Invest In Crypto The Right Way

Three focuses of my blog are Financial Literacy and Money, Business/Entrepreneurship and STEM (Science, Technology, Engineering and Mathematics) . Cryptocurrencies are a new technology that are impacting global markets in terms of conducting business transactions and serving as investments themselves. The following contributed post is thus entitled, Invest In Crypto The Right Way.

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If you are keen to make whatever money you can in whatever way you can, you’re probably thinking about cryptocurrency at least some of the time. This relatively new kind of currency is all the rage at the moment, and as such it has been developing something of a spike in many of its markets as well. The truth is that if you want to get in crypto trading, now is a good time to start – or at least a better time than next week or next year. But you need to know what you are doing first to make sure that you are actually going to get it right, and that is what we are going to look at today. Here are some of the things you should consider if you are to invest in cryptos in the right way.

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Choose Your Wallet

First of all, you will want to think about getting hold of a wallet which you can store your crypto coin in. A lot of newcomers find this part of the process particularly bewildering, but the truth is that it is not that hard to wrap your head around once you get going with it. There are a few different kinds of wallets, but the most secure ones are those which allow you to use two-factor authentication to gain access to them. By utilising and making the most of this kind of security, you can be sure that your wallet is going to be perfectly safe, which will help if you have any anxiety about getting started with the crypto world. Then it’s just a matter of choosing a wallet that seems good for you personally. It’s a good idea to go for one that gains you interest for BTC, so that you can make even more of your coin.

Buy Your Coin

Then you will need to go out and buy the coin that you want to buy. There are now several ways to do this. The best and safest is to go and find a crypto ATM, which are now cropping up in many major cities around the globe. With these machines, you merely purchase crypto with cash or card as you would anything else, and have the coin deposited into your wallet straight away – owing to the usual checks. Or you can consider using an online exchange which set you up with someone who you buy from via bank transfer. In either case, you can be sure that these are two of the safest ways to get hold of your crypto coin.

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Get Trading

In order to really make the most of your crypto, you need to make sure that you are trading it in the right way. The easiest way to do this is to use an approved app which does the actual trading for you, as this way you can be sure that you are going to be able to get it right. Or you can do the research, and make those decisions yourself – which can be less safe, but is much more satisfying when you get it right.

A Discussion on the Dangers of Cell Phones, Social Media, and Technology with Dr. Ralph G. Perrino

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“I have become increasingly alarmed by excessive dependence (some would say addiction) to technology in general, but cell phones in particular. Teens have been known to refer to their iPhone as, ‘My Tiny God.'”

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Two of the focuses of my blog are Science and Technology. Up to this point I’ve discussed technology from the aspects of careers and investing. In this post I’m taking a different approach and will discuss its potential dangers in our world which is becoming steadily more digital and technology dependent – a topic I’ve heard periodically discussed in numerous circles over the years.

Joining me in this discussion is mentor, veteran educator and fellow writer, Dr. Ralph G. Perrino. Dr. Perrino has his own blog, Dr. Perrino’s Blog. He has authored numerous articles, essays and books and both founded and directed the Northern Virginia Tutoring Service, which is how we first met. He was further responsible for my becoming a member of the board of directors for the Friends of the David M. Brown Arlington Planetarium.

Here on my blog I crafted a post titled Are we losing our Soft Skills due to Technology? On his blog, Dr. Perrino recently crafted two posts titled, I thought I had seen it all…until today, and Are we creating a digital dust bowl?, among other blog posts. However, it is worth noting that technology is a great help for children. Sites like ABCmouse offer intuitive and entertaining ways to learn beyond the classroom. The following is our recent discussion regarding the dangers facing our steadily increasing technology-dependent society and world.

Anwar Dunbar: Hello, Ralph. You’re one of my mentors and I of course know a lot about you, but can you give the readers a few facts about yourself for context? For example, what is your background? Also, how did you become involved with education?

Ralph Perrino: Sure, Anwar. I studied Sociology at Catawba College in North Carolina. I then did extensive graduate study in Sociology at the University of North Carolina, where my areas of concentration were in collective behavior and social movements, and social change. I also hold a Master’s Degree in Public Administration and a Doctorate in Education from George Mason University. I have taught full-time and part-time at Northern Virginia Community College as an associate professor of sociology and political science since 1984. I also founded and served as director/owner of Northern Virginia Tutoring Service, LLC, from 1994 until 2018. The reason I became involved in education is that I have always had a passion for teaching. I find that I often teach the content area while at the same time, I offer life lessons to students who are seeking direction in their lives.

AD: One of the focuses of my blog is Technology from the perspective of encouraging awareness of STEM – for careers and for investment purposes. While we celebrate our emerging technologies, there is a downside to them as well, which we’ve both written about from different angles. What initially raised your eyebrow regarding our society-wide ‘addiction’ to our new digital toys and devices and the plethora of applications that we use on them?

RP: While I do absolutely agree that there is a use and a place for technology in today’s world – education and research, investment and banking, professional connectedness and networking are just a few examples – I also believe that society has rushed to embrace the next bright, shiny object with little thought or concern about issues such as: personal privacy, family stability, interpersonal communication, civility in public, and empathy, compassion and concern for others. That said, I do see the potential benefits associated with the use of social media in the areas of collective behavior, social movements, and social change. However, sole reliance on digital means of communication to achieve social change is ill-advised, in my view.

AD: From our mentoring talks I know that you think cell phones particularly are a problem. I’m guilty of some of the things you discussed in your essay about the ‘Digital Dustbowl’, and I do enjoy quick access to information, and quickly connecting with other people which can cause unintended consequences. Can you talk a little bit about what you see happening around you every day?

RP: I have become increasingly alarmed by excessive dependence (some would say addiction) to technology in general, but cell phones in particular. Teens have been known to refer to their iPhone as ‘My Tiny God.’ There is something wrong with a society that values a material, digital possession to that extent. I tell my students at the college that if their biggest concern when they wake up in the morning is whether their cell phone is charged, they have a serious problem. I ask them, have we reached the point where owning a smartphone is a requirement for acceptance into the public (and private) discourse?

I also tell them that they should not leave college without some level of commitment to help others. Much, if not all, of that caring and compassion for others is not going to take place through social media. I remind them that nearly a billion people on earth each day do not have access to clean drinking water and that nearly 30% of the American population does not have regular access to the Internet. Virtually none of my students understand the ‘Digital Divide‘ between rich and poor in America. They take this privilege for granted. I point out to them that they are living in a bubble here in the Washington, D.C. area, and that their awareness of issues and challenges others face has been minimized as a result of their addiction to social media and their smartphone.

AD: Have you found any data looking at our dependence on digital devices like our cell phones?

RP: A recent Bank of America study, Trends in Consumer Mobility, reported that 71% of all Americans (adults and teens) say they sleep with or next to their mobile phone; 3% of those people said they sleep with their device in their hand; 13% said they keep it on the bed, and 55% leave it on the nightstand. Incredibly, the survey revealed that Americans consider their smartphone more important than sex, and 20% of those 18-34 years of age admit to checking their phones DURING sex. The list goes on.

