Paying For Purchases With Your Phone

Paying For Purchases With Your Phone

Paying by mobile app is becoming increasingly popular.

Paying For Purchases With Your Phone 

 

By D.S. Mitchell

 

Fumbling About

I was holding up the grocery store check out line while I anxiously dug around the bottom of my purse for my debit card. I was getting worried. Could I have lost the damn thing? While I tried to remember when I last used the card, I looked up and realized the guy directly behind me was rhythmically tapping his foot on the vinyl flooring. I gave him a weak smile and a whispered, “I’m sorry,” just as my fingers touched the cold plastic of the card. After paying for my purchases, I corralled everything and headed to the exit. As I passed the last row of cashiers I saw a young lady hold her cell phone in front of the payment terminal and wave it a couple time. I decided, right then and there, that when I got home I would go on the internet and find out about payment apps for my phone.

What I Found Out

As I suspected there is a lot of information on contactless payment systems, such as ‘digital wallet’. Mobile payment apps are growing increasingly popular. Apparently nearly 85% of Americans own smartphones and the benefits provided by such payment systems are more and more evident. Here are a few of the benefits I learned about.

  1. Convenience: No more digging around your purse for your debit card or cash. Just take out your phone and open the digital wallet app and wave or tap your phone near the payment terminal. Easy peasy.
  2. Security: A mobile payment app has security advantages unavailable with other payment methods. First, and most obviously, you don’t need to carry cash or credit cards, which are always at risk of being lost or stolen. Second, the mobile payment apps have layers of extra security to protect user data, like encrypting personal information, plus there is a layer of biometric authentication such as fingerprint and facial recognition. Lastly, each transaction involves a one time code or token. The token is used to complete the transaction in place of the buyer’s actual personal information. The code is for a one time only use. That token cannot be reused and is effectively useless if hacked.
  3. SpeedIt’s super fast, just a one-two-three tap to pay. Plus there’s a budget and expense tracking feature. If you happen to have a money management app it can be easily integrated with the digital wallet app. Every transaction is instantly recorded for future reference and review.
  4. Safety: Since COVID-19 hit everyone is a bit more concerned about germs on surfaces and in the air. Mobile apps enable the consumer to complete their purchases without handling germ infected cash or touching germ infected credit card terminals.

Setting It Up

Here’s how to set up your contactless payment system.

  1. Get your phone and find the pre-installed payment app on the screen. It will be Apple Wallet for iphones or GPay for Android devices.
  2. Tap on the icon, Apple Pay or the $ icon, then enter credit or debit card information into the fields. You can add multiple cards and select a default for the card used most frequently.
  3. When you want to make a purchase, launch the app (select card preference if you did not select default), hold your smart phone or smartwatch close to the merchant’s card terminal.
  4. You will be asked to confirm the purchase. If you are using a debit card for payment, you may be asked your pin number.

I did it, it’s all set up. Now, my next challenge is remembering to use the damn thing.

Happy 2024.

TikTok and Security Concerns

TikTok and Security Concerns

Governments around the world suspect China will weaponize customer information

TikTok and Security Concerns

The number of countries banning TikTok, a video sharing app, is growing over concerns that China is collecting data on customers that may later be weaponized by the Chinese state.

By D. S. Mitchell

The Five Eyes

The United States, Canada, Britain, New Zealand, and Australia have each recently banned TikTok from federal government devices amid growing concerns over the app’s ties to China.  The aforementioned countries form the so-called “Five Eyes” intelligence-sharing partners. Government experts fear sensitive information could be exposed when TikTok is downloaded, especially on government devices. The recent U.S. ban applies only to government devices, although numerous US lawmakers are advocating an outright ban of the app. Both the FBI and the FCC warn that ByteDance could share TikTok user data with China’s authoritarian government.  More than half of the 50 US states have banned the app from government devices. An outright ban of the app was blocked in the United States Senate at the end of March.

Inside United States 

TikTok has 150 million users in the United States. Pew Research estimates that roughly two-thirds of US teens use TikTok. Aside from the security threat there is also concern that TikTok’s content could harm teenagers’ mental health. Researchers said in a December report that eating disorder content on TikTok had accumulated 13.2 billion views.

Other Countries Follow U.S. Lead

The European Parliament, European Commission, and the EU Council, the three top EU bodies, have all banned TikTok on staff devices, citing cybersecurity concerns. Estonia, France, Netherlands, Norway, Belgium, Denmark, India, Afghanistan, Taiwan, and Pakistan have also recognized the danger TikTok presents and have restricted its use on all government devices.

