Bitcoin: Currency of the Future or Investment Property

We live in a digital age where almost every aspect of our lives is based on computerized information. In 2009, currency became digital in the form of Bitcoin. The existence of Bitcoin has brought a variety of obstacles to government agencies and regulators. Specifically, the Internal Revenue Service (IRS) has been debating the treatment of virtual currencies such as Bitcoin for tax reporting purposes. In March 2014, the IRS issued a notice classifying Bitcoin and other convertible virtual currencies as investment property, similar to stocks and bonds. The notice from the IRS provoked outrage from the Bitcoin community. This project analyzes the current tax rules for investment property as well as the rules for foreign currency to determine whether or not the IRS decision will stand if appealed. Additionally, this project focuses on the mysterious and complex nature of Bitcoin to better understand what Bitcoin is and how the IRS arrived at their position

Influence of blade aerodynamic model on prediction of helicopter rotor aeroacoustic signatures

Brown’s vorticity transport model has been used to investigate how the local blade aerodynamic model influences the quality of the prediction of the high-frequency airloads associated with blade–vortex interactions, and thus the accuracy with which the acoustic signature of a helicopter rotor can be predicted. The vorticity transport model can accurately resolve the structure of the wake of the rotor and allows significant flexibility in the way that the blade loading can be represented. The Second Higher-Harmonic Control Aeroacoustics Rotor Test was initiated to provide experimental insight into the acoustic signature of a rotor in cases of strong blade–vortex interaction. Predictions of two models for the local blade aerodynamics are compared with the test data. A marked improvement in accuracy of the predicted high-frequency airloads and acoustic signature is obtained when a lifting-chord model for the blade aerodynamics is used instead of a lifting-line-type approach. Errors in the amplitude and phase of the acoustic peaks are reduced, and the quality of the prediction is affected to a lesser extent by the computational resolution of the wake, with the lifting-chord model producing the best representation of the distribution of sound pressure below the rotor

The Mantle Transition Zone beneath the Afar Depression and Adjacent Regions: Implications for Mantle Plumes and Hydration

The Afar Depression and its adjacent areas are underlain by an upper mantle marked by some of the world\u27s largest negative velocity anomalies, which are frequently attributed to the thermal influences of a lower-mantle plume. In spite of numerous studies, however, the existence of a plume beneath the area remains enigmatic, partially due to inadequate quantities of broad-band seismic data and the limited vertical resolution at the mantle transition zone (MTZ) depth of the techniques employed by previous investigations. In this study, we use an unprecedented quantity (over 14 500) of P-to-S receiver functions (RFs) recorded by 139 stations from 12 networks to image the 410 and 660 km discontinuities and map the spatial variation of the thickness of the MTZ. Non-linear stacking of the RFs under a 1-D velocity model shows robust P-to-S conversions from both discontinuities, and their apparent depths indicate the presence of an upper-mantle low-velocity zone beneath the entire study area. The Afar Depression and the northern Main Ethiopian Rift are characterized by an apparent 40- 60 km depression of both MTZ discontinuities and a normal MTZ thickness. The simplest and most probable interpretation of these observations is that the apparent depressions are solely caused by velocity perturbations in the upper mantle and not by deeper processes causing temperature or hydration anomalies within the MTZ. Thickening of the MTZ on the order of 15 km beneath the southern Arabian Plate, southern Red Sea and western Gulf of Aden, which comprise the southward extension of the Afro-Arabian Dome, could reflect long-term hydration of the MTZ. A 20 km thinning of the MTZ beneath the western Ethiopian Plateau is observed and interpreted as evidence for a possible mantle plume stem originating from the lower mantle

Influence of blade aerodynamic model on the prediction of helicopter high-frequency airloads

Brown’s vorticity transport model has been used to investigate the influence of the blade aerodynamic model on the accuracy with which the high-frequency airloads associated with helicopter blade–vortex interactions can be predicted. The model yields an accurate representation of the wake structure yet allows significant flexibility in the way that the blade loading can be represented. A simple lifting-line model and a somewhat more sophisticated liftingchord model, based on unsteady thin aerofoil theory, are compared. A marked improvement in the accuracy of the predicted high-frequency airloads of the higher harmonic control aeroacoustic rotor is obtained when the liftingchord model is used instead of the lifting-line approach, and the quality of the prediction is affected less by the computational resolution of the wake. The lifting-line model overpredicts the amplitude of the lift response to blade–vortex interactions as the computational grid is refined, exposing the fundamental deficiencies in this approach when modeling the aerodynamic response of the blade to interactions with vortices that are much smaller than its chord. The airloads that are predicted using the lifting-chord model are relatively insensitive to the resolution of the computation, and there are fundamental reasons to believe that properly converged numerical solutions may be attainable using this approach

Multiplexed dispersive readout of superconducting phase qubits

We introduce a frequency-multiplexed readout scheme for superconducting phase qubits. Using a quantum circuit with four phase qubits, we couple each qubit to a separate lumped-element superconducting readout resonator, with the readout resonators connected in parallel to a single measurement line. The readout resonators and control electronics are designed so that all four qubits can be read out simultaneously using frequency multiplexing on the one measurement line. This technology provides a highly efficient and compact means for reading out multiple qubits, a significant advantage for scaling up to larger numbers of qubits.Comment: 4 pages, 4 figure

Planar Superconducting Resonators with Internal Quality Factors above One Million

We describe the fabrication and measurement of microwave coplanar waveguide resonators with internal quality factors above 10 million at high microwave powers and over 1 million at low powers, with the best low power results approaching 2 million, corresponding to ~1 photon in the resonator. These quality factors are achieved by controllably producing very smooth and clean interfaces between the resonators' aluminum metallization and the underlying single crystal sapphire substrate. Additionally, we describe a method for analyzing the resonator microwave response, with which we can directly determine the internal quality factor and frequency of a resonator embedded in an imperfect measurement circuit.Comment: 4 pages, 3 figures, 1 tabl