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Is technology becoming too dangerous?

More to the point, have all the constant advancements in technology now made it too dangerous?

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Who doesn’t like getting their hands on some cool new tech? We all love it when a new and advanced smartphone comes out, or a cool app that lets you do things you’ve never been able to do before – even stuff like drones are super fun and exciting.

Technology has advanced to the point where regular people can easily hack into your computer or phone and steal loads of personal information.
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The technology whirlwind has taken the world by storm, and we’re seeing more and more developments each day. It’s come to the point where almost every aspect of your life is helped in some way by technology. Typically, we see this as a good thing, but, what if we threw a spanner in the works and looked at it as a negative? More to the point, have all the constant advancements in technology now made it too dangerous?

There are three main arguments afoot here; the dangers of trusting technology, the growing cyber threats, and this idea of artificial intelligence knowing a bit too much.

Humans are putting too much trust in technology

This first argument is all about lazy humans relying on technology to do things for them. The best example of this is in a car. Nowadays, people are trusting their cars to park for them, stop for them, or even full-on drive for them. Needless to say, this is potentially dangerous, and we already see car accidents as a result of technology. As the Dolman Law Group states, car accidents are one of the leading causes of serious injuries, and there are thousands of them every year. We’ve seen people in Tesla cars end up in fatal crashes because they were using autopilot and not focusing on the road. Even a more small-scale problem is people bumping into other cars when parking because they were too dependent on the parking sensors. Are we putting too much trust in technology, and is this dangerous? There is indeed an argument to say that this is the case.

The increased risk of cyber threats

Technology has advanced to the point where regular people can easily hack into your computer or phone and steal loads of personal information. You could be chatting to someone on Grindr, and they could easily be trying to get a little bit of personal info to gain access to all your sensitive online information. Many people have had money stolen thanks to cybercriminals, and the superfast technological advancements are making the online world a more dangerous place by the second.

Artificial Intelligence keeps on learning

Lastly, there’s the worry of AI learning too much information and getting to the point where it develops its own sentience and is no longer under human control. This isn’t something we need to worry about right now, but it’s a possibility many people – including Elon Musk – worry is on the horizon. Will technology get to the point where it can literally take over the world? Who knows…

So, is technology becoming too dangerous? There are definitely arguments here that will make you rethink how you look at technology. The biggest way to prevent tech from being a serious problem is to make sure it’s continuously being monitored, and we don’t depend on it too much.

LIFESTYLE & CULTURE

Is risk-taking compatible with forex trading?

There are many types of risks which are an inherent part of forex trading, from exchange rate and interest rate changes to marginal and transactional risks. However, this doesn’t mean that reckless risk-taking is a necessary or even advisable part of forex trading. Having a detailed plan and a strategic approach means you will be prepared to deal with risks and there consequences when and if things go awry.

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It would be impossible to trade in forex without assuming some type of risk, according to several experts. Does this mean that risk-taking is part-and-parcel of forex trading and that being prepared to take risks without fear of the consequences is an essential part of the game?

On the contrary, experts say that the question is how you identify and manage risk to fit your individual circumstances. Whether it is stocks or forex traders on a platform like FXPro, all investors should draw up unique and comprehensive risk management plans that would stop them from trading within acceptable risk parameters according to Stockmarket College.

“High risk is typically associated with high returns, although this isn’t always the case; high risks can also mean incredible losses,” Stockmarket College  warns, adding that you should get clarity on 

Trading Academy defines forex or foreign exchange as the trading currency pairs. “When you go long on EUR/USD, for example, you are hoping that the value of the Euro will increase relative to the U.S. Dollar,” they explain.

The article added that as with any investment you could “guess wrong” or add additional risk to your trading by targeting less popular currency pairs.

“It’s useful to keep in mind that the vast majority of forex transactions are made by banks, not individuals, and they are actually using forex to reduce the risk of currency fluctuation,” Trading Academy explains. “As an individual, you are less subject to many of these risks, and others can be minimized through sound trade management.”

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In an article on iForex, the authors write “risk is an important part of trading and – in the right hands – it’s a valuable tool that can help you make trading decisions.”

