Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

#currencies #years #development

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There are various opinions on whether internet

currencies

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have a positive effect or not in modern society. In

this

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essay, I will illustrate the reason online

money

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is popular recently and give my opinion on why

this

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is a negative development. On the one hand, some

people

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say that internet

currencies

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are common and popular because it is free from time and place.

First,

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It is faster than traditional

money

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for trade because

money

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can be transferred by Internet directly and in real-time. Take the supermarket purchase

for example

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People

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can transfer the expense right after buying goods,

while

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people

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who are likely to pay in cash have to calculate

money

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and check it correctly which takes a lot of time.

Second,

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people

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can use online

currencies

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in any place because those can be used even by smartphones in

people

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's hands.

For instance

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, if I have to transfer

money

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to my wife on the bus, I am able to send it directly through my mobile phone,

while

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people

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who are the only cash users have to visit their homes.

On the other hand

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, I insist that it has many disadvantages because it is widely open to a number of frauds and it

also

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damages even teenagers.

First,

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people

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can easily lose their

money

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because most of them are not guaranteed by authorities.

For example

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, one Korean famous bit-coin operator escaped from countries recently

since

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because

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he cheated a lot of

people

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and

Correct pronoun usage

apply

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made plenty of victims.

Second,

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young boys can not control expenses because it is virtual

money

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For example

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, one high-school student can purchase some products with virtual

money

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which can be transferred by a parent's credit card next month and it causes serious problems later. In conclusion, the occurrence of virtual

money

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is negative because it can not protect against many expected frauds and

damage

Correct subject-verb agreement

damages

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young children as well. In

this

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regard, I strongly believe that,

although

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online

currencies

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are common in modern society, they are not beneficial at all.

Submitted by ㅎ on Fri Apr 21 2023

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Task Response

In the Introduction, it is important to clearly state your position on the topic and provide a brief outline of the points you will be discussing in the body paragraphs. Also, make sure to provide a conclusion that summarizes your opinion and main points.

Coherence and Cohesion

The essay lacks clear organization and coherence. The flow of ideas is unclear, and the essay would benefit from better use of linking words and cohesive devices to connect ideas and improve the overall structure.

9
Linking words
meeting the goal of 7 or more
3
Word repetition
meeting the goal of 3 or fewer
3
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 4.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 6.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

332 words

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Topic Vocabulary:

Digital wallet
Decentralization
Cryptocurrency
Blockchain
E-commerce
Fiat currency
Financial inclusion
Cross-border transactions
Volatility
Smart contracts
Decentralized Finance (DeFi)
Mining
Energy consumption
Pseudo-anonymous
Regulatory challenges
Financial privacy

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Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

Do you think that ageing society will disapear? what are the advantages and disadvantages of having more old people in society?

Some people think that robots are very important for human’s future development. Others, however, think that robots are a dangerous invention that could have negative effect on society. Discuss both views and give your opinion.

Many people feel it is a waste of money to try to save endangered animal species, for example the tiger or the blue whale. To what extent do you agree or disagree with this statement? Give reasons for your answer and include any relevant examples from your own knowledge and experience.