CEO Claims Independence From China

TikTok is owned by the Chinese technology company ByteDance. The company CEO, Shou Zi Chew, recently appeared before the U.S. Congress and testified that the company is run independently and does not share data with the Chinese government. Furthermore, CEO, Shou Zi Chew aggressively disputed accusations that TikTok collects more customer information than other social media companies and describes the recent bans as “without deliberation or evidence.”

Why All The Excitement?

The deepening rivalry and the growing tensions between the United States and China are central to these actions. The Biden Administration believes China intends to harness user data to fuel influence operations directed at American citizens. From the large number of countries banning the app on government phones also see a looming threat. ByteDance denies that any user data is at risk and claims it cannot be accessed by Beijing. But  the reality of the situation is clear; Chinese law obligates any company or citizen to aid state intelligence. Let me repeat that, Chinese law obligates any company or citizen to aid state intelligence. That fact alone should make us all a bit uneasy.

On The Other Hand

Observers of the situation claim the biggest danger to American privacy is not the Chinese government but rather a system that allows any tech company to harvest users’ data. Many folks are asking where has Congress been? While ranting about TikTok the US Congress has failed to pass even the most basic comprehensive privacy legislation to protect our data from misuse by any and all tech companies.

 

Adoption Is Not the Alternative to Abortion

OPINION:

Adoption Is Not the Alternative to Abortion

It is time to worry about the health and well-being of children already born and recognize that adoption is not answer to abortionhildren

OPINION: 

Adoption Is Not the Alternative to Abortion

 

By Megan Wallin-Kerth

 

With all the news about Roe V. Wade, many conservative talking points have come to the forefront; for, let’s just say, reconsideration. Most of these I’ll leave for others to debate, but one really gets under my skin, because—unlike the hundreds of other thoughts, some more sensible than others—this refrain is ludicrously simplistic and yet very familiar to me. You’ve probably heard it too, at least a dozen times. Here’s a hint: What’s the oh-so-wonderful alternative to abortion?

Adoption.

Always. Without fail. Rarely a dissenter. And yet, how many people shouting this have actually adopted a child? And of those, how many adopted the kids who are considered “difficult to place?”

For those willing to admit that they know diddly-squat about the adoption process or the foster care system, I’ll give more context.

Most infants, particularly white infants from healthy but low-income mothers (think high school or college students), are placed easily into homes that are generally also white, generally middle class or upper middle class, and have usually passed several levels of intensive screening (varying in different states) prior to becoming a parent through adoption. Those are the facts. White babies usually get sent to somewhat affluent white homes. Babies from other backgrounds sometimes linger for longer times, or often get adopted into homes where their culture of origin is, if anything, a sidenote. Add identity crisis to abandonment issues.

However, infants of any monetary, cultural or ethnic background truly have it much easier than children: The children who are taken away from their natural parents after they’ve already started to reach the stage of being toddlers or even older children have a more challenging path ahead.

First, they have the grief and loss that comes with being torn from the parents and family system to whom they are already well acquainted, as well as the customs, traditions, sense of belonging and additional factors that make up one’s feeling of being “home.” They lose it all, and yet they are expected to accept the culture of a new household, family structure, and repeatedly relay their trauma to a constant barrage of social workers and therapists who make it clear that the events which occurred “need to be discussed.” (That need, mind you, is more to provide quotes for said figures to use while testifying about the child’s best interests in court, quite ironically.) What’s not always clear to those kids is that none of it is their fault. Not a single bit of it.

Many of those kids are there because their parents were ill-prepared, young, poor, or impacted by trauma or drug-abuse. Some of them were likely told not to get an abortion, because that would be throwing away the “gift of life.” Not all of them wanted their children, but most of them probably wanted to do right by them. However, wanting to do the right thing and being able to successfully carry out the responsibilities of parenthood are entirely different.

Unsurprisingly, these kids are more likely to be diagnosed with a slew of mental health conditions, ranging from attachment disorder to ODD (oppositional defiance disorder) to ADHD (attention deficit hyperactive disorder) and PTSD (post traumatic stress disorder). They are more likely to have trouble regulating their emotions. They are more likely to come from families with histories of trauma or self-medication with drug-use. They are more likely to have been witness to domestic violence. And they are all victims of a system that is primarily run by well-intentioned but vastly undertrained and overworked case managers, many of whom get burnt out quickly if they truly care about the children under their broadly defined supervision.

