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How to utilize Google Drive for airSlate SignNow advantages
AirSlate SignNow provides a robust and user-friendly platform for digitally signing documents. By leveraging Google Drive, you can effortlessly organize and dispatch documents for signatures, optimizing your workflow and boosting efficiency. This manual will guide you through the steps to utilize airSlate SignNow proficiently.
Getting started with Google Drive and airSlate SignNow
- Open your favorite browser and navigate to the airSlate SignNow website.
- Sign up for a free trial account or log into your existing account.
- Choose the document you wish to sign or send for signature and upload it.
- If this document is intended for future use, save it as a template for convenient access later.
- Edit your document; you can insert fillable fields or add extra information as required.
- Add your signature and establish signature fields for other signers.
- Click on 'Continue' to complete and dispatch an eSignature request.
With airSlate SignNow, organizations can efficiently handle document signing with a user-focused and cost-effective strategy. The platform features a comprehensive set of tools that provide remarkable return on investment while being user-friendly for businesses, especially small and mid-sized enterprises.
Discover transparent and straightforward pricing with no hidden charges, and benefit from the outstanding 24/7 support available for all paid plans. Begin your free trial today and revolutionize your document signing process!
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Best ROI. Our customers achieve an average 7x ROI within the first six months.
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Scales with your use cases. From SMBs to mid-market, airSlate SignNow delivers results for businesses of all sizes.
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Intuitive UI and API. Sign and send documents from your apps in minutes.
A smarter way to work: —how to industry sign banking integrate
FAQs
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What is airSlate SignNow and how does it work with google dorive?
AirSlate SignNow is a powerful eSigning solution that allows businesses to send and sign documents efficiently. By integrating with google dorive, users can easily access and manage their files, streamlining the signing process and enhancing productivity.
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How can I integrate airSlate SignNow with google dorive?
Integrating airSlate SignNow with google dorive is straightforward. Simply connect your google dorive account in the integration settings of airSlate SignNow, allowing for seamless document management and eSignature workflows directly from your google storage.
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What are the pricing plans for airSlate SignNow?
AirSlate SignNow offers various pricing plans designed to meet the needs of businesses of all sizes. Each plan supports integration with google dorive, ensuring that you can efficiently manage your documents without worrying about hidden fees or complicated pricing structures.
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What features does airSlate SignNow offer that can enhance my experience with google dorive?
AirSlate SignNow provides features such as document templates, automated workflows, and in-depth analytics, all of which enhance your experience with google dorive. These tools make managing documents more efficient and save valuable time for your business.
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Can I use airSlate SignNow on mobile devices in conjunction with google dorive?
Yes, airSlate SignNow is fully optimized for mobile devices, allowing users to access their documents stored in google dorive on-the-go. This flexibility ensures that you can send and sign documents anytime, anywhere, enhancing your workflow.
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What benefits does airSlate SignNow provide over traditional methods of document signing?
AirSlate SignNow offers signNow advantages over traditional signing methods, such as speed, convenience, and cost-effectiveness. By integrating with google dorive, businesses can eliminate paper-based processes, thereby reducing operational costs and increasing efficiency.
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Is my data safe when using airSlate SignNow with google dorive?
Absolutely! airSlate SignNow employs advanced security measures to protect your data while you use it with google dorive. These measures include encryption, secure data centers, and compliance with industry standards, ensuring that your documents are safe and secure.
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Is there a simple web tool to implement an approval process workflow for audit trail purposes?