Suffice it to say that we have a problem with over-use and abuse of smart phones. We see it every day in restaurants, supermarkets, shopping malls, sporting events, and a myriad of other places. On the one hand, smart phones and, to some extent, social media, have connected us digitally, yet they have separated us emotionally. They have: strained our relationships with others, significantly reduced levels of empathy towards others, caused us to avoid face-to-face interpersonal contact, and damaged the ability of children and others to read facial gestures, body language, and subtle signs of human emotion. They further have the potential to alienate children from society, placing them in an unrealistic virtual world where problem solving can be accomplished with the press of a button.

Some questions I find myself pondering are:

• Is there a correlation between cell phone usage and the rise in rates of Autism and Asperger’s Syndrome?
• Is there a correlation between cell phone usage and the dramatic rise in school violence, digital alienation, mental health issues, teen suicide rates, and other social maladies?
• Is it affecting the stability of families?
• Is it resulting in miscommunication in the workplace?
• Is it affecting other institutions critical to societal stability?

Again, has it connected us digitally, but separated us emotionally? Much has been said here and elsewhere regarding the problem. The question in my mind is, what are the solutions? We might start with stronger parenting, and adults who model appropriate human interaction as their children are maturing and watching how their parents conduct their own lives. Children learn by modeling adult behavior. Their behavior is a reflection of our behavior.

AD: As an educator yourself, have you had to establish rules for your students in class?

RP: It has reached the point in my classes at the college where I teach that I have to ask my students to place their cell phones on a table at the front of the room at the beginning of the class. If I don’t do this, students simply cannot and will not stop using their phones. Their attention is distracted, and it is nearly impossible to generate a meaningful class discussion. I have had students as recently as last semester note in their course evaluations that, ‘Professor Perrino should continue to require no cell phone use during his class. It helped me to engage in class discussions more effectively.’

AD: Okay Ralph, you’ve given us quite a bit to think about and consider. Do you have any final comments, thoughts or stories on this topic?

RP: Each semester, I have guest speakers come to my class to speak to my students. These speakers include staff from a local homeless and substance abuse shelter; a speaker who works in the area of student nutrition in low-income, urban school districts, and other speakers who focus on sociological issues outside the parameters of a textbook.

The one speaker who rivets my students to their chairs is a 77 year-old woman who was a Freedom Rider in 1961 at the age of nineteen. Her story is compelling. She tells of being jailed in a Mississippi prison for three months with other Freedom Riders, as well as other injustices perpetrated on her and others during that time. When she completes her presentation, I always ask the questions: “Would you be brave enough at nineteen years of age to do what this person did? What story will you have to tell when you are 77 years of age?” The responses I get tell me much about how unengaged my students are from reality, even though they believe they are all connected and engaged through social media outlets.

AD: Okay, thank you, Ralph, for collaborating on this important discussion and sharing your thoughts. So many of us are walking around unaware of the larger implications of these technologies as our societal norms evolve with them. At the very least, hopefully we’ve gotten some of the readers to think and start discussions of their own, and you and I have to have similar discussions in the future.

Thank you for taking the time out to read this interview. Once again, please visit Dr. Perrino’s Blog for other insightful discussions like this. If you enjoyed this interview, you might also enjoy:

• A look at STEM: Blockchain Technology, a new way of conducting business and record keeping
• Who will have the skills to benefit from Apple’s $350 billion investment?
• We should’ve bought Facebook and Bitcoin stock: An investing and technology story
• A Cryptocurrency App Case Study
• Why SEO really is the key to successful online business SEO
• The best Apps for Crypto Investment
• Tableau discusses educating in a data driven world revisited

The Big Words LLC Newsletter

For the next phase of my writing journey, I’m starting a monthly newsletter for my writing and video content creation company, the Big Words LLC. In it, I plan to share inspirational words, pieces from this blog and my first blog, and select videos from my four YouTube channels. Finally, I will share updates for my book project The Engineers: A Western New York Basketball Story. Your personal information and privacy will be protected. Click this link and register using the sign-up button at the bottom of the announcement. If there is some issue signing up using the link provided, you can also email me at bwllcnl@gmail.com . Best Regards.

A look at STEM: What is Regulatory Science?

The first principle of my blog is “Creating Ecosystems of Success”, and one of the main focuses of my blog is awareness of the Science, Technology, Engineering, and Mathematics (STEM) careers and fields. Up to this point I’ve written several posts discussing the ‘Biomedical Sciences’ which I’ve been trained in: Pharmacology, Toxicology, ADME/Drug Metabolism, and Inhalation Toxicology. In this post I want to discuss what “Regulatory Science” and “Regulatory Affairs” are – the scientific interface between the ‘Public’ and ‘Private’ sectors where the safety of commercial products sold to the general public are determined – a science not well understood by the general public despite its importance to our everyday lives – myself included initially.

“You can always go into ‘Regulatory’,” a classmate who I’ll refer to as Greg said, during graduate school at the University of Michigan. I was feeling the stress of working on my thesis project which consisted entirely of ‘Bench’ or ‘Basic’ scientific research, and lamenting that I wasn’t sure if I wanted to stay in academia once I finished my dissertation. Greg had worked in one of the bigger Pharmaceutical companies, and understood everything that comprised them. At the time I wanted a career with a ‘regular’ schedule which is something I’ll describe more in depth in my next blog post which will discuss the ‘Basic Sciences’. I, coincidentally, did start a career as a Regulatory Scientist by accident, depending on your belief system.

When giving my annual Toxicology lecture at SUNY Albany, I always tell the class that Regulatory Scientists are ‘Watch Dogs’ or ‘Gate Keepers’ who evaluate new products generated by the ‘Private Sector’ to make sure they are safe for the public. What types of products am I talking about? You can start with anything in and around your home, whether it be food products, pharmaceuticals, or industrial chemicals, air fresheners, household cleaners, paints, or cosmetics. These are just the chemicals which we consume, or are exposed to on a personal level. Another context is the environment. For every product generated, questions must be asked about what that product will do to wildlife, their unique ecosystems, lakes, oceans, the air, etc. Here think about coal and petroleum products as good examples.

The term ‘Regulatory’ is rooted in the ‘Regulations’ put in place by Federal and State governments – laws and statutes which dictate how and when the government should act in the general public’s best interests to ensure that the products they are being sold are safe. Going back to the previous paragraph, there are regulations for example for registering the following: crops and commodities, livestock and poultry, pharmaceuticals, medical devices, industrial chemicals, industrial materials and textiles, and energy products such as petroleum and coal. We’re very close to the use of ‘Nanomaterials’, so products that contain them are of particular interest now.

Here is a good place to think back to the 2016 Presidential election where the then candidate, Donald J. Trump, discussed the need to rollback excessive, costly and burdensome regulations put in place by the Obama administration to allow private businesses to grow and thrive. Having an understanding of Regulatory Science and Regulatory Affairs is the essence of that discussion because it takes resources to demonstrate the safety of products; otherwise it can cut into profits if their uses are restricted. Important questions to thus consider are: 1) is there such a thing as over-regulation; and 2) is there a happy balance between business and keeping the public and environment safe? Some food for thought.

