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      "body": "Congratulations @unc0nventi0nal! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@unc0nventi0nal/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@unc0nventi0nal) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=unc0nventi0nal)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "**Outline:**\n- The Dutch Tulip Bubble\n- Dot.com bubble\n- 2008  Financial Market Crisis\n\n**The Dutch Tulip Bubble**\nIt is generally thought to have been introduced to the Dutch in 1953 from Turkey. They were different from any other plants present in Europe at the time and thus they became luxury products. It became extremely lucrative to deal in Tulips with a single voyage yielding up to 400% in profits for the sailors. By 1636 it had become the Netherlands fourth leading export. \n\n![tulip old.jpg](https://steemitimages.com/DQmeQrAEch6tGmjEaEkDrScSf6gu7FPiXT7QkCzkYCwHpCU/tulip%20old.jpg)\n\nA non-fatal virus called Mosaic infected the plants causing \"flames\" of colour to appear on their petals. This increased the rarity of these flowers. Already selling at a premium, the price began to rise dramatically according to different virus alterations. This lead to speculation in the futures markets which saw Tulips exchange hands ten times a day. Garden centres began to filling up inventories for growing season. This further fuelled the prices leading to a 20-fold increase in one month! Soon the mania spread to most of the population with people willing to trade 12 acres pf land or a ten year salary for a skilled merchant for a single tulip.\n\nThe crash came, inevitably, when people tried to cash out causing a domino effect where the market collapsed. The Government did try and step in to stem the crash but their attempts were futile. The traders were left with essentially worthless tulips.\n\n**Dot.com bubble**\nOriginally, the internet had been developed by the US military who had underestimated demand for it. It users had skyrocketed to 18 million users. It happened to coincide with the low interest rates set by the fed after the Taxpayer's Relief Act of 1997 that left investors hungry for returns. Internet companies started popping up along with buzzwords: \"consumer-driven\", \"new-paradigm\". \n\nThese seemed to put the investors in a trance as they invested millions in companies that weren't making cash or even worse making losses. The investors expected these companies to grow to Microsoft size as shown by their mottos: \"get big fast\", \"get large or get lost\". The thought of tantalising profits made the market lose it's collective mind. That year saw 457 IPO's making most employees millionaires and some billionaires(Mark Cuban).\n\nThe music stopped when the companies started reporting huge losses or folded completely. The crash was exacerbated by the 9/11 attacks, the Japan recession caused a sell-off and Greenspan raised interest rates.\n\n**2008  Financial Market Crisis**\nAnother low interest rate period which coincided with high global savings rate caused investors to look for higher returns around the globe. Coincidentally a housing boom was taking place in the U.S. Skyrocketing home values caused people to take out mortgages in for spending. This led to the invention of Mortgage Backed Securities(M.B.S) which in some way hid the real risk of these loans. Most lending institutions had lowered their rating standards, they gave out loans to \"anyone with a pulse and credit score\" - sub prime loans. These were packaged and sold in various financial products such as Collateral Debt Obligations(C.D.O's) and MBS.\n\n![2008capitalism_crash2.gif](https://steemitimages.com/DQmTSr64FTW8x7SXx21B3r55gv7dmvyTSWQBumKBRkUbmmN/2008capitalism_crash2.gif)\n\nWhen the default rates started to increase these securities essentially became worthless. Some banks were extremely levered up and had significant exposure to the markets. They were facing an insolvency crisis and furthermore a credit freeze. Banks were either acquired like Bear Sterns by JP Morgan or allowed to like Lehman Brothers. Aggressive government actions eased panic and saved the world economic system.\n\n**Review**\n- Bubbles are caused when people are willing to spend more for a product that it's intrinsic value. \n- Sometimes the fed can inflate bubble by low interest rates\n\n**PS:**If you want a more in-depth look of the 2008 Financial Market Crisis watch a movie called The Big Short.",
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      "author": "unc0nventi0nal",
