less than the money they put in. Many who have lost money in recent months had gotten into the markets before the big run-up last year, and their holdings are still worth more than their initial investments.

But by many metrics, more people put money into virtual currencies last fall and winter than in all of the preceding nine or so years. Coinbase, the largest cryptocurrency brokerage in the United States, doubled its number of customers between October and March. The start-up Square began allowing the users of its mobile app, Square Cash, to buy Bitcoin last November.

Almost all of the new customers on Coinbase and Square would be in the red if they bought cryptocurrencies at almost any point over the last nine months and held on to them.

The damage is likely to be particularly bad in places like South Korea and Japan, where there was minimal cryptocurrency activity before last year, and where ordinary investors with little expertise jumped in with abandon.

In South Korea, the biggest exchanges opened storefronts to make investment easier for people who didnt feel comfortable doing it online. The offices of one big exchange, Coinone, had just one customer walk in during a two-hour period in the middle of the day last week. An employee, Yu Ji-Hoon, said, The prices of the digital tokens have fallen so much that people seem to feel upset.

Kim Hyon-jeong, a 45-year-old teacher and mother of one who lives on the outskirts of Seoul, said she put about 100 million won, or $90,000, into cryptocurrencies last fall. She drew on savings, an insurance policy and a $25,000 loan. Her investments are now down about 90 percent.

I thought that cryptocurrencies would be the one and only breakthrough for ordinary hardworking people like us, she said. I thought my family and I could escape hardship and live more comfortably, but it turned out to be the other way around.

In the United States, Charles Herman, a 29-year-old small-business owner in Charleston, S.C., became obsessed with virtual currencies in September. He said he now felt that he had wasted 10 months of his life trying to play the markets.

While he is essentially back to the $4,000 he put in, he has soured on the revolutionary promises that virtual currency fanatics made for the technology last year and has resumed investing his money in real estate.

I guess I thought we were sticking it to the man when I got on board, Mr. Herman said. But I think the man had already caught on, and had an exit strategy.

Much of the anger that investors feel is toward the smaller virtual currencies, or alt coins, that entrepreneurs sold in so-called initial coin offerings. These coins were supposed to serve as payment mechanisms for new software the entrepreneurs were building.

But almost none of these companies have delivered the software they promised, leaving the tokens useless, except as speculative assets. Several coins have been exposed as outright scams.

I think Id like to see most alts go to zero before I feel like the whole space isnt overpriced, Mr. Herman said.

Bitcoin has generally held on better with investors. It is down about 70 percent from all-time highs, rather than the 90-percent losses that lesser-known digital tokens have suffered. But it, too, has struggled to win much use beyond speculative investments.

We also saw that Bitcoin isnt ready for mass adoption and day-to-day use, Mr. Herman said.

Despite this pessimism, the social networks where cryptocurrency fanatics gather to trade information are full of people talking about their intention to hold on to their coins, in the hope that they will recover once the technology has time to catch up with the hype.

Tony Yoo, 26, a financial analyst in Los Angeles, invested more than $100,000 of his savings last fall. At their lowest point, his holdings dropped almost 70 percent in value.

But Mr. Yoo is still a big believer in the idea that these tokens can provide a new way to transact online, without the big corporate middlemen we rely on today. Many of the groups that raised money last year are still working on the products they promised, with lots of serious engineers drawn to the projects.

Theres just so much more behind this new wave of technology and innovation that Im sure will take over our society in due time, Mr. Yoo said.

With prices down so much, he said he was actually looking to put more money into the markets.

That thinking has been encouraged by the people who invested in Bitcoin in 2013, when it first topped $1,000. That bull market was followed by a crash in which the price of Bitcoin dropped more than 80 percent. But after a long fallow period, the price recovered. Even with recent losses, the value of one Bitcoin was hovering around $6,300 on Monday up more than 500 percent from the peak of 2013.

Five years ago, I was broke, unemployed, and ashamed to use my real name, Ryan Selkis, a popular virtual currency personality, wrote on Twitter last week. For the new fanatics, stick around for your own 14 month, 85% downdraft and youll not regret it.

Twitter is also filled with complaints, like the one from a user named @Notsofrugaljoey, who wrote: Its really hard to stomach losing all my hard earned money. Just broke down and cried.

On Reddit, a user in the United Arab Emirates posted a picture of the $100,000 loan that he had taken out in December to buy cryptocurrencies and that he will now be paying back out of his salary for the next three years.

Mr. Roberts, the British investor who has seen most of his $23,000 vanish, is holding on to his coins in case they turn around. But for now he has stopped trading and is looking for another job.

Im living off the little savings I have left still in my bank account, Mr. Roberts said. Ive made a mistake, and now Im going to have to unfortunately pay the cost for the next few years.

Follow Nathaniel Popper and Su-Hyun Lee on Twitter: @nathanielpopper and @esuhyuni.

Nathaniel Popper reported from San Francisco, and Su-Hyun Lee reported from Seoul, South Korea.

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After the Bitcoin Boom: Hard Lessons for Cryptocurrency ...

What Every Investor Should Know Before Buying Cryptocurrency …

by Mary Ann Callahan

If you are here, then you have probably grown curious enough to find out more about the next big investment opportunity everyone has been screaming about. Techies call cryptocurrency the money of the future or digital gold, and skeptics refer to it as a bubble that will burst anytime soon or the biggest digital scam ever.

Needless to say, beyond the initial noise that surrounded the global rise of cryptocurrencies, there seems to be a growing interest and increasing curiosity about the potentials of these digital coins. New investors are attracted by the fact that cryptocurrency has managed to turn many who have been bold enough to put in their money into billionaires. This has raised a nagging question of what cryptocurrency is and what exactly you need to know before investing.

In clear and simple terms, cryptocurrency refers to digital money. Now, there are a lot of technical jargon and complex explanations that will be thrown at you if you seek a deeper knowledge into the origin and how crypto coins came to be.

So, well skip the part about the technology behind it and simply state that the first cryptocurrency which is Bitcoin was the product of Satoshi Nakamotos attempt to create a peer-to-peer electronic cash system. A genius creation, all the same, functions on blockchain technology and is completely decentralized, which means it is independent of banks, governments, and other institutions. Cryptocurrencies are also independent of any form of physical asset backing.

To buy or sell Bitcoin or any other cryptocurrency, you need to sign up for an exchange platform and begin trading. There are a number of options available to you if you decide to get in on the trade with cryptocurrency, be the market leader Bitcoin or any prominent altcoin. Still, each coin has its own specific value and dynamics, which you must understand before investing.