Lastly, the longer a child stays in foster care, the more they face several unfortunate facts: Adoption rates are lower, foster homes are increasingly scarce (and often resort to abusive or coercive methods to control trauma-based behaviors), and it’s not uncommon at all to age out of the system with no solid support. It’s also likely that those with severe trauma—and corresponding behavioral issues stemming from a lack of care—will end up incarcerated, filling jails and prisons. And let’s not even get into the number of failed adoptions, where families commit to adoption and change their minds (this happened to me and another family member), sometimes going so far as to relinquish parental rights after the whole matter has been legally confirmed.

This is the true nature of the so-called alternative that people don’t realize they are presenting, and it’s not the fairytale full of compassion and hope that comes to mind with the word “adoption.”

Furthermore, those stating that they would “love to be foster parents once the time is right for their family” should also take heed of the fact that doing so is a sacrifice to any children already in your home, whether biological, adopted or foster. It requires everyone in that household to possibly shift expectations, routines, etc.—and to frequently practice more emotional regulation if the child coming in has some emotional struggles themselves (and spoiler alert: many of them will).

Am I discouraging people from fostering and adopting? No, not at all. However, much like the decision to become a biological parent, it needs to be approached realistically—for everyone’s sake.

Forgive me if I put it all in a grim light; that’s not the intention. I’m an adoptee myself, and an adoptive parent. I also grew up in a conservative household, with a narrow, black-and-white view of matters such as abortion rights.

But now that I’m older, I look back with less tunnel vision. I’m not a one-issue voter anyways, but if I was, I would still hesitate to stake all my focus on the ill-placed show of concern people seem to have regarding the value of life before birth, as opposed to the many months and years that follow.

To be clear, I also am not convinced of something just because it’s a “women’s issue.” As a woman, I don’t see the need to coddle us, and I don’t see pregnancy as only an issue in which women should have a voice. It takes two to create life, and most cases of pregnancy are the result of consensual baby-making.

And yet facts are facts: The facts are that rape happens, unprepared parents exist, and even in the best case scenarios, pregnancy is completely a woman’s task, effecting us physically, emotionally, mentally and financially. All those prenatal visits are scheduled for a reason; There are many risks and expenses. Furthermore, giving birth, even in developed countries, can be dangerous or even life-threatening. And as women on birth control are keenly aware, even with today’s modern advances and a lot of talk about “consent,” attempts to prevent pregnancy via hormones, condoms or abstinence can all fail. (Just look at sexual assault and rape statistics.)

However, everything from birth rates to women’s healthcare access affects us all, because that adds up to how well we can provide for our citizens. And how we treat people after they’re born, breathing and making decisions should matter to the pro-life crowd, right?

Mainly, it comes down to this: Regarding adoption and foster care, I’ve seen the dark underbelly of the beast—and for every child out there who gets adopted, there are statistically at least 10 who are shifting between foster homes waiting for their chance to stay somewhere with people who understand their unique needs and can continuously care for them when their expressions of pain often push others away.

This is not the “solution” to a world with fewer abortions. It’s proof that the primary talking point of the “pro life” crowd these days clearly has nothing to do with protecting human beings, even though I believe (perhaps naively) that most pro-lifers probably insist that is exactly their logic. They believe they’re protecting babies, because the fetus grows into one. My argument is “When does life matter most to you?”

A young child in the system, already born and in the world, suffers so much more and deserves so much more protection than a 16 week fetus. But that is not where people see fit to focus their fervent “value for life.”

Coming from one of those kids who wasn’t aborted, I know it probably sounds richly elitist to that crowd. But having navigated that first five years of life without a forever kind of family, I can tell you that I wish people would do their pro-life picketing outside the DHS office with signs that beg for real life-changing improvements. Their signs could ask for more foster homes, better pay for social workers, more stringent screenings for private adoption agencies, more rights for extended biological family members of children in care, and more resources for those aging out of the system. That is the pro-life attitude this country needs right now.

I believe a true understanding of this very real perspective might also produce the realization that supporting the right to choose an abortion isn’t the same as saying you would personally find the procedure useful.

In summary, the point of being pro-life should not just be about protecting life but also seeing fit to protect the quality of life. And it should never be at the expense of a life fully formed and out in the world.