      "body": "**But first an introduction**\nA petrodollar is any dollar paid to oil exporting countries in exchange for their sweet sweet oil. The U.S dollar currently dominates world transactions as it's part of the world reserve currencies.\n\n(https://steemitimages.com/DQmVSTdHk8NAugGwx54362QkJnLCMAoy91oFoiJhfE2t6K8/petrodollar.jpg)\n\n**How did this come to be?**\nHow did the petrodollar come into being?\nIn 1974, the U.S. agreed that they would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would invest their revenue back into treasury bonds and finance America’s spending(The world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, granting them an advantage in excess of $100 billion per year).\nSince that 1974 agreement between U.S. President Richard Nixon and Saudi King Faisal, Saudi Arabia has accepted payments for nearly all of its oil exports in dollars. Other OPEC countries would swiftly follow.\n\n**Implications for this trade**\n- For another country to buy oil it requires US dollars.To get this dollars it has various options:Exchange it's national currency for the dollar or produce goods and export them to America. Countries choose the latter option as it is the cheapest one. Through this the US has been able to finance itself. The countries are left with dollars and have no other option but to invest into treasury bonds and US companies. This trade has propped the dollar up and kept interest rates on the debt low.\n- The US can print money and use it to buy oil - that is amazing, no other country in the world can do that. Essentially it can export inflation to the world.\n- It has allowed the US great power in executing their foreign policy for example sanctions in Iran for refusing to halt their nuclear program or on Russia for annexation of Crimea.\nWhy won't anyone leave this arrangement?It seems those that do try are met with misfortunes.Ask Saddam Hussein(within days of their invasion of Baghdad they had reinstated the petrodollar trade, coincidence?) or Muammar Gaddafi.\n\nThe rest of the world has caught up to the great ruse by the U.S and countries are looking to circumvent the petrodollar trade. Even China called for an end to the US dollar as the world's reserve currency(ironic since they are the world's largest holder of US debt and dollars).\nRussia as well as Iran are not amused by crippling U.S sanctions and would be interested in circumventing the petrodollar.\n\nChina will increasingly get frustrated as they have to buy oil from the Saudis in dollars yet they have overtaken the U.S as the largest importers of oil. In time the Saudis will have to sell their oil in yuan. Thus the petroyuan has come into play with the start of oil futures starting to trade on the Shanghai exchange. It is expected to be widely adopted and could take away as much as 800 billion dollars from the U.S.\n\n**How could this affect the US?**\n- It could potentially lead to a decline in the dollar and higher interest rates on U.S debt. \n- It could make the U.S reconsider foreign policy.\nBut this might not happen overnight and changes will take time.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://news.samsung.com/global/samsung-develops-battery-material-with-5x-faster-charging-speed",
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      "body": "**What is it?**\n\nThe graphene age?\n\n![Graphene.jpg](https://steemitimages.com/DQmUi9MjsLQRrpgmyKe3BXXY8pTBFG8AGT9oo9PPmkbRF4n/Graphene.jpg)\n\nIt's a one atom thick lattice of carbon atoms.It's the strongest material ever tested, biodegradeable, bio-compatible(cyborgs!), efficiently conducts heat and electricity and is nearly transparent. \n\nPotential applications include solar cells, medicine,  see-through touch panels and smart windows or phones.\n\n![iphone-8-concept-1.jpg](https://steemitimages.com/DQmQefjF74heExvddWJyXkKQ2oP87jzkNxJAeLqq4mQh4Ns/iphone-8-concept-1.jpg)\n\nIt was originally observed in electron microscopes in 1962. The material was later rediscovered in 2004 by two scientists, resulting in the two winning the Nobel Prize in Physics in 2010.\n\n\n**How close are we?**\nPretty close. Production has been rising exponentially, among other reasons.\n\n![production.png](https://steemitimages.com/DQmdPPqTC7zX5XSUE7arCYBhmwvUDQbmY2fh2VTEu34zsVT/production.png)\n\nGraphene batteries serve as energy storage alternative to traditional electrolytic batteries. Among advantages are fast charging, long life span and environmentally friendly production. \nA team of researchers at the Samsung Advanced Institute of Technology (SAIT) developed a “graphene* ball\", a unique battery material that enables a 45% increase in capacity and five times faster charging speeds than standard lithium-ion batteries.  Standard lithium batteries requiring charging times of at least an hour to fully charge, even with quick charging technology(which is thought to have reached it's limit).This could reduce charging time to minutes!\n\nThe team discovered a mechanism to mass synthesise graphene into a 3D form like popcorn. This “graphene ball” was utilised for both the anode protective layer and cathode materials in lithium-ion batteries. This ensured an increase of charging capacity, decrease of charging time as well as stable temperatures(which will increase it's longetivity).\n\n**A future to look forward to**\nFaster charging phones and EV's\nLonger battery life\nMore environment friendly battery production\nCyborgs, yes seriously!\nSmaller, more efficient processors\nSee-through smart windows",
      "json_metadata": "{\"tags\":[\"sciencetechhealth\"],\"image\":[\"https://steemitimages.com/DQmUi9MjsLQRrpgmyKe3BXXY8pTBFG8AGT9oo9PPmkbRF4n/Graphene.jpg\",\"https://steemitimages.com/DQmQefjF74heExvddWJyXkKQ2oP87jzkNxJAeLqq4mQh4Ns/iphone-8-concept-1.jpg\",\"https://steemitimages.com/DQmdPPqTC7zX5XSUE7arCYBhmwvUDQbmY2fh2VTEu34zsVT/production.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "permlink": "are-we-entering-a-new-age",
      "title": "Are we entering a new age?"