Asides the obvious fact that Bitcoin and other digital coins are hugely profitable, there are a lot of advantages that you stand to benefit from in buying cryptocurrencies over holding traditional assets and physical cash.

Stability: many people have probably told you about the highly volatile nature of cryptocurrencies, how they can be sky-high today and plummet to a disappointing low tomorrow. To be fair, they are right in their assessment, and its a known fact that digital coins are quite volatile. But, in the long run, having cryptocurrencies as a global store of value offers an advantage to people who live in regions with less monetary and political stability. The fact that cryptocurrencies are decentralized means the value of your investment is independent of the political and economic situation of any country. It is a world currency of some sort, and its value is universal, making it an excellent choice for investors whose traditional currency is quite unstable.

Anonymity: cryptocurrency offers a way to carry out transactions without leaving any digital or physical footprint. Transactions with digital coins are encrypted, which is the direct opposite of what operates with normal cash or credit card transactions. This eliminates the risk of frauds in form of counterfeit cheques and other illegalities that commonly plague regular transactions, as well as security challenges such as hacks, which can lead to huge losses.

Universally acceptable: as mentioned earlier, a decentralized system independent of political control means cryptocurrencies can be used globally without restrictions. Thus you can buy cryptocurrencies and hold them no matter where you are as long as you have access to the internet. With a global increase in the general acceptability of Bitcoin, some even foresee its potential to replace regular money in the near future and become a much more global form of exchange. However, this also leads to governments paying more attention to cryptocurrency regulation.

The answer to that question depends pretty much on your own view. Undeniable is the fact that cryptocurrencies are great investment options with huge potential for returns on investment. But whether you gain or lose when buying and selling digital coins depends on various factors, just like every other profitable business out there. The volatility of the coin makes it a lot easier to make huge profits but equally makes losing all your investment quite possible.

Trading cryptocurrencies and making profit from it isnt an automatic get-rich-quick scheme. There is a need to take your time to learn the process and understand how it works. Whether you decide to put your money in it at the end or not, should depend on your confidence in your ability to make it work more than anything else.

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What Every Investor Should Know Before Buying Cryptocurrency ...

Courses | Cryptocurrency Australia

Learn the fundamentals of investing in crypto

If you have toyed with the idea of utilising blockchain technology to dabble in cryptocurrencies, whats holding you back? If its lack of knowledge, there are plenty of resources out there that will purport to help. But theres only one that will give you the edge Cryptocurrency Investment Fundamentals.

Written by Australian innovator and cryptocurrency entrepeneur Beau Stoner, it is the go-to online course for anyone serious about exploring crypto investment opportunities. You dont have to be a tech genius to navigate this easy-to-follow tutorial. It will talk you through Bitcoin, Ethereum, Bitcoin Cash and Ripple as well as the Blockchain revolution behind them. A global YouTube sensation in cryptocurrency, Beau Stoner is an experienced Bitcoin investor.

He developed one of the worlds highest-rated cryptocurrency courses after attracting a global online following. Hosted by Udemy.com, Cryptocurrency Investment Fundamentals is rated 4.9 stars out of 5 making it the market-leading course for anyone interested in cryptocurrencies and crypto assets. With 471 ratings, this rich vein of information is the perfect starting block for anyone keen to learn more.

There are lots of reasons why people invest in cryptocurrencies without first assessing the risks. Some are attracted to Bitcoin because it restores anonymity lost through increased use of debit and credit cards. Its also a great alternative to traditional currencies because transactions are instant. Others see it as a get-rich-quick scheme. But to truly benefit from crypto, you have to understand how it works.

As Beau, founder of Cryptocurrency Australia, is keen to point out:

To avoid the most common pitfalls, you need to know the fundamentals first. I developed my course to teach potential investors about the risks as well as the benefits.

Cryptocurrency Investment Fundamentals explains in plain language how cryptocurrency exchanges work, how to set up an account and, importantly, how to negotiate Australian regulations. Many people go into cryptocurrency blind. They dont understand anti money laundering laws or know their obligations and rights as a consumer.

Cryptocurrency Investment Fundamentals will teach you how to buy and sell cryptocurrencies. It will show you how to store alternative currencies and use digital wallets. That is not all. This vital resource will also help you look after your online investments.

Beau says;

The internet is a virtual shark tank. There are any number of scams targeting cryptocurrency investors. Add to that the ever-present threats of hacks, phishing and pump and dumps, and you will understand the need to fully understand the crypto landscape before you invest.

Getting in quick is key to making a killing in cryptocurrencies. That is why Cryptocurrency Investment Fundamentals shows you how to identify a savvy investment. It will also teach you how to use key investment strategies to see the best returns. The motivational course is also designed to help you understand Australian-specific cryptocurrency tax and superannuation regulations.

The nine-segment training package, delivered in a chapter-style format, also offers information on how to find resources that will further increase your knowledge on investment fundamentals. It will even point you in the direction of thriving cryptocurrency communities.

If you are interested in cryptocurrencies, learn the basics before you invest. Beau says: I specifically developed this course to help students learn all about the fundamentals of cryptocurrencies, which is absolutely essential. Hundreds of hours of research have gone into the course to give students the absolute best introduction to cryptocurrencies and foundational blockchain technology.

Almost one thousand people have already studied Beau Stoners ground-breaking crypto course. Discover what it can do for your crypto investment opportunities today.

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Courses | Cryptocurrency Australia

How To Choose The Best Cryptocurrency Wallet – Crypto News AU

Cryptocurrency is a common phrase in the tech world. Even though it has attracted thousands of subscribers, some arent aware of what a cryptocurrency wallet is.

Cryptocurrency wallet is software where you store your digital currency. The difference between losing your currency and safeguarding it depends upon the type of wallet you use. There are several types of cryptocurrency wallets. There are web-based services, offline services, and app-based services.

What is a Cryptocurrency Wallet and what are the Best Wallets?

A cryptocurrency wallet is a software you use to send and receive cryptocurrency tokens. These wallets let you check your balance of different coins.

Blockchain works uniquely. When the ledger gets updated, it goes across all nodes on blockchain structure. Besides, the wallets hold a record of transactions.

In the crypto ecosystem, the phrase ledger means database. But, a node is what crypto geeks refer to individual computers that operate and maintain blockchain.

Cryptocurrency wallets do not cut money like PayPal accounts or your average wallet. This is the difference between other online accounts and cryptocurrency wallets.

Importance of Protecting Crypto

Investing in cryptocurrencies isnt a bed of roses. You need to get a safe crypto wallet and deposit cash in it. This is the amount you will use in exchange to buy other coins. There are different entities involved in the crypto investment. They are all supposed to be working for the process to be natural. If any stops, the entire process is paralyzed.

