Home' Trinidad and Tobago Guardian : December 10th 2015 Contents A22
Guardian www.guardian.co.tt Thursday, December 10, 2015
WISHES TO ANNOUNCE
Tender for Security Services at Tamana InTech Park, Waller eld
Evolving TecKnologies and Enterprise Development Company Limited (e TecK) hereby invites the
submission of Tenders from eligible bidders for the Security Services at Tamana InTech Park, Waller eld.
The delivery period will be One (1) Year.
Bidding will be conducted through the Two Envelope Competitive Bidding process in accordance with
e TecK's procurement guidelines, and is open to all suitably quali ed bidders.
Interested eligible bidders may obtain further information from and inspect the prequali cation and
tender documents at the o ce of The Secretary, Tenders Committee at the following address:
Evolving TecKnologies and Enterprise Development Company Limited (e TecK)
9-15 e TecK Blvd., Tamana InTech Park
from 8:00 a.m. to 4:00 p.m. on weekdays, but no later than Thursday 17th December, 2015, at 10:00 a.m.
A complete set of bidding documents may be purchased by interested bidders upon payment of a non-
refundable fee of One Thousand Dollars (TTD1,000.00). The method of payment will be cash or certi ed
cheque. Only bidders who have purchased the bid documents will be eligible to submit tenders.
A mandatory site visit has been scheduled for Thursday 17th December, 2015 at 10:00 a.m. at Lobby
Entrance, Flagship Building, 9-15 e TecK Blvd., Tamana InTech Park, Waller eld. Failure to attend the site visit
will render the prospective bidder ineligible to submit a Tender.
Tenders must be deposited into the marked Tender Box at the address above by Tuesday 29th December,
2015 at 2:00 p.m. and opened thereafter. Late Tenders will be rejected. All bids must be accompanied
by a bid security of Fifty Thousand Dollars (TTD50,000.00) or an equivalent amount in a freely convertible
The Site of the Works is Tamana InTech Park, Waller eld.
Tenders must be submitted strictly in accordance with the Tender Documents. e TecK does not bind itself to
accept the lowest or any Tender and reserves the right to negotiate price with any Tenderer.
Evolving TecKnologies and Enterprise Development Company Ltd (e TecK)
Flagship Building, 9-15 e TecK Blvd., Tamana InTech Park, Waller eld
NEW YORK---Australian police raided a home
Wednesday that, according to technology Web
sites, belongs to the founder of the virtual cur-
Here s an explanation of what bitcoins are, how
Q: What s a bitcoin?
A: Bitcoin is an online currency that allows
people to make one-to-one transactions, buy goods
and services and exchange money across borders
without involving banks, credit card issuers or
other third parties. As a result, this exotic new
form of money has become popular with libertarians
as well as tech enthusiasts, speculators---and crim-
inals. Bitcoins are basically lines of computer code
that are digitally signed each time they travel from
one owner to the next.
Q: Who s behind the currency?
A: It s a mystery. Bitcoin was launched in 2009
by a person or group of people operating under
the name Satoshi Nakamoto and then adopted by
a small clutch of enthusiasts.
Nakamoto dropped off the map as bitcoin began
to attract widespread attention, but proponents
say that doesn t matter; the currency obeys its
own, internal logic.
Q: What s a bitcoin worth?
A: Like any other currency, bitcoins are only
worth as much as you and your counterpart want
them to be. In its early days, boosters swapped
bitcoins back and forth for minor favors or just as
a game. One website even gave them away for free.
As the market matured, the value of each bitcoin
grew. At its height last year, a single bitcoin was
valued at US$1,200. Yesterday, it was worth
Q: Is the currency widely used?
A: That s debatable. Businesses ranging from
blogging platform Wordpress to retailer Overstock
have jumped on the bitcoin bandwagon
amid a flurry of media coverage, but it s
not clear whether the currency has really
taken off. On the one hand, leading bitcoin
payment processor BitPay works with
more than 20,000 businesses---roughly
five times more than it did last year. On
the other, the total number of bitcoin
transactions has stayed roughly constant
at between 60,000 and 70,000 per day
over the same period, according to bitcoin
wallet site blockchain.info.
Q: Is bitcoin particularly vulnerable to
A: The bitcoin network works by har-
nessing individuals greed for the collective
good. A network of tech-savvy users called
miners keep the system honest by pouring
their computing power into a blockchain,
a global running tally of every bitcoin
The blockchain prevents rogues from
spending the same bitcoin twice, and the
miners are rewarded for their efforts by
being gifted with the occasional bitcoin.
As long as miners keep the blockchain
secure, counterfeiting shouldn t be an
Q: If that s the case, what s all this talk
A: A lot of the mischief surrounding
bitcoin occurs at the places where people
store their digital cash or exchange it for
traditional currencies, like dollars or euros.
If an exchange has sloppy security, or if
a person s electronic wallet is compro-
mised, then the money can easily be stolen.
Q: So why is bitcoin in the news again?
A: Technology publications Wired and
Gizmodo published reports this week
claiming an Australian businessman is
bitcoin s likely inventor. The Australian
Federal Police said the search Wednesday
was related to a tax investigation and not
recent media reports on bitcoin. (AP)
Australian police raid home of suspected bitcoin founder
Continued from Page A19
Annisette also questioned statements from the
Central Bank that the country is in a full-blown
"I do not agree with the Central Bank Governor
that the country is in a full recession. It is more
than just two quarters of no economic growth in
determining if a country is in recession. You see
some companies are declaring million-dollar prof-
its. Is this the sign of a country in recession?"
He said the Government and employers needed
to "revisit" the way they were dealing with the
economic challenges of the country.
He also said that all groups must be taken into
consideration without the Government favouring
one trade union federation over others.
"There must be dialogue with employer groups,
the business chambers, all the trade unions, youth
groups and all other stakeholders in the economy,"
must revisit ways of
dealing with crisis
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