*Magnify*
SPONSORED LINKS
Printed from https://www.writing.com/main/profile/blog/cathartes02/day/2-14-2019
Rated: 18+ · Book · Personal · #1196512
Not for the faint of art.
Complex Numbers

A complex number is expressed in the standard form a + bi, where a and b are real numbers and i is defined by i^2 = -1 (that is, i is the square root of -1). For example, 3 + 2i is a complex number.

The bi term is often referred to as an imaginary number (though this may be misleading, as it is no more "imaginary" than the symbolic abstractions we know as the "real" numbers). Thus, every complex number has a real part, a, and an imaginary part, bi.

Complex numbers are often represented on a graph known as the "complex plane," where the horizontal axis represents the infinity of real numbers, and the vertical axis represents the infinity of imaginary numbers. Thus, each complex number has a unique representation on the complex plane: some closer to real; others, more imaginary. If a = b, the number is equal parts real and imaginary.

Very simple transformations applied to numbers in the complex plane can lead to fractal structures of enormous intricacy and astonishing beauty.




Merit Badge in Quill Award
[Click For More Info]

Congratulations on winning Best Blog in the 2021 edition of  [Link To Item #quills] !
Merit Badge in Quill Award
[Click For More Info]

Congratulations on winning the 2019 Quill Award for Best Blog for  [Link To Item #1196512] . This award is proudly sponsored by the blogging consortium including  [Link To Item #30dbc] ,  [Link To Item #blogcity] ,  [Link To Item #bcof]  and  [Link To Item #1953629] . *^*Delight*^* For more information, see  [Link To Item #quills] . Merit Badge in Quill Award
[Click For More Info]

Congratulations on winning the 2020 Quill Award for Best Blog for  [Link To Item #1196512] .  *^*Smile*^*  This award is sponsored by the blogging consortium including  [Link To Item #30dbc] ,  [Link To Item #blogcity] ,  [Link To Item #bcof]  and  [Link To Item #1953629] .  For more information, see  [Link To Item #quills] .
Merit Badge in Quill Award 2
[Click For More Info]

    2022 Quill Award - Best Blog -  [Link To Item #1196512] . Congratulations!!!    Merit Badge in Quill Award 2
[Click For More Info]

Congratulations! 2022 Quill Award Winner - Best in Genre: Opinion *^*Trophyg*^*  [Link To Item #1196512] Merit Badge in Quill Award 2
[Click For More Info]

   Congratulations!! 2023 Quill Award Winner - Best in Genre - Opinion  *^*Trophyg*^*  [Link To Item #1196512]
Merit Badge in 30DBC Winner
[Click For More Info]

Congratulations on winning the Jan. 2019  [Link To Item #30dbc] !! Merit Badge in 30DBC Winner
[Click For More Info]

Congratulations on taking First Place in the May 2019 edition of the  [Link To Item #30DBC] ! Thanks for entertaining us all month long! Merit Badge in 30DBC Winner
[Click For More Info]

Congratulations on winning the September 2019 round of the  [Link To Item #30dbc] !!
Merit Badge in 30DBC Winner
[Click For More Info]

Congratulations on winning the September 2020 round of the  [Link To Item #30dbc] !! Fine job! Merit Badge in 30DBC Winner
[Click For More Info]

Congrats on winning 1st Place in the January 2021  [Link To Item #30dbc] !! Well done! Merit Badge in 30DBC Winner
[Click For More Info]

Congratulations on winning the May 2021  [Link To Item #30DBC] !! Well done! Merit Badge in 30DBC Winner
[Click For More Info]

Congrats on winning the November 2021  [Link To Item #30dbc] !! Great job!
Merit Badge in Blogging
[Click For More Info]

Congratulations on winning an honorable mention for Best Blog at the 2018 Quill Awards for  [Link To Item #1196512] . *^*Smile*^* This award was sponsored by the blogging consortium including  [Link To Item #30dbc] ,  [Link To Item #blogcity] ,  [Link To Item #bcof]  and  [Link To Item #1953629] . For more details, see  [Link To Item #quills] . Merit Badge in Blogging
[Click For More Info]

Congratulations on your Second Place win in the January 2020 Round of the  [Link To Item #30dbc] ! Blog On! *^*Quill*^* Merit Badge in Blogging
[Click For More Info]

Congratulations on your second place win in the May 2020 Official Round of the  [Link To Item #30dbc] ! Blog on! Merit Badge in Blogging
[Click For More Info]

Congratulations on your second place win in the July 2020  [Link To Item #30dbc] ! Merit Badge in Blogging
[Click For More Info]

Congratulations on your Second Place win in the Official November 2020 round of the  [Link To Item #30dbc] !
Merit Badge in Highly Recommended
[Click For More Info]

I highly recommend your blog. Merit Badge in Opinion
[Click For More Info]

For diving into the prompts for Journalistic Intentions- thanks for joining the fun! Merit Badge in High Five
[Click For More Info]

For your inventive entries in  [Link To Item #2213121] ! Thanks for the great read! Merit Badge in Enlightening
[Click For More Info]

For winning 3rd Place in  [Link To Item #2213121] . Congratulations!
Merit Badge in Quarks Bar
[Click For More Info]

    For your awesome Klingon Bloodwine recipe from [Link to Book Entry #1016079] that deserves to be on the topmost shelf at Quark's.
Signature for Honorable Mentions in 2018 Quill AwardsA signature for exclusive use of winners at the 2019 Quill AwardsSignature for those who have won a Quill Award at the 2020 Quill Awards
For quill 2021 winnersQuill Winner Signature 20222023 Quill Winner

February 14, 2019 at 12:32am
February 14, 2019 at 12:32am
#951954
https://www.economist.com/finance-and-economics/2019/02/09/what-happens-when-you...