KiSSFLOW is one of the best approval workflow software for the following reasons:You can create any approval workflow such as invoice approval, purchase order or purchase requisition approval in just 15 minutes.Creating an approval workflow just comprises of 3 steps which are as follows:Step 1. Create a form to capture all the data that is required for the audit trail process, with the help of a simple drag-and-drop interface. You can include fields of any type like number, date, text, checkbox, attachments, currency etc. Below given is the form designing wizard of KiSSFLOW.P.S. KiSSFLOW provides 14+ customizable field types.Step 2. Set actions - Create a workflow : You can create tailor made workflows to set action items for each step, with simple business steps and without having to use or learn any complex notations to depict the steps in the process.Step 3. Add stakeholders - Assign each step to the respective stakeholder and include them as a part of the workflow.KiSSFLOW enables one-click approval by integrating with the users’ inbox.You can also set conditions, based on which, the item can be approved. For instance, you can define a condition, which states that your invoice has to be approved by your VP if the amount is greater than $10000. (Condition-based approval).You can also set field-level permissions. For example, you may not want someone from the sales team to edit the amount field in your invoice and you may set it as read-only field for them.Approval workflow is KiSSFLOW’s sweet spot.10,000+ enterprises and SMBs use KiSSFLOW for their approval workflows.I work for KiSSFLOW ;)Besides the above-mentioned reasons, KiSSFLOW has the top 10 features which every approval workflow software must have, which are as follows:1. Graphical representation of business steps2. WYSIWYG Form Designer3. Role-based accessibility4. User reassignment5. Report generation6. Cloud omnipresence7. Document integration8. SLA indication9. Workflow pattern flexibility10. Email notificationFind the snapshots of KiSSFLOW’s UI below:Highlights:With KiSSFLOW, you can also assign tasks, send email notifications, seek clarity (if there’s some ambiguity in the process) and capture the entire process from the beginning till the end. The admin of each process also has access to the history of every workflow in a process.The advanced reporting feature enables you to analyze each process, figure out the bottlenecks and thereby improve the efficiency of the process in terms of speed and accuracy.Convinced? Not yet? Either way, try KiSSFLOW and then decide it yourself.
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What is the best workflow management platform?
We are using qmsWrapper and I highly recommend it.The best practice shows that companies are benefiting the most out of software, where QMS is sewn into the fabric of workflows.Using simplified workflow forms even the new, inexperienced employees can avoid making certain costly mistakes, the software can help ensure that employees cannot bypass established procedures.qmsWrapper electronic Approval Workflow feature is designed to support business requirements for efficient reviews and help you automate your business processes, keeping compliance on track.qmsWrapper approval workflows assign tasks, send notifications, track participants, and creates a record of the entire process.You can provide stakeholders with a link to the workflow history for the document, which shows who approved or rejected a document, or who failed to complete their workflow task.Approval workflow processes are divided in 3 main groups:Document ApprovalWorkflowsDocument Review Workflows andIssue Approval Workflows.All of them are flexible, and modifiable, you can choose to send the items for sequential or joined approvals:Sequential approvals are sending files to several users but with certain order (after one user approves, the next will receive the document for approval). This method is useful for multilevel approvals in organization structure. (For example: first, the unit manager approves ordering of something, then procurement approves it, and lastly the CEO approves the document, all attached in one step).Joined approvals are sending documents for approval to a group of users (One document will be sent to several users at the same time, and it will be approved only when all of them approve it).Or both combined…The workflow automates, streamlines, and standardizes the whole process:Predefined approval workflowsEditable workflowsAutomatic notificationsData SafetyA Review workflowApproval Workflow History RecordsTransparencyTrack ApprovalsFast and EfficientLess work for youqmsWrapper workflows are ranging from a simple submit-and-close, to multi-tiered approval or review flows, here’s a diagram of two very simple versions:
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What are the best free online tools to manage your creative workflow process?
There are several freely available tools to start with and from which you later can upgrade to subscription models (or stay on “free):Flokzu, letting your business grow. A complete online Business Process Management Suite to design and run all your workflows.Student version of Arena from Rockwell software for workflow visualization and simulation: Discrete Event Simulation Software | Manufacturing, Supply Chain & Healthcare Simulation Software | Arena SimulationKnowledge wise there are always special offers and often also free chapters on workflow, Business Process Management and Adaptive C...
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What is an example of a nice simple workflow tool?
You may want to consider WorkflowGen. Its easy-to-use integrated workflow and form designers let process designers create workflows that can include many actors with great flexibility, and allow for a high degree of customization. It keeps a detailed request history and stores data that you can use for audit trail purposes, and you can easily configure custom reports and charts.Processes can be easily defined using its easy-to-use integrated workflow and form designers. For example, a simple leave application might look like this in the graphical workflow designer:So setting up a workflow, even with multiple approvers, would be pretty easy as well. The WYSIWYG form designer lets you professional-looking create forms with textboxes, radio buttons, drop-down lists, gridviews, and so on.Documents and forms can be routed to other approvers or sent back to the originator for modifications, and can be stored in predefined folders as configured in the workflow, so nothing gets lost. Users can modify the documents and forms, leave comments, set deadlines and easily track the status of approvals and other requests.Email notifications keep users up-to-date over the entire course of the workflow, and you can configure not only overdue notifications but pre-overdue notifications, since it's obviously better to be notified before an action is late than after. If someone is on vacation or off sick, their approvals can quickly be reassigned to someone else.WorkflowGen's Quick Mass Approval feature lets you perform quickly perform validations all at once. You can access documents and forms from this screen, since you can open the request form and access any attachments, read comments and consult request information.The User Portal is simple to use, and WorkflowGen's Dashboard feature lets users track the status of their approvals in real time at every stage of the process. The Dashboard can also be used with Quick Mass Approval, so everything you have to approve is available at a glance, and refreshes every time you return to or reload the Portal home page.WorkflowGen's mobile app lets users perform approvals and access the document and forms from anywhere and on any device. This can eliminate bottlenecks and delays in the approval circuit, such as when someone's waiting on an urgent document to approve but has to leave the office. The Remote Approval feature lets users validate documents by replying to or clicking a button in an email.And of course, as a BPM solution, WorkflowGen lets you set rules, such as triggering additional required signatures on a specific document or form based on certain information. For this you could use the document's metadata (which can be updated dynamically over the course of the process) as workflow data for the rule.Hope this helps.Cheers.