Regulatory Scientists work in both Public and Private sectors. On both sides each must understand the Federal and State government laws and regulations. Scientists in the Private sector must understand the regulations and provide the government with the data it needs so that their companies can efficiently register their products. Scientists in the Public sector must understand the regulations to ensure that the companies trying to register their products are in compliance, so as to not cause injury to individuals in the general public and create subsequent litigation. While this post is about Regulatory Science, it’s also worth noting here that most of the private companies also have scientists working in the ‘Applied Sciences’ and ‘Research and Development’, which is where their new products come from – examples are the Food, Pharmaceutical, Biotech, and Crop-Science companies.

Where do Regulatory Scientists receive their training and what types of skills do they need? Most Regulatory Scientists receive their training in the ‘Basic Sciences’ at major research universities, such as the University of Michigan, where I received my training. This means that they first become trained in specific scientific areas of expertise – Pharmacology and Inhalation Toxicology in my case – and they then use those knowledge sets in the Regulatory world to make safety decisions. The same is true for the Applied Sciences where that expertise is used to create new products. As you can see these worlds are closely interrelated.

The four Biomedical Sciences I’ve discussed in detail – Pharmacology, Toxicology, ADME/Drug Metabolism and Inhalation Toxicology – are all basic sciences which translate to the Applied Science and Regulatory sciences. Scientists trained in these fields and others can either remain in academia, or take their skill sets into the Public or Private sectors. See my post entitled, “The transferrable skills from a doctoral degree in the basic sciences” to get a feel for what skills are necessary to work in the Regulatory Sector or Regulatory Affairs. Just briefly, a couple are of the skills are the ability to: 1) work on teams; 2) write; 3) plan; and 4) speak orally, as there are lots and lots of meetings.

There are typically two contexts for Regulatory Science – one which takes place in a classic laboratory setting, and the other which takes place in an office setting. In the lab setting, experiments are carried out to test products safety. In the government office setting, scientists interpret the results generated on specific products using the above-mentioned regulations and policies which each scientist has to learn when starting in the field. It’s worth noting here that science is constantly changing and evolving, and thus a challenge to working in the Regulatory sector in government settings is staying current on new and relevant scientific breakthroughs and methods. This can be done in any number of ways including attending national meetings, and participating in special ‘work groups’, for example.

A third context for Regulatory Science is consulting. Many scientists, after working in the Public or Private sectors, eventually opt to the start their own consulting companies. These consulting groups typically work with Private sector companies to get their products registered swiftly and efficiently, with the goal of keeping their costs as low as possible.

What do Regulatory Scientists make in terms of salary? That is in part dictated by one’s degree level, and whether the scientist works in the Public or Private sectors. Scientists in both sectors can start out making $70,000. Federal and State Regulatory Scientists are typically paid according to the ‘General Schedule’. While Regulatory Scientists in Private Industry are paid according to what that company determines the individual is worth, and the mutually agreed upon salary.

In closing, when you think about Regulatory Science, think globally. While the United States Government has numerous agencies to protect the general public – the EPA, FDA, USDA and the NRC to name a few – other countries around the world have them as well. And there are actually global partnerships and cooperatives amongst nations which are important when it comes to international trade and commerce, in addition to environmental protection. A career in Regulatory Science thus has the potential to touch not only the lives of those in your immediate circle, but also those in faraway places.

The next posts in this series will talk about what Basic Research and Science are, and then my personal journey towards becoming a Scientist. If you enjoyed this post you may also enjoy:

• The transferrable skills from a doctoral degree in the basic sciences
• A look at STEM: What is Inhalation Toxicology?
• A look at STEM: What is Pharmacology?
• A look at STEM: What is Toxicology?
• A look at STEM: What is ADME/Drug Metabolism?
• A look at STEM: Blockchain technology, a new way of conducting business and record keeping

If you’ve found value here and think it would benefit others, please share it and/or leave a comment. To receive all of the most up to date content from the Big Words Blog Site, subscribe using the subscription box in the right hand column in this post and throughout the site. Please visit my YouTube channel entitled, Big Discussions76. You can follow me on the Big Words Blog Site Facebook page, and Twitter at @BWArePowerful. Lastly, you can follow me on Instagram at @anwaryusef76. While my main areas of focus are Education, STEM and Financial Literacy, there are other blogs/sites I endorse which can be found on that particular page of my site.

Tableau hosts discussion on educating in a data driven world revisited

Shortly before the Examiner closed its operations in 2016, I was invited to write a story on a symposium hosted by the company Tableau regarding the increasing role of data and analytics in education. During my doctoral and postdoctoral research in Pharmacology and Toxicology, I experienced firsthand the importance generating quality data and statistical analyses, though I didn’t realize that data and analytics was literally its own field. It turned out that there was a whole data and analytics community/world, with companies like Tableau creating software for quality data analyses and interpretation. Likewise there are whole careers in data and analytics, and these professionals are critical components of Academia, and the Public and Private Sectors.

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On June 9, 2016 Tableau hosted a symposium in Washington DC titled; “Educating in a Data Driven World”. The symposium took place at Washington DC’s St. Regis Hotel and featured a panel of experts from the United States’ leading institutions of higher education. Among them were:

• Mike Galbreth, Associate Professor of Management Science, University of South Carolina
• Danial Lopresti, Professor and Chair of Departmen3t of Computer Science and Engineering, Director of Data X Initiative, Lehigh University
• Cheryl Phillips, Hearst Professional in Residence, Stanford University
• Vijay Khatri, Associate Professor of Information systems, Arthur M. Weimer Faculty Fellow, Co-Director, Kelley Institute for Business Analytics, Indiana University
• Jana Schaich Borg, Postdoctoral Associate, Duke University
• Jon Schwabish, Adjunct Professor in the McCourt School of Public Policy and the McDonough School of Business at Georgetown University, Lecturer at the Maryland Institute of College of Art

The Moderator of the panel discussion was Ben Jones, Director of Tableau Public. The panel discussion revolved around the state of analytics education and how higher education is responding to the increased demand for analytics skills in the workplace; a topic all in itself which impacts pretty much every sector and discipline; Politics, Humanities, Business and lastly Science, Technology, Engineering, and Mathematics (STEM) fields. Specific topics discussed were: Issues pertaining to data literacy, how students can be better educated to increase their data literacy, the importance of communication and soft skills for data professionals, and the common traits of individuals interested in analytics.

“Just like there are a lot of programs to help young girls get into STEM fields, we think that it’s important that we help educate our students to be successful in an increasingly data driven world. We have academic curricula for teachers to help them get started with Tableau in the classroom. We do whatever we can to help close the skills gap,” said Tableau for Teaching Manager Emma Trifari. Tableau’s motivation for hosting the panel was the understanding that there is a huge skills gap in the data world, and in order to fill that gap, data literacy needs to start from the beginning.

Tableau’s software is used to simplify data analysis. Currently enrolled students around the world are eligible to receive free one-year licenses of Tableau Desktop through Tableau for Students. Instructors and their students are also eligible to receive free licenses of Tableau Desktop through the Tableau for Teaching program.

For more information on Tableau’s Academic programs, go to: tableau.com/academic.