Ah... the frisson of schadenfreude.

BITCOIN WAS introduced to the world in August 2008, in the aftermath of the financial crisis. According to its techno-libertarian fan-base, one of its main attractions was the promise that users could avoid dealing with the hated banks. But after a decade of amateurism, scams and billions of dollars of lost or stolen money, it is clear that many of the ramshackle institutions that play the role of banks in the cryptocurrency world make even their most reckless conventional counterparts look like paragons of good management.

As an aside, there is literally no reason why anyone should be dealing with the Big Banks if they don't want to. While it will take a little work and maybe a little more planning, there are alternatives that don't involve ephemeral blockchain wizardry. Your local credit union, for example. Or national institutions such as USAA or Discover Bank. "But I like having the convenience of ATMs!" Yes, that is why these alternatives usually have deals where you get free withdrawals from any ATM. Most of them even have deposit-by-phone for checks. There are also debit cards available if you must go that route. And if you use credit cards or have/need a mortgage or whatever, there is, as I said, absolutely no reason you should ever have to deal with Wells Fargo and the like. And if people would stop dealing with Wells Fargo, they'd either have to change their ways or go out of business. Or, admittedly, pay off politicians to make the other banks go away, but that strikes me as way too obvious to ever actually work.

Anyway.

The latest example is QuadrigaCX, a Canadian cryptocurrency exchange that was granted protection from its creditors on February 5th. The problem, according to the firm, is not that it has lost its customers’ money, but that it cannot get to it. It says that Gerald Cotten, its boss, died unexpectedly in India in December.

And this is where the schadenfreude comes in. Look, I didn't know the guy, but I'm not celebrating his death; that's not the point. The point is that, unless he was delusional enough to believe in the Singularity or the promise of consciousness uploads - and, to be sure, anyone involved in cryptocurrency could easily be that whacked - he knew he was going to die, just as we all do. So it's not his death that amuses me; it's the fact that...

Mr Cotten was in sole charge of handling deposits and payouts, running everything from an encrypted laptop to which only he knew the password.

Now, to be fair, I don't have my passwords written down anywhere, either. That's just common sense. But then, I don't have (nominally) billions of dollars worth of bits hidden away in my laptop. Some stories and poems, some spreadsheets, some games, some porn, that's about it. Nothing anyone will miss when I inevitably kick it.

I can't say I really understand cryptocurrency. I have a vague understanding of what blockchain is, in a theoretical sense, and why it can underpin cryptocurrency. Thing is, though, I'm sure a lot of people don't understand cryptocurrency. But a lot of those people think they do, hence you get the wild speculation that we saw a couple years ago, culminating in a Dutch tulip-style bubble. That is why I call cryptocurrencies "Dunning-Krugerrands."

And I have a pretty firm rule about speculating in experimental markets: that is, don't speculate in experimental markets. You're better off going to Vegas, and that's not saying much.

Right now if any cryptofans are reading this, they're probably going, "Okay, sure, bitcoin isn't based on anything real, but neither are US dollars. ZING." Well, you have half a point. US dollars - most world currencies - are fiat currencies, meaning their value is pegged to no commodity (most used to be pegged to gold or silver, but that ended years ago). The USD is backed by the US government, which, despite attempts from all sides to bring it to a screeching halt, still keeps chugging along, if only on two cylinders. So, yeah, if the government collapsed, dollars would be worthless, just as bitcoins (or whatever) are worthless in the scenario in the linked article. But there's one important difference: If the US government actually collapsed, we'd have FAR bigger problems than the nominal value of the pieces of paper in our pockets. Contrariwise, if the owner of a cryptocurrency blockchain dies without a succession plan, you're boned - but you're still living in a semi-functioning economy.

Okay, enough of that. Yeah, some people bought bitcoins (or whatever) and got lucky. A lot of other people did not. Point is, a whole lot of people who really didn't understand what they were getting into are now boned. I can't feel sorry for them, though; it was a greed thing and not what anyone with any sense would call a wise investment. Look, you wanna gamble, I'm certainly not one to judge. But if you did, I don't think you knew the actual odds. And that's what's reckless, not the gambling itself.


© Copyright 2024 Robert Waltz (UN: cathartes02 at Writing.Com). All rights reserved.
Robert Waltz has granted Writing.Com, its affiliates and its syndicates non-exclusive rights to display this work.

Printed from https://www.writing.com/main/profile/blog/cathartes02/day/2-14-2019