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      "author": "unc0nventi0nal",
      "body": "But we all like Moore, don't we?\n\nPardon the pun.\n\nMoore's law is the observation that the number of transistors in a dense integrated circuit doubles approximately every two years.\nMoore's prediction has proved accurate for several decades, and has been used in the semiconductor industry to guide long-term planning and to set targets for research and development.(Self fulfilling prophecy?)\n\n![1920px-Moore's_Law_Transistor_Count_1971-2016.png](https://steemitimages.com/DQmS3kcHWwrgP8xUJqtcDdyVh1Gvp1AMMm3ZS2xUyiwaAMU/1920px-Moore's_Law_Transistor_Count_1971-2016.png)\n\n**Just how do they do it?**\n\nFor reference the HIV virus is 120 nm in diameter; so it's quite genius how it's done.\nHere's a wikipedia link: https://en.wikipedia.org/wiki/Semiconductor_device_fabrication\n\nHere's my TL;DR:\nThey coat a wafer(a thin slice of silicon) with a substrate.\nThen using a magnifier and light, they etch the design of the features onto the substrate using light projected through a mask. \n\n![1280px-Semiconductor_photomask.jpg](https://steemitimages.com/DQmUut6XezAWP78zGvtdP9578L91KrWvSF3SJ3QtvPEjJJz/1280px-Semiconductor_photomask.jpg)\n\nThe areas that were exposed to the light are washed away leaving only the photoresist.Later, the photoresist is then washed away to leave only the substrate.\n\nHere's a super TL;DR\n\n![Photoresist_of_Photolithography.png](https://steemitimages.com/DQmewTMQbwE8XLwxMyKwy1isdxYHavin48fKSyxDGRHzYmG/Photoresist_of_Photolithography.png)\n\nAfter this process they are interconnected to form the desired electrical circuits. Although it does seem like an exact science,  yields can be as low as 30%. The proportion of devices on the wafer found to perform properly is referred to as the yield. That's why the labs look like a lab used by an evil corporation to carry out experiments on other people:They need to be spotless.\n\n![Clean_room.jpg](https://steemitimages.com/DQmZEKLfSgqwYmhzr6izn19Pj3dh81sFzi8oGv1LgeXvGSP/Clean_room.jpg)\n\n**Party is over**\n\nThe party is about to come to an end; processors are about to hit their physical limits along with the Laws of Physics.\nThe smallest, commercially manufacturable, chip fabrication process is the 10nm(like the snapdragon 845). The 7nm scale technology is expected in 2019(See if Moore's Law holds up). Any smaller and Physics wags it's fingers at us in disapproval.\nAh, the effects of quantum tunnelling. The transistors would be so close together that the electron would just skip to the other side, which defeats it's purpose, and would never have an off state. \nGranted, there are smaller transistors: How about a single atom?(https://en.wikipedia.org/wiki/Single-atom_transistor).\nIt would be difficult to produce at a large scale.\n\nWait, why what about photonic integrated circuits?\n\nWhy is a smaller process  better?\n\n- It will require a smaller silicon chip, thus less expensive to manufacture.\n- It will be more power efficient.\n\nYes, Moore's Law is going to be broken. (Don't be sad because it ended, be happy because it happened - Dr.Seuss).\n\n**Review**\nTransistors are hitting physical limits.\nSmaller, more efficient processors are coming to your phones.\nPhotonic ICs, which use light rather than electrons, may be the future.",
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      "author": "cryptojamesyou",
      "body": "interesting read, hopfully its not soon haha",
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      "author": "unc0nventi0nal",
      "body": "Allow me to explain\n\nQuantum computers are devices with the ability to do many parallel calculations simultaneously by leveraging properties of quantum physics.\n\nThe company that builds and maintains them, Dwave Systems, wants to make them accessible to the public through the cloud (https://www.cnbc.com/2018/02/23/d-wave-is-raising-money-to-bring-quantum-computing-to-public-cloud.html).Should they?  - With great powe...\n\nCurrently, the largest quantum computers is 2000 qubits, it can represent 2^2000 states(which is a lot); it is specialized so it can only carry out some tasks.\n\nAt the International Conference on Quantum Technologies (ICQT-2017), Mikhail Lukin announced that his team had successfully created a 51-qubit quantum computer capable of, in theory, executing general computations.