Bitcoins: Can They Be the Future of Money: Bitcoin is a form of digital currency that was created in 2009 by an unknown computer programmer. It is a type of digital currency that has been around for the last few years.
It has been gaining popularity in recent months. You can now use it to buy everything from pizza to houses. It differs from the traditional currencies due to decentralization. There isn’t anyone bank or government which controls them.
This means no transaction fees for sending Bitcoins around the globe. Decentralization links Bitcoins with illegal activities on account of anonymity. It is paramount to know what Bitcoins are, how they work, and whether they have potential as a future form of money.
Bitcoins: Can They Be the Future of Money
What is Bitcoin?
Bitcoins are an online network of money used to buy almost anything. They allow you to send and receive payments from this source without transaction fees or intermediaries. It is easy for anyone with internet access or a smartphone to use Bitcoin at their convenience. This makes it great for people who may not have bank accounts currently.
A single Bitcoin had reached over $4000 this year alone. There is sparking debate on whether its value will continue to rise as shares did before 2008’s market crash. If you bought some at £12, each would now be worth well; into six figures. The price keeps growing due to limited supply.
While there are 21 million Bitcoins available in total, only 16.75 have been mined. New ones are created every day by ‘miners.’ Miners refer to computers that solve complex equations to create new coins and record transactions on the blockchain. But they get more complex over time as companies like block quarry corp and Bitcoin SV continue to grow.
You cannot deposit Bitcoin in a bank account. Also, it cannot be used with your PayPal account. As a digital wallet, it can hold unlimited amounts without any transaction fees for sending between users worldwide. But, remember that there is no consumer protection when using these services due to their nature. If something goes wrong (e.g., fraud), you may not receive help from anyone else.
Bitcoin is the most well-known digital currency, but it’s not alone. Over 700 different cryptocurrencies are available today. One of the only others that have been around for as long and have similar prominence in its own right is Litecoin. Its launching happened two years after Bitcoin.
It used a faster block generation rate allowing confirmation of more transactions per second. This means you can send or receive money anywhere across the world much faster than with traditional currencies on account of lower fees.
Some newer ones are created by enthusiastic developers who want to ‘improve’ upon what is existing. If investing isn’t your thing, don’t worry about missing out. As always, do your research before committing any money anywhere.
One major drawback of using Bitcoin as the current standard form of currency is that its value fluctuates daily. You lose out if your store accepts them today but doesn’t tomorrow when their value has dropped. Not every business owner wants this risk involved when running operations like these.
Bitcoin is an online network of money that is used to buy almost anything. It allows users to send and receive payments without transaction fees or intermediaries. It’s easy for anyone with internet access or a smartphone to use Bitcoin at their convenience.
Bitcoin is still very much an experimental form of currency. There is a possibility in the future where Bitcoin will work alongside other forms of currency. There isn’t anyone bank or government which controls them. This means no transaction fees for sending Bitcoins around the globe.
Decentralization links Bitcoins with illegal activities on account of anonymity. It is paramount to know what Bitcoins are, how they work, and whether they have potential as a future form of money. This will allow people with no bank accounts or credit cards easier access into this financial network.
This would help solve many of the problems in third-world countries with no reliable banking or financial system. In time, this can become a reality. It will be interesting to see how far its popularity goes over the next few years. Only time will tell if it can change money as we know it today.
Lesser known facts about Bitcoin
Lesser known facts about Bitcoin: Bitcoin is a term that was under wraps till 2020 and then suddenly everyone knew about it and everyone wanted to talk about it. The past 2 years have been great for Bitcoin. The kind of profits that Bitcoin has made for its investors are more than any stock or cryptocurrency have made in the short span of time they did.
Bitcoin gained popularity due to its extensive use by businesses to make payments. Bitcoin broke the trend of traditional ways to transfer money and made way for faster transactions. The use of blockchain technology allows transactions without a third party being involved in the transactions.