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What is a good digital workflow tool?
In one of our blog articles, we published the best workflow tools. I’ve added some of these tools below:PROJECT WORKFLOW MANAGEMENTFILESTAGEFilestage is a unique workflow management platform that allows team members to collaborate on digital content entirely online. No installation is necessary, and clients can provide feedback without the need to register an account.Designed with the creative team in mind, Filestage is the perfect choice for marketing agencies, corporate marketing teams, and collaborative content creators of all kinds. As you share content online, collaborators can provide visual feedback and comments directly to the target product.Filestage keeps a record of all product versions and comments, and it goes where you go, no matter if you’re working on a PC, tablet, or smartphone.ACCELOAccelo is a cloud-based operations automation system that allows team members to collaborate in one place from project start to finish. With this system, you can integrate with a myriad of other platforms to include Microsoft Office, PayPal, Quickbooks, Airtable, and many others.Use Accelo to sync your email and calendars so that you can keep tabs on all client work in one central location. Other features include the ability to convert quotes into projects, tracking timesheets for full visibility into employee production, and service and retainers to maintain high process quality.ASANAWork management platform, Asana, is a comprehensive system that allows team members to track goals, tasks, projects, in a highly organized fashion. Through Asana’s colorful visual organization design, with just a quick glance, all team members can see exactly what each person is tasked with when those tasks are due, what the big goals are, and a well-defined path on how to achieve those goals. The timeline feature allows clear visibility into how projects are progressing towards the end goal. Project managers can organize various projects the way they see fit and prioritize tasks within each project.AVAZAAvaza is a comprehensive project management solution that allows all team members to collaborate on projects and tasks together. Tasks can be assigned with precise detail to include due date, assignee, status, completion date, description, and fields to add followers, tags, attachments, and comments.Available views within Avaza include Kanban boards, Gantt charts, and lists, where the progress of each project can be tracked via percentage complete. Integrate Google Drive and Dropbox files to keep real-time document changes up to date across all users, and sync with your calendar so that you can see what tasks are due when anywhere.Here you can find more workflow tools: https://blog.filestage.io/workfl....
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What are existing software systems for managing workflows?
Workflows can be difficult on their own and it is sure that an easy-to-be-managed software can help you eliminate this. I will propose you three different tools which I have used and I'm of the opinion that are game-changing.Starting with Kissflow:(+) Drag and Drop editing(+) Integrations with other software(+) User can set permissions and pull reports(-) Limitation on API calls,(-) and lack of possibility to give access in a process to guests.https://kissflow.comFurthermore, there is Comidor:(+) Advanced and basic conditions BPMN 2.0 builder to build workflows(+) Role-based accessibility with workflow tasks and processes(+) Reminders and notifications upon customised scenarios(+) Document integration and reporting(-) Limited integrations with other softwarehttps://www.comidor.comand finally, Process Maker:(+) Community support.(+) Notifications can be built in every process.(+) Adjustments can be done without IT knowledge,(+) but there is API access for developers.(-) No integration with other software,(-) and prices are quite high for starters.http://www.processmaker.comI think if you are searching for a workflow tool these three must be in your top list. As far as I’m concerned workflow implementation takes time and must be included in the substantial costs of your company. So, be sure before you choose the right tool! Last but not least, I believe that Comidor out stands from the other two as it includes high level workflows and other necessary tools which a company needs at a small price.
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Is the cryptocurrency Bitcoin a good idea?
