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Learn Web3 in 100 Days – Day 5: What is programming

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Let’s explore why you need to learn programming through self-taught.

Table of Contents

What is Programming

What is Coding

Programming vs. Coding

Where to Start

Degree vs. BootCamp vs. Self-Taught

How to Self-Taught

Research

Design Own Curriculum

Start with Simple Coding

Start with Easy 

Build a Project 

Consistence

Extra Bonus: Learn by Playing  

Learning Web3

In Conclusion

What is Programming

Programming and coding are interchangeable nowadays. However, programming emphasizes on creation and implementation of algorithms. The world’s first programmer is Ada Lovelace and she published the first algorithm intended to describe an analytical engine that performs beyond pure calculation purposes in the 1843 article “Note G”.     

What is Coding 

Coding is nothing more than translating human language into a computer programming language. You may argue that is the same thing as programming. Well, the difference is coding can be repetitive.

Programming vs. Coding  

Programming focuses on the structure of the program and its layout while coding focuses on the skeleton and details of the computer language itself.

For example, you make a cake. Programming is the flour you use to make a cake while coding is an egg that holds the entire cake together.

Where to Start

Before you decide to program or code and throw money in the Coding Bootcamp, try to learn by yourself. There are enough resources you can learn from the internet to become a coder (not a programmer yet).  Don’t try to get certificates to prove you are learning something and you have done your learning. Try learning as a process to get used to the environment. It takes time! 

Degree vs. Bootcamp vs. Self-Taught

Degree and Bootcamp are very expensive. They are useful in some ways. The degree is focusing on a depth of fundamentals of the subject and Bootcamp is focusing on getting your skills ready within a short period of time. Both have drawbacks. You probably will only need a few courses to become a programmer. After a couple of years, you may regret spending so much money on courses that you do not use in your career. 

By obtaining a degree, you spend a long time saturating your knowledge and focusing on depth in fundamentals. However, you just try to figure out a way to learn the subject in-depth and figure out what you want to do with such a degree.

By obtaining a Bootcamp certification, you spend a short time and hope to get a foot in the door. You have to face the same situation in figuring out your learning style and finding what you can do with such certification.

The self-taught path can help you to find a way to best fit your learning style and find a career you truly want. 

How to Self-Taught

Self-taught is so under-rated these days. Everyone can buy anything online nowadays, even your skills. People actually believe they can buy quality. You cannot. Quality is what you earn from. So take your time to learn the basics of programming little by little. You need to focus on the quality of the study.   

Research

Learn how to research. It is a way to find what is the best for you to gain knowledge. A process that is frequently used during your programming process. It is a rough start to learning a new subject. But during your research, you can not only learn what programming is and how different people see programming.

Design Own Curriculum

The best way to learn is by doing. Design your own curriculum of the programming you want to learn. Start with a simple subject like what is the internet or what is computer science. Reference other schools’ curricula to get an idea about their vision and how much vision may fit your own goal. 

Start with Easy

Always start with easy and basic. The easiest programming language is HTML. Try to learn it at first by yourself.

Build a Project  

Build a program around what you learned. This way you can experience what you have learned and what you have lacked. 

Consistence

Learning is about consistency. Don’t give up. Try to learn every day if possible. And try to use what you learned every day if possible. 

Extra Bonus: Learn by Playing

Programming can be very boring. Visualizing coding can become more fun to learn. Google has developed a way to learn coding in a fun way through Blockly. The game is designed to get familiar with the coding structure and how code reacts to each other. Check out here

Learning Web3

There is nothing new about learning Web3 the way you learn programming. Once you master the skill of learning programming through self-taught, you can figure out how to learn Web3 and design your own courses. 

In Conclusion

Self-taught is a very important skill in learning programming. Spending your time figuring out a learning style is the most important but the most underrated skill.

The next topic I will go deep into is HTML.

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Crypto Research

Bitcoin is not dead yet

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Bitcoin is not dead. In fact, the value of Bitcoin has increased in the past few months, and this is because of a lot of positive attention that Bitcoin has received. Many people are still interested in using virtual currencies to store their money. However, for these people who have been long-time Bitcoin users, the demand for Bitcoin has grown as the price has increased. If this assumption is valid, most people who plan to buy bitcoin will need to have a good reason for doing so. What if this assumption is no valid?

What is a cryptocurrency?

A cryptocurrency is a digital currency that has no primary functionalities other than being able to be stored online and exchanged for various other cryptocurrencies. Some of the most popular cryptocurrencies currently are Bitcoin, Ethereum, and many others.

Why to buy Bitcoin

There are numerous reasons to buy Bitcoin, but the most important one is to diversify one’s investments. If you are mainly investing in Bitcoin and other cryptocurrencies, then you will definitely want to buy more of them in the future. However, if you are trying to diversify your investment and purchase other cryptocurrencies, then you should start with the oldest and most successful ones. Additionally, individuals who hold positions in various financial products like stocks or bonds may also want to purchase Bitcoin. This is not a recommended move, however, as volatility in the market makes it difficult to know what will happen next. But when the economy will have a long recovery time, buying Bitcoin is not a wise move since it may take even longer for Bitcoin to recover its price.

Why not to buy Bitcoin

There are a number of reasons not to buy Bitcoin when the economy is bad. One of the top reasons is because you do not know where to start. There are many online retailers that sell everything from computer hardware to electronics, but you will probably never go that route since FTX is a prime example to let loss of trust on the exchange service. Another reason not to buy Bitcoin when the economy is bad is security. The amount of money and time to spend of securing Bitcoin is considerable. It is also likely that many criminals will target people who have money stored in a self-custody wallet.