If you are looking to buy Bitcoin in India, then you should head to the most reliable exchange platform CoinSwitch. The easy-to-use interface for beginners and the availability of data analysis and patterns of the rise and fall of coins that experienced investors can use, make this app one of the best ones. Although a lot has already been read and said about Bitcoin, there are a few facts that are still not known to many. These may not affect the price of Bitcoin but one can’t really have too much information about the assets that are taking the world by a storm.
Let us look at a few facts that are not very popular.
- The developer of Bitcoin was not known for a very long time and it was hidden purposely. However, after many attempts, it was found that he is Japanese and is popular as Satoshi Nakamoto. There are debates about whether this information is true or not.
- The first transaction of Bitcoin is believed to be done on May 22nd, when a man paid for his pizza with 10,000 Bitcoins. According to the BTC price today, that man paid about 3158 crores for a pizza. It is said to be the most expensive food order till date.
- Satoshi is the smallest unit of Bitcoin.
- Bitcoin has been adopted by many businesses as means of payment. In India, there are a handful of businesses that accept Bitcoin as payment as well. Outside India, Bitcoin can even buy a trip to outer space.
- We have all heard of ATMs that we use to deposit or withdraw cash. However, there are hundreds of Bitcoin ATMs in the world that give you the option to buy and exchange cryptocurrencies with FIAT currency. These ATMs carry out transactions on the blockchain and send the Bitcoin to your wallet through QR codes.
- Bitcoin has attained the status of “digital gold” or “digital assets”. While it is used to carry out transactions, it can be used as a currency as well as a commodity. Miners need equipment that is sophisticated enough to handle processing the large volume of data during mining. A lot of companies are making a fortune by selling mining hardware.
- Bitcoin wallets are the safest places to store Bitcoins. Otherwise, they may be vulnerable to theft and hacking, or compromising of the exchange platform. Bitcoin wallets are extremely secure and they require authentication from you to access your wallet. If you fail to provide it, then your Bitcoins are locked in and you cannot retrieve them. There is no backup or second chance. Bitcoins worth approximately 252 million dollars have been lost till now due to people accidentally disposing of their cold storage devices or forgetting their passwords.
- The halving rate of Bitcoin is when the reward for mining is cut in half. As a trend, halving for Bitcoin occurs every 4 years. The total supply of Bitcoins is 21 million and it is said that 18 million are already mined. At this rate, the last Bitcoin is expected to be mined in 2140.
- There are a lot of people who believed in Bitcoins way before people invested heavily for profits. There are about 20,000 to 200,000 people who invested in Bitcoins early and became millionaires over time.
- Bitcoins wallets are your personal bank vaults. You have a private key and a public key that you need to carry out Bitcoin transactions. The private key corresponds to your Bitcoin wallet whereas the public key is like your account number at the bank that everyone uses to send you funds.
Bitcoin can be used as an exchange medium or as a long-term investment too. It is a trusted cryptocurrency that is being accepted in all parts of the world and will continue to rise in value. The future of cryptocurrency lies on 2 very important factors and that is demand and perception. As long as Bitcoin is in demand and is circulating as the sought-after cryptocurrency, the value shall remain high.
Bitcoin has made way for the other almost 400 cryptocurrencies in the market that started off where Bitcoin did. Bitcoin gained the confidence of people and gave them a glimpse into the future where cryptocurrency is a part of the global economy and where the applications of cryptocurrencies are the solutions to most problems of the world.
What is an open-source crypto wallet?
Crypto wallets are the backbone of any cryptocurrency system. It allows users to store, send and receive digital assets securely. The primary function of a crypto wallet is to store private and public keys and manage transactions using them.
However, not all crypto wallets are created equal — some of them aren’t even secure!
And that’s why we’re going to look at open-source crypto wallets and why you may want to consider using one.
Wallets can be hot or cold
There are two types of cryptocurrency wallets: hot and cold. A hot wallet is any wallet connected to the internet, while a cold wallet isn’t.
