Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Internet security
about internet security
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Internet security
Digital Cash Can Never Work
The continued growth of the Internet and the World Wide Web is making a means of secure, on-line monetary transfers a necessity. This growth requires that companies and individuals be able to transact business safely across Cyberspace. Without incentive, in the form of increased revenues, businesses and individuals will lack the financial incentive to continue investing in the Internet. Without continued investment, the Internet will never reach its potential to dramatically change, and hopefully improve, the way that we live our lives. Fortunately, the push for digital cash is already underway. The only question is, regardless of whichever of these payment systems succeeds, will the transaction be truly anonymous or not? [FN1]
The major concern of those opposed to non-anonymous digital cash is a loss of privacy. This is a legitimate concern, although exaggerated by fear of a "Big Brother" type state. The spending of cash has never been anonymous. A cash transaction, whether it be at a store, with a vendor, or just on the street, always involves two parties. In all of these transactions the payee and the payer meet face to face as the cash is exchanged. The privacy that people feel during these types of cash transactions stems, not from cash being a truly anonymous payment system, but from the anonymity of society itself. In a society built of large metropolises, anonymity is achieved by not knowing everybody else rather than not being able to find out who they are. If someone tries to pass off counterfeit money to a shopkeeper, regardless of that individuals anonymity because the shopkeeper doesn’t know them, the shopkeeper has the recourse of calling the police and being able to give a descript...
... middle of paper ...
...where information is power, deleting all information represents an absolute loss of control and safety because information protects us all.
[FN 1] For a discussion of the various payment methods proposed and the entities involved see: Udo Flohr, Cash, checks and coupons are all going digital. Here are the technical underpinnings of tomorrow’s legal tender, Byte, June 1996. On the Internet at: http://www.byte.com/art/9606/sec7/art1.htm; and A. Michael Froomkin, Flood Control on the Information Ocean: Living With Anonymity, Digital Cash, and Distributed Databases, 15 U. Pittsburg Journal of Law and Commerce 395 (1996). On the Internet at: http://www.law.maimi.edu/~froomkin/articles/oceanno.htm#xtocid583121
[FN 2] David Chaum, Achieving Electronic Privacy, Sci. Am., Aug. 1992, at 96. On the Internet at: http://ganges.cs.tcd.ie/mepeirce/Project/Chaum/sciam.html
Our speaker seems a solemn individual. One, whom explores a city alone and by night, a favorable past time for anybody who does not want to be bothered. Yet, as evidenced in the form of the poem, our speaker seems to feel a spark of excitement when human interaction becomes a possibility within our story. However, it seems that our poet, Robert Frost, displays an uncanny knack for misdirection throughout the entirety of this poem, and unless we meticulously pick this poem apart, we may miss the real meaning behind Frost 's words. Case in point: At first glance, this poem, about a lonely individual, appears to focus on their desire for human companionship, but, just perhaps, our speaker is actually loath to admit his true feelings, that companionship is what they desire the least.
Explanatory theories specify relations between two or more concepts that explain why and how much each theory is related to another, while being tested through correlational research. Watson, 2010 presented an example of explanatory middle range theory in the theory of human caring/caring science. In Watson’s theory the nurse and patient relationship is highlighted as a holistic care experience, from nurse to patient, as well as patient to nurse.
Robert Frost wrote many poems; however, one of his most popular themes involved isolation. The poem “Stopping by Woods on a Snowy
The efficient market hypothesis has been one of the main topics of academic finance research. The efficient market hypotheses also know as the joint hypothesis problem, asserts that financial markets lack solid hard information in making decisions. Efficient market hypothesis claims it is impossible to beat the market because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information . According to efficient market hypothesis stocks always trade at their fair value on stock exchanges, making it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices. As such, it should be impossible to outperform the overall market through expert stock selection or market timing, and that the only way an investor can possibly obtain higher returns is by purchasing riskier investments . In reality once cannot always achieve returns in excess of average market return on a risk-adjusted basis. They have been numerous arguments against the efficient market hypothesis. Some researches point out the fact financial theories are subjective, in other words they are ideas that try to explain how markets work and behave.