Thank you for taking the time to read this post. If you enjoyed this one, you might also enjoy:

• We should’ve bough Facebook and Bitcoin Stock: An investing and technology story
• A look at STEM: Blockchain technology, a new way of conducting business and record keeping
• A Cryptocurrency App Case Study
• Why SEO really is the key to a successful online business
• The Best Apps for Crypto Investment
• Who will have the skills to benefit from Apple’s $350 billion investment?

If you’ve found value here and think it would benefit others, please share it and/or leave a comment. To receive all of the most up to date content from the Big Words Blog Site, subscribe using the subscription box in the right hand column in this post and throughout the site, or add the link to my RSS feed to your feedreader. You can follow me on the Big Words Blog Site Facebook page, and Twitter at @BWArePowerful. Lastly, you can follow me on Instagram at @anwaryusef76. While my main areas of focus are Education, STEM and Financial Literacy, there are other blogs/sites I endorse which can be found on that particular page of my site.

Why SEO really is the key to a successful online business

Regardless of what your business is, or what your content is as a writer, it’s critical to make your presence known and easy to find. The following guest post comes courtesy of Michael Kordvani. It discusses importance of Search Engine Optimization (SEO) for the success of online businesses. Michael Kordvani can be contacted at michaelkordvani@gmail.com.

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When it comes to search engine optimization (SEO), many are aware it’s something that’s supposed to help their online business but very few make time to learn anything about it or to even try. Many tell you they rely on word of mouth marketing or paid advertising that can take a chunk out of your business budget.

It’s a shame that SEO marketing is misunderstood and underused. SEO is a series of techniques designed to make your website easier for both search engines and your visitors to understand. Since search engines don’t see and understand your web pages the way a human can, SEO helps them ascertain what each page is about and why it’s useful to its users. Then it helps the search engines bring their users to you.

6 Ways SEO Helps Your Online Business Succeed

While there are many ways SEO can benefit your online business, here are six of the top ones.

Use Professional Services: There are SEO specialists out there who can help you to achieve everything you want from your SEO campaign. Take a look around and visit site to learn more!

More Clients: With so many websites available for any given product, service, or niche, getting clients can be a challenge. Using solid SEO techniques will improve your ranking in the search engines and make it easier to find. The easier your site is to find, the more potential customers you will receive. With the increased traffic, you will see more conversions.

Mobile Friendly: According to Hitwise, as much as 58% of all search engine queries are conducted on mobile devices and that number will continue to grow. How does SEO factor into that? An entirely new set of SEO techniques, like local search optimization, have been developed to help businesses get their products and services in front of the mobile audience. Choosing to ignore this particular trend is allowing your business to fall behind and out of the minds of today’s consumers.

Reputation Building: Reaching the first page of a search engine is quite an accomplishment and much more than something to brag about. Greater consumer trust is given to pages that are highly ranked. For many customers, if they can’t find a business on the first page of their Google search results, it’s not good enough. SEO boosts your website’s ranking in the search engines, gradually helping you move towards the top of users’ search results.

Brand Awareness: Another great benefit of SEO is that it lets your site appear on relevant pages of the search engines. As your ranking goes up, your site will appear more often at the top of user searches. That increases awareness among potential customers, even for niche things like singularsound.com, more of them being aware of you means a higher conversion rate. Getting your SEO optimized content on social media channels too will also help increase your brand’s awareness and inspire consumer trust and loyalty.

Cost Effective: People are often afraid of investing in SEO because they don’t understand it. In educating yourself about the true power potential of SEO, you’ll see that such investment is much like investing in real estate. If you invest wisely in SEO, you get more from it. The remarkable thing is that a huge investment isn’t necessary and it’s very cost effective when compared to what you’d pay for PPC and social media marketing. The cost for SEO is extremely low compared to other marketing types, especially seeing as you also have social media, and applications like TubeBuddy which are free to use, unless you use an upgraded version. If you use a professional, this is going to be a little more expensive, but will be well worth it when you see the results that they can achieve.

A Cryptocurrency App Case Study

The following guest post comes courtesy of Al Hill, Co-Founder of www.Tradingsim.com. It focuses on a case study for Cryptocurrency Apps – a topic related to my posts which discussed both Bitcoin and Blockchain Technology. While this post discusses Apps for financial transactions using Cryptocurrencies, it worth noting that the Big Words Blog Site is not involved in giving personal financial advice to readers and is not liable for any financial decisions made by readers. This post contains several infographics. Click on the images to enlarge them.

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Why do a case study on cryptocurrency apps? Well, it wasn’t up to me. There is just too much demand according to the number of searches from Google.

There are a lot of case studies on the web related to bitcoin and cryptocurrencies apps, so we wanted to do things slightly differently by defining a methodology to remove any inherit bias from the equation.

The study focused on 4 main factors on a normalized exponential scale of 1 to 100.

• Social Power- Social power is a custom ranking metric we created by weighting the numbers of followers across social networks: Facebook (45%), Twitter (35%), and LinkedIn (20%)

• Total Number of Installs (provided only by the Google Play App Store)
• Total Number of Reviews
• Rating on the Google Play App Store (the IOS App Store only provides “4+”)

So, after inputting these data points into our algorithm, what did we come up with? An awesome top 10 list for you to explore!

The top graph depicts the overall rating based on our methodology. Now, if you are a true data geek like me, please have a look at the supporting numbers in the table below.

As you can see, the methodology did create some separation between the best in breed.

Blockchain is the clear technology leader providing a framework solving many business challenges, one of which is the cryptocurrency market, so the 100 rating was not a shocker.

Some of the other apps are news outlets or provide the ability to track the value of currencies, which won’t measure up in terms of value add against apps that allow you to buy cryptos or use them as a form of payment.

But what makes Coinbase so popular?

The real story with Coinbase is the large number of reviews for their app.

With the largest count of over 600k reviews, this was not by chance. Coinbase has a clear growth strategy focused on 4 pillars:

1. Create a simple retail exchange that allow consumers to invest in digital currency
2. Enable professional traders and institutions to trade digital currencies
3. Create an interface for people to make payments with digital currencies and developers to build applications that utilize this payment network
4. Simplify the development process and even invest in some partners that have awesome ideas

This approach creates evangelists that not only use Coinbase’s products, but also scream about them from the rooftops.

You of course will need to determine which app works best for your needs, but how people are sharing and using the application is likely a great measure.

To access the full case study, please visit: https://tradingsim.com/blog/crypto-apps-study/

Al Hill
Co-Founder, Tradingsim.com

Who will have the skills to benefit from Apple’s $350 billion investment?

Two of the principles of my blog are “Creating Ecosystems of Success” and “Long-Term Thought”. While my scientific background is in the biomedical sciences Pharmacology and Toxicology, it’s imperative for me to keep my eyes on what’s happening in the other Science, Technology, Engineering and Mathematics (STEM)-fields. This allows me to use my platform to help guide others career-wise, and also for investment purposes (see my Facebook and Bitcoin post). In this post I want to discuss both STEM and careers, and the impacts of the new tax bill on the ‘Tech’ sector, as well as others.