Conclusion

The demand for Bitcoin has grown over time as more people adopt the digital currency as a store of security and money if that is the case. As more people adopt the currency, the value of Bitcoin has increased. This growth is likely due to many reasons, including the fact that many people now want to use the currency as a store of security and money. Although cryptocurrency has seen rapid growth over the past few years, it does not guarantee it will grow in the future. The demand for cryptocurrency will likely decrease in the future if people realize that it does not have any primary functionalities other than being a cryptocurrency itself.

Of course, this is no financial advice.

Photo by Silvestri Matteo on Unsplash

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Crypto Research

Invest NFT is a very bad idea

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You’re probably thinking, “but why would I ever want to deal with non fungible tokens or NFTs?” Well, that’s because there are a couple of very practical reasons why you shouldn’t. Firstly, non fungible tokens are not very good for your long-term investment. Let’s take an example. You have just purchased a 5 million worth of NFTs from Coinbase. Your long-term investment is protected for the next three years — barring some catastrophic event? But even if you manage to maintain your long-term investment for the next three years, imagine what will happen once you hit five of those years! Without a doubt, these problems increase exponentially when you have a bear market — how much can you keep NFT value? It’s quite likely that you will be broke. 

What is a non fungible token?

A non fungible token is an crypto that is not from a recognized blockchain like Ethereum. After being offered for purchase, these tokens can be easily bought and sold on any exchanges you would think. However, they are extremely liquidated and hard to sell.

Proper use of tokens

When you want to buy or sell a single NFT, you can always purchase it with other cryptos. However, NFT is just a symbol of owning something that is … useless…

Fees and charges on transactions

A transaction fee is charged when you make a payment with a cryptocurrency exchange. You can choose to pay this fee in fiat cash or a payment service like Coinbase’s Wallet.com. The transaction fee is a percentage of the amount of money you have just transferred. You can pay this fee in exchange for having access to the market for that particular crypto exchange. Some exchanges will charge you a trading fee in addition to the transaction fee. This is mainly to help cover their fees. 

What happens if we try to sell NFTs?

Creators will benefit from each transaction. That is all. Unless there are exclusive perks that follow of owning NFTs, there are no much value that you want to possess them. 

Conclusion

NFTs are not as what we expected them to be.

Photo by Ashley Jurius on Unsplash

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Crypto Research

When crypto bank is a shadow bank

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If your business goes bust, what will you do? You’ll probably need a fresh start. Fortunately, that can be a lot easier than you think. But that is not easy for a shadow bank, particularly the crypto shadow bank. Let’s explore what to do when your shadow bank goes bankrupt.

What’s the profit in being insolvent?

When your business is profitable and has plenty of cash in the bank, you can either pay your debts or use the profits from your sales to repay your creditors. If you’re able to meet your debts, you can then use the profits from your sales to pay your creditors. In some cases, you can even try to access your assets to pay your creditors. However, crypto shadow bank has illiquidity assets that unlikely can exchange to cash and pay off the debt. They are likely to go bankrupt with cash on hand and forced to sell their illiquid assets later to pay off debts.

Residual income or loss?

In general, if you’re able to show that you have a profit in being insolvent, it’s a good sign that the other parties in your business have their ear. If they haven’t, they could become targets. If you can show that you have a surplus, that is money left over from one period of activity when you were profitable and unable to pay your bills, you could be able to get your debts forgiven or pay them in full. For example, if your sales this past month were $1,000 and the total amount saved was $400, your surplus could be $100. If you can’t show this, you may have to start again from scratch. Unlike crypto shadow banks, they made huge profits when the market rose but lost quickly when the market went down. When the market goes down, they are less likely to get more funds since investors lost their appetite on the crypto.

What to do if you’re insolvent and no one will pay your bills

If you can’t show that you have a profit in being insolvent, you usually have three choices. You could either pay your bills or try to get a loan to avoid bankruptcy. You may also be able to get a special interest group on your local real estate board to readize you and make any required property inventory. You can also call a mortgage broker and arrange to buy a home.

But if you are running a crypto shadow bank, you cannot sell crypto because the market goes down faster to preserve your asset price. You cannot get another loan because likely you have highly leveraged your previous loans with high risky assets.

Get a loan to avoid bankruptcy

If you can’t pay your bills, you might be able to get a loan to make repayments on your credit cards or other debts. However, this shouldn’t be your only source of cash. For example, if you have a net worth of $5 million and your debt is $1 million, you could borrow $500,000 and have it repayments in as little as a month. Again, this is a very low-risk way to make payments.

But in crypto shadow bank, that is no an option for you.

Make payments on time

If you’re able to show that you have a surplus, you can try to pay your debts in a timely fashion. For example, if your debt is $500 and you owe $100, you could pay the full amount in a few weeks, or you could wait a month and then pay the rest. This is a low-risk way to make payments.

In the crypto shadow bank business, you cannot make payments on time and will likely go bankrupt soon.

Try private loans

You can go ask private loans with high-interest payments for the short term to offset your losses. This is not an option for crypto shadow bank again, they have already possessed high risky private loans.

Conclusion

Small businesses can weather uncertainty but no crypto shadow banks, which is why many crypto lending services keep collapsing.

Photo by Martino Pietropoli on Unsplash

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