Hot wallets are generally more flexible, i.e., they allow you to send/receive crypto tokens from anywhere. Cryptocurrencies have become highly valued commodities over the years, making hot wallets a favorite target for cybercriminals.
Also known as hardware wallets, cold wallets store your tokens offline, which makes it much more difficult for cybercriminals to access them. Additionally, cold wallets can be physically secured to provide you with an added layer of protection.
Due to this, cold wallets are used by investors and even crypto exchanges looking to store large quantities of crypto tokens safely. However, hardware wallets lack much of the flexibility offered by hot wallets. You can visit Tezro blog to find out more about flexible wallets that are also multi-currency.
You will have to connect the wallet to a computer with an internet connection in order to send/receive crypto tokens. But the security offered by such devices makes it a good choice.
What is an open-source crypto wallet?
Open-source software allows anyone to examine, modify and redistribute it for free. That means that any flaws in the code can be found by the community and fixed quickly. It also means that any new features can be added with minimal effort, which is why open-source crypto wallets are seen as a safer option.
Open-source software makes Bitcoin wallets more secure because it’s easier to spot bugs (since anyone can look at the code). And since anyone can contribute to an open-source wallet project, they’ll likely be more secure as well—since many people are working on them all the time instead of just one company trying to keep everything under wraps.
As we all know, hackers are becoming increasingly sophisticated and are continually developing new ways to cheat unsuspecting victims. And one of the most dangerous ways they can do so is by creating fake crypto wallet apps.
These fake wallets look and feel just like any legitimate crypto wallet and can even store your cryptocurrency. The difference is that the phony wallet contains malicious code, allowing a hacker to siphon out your tokens secretly. By the time you realize that something’s wrong, it’s already too late.
This shows us the benefit of using an open-source crypto wallet. With it, you and other users can look at its source code, reducing the risk of accidentally downloading a fake crypto wallet.
Best open-source wallets
Now, let’s take a look at the best open-source wallets around in 2022:
Mycelium is one of the oldest crypto wallets around. And it stands out from the crowd thanks to its large selection of security features and advanced trading options. More importantly, it’s also an open-source wallet and is regularly audited by third parties looking for security flaws.
Electrum has a strong 10-year track record of solid security performance. As an open-source wallet, it has received more than 14,000 contributions from expert developers worldwide. It is also a non-custodial wallet that let’s users have complete control over their private keys.
MyEtherWallet is specially developed for hardcore Ethereum enthusiasts. It supports Ether and ERC-2O tokens along with non-fungible tokens (NFTs).
We hope this article has given you an understanding of an open-source crypto wallet and why it may be more secure than other types of wallets.
Remember that security and flexibility are the most important features when choosing a crypto wallet, so bear that in mind.
How to become the master of the subject of social science in class 10th?
NCERT solutions for class 10th social science or purely theoretical which is the main reason that people need to pay proper attention to technicalities in this particular case so that there is no chance of any kind of confusion element in the whole process. Students are mostly very much confused about how to elaborate and evenly write their answers in the exam so that they can score well.
So, to remain held out in the whole process it is very much advisable for people to depend upon the best-in-class NCERT solutions from the house of experts because these solutions will be containing the chapter wise answers the history, economics, political science, geography and so on in the whole process.
Solutions in this particular case will help in providing people with the opportunity of understanding how much explanation is required for any particular question and in the exams, students must go with the option of checking out the marks allocated to a particular question so that they can answer it accordingly.
If there is a question of one or a maximum of two marks then there is no such need of giving a substantial explanation to the questions but on the other hand, if the questions are in four or six marks then it is very much advisable for the kids to provide the examiner with a description in detail so that there is no chance of any kind of technical difficulties.
The NCERT solutions of class 10th social science will always help in providing people with a better idea of the answering process so that everyone will be able to improve their capabilities of presentation and answer writing without any kind of doubt.