They describe risk management is a way to identify, measure and analyse risk before taking a decision. “Miscalculated risk management can have substantial impact on companies and individual traders alike,” the article continues.

iForex advises tailoring the size of investment to size of capital. “Why? Because no trader – not even the most professional, experienced, gifted trader in the world – achieves a 100% rate of trading success,” they added.They also advise the use of “Stop Loss” – a market order allowing traders to limit potential losses and calculating the risk/reward ratio for a specific investment by “dividing the amount the investor will lose if the price moves unexpectedly by the profit the investor expects to make when the position closes”.

“It’s useful to keep in mind that the vast majority of forex transactions are made by banks, not individuals, and they are actually using forex to reduce the risk of currency fluctuation.”

Trading Academy identified the following risk factors in Forex trading:

EXCHANGE RATE RISK

This is caused by changes in the value of currency – due to shifts in demand. It can be significant The fact that off-exchange trading in foreign currency is not really regulated adds to the size of this particular type of risk as it means that there are no daily price limits, according to Trading Academy.

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iForex explains that some types of currency are traditionally viewed as more risky than others but these have shown larger returns.

INTEREST RATE RISK

Interest rate risk refers to the profit and loss generated by fluctuations in price of currency including forward outright, futures, and options. Interest rate risk can be ameliorated by continuous analysis of the interest rate environment and timeous forecast of changes.

COUNTRY AND LIQUIDITY RISK

Periods of illiquidity have been observed in several countries and especially outside the United States and European markets.  Countries can also impose trading limits or restrictions on the amount of Forex to be traded, the volume and penalties. This can stop a trader from liquidating an unfavourable position. In some countries foreign exchange prices are also government regulated, Trading Academy states.

Investopedia explains further that interest rates have an effect on countries’ exchange rates meaning that an increase in interest rates would strengthen domestic currency in that country. They add that the converse is also true. This, the authors explain, can cause dramatic fluctuations in forex.

They add that it would be good to assess the structure and stability of a country before investing. “In many developing and third world countries, exchange rates are fixed to a world leader such as the US dollar. In this circumstance, central banks must sustain adequate reserves to maintain a fixed exchange rate,” the article added. “A currency crisis can occur due to frequent balance of payment deficits and result in devaluation of the currency.”

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MARGINAL OR LEVERAGE RISK

As low margin deposits or trade collateral are required in forex trading, it would allow for a high degree of leverage (using other people’s money to invest) – but this also means that small price fluctuations can lead to considerable losses.

Investopedia explains that leverage involves borrowing a certain amount of the money needed to invest in something – and adds that foreign exchange trades often offer high amounts of leverage.

TRANSACTIONAL RISK

This describes the risks of procedural mistakes and mishaps like errors in communications and problems with the handling of an order according to Trading Academy.

Investopedia adds that this type of risk is amplified by time differences between the beginning of a contract and when it settles. The greater the time that passes, the greater the risk, they explain, adding that the reason for this is that it allows for the exchange rate to fluctuate.

The greater the time differential between entering and settling a contract increases the transaction risk.

iForex advises tailoring the size of investment to size of capital. “Why? Because no trader – not even the most professional, experienced, gifted trader in the world – achieves a 100% rate of trading success,” they added.

They also advise the use of “Stop Loss” – a market order allowing traders to limit potential losses and calculating the risk/reward ratio for a specific investment by “dividing the amount the investor will lose if the price moves unexpectedly by the profit the investor expects to make when the position closes”.

There are many types of risks which are an inherent part of forex trading, from exchange rate and interest rate changes to marginal and transactional risks. However, this doesn’t mean that reckless risk-taking is a necessary or even advisable part of forex trading. Having a detailed plan and a strategic approach means you will be prepared to deal with risks and there consequences when and if things go awry.

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Technology

How to stay safe when shopping online

While online shopping is super convenient, it is also essential to be aware of the dangers of internet shopping and take steps to keep your details safe and secure.

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It can be hard to remember what it was like before online shopping took the retail industry by storm and transformed the way that people buy goods forever. According to research, 75% of Americans have shopped online, and it’s easy to see why when it is such a convenient option with so much choice readily available for you to browse from your own home. Nowadays, you can buy pretty much anything and everything online from groceries to cars; you can even buy weed online.

Image credit: Pixabay

While online shopping is super convenient, it is also essential to be aware of the dangers of internet shopping and take steps to keep your details safe and secure. Cybercriminals are continually coming up with new ways to get us to part with our personal information and cash, so being savvy when shopping is so important.

Here are some ways to help keep you safer when online shopping.