My goal is to keep this post short. I actually have another post in the works regarding the new controversial ‘Tax Reform and Jobs Act’, but a recent development involving the company Apple prompted me to craft of this piece. I’ll start with a recent purchase involving one of the other ‘Four Horseman of Technology Stocks’, Amazon. Shortly after the holiday season, I ordered a copy of economist Dr. Thomas Sowell’s “Trickle Down” Theory and “Tax Cuts For The Rich”. I didn’t buy the book strictly because the Tax Cuts and Jobs Act was recently signed into law, but because I had an Amazon gift card and thought it would be an educational read. I’m also admittedly one of Dr. Sowell’s biggest fans as he embodies most of the principles of my blog. He empowers his readers with the economic laws and theories, and historical facts to interpret current events, government policies and political discussions with a more complete perspective, independent of your political affiliation or background.

The very short book discusses the famous ‘Trickle Down Theory’ which is a hotly debated topic among economists, media pundits, and politicians. Coincidentally, according to Dr. Sowell, it isn’t a formal economic law and never has been. Instead it is a term used to demonize any cutting of taxes which have historically sparked economic growth in our country, as opposed being a means of making the rich richer and ignoring the needs of those on ‘Main Street’ – the way tax cuts are typically depicted by their opposition. As expected, leading up to its passing, the Tax Reform and Jobs Act was accused of solely being a tax break for the wealthy by its opposition. Recently however, numerous sources are now reporting that it’s actually going to benefit people on Main Street as well. But what will the new law do for the national economy itself on a macro level? On January 17, 2018, Yahoo published an article titled Apple says it will invest $350 billion and hire 20,000 workers in the U.S. over the next five years.

While this is an opportunity for some to boast to the opposition that they had the bill all wrong, my focus is on who will benefit from Apple’s repatriation of its earnings, and its $350 billion investment in the United States. It seems to me that those who are trained in the technologies Apple is working on, and currently has in its pipeline, stand to benefit significantly in terms of career, earning potential, and upward mobility. Those skills may involve things like writing applications for ‘Blockchain Technology’, and/or ‘Quantum’ computers among others. Those who are not trained in those areas will only benefit from the products Apple produces, for the most part, solely as consumers.

As a STEM professional and advocate myself, this is a very appropriate time to discuss some data I recently found published by US News & World Report in 2016 titled Report: Black Students Underrepresented in High-Paying STEM Majors. The article cited data from a Georgetown University Study titled African Americans: Colleges Majors and Earnings, which discussed how black students tend to cluster in fields like social work leading to lower paying careers. The data in the Georgetown study showed that 20% of degree holders in human services and community organizing were black, and earned a median salary of about $40,000 per year. By contrast, only 7% of degree holders who received STEM-related bachelor’s degrees, and earned a median annual salary of $84,000 or more, were black – a very low number considering that blacks are only 12% of the total population in the United States.

This low percentage of participation in STEM, in addition to Apple’s repatriation of earnings, and its investment back into the United States, underscores the importance of having the necessary skill sets at critical times to take advantage of environmental changes imposed by laws like the Tax Reform and Jobs Act. Malcolm Gladwell covered this phenomenon extensively in Outliers. Right now in the United States there is considerable debate about discrepancies in wages based upon race and sex. The question has to be asked though, do those discrepancies exist due to discrimination, or is it majors chosen leading to the acquisition of skill sets for which there is high or low demand from the economy at that particular time? Are we essentially running up against the ‘Law of Supply and Demand’ as we often do? After all, the economy typically dictates what’s needed at a given time, and how much individuals in the workforce should be compensated.

How many more companies will return to the U.S. to repatriate their earnings, invest in research and development here in the U.S., and subsequently hire U.S. workers? Right now it’s unknown. But if other technology giants like Apple return, clearly some groups of people will benefit more than others. The question is will the beneficiaries strictly be based upon to race, sex and class, or will the skill sets possessed by certain well positioned individuals have something do with it? And who will possess those necessary skills once there is an increased demand for them?

Thank you for taking the time to read this post. If you enjoyed it, you might also enjoy:

• A look at STEM: What is Pharmacology?
• A look at STEM: What is Toxicology?
• A look at STEM: What is ADME/Drug Metabolism?
• A look at STEM: Blockchain Technology, a new way of conducting business and record keeping
• Challenging misconceptions and stereotypes in class, household income, wealth and privilege
• Your net worth, your gross salary and what they mean

If you’ve found value here and think it would benefit others, please share it and or leave a comment. To receive all of the most up to date content from the Big Words Blog Site, subscribe using the subscription box in the right hand column in this post and throughout the site. Lastly follow me on the Big Words Blog Site Facebook page, on Twitter at @BWArePowerful, and on Instagram at @anwaryusef76. While my main areas of focus are Education, STEM and Financial Literacy, there are other blogs/sites I endorse which can be found on that particular page of my site.

A look at STEM: Blockchain Technology, a new way of Conducting Business and Record Keeping

Buffer

“All communication inside the network takes advantage of a ‘cryptography’ to securely identify the senders and the receivers.”

Buffer

Two of the principles of my blog are “Creating Ecosystems of Success” and “Long-Term Thought”. While my scientific backgrounds are in the biomedical sciences Pharmacology and Toxicology, it’s imperative for me to keep my eyes on what’s happening in the other Science, Technology, Engineering and Mathematics (STEM)-fields. This allows me to use my platform to help guide others career-wise, and also for investment purposes (see my Facebook and Bitcoin post).

I was encouraged to visit and discuss a new technology called “Blockchain” which is the buzz of the investing and technology worlds right now. Blockchain is actually not new for those who are already familiar with it, though it’s still early in its implementation. Not being in the “Tech” sector, I had to do some homework to be able to discuss what blockchain technology is, and I must say that it was well worth the research as it’s going to play a huge part in our lives going forward. As a testament to just how early we are in this technology, I couldn’t find a single book on it on a recent visit to Barnes & Noble.

So what is blockchain technology? Simply put, blockchain is a “Distributed Ledger” technology. Those are the exact words from two more senior gentlemen I overheard discussing it while at a happy hour in Old Town Alexandria recently. Because my mentor had alerted me to what blockchain technology was, I perked up when I heard their discussion. I was able to follow some of what they were talking about, and I eventually butted into their conversation.

They were also discussing “Bitcoin”, the new leading “Cryptocurrency” which runs on blockchain technology, and is currently highly deliberated in investing circles. Some people are skeptical that Bitcoin is an actual investment for numerous reasons. While it’s not clear what the future holds, as of now Bitcoin has turned into a very lucrative purchase for those who were exposed to it four or five years ago.

By the way, while Bitcoin is receiving most of the press attention right now, there are other cryptocurrencies which share its similar basic attributes which I’ll highlight later in this post. They include: Litecoin, Ethereum, Zcash, Dash, Ripple, and Monero. Similar to Bitcoin, all of them run on blockchain technology. For a more in depth discussion of how Bitcoin runs on blockchain technology, I recommend reading What Is Bitcoin? Here’s What You Need To Know by Julian Goldie. Also, to learn about how Bitcoin can be used in business transactions, I recommend reading Can You Use Bitcoin To Pay For Travel?