The subject-wise classification of the NCERT class 10 social science solutions have been explained as follows:
- History: These kinds of solutions will be perfectly focusing on the chapter which requires a lot of practice. Learning history can be very much tougher for some students because of the numerous dates and events present in it. Hence, making all the important concepts and information in this particular case might not be easy which is the main reason that depending upon the NCERT solutions from the house of experts is a good idea so that people can establish a stronghold of the chapters successfully. Apart from this people will be able to find out the accurate answers to the textbook solutions without any kind of doubt.
- Geography: Ranging from all the chapters under the geography students will be able to learn a lot from these kinds of notes, especially from the perspective of the examination. The main topics discussed over here will be the resources, agricultural activities, minerals, industries and so on for the national economy will be given a great boost and everyone will be able to enjoy a clear-cut picture of these kinds of concepts.
- Political science: In the world of political science and social science students will be learning a lot of technicalities about federalism, democracy, diversity and so on so that everyone can get rid of the challenges of democracy very successfully without any kind of fact. Apart from this people will be able to deal with things very successfully and further will be able to prepare for the board exams very confidently. Students will be able to establish the ability to answer the complex questions very smoothly and further these notes are specifically designed with the motive of providing people with a clear-cut idea about the technicalities of the field so that there is no chance of any kind of queries in the whole process.
- Economics: Students are usually finding it very much difficult to cope with the subject of economics because of the theoretical aspects present in it. There will be approximately five chapters present in the economics and students will be learning a lot of technicalities about the Indian economy as a citizen of India and several other kinds of related things. So, making proper use of the NCERT notes from the house of experts like Infinity Learn is the best decision that people can make over here so that everybody will be able to perform very well in the board exams.
Apart from all the above-mentioned points, the NCERT notes are also very much capable of providing people with a clear-cut idea about the marking scheme of the social science exam so that there is no chance of any kind of issues in the whole system and everybody will be able to enjoy the expressive way of writing the answers which will ultimately allow them to score well. Hence, using the 10th social science book and NCERT notes from the house of Infinity Learn in proper combination will make students much more confident at the time of appearing in the exam so that they can score well.
Bitcoin Code – Trustworthy or not?
Cryptocurrencies have always been intriguing to speak about since they were first introduced in 2009 with Bitcoins. While it started with Bitcoin code, there are hundreds of other cryptocurrencies that anyone may buy or trade in return for products and services. Thanks to Bitcoin’s popularity, more consumers are looking to use cryptocurrencies for their online transactions each year.
Bitcoin is popular since it’s not controlled by any banking body internationally, meaning that you have 100 percent ownership of your assets. Another amazing feature about Bitcoin is that it’s one of the safest methods to do online transactions without revealing your personal information to someone else. Crypto transactions employ an advanced security program called “Blockchain,” which keeps every transaction’s details on a public server. This is an efficient security precaution against fraud and hackers.
You may obtain Bitcoins by exchanging Bitcoins or trading products and services for Bitcoins. However, another common way to earn Bitcoins is via trading. Bitcoin trading has been around for many years, and it’s an exciting and effective method to improve your profits.
When it comes to trading, the principle is simple: You buy Bitcoins using the money you have in your bank account (or other cryptocurrencies). To trade on the Bitcoin’s value, you follow a certain market’s activity and buy or sell transactions based on how the Bitcoin value has fluctuated.
Trading is difficult since it involves much research and close attention to market data. A crypto’s value tends to shift abruptly, making it challenging to bet on its price at a certain time. Thus, to minimize their potential losses, most traders choose to spend many hours each day monitoring the markets.
Trading also has the drawback of invoking strong feelings in the trader. You can feel irritated when you lose a successful deal if you don’t keep your focus and patience. Because of the reasons outlined above, many people are reluctant to get involved in Bitcoin trading.
Many developers worldwide have attempted to construct trading robots that perform the work for you in light of the rising demand for Bitcoin. This software innovation can help you save time and lower your risk. The Bitcoin Code results from years of hard effort by our team to create an app that makes your trading more efficient.