Your hard drive, a removable disk, or your mobile phone is your bank vault in cryptocurrency industry. This has been brought by decentralization. Well, decentralization has eliminated middle-men in which investors have faith. But this comes with misfortunes. Still, having faith means you are responsible for ensuring your cryptocurrency is secure.

Cryptocurrency WalletsMyceliumMycelium wallet

This bitcoin wallet is convenient and easy to use. It was launched in 2008. It has had a strong history within the Bitcoin and cryptocurrency ecosystem. This app has an appealing interface which is easy to use. The taps provide options between different tasks.

It protects the Bitcoin address and the Private Keys by providing an all-in-one Bitcoin wallet security system using HD. HD, in other words, is Hierarchical Deterministic wallet security.

Be it as it may, this app uses the Microsoft Reference Source License. The MRSL helps to keep technology safe by providing unlimited for the underlying tech code.

The downside with the wallet is volatile transaction fees and unreliable customer service.

CryptonatorCryptonator Wallet

Tags: Wallet, Cryptocurrency wallet, Cryptocurrency, Even Though

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How To Choose The Best Cryptocurrency Wallet - Crypto News AU

The biggest cryptocurrency hack in the history of blockchain

Cryptocurrency, what do you imagine? Pile of paper currency? You imagined right and wrong. While there are individuals whove made millions and companies whove made billions. Also, there are people who lost millions and companies gone bankrupt.

Reason?

A couple of reasons. The price fluctuations, poor infrastructures and investing skills, and hack attacks. That being said, in this post, you will learn everything if you dont want to lose your money to some cyber criminal.

They say more than success stories, it is the failure stories that teach a lot. If you are aiming to become an investor or have your own company you should know about these hacks. As part of this guide, we will share the biggest hack attacks that changed the course of this industry and the problem that caused it. You can mitigate the problems and avoid the loss.

Lets get started.

The year 2013, Mt. Gox is the biggest bitcoin exchange platform in the world with a 70% market share. Max Karpeles, the founder of Mt Gox was on top of the world back then.

Fast forward to 2018.

The rate at which Mt Gox was growing, Mt Gox has captured more than 95% of the bitcoin exchange market by now. Max is sitting on a pile of 100-dollar bills, just like Joker did in the Dark Knight Rises.

Amazing isnt it?

Nope. Mt. Gox is nowhere in the market. Its disappeared in thin air. No ones talking about it. No newcomers know that it even existed.

The castle Max built was so mightly that he didnt notice small cracks in the foundation of the castle. Just a year later when Mt. Gox was at top of the world, in 2014, it got hacked. 70% of the bitcoin exchange market share, and the funds, all gone in a snap.

What went wrong? Lets peep into it.

Mt. Gox was a clear winner before it went extinct. But there were some foundational problems in Mt. Gox since the beginning.

Mt Gox has been busy developing a lot of features and that led to a lot of versions of the core platform. Keeping a record of the changes made became a tedious task. Therefore, tracing back at the time of bug fixes was a next-to-impossible task.

This exactly led to affect Mt.Goxs core software to exist with bugs and not perform as expected. This problem couldve been solved with the help of VCS (version control software), but there wasnt any back in those days. Heres why a VCSs are important for any product-based company:

With a lot of code changes in the core, software led to disfunctioning of the software. Mt.Gox did not have a testing policy that could do the needful. A leader in Bitcoin exchange simply throws away code that hasnt been tested, sounds pathetic? Yes, it does.

A lot of changes in code, without testing, comes to the CEO for approval. Only Max had the right to approve any code change. This did not go well with the number of changes that were made in the codebase. Max is a great programmer, but approving these many changes that too without testing was not good. Soon, he choked up and ended up being over-occupied. Considering his designation, it was not good for the company and himself.

A lot of code changes, lack of testing, code change approvals, led to a poor management. How do you expect a human being to outperform so much work without mistake? Max is a great programmer, no second thoughts about that. But when it comes to the role of a businessperson or decision maker, Max was not up to the mark. Max as a CEO went full-length busy and failed to foresee a disaster nearing.

It was 19th June when Bitcoin price fell down to one cent, and it was a sign to incoming disaster.

Source: Wikipedia

This was not a complete system failure. Instead, there was an attack that led to a price crash. The hackers got access to auditors computer and transferred a huge number of Bitcoins to their addresses. Furthermore, they used the same exchange platform to sell all the Bitcoins, so that they can disappear with the fiat money.

This led to the price drop, only within the system. But till then, it was too late for the company to withstand the blow. By this time, the companys spine was severely damaged to survive. Way over $8.7 million was stolen and by the time the company could adjust the propellers, the ship was already directing towards another disaster.

Fast forward 2014

In 2014, Mt. Gox system went slow and so slow that US banking authorities froze Mt Gox for violating the norms. On 7th Feb 2014, the company halted all the Bitcoin transactions to crawl back to the problem.

Upon a deep investigation, MtGox team found out that the core software was under a transaction malleability attack.

What is this now, youd ask.

As you must already know that blockchain has a tremendous ability to encrypt the data that cannot tamper by anyone, not even the owner of the blockchain. The blockchain encrypts the data using the cryptographic hash function.

But theres a loophole here.

If someone hacks into the blockchains core software and tamper the transaction just before it enters the blockchain, it can create a disaster. The hacker can alter the transaction and let it enter the blockchain. Once it enters the blockchain, it has no threat of being caught. Anyway, theres no way to trace back to the source of the transaction.

The hackers can flea with the money they stole from the transaction and no one will be able to anything for this. The send wouldnt even know that their money was stolen unless the company declares it upfront.

If you look at the code of a particular transaction, youd see signature data of a transaction that goes along with the input data in the blockchain. Guess what?

This signature data can be manipulated, which further can change the transaction ID. Furthermore, changing the transaction ID will technically eliminate the original transaction from existence and make it look as if it didnt even happen.

Picture this:

Tony owes 5BTC to Mark and Mark requests 5BTC from Tony. Tony initiates the transaction by sending 5BTC to him and the transaction waits in the queue for approval. Amidst this waiting period, Mark can alter the signature and hence the transaction ID and steal 5BTC from that transaction.

After this, Mark would tell Tony that he has not received the payment. Tony would confirm it by looking at the transaction. From his end, the transaction would be shown as pending. To this, Tony would reinitiate the transaction and this time Mark wouldnt do any tampering. This way, Mark would get 10 instead of 5 BTC.

