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Will cryptocurrencies replace fiat money in the future?
This is the central question and motivation for cryptocurrencies, isn’t it. The original vendetta and aim of Satoshi Nakamoto, who so mysteriously launched Bitcoin into the dark corners of the internet 9 years ago.The time when cryptocurrencies completely replace fiat money is most likely a lifetime away.We are likely to still see thousands of new cryptocurrencies get tested and spit out. And witness, off the carcasses of these failed experiments, many times over the evolution of new and improved blockchain technology.We will see nation states experimenting with national cryptocurrencies quite soon, however.Especially utility cryptocurrencies or cryptocurrencies representing a natural resource or asset alongside fiat currencies. You may have heard of Estonia’s Estcoin proposal or Venezuela’s Petro project already.In order for cryptocurrencies to be more widely accepted, there are a number of hurdles we need to overcome.One of the major factors that puts many off entering the digital currency market is that cryptocurrencies are not easy to use.The First ProblemHandling fiat currencies comes almost as second nature to most people. Whether in paper or in their online banking system. They understand its value, how to trade it for products and services, and how it stacks up against a few other foreign currencies relevant to their lives on the global exchange.Money is an easy to use legal tender.While money is easy, financial products are not. For example, many don’t feel confident enough to trade on the stock market, because it comes off very complicated. The very same confidence problem plagues the adoption of cryptocurrencies, but even more so.The concept of cryptographic currency is so foreign to most people in the real world, that even starting a cryptocurrency wallet can be too much to handle.For those out of the loop, the technology is extremely difficult to understand. The software itself is remarkably uninviting and not user-friendly. In most cases, it’s used out of simple necessity rather than choice.User interface of the most trusted Ethereum and ERC20 token wallet today:The available help on the Internet often come in a form that seemingly require a computer science degree to even begin to understand. The language and terminology used are extremely off putting.Most tutorials on the internet deeply fail to be simple enough or effectively and intuitively address the problems that everyday users encounter.Compare the Ethereum blockchain explorer interface to your online bank:How To Solve The Problem?You need only take a quick look back in history to see what transformed the worldwide web into what it is today. The development of helpful tools, such as the web browser and email, were largely responsible for the substantial growth that saw the rise of Internet.The software, user-interfaces, and the exchange of cryptocurrencies must become more accessible and intuitive.Prior to these tools, the Internet was a place for medical students and computer science engineers to share plain text data for research and development.Welcome to the early days of user interfaces:The Internet proved highly successful within these niche industries. This led to the advancement of more and better interfaces and also devices. As these devices and software became easier to use, the technology made its way into the hands of the general public.The Internet grew into the amazing mass communication tool many of us cannot live without today - thanks to ease of use.Welcome to the user interfaces possible today:Cryptocurrencies need the exact same revolution in ease of use.Without overcoming this problem, we cannot replicate the success of the Internet - a fact many projects are aware of.Many projects, such as CLOAKcoin, have put considerable effort into wallets, designing their user interfaces with simplicity and accessibility in mind.My readers know that I support CLOAK. Addressing the most pressing needs of cryptocurrency adoption, CLOAK is securing itself as a promising candidate to survive as a project into the future.CLOAK is focusing its efforts on offering a digital wallet and user experience that is accessible to the average laptop and smartphone user.CLOAK is one of the few projects with official wallet software for most commonly used operating systems, including Mac, Windows, Linux and Android. An official Lite Wallet and iOS wallet will be available shortly.By releasing user-friendly and official software tools for using their blockchain, CLOAK helps strengthen the foundation of cryptocurrency - pushing competitors to follow suit and bringing about the transformation needed to see cryptocurrencies hit the mainstream.Without intuitive interfaces and adequate warning and prevention mechanisms in place, new and unprepared users are the main victims.It’s important to note, that ease of usability doesn’t just relate to the aesthetics of the user-interface and its layout. The term also encompasses performance, safety and functionality.Bad code in the cryptocurrency exchange Bitgrail caused losses in the thousands of dollars through allowing double withdrawal on the cryptocurrency RaiBlocks. Bitgrail is now bankrupt.EtherDelta is especially known for its glitches and poor performance. The site routinely shuts down, doesn’t update stats, double trades or trades without exchanging the funds, causing victims to lose their cryptocurrency. The platform has a few unique benefits that motivate users to stay despite many service errors.Together with accessibility, CLOAK takes performance, safety and functionality seriously too.CLOAK independently sought to be audited by a cyber-security firm and the suggested security