Yes.Here’s the problem: most people who know a lot about Bitcoin can only speak “tech”.I was at a conference recently. I was the keynote speaker but had zero talk prepared (as usual). It was a crowdfunding conference so I “crowdsourced” my talk.I asked the audience: I can talk about entrepreneurship or I can take fifteen minutes to explain Bitcoin without using any technical jargon. Clap for which one you want.Almost 100% of the people wanted to learn about Bitcoin without the technical jargon.People are hungry for this. They don’t want to hear about “crypto” or “blockchain”. They just want to know what all this Bitcoin stuff is about.Back in 2013, I thought Bitcoin was a scam. I was wrong.First, some credentials.In early 2013 I had my doubts. I started reading everything I could. Then I got my hands dirty.I’ve been a coder / programmer since 1985. I decided to code up a Bitcoin only store (maybe the first ever) and sell my book, “Choose Yourself” on it before it was released on Amazon.It was very hard. I had to develop the store from scratch since there were no easy tools to help me. There still isn’t (hint: business opportunity).Once I launched it, quite a few people bought my book. I sold a PDF of my book for 0.1 Bitcoin. Bitcoin was then $60 so I sold it for about $6 per PDF. Right now, it’s as if I sold each PDF for $1600. I sold many copies.I went on CNBC when they heard I was doing this. The anchor asked me, “Did you just do this for publicity?”I said, “Well, I’m on national TV so I guess it worked.”Another thing worth noting: Most of my customers came from one domain name (they had to submit their email addresses for me to process the sale): Amazon.com. Make of that what you will.A few months ago I started writing about cryptocurrencies again. I saw so many people getting involved in scams, I wanted to help.The other day I had an Uber driver who thanked me during the car ride for helping him “get it”.And last night at a restaurant, the waiter at the end of the meal shook my hand and thanked me for helping him “finally” begin to understand what Bitcoin was about.In order for crypto currencies to succeed, people need to understand at a basic level what they are. Nobody needs to learn complicated cryptography or blockchain.Just understand why now. Why this is important for us a society.TWO CRITICAL REASONS BITCOIN IS HISTORICALLY IMPORTANT AND HERE TO STAYJust understand these two reasons. Then you will know the potential for Bitcoin. And you will be popular at cocktail parties.A) THE HISTORY OF MONEYEvery new style of money solves the major problems of the last style of money.BarterIf I have a bag of rice and I need shoes, what if you make shoes but you only need 1/2 bag of rice. Do I get 1/2 a pair of shoes?Barter has a lot of problems. In the above, coming up with the rice to shoes exchange rate is difficult.Then coming up with 1000s of exchange rates just to go out and buy groceries is almost impossible.PLUS, what if you have to move (your kingdom is attacked). How are you going to carry all that rice? All of those shoes?Money has two purposes:as a store of wealth / savingsto make transactionsThere’s a third, which Ray Dalio, the head of the largest hedge fund in the world, Brigewater, told me the other day. But we’ll get to that later.Barter is horrible as a store of wealth. And for transactions, best case it’s very difficult.But problems lead to opportunities. Which leads to…2. PRECIOUS METALS / COINSGold and silver are scarce. It’s hard to mine them.But it’s hard to forge them because you can measure by weight.So the scarcity combined with the lack of forgery makes them good choices for money. I can convert my rice into gold coins, you can convert your shoes into gold coins, and now we can trade and now we can buy whatever we want.(Marcus Aurelius on a gold coin)As a store of wealth, it’s not great but not horrible.If my kingdom is attacked and I have to move, gold and silver are easily stored and carried as designed jewelry.BUT, two problems.One: what if you live in a country that doesn’t have any gold mines. Now you either have to trade for gold or start attacking countries: (this did not work out so well for the Aztecs).Two: What if you wanted to buy a house right now: are you really going to bring a truck of gold bars to the closing? Or if you have to move to another country and you have a lifetime worth of savings: are you going to ship all of your gold bars to your new home?People say that gold is “real” as opposed to (later) paper money and cryptocurrencies.This is not really true. Gold is a rock. But it does have industrial uses (silver is better for this because of price but still…). Gold and silver are great electric conductors, can be used as SILVERware. Can be used as antibiotics (hence great for fillings on teeth).So we can say that gold money is “backed” by something that has real use with value associated with it.But we still have to solve the problems above.3) PAPER MONEY BACKED BY GOLD AND…PAPER MONEYCountries made paper money that was like a contract with the government that all of that money can be converted into gold.This was great for transactions (easy to carry paper money).This was great for store of wealth (put the money in a bank and you can go anywhere). The first banks for paper money backed by gold helped fund every war in Europe in the 1800s. Good job!When paper money is backed by gold it also puts a clamp on inflation. You only have as much paper money in a country as there is gold in that country.