Theres another catch here. Since Mark is aware of Tonys sending address, he could easily figure out the transaction and tamper data of only that. This was not the case with data tampering happened in MtGox. Hackers tampered data of all the transactions they can roll their eyes on.

This is exactly what happened behind the scenes in the MtGox hack attack in 2014. Hackers took advantage of the mismanagement and were able to bag $473 million worth BTC for free. Furthermore, this was almost 7% of the worlds supply of Bitcoin at that time, that was stolen from MtGox.

After the attack, the graph showing the price crash is terrible to look at. By the time Bitcoin started becoming a mainstream, Mt Gox underwent this attack. Everyone thought after this attack, Bitcoin would not survive for long. Sure, immediate effects werent good enough and the price went down like a steep valley.

Mt Gox declared bankruptcy after this attack and price crash. However, later it was discovered that the Bitcoin that were stolen were being laundered through another exchange, BTC-e. Alexander Vinnik, the owner of BTC-e has been accused of laundering the stolen Bitcoins. The Greek court has moved this case from their national jurisdiction to the US regulatories. If the accusation is right, he will be sentenced to 55 years of prison.

Bitcoin, as a network of the blockchain, was powerful enough to withstand the attack.

Another hack attack that happened recently ripped the industry one more time. This time it was $80 million or 4700 BTC. On Dec 6th, 2017, around 00:18 GMT, Solvenian exchange platform was hacked.

Announcing about the attack, CEO of NiceHash, Marko Kobal appeared on Facebook live. He addressed the followers and announced about the attack. As you would expect, he refrained from revealing much about the attack. The only thing he said was that an employees computer was compromised that led to the heist.

NiceHash suspended all the transactions for next 24 hours to reverse analyze what went wrong and know what exactly couldve saved the platform from attack. In a press release, this is what Marko said,

Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken. Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days. In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency.

Sure, there have been many cryptocurrency hacks. But in our opinion, there hasnt been any attack as Mt Gox. It tore apart the industry and faith of investors that their money is safe in this decentralized platform.

The key thing here to note is that all these attacks were on exchange platforms. It is nearly impossible to attack a blockchain and steal funds from there. Like Mt Gox, if someone tries to alter transaction ID and steal money from the transaction before it gets confirmed. Its impossible without an exchange platform. Because thats the only medium where hackers can get hold of a transaction. If there werent exchange platforms, there would be a 100 percent safe fund transfer experience. There is no room for a hacker to phish and steal anything from the network.

Furthermore, there have been attacks like the DAO on Ethereum (detailed analysis-based guide coming up), that led to the birth of whole new blockchain, Ethereum, and Ethereum classic. The original blockchain had to fork out (hard fork) and form a whole new blockchain platform.

That being said, you are now well-informed to take an educated decision and invest in cryptocurrency or create a cryptocurrency exchange platform or create a cryptocurrency. There has been enough attack on this amazing new space where everything is possible.

That being said, we made it to the end of this guide. We are sure that we helped you understand the reasons why a platform gets attacked and how you can avoid it. Share this post on your social media platforms to help more people understand about this.

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The biggest cryptocurrency hack in the history of blockchain

Portal:Spirituality – Wikipedia

Neoplatonism (also called Neo-Platonism), is the modern (19th century) term for a school of mystical philosophy that took shape in the 3rd century, based on the teachings of Plato and earlier Platonists, with its earliest contributor believed to be Plotinus, and his teacher Ammonius Saccas. Neoplatonism focused on the spiritual and cosmological aspects of Platonic thought, synthesizing Platonism with Egyptian and Jewish theology. However, Neoplatonists would have considered themselves simply Platonists, and the modern distinction is due to the perception that their philosophy contained sufficiently unique interpretations of Plato to make it substantially different from what Plato wrote and believed.

The Neoplatonism of Plotinus and Porphyry has been referred to as in fact being orthodox Platonic philosophy by scholars like John D. Turner. This distinction provides a contrast with later movements of Neoplatonism, such as those of Iamblichus and Proclus, which embraced magical practices or theurgy as part of the soul's development in the process of the soul's return to the Source. Possibly Plotinus was motivated to clarify some of the traditions in the teachings of Plato that had been misrepresented before Iamblichus (see Neoplatonism and Gnosticism).

Neoplatonism took definitive shape with the philosopher Plotinus, who claimed to have received his teachings from Ammonius Saccas, a philosopher in Alexandria. Plotinus was also influenced by Alexander of Aphrodisias and Numenius of Apamea. Plotinus's student Porphyry assembled his teachings into the six sets of nine tractates, or Enneads. Subsequent Neoplatonic philosophers included Iamblichus, Hypatia of Alexandria, Hierocles of Alexandria, Proclus (by far the most influential of later Neoplatonists), Damascius (last head of Neoplatonist School at Athens), Olympiodorus the Younger, and Simplicius of Cilicia.

Thinkers from the Neoplatonic school cross-pollinated with the thinkers of other intellectual schools. For instance, certain strands of Neoplatonism influenced Christian thinkers (such as Augustine, Boethius, John Scotus Eriugena, and Bonaventure), while Christian thought influenced (and sometimes converted) Neoplatonic philosophers (such as Dionysius the Areopagite).

In the Middle Ages, Neoplatonic arguments were taken seriously in the thought of medieval Islamic and Jewish thinkers such as al-Farabi and Moses Maimonides, and experienced a revival in the Renaissance with the acquisition and translation of Greek and Arabic Neoplatonic texts. Well-known Christian mystics influenced by neoplatonism are Meister Eckhart and Johannes Tauler.

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Portal:Spirituality - Wikipedia

Virginia Election Predictions: Will Weather Rain on …

You would think the MS-13 issue might have taken down Democrat Ralph Northams chances in the Virginia election? You might also think Northams connection to Americas most dishonest and racist political ad would do him too. In the year when a sentient democrat s would have won the election by not less than 8 points, is there any single issue that can push the superior GOP candidate Ed Gillespie over the top? Probably not. However, each day, team Northam works hard to blow the unlosable election. Ironically, If Northam loses, it wont likely be on any political issue, but it could be all those issues and the weather raining down on him.

Democrats dont like the rain, or the snow, apparently.

The forecast tomorrow in Democrat-rich, anti-Trump, home-of-the-resistance, Northern Virginia is pure misery. Temperatures will be in the low 40s, with increasing rain and wind. Its a miserable day to go out, and traffic will be classically horrible. Moreover, as some rush to the polls before their early close, traffic may snarl. Or, the thought of standing in the rain may dissuade even devoted democrats. Maybe. These are the dreams of GOP political strategists.

Do Democrats really hate the rain?

