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FAQs
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Is ticking a check box for an online contract like a signature in the USA?
In the U.S., ticking a checkbox routinely is considered evidence showing that a user has accepted online terms and conditions. (Please see Online Terms can be Binding, even if You don’t have to Click!)This is, indeed, similar to a signature on a hard-copy contract being evidence showing that a party has agreed to that contract.
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How do I manage safe and convertible noteholders when raising my series A?
How do I manage SAFE and Convertible Noteholders when raising my Series A? The proliferation of SAFEs and Convertible Notes the past few years has given rise to a new problem when raising your Series A financing – “party rounds” with a lot of stakeholders who prove difficult to manage.More and more, we are seeing Series A companies with a signNow number of outstanding converting securities. The range for Series A financings we have worked on in 2017 and 2018 has been anywhere from twenty to sixty converting securities, with the majority being SAFEs. Total Seed financing has increased such that the range we are now seeing is a couple of million dollars up to ar...
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What are the best altcoins (June 2019)?
Litecoin is the best Altcoin to posses. It is the fastest rising cryptocurrency after bitcoin.3 Reasons to Buy LitecoinWe've entered the age of digital currency. Bitcoin has gone from relative obscurity to being a household name. In December 2017, the coin smashed its way through the $19,000 barrier like an angry bull in a china shop.Bitcoin’s dominating presence tends to drown out its contenders. But there are actually quite a few other digital currencies that investors should pay attention to, too.Of these, a handful is poised for dynamic growth. And we published this report to talk about one of the most promising: Litecoin.In 2017, Litecoin skyrocketed alongside many of its digital currency peers, hitting highs near $400 before retreating because of regulatory pressure from many countries.Litecoin was the third currency that investors could purchase on popular digital currency exchange Coinbase. And now, a hyped-up digital currency public has some questions:What is Litecoin?How is it better than Bitcoin?How do you invest?Over the course of this report, we answer those questions. And we start at Litecoin’s humble beginnings...What Is Litecoin?In October 2013, former Google engineer Charles Lee introduced the world to a new altcoin: Litecoin.The coin was introduced as the silver to Bitcoin’s gold, and Lee promised that the digital currency would fix many of Bitcoin’s problems.At the time that this report was written, Litecoin has a market cap of over $9.67 billion. And Litecoin’s technology makes it one of Bitcoin’s most aggressive competitors. If you evaluate the two currencies from the surface, they could be twins because they share dozens of valuable characteristics.Like Bitcoin, Litecoin was created to provide a peer-to-peer transaction system. It allows individuals to make payments or transactions anywhere in the world with relatively low fees.And like Bitcoin, Litecoin is decentralized. There's no centralized authority, building, or headquarters for it. The currency flows freely on the internet.What this means is it's far more secure than paper currency. Because no government can regulate or overproduce it, Litecoin’s value rests in the hands of the people.Like almost all digital currencies, litecoins are produced through a process called “mining.”Miners use computers to process Litecoin transactions, which are presented as algorithms that the computers must solve.When the computers solve the problems, more litecoins are added to the network and the miners are rewarded with their shares.There is a fixed amount of litecoins in the world — the volume of litecoins can never exceed $84 million. After we signNow that point, the currency has the ability to be broken down into minute payments.The mining process and the currency’s finite cap shield Litecoin against hyperinflation.Bitcoin, like Litecoin, also has a finite supply, is produced by mining, and is a money for the people. That being said, there are some ways in which Litecoin is different from Bitcoin...And it's from those differences that Litecoin gleans its value as a digital currency...Why Litecoin Is UniqueBitcoin was the first digital currency in the world, and that has given it a leg up on the competition. But Bitcoin’s early arrival is also the source of many of its shortcomings.Today, the developers behind major digital currencies have identified Bitcoin’s weaknesses and have altered their currencies to fix the issues.This means that even though Bitcoin was the first one to use certain technologies — specifically a groundbreaking technology called blockchain — the