Let’s start with a short discussion of how blockchain technology actually works. Again as my background is in the biomedical sciences, this look at blockchain technology is not designed to get into the nuts and bolts of coding and developing, but instead to provide a comprehensive look at what appears to be the next major technological advance, and to give those a chance to participate in it, who otherwise wouldn’t have it. If my explanation of blockchain technology is too simplistic for you and you want a more detailed explanation of how it works, I recommend reading What is Blockchain Technology? A Beginner’s Guide published by Invest In Blockain which also goes into further depth about how the technology works in the cryptocurrency exchanges.

To understand how blockchain works, first envision a generic transaction taking place involving a group of let’s say nine participants either in one organization, or in different locations around the world – maybe even outer space one day with the way astronomy and space travel are going. The participants or members of the network are involved in the transaction through interfaces called ‘nodes’ which are simply their own individual workstations. Documentation of all transactions is captured using a ‘shared’ or ‘distributed’ ledger. This ledger is ‘decentralized’ and isn’t under the control of any one party.

All communication inside the network takes advantage of a ‘cryptography’ to securely identify the senders and the receivers. When one of the nodes wants to add facts to the shared ledger, a consensus is formed within the network to determine if they in fact should be added, and this consensus is called a “block”. A series of these blocks comprise the ‘chain’ which all participants can see, and which no one can change once it’s created.

In terms of concept, an example of how a blockchain would work is the “SharePoint” web-based collaborative platform that ingrates with Microsoft Office. Document sharing technology allows multiple permissioned individuals to craft and edit the same document simultaneously on the same platform in real-time. This technology removes the need to circulate drafts of a document to the members of the team via email making production less cumbersome and giving the authors absolute control over the drafts. Those who have permission to work on the document can also see who else is making edits thereby giving the collaboration transparency. Overall, this leads to increased efficiency, and the saving of both time and resources.

At this point, I’ll summarize the three advantages of blockchain technology. I’ve pulled them from a very informative video by IBM about ‘Hyper-Ledger Blockchain’ technology. Most descriptions of the technology involve these three core attributes:

• Creation of a distributed record: All parties involved in a particular transaction or business activity have a shared record of those activities. No one person or organization has ownership of the system.
• Addition to the chain is permissioned: All parties must agree on a new record or block being added to the chain. This adds trust to the transactions making them tamper resistant and highly secure.
• Transactions are secured: No one can change or delete a record from the chain making it permanent and eliminating the opportunity for fraud. A hacker for example cannot corrupt the records once it’s created.

It’s important to consider how blockchain will affect all of our lives, and it will do so in multiple ways. Let’s start in the context of banking/business. Anyone who checks their bank accounts as regularly as I do understands that many transactions don’t post/reconcile immediately – checking deposits for example. Money deposited from checks typically doesn’t transfer from one account to the other until the next businesses day – the check has to ‘clear’.

In a blockchain transaction, the transfer of funds is instant once it is approved by all parties. Currently in many business transactions, a third party intermediary is necessary which adds costs and additional levels of complexity to the transactions in addition to the potential for fraud. Blockchain technology eliminates the need for these intermediaries, and in addition to making the most mundane banking transactions more efficient, blockchain will also impact more complex transactions like the buying and selling of publicly traded securities like stocks.

My first example involved banking but blockchain’s application potential spans far beyond that. The other major impact will be in industries where it’s important to track ‘supply chains’ for products of all kinds. The IBM video described above highlights blockchains’s application in the supply chains of diamonds.

However the most important supply chains it could impact could be those involving agricultural commodities and other food sources. In instances where there is an E. coli contamination for example, such as the one experienced by Chipotle recently or Burger King before that, blockchain technology would make it much easier to track the sources of those contaminations and pull them out of the market. With my backgrounds in Pharmacology and Toxicology, it can also be used to accurately track supplies of drugs and other industrial chemicals. It’s also currently being implemented into federal and state government agencies to help make their functions more efficient – the distribution of welfare checks for example.

I’ve described two uses for blockchain technology, but its potential applications are vast. Industries that can be impacted by it include:

• Smart contracts
• The sharing economy
• Crowdfunding
• Governance
• Supply chain auditing
• File storage
• Prediction markets
• Protection of intellectual property
• Internet of Things (IOT)
• Neighbourhood Microgrids
• Identity management
• Anti-Money Laundering (AML) and Know Your Customer (KYC)
Data management
• Land title registration
• Stock trading

The demand for blockchain developers is currently high and is increasingly growing. In terms of salary, many developers make over $255,000 per year. Still being in its infancy, those individuals who gain the skills to develop blockchain applications today will be on the forefront of the technology in years to come. They will work within businesses and government agencies where they will act as supervisors and directors.

In the private sector they will create and run entire firms and companies similar to how Steve Jobs and Bill Gates captained Apple and Microsoft respectively. For the younger generations, not knowing about blockchain will be particularly disadvantageous in terms of gaining employment and being able to compete in the new global and highly digital world economy.

Where can one learn to develop blockchain applications? Once again, we’re still early the technology, but some universities and companies have responded by offering a range of blockchain related courses which vary from online formats, to traditional lectures, as well as privately run boot camps. Some notable universities offering training include: MIT, Stanford, and Princeton. Companies such as IBM have courses as well. There is also an abundance of blockchain conferences scheduled in the next year in the United States and around the world.

As described above, knowing about blockchain will benefit those who learn to develop it through future employment and through working in the technology. For the lay person, it presents tremendous investing opportunities. Blockchain is only going to continue expanding in terms of its usage and application. It’s thus important to keep an eye on who is using it, and how they are implementing it, as it may lead to a similar phenomenon to what we saw with Facebook and Bitcoin. Those opportunities started off small, but those who were prepared to take advantage of them were greatly rewarded later on.

Understanding technologies like blockchain or just knowing they exist can be life changing. One of the recurring themes of my blog is that I had no STEM professionals in my own family, so I’m fortunate to have landed where I’ve landed career-wise. It was all predicated on someone realizing that I had the aptitude for science, and then encouraging me down that educational path. Thus just as it was important for me to do the research on blockchain to be able to prepare this post, it’s equally important if not more so, for readers to share this information with students and families who can benefit from it, or with individuals who can actively and creatively disseminate it.

A special thank you is extended to my mentor who will remain anonymous, for challenging me to learn about blockchain and also for encouraging me to craft this post on this very exciting and important emerging technology. Thank you for taking the time to read this post. If you enjoyed it, you might also enjoy:

• A discussion on the dangers of cell phones, social media, and technology with Dr. Ralph G. Perrino
• Who will have the skills to benefit from Apple’s $350 billion investment?
• We should’ve bought Facebook and Bitcoin stock: An investing and technology story
• A Cryptocurrency App Case Study
• Why SEO really is the key to successful online business
• The best Apps for Crypto Investment
• Tableau discusses educating in a data driven world revisited

The Big Words LLC Newsletter

For the next phase of my writing journey, I’m starting a monthly newsletter for my writing and video content creation company, the Big Words LLC. In it, I plan to share inspirational words, pieces from this blog and my writers blog, and select videos from my four YouTube channels. Finally, I will share updates for my book project The Engineers: A Western New York Basketball Story. Your personal information and privacy will be protected. Click this link and register using the sign-up button at the bottom of the announcement. If there is some issue signing up using the link provided, you can also email me at bwllcnl@gmail.com . Best Regards.