Social scientists have long debated whether bad weather is good or bad for either party? The GOP likes to say pray for rain in any election. The last time I ran for office, it was sunny and nearly 80 degrees. Unfortunately, I was a conservative running in the peoples republic of Arlington County, Virginia. Despite winning all 18 debates, according to the local paper, I had democrats seemingly parachuting in to vote against me and George W. Bush. He wasnt even on the ballot, but it sure felt like he was. With democratic sample ballot in hand, scores turned out to tell me what a no-good SOB George W. Bush was as they headed in to vote against me.

I still blame that loss on the weather, and the nearly 78% democratic majority.

Is bad weather really a good factor for Republicans? They could use one. They have always believed that bad weather hurts turnout, and lower turnout hurts Democrats. If you ask some Republican strategists, they will simply tell you that the Democratic base often includes many voting constituencies who do not regularly vote, and thus need to be turned out. In reality, Democratic voters are likely no less fickle than casual GOP voters. Many think bad weather more adversely hurts Democrats who often fight with public transportation to get to the polls. Theories abound, but is any of it real?

If you are a smart, educated, civic-minded, politically oriented person, this sounds crazy. The idea that rain would stop you from voting is probably silly. It would not stop me. However, not everyone is like me or you. Most Americans pay very little attention to politics. In years when no President, Senator, or US Congressman is on the ballot, turnout nosedives.

In elections, like the lottery, most Americans dont participate unless the stakes are big. In fact, in most elections, most Americans dont vote at all. This 2017 election is the ultimate off-year ballot. While ads run wild in Virginia and New Jersey, the overall election coverage is quite drab because nothing big is really happening.

In fact, this years Virginia Governors race is as close as we get to a big election across the entire country.

With cold rain coming, will this one last factor in the ultra-low turnout election help the little engine that is Gillespie?

This all begs the question is bad weather really bad for the Democrats?

According to this scholarly paper, badweather is indeed bad for turnout and particularly bad for the Democrats. Rain by itself can cost a democrat 1% of the vote in an election. Apparently, Northern Virginia being the home base of MS-13 is bad for Democrats, but not as bad as rain.

Here is the good news for Northam:

Nearly every reputable poll, including several breaking on the Monday before the election, places him ahead of Gillespie. After 2016, some people are rightly skeptical of polls, and state polling is generally a little less reliable than national polling. However, state polling does properly pick a winner. That is to say, national polls had Clinton winning in 2016, and they were right on the numbers. She just didnt get those votes in the right places, and thus Mr. Trump won easily. If the Virginia polling is as correct, Northam will win. We have no Gubernatorial electoral college.

On the flip-side however, state polling operations can be less-sophisticated, with fewer resources devoted to them. So, are they reliable? We will find out. One would have to be ignorant to ignore the clear majority of polls putting Northam ahead.

All that bad polling for Gillespie squares with my long, extensive, multi-factored June analysis where I painfully walked through all the reasons why Gillespie would lose likely by 8 points or more. Of course, I hedged my bet when I adroitly reminded readers that all elections turn on events and that Northam is not a good candidate. I sure was right about that.

Northam has worked hard to ensure my prediction would be wrong. Has he worked hard enough to make Gillespie a winner? Other factors are at play as well.

The good news for Gillespie is that the Lt. Governors race has gotten zero coverage, and what little has emerged is not good for Democrats. Likewise, Republican John Adams has run a strong campaign against Mark Herring in the Attorney Generals race where Herring finds his record, background, and conduct under withering fire. Putting aside my obvious issue with Herring, Adams is transparently a superior lawyer. One man clerked for the Supreme Court, the other guy is the functional equivalent of a legal burger flipper in comparison. Not one serious company would hire Herring over Adams. Unfortunately, voters are stuck in a team versus team mentality. If this were an election on the quality of a legal resume, Herring would have brought a knife to a nuclear war fight.

Adams has run well, and neither Fairfax nor Herring have added to the Northam ticket. All of that helps Gillespie.

MY PREDICTION:

The weather may play a role here, and for sure it looks bad. Still, I have Northam pulling this out in the year of anti-Trumpism in a deep blue state. I think Northam would have won this election by as much as 10 points if he were competent and if he hadnt jumped in a pile of political macaca of his own making. The resistance will turn out in sufficient numbers to push Northam over his own tomfoolery.

I am certain Gillespie will out-perform his polling. Real Clear Politics has Northam at 3.3%. I think Northam will win by 2.5%. Even if the rain cut down turnout by 1%, Gillespie will fall short.

The big event to watch in this race is the finish in the Attorney General race. Of course, that race relies on how close the Governors race will be. If the Gillespie loses by less than 1.25% on the GOP side for Governor, I predict that Democrat Herring will lose his race. I now believe that Herring will trail his Gubernatorial candidate by nearly 1.35% of the vote, with most dropped votes coming in that race. I believe this because a strong, independent Virginia voting block can see through a transparently flawed, unethical lawyer.

I admit that I have a strong rooting interest, but if there is an upset tomorrow in Virginia it will be Adams over Herring in the AG race.

My legal predictions tend to be much better than my political predictions, so each side can take heart in that reality. Unfortunately, with the stars aligned against him, Gillespie will need about 8 inches of snow to win tomorrow, which according to the scholarly paper I cite, might get him around 4 points.

Please God let me be wrong. Rain down upon me the error of my analysis.

Richard Kelsey is the Editor-in-Chief of Committed Conservative.

He is an Attorney, a former Assistant Law School Dean, Law Professor, and Virginia state court law clerk. Dean Kelsey was also the CEO of a technology company specializing in combating cyber-fraud. He is a regular commentator on legal and political issues in print, radio and on TV.

Rich graduated from George Mason law school, clerked for the Arlington Circuit Court, and later joined an AM LAW top 10 law firm practicing commercial litigation. He left the firm to be counsel and CEO to a consulting firm, rising to CEO of Turiss, LLC, a technology firm specializing in computer forensics, digital investigations, and fighting cyber-fraud through civil intel services and new technologies. Upon the sale of the company, Kelsey returned to Mason Law, where in the years before his return, he both taught at the school and served as President of the Law Alumni Association. Kelsey was the Assistant Dean for Management and Planning.

At Mason, Dean Kelsey taught legal writing and analysis and an advanced litigation seminar. In 2014 he was elected by the graduating class as the faculty speaker at their graduation. While serving the former George Mason Law, Kelsey conceived of, planned, and brought to fruition Masons Center for the Protection of Intellectual Property, known as CPIP.