Passwords

There’s nothing more irritating than forgetting a password, which makes it all the more tempting to stick with the same password for absolutely everything. While using just one password may make it easier to remember it when you need it if your password is compromised, everywhere that you use that same password is compromised too.

WiFi

While WiFi is an incredibly useful thing, it can also leave you vulnerable to hackers too. Using public WiFi connections when you’re at the coffee shop or in a store is tempting, but it can leave you vulnerable, especially if you are doing some online shopping.

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Lock

A simple way to see if the online retailers you are buying from are secure is by checking the address line. Any site that you are purchasing from should start with HTTPS rather than simply HTTP, you should also be able to see a padlock in the address bar too. Having https and a padlock shows that the site has secure sockets layer encryption.

Feeling

Some websites can give you a bad feeling about them from the get-go, if you visit a site that you don’t like the look of, trust your instincts and don’t make a purchase. You may be wrong, it may be entirely reputable, but you don’t want to find out the hard way that it is not.

Check

You may have been happily shopping away without anything sending alarm bells ringing about a security breach, and then the post arrives, you open your bank statement and get a shock. Even if you don’t think that anything untoward has occurred while you were shopping online, it is still essential to check your bank and credit card statements so that you can check through for any irregularities.

Credit

Never use your debit card when shopping online, as this could leave you open to trouble. Using your credit card when you buy, means that you have a better level of protection if something goes wrong with the transaction, such as your item is never delivered to you despite your payment still being taken.

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Technology

Innovation that could be the next ‘big thing’ after internet

Here are a few innovations expected to be the next ‘Big Thing’ after internet.

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Photo by Franck V. from Unsplash.com

The emergence of the internet was a game changer, and it has changed and transformed the way we do things in the modern world. But that was not the end of innovation; in fact so much is in store and about to hit the inhabitants of the earth by surprise.

Outlined below are a few innovations expected to be the next ‘Big Thing’ after internet.

Artificial Intelligence (AI)

Artificial Intelligence can learn and function on their own without human supervision – sounds like science fiction but it’s a reality that is progressively happening. Let’s examine an example of the above ground pool cleaners, these are amazing innovative robots that clean pools without the need of supervision.

The upcoming AI innovation indicates that the next AI will understand and replicate ideas and procedures hence develop breakthroughs faster.

Autonomous Driving

These are self-driving cars and are already in the market. So in the near future all you have to do is get into your car and tell it where you want to go and maybe take a nap – amazing.

General Motors Company and taxi services like Lyft and Uber are already investing massively for these self-driving cars.

SOURCE: AMAZON.COM

Reusable Rockets

We are accustomed to rockets flying only once then combusting through the earth atmosphere.

United Launch Alliance, Blue Origin and Space X companies are in the process of developing rockets that that can safely land. Very soon rockets will be reusable and space travel will become affordable.

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Augmented Reality and Virtual Reality

 AR is said to enhance reality whereas VR helps us forget. As this two technologies improve users will have access to more content so our experience of technology will change.

Increased Adaptation of renewable energy

Mass production of solar panels will revolutionize this sector and make it more affordable. Governments and companies across the globe will strive to purchase and implement these technology.

Large Scale Desalination

Desalination is a concept used to produce water. The world largest desalination plant in Israeli produces 627,000 cubic meters of water daily.

If adapted it can be used to resolve the global water crisis.

Increased fast Internet

Innovation into increased fast internet is ongoing and Google’s Loon Balloon is one of them. Google Fiber has an internet speed of 1 gigabit per second and becoming very popular in the U.S, Li-Fi has an amazing speed of 224 gigabits per second.

Apparently even Wi-Fi is becoming passive using less power. Very soon internet connection will be history the ‘internet of things’ will connect worldwide.

Online DNA analysis     

Will be used to analyze your genetic online

This will help give people information about their health, explain why you can develop certain diseases and not others.

Knowing and understanding your body will become easy and affordable.

Immune system engineering

There is hope for cancer, multiple sclerosis and HIV patients who could be treated by engineering the immune system.

It is good news to know treatments like chemotherapy will be a thing of the past. There are companies already saving lives through immunotherapy and genetic editing.

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Almost Foldable Phones

Graphene, a hyper-flexible 2D strongest ever tested material has great potential like filtering drinking water, creating medical supplies. With this material foldable phones will soon be a reality.

