The Catch-22 Of Legal Enforcement of Crypto-Currency Hacking

The other day, I was discussing crypto-currencies with an acquaintance at our local Starbucks, and he let me know he was working with a couple of entrepreneurs who’d previously been academic experts in IT Security. Of course, for crypto-currencies it is all about safe transfer of the data, and the trust in the intrinsic value of those one’s and zero’s, or Q-bits. Perhaps, I might take a look at their business plan, although these digital currencies have had some bumps in the road to the future I am sure will be the future norm – that’s the way the world is headed it appears.

Does this mean we will have a distributive currency like distributive energy on the smart grid, or distributive information like the Internet? Well, humans usually do what works and there is both good and bad with centralization and with a distributive redundancy strategy.

Now then, what’s the latest you ask? Well, there are two articles I read not more than an hour after that meeting, as I was cruising through the information, I’d previously saved to write on this topic later; Marginally Useful – Bitcoin itself may fail as a currency, but the underlying technology is beginning to suggest valuable new applications,” by Paul Ford (February 18, 2014) and mind you this article was written just days before the Bitcoin theft from one of their top exchanges.

The other article was written by Naette Byrnes the day after those findings hit the newswires on February 25, 2014 “Bitcoin on the Hot Seat – A major bitcoin exchange shuts down, raising questions about the cybercurrency.” Are you surprised? No, me either.

The second article went on to state; “Tokyo-based Mt. Gox, once one of the largest exchanges of the bitcoin cybercurrency, stopped operating Tuesday amid rumors that millions may have been stolen from the firm and rising concerns about the long-term prospects for the unregulated digital currency. Other bitcoin exchanges quickly moved to distance themselves from Mt. Gox and assert that they were still open for business. The value of the currency itself dropped sharply to just over $500 by mid-afternoon. It hit an all-time high of $1,100 in November.”

What do you say to that? Ouch. Does this prove that the naysayers calling it a Ponzi Scheme were right? Do they get the last laugh, or is this just an expected evolutionary process of disruption as all the kinks are worked out? Well, consider this thought experiment I had.

Let’s say there was hanky-panky involved, let’s say someone hacked the system or stole the digital currency. Right now, digital currency flies under the radar as it is not recognized even with all the new Too Big To Fail regulations on banks, etc. How can a digital currency have value? Hard to say, how can a fancily printed piece of paper marked $20 be worth anything, it’s not, but it is worth what it represents if we all agree to that and have trust in the currency. What’s the difference, it’s a matter of trust right?

Okay so, let’s say that the regulators, FBI, or another branch of government interferes and files charges – if they file criminal charges that someone defrauded someone else then how much defrauding was involved? If the government enforcement and justice department put a dollar amount number to that, they are inadvertently agreeing that the digital currency is real, and it has a value, thus, acknowledging it. If they don’t get involved, then any fraud that may or may not have occurred sets the entire concept back a ways, and the media will continue to drive down the trust of all digital or crypto-currencies.

So, it’s a catch-22 for the government, regulators, and enforcement folks, and they cannot look the other way or deny this trend any longer. Is it time for regulations. Well, I personally hate regulation, but isn’t this how it usually starts. Once it is regulated credibility is given to the concept, but his digital currency concept could also undermine the whole One World Currency strategy or even the US Dollar (Petro-Dollar) paradigm, and there could be hell to pay for that as well. Can the global economy handle that level of disruption? Stay tuned, I guess we shall see.

In the meantime, what happens next will either make or break this new change in how we view monetary value, wealth, online transactions and how the real world will mind-meld into our future blurred reality. I just don’t see many people thinking here, but everyone should, one misstep and we could all be in a world of hurt – all of humanity that is. Please consider all this and think on it.

Third Party Logistics: The Future Is Already Here

The importance of third-party logistics (3PL) is too much for organizations to ignore them. The main reason behind this is that 3PL have a strong and dedicated workforce that have gone rigorous logistics training from logistics institutes on supply chain management courses or any other specialization in logistics courses. Large scale organizations save a lot of trouble and effort by outsourcing their supply chain management to a value added 3PL. Companies get to maximize their profit by utilizing a 3PL that provides reliable logistics advantages and have a blend of knowledge and resources, which is why it’s a common belief that third party logistics is the anticipated future. Let’s see how true it is.

Why is 3PL the future?

The advantages of 3PL were not much recognized since recently. One of them is that they have a vast resource network due to which, every procedure in the supply chain can be improvised in a much efficient and cost effective way.

3PL saves a lot of time and money on manpower recruitment and operations. It cuts down the expense of investing in a warehouse, transportation, staff, and technology. And all this comes with minimum risk but maximum returns.

3PL are experts who are best at what they do. They’re well updated with their industry and have at their disposal, cutting edge logistics technologies and efficient personnel who have undergone logistics training to run them. This helps an organization to focus on the core competencies of their company.