Rich has appeared on radio, TV, and in print hundreds of times as both a legal expert and political and legal commentator. He provided the legal analysis for all stages of the Bob McDonnell trial and appeal for numerous outlets including NPR and WMAL. He writes on occasion for the American Spectator and CNSNews.com. He returned to private practice in September of 2016, and he is working on a book/expose on legal education.

In his free time, Rich is part of the baseball mafia of Northern Virginia, serving on numerous boards and as a little league and travel baseball coach.

Rich has many opinions, and they are his own. His Twitter handle is @richkelsey.

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Virginia Election Predictions: Will Weather Rain on ...

Victor Stone (New Earth) | DC Database | FANDOM powered by …

GalleryOrigins

Victor Stone was the son of a pair of scientists who decided to use him as a test subject for various intelligence enhancement projects. However, Victor grew to resent this treatment and fell in with a young miscreant named Ron Evers who led him into trouble with the law.[1] This was the beginning of a struggle where Victor strove for his own life engaging in pursuits his parents disapproved of such as athletics. In addition, Victor still kept bad company that led him into incidents such as when he was talked into participating in a street gang fight in which he was wounded. For the most part however, Victor still had a largely normal life under the circumstances where he also refused to follow his best friend's grandiose plans of racially motivated terrorism.

All that changed one day when he visited his parents at work at S.T.A.R. Labs. Coincidentally, an experiment in dimensional travel went horribly awry when a massive gelatinous monster crossed over an experimental portal and killed Victor's mother. The creature then turned on Victor and severely mutilated him before his father managed to force the creature back through the portal. To save his son, Victor's father outfitted him with experimental prostheses of his own design. However, the equipment could not be worn inconspicuously, and thus Victor was horrified to see much of his body, including part of his face, replaced with sheer metallic limbs and implants. Although Victor wanted to die at this shock, he adjusted enough through his resulting physical therapy to control his implants with suitable skill.

Upon release from medical care, he found his life was seriously inconvenienced with the fearful reactions of the public at his implants; even his girlfriend rejected him. In addition, he was also disallowed his participation in athletics not only for his implants but for his poor grades which were further exacerbated by his long convalescence. However, when his old friend attempted to use Victor's troubles to manipulate him into attempting a terrorist attack on the United Nations, Victor found a new purpose as he equipped his weapons attachments and stopped his friend in a pitched battle on the UN building.

He joined the Teen Titans, initially for the benefit of a support group of kindred spirits and freaks and has remained with that group ever since. In addition, Victor found new friends who saw past his disfigurements to his own nobility such as a group of children who were adjusting to their own prostheses and idolized Victor with his fancy parts and exciting adventures as well as their beautiful therapist who took a shine to him herself.

Throughout his association with the Titans, Victor has been destroyed, reconstructed, assimilated by an alien race, and had his humanity restored. He later went on to mentor a new Teen Titans group, consisting mainly of sidekicks, most of whom have taken over the secret identities of former members (i.e. Tim Drake, the third Robin, instead of Dick Grayson, the original Robin and Titans leader), as well as stalwarts such as Starfire, Raven, and Beast Boy, where they have fought enemies such as Deathstroke, Doctor Light, The Titans of Tomorrow and Superboy and Indigo during the Insiders storyline with a team up with the Outsiders.

Cyborg always had a problem with his humanity. Since he had lost most of his body in that horrible accident which turned him into a hero; he had always been challenged to maintain his human-side along side living with his robotic body. After a while Cyborg began to upgrade his body with new powers, weapons, and abilities. He became more of a robot; his voice changed and his mannerisms were more technical. Although he maintained he was still human not much was left. Eventually during the event of the Technis Imperative a robotic life form named Technis came to earth during it's universal search for knowledge and cataloging. When it tried to assimilate Earth the Titans stopped it, but Technis singled out Cyborg as he was practically a walking computer. Cyborg's one main crave was his humanity back to it's original level so he could be the athlete he always wanted to and Technis sought to serve this purpose. Technis was not one single being he was a mass of hundreds of them; beings who had a linked minded aptitude to collecting. So Cyborg joined their group in exchange for his soul, essentially.He became Cyberion and Technis became his family, but in the search and cataloging that spanned the universe Cyborg decided to ask Beast Boy to help him on his journey. Beast Boy accepted and Cyborg, now called Cyberion Technis, travelled around the universe until the day Technis was destroyed in a battle. This utterly changed Cyborg as he now lost his second family which shook loose his humanity again and he began to remember his old self and longed for it's return.[2]

After this entire event Beast Boy lost faith momentarily in his best friend and fled back to earth. Now entirely alone, Victor Stone, lost all sense of humanity in a matter of days. Without a team of Teen Titans on earth and with members spread across the globe Cyborg eventually came back to earth in a big way. He became Planet Cyberion and on his cascading trip back to earth he began assimilating and collect everything in his way until he became as big as the moon and when he returned to earth he overcame the moon and with it the JLA Watchtower. The Justice League was angered at this hostile takeover and attacked Cyborg not knowing the man within. Cyborg began to take every single Titan ever on the roster at all (including Green Lantern Kyle Rayner and Atom Ray Palmer. But since the Justice League attacked Cyborg his actions started to affect the Earth and it's atmosphere (he was riding on the moon). Horrible natural disasters and terrible technological threats and shut downs afflicted the earth plant-wide. All the Titans were brought in pods to Titan's Island in New York City. Once all of the Justice League, Young Justice, JLA Reserves, Titans and Teen Titans were brought together a massive fight broke out over the destruction of Cyborg vs. the savior of the world. This fight distracted Cyborg's programming and allowed a team of Leaguers and Titans to break off and head towards the moon where the main central power core of Cyborg's being as held. The Titans (mostly Beast Boy) succeeded in bringing the human out of Cyborg by manipulating his virtual reality environmental programming and using it on Cyborg himself; this produced an image of Victor's father that said only pleasant things to Victor. Victor's soul was finally free and Raven herself brought his soul to try and upload it into the Titan's mainframe computer. However Victor's soul rejected the computer programming and Beast Boy suggested putting his soul in the Omegadrome Suit and she did. Cyborg then became Omegadrome; the golden suit, shape shifting Cyborg.[3]

During Infinite Crisis, Cyborg joined Donna's New Cronus Team that went to investigate a hole in the universe that was discovered during the Rann-Thanagar War. He left Beast Boy in charge of the Titans while he was gone. They arrived at the re-set center of the universe and with the help of assorted heroes, aided in the defeat of Alexander Luthor, who was attempting to re-create the Multiverse and build a perfect Earth from it.

