In modern times, no one man has been more revered as the greatest technological scientist and visionary as Nikola Tesla. This consummate inventor of dreamlike machines, whose reach sometimes exceeded his grasp, has been so highly regarded by society as the scion of invention that whole streets, songs, companies (like Elon Musk’s futuristic electric car company), awards, measures, holidays, places, schools, and more have been named after him. He was even famously portrayed by punk rock legend David Bowie in Christopher Nolan’s 2006 film The Prestige. Of course, in that fictionalized version of Tesla, we find him inventing a trans-dimensional duplicator used by Hugh Jackman’s character for the purpose of inexplicable magic showmanship. However, in real life, Tesla was so far beyond his contemporaries such as Thomas Edison or George Westinghouse that both of them had employed Tesla in their companies at one point. In fact, it is said that Westinghouse even paid Tesla a life-long stipend of a $1000 a month long after he left the company due to his patents making Westinghouse a fortune. Nikola Tesla’s life began in Croatia (the Austrian Empire at the time) on July 10, 1856. His father was an Easter Orthodox priest and his mother was so talented in the making of craft tools and mechanical devices—along with a photographic memory—that Telsa credited her for all of his genius and gifts. Tesla had some troubled years in his youth dealing with a gambling addiction and never completing his engineering studies at Austrian Polytechnic. However, that did not stop him from making his way through Europe, devising patentable inventions, and making a name for himself in engineering circles. Eventually, he would find his way to New York City in 1884 where his advancements in Alternating Current (AC) technology, and an induction motor that was...
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October 14, 2019Today’s Digital Tech & Industry section is all about the cornerstone of our civilization: cash! That’s right. For as long as there’s been human society there has been some form of currency. For most of human history it’s been more or less little bits of embossed metal called coins. However, in the 21st Century (thank goodness) we have Digital Mobile Payments, Cryptocurrencies, and Social Media Payments to enable all of our commercial indulgences! Hard to believe that there would be more than one way to pay but there it is. When we look back at 20th Century digital payments, the only examples that come to mind are wire transfers and direct deposit. However, now those seem so quiant compared to what we have going on today. A lot of hullabaloo is made over cryptocurrencies such as Bitcoin and others (e.g. NEO, EOS, and Monero); however, in a practical sense, trying to pay for say a pair of jeans or a latte with them still seems a bit too farfetched. But for millennials and Gen‐X/Yers, it’s as simple as taking out their smartphone (or raising their smartwatch) and tapping the POS (Point of Sale) terminal using their eWallets (i.e. Apple/Google/Samsung Pay). Apple Pay, Google Pay, and Samsung Pay are all pretty much the same with only a few device‐specific differences. They all use the NFC (or Near‐Field Communication) chips inside them to enable “contactless” transactions that are funded by a person’s digital wallet (or eWallet) usually linked to a bank/credit account. Samsung Pay actually has another level of mobile payment called MST (Magnetic Secure Transaction) that enables users to use their phones just like swiping a credit card—good for older POS terminals that do not have an NFC chip reader. And this is all well and good for millions of transactions...