(yes, there is a 100,000 dollar bill in the US. Woodrow Wilson is on it).So you can trust the government to not go crazy printing money that is not backed by gold (like German in the 1920s when trillions of Marks were printed and Germany went into an inflationary death spiral that was at least one cause for World War II).BUT, why benefit the countries where gold is easy to mine and punish the countries where gold is hard to mine.Also, the world is expanding in every way: more people, more technology, more innovation, more THINGS.I’m not sure this is a good thing or a bad thing (see: Germany above) but sometimes countries need to balance debt with money printing to manage their fiscal policy.The US went off of gold in the early 70s in order to fund the financial needs of both the Vietnam War and the social improvement programs of Lyndon Johnson.This created inflation.Paper money will often lead to this situation. Someone will say: why do we need the gold part?Again, might be good or bad. There’s a lot of debate. Did money printing save the US in 2008 and 2009? Maybe. Or will their be future problems caused by this? Maybe.Nevertheless, there are other problems with paper money that need to be solved:a. No privacy.If I’m making a sizable (greater than $1000) transaction I’m usually not using cash but either a credit card or a money wire.So that means your bank knows. Other banks know (the bank you are sending money to, the Federal Reserve, the local Reserve bank, etc).Government agencies know (the IRS, the NSA, etc etc).Potentially sites like Google and Amazon know depending on what payment services you use and what you are buying.So you have no privacy on your transactions with paper money.b. Fees.If I send a friend in Korea money, I go through my bank (fee), local reserve bank (fee), Federal Reserve (fee), International wiring system (fee), their central bank (fee), their local reserve bank (fee), their local bank (fee).That’s a lot of fees. Those fees help create inflation because every transaction needs to have a profit on top of those fees.c. Forgery. Something like $200 billion in forged money is circulating right now.d. Human error. This is a CRITICAL problem. There are so many opportunities for human error. When you transfer money, they can send to the wrong account. Or a bank’s software can be hacked and you lose all of your money.Or, most importantly, the Federal Reserve in the US can decide to print another trillion (Like 2009) and, without your permission, the value of your dollar has gone down.In the US we’ve been lucky. But all of South America hasn’t been so lucky (all of their currencies crashed in the 80s. Most of Asia wasn’t so lucky in the 90s (their currencies wiped them out). Russia in 1997 was wiped out.Many countries have relied on humans to print (or not print) money and the slightest human error can wipe out an entire country’s economy.The United States has been lucky. For now. But this is a HUGE error we risk every day.These are the basic problems. There are more (theft, for instance).e. What is backing paper money?Only our trust. I don’t want to be a conspiracy theorist. But the reality is: a dollar is a piece of paper. Just like gold is just a rock.How do they make us trust that the money has value?They put “In God We Trust” on it. They put George Washington. They put the signature of the Secretary of Treasury (pretending it’s a contract.).And, for the weirdos, they even put a pyramid with an eye on it.And that’s supposed to be why we trust it. I don’t trust it.4) BITCOIN (and, btw, Bitcoin is not the end. There will be a “5”).Bitcoin solves the problems above.a. Human error: there is no printing of money. There is a fixed supply of 21,000,000 coins.How do I know this? I’m a skeptic. So I read the software behind Bitcoin. I read it over and over until I could figure it out. In one part of the code they clearly define how many coins can be “mined” / printed (printed is the wrong word but I’m using it here to make the connection with paper money). And there’s another part of the code which “enforces” the first part.(part of the code that limits the total # of bitcoins to 21,000,000. I found this by reading ALL of the code for bitcoin).b. Theft. Like with every other form of currency, an exchange (like a bank) that stores your Bitcoin can be hacked and money stolen.BUT, I only keep a small amount of money in an exchange. You can get a storage drive, store your money, and put it in a safety deposit box. So even if the exchange is attacked, you still have your money.ALL theft can be prevented this way with Bitcoin. You can’t do this with paper dollars because if you have too many dollars, how will you store it? Ditto for gold.c. Forgery. The software guarantees that Bitcoins can’t be forged.d. Privacy. I can send you a Bitcoin and nobody knows who is sending it, who is receiving it, and no government institutions are aware of it.e. Fees.Some bitcoin transactions have small fees. But it’s nothing like the fees of going through six banks in the transaction described above.What’s backing it?There’s about 1000 man-years of science backing Bitcoin.The underlying technology of Bitcoin which involves heavy amounts of cryptography, financial know-how, and basics of contract law, plus the “blockchain” have 100s of use-cases that we have only just begun to play with.EVEN IF Bitcoin is never used as a coin (although note: it’s being used every day as money) there are 100s or 1000s of other uses for Bitcoin that have nothing to do with the basic money use.I won’t get into the weeds here: but suffice to say that ALL of contract law can be (and will be) eventually replaced by Bitcoin.And ALL of logistics will be replaced by Bitcoin (e.g. UPS is replacing all of their internal logistics (tracking millions of packages every day going from millions of locations to millions of other locations) by Bitcoin technology.There’s nothing behind paper money or gold like this.Now…Bitcoin has problems also.Hence the need for other cryptocurrencies. But that’s ok and not the topic for here. Suffice to say, Bitcoin solves all the basic problems of paper money, which solves the problems of gold, which solves the problems of barter.HOWEVER, there is another reason why Bitcoin is here to stay and it’s so compelling.——EVOLUTION OF EVERY INDUSTRYEverything in life evolves. Not only species but ideas.Let’s look at some industries.MEDICINETheism: 500 years ago if you got sick, you’d either pray to a god to get better, go to a shaman, make a sacrifice, or assume you committed a sin that made you sick and would try to undo the sin.Humanism: Post-rennaissance, we had human “experts” called doctors who would either leech us to death, perform horrible surgeries that would kill us, or would pat us on the back, hammer our knee and say, “take two aspirin”.Doctors aren't bad. They’ve saved many many lives. But Humanism has it’s limits. A known fact is that, on average, the moment when a doctor is most effective is his or her first year out of medical school. After that, statistically downhill.Data-ism:Now when if you go to a doctor, you get tests. You get blood work, you get an MRI, an EEG, an X-Ray, the X-Ray might go into a database and an AI algorithm matches it against other X-rays (does it match a tumor X-ray or a non-tumor X-ray?). We even get genetic testing to see if our illness is in our chromosomes.Then, armed with data, often a computer will tell us the correct solution (and even a computer can do the robotic surgery needed), or a human will help interpret the data (but there’s room for human error here).(source: National Genome Research Institute)So Medicine has evolved fromTheism → Humanism → DataismLet’s pick another industry:WARTheism: 3000 years ago if two countries went to war, the kings would perform massive sacrifices to their gods the day before.In the Bible, whosever God was stronger (Baal versus Yahweh being a notable Hebrew battle), that group would win the war.Fragments of this exist right now: May the Force Be With You, said to Luke before he flies out to fight the Death Star.Humanism: For the past 500 years, whoever had the most humans on the ground, the most bullets, then the most planes, then the most bombs. ,would win the war.Data-ism:War is being fought every day now. EVERY SINGLE DAY. Every day, some country tries to bring down the electric grid of Poland.Every day, every Fortune 500 company is attacked by “bot armies” coming from…nobody knows.I’ve been involved in the cyber security space for 25 years or more.I once was talking to a company who helps Fortune 500 companies fight “bot armies”. All of the employees were top Phds who were the experts in their fields.One guy told me, “No matter how smart we are, they are smarter.”Who are “they?” The people making the bot armies. Where do they come from? We don’t know. They come from everywhere. They are just smarter than us.Elections are rigged. Companies are attacked. Information is stolen.We have been in World War III for at least 20 years and it will never end. Dataism has taken over war.Ok…MONEYTheism: “In God We Trust”Humanism: “George Washington”. A picture of Independence Hall. Or the White House. Anything. Anything at all so that we trust humans with what we are given in exchange for the hard labor we do every single day.Do we trust humans? I tend to trust humans. But that is maybe not so smart all of the time. Humans make a lot of mistakes and that’s been the downfall of so many companies, so many families, and so many…everything.Data-ism. Bitcoin and now other cryptocurrencies.1000s of man-years of science. 100,000s of lines of code that has been checked by 10,000s of the best programmers.Data-ism prevents forgery, keeps privacy, re-creates all contract law, avoids fees, avoids theft. And this is just a small sample of what data does for money.“In Data We Trust” for better or worse. But it works.The natural evolution of money has arrived. And it’s not only Bitcoin but other cryptocurrencies.FAQ:Why do we need other Cryptocurrencies?Why do we need more than one currency at all? Why is there a US dollar and a Canadian dollar.FOR NO REASON. Just an artificial border created in 1770 and we have two different currencies.Cryptocurrencies have what I call are “problem borders”.One coin is better than Bitcoin for making contracts (Ethereum).Another coin is better for privacy ((Zcash. A problem with Bitcoin is that although there are no names on a transaction, I can see the size and the time. So privacy is still a slight problem).Another coin might be better for solving a problem of decentralized storage (as opposed to storing all of your photos on one centralizes spot