https://padlet.com/m_andrus/frpkgwkkwdhr en-us 2018-06-17 02:08:51 UTC 2024-10-02 14:43:03 UTC hello@padlet.com m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267473279 Welcome to my padlet about digital currencies from this padlet I expect you to learn what digital currency is where it came from and how it is used in society   ]]> 2018-06-17 02:10:01 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267473279 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267473492 electric money a new type of currency ]]> 2018-06-17 02:17:54 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267473492 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267474206 This video I have chosen is about bit coin winch is a very popular digital currency and the basics of it which can be applied to other crypto currency's as well the key points of this video are the security of it and how safe it is because it cannot be duplicated due to cryptography where it comes from and how it is managed without going through a bank or so called middle man. What I got out of this video is that even though bitcoin looks confusing and rather difficult it's not that’s bad once you learn the science behind it makes it easier to understand  

]]> 2018-06-17 02:50:01 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267474206 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267475267 In this video the governor of Canada talks about banks creating a digital currency and talks about how physical currency can be diminishing in the upcoming years because cryptocurrency is gaining traction with society with the way technology is now. What I learned from this video is that with bit coin and all the other digital currency's getting bigger it would be a smart move for Canada to get into something like that and might be beneficial to a lot of people because it cuts out banking fees when paying with it ]]> 2018-06-17 03:28:18 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267475267 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267546156 Firstly i chose this picture of a graph of bitcoin which is a popular digital currency this graph shows that very much like stocks bitcoin can go up and by looking at this picture there I've learned there are some risks that go with digital currency  ]]> 2018-06-18 02:11:29 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267546156 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267548746 secondly I chose this picture because it shows bitcoin a can be converted into any currency there is which makes it really easy for international use and not just bit coin can be converted a lot of other digital currencies can be. With this picture I learned how easy digital currency is used internationally]]> 2018-06-18 02:26:56 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267548746 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267551804 Lastly, I chose this picture of a digital currency mining machine these machines are used to keep the ledger up to date and rewards the person using the mining machine digital currency as a reward. This picture showed me a lot of work goes into mining digital currency's ]]> 2018-06-18 02:57:02 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267551804 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267668955 n this video you learn how you can make bitcoin or other digital currency by using these machines called miners by confirming transactions using pc gpu's. Although this may sound good doing this takes a lot of power and the start-up can be a lot of money but mining can be profitable from this video I learned that mining bitcoin or digital currency is pretty hard for the average person to due to the power you need being so high and the impact of miners buying a lot of computers gpu impacted the economy driving gpu prices up from being in high demand ]]> 2018-06-18 18:12:25 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267668955 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267682092 2018-06-18 20:09:27 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267682092 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267683019 This Canadian article shows that bit coin and digital currency is on the rise in Canada and have even put in a bitcoin ATM in Toronto and Ottawa to assist in buying bit coin even though bit coin is on the rise you still might be confused on how to get it but there are people out there with companies to help you buy your first bitcoin like the one in the article. Reading this article, I found that bitcoin is starting to pick up get bigger in Canada and that it is getting easier for people to obtain. ]]> 2018-06-18 20:19:54 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267683019 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267683307 In this Canadian article there talking about how more Canadian businesses are starting to except bit coin as a form of payment which would make it easier for travelers to buy things without converting money over. From this article I have learn just how big bitcoin is becoming and how beneficial it is in the way of traveling you don’t have to convert it to cad and you can use it as it is and how that Canadian businesses are becoming more acceptable to it   ]]> 2018-06-18 20:22:55 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267683307 m_andrus https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267683323 This Canadian website gives a lot of information on digital currency use in Canada such a potential uses and the risks there are to using digital currency buying and selling goods with digital currency and protecting yourself from fraud with digital currency. What I found interesting from this article is that digital currency is taxable and needs to be included when doing your income taxes or the cra can come after you and that digital currency isn'tdenied as a legal tender ]]> 2018-06-18 20:23:06 UTC https://padlet.com/m_andrus/frpkgwkkwdhr/wish/267683323