My life was not protected simply because I was born. It was not even protected after I was adopted…twice. Children who have been separated and traumatized are automatically at many disadvantages, and while name-calling and anger don’t suit either side of the political aisle, the right to abortion should be beyond politics at this point. I’m by no means a hostile person, but I’m sick of being nice in the face of willful ignorance of inconvenient facts, when some of us are in the very category that adamant pro-lifers are using to support their arguments.

While the political left could do better at not cherry-picking their cases (you really don’t need to prove your point with only rape and incest cases), the right has done nothing to alleviate their increasing reputation for being hypocritical on the topic of reproductive rights.

Being hyper supportive of the military, the NRA, and abstinence-only sexual education while being unsupportive of affordable healthcare, and holding the record for having more people on welfare (yep, look it up) makes one look not only callous, but ignorant.

Quite frankly, abortion access is not about your views, it’s not about religion, it’s not about proving when life begins, and it’s not about the unborn.

It’s about allowing for the prevention of predictable, probable, and elongated suffering of multiple human beings for the technicality and self-righteousness of protecting one not yet fully formed and out in the world. It’s about whether someone is ready to be a parent—a good parent. It’s about pregnant women (sometimes mere children or teens) choosing whether they allow their body to house, feed and produce yet another entity that will require a great deal of care and love. It’s about applying critical thought and a wide lens of compassion to situations where bringing a life into the world cannot be done safely. It’s about allowing people to make decisions that impact their bodies and livelihoods with the expertise of medical professionals.

Bottom line: It’s about how well we take care of the people already in our world, and the sad truth is that we’ve got a great deal of room for improvement.

 

OPINION: ‘Eff the Supreme Court

OPINION: ‘Eff the Supreme Court

I have something to say about the SCROTUS and it is not nice.

OPINION: ‘Eff the Supreme Court

Editor: I think this quote is a perfect response to the Supreme Court justices that want to enforce constitutional originalism on 21st century Americans. 

“WHEN PEOPLE START ACTING AS THOUGH THE PAST IS THE SAME AS THE PRESENT AND CONTEXT DOESN’T MATTER, THINGS START TO GET DANGEROUS.” TREVOR K. MCNEIL 2020

By D. S. Mitchell

Written on a Sign

I don’t know about you, but my outrage grows. In a recent abortion protest, I saw a young girl carrying a sign inscribed, “I hate it here.”  If you are a follower of Calamity News and Politics, you may have noticed an increased tension, and quite honestly, unbridled rage coming from this corner of the progressive community. I too have had several recent moments of, “I hate it here.”

Targeted Killings

The radical right sees no contradiction in banning abortion, for love of life, yet fuel rhetoric that has likely led to the  murder of at least 10 pro-choice physicians. The radical right tell us the Second Amendment is sacred. Sometime between my birth and today, the sanctity of the Second Amendment has taken on ridiculous, and unintended proportions.

Group Killings

Originally the Second Amendment described, “a well regulated militia.” Mind you, this was before the U.S. had a military. Out of that simple concept, it is now every Americans right, maybe duty, to load your AR-15, strap it with a bandolier of 30 shot magazines and go walk around town, terrorizing and murdering people who are just shopping for groceries, celebrating at a concert, attending class, and now a 4th of July parade. Mass murderers love it when we gather in groups.

I Said

Fuck the NRA, fuck the U.S. Senate, fuck the Second Amendment, and most of all fuck this illegitimate court. This has become a human rights issue-a public safety issue, a fucking right-to-life issue. Every American should have the reasonable expectation to go out for a walk, go the local Starbucks safely; it should not be a flip of the coin, situation.

Worse Than Roberts

John Robert’s has been Chief Justice since 2005.  He was nominated by George Bush the Younger and in my mind, Robert’s has been the spearpoint of a ruthless and relentless right-wing attack on democracy. During his tenure, the court has turned back democracy by 75 years, and privacy rights by 50. Even with Robert’s terrible record on gun control, voting rights, gerrymandering, campaign finance, abortion, and every other personal freedom imaginable, there are more dangerous and radical justices than John Roberts, and that clique is now apparently running the court.  Where as Robert’s style is to just keep chipping away at a law until over several years it vanishes into history, barely noticed. This new blatantly political court is ready to upend the apple cart, the hell with the consequences, in essence giving majority America the big middle finger salute.