improvements have been addressed in CLOAK’s latest update - CLOAK Evolution.What is CLOAK, you ask?CLOAK is a cryptocurrency designed to facilitate private, secure and untraceable transfers by using Enigma, which is a secure and decentralized off-blockchain mixing service.In addition to an easy to use user interface, the official CLOAK wallet providers stealth addresses and easy and fast synchronisation to their blockchain. The recent update also reduces fees for their anonymous transactions service Enigma.Other benefits of CLOAK include:CLOAK’s Proof of Stake (POS) algorithm is also much more energy efficient compared to Proof of Work (POW) used by first generation blockchains, such as Monero.And it allow CLOAK Coin wallet users the opportunity to earn 6% interest annually simply for staking their coins.And buying, exchanging, selling, and cashing out for CLOAK users is now easy as well as private thanks to CLOAK’s DEX partner OpenLedger.Read more on the case for decentralised exchanges here, if you’re interested to know more.All in all, the future of CLOAK as a privacy specific crypto is looking bright I think.So research into CLOAK and read my other Quora answers (here, here, here and here) on this project , if privacy and the future of cryptocurrency interest you.With as little as 1% of the world being involved in digital currencies and up to 75% of the global population having potential access to them through technology and the Internet, there’s enormous room for growth for various types of cryptocurrencies to compete with fiat money.NEXT UP: What are the most promising upcoming ICOs?Did I do a good job?Please let me know with your comments and upvotes!Quora / Steemit / Medium / TwitterDisclaimer: This is not investment advice nor is it an official representation of the project and its goals. It is merely my opinion, so please read official sources and contact the project for fact verification. A wider discussion on the potential risks of the widespread adoption of blockchain technology is out of the scope of this article.
What have been the biggest changes in project management over the last 30 years, and what changes will the industry see in the next 30 years?
I concur with Chuck Cobb that the emergence of of agile methods was a milestone from the past 30 years, and that the convergence of agile with plan-driven will shape the next 30. Let me build on that.Last 30 years. (1987–2017)Digital project modeling. It let us rapidly iterate and reshape project plans, squeezing out many project costs and risks. Before MS Project and Primavera, large scale meant slow coordination.Digital product modeling. CAD and similar design/build tools meant much less building-the-wrong-thing and better integration among project members.Internet and mobile communication. Broke distance as a barrier to partnering on projects. So much that time zones became a bigger problem.Project management offices. Project portfolio management matured over the last few decades.Next 30 years. (2017–2047)Probabilistic project modeling. The uncertainty and risk simulation in Crystal Ball, @Risk, and Primavera Risk Analysis will become standardized and common features in all project tools.Generative Design will be brought to large plans, generating and testing alternative ways to structure a project, seeking better choices.From agile to improv. More dynamic and just-in-time project modeling as new data drives project scope and work estimates.Lessons from gamers. Project collaboration and communication tools will steal liberally from the best of team gaming design and practice, and from social workplace behavior. And these won’t stand still over three decades.Geography matters more.Laws and codes of behavior are not the same worldwide, so where you staff and whose software you use will be controlled by different governments. As project resourcing crosses borders, you’ll need to know your territories.By the 2040s, Africa’s billions of middle class, educated, vibrant people will join and shape the global labor market, global culture, and global politics. China and India, more so. Working with decentralized teams across cultures calls for skills not widely available today.Projects will swing between physical office centralization (better teamwork, communication) and home-work and local-cluster decentralization (get the talent, wherever they are).For projects that require atoms instead of bits, moving atoms will cost more in 30 years (think Peak Oil). So factoring in how far you have to physically move people and supplies and work product will more dramatically affect project schedule and cost.Geography matters less.Language is disappearing as a barrier to workplace communication. In 30 years, idiom, jargon, and culture references will be well and truly translated.The quality and ubiquity of digital prototyping and additive manufacturing means designers, coders, manufacturing experts live and work anywhere.On-demand labor markets will slash so much delay, effort, and cost that most projects will only staff up their PMO, subcontracting and freeagenting the rest.Robots as resources. Ready to write a Statement Of Work readable by the AI that will design the lighting for your building? Or have a conversation with the security chatbot that will define the scope for security elements on your project? Systems will continue to replace human beings for work in your project. Machines will also continue to displace project management staff as their learning climbs from project administrivia to much of the remaining metawork.Big project management companies will consolidate for a long while. Bigger project service firms will acquire and build intellectual property and assets for working at scale. They will raise Barriers to Entry against smaller firms.
