10/6/14

“Peace Pipe-line”

The pipes will make money for Enbridge but will affect the First Nations people

The pipes will make money for Enbridge but will affect the First Nations people negatively.

 

 

The Nak’azdli people have been living peacefully with nature for many years, however, Enbridge is planning to invade their territory. With the launch of their project, Northern Gateway, Enbridge plans to build a pipeline from Bruderheim, Alberta to Kitimat, British Columbia. The pipeline will run through the land of many First Nations people and as a result, the pipline has brought up a lot of controversy. Enbridge is faced with both political and social obstruction because the Canadian government has made a promises to the First Nations people in the past and therefore cannot allow companies to do as they please when they are on First Nation territory. Additionally, the social pressure from the First Nations communities are overwhelming enough to make Enbridge reconsider their actions. Adding on, the social pressure of First Nation supporters who go and rally and protest will cause a lot of social pressure. Enbridge is a very good example of what companies may have to deal with when they are expanding around First Nation’s land or territory.  In the case, Enbridge wanted to save money to cut costs but they probably paid more than they saved; many companies try and cut costs but end up being fined more than they stole. The First Nations people want to protect their sacred land but Enbridge wants to make more money, so in the end, Enbridge will probably push the First Nations people until they give up or are financiially unable to continue the case.

 

http://www.vancouversun.com/news/There+will+pipeline/10122968/story.html

10/1/14

A “Bit” Unexpected?

Bitcoins are becoming more and more popular as a source of currency and as a result, more Bitcoin banks are opening up.

Bitcoins are becoming more and more popular as a source of currency and as a result, more Bitcoin banks are opening up.

Bitcoins have been growing in popularity recently and may even become more mainstream than anyone could have ever predicted. A new bank for Bitcoins which will run under the name “Circle” has just opened up for business. Although there were already many Bitcoin banks that existed, Circle brings a much more competitive business model to the table. Contrary to the former Bitcoin bank “Mt Gox” which went bankrupt and caused its clients to lose their online assets in its collapse, Circle is insuring every client’s deposit which essentially erases the risk of users. Additionally, Circle is attempting to draw clients through a simple and user friendly interface which increases the probability of new technologically illiterate users joining. Circle’s use of a “focus differentiation strategy” sets it apart from the other existing Bitcoin banks through Circle’s unique insurance policies as well as the user experience. It is very likely that Bitcoin users who are currentlly with other Bitcoin banks will switch over to Circle considering Circle doesn’t charge a price that is too overwhelming in respect to the service they provide. Many successful businesses have found their success through using a focus differentiation strategy because often times clients want a service or good that is unique and is better catered to their taste.

 

http://www.theguardian.com/technology/2014/sep/29/bitcoin-circle-cryptocurrency-jeremy-allaire