Let it Go Alito, This Ain’t 1776

So, this now 6-3 ‘originalist’ court thinks it can push back all Progressive reforms since 1930. These folks are willing to snatch away Medicare and Medicaid, and the ACA of course, will fall. Gut the EPA. Ban abortions, nationwide. When you see an institution disregard established law and take up the task of writing new laws, just because they can; says to me that we are in a dangerous place. It seems apparent that swift action is necessary.

What I Think

This Thomas-Alito court seems hell bent on destroying any shred of validity this court ever had. The most recent public confidence polls show the court to be deeply unpopular.  The approval level of the court among all voters is at a jaw dropping 25%. Talk about Biden’s underwater numbers. As laws become more oppressive, affecting larger swaths of the population; enforcement may fail, in fact, it most likely will. As larger numbers of citizens commit the unenforceable crimes, police and prosecutors begin to ignore them. The overturning of Roe is so unpopular 70% of the country is in full revolt.

Anywhere, Anytime

The lawmakers just passed the first gun safety act in thirty years. My cynical side says, “a little is better than nothing.” My realistic side says, “not nearly enough.” As I said previously, the Second Amendment guarantees do not supersede those of LIFE, LIBERTY, AND THE PURSUIT OF HAPPINESS.  Yet, the radical ‘originalist’ court refuses to face the reality of a heavily weaponized country that needs some serious restrictions on gun access, not an open season on all of us, anywhere, at anytime.

Conclusion

When extreme decisions are pronounced without the support and acceptance of the population, those decisions become unenforceable. The court has no army, no police force to back up its decisions, the only thing the court has is its standing in the eyes of the country’s citizenry, and that includes law enforcement. It is time to enlarge the court, install term limits, and codify a standard of ethics these justices must adhere to. Right now, this radical right-wing abomination calling itself the “Supreme” court of the United States,  ain’t looking so “Supreme.”

 

Russian Cyber Attacks Targets and Purpose

Russian Cyber Attacks Targets and Purpose

Russian hackers are causing world wide problems.

Russian Cyber Attacks Targets and Purpose

By Joseph Wales and D. S. Mitchell

 

A Consistent Threat

Headlines linking Russia to a web of cyber attacks against a variety of sovereign nations has become daily bread for decision-makers and the public alike. Whether it’s the NotPetya attack, the recent shut down of the Colonial Pipeline, or meddling in foreign elections; Russia is a consistent and aggravating threat. Russia uses cyber operations alongside non-military and military methods to pursue its strategic goals. It views this as an ongoing information confrontation.

Back in Time

Russia began attacks on the United States in 1996 with the Moonlight Maze attack. The Moonlight Maze resulted in the theft of a massive amount of classified information from several U.S. government agencies. Those effected included NASA, the Department of Energy, the Defense Department, and numerous private sector entities and defense contractors. The attack caused a serious breach, compromising national security interests, strategies, and capabilities.

Ukraine Intimidation

Russian state-sponsored attacks are on the rise, most famously Russian cyber ninjas are behind the recent mischief in Ukraine. Several cyber events have  knocked out major government websites this month. This cyber-intrusion is aimed to intimidate society and destabilize the situation in the country, stopping the work in the public sector, and crushing citizens trust in the governing authorities.

What It Includes

Russia’s cyber warfare units employ hacker attacks, internet surveillance SORM technology, dissemination of  propaganda and misinformation, political trolling, and all means of social media manipulation. Most of these attacks, although not technically in house operations,  are still coordinated by the Russian FSB. The FSB replaced the notorious KGB, but a change in initials doesn’t change the mission.

How Many From Russia?

Over the past year, 58% of all cyber-attacks observed by Microsoft from nation-states came from Russia. Moreover, these attacks are increasingly effective, jumping from a 21% rate in 2020, to a 32% successful compromise rate in 2021. Russian nation-state attacks are increasingly targeting government agencies for intelligence gathering, which saw a hike from 3% to 53% in a year—these attacks target agencies involved in national security, defense, and foreign policy. The top three nations targeted by Russian cyber attacks were Ukraine, UK, and the United States.

