Just another episode of my gameplay for ESO in 4K Resolution. Enjoy!
Just another episode of my gameplay for ESO in 4K Resolution. Enjoy!
Just another episode of my gameplay for ESO in 4K resolution. Recently, ESO just got a Morrowind Expansion, and this expansion allows one new class known as Warden. In this episode I’m trying to level up a Warden. I’m new to this class, and so basically I’m clueless of how to play it. Nonetheless, check it out in the video.
So Bitcoin becomes the rage again for unknown reasons. Today Bitcoin price is going through the roof. As of this writing a single Bitcoin is equating to $2251 (US Dollar). I can see the allures of Bitcoin, but I can also see so many drawbacks. Let’s talk about the drawbacks shall we?
First, one of the biggest drawbacks of Bitcoin for me is not be able to sell Bitcoin anonymously through an exchange. Instead, the exchange requires you to send your info includes your social security number before you get verified and be able to do any trading of Bitcoin. This means if an exchange gets hack, all of your info is going to be shared or be sold to any unknown parties. Of course you can argue that lot of your information is already in places that are being stored online and can still be hacked easily. I argue that at least the government agencies and banking institutions are perhaps more willing to protect your information than some Bitcoin exchanges. Thus, hacking into these institutions may not be easily done, and once it is being done the government would definitely go after such hackers in a big way. So, at least you know you got huge resources to look after your information in a more serious manner.
Second, another biggest drawback is that many Bitcoin exchanges cannot be trusted, because not only they’d gotten hacked way too many times before but some of them also run away with your bitcoins. This means if an exchange decides to stop doing business and just run away with your bitcoins, you’re basically losing all of your bitcoins on a specific Bitcoin exchange. This is why I don’t think it’s wise to store any of your bitcoins on a Bitcoin exchange besides just enough bitcoins for selling purpose. Once buying a bitcoin on an exchange it’s wise to transfer the bitcoin out of the exchange immediately and into your more secure Bitcoin wallet that stores on your local machine/computer.
Third, another biggest drawback is that you can lose all of your bitcoins easily if a computer that you’re using to store all of your bitcoins got corrupted hard drives. This means if you cannot rescue a specific corrupted hard drive that stores all of your bitcoins, you basically lose all of your bitcoins forever. Thus, I think some people may adopt storing their bitcoins on multiple machines in multiple wallets, so they don’t have to worry about having all of their eggs in one basket. Some people also do backups for their Bitcoin wallets’ data to ensure that Bitcoin wallets’ data won’t get corrupted easily. It is also wise to encrypt the partition or partitions that you store your Bitcoin wallets’ data, and only this way you can protect your bitcoins from being stolen easily. Basically, encrypting a partition on top of already encrypted Bitcoin wallet’s data is like having one more security layer.
Fourth, another biggest drawback is that Bitcoin is still not being accepted widely. Sure, there are many places that may accept Bitcoin, but there are also so many many places that do not accept Bitcoin.
Fifth, another biggest drawback is that Bitcoin can be confusing for people who have no experiences with computer. Some people in older generations will not be able to understand how to use Bitcoin, and so it’s going to be exotic and hard to use for them. To use Bitcoin, one must know how to securely protect your bitcoins in a Bitcoin wallet and on a secure machine, but these measures are probably just gibberish for people who do not have the ability to use computers correctly. Especially, if they do not know how to use computer in a secure manner, they are going to get hack easily and lose all of their bitcoins.
Sixth, another biggest drawback is that many governments are not recognizing Bitcoin as currency, and so Bitcoin is in a grey area in which so many different laws are being applied to Bitcoin. This means you have to use Bitcoin differently in each country, and so laws that regulate Bitcoin in one country doesn’t behave similarly to laws in another country. Of course you can argue that cash are not the same in all countries, but cash are legal tender — thus there are specified laws that may apply on the usage of cash even though such cash are not printed in the specific country or countries. Some governments are outright hostile toward Bitcoin, thus they’re banning Bitcoin outright.
Seventh, another biggest drawback is that some governments are making you as a target of investigation for using Bitcoin, because they think Bitcoin is a way to facilitate dirty money.
These are the drawbacks and other drawbacks that I may not have stated that prevent me from seeing Bitcoin as a sure way that can replace the traditional money. Furthermore, I like to have the option of Bitcoin and digital currencies and traditional currencies in digital forms, but I also like even more to see that traditional currencies in the form of cash that do not go away. Why? Anything that is tangible is definitely harder to be erased and made disappear. This means your wealth can be protected better even it means securing them under your mattresses. If your wealth can just go poof in an instant, it means your wealth is not being secured in a correct form or forms. Because Bitcoin has so many weaknesses, I think it’s not wise to convert a huge portion of your wealth into bitcoins at all.
In our time, there are small wars break out around the world. Although these wars seem insignificant, but you never know enough of them will eventually turn into an avalanche of World War III. People of WWI could not have known how much worse a war could be, but WWII proved them wrong. I think the people who experienced both WWI and WWII would definitely agree that WWII was way worse than WWI. Both WWI and WWII encouraged humankind to go on killing each other in deranged way, but these last two insane wars got nothing on WWIII if indeed there will be one. After all, the next war could encourage modern nuclear weapons to be unleashed on multiple bustling places of this earthly world. I imagine modern nuclear weapons are way way more powerful than the ones that got dropped on Japan in WWII. According to PopularMechanics.com’s article “Today’s Nukes Are Thousands of Times More Powerful Than WWII A-Bombs,” a modern nuclear bomb is like 3000 more times powerful than the atomic bomb that got dropped onto Hiroshima, Japan in WWII. If I’m not wrong, such weapons could end humanity, because hundreds of millions, if not billions, of people will die in such a nightmare.