Electronic progress has been miraculous, even exciting, but with it problems evolve. One of the greatest is the threat to people's personal privacy. The Automatic Teller Machine (ATM) was developed in the 1980's to give people an easier way to de posit and withdraw cash that they had in the bank. Everyone who has an account is assigned a secret PIN number, but someone in the bank has access to clients' financial records in the electronic database. Another type of new technology is the ele ctronic tolls used on the nation's highways. Drivers can pay tolls...
The efficient market, as one of the pillars of neoclassical finance, asserts that financial markets are efficient on information. The efficient market hypothesis suggests that there is no trading system based on currently available information that could be expected to generate excess risk-adjusted returns consistently as this information is already reflected in current prices. However, EMH has been the most controversial subject of research in the fields of financial economics during the last 40 years. “Behavioural finance, however, is now seriously challenging this premise by arguing that people are clearly not rational” (Ross, (2002)). Behavioral finance uses facts from psychology and other human sciences in order to explain human investors’ behaviors.
Money, in the physical form, is rapidly dying and in its place credit and debit cards are
Before the arrival of online payment methods, the next best solution that people had was sending checks or money orders through postal mail. As (Crede) observes, these methods of payment were (and still are) time consuming and expensive for both parties involved in the transaction. A case in point is the time-consuming nature of drafting, and mailing a check or money order by the payer. The payee on the other hand has to collect the check or money order from the mail, cash it, enter the payment details into the information system, process data, and file the transaction details (Crede). Unlike payments by postal mail, online payments are fast and less costly. Better still; the benefits resulting from such a payment system are shared between the payer and the payee since the immediate transfer of online funds to the payees account means that the money can be accessed almost immediately. This not only ...
In the real world, most encounters in everyone's daily lives are anonymous ones. Chatting with a person beside you in a café or talking to an assistant while shopping for a pair of pants- these are interactions between two unknown persons; however, these contacts do not affect our lives the way some of the anonymous interactions in the cyberspace does so. Chat rooms, net forums, and even the spam mails most people get u...
A gap year is a time for teens to take off between high school and college. A gap year is used to travel, work, volunteer or study. In general, a gap year has many advantages. This year out of a school is a good time for students to explore the world and gain valuable life skills and experience while learning to be independent. Teens in the U.S. should adopt the British custom of taking a gap year between high school and college in order to gain perspective on personal values and career goals as well as gaining needed life experiences without the pressure and expectations of a school environment. A gap year is a time for students to become independent and learn a sense of responsibility before entering into university life.
A gap year is a period, typically one academic year, taken by a student as a break between secondary school and higher education. Many students consider taking a gap year because they are longing to get work experience and be sure of a career path before they make the decision to head off to college. During those one or two years off before heading to college, students have the opportunity to travel the world, work, experience different jobs, or simply take a break from school. Some parents do not agree with their young adults taking a break from school because they worry that their child will not do something productive with their free time. Although students taking a gap year run the risk of becoming inattentive or accustomed to making some quick cash, and not returning to school, there are numerous benefits for a young adults. young adults to take a gap year off before heading to college; for instance, many colleges want students that are mature and have some work experience.
Frost was a rural Yankee whose writings reflect everyday experiences-his own experiences, but was one who saw metaphorical dimensions in the everyday things he encountered. These everyday encounters held ground as his subject manner, combined with the rural setting of New England nature, seasons, weather and times of day. Frost’s goal was to write his poetry in such a way that it would cover familiar ground, but in an unfamiliar way or uncommon in expression.
Further they discussed why Singapore is ready for a digital wallet and identify the key challenges in building and deploying a digital wallet. Then discussed one of the key challenges, supporting peer -to-peer cash transactions between individuals using a digital wallet, in more detail and end the paper with their proposed solution.
In the professional or career world, a gap year is a year before going to a college or a University And after finishing high school or taking a year off before going into graduate school after completing an as an undergraduate. Taking a year off is also known as a sabbatical year. During this time students may work at advanced courses, extra related to school courses and non-related
According to “Facts About A Gap Year,” the definition of a gap year is “a break typically taken between high school and college that might include travel, work, study, volunteering, or research.” Several colleges encourage their admitted students to take a gap year before starting their freshman year. Done the right way, a gap year can help students excel, while if a student completely puts aside their responsibilities, it can plummet their success in college. Students who take a gap year after high school not only mature, but also are prepared for college and the rest of their lives.