currencies that followed might use the technology more efficiently...1. The Better BlockchainBlockchain technology is the foundation of all digital currencies. Envision it like this...Every time a transaction or exchange happens in a digital currency network, the information involved with that transaction is recorded in a “block.” Each of these blocks is added to the continuously growing blockchain.Anyone on the network has access to the information in the blockchain. This means that transactions are public knowledge, even if the users remain anonymous. Users are only tied to the transactions taking place on the blockchain through an electronic signature that offers a fair degree of anonymity. This framework also makes digital currency very secure.Even though both Litecoin and Bitcoin use blockchain technology, Litecoin has a far faster transaction speed with a transaction being confirmed every 2.5 minutes, compared to the 10 minutes it takes to confirm a Bitcoin transaction.This appeals to both users and merchants who want faster transactions.With Litecoin, you get both security and speed.And this speed just kicked up a notch.On May 10, 2017, Segregated Witness (SegWit) was activated in the Litecoin blockchain. SegWit is the process in which blocks in the blockchain are made smaller by the extraction of signature data from transactions.This process allows Litecoin to process lightning fast payments.The first of these payments happened on May 11, 2017. Money was sent from Zurich to San Francisco in under a second.But Litecoin is valuable because of more than just its speed. It also has widespread consumer appeal...2. A Love of Rounded NumbersIn the world of digital currency, the number of coins that can exist is finite. There can never be more than a certain amount of bitcoins in the world, and the same applies to litecoins. But the total amount of coins that can exist varies by digital currency.This actually works in Litecoin’s favor. Litecoin will eventually have more coins on the market than Bitcoin. And that appeals to consumers who want a simple, effective digital currency.A study by Dr. Judith Holdershaw, a senior lecturer at Massey University, concluded that 57% of retail shoppers opt for a product with a rounded price. Even more telling, 4% of those customers paid more just to round up the price. The proof is in the pudding: People like to pay with full numbers.This could explain our aversions to pocket change and loose bills.Because there will be fewer bitcoins in circulation, they will have to be broken down into decimals. That means you will end up paying 0.002 BTC for a cup of coffee.Since more litecoins can be on the market than bitcoins, it's more likely that people will be able to buy commodities with whole numbers...3. Simpler AlgorithmOutside transaction speed and volume, there's another key difference between the two currencies: the algorithms.For those of you who are completely new to digital currency, digital currencies are composed of codes.In the case of Bitcoin and Litecoin, those codes use two different algorithms.Bitcoin uses the SHA-256 hashing algorithm, and Litecoin uses a scrypt-hashing algorithm.Now, both of these algorithms are powerful. But over the years, the SHA-256 has made it more and more complex to get bitcoins through the mining process. Bitcoin miners have to employ increasingly complex technology to extract a relatively small amount of bitcoins.Litecoin’s scrypt-hashing algorithm makes it easier for miners to access the system.And the simplicity of Litecoin mining could actually steal Bitcoin miners. It's true that Bitcoin is worth signNowly more than Litecoin, but most Bitcoin mining is carried out by supercomputers. The algorithms have become too hard for everyday miners to crack.This means that many miners who are tired of struggling over Bitcoin may end up transitioning over to Litecoin...How to InvestIt's clear that Litecoin will be a powerful digital currency. Of course, it’s still too early in the game to speculate on what tender will win the digital currency race.In fact, there could be no winner. The future financial system could operate through the use of dozens of digital currencies. And Litecoin will likely be one of them.
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Should I buy top coins (ETH, LTC, BCH, XRP, etc.) now (September 2019) instead of buying BTC?
I think you buy those other coins at your own peril. Litecoin went from a high of over $300 and then crashed with all the others. Only bitcoin is regaining a major share of its previous high. Litecoin recovered up to $140 and was supposed to do well with the halving. The only ‘halving’ occurred on its price as it is now in the $70’s. (now $65) Its manager said no new development has been going on for months now.XRP is an investment ‘joke’ as it is designed to be a stable coin so how will that appreciate for you in the future? It had a high of $3 and now less than a tenth of that. 10% recove...