Common Causes For Cyber Attacks

Most often, cyber-attacks occur because the attackers want something:

  • IT infrastructure
  • Clients’ lists
  • Customer database
  • Customers or staff’ email addresses and login details
  • Sensitive personal data
  • Customers’ financial details such as credit card data
  • Business’ financial details

Russian Motives

Putin’s motivation is different.  Putin life goal is to restore the territory lost with the collapse of the former Soviet Union. The Russian president views cyber-attacks as a natural extension for achieving his goals. For instance, how the Russian military hacked Olympic enemies for revenge, and how it hacked the Democratic National Committee to bolster Trump’s chances in the 2016 U.S. presidential election. Russians are mainly interested in influence operations without physical manipulation.

Classic Influence Operation

What we saw in the 2016 U. S. elections was a classic influence operation. This was also Putin’s aim when hacking Russia’s perceived Olympic enemies. Russia wanted information it could use against these enemies in social media campaigns. Manipulation of the news, creating new mind sets, instigating social rifts.

China, A Different Animal

On the other hand, China has also been actively involved in passive cyber-attacks. However, in the case of China, their main focus seems to center on economic, technology both military and civilian. They are going after intellectual property and stealing it to improve their advantage in world trade. For instance, they infiltrated and copied the plans of the fighter jets F-35 and F-22. The Chinese now have the largest navy in the world, thanks to learning many western secrets. The issues of Hong Kong and Taiwan are just below the surface.

Any Cut Back Coming?

Evelyn Farkas, a former defense official for Obama, argued that the Russian government would not be stopping state-sponsored cyber-attacks against America or any other nation, unless the consequences  were so painful that continuation of such behavior would be unthinkable. Despite President Biden’s meeting with Putin recently, the Russians seem immovable, denying responsibility for their ongoing computer attacks. During their meeting, Biden argued that some crucial infrastructures such as energy and water systems should be off-limits to any type of attack. Unfortunately, I don’t think there is enough mettle in the whole of the U.S. government to go after Putin and/or Xi Jinping with a cyber sledge hammer. Unless Putin and his cyber ninja forces are caused real pain, the attacks will continue.

 

Fears Of The Metaverse Are Justified

OPINION: Fears Of The Metaverse Are Justified

A metaverse is a network of 3 D virtual worlds focused on social connection.

OPINION: Fears Of The Metaverse Are Justified

Editor: The world of the future may be at hand. Like other new technologies the potential is great, the threat terrifying. The development of the metaverse should put us all on high alert for the nearly inevitable privacy abuses, misinformation campaigns,  and unprecedented targeting.

By Joseph Wales

A New Name

In late 2021, Mark Zuckerberg introduced Meta as the parent company to Instagram and Facebook. This move left many of us in the dark; not understanding what Meta is and the future direction of the company. Since the announcement it has emerged that the main idea behind Meta is developing a 100% virtual world with AI (Artificial Intelligence) and VR (Virtual Reality) enhancements. A world where our interactions will be more digital than physical. The technology growth rate is at an all-time high. Most believe that the tech gurus have more power than they deserve and legal restrictions are necessary. Before we go into the nitty-gritty details, let’s look at what metaverse is.

What Is The Metaverse?

As mentioned above, think of the metaverse as a virtual universe. The metaverse combines numerous technologies, including Augmented Reality (AR), Virtual Reality (VR), and eye-tracking. These technologies combine to create the ultimate virtual experience. Now might be a good time to read or watch “Ready Player One.” It is a story set in 2045, where all people turn to VR to escape the real world. The feature could help you get a rough idea of how a metaverse might look.

What Is Inside The Metaverse?

The metaverse is usually digital assets, 3D avatars, games, and businesses. Each metaverse can have their virtual economy. There are endless activities to engage in while in the metaverse. You could meet friends, join virtual events, host business meetings, monetize your creations, and so on. The metaverse closely resembles the real world. Most have their own economies and accept virtual currency. For instance, Cryptoxles, a metaverse, accepts ETH, while Decentraland uses their original currency, MANA. The only significant difference is that you can travel the world, go to the store, climb Mt. Everest, all from your home’s comfort. Access to the metaverse is via an VR headset.

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Cryptocurrency: A Quick Guide

Cryptocurrency: A Quick Guide

'Crypto' is any form of digital or virtual currency that uses cryptography to secure transactions.

Cryptocurrency: A Quick Guide

Quite simply, cryptocurrency is digital money. It does not exist in the real world. There are no physical coins, or bills associated with it. It is not like stocks, real estate, jewelry, art, gold, and other valued metals. Cryptocurrency has no use or value other than the possession of it.  Cryptocurrencies are not associated to valuable assets — they are not tied to anything of value in the real world, and this often causes the ‘value’ to fluctuate erratically. 