Cyborg was fused together with Firestorm after returning to Earth. This was caused by the energy ripples caused by Alexander Luthor Jr. which altered the Zeta Ray Beams the heroes were going to use to return home.[4]

After being severely damaged during the events of Infinite Crisis, Cyborg was rebuilt over time in thanks to Tower caretakers Wendy and Marvin. He awoke one year later to find a wholly different group of Titans led by Robin, the only member from the team he formed prior to going into space. Cyborg felt that members such as Kid Devil and Ravager were hardly worthy of being Titans, and thus was attempting to find a way to re-form "the real Titans".

After the team along with the Doom Patrol defeated the Brotherhood of Evil, Cyborg asked Beast Boy to rejoin the Titans, but Gar refused saying that his skills were needed with the Patrol. After returning to Titans Tower, Cyborg began reviewing the security tapes during the last year, in which it appears that he was looked to by all the Titans of the past year for a shoulder to lean on, despite being in a coma-like state.

Although Cyborg did retain the position of statesman amongst the Teen Titans and occasionally played second-in-command to Robin's lead, he no longer operated as a Titan in any official capacity.

Shortly thereafter, Batman, Wonder Woman, and Superman agreed that Cyborg should be offered membership in the new Justice League. However, following a battle against Amazo, Green Lantern (Hal Jordan) and Black Canary took over the formation of the JLA, and Cyborg was not included among the roster.[5]

Cyborg began putting together a new branch of Titans East which consisted of Anima, Dove, Hawk, Lagoon Boy, Little Barda and Power Boy. During a training exercise, the team was attacked by an unknown foe and Cyborg was severely injured.[6] This incident inspires the original members of the "New" Teen Titans to regroup and investigate the situation.[7]

Cyborg's new team didn't work out and when the new Teen Titans formed after his Titan's East's destruction he played second in command again. Although not officially on the roster he helped them on their investigations; he later joined officially and headed the new team of Teen Titans. They had many adventures together when their numbers started to grow and the founding members started to move on to bigger things. Wonder Girl began to lead this new team and they moved to Titans Tower in San Francisco, California. Soon the old founding members joined an unofficial team called the Titans to work as a family and a place to relax from their all overwhelming lives. But the peace didn't last when lives started to overlap and intersect and fewer members started showing up.

When the Titans fell apart again, Cyborg joined the JLA alongside Dick (as Batman) and Donna Troy. Officially on the team, he did not enter the field of battle much. Instead, he devoted his time to helping improve the Red Tornado's android body.

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Victor Stone (New Earth) | DC Database | FANDOM powered by ...

What is Social Darwinism – AllAboutScience.org

QUESTION: What is Social Darwinism?

ANSWER:

Herbert Spencer, a 19th century philosopher, promoted the idea of Social Darwinism. Social Darwinism is an application of the theory of natural selection to social, political, and economic issues. In its simplest form, Social Darwinism follows the mantra of "the strong survive," including human issues. This theory was used to promote the idea that the white European race was superior to others, and therefore, destined to rule over them.

At the time that Spencer began to promote Social Darwinism, the technology, economy, and government of the "White European" was advanced in comparison to that of other cultures. Looking at this apparent advantage, as well as the economic and military structures, some argued that natural selection was playing out, and that the race more suited to survival was winning. Some even extended this philosophy into a micro-economic issue, claiming that social welfare programs that helped the poor and disadvantaged were contrary to nature itself. Those who reject any and all forms of charity or governmental welfare often use arguments rooted in Social Darwinism.

At its worst, the implications of Social Darwinism were used as scientific justification for the Holocaust. The Nazis claimed that the murder of Jews in World War II was an example of cleaning out the inferior genetics. Many philosophers noted evolutionary echoes in Hitler's march to exterminate an entire race of people. Various other dictators and criminals have claimed the cause of Social Darwinism in carrying out their acts. Even without such actions, Social Darwinism has proven to be a false and dangerous philosophy.

Scientists and evolutionists maintain that this interpretation is only loosely based on Darwin's theory of natural selection. They will admit to an obvious parallel between Darwin's theory of Natural Selection and Spencer's beliefs. In nature, the strong survive and those best suited to survival will out-live the weak. According to Social Darwinism, those with strength (economic, physical, technological) flourish and those without are destined for extinction.

It is important to note that Darwin did not extend his theories to a social or economic level, nor are any credible evolutionists subscribing to the theories of Social Darwinism. Herbert Spencer's philosophy is only loosely based on the premises of Darwin's work.

However, according to evolutionary theory, nature is a "kill-or-be-killed" system. Those that cannot keep up are either left behind or cut off. If evolution, through chance, is solely responsible for life as we now know it, why should that process be countered? If "survival of the fittest" or "kill or be killed" cannot apply in what we define as "decent society," then, which is wrong, society or evolution? If neither, then how do we explain morality, charity, and compassion? Why drain resources from the strong to support the weak? Certainly, we should be charitable and help those in need.

Though Darwin did not promote Social Darwinism, basic evolutionary theory raises some nagging questions.

What is your response?

Yes, today I am deciding to follow Jesus

Yes, I am already a follower of Jesus

I still have questions

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What is Social Darwinism - AllAboutScience.org

Singularity (2017) – Plot Summary – IMDb

In 2020, Elias van Dorne (John Cusack), CEO of VA Industries, the world's largest robotics company, introduces his most powerful invention--Kronos, a super computer designed to end all wars. When Kronos goes online, it quickly determines that mankind, itself, is the biggest threat to world peace and launches a worldwide robot attack to rid the world of the "infection" of man. Ninety-seven years later, a small band of humans remain alive but on the run from the robot army. A teenage boy, Andrew (Julian Schaffner) and a teenage girl, Calia (Jeannine Wacker), form an unlikely alliance to reach a new world, where it is rumored mankind exists without fear of robot persecution. But does this world actually exist? And will they live long enough to find out?

2020. It's been three years since VA Industries, led by genius Elias Van Dorne, revolutionized the way humans live with VA supplied robots now in three-quarters of all the world's households. In a misstep, VA got into the business of military robots in the wanted goal of world peace, with the exact opposite occurring in the robots having led to greater and more violent war. Now, Van Dorne has come up with an artificial intelligence called Kronos which he believes is the ultimate in robotics. In the mysterious worldwide broadcast launching Kronos which Van Dorne has not yet divulged what it is to do or accomplish, Van Dorne unleashes Kronos on the world, it which is to destroy the human race, which Kronos has determined is the cause of the world's problems. Van Dorne has uploaded a virtual version of himself and his colleague Damien Walsh into Kronos to oversee its progress on the mission to eliminate the human race. Fast forward to 2117. There are still pockets of humans who have been able to evade Kronos, the current survivors descendants of those who were able to survive in 2020. Purportedly, the largest pocket of resistance is in Aurora, its location which Kronos does not know. As such, Van Dorne, through Kronos, has created a robot in the form of a young human man to locate Aurora. He has created it the form and memory of a man who was in existence in 2020, Andrew Davis, the robot which truly does believe it is Andrew Davis with his memories. The robot is to befriend a young resistance fighter, Calia, who is trying to locate Aurora herself. Complications ensue as Van Dorne has created a robot arguably more human than humans themselves, that robot of Andrew which may ultimately work on his own human driven emotions.