(Scary stuff!)\n\n![quantum_computer.jpg](https://steemitimages.com/DQmRGct6Sa8N3siX4nHeTZ4yJLYJqmohnNUDiYM2oMR4UGW/quantum_computer.jpg)\n\nCryptography relies on the fact that brute force attacks are infeasible.It's difficult, and damn near impossible, to find a p and q where M = p*q for a sufficiently large M in a practical amount of time.Here's a great illustration by 3blue1brown on how secure 256-bit hashes are:\n\n(https://www.youtube.com/watch?v=S9JGmA5_unY) \n\nMore time than the universe has existed? \n\n![google_dwave_q_comp.jpg](https://steemitimages.com/DQmTeSjMUZnR3Vr5Weprxkx7Ly9Yj35fBB62pvSDCWu8sAv/google_dwave_q_comp.jpg)\n\nAlthough the claim above was refuted, it doesn't make any less impressive(The tests were specialized and designed to it's advantage).\n\nIn the near future, general purpose quantum computers with sufficient qubits could in theory break modern cryptography (and with it cryptos, through a  51% attack), in seconds rather than billions of years it would currently take.Whop would trust in crypto anymore?\n\nNot all cryptos could be compromised by a 51% attack, others with different algorithms(Proof-of-stake) would probably not be affected. On the other hand, a form of a 51% attack is possible with less than 50% of the network's mining power, but with a lower probability of success.\n\nHas it already happened?\n- The mining pool ghash.io briefly exceeded 50% of the network's computing power in July 2014, the did put out a statement promising not to reach 40% of the total mining power in the future.\n- Krypton and Shift, two blockchains based on ethereum, suffered 51% attacks in August 2016.\n- The tangle(IOTA Blockchain),a third generation blockchain, could be compromised by an attacker through a 34% attack.\n\nBreak modern cryptography here:(https://quantumexperience.ng.bluemix.net/qx/experience\\)\n\nWith the advent of quantum computers would this be the norm?Not quite.\n\nSeveral solutions have been brought forward:\n- We could use longer hashes and require larger keys and all would be fine! -so simple,right?\n- There are some other encryption standards in the works but generally less disruption is preferred.(https://en.wikipedia.org/wiki/Post-quantum_cryptography)\n\nTL;DR\n- Quantum computer are BAD!They can break modern encryption. :(\n- The ones in operation are specialized, so nothing to worry about.\n- Post quantum computing cryptography would require some change to our systems, though not a radical one.",
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      "author": "universalpro",
      "body": "Hello mate a very warm welcome to steemit...I hope you really enjoy being here and learn a lot from this community...happy steeming and enjoy.",
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      "author": "hiranur",
      "body": "welcome join steemit, give your imagination here",
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      "author": "mountainwashere",
      "body": "@Mountainwashere's Guide for New Users:\n\nWelcome to Steemit! It's got a steep learning curve, but it's worth it in the long run if you keep putting in the time! Just know that it will take quite a while before you start getting attention and followers. The biggest secret to success? Keep posting high quality content regularly, and make sure to search out other people's posts, read them, and give relevant comments.\n\nTagging is extremely important. Always make sure to use all five possible tags, and to keep them relevant. You can always just tag something \"blog\" or \"photography\" or something else really general (so long as it's still relevant) to fill the quota if you need to- most of your tags should be established ones, though one or two less used ones are fine.\n\nPosting more than four times a day can reduce your potential rewards, as well as turning off potential users. (I aim for one post per day most of the time.) Consistency is important, though, so try to have a regular posting schedule. You should also be sparing with resteems- only do it for really important posts. (I resteem a post once a month or less, generally.)\n\nAlways make sure to attach a photo to your posts! You should also have a finished profile: Write a description, add a profile picture and a banner- neither needs to be a photo of you, necessarily, but you should have something- and set a website.