By Mahinroop PM

‘Crypto’ Defined

Cryptocurrency or ‘crypto’ is any form of digital or virtual currency that uses cryptography to secure transactions and advanced coding to store and transmit cryptocurrency data between wallets and public ledgers. Cryptocurrencies do not have a central regulatory authority and they use a decentralized system to record transactions. Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. Cryptocurrency is a peer-to-peer system which enables anyone to send and receive payments anywhere in the world.  The cryptocurrency payments exist as digital entries to an online database featuring specific transactions. The transactions are recorded in a public ledger when cryptocurrency funds are transferred and cryptocurrency is stored in digital wallets.

Bitcoin Emerges

The ultimate aim of cryptocurrency encryption is to provide privacy, security and safety. Bitcoin, was founded in 2009, and was the first cryptocurrency. Bitcoin is unquestionably the best known cryptocurrency and is traded like other entities for profit. Skyrocketing prices make cryptocurrency hugely popular among speculative and passionate investors. Other clever and passionate crypto investors use ‘mining’ to make money.

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Reading The Fine Print Before You Sign

Reading The Fine Print Before You Sign

READING THE FINE PRINT:

17 Phrases To Understand Before You Sign

By D. S. Mitchell

Red Flags

Most consumer contracts and service agreements contain a lot of legaleeze. Best selling author Bob Sullivan warns consumers to read the fine print. Red flags should go up when you see any of the following common phrases in a contract you are about to sign.

1.)Free”  We all know nothing is free. You have probably heard the expression, “if you aren’t paying for the product-then you are the product.” The meaning of course is that your personal information is probably being sold to advertisers. OR, maybe it is free now, but you may be committing to pay later. WHICH, takes us to:

2.) “Free Trial”  You often see phrases like this one, “Free 30 day trial.” (We won’t charge your card until the end of the trial period.) Do you really expect to remember to cancel on the 29th day?  Corporations have spent millions of dollars to learn that the average consumer will not cancel before the end of the 30 day period.  

3.) “Reduced Price for Six Months” This one falls in the same category as ‘introductory price offer’ and ‘free trial’ scam.  $59.00 a month for six months may sound great in January, but if it is going up to $150.00 in June is it actually a good deal? You are the only one that can decide that. And again, will you remember to cancel before July 1st if you decide that the high monthly price after the six month period isn’t worth it?

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Care of Personal Information

Keeping private information private. Knowing when and what to shred.

Care Of Personal Information

D. S. Mitchell

Old Magazines

I was in my home office going through old magazines trying to decide what to send to the recycler and what to keep for later reference when I flipped through a February 2016 Reader’s Digest article that offered information on shredding. Most importantly they described when and what to shred.  It seems our greatest danger is through ‘mass hackings’ of our credit information. No matter how cautious we are our greatest danger is as victims of other people’s carelessness, or bad intent.  But, every bit of protection we can develop should help keep our private information private. Kelsey Kloss article suggested the following things, we as individuals can do to protect ourselves.

Take Special Precautions with:
  1. Receipts: If you aren’t saving the receipt for taxes or other purposes and you made your purchase with a credit or debit card shred it. The receipt shows the last 4 digits of the card number and possibly your signature. Those clever crooks can use receipts for fraudulent returns and benefit from your store credit.
  2. Prescription Labels: Sometimes they are stapled to the prescription bag or on the bottle. Labels frequently list your name, date of dispensing, name and strength of the drug and dispensing pharmacy.  Crooks can use the information to refill prescriptions or steal your identity.
  3. Pet Medical Documents: Keep records of major events for the pets health history, but shred the rest.  The paperwork will show your name, address, phone and the pet’s name, which according to many studies to be the most common computer password choices.
  4. Airline Boarding Passes: Shred after landing. The boarding pass will show your name, your itinerary, and a bar code that in some cases will show your frequent flier number, which would allow thieves to “log in to airline accounts to view upcoming travel plans, check in to flights, and even cancel trips.”
  5. Return Labels: Shred free return labels that come in the mail and any envelopes showing your name and address. When writing a return address on an envelope omit your name. Identity thieves will use that information to collect more information from social media and piece together your identity.

Remember, any little thing we can do to help keep our private information private should be considered important. Do it, you’ll be glad you did.