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imagine you’re having a conversation with your friends now in this conversation someone’s going to bring up cryptocurrencies now cryptocurrencies are something that everyone wants to talk about but no one really knows how they work so today I’m going to fix that I’m Raúl from simply learn and this is cryptocurrency explained since man evolved currency has been a very important part of our lives in the cave dweller era they use the barter system now the barter system involves goods and services being exchanged among
each other so now we have a situation where a cave dweller is exchanging seven apples and getting oranges in return now the barter system fell out of use because it had some glaring flaws now these flaws include having people’s requirements coincide for example say you have five apples and your friend has five oranges you want some of his oranges now until and unless your friend has a requirement for the apples that you own he’ll not be ready to make an exchange for it there’s no common measure of value now since there’s no
common measure in terms of which value of a commodity can be expressed there’s a problem when you have to decide how many apples you’re ready to trade for one orange or a mango not all goods can be divided or subdivided for example you can’t divide a live animal into different smaller units the goods cannot be transported easily now unlike how modern currency fits in your wallet or your mobile phone the goods that you own cannot be taken with you everywhere you go after realizing that the barter
system didn’t work very well currency went through a few iterations in 110 by an official currency was minted in 1250 A.D, gold-plated Florence was introduced and this was used across Europe and from 1680 to 1980 paper currency gained widespread popularity and misused across the world this is how modern currency as we know it came into existence modern currency included paper currency in coins credit cards and digital wallets for example you have apple pay amazon bay podium PayPal and so on all of this was controlled by banks and governments
now this means that there was a centralized regulatory authority that limited how paper currency and credit cards worked now imagine the scenario of doing an online transaction here you’re thanking your friend for paying for your lunch and you’re saying that you’re sending them money to their account now this transaction takes place successfully but there are several ways where this could have gone wrong there could have been a technical issue at the bank for example their systems could have been down the machines weren’t
working properly and so on that means there’s a central point of failure which is the bank the users accounts could have gotten hacked for example there could have been a DDoS attack or identity theft and so on or the transfer limits for that account were exceeded this is why the future of currency lies with cryptocurrency now imagine the transaction between two people in the future one of them has the bitcoin app and there’s a notification asking whether they’re sure they’re ready to transfer 5 bitcoins if yes processing
takes place here we’re authenticating the user’s identity checking whether they have the required balance to make that transaction and other things now after that’s done the payment is transferred and the payment is received all of this happens in a matter of minutes and is as simple as that this in turn removes all the problems of modern banking there’s no limits to the funds you can transfer your accounts cannot be hacked and there’s no central point of failure now as of 2018 there’s more than
1600 cryptocurrencies available now there are some popular ones like bitcoin Litecoin Ethereum and zed cash and a new cryptocurrency crops up every single day now considering how much growth they’re having at the moment there’s a good chance there’s plenty more to come in the upcoming years so what exactly is cryptocurrency a cryptocurrency is a digital or virtual currency that is a medium of exchange now cryptocurrency is quite similar to real world currency just that it does not have any physical embodiment it also
uses cryptography to work the way it does now some features of cryptocurrency are that there’s a limit to how many units can exist with bitcoin this limit exists at 21 million now after this no more bitcoins will be produced you can easily verify the transfer of funds now the hashing algorithms that bitcoin uses makes it very easy for users to determine whether a transaction is valid or not they operate independently of a bank or a central authority they work in a decentralized manner now new units can
be added only after certain conditions are met for example for bitcoin only after block has been added to the blockchain will the miner be rewarded with bitcoins and this is the only way new bitcoins can be generated so what makes cryptocurrency so special firstly there’s little to no transaction costs now if you use the digital wallet you’ll know that if you’re transferring money from your wallet to your bank account you’ll lose some amount of money you have 24 7 access to money you can’t just
walk up to your bank at 3am in the morning and say that you want to withdraw some money there’s no limits on purchases and withdrawals there’s freedom for anyone to use for example if you’re setting up an account in your bank you need to do some amount of paperwork and documentation with cryptocurrencies all of that can be avoided international transactions are faster now why transfers take about half a day to transfer money from one place to another but with cryptocurrencies it only takes a matter of minutes or
seconds what’s the crypto in cryptocurrencies crypto refers to cryptography it’s a method of using encryption and decryption to secure communication in the presence of third parties with ill intent now this refers to third parties who want to steal your data or want to eavesdrop on your conversation cryptography uses computational algorithms like ssj256 which is the hashing algorithm that bitcoin uses a public key which is like a digital identity of the user which he shares with everyone and a private key
which is a digital signature of the user which he keeps hidden now let’s talk about a normal bitcoin transaction first you have the transaction details now this details who you want to send it to and how much bitcoins you want to send them then it’s passed through a hashing algorithm for bitcoin we use the ssj 256 algorithm the output that you obtain is passed through a signature algorithm with the user’s private key now this is used to uniquely identify the user this output is then distributed across the
network for people to verify this is done by using the sender’s public key the people who verify the transaction to check whether it’s valid or not are known as miners now after this is done the transaction and several others are added to the blockchain where it cannot be changed again if the concepts of hashing seem a little difficult to you i would suggest you click on the top right corner and watch the blockchain explain video so that you can understand better now the sha-256 algorithm like i told
you earlier looks something like this now seeing how complicated it looks I’m sure it’s safe to say that the encryption is very difficult to hack today we’ll be focusing on two major cryptocurrencies bitcoin and ether now bitcoin is a digital currency that is decentralized and works on the blockchain technology it uses a peer-to-peer network to perform transactions let’s talk about either is a currency that’s accepted in the Ethereum network now the Ethereum network uses blockchain technology to