LG’s Tube Display

Picture rolling up you TV and carrying it in your pocket. LG has come up with this innovation of tube display which is flexible and lightweight.

Google Pixel Ear buds

Google Pixel Ear buds can translate 40 languages. They are only compatible to Google Pixel smartphone.

In conclusion, one innovation leads to another, and the cycle never stops. With funding, support, and innovation, any idea is worth implementation.

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Technology

Best way to create a product configurator for an e-commerce store

As an e-commerce business owner, it is essential that you embrace technology in all ways possible. Unlike having a physical store, online shops are technology intensive.

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Photo by Brooke Lark from Unsplash.com

If you are wondering what a product configurator is, it is merely a customizer that allows consumers to configure specific products the way they want. A product configurator allows you as the business to reach customers in ways that no other tool can. Is it not amazing to be able to have a product just how you imagined it? That is when it comes to the choice of colors, flavor, and material and so on? Product configurators have proven to be handy tools when it comes to making the experience of customers better. That is, on top of being able to offer them tailor-made services and products that meet their individual needs.

Now, the catch is you need to get it right from the word go, in order for you to end up choosing the best e-commerce product configurator for your online store.

The following tips will go a long way in helping you achieve that.

1. Consider the workflow

Already, you have an idea of how you would want the product to work. This is the first step towards having a practical configurator. You cannot get started if you do not have a picture of how you would want your displays to appear and how the product should appear at the end of the process.

2. Make it simple

The difference between an innovation that diffuses fast and one that does not is its complexity. To have the best configurator, it has to be simple and one that will not give the consumers a hard time. The workflow should be seamless and be able to outline the process for the consumers until its completion clearly.

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Building a product customizer is one of the best ways in which you can enhance the experience of your customers and have the competitive edge.
Photo by Charles 🇵🇭@charlesdeluvio from Unsplash.com

3. Include a help section

You can always expect your customers to get stuck once in a while. It is why you need to have the help section. Besides, your product configurator may not be as simple as you think. A helping hand will do.

4. Include a summary for the process

If you have a clear overview, you will make it easier for the customers to evaluate the end product. The summary could include the customized product, its cost among other useful information. From there, they will be in a better position to pick what best suits them and rethink their choices before they get too deep into it.

As an e-commerce business owner, it is essential that you embrace technology in all ways possible. Unlike having a physical store, online shops are technology intensive. More so, due to a few complexities, owners are required to do everything in their power to make the experience of the consumers worth the while. Building a product customizer is one of the best ways in which you can enhance the experience of your customers and have the competitive edge.

Being able to stand out in the crowd is what will make customers keep coming back for more: a product configurator is the key that you need.

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NEWSMAKERS

Gay, lesbian, bi people more likely to perpetrate or become victims of ‘revenge porn’

The rainbow community is tarnished, with gay, lesbian and bisexual respondents more than twice as likely to admit to taking and threatening to distribute sexual images of another person without their consent. They were also 2.5 times more likely to actually distribute them.

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Gay, lesbian and bisexual people are more likely to perpetrate or become victims of “revenge porn” and other forms of abuse involving sexual photos or videos.

This is according to a study done by researchers at RMIT University in Melbourne, Australia, and first reported by Perth Now.

The researchers polled more than 4,200 people aged 16 to 49, asking them if they’d secretly taken photos or videos of someone, distributed the images, or threatened to do so. Eleven percent (11%) admitted to engaging in some form of image-based sexual abuse over their lifetime.

Behaviors included here are: receiving a consensually-shared nude or sexual selfie and sending it onto others without the subject’s consent; covertly filming or photographing someone without their knowledge; and threatening to share or sharing explicit images of another person — including past sexual partners — in an attempt to embarrass or humiliate others. A victim shared to us a similar experience on condition of anonymity. She came across a fake Facebook profile that was using her identity. Although there weren’t any doctored or nude pictures of herself on that fake account, it was posting many inappropriate, adult content that tarnished her reputation. The “About Me” section even states that she is a “Sex Goddess, Best Bitch in Town.” and “I love sex! I love sex toys! My current obsession are the Ben Wa balls from Loveballs.co“.

Another 9% of the respondents said that they had taken nude or sexual photos or videos of someone without their consent, and 6% admitted to distributing such images. This includes instances where people covertly filmed up women’s skirts or down their blouses.