that can be hacked like Google Drive). Bitcoin doesn’t address this problem.Problem Borders create new currencies.Is it too late to invest in Bitcoin and other cryptocurrencies?Right now, this reminds me of the Internet in 1995–6. There’s a bit of irrational exuberance in new coins. Prices are going crazy.There will be a massive pullback. BUT, the legitimate coins are here to stay and will keep going.Amazon, of course, pulled back, when the Internet pulled back. Now it will eventually be a trillion dollar company. Many companies that started in the 90s have survived and thrived and were great long-term investments that have paid off.Cryptocurrencies are the “internet of money”. The internet is here to stay and so is the internet of money.We are only in inning one of the cryptocurrency shift in our money.Will cryptocurrencies replace paper money?Yes. Eventually. It might not be Bitcoin although Bitcoin will always exist.But each country, to solve the problems of paper money, will eventually switch. Countries that are debating it include: Israel, Estonia, Venezuela, Argentina.Countries that will use some aspects of cryptocurrency technology in their central bank will soon include China, Korea, Russia, and yes, the United States.And many countries will reject cryptocurrencies but their population will shift en masse to cryptocurrencies in order to avoid corruption, human error, theft, etc. First on my list for this is Argentina.What will the value of cryptocurrencies be?When I first wrote about this, all cryptocurrencies added up was about $200 BILLION. Now it’s around $750 Billion. Although I do view many of the currencies as scams so the number is really less.That’s the “SUPPLY” of cryptocurrencies.The DEMAND is the amount of paper money + gold that exists.That number is $200 TRILLION.So in order to go from ONE TRILLION to 200 TRILLION that’s a 200x gain. In other words, $10,000 turns into $2,000,000.And if you focus on the legitimate currencies, the gains are much greater.So, again, we are very much in the beginning of this. There is no other investment opportunity in our lifetime greater than this. And we ARE at the beginning.What are the legitimate cryptocurrencies?There are many. I don’t want to get into the weeds here and discuss all the technology.And I also don’t like all the speculative trading that is going on in cryptocurrencies. Speculation leads to scams and bubbles.But just like there were Internet companies that survived the bust and became the companies we use every day, there are cryptocurrencies that exist now that we will use every day ten years from now.You said on CNBC that Bitcoin will go to a $1,000,000? Were you kidding?No.Bitcoin hit $20,000 recently. We just said it could go at least as much as 200x higher. That’s $4,000,000. So even at $1,000,000, Bitcoin will be a buy.How else can one make money in the Bitcoin sector?You don’t have to be a software developer.When the gold rush hit in the 1800s, Levis Jeans became the big winner. And the companies that sold “picks” and “shovels”.There will be many picks and shovels companies in the Bitcoin space.Sites that have the latest bitcoin news and analysis will do well. Exchanges will do well. Companies that help integrate traditional companies with the deeper parts of Bitcoin technology will do well (like whoever is helping UPS integrate blockchain tech into their logistics).Companies that help new cryptocurrencies launch will do well.And on and on.Someone said you called “Bitcoin is a Ponzi scheme” in early 2013. Why should we trust you now?First, I’m always a believer that the best investment is in yourself. This will provide greater than 200x returns.That said, I was wrong in early 2013.I’ve been a software guy for 25+ years. I’m able to do my research. Which I did.By May 2013 I had already done enough research to build my own bitcoin store, go on CNBC and discuss Bitcoin, and be an advocate when it was just $60. This is all public info.But, for me, focusing on my physical health, emotional health, creative health, and spiritual health, will always be the most valuable “Currency” I can develop and trade in.Could Bitcoin be just a fad?No.Paper money DOES have the problems described above. Someone has to solve those problems. Bitcoin and other cryptocurrencies solve them.And every industry evolves. Cryptocurrencies are the “In Data We Trust” way in which money is evolving.And $750 BILLION believes in me on this.Who is Satoshi?Satoshi is the secretive founder of Bitcoin. He is worth many many billions in Bitcoin right now. He is anonymous and reporters, governments, etc have never figured out who he is.That said, a number of people know who he is. I read his blog every day, He is a secretive person and nobody wants to blow his cover.Well, what should I do now?Don’t listen to me.a. Get an account on Coinbase (or wherever). Buy $10 worth of Bitcoin just to taste and feel it.b. Then read. Read a lot.Here’s some books not about Bitcoin that are worth reading:Sapiens by Yuval HurariThe Evolution of Everything by Matt RidleyThe Ascent of Money by Niall Ferguson.Antifragile by Naseem TalebThere’s a lot of discussion of cryptocurrencies on Reddit and Twitter. DO NOT read those. Most of those discussions are filled with trolls although there are some decent sources there.Blogs / Sites: start with Coindesk and CoinTelegraph. You'll find the rest as you read more.
