All posts by pearlcorker

I am a University student struggling to grasp the Spanish language whilst blogging my way through a media and communications degree and trying to understand why everyone doesn't love my border collie Bart as much as I do.

A Guide To Cryptocurrencies

The Guinea Pig Generation

Literature

Bitcoin: A Peer to Peer Electronic Cash System (2009) Satoshi Nakamoto 

The original ‘White Paper’ of Bitcoin written by the still mysterious Satoshi Nakamoto, the pseudonym used by Bitcoins inventor(s). The paper theorises an online payment system in which electronic cash is sent directly from one user to another without the need for a third-party institution such as a bank. It is now recognised that Nakamoto did more than invent a currency. He also solved a longstanding problem in computing, to do with data and networks. His solution was complex, but it involved the use of an infrastructure comprising “blocks” of confirmed transactions that form a chronologically linked “chain”. This paper is essential reading for anyone wanting to understand the theory behind blockchain and how Bitcoin was born. It is important to note that before every new cryptocurrency is launched, a white paper is written by its creators. A white paper…

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Bitcoin Part 2

The Guinea Pig Generation

In my previous post ‘Paypal is to Ebay what Bitcoin is to the dark-net’  I discussed the both positive and negative uses and potentials of cryptocurrencies for the future. This post will delve further into exisiting research surrounding cryptocurrencies and what will eventually become an extension of the digital artefact conducted by previous student of university subject BCM325 (Future Cultures) @eddiesmedia, which can be found here.

Bitcoin was first conceived by an anonymous person/people called Satoshi Nakamoto (the true identity of which remains unknown) in 2008 through the paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. It describes an electronic payment system based on cryptographic proof (the art of communication via coded messages) allowing any two willing parties to transact directly with each other without the need for a trusted third party (Nakamoto, 2008, p1).

Much of the existing literature on cryptocurrencies focuses on the how of bitcoin. Technologist and computer…

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‘Live Tweeting’ also known as, the most exhausting way to watch a film EVER

The Guinea Pig Generation

Never would I of imagined how difficult it would be to focus on the story line of a film, whilst producing thought provoking social commentary, and engaging with others at the same time….

200wSource

Thank you Jimmy Fallon for that very accurate re-enactment of me trying to keep it together whilst live tweeting.

For the past seven weeks I have been engaging in the act of ‘live tweeting’, something I had never even really heard of before starting my current university subject BCM325, entitled ‘Future Cultures’ (search the hashtag #BCM325 on twitter and thank me later). After some research I found that Game of Thrones (GOT) is a television series that has been live tweeted to death, here is a tremendously funny thread of T-Pain live tweeting his reactions to the finale of GOT.

So what is the purpose of live tweeting?

Canva explains that live tweeting an event or an experience…

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Paypal is to Ebay what Bitcoin is to the dark-net

The Guinea Pig Generation

Have you ever thought about why you should have to pay fees to keep your hard earned cash in a bank?….

Banks are some of the wealthiest companies in the world and it has only been up until recently that most big banks in Australia have stopped charging customers transaction fee’s to withdraw their own money from an ATM. Secondly, banks accumulate a wealth of data on customers spending habits. This data can be very valuable information for advertising companies and governments to create customer profiling and effectively produce more data trends as Barclays started doing in 2013 (Jones, 2013, The Guardian).

But what if there was a way of cutting out the middle man?

As society becomes more and more virtual, demand to be able to pay for goods and services with virtual currencies in a decentralised way has resulted in the invention of cryptocurrencies, ruling out the need…

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