More than just an app, they wanted to build something to help traders of all ability levels improve their trading. With the Bitcoin Code, you can increase the effectiveness of your trade. First, they addressed the question of time. Once you’ve put it up, you can get back to your normal routine without having to spend a lot of time on it.
On the other hand, the Bitcoin Code may be accessed from any location. Most traders rely on computers to keep up with market data and place transactions. This isn’t the ideal solution for those who can no longer bring their laptops to new locations with them. You may use The Bitcoin Code if you have a reliable internet connection and a browser.
The Bitcoin Code can trade based on pre-determined criteria (depending on your preferences). Use these parameters to look for transactions that meet your requirements in a certain market. Automated transactions can reduce the danger of losing money if it sees an opportunity for profit.
Features of Bitcoin Code
A Bitcoin Code algorithmic trading platform claims to be lightning-fast and able to trade cryptocurrencies 24 hours a day, seven days a week. According to the platform, at least 0.01 seconds quicker than humans, it has an advantage over the market.
We can’t confirm these claims, but it’s possible that such speed would allow Bitcoin Code to detect patterns as soon as they arise and to obtain optimal pricing while making transactions.
According to Bitcoin Code, the platform’s success percentage in trading cryptocurrency is 99.4%. Our investigation of the Bitcoin Code was unable to validate this claim, so proceed at your own risk. Crypto assets are a very volatile unregulated financial product, so you should proceed at your own risk.
You may use the Bitcoin Code to buy and sell eight different types of cryptocurrency: Bitcoin, Litecoins, Ethereum, Ripple, Tether, Bitcoin Cash, and EOS. The ability to trade a wide variety of popular cryptocurrencies is critical, as it opens up additional avenues for making money on the buy and sells side. Cryptocurrencies in the Age of Bitcoin
This indicates each of these eight cryptocurrencies has a lot of trading volume. Other factors that favor stable coins are their lower volatility and price fluctuations.
With Bitcoin Code, you can practice trading without putting your own money at risk. This is a fantastic approach to evaluate if Bitcoin Code performs as well as it promises and see if it works well with your trading strategy. Using the demo mode, you may change the trading algorithm’s settings without risking your real money.
You may deposit with your bank transfer, credit card, or debit card with no fees using Bitcoin Code. You may start trading right away since credit and debit card deposits are accessible in your account immediately. This platform claims to payout within minutes after receiving a withdrawal request, and withdrawals are also fee-free.
Bitcoin Code needs a minimum payment of $250 before users may begin to use the service. Bitcoin Code will use this sum of money to begin trading on your behalf and building your account as quickly as possible.
Even if you only want to test out Bitcoin Code in demo mode, you must make a deposit to get started. Bitcoin also offers you an opportunity or the right to withdraw your deposit and terminate your account can be exercised.
Bitcoin Code advertises that it provides customer service 24 hours a day, seven days a week. However, as part of our analysis of the Bitcoin Code, we could not validate this claim. Support is only available after you have opened a new trading account and made the required minimum deposit of $100.
After Ingesting The ‘Tesla Pills’ Seven Students Were Taken To Hospital
Tesla Ecstasy Pills: How They Became The Most Popular Way To Get High
Tesla pills : Jenny*, a 20-year-old student from Los Angeles, was getting ready for Coachella earlier this summer.
She wore the obligatory adorable hat, tasselled flip flops, and two Orange Tesla ecstasy pills stashed in a hidden pocket.
She chose Teslas because she’d heard they’re powerful and make people happy, and she’d like to buy one someday.
Green WhatsApp pills and purple Tomorrowland pills were also available.
Jenny being able to get Tesla-branded ecstasy may seem strange, but those in the know will not be surprised; after all, ecstasy pill designs have a long history of imitating cultural fads.
The Pink Panther and 007 pills, both of which had the relevant emblem stamped on them, are two of the earliest ecstasy pills on record.