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What are the best strategies for preparing for the GMAT?
Consider your schedule and budget and decide what works for you. Some people are comfortable taking their time with self-study, while others need a more guided approach, whether it's live or via canned materials (books, videos, etc.). Remember that the GMAT is one of the few things under every applicant's control by the time you've graduated college, so it's an incredibly competitive benchmark.One important note: on average, students who focus primarily on practice problems improve by about 20 points before hitting a plateau (according to our David Kuntz, Knewton's VP of Research, who helped develop the original GMAT algorithm.) Unfortunately, this early jump leads many to believe that if they simply "practice more" they will continue to improve. If your score plateaus early, it's worth taking a step back and considering a more guided approach through some sort of prep.Here's a suggested study plan for prepping in 3 months:Week 1:Take a diagnostic practice test to see where you stand overall. Learn the basic parameters of each section including scoring and question types.Weeks 2 – 4: Do as many practice problems as possible for each section and read explanations for any wrong answers. The goal is not just to see whether you are better at Verbal or Quant, but specifically which sections (Critical Reasoning, Sentence Correction) and which question types (strengthening arguments, usage of idioms) are the most difficult for you.Weeks 4 – 8: Now that you have a lot of practice questions under your belt, you want to focus on the bigger ideas behind them. If Sentence Correction is killing you, work through a good guide to essential GMAT grammar rules. If Data Sufficiency algebra is your weak spot, then crack open a math textbook and brush up on your fundamentals. During this middle phase you should keep doing practice problems for every section — not just the ones you struggle with! — but the real goal should be mastering the content.Weeks 9 – 12: For the last month, focus on strategy. We recommend doing this last because strategies are what you will want to have in your head if you ever get stuck on the content of a question. Try plugging in numbers on the Problem Solving section. Work on sketching quick outlines for passages in RC. Practice negating assumptions in CR. These methods don’t involve mastery of any GMAT material, but they can save you serious time once you have them down.In addition to strategy work, review any math or grammar content that still feels foggy during this period, and be sure to take one more practice test before the last week.Final Week: The final week before the GMAT is best spent working on your timing strategies. Complete entire sections of the GMAT and time yourself so that you have a sense of how long you should spend on each question type. Don’t try to learn complex new math concepts or test-taking strategies during this period; instead, prepare yourself mentally and emotionally by getting more sleep and maintaining healthy eating habits. Shorten your study sessions and reduce your stress, but make time to review the essentials.As you study, be sure to remember:Consistency and routine are your friends. Try to study at the same time each day, and be sure to pace yourself. Studying every other night for between 45 minutes and two hours will allow for much more long-term retention of content than weekly cram-fests and all-nighters.Try to cover each section every time you study. We definitely do not recommend spending a month solely on verbal and then a month on math. Follow up Critical Reasoning lessons with Data Sufficiency questions to keep everything fresh in your mind.Focus on your weaknesses. While you certainly shouldn’t neglect math for verbal or vice versa, you may focus more on one section if you find that you lose considerably more points in that area.Work repetition into your schedule. This will ensure whatever you learn at the start of the three months is still in your head at the end.Don’t overemphasize practice tests. Full-length practice tests are an important part of any GMAT prep regimen, but it’s important not to overdo. One full test every other week is more than enough. Three tests over the course of three months is also a sensible structure. Don’t panic if you get a bad score on a practice test, nor celebrate too much if you get a good score on one. Whatever scores you find yourself getting, focus more on the questions you miss than on the actual score. The point of taking practice tests is to improve, not to predict the future.Be sure to use quality practice material; beware of "free practice" sites that are intended to sell ads and email spam, not help you study.I work as a developer for Knewton, an educational technology company. We have articles about study plans, score goals, and more on our blog at www.knewton.com/blog/gmat/. You'll find reviews of our course and others at reviews.beatthegmat.com. The most important thing about prepping for the GMAT is to have a solid plan and to know your own needs.Good luck!
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