How Will Bitcoin and Linden Dollars Affect the Economy Essay Example for Free

How Will Bitcoin and Linden Dollars Affect the Economy Essay The common issues with ‘Bitcoin’ and ‘Linden Dollars’ are that there have been suspicions these virtual currency schemes are operating as Ponzi schemes, there is a high level of anonymity with regards to these virtual currency schemes and that there is only one regulator who oversees the system. The issue of Ponzi schemes are justified for virtual currency schemes such as ‘Bitcoin’ and ‘Linden Dollars’ but for different reasons. For ‘Bitcoin’ it greatly resembles a Ponzi scheme where people can convert real currency into Bitcoins but when they want to convert Bitcoins to currency they would need to find another person who wants to buy their Bitcoins. For ‘Linden Dollars’, Second Life Banks started offering very high interest rates on deposits which led to many users in Second Life converting real currency into Linden Dollars to receive these returns. The high level of anonymity is also another issue that virtual currency schemes face as there are many risks that users of these schemes may encounter. Due to real economic transactions in Second Life, there are many people and business that have created accounts on Second Life to obtain real profits. Creating accounts on Second Life require little information and from the creation of accounts, players in the game do not know who they are actually performing transactions with as they are performing transactions behind computer screens and would not be able to judge the credibility of the other player. Due to having only one regulator who oversees the system, these virtual currency systems are decentralised and display information irregularity in the system. For ‘Bitcoin’, due to the complexity of the system not all users completely understand how it works which leads to risks some users take without realising the consequences of those risks. Creation of Monetary Value The creation of monetary values using virtual currency such as ‘Bitcoin’ and ‘Linden Dollars’ can lead to risks and implication for users of virtual currency. The creation of these two different currencies will affect their economy in different ways due to the reason for the creation of monetary value and the amount of monetary value being created. For Bitcoins, the supply of Bitcoins is not dependant on any monetary policy but instead is based on users performing a specific activity. This scheme by Bitcoin was designed so that the money supply would develop at a specific pace and in order to receive more Bitcoins, harder algorithms would need solved. Monetary Policy Implications There are many monetary policy implications from the use of virtual currency schemes both inside and outside of the virtual world. The most impactful implications from the use of these virtual currency schemes would be outside of the virtual world if these currency schemes became widely accepted throughout the world. Monetary policy implications that may arise outside the virtual world would be the way that the Central Bank would introduce policies for price stability, financial stability and payment system stability. Virtual currency schemes could have a massive impact on price stability if they substantially modify the quantity of money, impact on the velocity of money and if there is an interaction between the virtual currencies and the real economy. These factors will create different implications for current monetary policies such as exchange rates and interest rates. If the supply of money in the real world were to decrease due to virtual currency being accepted as legal tender, it will result in a change in the exchange rate between real currency and virtual currency. Virtual currency schemes could also impact on the financial stability if there is a strong connection between the real economy, high volumes of virtual currency traded and if virtual currency is widely accepted. This will impact the financial stability if the virtual currency is unstable due to lack of maturity, confidence, low volumes traded, speculation and cyberattacks. Virtual currency schemes could impact on the payment system stability as they are not regulated or overseen by a public authority figure. This will expose users to credit, liquidity, operational and legal risks due to the currency being virtual currency which has the possibility of defaulting. Payments using real currency do not face the same situation as Central Bank money is used and the Central Bank has no default risk.