Molly is the club drug of preference for American ravers, hence most ecstasy users today are European.
Molly and ecstasy, on the other hand, are the same thing: ecstasy is pressed 3,4-methylenedioxy-methamphetamine (MDMA), while Molly is MDMA powder.
“[Americans] believed pills had grown so contaminated with other drugs in the 2000s that [Molly] was advertised as a purer form.
Molly is rubbish in the United States because anyone can adulterate powder,” said Joseph J.
Palamar, an assistant professor at New York University Langone Medical Center’s Department of Population Health.
Partygoers may now choose from TripAdvisor, Skype, and Netflix ecstasy pills, among other brands, in the realm of illicit substance branding.
This technological invasion is unsurprising in several ways. Silicon Valley is the new mecca, the Hollywood for the hardworking, and today’s tech gods are held up as beacons of achievement.
Instead of more traditional organisations, today’s kids aspire to work at Facebook (free meals! free holidays!) and Google (slides! free bikes! swag!) because of the high wages and employee advantages.
These new tech brands have become associated with cool and, as a result, are now associated with having a good time, which explains the rise in branded pharmaceuticals.
Mitchell Gomez, executive director of DanceSafe, a non-profit that promotes health and safety in the dance community, isn’t surprised that tech brands are popular in the drug industry
He replied via email, “The phenomenon of tablets and blotters being produced with company logos extends back many, many years.”
“It’s [likely] about marketing and recognition in the present day. People remember brand logos, so it’s a good method to capitalise on their fame while also providing a quick way to describe a certain press.”
It’s also possible that the frequent use of tech logos is due to the distributor’s aversion to retooling their pill presses.
Take, for example, Mitsubishi, one of the most popular ecstasy pills of the 1980s and 1990s.
It was all anyone could find for a while, but that doesn’t mean they were all created in the same spot.
According to Johnboy Davidson, a spokeswoman for the ecstasy pill testing database Pill Reports, “Perhaps the reason for the Mitsubishi’s extensive use was that it was a pretty easy form to create.”
“On the underground market, pill press dies are just as difficult to come by, if not more difficult, than the chemical precursors used to create the drugs.”
Let’s take a look at how some of these brands got started. According to statistics from Pill Reports, Tesla tablets first appeared in 2015 and surged in popularity the following year.
Facebook pills have been around since 2014, Snapchat since 2015, and ecstasy pills for Apple Macintosh have been circulating since the late 1990s.
Typically, these tablets, like the brand itself, have remained popular throughout the year.
However, pill poppers should avoid consuming these brands indiscriminately.
Drug safety websites have issued alerts in the last year warning users about ecstasy pills to avoid.
They issued a warning about Tesla tablets that were glow in the dark and contained nearly twice the quantity of active MDMA.
A new user may accidently overdose if they consume the entire pill rather than splitting it.
The concern is the pill’s purity in this case. Then there were the phoney pink MasterCard pills that may have had a role in the death of a 17-year-old girl last year, and the blue Snapchat pills that hospitalised some users in Australia.
I contacted Tesla, which is presently valued at roughly $48 billion, for a comment on the use of their brand, but they rejected.
But it doesn’t mean they’re pleased with the situation.
“All of this corporate IP is being stolen and appropriated on perhaps the most controversial product there is, [but] the corporations rarely do anything about it,” said Davidson, who claims that in the twenty years he’s been running Pill Reports, he’s only had a couple of takedown requests, which he ignored citing fair use and copyright laws.
Bitcoin, WhatsApp, Tesla, Heineken, and Rolex are just a few of the prominent tech brands on his site.
“One especially nefarious organisation wrote us a threatening letter demanding that we delete all logo photos and text references to their brand,” Davidson added.
He claims that removing these photographs might have disastrous consequences, with people missing out on possibly life-saving information.