Using 3PL will allow your business to expand in new and unexplored regions. They always strive to make their working process cost effective, which in turn means, making your work cost effective.This way they make sure that your work is getting done the fastest and most cost effective methods.

Sophisticated management software help in analyzing and monitoring the flaws that make the logistics work dragging. One can get exposure to such software by enrolling in a logistics institute to train themselves on supply chain management courses or other logistics courses. This ensures constant improvements in the process.

Businesses are flourishing using third-party logistics with more organization opting for it every day. So, is the future here already? There is no way to say that it isn’t.

Numerous institutes are available for logistics education. Because today we have more opportunities in the Logistics and Supply Chain Management field. Choose a better logistics training course. This may be a stepping stone for your fruitful career path.

Future of Solar Power

The idea is solar power. A great concept in solar energy. The idea is to think about three concepts in sun power. The off-grid, on grid, or hybrid solar. The sun cell and solar panel harnesses the energy of the sun to create sun energy. Let’s talk about all three concepts today.

Solar is the use of technology which harnesses the sun’s light to create energy. Most commonly solar can be utilized as an energy and heating source for homes, business, boats and even automobiles. The panel is the building block for harnessing and creating energy.

The first type of grid is on-grid or grid tied solar. The on-grid system relies on sharing of power with the on-grid electrical system. Power sharing allows for efficient transition from the electric, the nuclear power plants to solar. The on-grid system could be a first step to a transition to sustainable go green, environmental friendly power.

The second type of power is off-grid solar is a completely off the grid, independent power source which utilizes the cell and solar panel to create solar energy for power and heat. The off-grid solar concept will flourish by 2050.

The third type of energy is hybrid solar. Hybrid solar combines concepts from both off-grid and on-grid solar to create power and is a concept for further academic thought and research.

Imagine a world with no fumes, gases, emissions, poisoning, nuclear reactors, electrical static or burns, electrical poles, and sun power is present in that world.

The future of solar is really the go green off-grid concept. This go green concept will replace gas power, electrical poles and nuclear power plants and is the future of energy power. The solar concept is a clean, environmental friendly energy choice.

Disadvantages of this include the transition from nuclear power plants will be initially difficult, but more cost-effective in the future. Also, some research indicates that solar energy does not have the same energy capacity or heating capacity as other energy sources.

Overall, this is a concept for further research and development. Green energy is a clean, sustainable power source for the future of energy. This is to flourish by 2050 and is a concept worth exploring. The future of solar depends on each and every one of us to consider and them implement this energy source from the concept to practice. The future is about to all of us to decide.

MAV Flapping Wings Using Repelling Magnets Concept

One of the holy grails of designing micro air vehicles or MAVs is to build a prototype that mimics a flying bird or insect. Why? Simply because evolution is the best designer of all, those designs that work flourish, those that don’t, well those species perish. Yes, that is the harsh reality of nature, but we can learn from its incredible time-tested research and development as each iteration serves a specific niche allowing for growth of the species.

Okay so, an MAV is a very small robotic airplane or flying device, yes, also built to serve a specific niche. In most cases built by robotics teams trying to prove concept, or their ability to use biomimicry to copy some sort of insect or bird. The ultimate goal would be to use these devices to do surveillance as the proverbial ‘fly on the wall’ or camouflages as a biological equivalent such as a bird.

This turns out to be a little harder than it looks, but not impossible at all, in fact a few robotics teams have conquered the challenge and a few small defense contractors have pulled it off. Today you can buy small remote control bird-like models and fly them around to entertain yourself for kicks. Now then, often I myself consider things such as muscle memory materials and other strategies that might assist in the flapping of wings. Thus, came up with yet another concept, using repelling magnets on the wing tips of a small MAV.

How would this concept actually work? Well, using repelling magnets on the wing-tips of a flapping-wing micro-air vehicle would cause the wings to fly apart at a good rate of speed. How this would work is somewhat a unique concept. You’d hold the wings together between your thumb and fingers then let go and the wings would repel down until they hit again at the bottom of the stroke, once again repelling until the wings hit on the up-stroke and so on, flapping along. The mathematics for the best Reynold’s Number and use the Navier-Stokes equation would be employed to ensure the best possible efficiency.

In looking at other flapping wing designs, they often use little motors and gears, perhaps such strategies too could be employed to see that the system continued to operate and never reaches equilibrium, as is the problem with magnetic ‘free energy’ concepts which look great on paper but never actually come to fruition.

Recommended reading:

(1) Research Paper: “Numerical Simulation of Flapping Wings using a Panel Method and a High-Order Navier-Stokes Solver” by P. O. Persson, D. J. Willis, and J. Peraire. (Int. J. Numer. Meth. Engng 2011; 01:1-20).

(2) Research Paper: “The Numerical Simulation of Flapping Wings at Low Reynolds Numbers,” by Per-Olof Persson, David J. Willis, and Jaime Peraire. (48th AIAA Aerospace Sciences Meeting, New Horizons Forum and Aerospace Exposition, January 4 – 7, 2010), AIAA 2010-724.