\n\nThere are a lot of really good resources out there for plankton and minnows (new users). You should check out the following groups and services, they offer a lot of valuable resources:\n\n@thesteemengine (Check this one out first- they're an extremely supportive group that can help out in a lot of ways.)\n@qurator (These guys offer an excellent liftime upvote to accounts that post consistent quality content.)\n@steembasicincome (Another lifetime upvote option.)\n@steemstem (The biggest and best STEM curation group in the game. If you're interested in writing or reading about science, check these guys out!)\n@geopolis (A fairly new science curation group, this one's dedicated to the study of the Earth.)\n@ocd (A curation group that seeks out undervalued new writers.)\n@photocontests (Runs contests and provides other support for photographers.)\n\nMuch of the activity on steemit actually takes place off Steemit, on places like steemit.chat and discord. Learning to use them is a great idea.\n\nAnd, again, the biggest thing is just patience. Breakout successes are incredibly rare on Steemit- you've got to find your way to success through perseverance and hard work. It takes time, but you'll eventually succeed if you put in the work.\n\n*Please feel free to repost this guide on the posts of other plankton & minnows you run into (though I'd appreciate it if you credit me.) If it was useful to you, feel free to check out my posts and give me a follow!*",
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      "author": "psionic-tremors",
      "body": "Good Question! I think it might would help some newbies to overcome their fear to write the wrong things or beeing boring. I was in the same situation but then i thought that i have nothing to loose and made a post with the header \" Leap over your shadow and just post what you want as a newbie - recognition comes later ;) \".\nOn the other hand it could lead to a lot of dull content here on steemit 😉 and this would be very annoying. \nMaybe #youdontneedtobeperfect would be a better one 😉",
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      "author": "thethinker007",
      "body": "Welcome :)\nHappy you joined and do have fun as it is more important here.",
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      "author": "steemladder",
      "body": "<center>\nWelcome to Steem @unc0nventi0nal. <br/><br/>Do read [A thumb rule for steemit minnows - 50:100:200:25](https://steemit.com/steemit/@steemladder/a-thumb-rule-for-steemit-minnows-50-100-200-25) for starter tips. <br/> <br/>Spend time reading [Steem Blue Paper](https://steem.io/steem-bluepaper.pdf) to know how Steem blockchian works and if you still have any queries ask them on our [Ask me anything about Steemit post](https://steemit.com/steem/@steemladder/there-are-no-dumb-questions-ask-anything-you-want-to-know-about-steem-blockchain) and we will try to answer that.<br/><br/>All the Best!!!\n</center>",
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      "author": "unc0nventi0nal",
      "body": "Hello Steemit!\nI'm a English account which will be posting articles about finance, technology, history and facts.My aim is to improve my writing skills(and what a godsend this is!) ,contribute to the future value of steemit and make the world a better place through stories and information(hopefully).\n\nI found out about steemit in the final quarter of 2017 and I've been meaning to join since then.After countless \"I'll do it tomorrow\" (tomorrow: a place where all human productivity takes place) this is the day that I finally unveil my account!\n\nWhat made me make the leap? #daretobedull hashtag.The reason is wanting to write the 'perfect' article, if such a specimen does exist, this slogan made me throw caution to the wind and here I am.\n\nDon't you think this hashtag would be less intimidating to new comers(Who might want to copy what the top accounts do)?\nMaybe they'd feel more welcome and would be encouraged to explore newer frontiers leading to an explosion of steemit.\nWhat do you think?Let's discuss your first time;)\n\n\n![](https://steemitimages.com/DQmPLGSJv9bH6guycfhetRW4gqzMvVezrfJTnwzqGtj1oNR/image.png)",
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