What are the duties of an assistant engineer at TSTRANSCO?
Thanks for A2A.The following answer is with respect to my experience for the past 9 months(Joined in July 2018)There are many wings in TSTRANSCO. I have given a small picture about those below.MAINTENANCE:Maintenance AEs have to maintain the SS which are at 132,220,400 kV level.If any Emergency/Breakdown occurs,he has to attend it as soon as possible. Generally Maintenance AEs are instructed to stay in the same town in which SS is located. He is responsible to do regular maintenance works of equipments.Total responsibility of SS is upon him.LINES:Lines AEs have to maintain the lines under particular Sub-Divison.General duties are ground patrolling,Fault finding,Disc replacement,Vibration damper replacement,Providing Bird guards,Ensuring no trees under ROW corridor.There will be pre monsoon inspection in Dec-March.There will be a CBD Gang of 10 members under AE.We need to get the work done by them.A vehicle will be provided to us.This wing is mostly of field type in which you have to walk tens of kilometers along our EHT lines.MRT (Metering,Relaying and Testing):If you are posted in MRT,you are the luckiest because You have a lot of scope to learn the subject. You have a great opportunity to explore all the equipments in detail.These AEs are posted at District Headquarters. The working timings are Work Dependent.MRT AEs get a lot of respect in department.All testings are done by them.Periodical tests of equipments of all SS are done by them.Construction:All the construction works(SS&Lines) of TSTRANSCO are executed by them. You are the work executing official at field from Transco. You need a lot of managerial skills apart from technical knowledge because you are in direct contact with farmers,other departments,contractors. You will become strong if you work in this wing. There will be no fixed timings.One must have idea regarding constructional aspects to work effectively at higher cadres.TRE (Transformers Repair and Erection):As the name suggests,Repairing of Existing TFs and Erection of new TFs will be done by TRE AE.You get firm grip on TFs and other auxiliary equipment.Technical:This is purely office job.Mostly(Not All) it is given to Ladies.All the paperwork will be done by them. The Estimate Sanctions,PO, Agreements, Information gathering etc will be done by them.There are AE/Technicals in DE SE CE LIS offices. You get good idea about paper work,SAP. You can become expert in drafting You get to know about all the rules and policies of the organization.HOTLINES:These AEs work on live lines.You get a hotlines allowance which makes a good percentage of your salary. You will be posted in this only if you are interested.LIS:This wing is created to execute all the lift Irrigation schemes proposed by the state government.LIS is similar to construction.But the construction of SS&Lines will be in accordance with the Lift Irrigation Projects proposed by state government.CIVIL:All the civil works are done by them.TELECOM:All the Telecom works are done by them.SLDC:This is like Heart of Transco. Load-Generation balance will be taken care here. They monitor 24*7 in Various shifts.CTI:There will be maintenance and training AEs working at CTI. They have to look after all the training programs organised at CTI.STORES:Deals with equipment,material storage and movement from Headquarters to field.Apart from these, there are other departments in Vidyuth Soudha like IT,EBC,Planning, Procurement,Scada etc..
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