Fodelos

We spoke of simplifying transfers between users, because the ‘middleman’ could be eliminated. bitcoin was created to be opposite of centralised currrencies . Decentralised  -adj-  Remember the middleman in this case of international money transfer, involves all parties other than sender and receiver; banks, credit card company, and payment processor. Banks ask for KYC data; those pesky details and ID's to have a file on you, and allegedly keep things on the straight and narrow.  In the end, the bank charges you fees for services like everybody else. Remember that ledger we spoke of last time ? Yes - for recording transactions. Of course we are in the digital age, so just like your bank, transactions are stored in a computer network. In this case, the blockchain is a  network across multiple computers, all over the world. These computers all confirm the validity of entries, such that  records can not be altered or deleted, as it is  confirmed by all, and vi...

Ten thousand corollas litter Lagos streets, with just two horn notes and  barely  seven colours between them. Ascend to more luxurious altitude, and there’s hardly any variety either.  In a city of well over two thousand Range Rovers and G-wagens, not even  one   ricer has been spotted. Why so  boring  ? Let's not get ahead of ourselves. Look around your favourite neighborhood; there's a reason everything fits in the mediocre concrete monoliths spliced across the country.  Modern developments seem to have forgot the whole colonial episode, losing all the recipes of tropical function informing form and space design. Gardens, Courtyards and balconies, swiped away. Gable roofs trimmed to get with the modernist trend.  What do you mean colour pallette - we don't do that here. Bleach it white. But boring buildings are not really a problem anyway - you spend all day split between school run traffic, office hours, and closing time  go sl...

Intro Crypto . Analog to Digital Digital money is a direct equivalent of cash across the same currency. Currencies are usually issued by Central Banks, and backed by order of a Government ;backed by FIAT . Transactions in an economic system are stored in a central ledger. Cryptocurrencies store transactions in an online distributed ledger known as the blockchain. You can buy and sell with Cryptocurrencies just like you do with cards ( digital dollars or naira), but  that's  where the similarities end.  How so ? Think of cash becoming money easily spent or transferred online through cards. That is  digitization . We can also derive insights from the process, by rewinding to earlier examples of digitization . From : envelopes  To : email Various use cases were created as user behavior changed with the transition to a new medium of computers. Let’s go over them one after another. What changed  a little   ? What changed  a lot   ? ...