We should’ve bought Facebook and Bitcoin stock: An investing and technology story

“Over your lifetime, you’ll actually miss more deals than you’ll catch onto.”

Two of the principles of my blog are “Long-Term Thinking/Delayed Gratification”, and the teaching of “Financial Literacy” as money and investing are topics that I ponder and study quite a bit these days. I wasn’t taught a lot about them as a youth and strive regularly to fill that space in my personal toolbox. Learning about investing money is actually critical for all employees who are responsible for saving into their own “Defined Contribution” plans. A third principle of my blog is “Creating Ecosystems of Success” – helping others to be successful. This particular story involves all three principles and focuses on two investing opportunities from years past – both of which could have drastically changed my life today if I had been in position to take advantage of them.

This post was inspired by two people. One is a mentor who has literally adopted me and whom I regularly meet with to talk about the content of my blog, economics, current events and everything else under the sun. Everyone should have a mentor like this. The second individual is a long-time friend from our hometown of Buffalo, NY. He worked in the banking industry, and has always had a bit of an entrepreneurial mind.

Instead of diving right into the story, for context I’ll go back to my brief high school basketball career – one of the best times of my life. One of the things our coaches tried to stress to us was “boxing out” on defense. That is putting a body on your man once a shot went up from the opposing team. By committing to boxing out as a team, any team almost certainly could position itself to get the rebound and limit shot opportunities for the opponent no matter their height or leaping ability. It was a simple and effective technique if used consistently and for our young minds, that was the hard part – doing it consistently. All it took was being mentally alert, and positioning oneself at the right time.

Okay, let’s talk about Facebook and Bitcoin. I’ll start with a reading assignment my mentor gave me about three months ago. One of the topics we discuss regularly is investing money – something he is very experienced at and has taught his kids to do – something I’m playing catch up on.

At the conclusion of one of our mentoring sessions, he gave me a book to read titled “How To Turn $100 Into $1,000,000: Earn, Save and Invest” by James McKenna and Jeanine Glista with Matt Fontaine, the creators of Biz Kid$. When he first handed me the book, I made a comment about it being a, “Children’s book,” to which he quickly snapped back at me, “Do you know everything thing in this children’s book?” Eager to know more of what he knew, I didn’t take offense, but instead appreciated his coaching. He tasked me with reading the book prior to our next mentoring session.

As I read through the book, the initial chapters started with basic money lessons youngsters should have – ways to legally earn money such as through doing chores or eventually getting a job, and also planning and goal setting – some lessons many children aren’t taught at an early age. Later the book delved into investments in a very simple and digestible way – charts, diagrams, pictures and all. One caption that stood out for me was something on page 106, which told the story of Facebook’s Initial Public Offering (IPO) back in 2012.

“We should all pool our money together and buy Facebook stock,” my friend described earlier said enthusiastically. It was the holiday season up in our hometown of Buffalo, NY. He had worked in the banking industry for a while and had knowledge of investment vehicles that myself and my brother, and probably most of his family didn’t have.

We were all at his grandmother’s house where his relatives gathered to fellowship as they did most years. I watched as he floated around his grandmother’s upper unit telling everyone, “We should pool our money and buy some Facebook stock. They’re about to have an IPO.”

At that point, Facebook had completely eclipsed Myspace as the number one social media site and most everyone was on it. While most everyone was using it to reconnect, share the most intimate details of their lives, and other unscrupulous things, its creator Mark Zuckerberg, was cleverly devising ways to monetize his creation through selling advertising space. It never occurred me, and I would guess the majority of the users, to invest in it.

A mischievous guy at times, I thought this was just another one of my friend’s bright ideas that he was trying to suck us all into. But was it? As described in How To Turn $100 Into $1,000,000, Facebook’s initial stock price in 2012 opened at $38 per share. Shortly thereafter the stock price decreased to $17.55. When I heard that the stock price went down, I laughed internally at the prospect of all of us “pooling” our money to buy this Facebook stock, and the fact that my friend was lobbying so hard for us to do it. But that was just the beginning.

Facebook’s stock rebounded over the next five years from that $17.55 per share drop and eventually appreciated to around $100 per share in 2015 when How To Turn $100 Into $1,000,000 was published. Just before crafting this piece, I checked the business section of the Washington Post for stock prices and to gauge the health of our economy – a regular exercise now. There I saw that Facebook’s stock is now trading around $170 per share, that’s right $170. It’s also now considered one of the “Four Horseman” of technology stocks – the other three being Amazon, Apple, and Google.

So let’s put this all in perspective. What occurred to me when I read that passage in the book was that if I simply had $2,000 lying around and ready to invest in 2012, I could’ve purchased just 100 shares of the Facebook stock for a total value of $1,755 (plus the cost per trade). Holding onto that stock for another five years, those 100 shares would have appreciated to a total value of $17,550 which could either be cashed out for another purpose, or held for more appreciation. There would of course be the potential of loss too as with all investments, but Facebook has become a very strong company. But if you were positioned to get into the game at that point, you would’ve been rewarded later on.

I’ve come to realize that life is all about positioning similar to the way smart basketball players position themselves to get rebounds when a shot goes up, as opposed to simply leaving things to chance. When I look back to where I was in 2012, I honestly wasn’t in position to safely buy stock of any kind. I was still lugging around a considerable amount of debt from school, and from mistakes made shortly after starting my federal career – paying too much money for some real estate investing trainings (discussed in another post). I was recently out of a tumultuous relationship where money was an issue – my not spending enough.

I further had no Emergency Fund (see Dave Ramsey), and I hadn’t started funding my government retirement plan at least up to the point where I would get my 5% matching contribution – something all employees should position themselves to do if employers offer it. What’s more is that I didn’t understand much about the stock investing game other than you want to “buy low” and “sell high” whether or not you get into an opportunity when it’s first offered, or if you find something of value at a discounted price and chances are it will appreciate – stocks, real estate, whatever. By the way, to see why it’s critical to have an Emergency Fund and to be prepared for disasters, I recommend reading An In-Depth Guide to Financial Emergency Preparedness by Brian Robson.

But there is so much more to it than buying low and selling high. There are lessons which take time and commitment to learn – this is part of positioning one’s self. Furthermore, there are often sacrifices to be made to have money to invest – sacrifices such as not buying a car if public transportation and Uber can be used, taking one’s lunch to work more often times than not, and not “Turning Up” at the club on a regular basis. As a man, another position might be not having a girlfriend for a while, or at least finding one who isn’t high maintenance. These are examples of the positioning one must do to be ready to take advantage of the next Facebook if and when it ever comes around.

My friend was right in that it would have been good for us to take advantage of the Facebook IPO. Coincidentally a couple of years later, he came back to us and told us that we should take advantage of something called “Bitcoin”, a new cyber-currency which I thought was another one of his silly ideas. Years later I would learn that it ran off of something called “Blockchain” technology. He was very enthused about it, but one of the issues was he couldn’t clearly explain to us what Bitcoin was and why it was important going forward. This brings up another very key point. A very important investing rule of thumb is that one should never invest in something they don’t understand. It turned out though that he was right again. Two to three years later, Bitcoin seems to be paying off for those who positioned themselves and invested in it when it was dirt cheap. See the recurring theme here?