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Interestingly, self-identified victims of these abuses were also more likely to be abusers. And these abusers were also more likely to share images of people they knew, including partners, ex-partners, friends and even relatives, rather than images of strangers.

Men were twice as likely as women to admit to perpetrating revenge porn.

The rainbow community is tarnished, with gay, lesbian and bisexual respondents more than twice as likely to admit to taking and threatening to distribute sexual images of another person without their consent. They were also 2.5 times more likely to actually distribute them.

Additionally, gay and bisexual men were more likely to engage in such behavior than lesbian or bisexual women.

Governments all over the world are actually already developing/implementing laws pertaining “revenge porn:, even if the success of cases still largely depend on the willingness of victims to go after the perpetrators.

In the Philippines, for instance, there is an existing Anti-Photo and Video Voyeurism Act of 2009 (Republic Act 9995) that eyes to prevent the publication, copying and distribution of similar materials that would damage the honor of a person on media platforms.

However, violations to this law continue to increase. Data from the National Bureau of Investigation’s (NBI) Cybercrime division show that in the first three months of 2019 alone, there were already 142 reported cases of violations of RA 9995, a figure surpassing the total 94 cases filed in all of 2018.

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For its part, the Philippine National Police Anti-Cybercrime Group (PNP-ACG) recorded 106 cases in the first two months of the year: 49 in January and 57 in February.

Members of the local LGBTQIA community also make the news for this, including – and more recently – the Vic Fabe scandal.

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LIFESTYLE & CULTURE

Traveling with an e-reader or tablet?

Which is better for traveling, a tablet or an e-reader? We go through the pros and cons of each device and which you should consider taking on vacation.

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Photo by Brooke Lark from Unsplash.com

Should you travel with a tablet or e-reader?

In the days before e-readers, travel reading was limited to whatever book you could carry or whatever you could find at the airport bookstore. Today, you can download dozens of books to your e-reader or tablet and take them with you without sacrificing space or weight. But, if you are planning an extended holiday, or even a camping trip, which option is better?

How Much Reading Are You Going To Do?

The thing with e-readers is that they are designed for reading and not much else. Yes, some of the higher range models offer basic web browsing and audio book functions, but that’s where it stops. If you plan on using your device for more than just reading, tablets are the way to go. However, if you just want something to read on, then e-readers are more practical.

SIZE AND WEIGHT

On the whole, e-readers are lighter and smaller than tablets. They are also easier to hold and have a much longer battery life. One charge on an e-book can last you anywhere from two weeks to a month. A tablet will last for two to four days on a charge.

If you just want something to read on, then e-readers are more practical.

EYE COMFORT

Eye comfort is a new buzz phrase that is being thrown around in the mobile tech industry. Researches have realised that the electronic glare of a tablet or smartphone screen can alter your circadian rhythms and make it more difficult for you to fall asleep at night. This is why most monitors and tablets now days come with an eye comfort feature. This is not an issue with e-readers as they use e-ink which and alternate light sources. If you are planning on getting in an hour or two of reading before you sleep, you may want to consider using an e-reader.

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FUNCTIONALITY

When it comes to functionality, tablets cannot be beaten. You can think of a tablet as an oversized smartphone with the same basic functions. Many of the top brands also feature high-end cameras and external add-on features. A tablet can be used for anything from surfing the Internet, to watching movies, playing the online Blackjack Canada has to offer, listening to music, booking your next hotel or playing games while you are stuck in the airport on a long layover. They can even be used as a GPS, for augmented reality walking tours or as a translator device. The e-reader function on your tablet is just one of the many apps available on your device.

OUTDOOR USE

While the technology is certainly improving, most tablets are difficult to use in bright sunlight. Changing the screen mode can help, but you will suffer some eyestrain. This is where e-readers have a huge advantage. They work well in both high and low light conditions and are perfect for the beach as well as the couch.

If you plan on using your device for more than just reading, tablets are the way to go.

CONCLUSION

If you read a lot and if you plan on reading at the pool, on the plane and in bed before you go to sleep, you should consider traveling with an e-reader. It is lighter, easier and more comfortable to read with and it will last weeks on a single charge.

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If you plan on doing some light reading in the airport or at the hotel, then a tablet will do. They are especially handy if you want a large-screen device to watch movies on, play music or look up information on your destination. The only downside is that you will have charge it every few days. We suggest that if you have the space, take both your e-reader and a tablet.

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