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Why is India consistently crying that Pakistan used F-16 on the Feb. 27 dogfight when it clearly did not?
Who says India consistently crying?Pakistan harmoniously crying that there is no used of F-16 in 27 FEB later admit that they cross LoC for over owe to indian army but never admit that there fighter jet F-16 being mar but later when IAF give proof of part of F-16 then pakistan makeing fool of to the media.When IAF give proof of F-16 then USA start investigating that Pakistan used this fighter jet or not.India is sharing with the US evidence on the Pakistan Air Force F-16 fighter jet brought down in aerial combat over the Line of Control on Wednesday to emphasise that the neighbouring country is misusing assets it may have acquired under the ‘fight against terrorism’ banner in 2008.The Indian Air Force on Thursday displayed parts of the AIM-120C-5 Advanced Medium Range Air-to-Air Missile (AMRAAM) fired by the F-16 that has details of its production number and can be tracked by US authorities to understand when they were delivered.Electronic signatures captured by Indian radars as well as sightings by Indian Army troops on the border who saw two pilots ejecting from the Pakistani fighter inside PoK is also part of the evidence to be presented to the US. Besides, photographs obtained from Pakistani media show parts of the F-16 scattered across the border.if there is any documentation that Pakistan used then America warned to take severe action against Pakistan.Why USA butt in this matter?Because when Pakistan buy F-16 from USA at that time Pakistan sign in a agreement that they never misused this jet for any purpose if they to do so then USA take action against him.Now Pakistan stay in dearly whether USA take action !
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Can the EVM machines used for Indian elections be hacked/tampered?
Elephant Passing Through The Hole Of A Needle.The relevance of the above line would be clear after going through my answer.I have recently conducted election in the state of Telangana the results of which were announced yesterday (11.12.2018). I worked as Returning Officer of Bhadrachalam (119) constituency (Returning Officer is overall incharge of conducting election in one constituency).The whole process of voting through EVM has so many checks and balances that the chances of manipulating machine and influencing outcome is ZERO. If a machine is tampered at any stage of the election it would be known at the time of polling or counting very easily.Before I go into the technicalities, let me first take you through the journey of EVM in my constituency (Bhadrachalam)Arrival of machines at District HeadquarterAfter the announcement of elections, the EVMs were received from BEL (Bharat Electronics Limited) and were kept in the District Headquarter. All EVMs are stored in Strong Rooms. Every time a strong room is opened or closed the political parties have to be informed first. The entire process has to be videographed and there is a 24x7 surveillance through CCTV and deployment of police force.Arrival of machines in Assembly ConstituencyTill 3 weeks before elections, I had no knowledge of which EVMs will come to Bhadrachalam constituency. The process of allotment of EVMs to a constituency is done through randomization in presence of political parties.After receiving EVMs from the district, the machines were stored in Bhadrachalam EVM Strong Room. Again the entire process of CCTV, informing political party, videography was followed.Just a week before the election, second randomization is done in presence of General Observer and Political Parties where we came to know which machine goes to which Polling Station. For example machine number BCUEH61401 was allotted PS No: 1-Krishnapuram in Wazedu Mandal of Bhadrachalam AC (Assembly Constituency). This list is shared with all political parties.So the possibility that a different machine was used at a polling station is negated. On the day of polling or on the day of counting the political party can easily point out if there is any discrepancy in the ID of machines being used.(The above photo is of the day of randomization where I am explaining the entire process of allotment of machines to the political parties)CommissioningBefore sending machines to Polling Stations, all the machines are verified by casting one vote per candidate in all machines in presence of Political Parties. This is done to make sure that only one vote goes to one candidate.Random SelectionOn the day of commissioning, the political party can randomly select a machine and cast 1000 votes themselves and count the slips from VVPAT to make sure that all machines are correct.Putting sealAll the critical sections of machines are sealed in a way that signatures of all political parties are present on every seal. Each seal has a unique number. If somebody breaks open the seal then it would be known immediately.Day of PollingEvery candidate can appoint 1 Polling Agent Per Polling Station on the day of polling.Polling Agents are given the updated list of Electoral Roll. If you go to a polling station then you will find at least 4–5 polling agents inside the booth along with election staff.Every time a voter comes, the identification of voter is done by all polling agent. This makes sure that there is no impersonation or bogus voting.Mock PollThis is an important part of entire polling process. Before the start of polling the polling