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Singularity (2017) - Plot Summary - IMDb

Pseudo-scientific racism and Social Darwinism | South …

Before learning about Social Darwinism, it is important to understand Darwinism. Here is a brief summary, but you can read more in the section in Grade 7 Human Evolution.

Darwinism

Today the theory of evolution is a well supported, unifying principle in biology, which explains how life on earth began and developed. The scientific evidence overwhelmingly supports the idea that all living things share a common ancestry.

Charles Darwin, a British naturalist, is the person most remembered for his contribution to how the process of evolution works. He wrote a book, published over 150 years ago, called On the Origin of Species, which was very controversial at the time.

His scientific explanation of how evolution occurs was essentially correct, but incomplete. On the basis of newer knowledge, and particularly advances in genetics and molecular biology, many of Darwin's concepts have developed into the more complete modern theory of evolution.

Science and religion

In the 19th century, Darwin's discoveries made an enormous impact in England, Western Europe, their colonies, and the USA, where Christianity was the dominant religion. Darwin's theory was seen to be in conflict with the literal interpretation of special creation to be found in the Bible in the Book of Genesis, and even today Darwin's work raises emotional responses among fundamentalists.

It can be argued that religion does not explain how the world works. Religion is about faith and hope and answers questions about 'why'. Science on the other hand, is rational and evidence-based and answers questions about 'how'. Religion and science should not be seen as two different worldviews as they do not provide solutions to the same questions.

Many learners and educators struggle with aligning their religious beliefs with scientific evidence and may find it helpful to read:philosophytalk.org

One of the world's greatest cosmologists, a South African based at the University of Cape Town, Prof. George Ellis, won the prestigious Templeton Prize in 2005 for advancing the understanding between science and religion. He is a key figure in the discussion of the boundaries between science and theology.

What is Social Darwinism?

Darwinism and Social Darwinism have very little in common, apart from the name and a few basic concepts, which Social Darwinists misapplied. The theory that there is a hierarchy of human species into 'races' has affected international politics, economics and social development across the globe.

Social Darwinism is a false application of Darwin's ideas such as adaptation and natural selection, and does not really follow from Darwinian thinking in any way. Social Darwinism is a belief, which became popular in England, Europe and America, in the late 19th and early 20th centuries. Herbert Spencer, an English philosopher in the 19th century was one of the most important Social Darwinists.

Social Darwinism does not believe in the principle of equality of all human beings. It states that:

Some human beings are biologically superior to others

The strongest or fittest should survive and flourish in society

The weak and unfit should be allowed to die

There was a constant struggle between humans and the strongest always would win. The strongest nation was the fittest, therefore the best, and consequently had an inherent right to rule.

Social Darwinism applied the 'survival of the fittest' to human 'races' and said that 'might makes right'. Not only was survival of the fittest seen as something natural, but it was also morally correct. It was therefore natural, normal, and proper for the strong to thrive at the expense of the weak. White Protestant Europeans had evolved much further and faster than other "races."

So-called 'white civilised' industrial nations that had technologically advanced weapons had the moral right to conquer and 'civilize' the 'savage blacks' of the world. Social Darwinism was used to rationalise imperialism, colonialism, racism and poverty.

The beliefs associated with Social Darwinism were discredited during the 20th century, as the increasing knowledge of biological, social, and cultural phenomena does not support its basic tenets.

The concept of 'human races' is scientifically invalid. Physical characteristics do not relate in any way to mental or behavioural attributes. Many people argue that the word 'race' should no longer be used for the following reasons:

Most scientists today would say that there is no such thing as race.

The misinterpretation of the term 'race' to classify people has gone hand in hand with contempt for human rights.

Social Darwinism is by no means dead, as traces of it can be found in the present.

What is eugenics?

Eugenics is a more extreme form of Social Darwinism, which is linked to the racist doctrines of Nazi Germany. Eugenics was one of the pillars of Nazi ideology, and in Nazi Germany state-run eugenics programs were practiced.

The Englishman, Sir Francis Galton, coined the word eugenics for the study of human improvement by genetic means. Galton believed in:

the idea of planned human betterment through selective mating

a system of arranged marriages between men of 'distinction' and women of wealth to produce a 'gifted race'

mental qualities (such as genius and talent) are inherited.

Conscious intervention to avoid over-breeding by "less fit" members of society and the under-breeding of the "more fit" ones.

In Galton's view, social institutions such as welfare and mental asylums were allowing "inferior" humans to survive and reproduce at levels faster than the more "superior" humans in respectable society, and if corrections were not soon taken, society would be awash with "inferiors."

What is Genocide?

In 1948, as a result of the Holocaust, the newly created United Nations Organization adopted the Convention on the Prevention and Punishment of the Crime of Genocide. Genocide includes the following acts 'committed with intent to destroy, in whole or in part, a national, ethnical, racial or religious group' by:

Killing members of the group

Causing serious bodily or mental harm to members of the group

Deliberately inflicting on the group conditions of life calculated to bring about its physical destruction in whole or in part

Imposing measures intended to prevent births within the group;

Forcibly transferring children of the group to another group.

Notions of Race: Why is studying human origins important?

The ideas of Social Darwinism also affected South Africa. Because of South Africa's long colonial and apartheid history, the ethnic and racial terms that have been used to categorise us - white, African, coloured, Indian - have in many ways become part of our identities. And because the laws that existed were applied according to these categories, we often still use these racial and ethnic labels. However, it is important to remember that the racial and ethnic categories used to describe South Africans are constructed and based on the false ideas of Social Darwinism.

People often ask 'how does understanding the science of human evolution help us?' A good reason is that it answers the question of 'race'. Scientists say that 'race' is a cultural or social construct and not a biological one. Superficial criteria of physical appearance have been used to create categories of people and classified humans into 'race groups'. The study of human evolution shows us that all humans share a common ancestry - we are all Africans in the sense that we all descended from ancestors who lived in Africa as recently as 100 000 years ago.

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Pseudo-scientific racism and Social Darwinism | South ...