This post is not about buying Facebook or Bitcoin today in 2017 per se. Those ships have arguably sailed, and you’d have to have enough money readily available even just to buy 10 shares of Facebook stock today. In terms of getting into these opportunities early when they’re affordable, you have to position yourself, and that’s the central point. Either you’re in a position to take advantage of an opportunity when it’s presented to you, or you’re not. You must be prepared.

This involves knowledge and resources. Study your investment of choice, minimize your debt, save for emergencies, and then allocate your money to invest – money you won’t be adversely affected by the if the investment doesn’t work.

If you’re not in a position to take advantage of a particular opportunity, you can always position yourself for the next one, and the one after that, and then the one after that. It’s all about foresight and positioning. Before starting discretionary/speculative investments, it might also be worthwhile to see a trustworthy financial planner (or someone knowledgeable whom you really trust) who can make sure you’re on sure footing. They may be able to give insight into what type of investments are best for your particular financial goals. Click here if you want to know more about your options.

For the people who were in position to get into Facebook and Bitcoin, it wasn’t magic. They had the resources and they were probably spending time studying those opportunities so that they were able to strike at the right time. It all takes some time and effort, and how you spend your time will determine if you’re in position to take advantage of the next Facebook. In closing, I highly recommend How To Turn $100 Into $1,000,000 to youngsters who have the aptitude for money and finance, and for adults like myself who’ve needed to play catch up. I’ve personally started sharing copies with those in my inner-circle.

Thank you for taking the time to read this post. If you enjoyed this one, you might also enjoy:

• Your net worth, your gross salary, and what they mean
• The difference between being cheap and frugal
• A look at STEM: Blockchain technology, a new way of conducting business and record keeping
• A Cryptocurrency App Case Study
• Why SEO really is the key to a successful online business
• The Best Apps for Crypto Investment
• Who will have the skills to benefit from Apple’s $350 billion investment?

If you’ve found value here and think it would benefit others, please share it and/or leave a comment. To receive all of the most up to date content from the Big Words Blog Site, subscribe using the subscription box in the right hand column in this post and throughout the site, or copy the link to my RSS feed into your feedreader. Please visit any of my Big Discussions76 YouTube channels. You can follow me on the Big Words Blog Site Facebook page, and Twitter at @BWArePowerful. Lastly, you can follow me on Instagram at @anwaryusef76. While my main areas of focus are Education, STEM and Financial Literacy, there are other blogs/sites I endorse which can be found on that particular page of my site.

Are we losing our soft skills due to technology?

One of the principles of my blog is “Critical/Objective Thought” meaning that I usually try to see things from all angles as opposed to just one. I might lose some readers here, but yes I do switch between CNN and Fox News when trying to understand what’s happening politically and in current events. Recently Tucker Carlson interviewed Mike Rowe of the show “Dirty Jobs”. I support Rowe and his messages about all jobs being necessary and important (even the dirty ones), and that our society has over glamorized college and the pursuit of white-collar jobs at the expense of trades, and blue-collar jobs.

Towards the end of their discussion, Carlson and Rowe talked about the growing use of Emojis which have become a very, very popular form of digital communication using symbols as opposed to complete or even truncated words (great vs gr8 for example). Rowe said something very interesting which is that the use of these Emojis (and social media) may be eroding the “Soft Skills” in our society – particularly for individuals seeking employment which involves talking with potential employers during face to face interviews, and where understanding the nuances and complexities of both verbal and nonverbal communication is highly advantageous. He further said that he would encourage individuals looking for jobs these days (some for the first time) to develop their Soft Skills.

According to Investopedia, “Soft Skills” are character traits and interpersonal skills that characterize a person’s relationships with other people. Just off the top of my head, Soft Skills involve being able to speak clearly, listen and also understand the nuances of verbal and non-verbal communication – making eye contact with other individuals, and being able to give more than one word answers for example. It can also involve being able to read someone’s mood by the answers they give and don’t give, or simply their body language. Again these are important on job interviews.

But a job interview is just getting your foot in the door. What about staying at that position? Once hired, soft skills can make all of the difference in the world in terms of excelling in that particular position and helping an organization thrive – particularly when achieving the mission involves working on teams. In any organization there are personalities to work with and juggle which can affect the mission. Some personalities work well together while others clash. There are rare individuals who get along with everyone. Personality clashes and petty bickering can cause production to grind to a screeching halt to the detriment of that organization. Soft kills are critical in navigating interpersonal issues and conflict resolution.

“Emotional Intelligence” can fall under soft skills. According to Psychology Today, Emotional Intelligence is defined as the ability to identify and manage your own emotions and the emotions of others. The other are explanations for it, but I tend to think of it in terms of forming alliances, and not burning bridges. This involves awareness of self and of others – understanding what drives your colleagues, understanding current and past rivalries between colleagues, understanding who is on the fast track towards promotion, and also being more emotionally proactive and less reactive in adverse circumstances, particularly in groups – meetings for example. A good example of Emotional Intelligence is being happy for a newly promoted colleague as opposed to being outwardly bitter – or at least not openly showing your disappointment and letting it affect your performance.

Where does one learn soft skills? We actually learn our soft skills from a multitude of places. Here I will defer to Dr. Ralph G. Perrino’s essay titled, “The Socialization Process and Its Impact on Children and Learning”. In his essay Dr. Perrino, a veteran educator, describes the most profound external forces on the development of children and teens all of which have lingering effects well into adulthood:

The family from which one’s “Ascribed” status is derived;
Attendances at a public school or an exclusive, elite private school;
The composition of peer groups;
Exposure to mass culture and media;
Involvement in voluntary groups and;
Religious affiliation/spirituality.

Soft skills can further be learned and improved through reading and formal trainings. One of my favorite trainings offered through my job is the Seven Habits of Highly Effective People by Stephen Covey. Soft skills can also be learned through in depth discussions with mentors – particularly those in leadership positions with years and years of experience leading others. Lastly, Soft skills can be learned just by observing others.

I’ll close by going back to Mike Rowe’s question. Is technology negatively impacting our soft skills? I would say that it can. In some instances, communication over email and or text-messaging can be easily misunderstood which is particularly detrimental when there are conflicts to be worked out. Digitally you can’t look into someone’s eyes, see their body language, or gauge the dynamics of a group in real time. These are all things for “Millenials” and subsequent generations to be aware of. With the new technologies that captains of industry such as Elon Musk are working on, and with the coming of Artificial Intelligence, this is something to be very cognizant of for students, educators, employees and employers alike.

Thank you for taking the time to read this post. If you enjoyed this one, you might also enjoy:

• We should’ve bought Facebook and Bitcoin stock: An investing and technology story
• A look at STEM: Blockchain technology, a new way of conducting business and record keeping
• A Cryptocurrency App Case Study
• Why SEO really is the key to a successful online business
• The Best Apps for Crypto Investment
• Who will have the skills to benefit from Apple’s $350 billion investment?