agents should cast minimum 50 votes. The results of the mock poll are shown to all political parties and they can tally the results. This makes sure that no re-wiring or re-connection of the circuit has been done and the machine are working normally.All Presiding Officers have to give a certificate that the mock poll was done and the result was tallied.End of PollAt the end of poll, all machines are sealed in front of Polling Agents and they have to mandatorily put their initials on every seal and compartment.Polling Agents are given a record of total votes. So, if at the end of poll 974 votes are cast- a statement of this signed by Presiding Officer is given to political party.Storing Polled EVMsAfter the poll, the EVMs are again stored in Godowns with CCTV, Police Protection. This time the political parties are given an option toPermanently sit in the front of Strong Room 24x7 !There is separate room arranged where Political Parties can see the live feed of Strong Room on large LED screen.These arrangements are made to make sure that no one enters (including District Officials, Returning Officer or any other ECI Official).Once the EVMs are sealed in the strong room, it can only be opened again on the day of counting.Day of CountingOn the day of counting the strong room is again opened in front of Political Parties. When a machine arrives for counting, the following points are verified:Whether the machine belongs to the same polling station? (Can be verified from the list already given to the candidates one week before polling)Whether all seals and tags are present? (Can be verified by seeing the signs of Presiding Officer and all Polling Agents on the day of counting)Whether the number of votes in EVMs is tallied? (Candidates are already given the number of votes casted at every Polling Station at the end of polling)When all the above facts are tallied, the RESULT section of EVM is pressed to know the number of votes cast in favour of one candidate.The result of a machine is not communicated unless the authenticity is certified by all candidates!The result sheet of every machine has signature of all candidates.Random VerificationTo remove all doubts, the political parties can select One Random Polling Station where we have to count the VVPAT slips and tally it with the result shown in the EVM.The points mentioned above are just a glimpse of rigorous process that we follow to ensure transparency.Now I would address the rumours and misconception regarding EVMs.1.EVMs can be hacked so that no matter which button you press the vote will go to same candidateThe chance of above happening is same as an elephant passing through the hole of a needle.On the day of commissioning and polling the political party can themselves cast their votes randomly and verify that the vote has actually gone to the candidate for which they have voted.2.After the polling EVMs can be tampered to cast extra votes.No. Since the number of votes are already communicated to the political party, therefore, if extra votes are cast then it would reflect on the day of counting.After the polling, the Presiding Officer presses the CLOSE button. Once this button is pressed you can not cast extra votes unless CLEAR button is pressed. Guess what, this button is surrounded by 2 unique paper seal containing the signature of both PO and political agents. There is no way you can signNow this button without breaking the seal.The machine also records the time of last vote polled. Every Presiding Officer gives a diary (called Presiding Officer Diary) in which the end time of poll is recorded. If someone tries casting extra votes then there would be a mismatch in the time of closing which can be easily identified on the day of counting.So if you manage to take away polled EVM in your house, it will be of no use!Moreover, with the introduction of VVPATs there is a 2 level check. Political parties can randomly select a machine and ask us to verify all votes cast by counting slips inside VVPAT.The beauty of the election process is that:Every step involves the participation of Political Party. Without their permission and signature no machines can be touched, votes cast or counted.I would like to conclude with the following:The only place where you can fiddle with EVMs is in Lab or in your Mind. There exists no chance of manipulating machines during the entire process of election.Conducting elections is one of the most difficult yet highly gratifying task and I am proud to be a part of this democratic process and working under Election Commission of India.Have more doubts and queries regarding Election Process? Do drop in a comment.Wish to become a future bureaucrat. Read here:71 to 51: My new book by Bhavesh Mishra on 71 to 51: My book for complete preparation strategyEDIT 1:Many people have pointed out instances where EVM machines have shown more votes than was registered.Can it take place?Yes. After doing mock poll (around 50 votes on the day of polling), CLOSE and CLEAR button have to be pressed so that when the actual voting starts the count starts from zero.In very rare cases if a Presiding Officer forgets doing CLEAR then the count will start not from zero but from the mock poll count (say X).Is it a big issue?Not at all. On the day of counting all such EVMs are kept aside and according to the instructions of ECI, the VVPAT slips need to be counted for all such machines. The count of VVPAT slips will definitely tally with the actual number of votes.That’s it!