create an open source platform for building and deploying decentralized applications now let’s talk about the similarities between bitcoin and ether they’re the biggest and most valuable cryptocurrencies in the market right now both of them use blockchain technology which is nothing but a technology that involves transactions being added to a container called block and creating a chain of blocks in which data cannot be altered currency is mined using a method called proof of work which is a form of mathematical puzzle that needs to be
solved before a block can be added to the blockchain finally these are widely used across the world now let’s talk about the differences with bitcoin it is used to send money to someone this is very similar to how real-life currency works with ether it is used as a currency within the Ethereum network although it can be used for real-life transactions as well bitcoin transactions are manual which means you have to personally perform these transactions with ether you have the option to make these transactions manual
or automatic or programmable which means that these transactions will take place when a certain condition has been met for bitcoin it takes 10 minutes to perform a transaction which is the time it takes for a block to be added to the blockchain with ether it takes about 20 seconds to do a transaction now blockchain is used like money for real-world transactions and ether is used to power the Ethereum network and power real-life transactions as well ether is used as fuel within the Ethereum, Ethereum network to power both
things now there’s a limit to how many bitcoins can exist which is 21 million we’re supposed to hit this number by the year 2140 ether is expected to be around for a while but not to exceed 100 million units now bitcoin is used for transactions involving goods and services and ether uses blockchain technology to create a ledger to trigger a transaction when a certain condition is met for bitcoin we use an algorithm called sha-256 for hashing and with Ethereum we use et hash as of July 23 2018 one bitcoin equals
six hundred and sixty-eight dollars for ether it costs four hundred and sixty-four dollars now what’s the future of cryptocurrencies the whole world is clearly divided for cryptocurrencies on one side you have supporters like bill gates’ Al Gore and Richard Branson who say that cryptocurrencies are better than regular currencies on the other side we have people completely against it people like warren buffet Paul Krugman and Richard schiller who are both Nobel prize winners in economics they
call it a point scheme and means for criminal activities in the future there’s going to be a conflict between regulation and anonymity since several cryptocurrencies have been linked with terrorist attacks governments would want to regulate how cryptocurrencies would work on the other hand the main emphasis of cryptocurrencies is to ensure that their users are kept anonymous by the year 2030 cryptocurrencies would occupy 25 of national currencies which means a significant chunk of the world would start believing in cryptocurrency as a
mode of transaction. It’s going to be increasingly accepted by merchants and customers, and it will continue to have a volatile nature, which means prices will continue to fluctuate like they have been for the last few years. With that we’ve reached the end.of another good idea..
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‘Sugary food is a drug for me’: A growing number of children are addicted to ultraprocessed foods
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Chicago native Jeffrey Odwazny says he has been addicted to ultraprocessed food since he was a child.
“I was driven to eat and eat and eat, and while I would overeat healthy food, what really got me were the candies, the cakes, the pies, the ice cream,” said the 54-year-old former warehouse supervisor
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Some 12% of the nearly 73 million children and adolescents in the United States today struggle with a similar food addiction, according to research. To be diagnosed, children must meet Yale Food Addiction Scale criteria as stringent as any for alcohol use disorder or other addictions.
“Kids are losing control and eating to the point where they feel physically ill,” said Ashley Gearhardt, a professor of psychology at the University of Michigan in Ann Arbor who conducted the research and developed the Yale addiction scale.
“They have intense cravings and may be sneaking, stealing or hiding ultraprocessed foods,” Gearhardt said. “They may stop going out with friends or doing other activities they used to enjoy in order to stay at home and eat, or they feel too sluggish from overeating to participate in other activities.”
Her research also shows about 14% of adults are clinically addicted to food, predominantly ultraprocessed foods with higher levels of sugar, salt, fat and additives.
For comparison, 10.5% of Americans age 12 or older were diagnosed with alcohol use disorder in 2022, according to the National Survey on Drug Use and Health.
While many people addicted to food will say that their symptoms began to worsen significantly in adolescence, some recall a childhood focused on ultraprocessed food.
“By age 2 or 3, children are likely eating more ultraprocessed foods in any given day than a fruit or vegetable, especially if they’re poor and don’t have enough money in their family to have enough quality food to eat,” Gearhardt said. “Ultraprocessed foods are cheap and literally everywhere, so this is also a social justice issue.”
An addiction to ultraprocessed foods can highjack a young brain’s reward circuitry, putting the primitive “reptilian brain,” or amygdala, in charge — thus bypassing the prefrontal cortex where rational decision-making occurs, said Los Angeles registered dietitian nutritionist David Wiss, who specializes in treating food addiction.
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Southern Baptists are poised to ban churches with women pastors. Some are urging them to reconsider
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On a recent Sunday, its pastor for women and children, Kim Eskridge, urged members to invite friends and neighbors to an upcoming vacation Bible school — a perennial Baptist activity — to help “reach families in the community with the gospel.”
But because that pastor is a woman, First Baptist’s days in the Southern Baptist Convention may be numbered.
At the SBC’s annual meeting June 11-12 in Indianapolis, representatives will vote on whether to amend the denomination’s constitution to essentially ban churches with any women pastors — and not just in the top job. That measure received overwhelming approval in a preliminary vote last year.
Leaders of First Baptist – which has given millions of dollars to Southern Baptist causes and has been involved with the convention since its 19th century founding — are bracing for a possible expulsion.
“We are grieved at the direction the SBC has taken,” the church said in a statement.
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And in a Baptist tradition that prizes local church autonomy, critics say the convention shouldn’t enshrine a constitutional rule based on one interpretation of its non-binding doctrinal statement.
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It has struggled to respond to sexual abuse cases in its churches. A former professor at a Southern Baptist seminary in Texas was indicted in May on a charge of falsifying a record about alleged sexual abuse by a student in order to obstruct a federal investigation into sexual misconduct in the convention.
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