Unlike our historical pasts where an ocean could be a big barrier for people to get to know each other, today our world is very much connected. From the oceans to the sky and beyond, nothing can actually be a big barrier anymore. Our technological advances have allowed humans to communicate in seconds across vast earthly distances. Even the space in the heaven (i.e., outer space) cannot stop us from sending robots to uncharted domains such as Mars, and we communicate with our robots from such a distance just fine. So, there isn’t anything stopping us from trying to understand each other even though different parts of earth were civilized in different ways. Countries from West and East, North and South, and even neighboring countries do have their own historical memories and pasts, because each country was grown and civilized in different way. Thus, instead of dividing us and them, sowing more hatreds to sow more seeds of murderous, deranged human-made catastrophes such as WWI and WWII, we should think about how much more cooperations today humans should make so humankind can move forward without worrying about earth-kind extinction through the usage of nuclear weapons.
The 14th and 15th of this month, China is opening up a Belt and Road initiative forum, and many countries’ heads of state and delegates are going to descend upon Beijing for this meeting. No doubts, some countries are still having doubts about China’s BRI objectives. Furthermore, some countries even doubt that BRI could be achieved since there are so many unknown moving pieces within the agenda. For an example, along the countries that are the path for BRI, there are terrorism activities that may hamper BRI projects. Such doubts are logical, but other doubts are more of psychology. For an example, U.S. may not trust China’s global ambition, because U.S. could view China’s BRI as a way to undermine U.S. global influences. Nonetheless, China BRI is moving forward as we speak. Some BRI projects are already either finished or in the work across the world, and many more are in the planning stages. As BRI forum takes shape, I haven’t heard of anything in relation to U.S. meeting up with China in this forum. It seems either China isn’t inviting or U.S. is isolating herself from this forum on purpose. With or without U.S., delegates and heads of state of various countries are descending upon Beijing for BRI forum meeting.
Nobody would know China’s true global ambition, but China seems to be very happy in forming relationships with countries all over the world to promote globalization and world connectivity. These cooperations among countries in the world leading by China’s BRI would promote higher trade volumes and people to people connections. Will there be good outcomes from BRI? I guess time will tell, but China is leading the way to more globalization. In ancient time, when China was prosperous, ancient Silk Road was one of the ways that kept ancient China prosperous. Today, as China is getting stronger in economic and military terms, China is striving to revive the idea of ancient Silk Road but with modern utilities to create modern Silk Road so China can keep on being prosperous. It’s obvious, just like any other country, China is China’s first, because she has 1.4 billion plus of people to worry about. Nonetheless, cooperation is still better than dividing in hatreds.
China’s president, Xi Jinping, has got a short film in which he narrates and promotes the idea of BRI. In the short film he tells the world why he proposed and is backing the BRI.
If China is indeed imagining, hoping, and willing to promote and work toward a world where global community would be evermore prosperous and peaceful, I think it’s admirable and noble. In fact, I think U.S. should have joined BRI in a big way. After all, U.S. could also bring her huge expertise and wisdom to BRI and ensure the initiative to be even more successful. With China and U.S. leading BRI, I don’t see how the world would see this initiative failing. I think a successful BRI could bring the world into a more prosperous time. Of course, I don’t have a crystal ball, and so anything into the future is very uncertain. As of now though, my instinct says that BRI is going to gain evermore supports and attractions from countries that want to improve their infrastructures, businesses, and cultural connections. Here is a million dollar question, can BRI help turns back the minute arm of the Doomsday Clock? Here is another, can BRI help the world to be even more prosperous through strong infrastructure projects and business connections? Of course, there are tons of questions in regarding to how BRI would change the world, but I guess we have to wait and see how everything would turn out in the near future for projects and parts of the world that subscribe to China’s BRI.
As of late, people all over the world are taking notice how China has become a leader in the port industry. For an example, in 2016, August 10th, if I got the date right, Chinese shipping group, China Ocean Shipping Company (Cosco), completed the majority purchase of Greece’s Piraeus port. Since then, Cosco has turned Piraeus into one of the leading ports in the world. Just now, China is taking its port business into the next level by turning a terminal at Port of Qingdao into a fully automated container terminal. This means no human involvement is needed on most of the port container activities at this terminal. Well, you get a better idea if you watch the video right after the break.
As China is continuing to automate its industries, I wonder how will they cope with more unemployment. On business level though, things will be a lot more efficient in productivities and costs, but at what costs to the traditional social values such as full employment? Of course, certain traditional social values can always be updated or let go, but employment is one of the things that help put foods on the table for a modern fellow. Without employment, one would go hungry pretty fast or whatever a bad case that would be.
With roughly 1.4 billion plus population, if I’m not off on the number, China would be in big trouble if so many people won’t be able to find jobs. Automation will definitely create unemployment problem to be even more acute than ever before. Right now though, opportunities seem to be abundant in China still, because even some foreigners are leaving their home countries to travel to China for job opportunities. Nonetheless, once automation becomes evermore prevalent in China, I wonder how the opportunity picture in China would form. I can see the applications of automation will make China be evermore competitive in many global industries. In this case it would be all about the port/shipping industry.
Just a simple music video I made for my brand new song. Enjoy!