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How did Brian Roemmele become a payments expert?
Warning: I Am Not An Expert In Anything. I Am And Always Will Be A Student.My Payments Experience Is Completely And Utterly An Accident. I know not how to say this in a few words but it may be an interesting journey to share with you.A Nerd, A Geek And The Dreams Of Being A ScientistIt was all an accident while I was on my way to becoming a scientist. That dream got delayed. I was studying Quantum Physics and on the other end Astro Physics. This started as a university level course while a sophomore in High School. At the same time I was rather excited by electronics that start...
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How does the RADAR Imagery released by Indian Air Force prove that the F-16 was struck down?
Its too technical for us laymen to interpret. We don’t know whether its actually radar imagery or an illustrated one. IAF can’t be releasing real imagery as this would give away the kind of radars they operate and PAF or any hostile Airforce would know or get more understanding. Its not a joke for any Airforce to release its tech.[1] [2]Take this Russia, India, Malaysia and China all operate Sukhoi-30 and its variants but all will have different specifications. India would never want China to know what exactly is in their Sukhoi-30MKI especially radar range.PAF pilot flying PLAAF Sukhoi-30MKK in an exercise.This thing has been dragged for too long. I was sitting on the fence regarding loss of F-16 but now after the foreign policy report and US DoD saying “not aware” using a diplomatic way to say yes we have counted it but won’t reveal due to our strategic relations with India.[3] Good job India bought US Chinook Helicopter and now last month ordered US Naval attack helicopters. If that was old India-US relations they would have flat out said no F-16 was lost. But this has to do with DoD and Lockheed Martin audit. India bought recently S-400, French Rafale and upgrades of Russian fleet but US is patently with India as they need them to counter China for God know what reason because Indians won’t go to war or even escalated conflict. Anyway this is for another topic. We can wait more to see of ISPR reveals any details which I don’t think they will do as there is no political compulsion on this side of border.India Airforce claimed F-16 and no other jet so that made things more like covering your backside when Mig-21 an obsolete fighter was sent into an active escalation. IAF also lost Russian Mi17 V5 to either Air-defence system or worst case IAF shot it down. [4] On this side DG ISPR also backed out of from 2 pilots to one so either its an error as Abhinandan fell near my ancestral village. He was shifted to two CMH(military hospital) one in Mangla and then Lahore for detailed check that a pilot goes through after ejection. Indian media also initially claimed no aircraft is lost and there is no missing pilot.I have written enough on this issue and to be honest i am bored to death now. Lets leave it and for those who want to know more about Pakistani F-16s and their history i have written some answers to help you.Check this site and every known PAF pilot and all F-16s ever purchased by PAF are there.F-16 Air Forces - PakistanP.S.No jingoistic and silly comments plz.Thanks for readingFootnotes[1] Indian Radar Data That Supposedly Proves They Downed An F-16 Is Far From "Irrefutable"[2] ‘Not aware’: Pentagon on Pak F-16 count after Feb aerial dogfight with IAF[3] Did India Shoot Down a Pakistani Jet? U.S. Count Says No.[4] Budgam: Indian missile fired before Mi17 V5 chopper crash
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