Henry Hyde: From Henry To Hyde - Two Different Types of Leaders :: Essays Papers

Henry Hyde: From Henry To Hyde - Two Different Types of Leaders Henry Hyde was preaching to a small constituency during the Impeachment trial. Though the information spread through the internet and mass media, those who supported Hyde’s views remained the minority throughout the Impeachment process, and if anything, his support only decreased. Because Hyde felt that Clinton’s lying under oath about his relationships with Monica Lewinsky and Paula Jones was morally wrong, he took steps to punish Clinton for those actions. However other people, from all across the political spectrum, felt differently, and due to the divisive nature of issue, the only people who listened to and supported Hyde was the small conservative Republican constituency that had elected him and the other House Managers initially. For Hyde his core Catholic beliefs formed the basis for his political agenda. Those consisted of Catholic, family values issues, primarily pro-life ones. For example, he was on the Advisory Board of the Illinois Citizens for Life. Therefore the way that Hyde related to his audience was through a mutual agreement that family values, especially monogomy between spouses, were very important concerns, amplified by their percieved degredation of American culture. Clinton had a wife and a daughter, and during both campaigns ran as a women friendly president. Therefore the House Managers, who were all similar in ideology to Hyde conspired together to make the Impeachment a political statement. There were so many other reasons that they wanted to convict him and ruin is career, ranging from that fact that he had smoked pot to needing to discredit the Democrats before the 2000 election, that the Managers pursued Clinton ruthlessly. Often they were vindictive and bitter, as exemplified by Hyde’s rejection of the Joint Resolution of Censure which would have been politically advantageous to the Republicans offensively and diverted the thrashing they later took in the polls. However during his closing argument before the Senate, Hyde spoke venerably and grandfatherly, and limped up to the podium with the support of a cane, as if America had wounded him. It was during this speech that Hyde introduced his Henry V analogy, comparing himself to Henry V and the Managers to the English longbowmen as they prepared to die in defense of their country. Hyde saw himself and the Managers as protecting America from Clinton and what would happen if he was acquitted. If Clinton won, the president would have defeated America’s saviors and snaked his way out of punishment and justice, forever damning American culture and making a mockery of its system of justice. Henry Hyde: From Henry To Hyde - Two Different Types of Leaders :: Essays Papers Henry Hyde: From Henry To Hyde - Two Different Types of Leaders Henry Hyde was preaching to a small constituency during the Impeachment trial. Though the information spread through the internet and mass media, those who supported Hyde’s views remained the minority throughout the Impeachment process, and if anything, his support only decreased. Because Hyde felt that Clinton’s lying under oath about his relationships with Monica Lewinsky and Paula Jones was morally wrong, he took steps to punish Clinton for those actions. However other people, from all across the political spectrum, felt differently, and due to the divisive nature of issue, the only people who listened to and supported Hyde was the small conservative Republican constituency that had elected him and the other House Managers initially. For Hyde his core Catholic beliefs formed the basis for his political agenda. Those consisted of Catholic, family values issues, primarily pro-life ones. For example, he was on the Advisory Board of the Illinois Citizens for Life. Therefore the way that Hyde related to his audience was through a mutual agreement that family values, especially monogomy between spouses, were very important concerns, amplified by their percieved degredation of American culture. Clinton had a wife and a daughter, and during both campaigns ran as a women friendly president. Therefore the House Managers, who were all similar in ideology to Hyde conspired together to make the Impeachment a political statement. There were so many other reasons that they wanted to convict him and ruin is career, ranging from that fact that he had smoked pot to needing to discredit the Democrats before the 2000 election, that the Managers pursued Clinton ruthlessly. Often they were vindictive and bitter, as exemplified by Hyde’s rejection of the Joint Resolution of Censure which would have been politically advantageous to the Republicans offensively and diverted the thrashing they later took in the polls. However during his closing argument before the Senate, Hyde spoke venerably and grandfatherly, and limped up to the podium with the support of a cane, as if America had wounded him. It was during this speech that Hyde introduced his Henry V analogy, comparing himself to Henry V and the Managers to the English longbowmen as they prepared to die in defense of their country. Hyde saw himself and the Managers as protecting America from Clinton and what would happen if he was acquitted. If Clinton won, the president would have defeated America’s saviors and snaked his way out of punishment and justice, forever damning American culture and making a mockery of its system of justice.