“I did offer to swap the phrases ‘Baby Formula Scandal Coffee Company,’ which are completely outside of copyright but would still reveal whose brand we were discussing. Surprisingly, we didn’t hear from them again.”
Ecstasy pills aren’t the only drugs that have been branded; heroin baggies with creative designs have been popular for a while, and LSD has a long history of being printed with hallucinogenic and pop culture motifs.
“Branding has always been important,” Palamar explained, revealing that when ecstasy first became popular, people would seek out specific brands because they had positive memories with the drug.
“Over the years, tens of thousands of logos have been used,” he remarked. “
I believe it has a strong link to popular culture. It’s mostly millennials who use ecstasy, and they’re into Snapchat and popular culture.
” Palamar, on the other hand, is concerned about the potency of many of these pills, pointing out that one Netflix pill is not the same as another – EcstasyData lists one pill as having 220 mg and the other as having 270 mg.
For comparison, an average ‘safe’ dose per person is roughly 100mg.
He said, “I’m not sure how easy it is to cut these in half.” However, he suggests that, as much as Tesla and his colleagues may be concerned, their day may be coming to an end soon.
“Kids want to try new things all of the time,” he explained. “It’s [partly] because of this that new medications appear.”
Davidson agrees with Palamar’s assessment of pill acceptance. “The appeal of high-tech firms that have already spent millions on the greatest visual design available as the image they want linked with their product is a natural fit.
You might not be able to purchase a Tesla, but why not take a pill with the Tesla emblem and feel just as good?
” he suggested. He notes that many of the pill branding pictures have been replicated over time, pointing to tablets with prints of witches and nerdy faces with glasses as examples.
These were suddenly being offered as Harry Potter pills after the release of “The Boy Who Lived.”
“As if 95 percent of those books weren’t bought by adults, this led to really ridiculous stories in the media about drug dealers using these pill emblems to promote their wares to children.
However, authentic Harry Potter with lightning bolt emblems did arise before long.”
So far, my study has revealed that branded ecstasy has a long history of appeal, in part because to the aspirational companies and pop culture references.
TOP IMAGE – The… [+] first day of the Tomorrowland Electronic Music Festival was captured on July 22, 2016 at the De Schorre recreation area in Boom.
From July 22 to 24, 2016, the 12th edition of the Tomorrowland Electronic Music Festival will take place at the ‘De Schorre’ recreation area in Boom.
/ BELGA / JONAS ROOSENS / Belgium OUT / AFP PHOTO / BELGA / AFP PHOTO / BELGA / AFP PHOTO / BELGA / (Photo credit should read JONAS ROOSENS/AFP/Getty Images instead of JONAS ROOSENS/AFP/Getty Images.) )
However, I’m not sure if this is a chicken egg or an egg-chicken issue.
Is it more likely that people pick specific brands — a Tesla over a Tripadvisor pill, for example — or is it more likely that what they buy is based on supply and demand?
What’s in a Label?, a 2009 study report published in the Journal of Psychoactive Drugs, helped me comprehend this.
Pill Brands in the Eyes of Ecstasy Vendors A group of researchers interviewed eight ecstasy traffickers over the course of six months, all of whom had sold at least five tablets.
They were looking at the effects of various pill brands on the relationship.
“I was never able to recall the names. They always seemed so insignificant…
I mean, I’ve never met somebody who had a specific request or was like, “Oh, never mind.” That’s something I don’t want.” –
Lina, a 20-year-old Caucasian San Francisco ecstasy dealer*
The researchers were looking into the DEA’s accusations that ecstasy is packaged with “appealing logos in hopes of developing brand loyalty, instilling trust in the product, and eventually marketing the use of the drug as fun and harmless.”
The researchers wrote that “understanding Ecstasy branding has the power to communicate messages not only about this particular drug market and its subculture, but also about our consumer-conscious society as a whole.”
“Are Ecstasy merchants predicting that specific brand names will tap into this material culture’s ultimate goals, or are they merely products of the society, using the identifiable names with which they are surrounded?”
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