Early Western Philosophy of Religion Essay

of the classical three laws of rational thinking. Claiming that every proposition is either true or not true, the first law summarily excludes the possibility of a middle-of-the-road alternative between two extremes. The second law states that it is not possible for something to be both true and not true at once and in the same contextual framework. The third law ascribes specific traits to everything. In other words, no two things are similar to each other (De Riemer, 2009). Augustine, the first Archbishop of Canterbury and one of the torchbearers of the Gregorian mission, challenged the validity of the law of the excluded middle by raising questions about the moment of death, when a person is alive and yet to die. Such a brief transition, according to him, does not conform to the basic assumption stated in the law of the excluded middle, for the dying instance falls in a temporal void where this law is nonfunctional (Stump & Kretzmann, 2001, p. 112). He, however, supported the law of noncontradiction on the basis of having certitude of knowledge about a given statement. Thus, he argued that â€Å"If there is one sun, there are not two† (Ibid, p. 163). In a way, Augustine endorsed inductive reasoning to substantiate his viewpoints on the foundational laws of thought. However, when it came to analyzing the law of identity, he discarded epistemological reasoning and embraced the core of Christian worldviews. The law of intrinsic essence of every being was, according to his opinion, a hypothesis that is relative to the monistic identity of the highest form of Being, e. g. God Himself. In other words, it is possible to develop collective identity given that it finds a stake similar to God’s image (Ibid, p. 87). Cosmological accounts of creation have been put forward by many of the early as well as modern thinkers. Various scientific theories have proved beyond doubt that our universe is not infinite. This proposition is tempting enough to ask what lies beyond the periphery. St. Thomas Aquinas, the medieval theologian and one of the seminal thinkers of his time, argued vociferously in favor of God’s existence on a cosmic level. His magnum opus Summa Theologiae is considered to be one of the treasure troves of philosophical treatises on creationism. Aquinas takes natural theology as the starting point of his argument. For nature, laws of existence are not rigid. It is possible for natural things to be born and destroyed, implying that everything is and is not at the same time. But it is truly impossible for anything to outlast its own expiration. What this means is that any form of existence is preceded by another form and that this chain continues backward till the creation of something that served independent of its own necessity for the sake of its succeeding creations. That something is nothing but what we believe as God (Meister, 2009, p. 67). I, despite being an atheist, strongly endorse the line of reasoning Aquinas used to prove God’s existence. He arrived at his intended position by means of teleological assumptions and subsequent cancellations – if A is true, A cannot be not true. This method of double negation, I believe, holds the secret to success of his originative theological account. References De Reimer, H. T. (2009). Infallible Logic, A Visible and Automatic System of Reasoning. Charleston, South Carolina: BiblioBazaar, LLC. Meister, C. (2009). Introducing Philosophy of Religion. New York: Taylor & Francis. Stump, E. , & Kretzmann, N. (2001). The Cambridge companion to Augustine. New York: Cambridge University Press.

Recruitment And Retention Of Police Officers - 1908 Words

In recent years, recruitment and retention of police officers has been a pain point for many departments across the nation. Odd and inflexible hours, uncompetitive pay, para-militaristic organizational structures, and a negative public perception have all worked to diminish the pool of applicants interested in careers in law enforcement. Add to the mix the sexist â€Å"brotherhood† police culture, emphasis on masculinity and aggression, and the nearly non-existent opportunities for advancement for women, and over half of the eligible workforce has been discouraged from even considering a career in law enforcement. In 2013, women comprised just over 57% of the labor force, but accounted for only 13% of sworn police officers (USDOL, 2013; Crooke, 2013). Not only are women sorely underrepresented in the field of law enforcement, but those who are employed experience discrimination at the hands of their supervisors and coworkers, and as a result, the attrition rate for women is o ften much higher than that of their male counterparts. Departments should pledge dedication to recruiting and retaining more female officers, as research indicates that not only do females perform just as well as males in patrol positions, but they also have a unique set of advantages to offer agencies when employed in law enforcement. 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