Game-changing innovations that come from an error or accident

Game-changing innovations that come from an error or accident

The Psychedelic Nature of LSD

What was learned?

LSD was first invented in Sandoz Laboratories in Switzerland by Albert Hofmann. But the discovery was not by chance but by derivatives.  Hofmann was experimenting with the territory of fungus called ergot. During his five years of studies, Hofmann tried to find a medicine for this fungal called ergot but found out the relative LSD. Once Hofmann made his discovery public to other scientists, he had the challenge of getting accepted. No one had an interest in hearing about LSD. Five years after the discovery, Hofmann once returned home and laid down; he perceived LSD.   Hofmann interrupted his studies and found a hallucinogenic effect in 143. Hofmann  then   “ ingested a small amount and perceived an extraordinary shape with the intense, kaleidoscopic play of colors.”

The lesson here is the discovery was not a chance, but the deliverables and the medicine are now among the most vital physic drugs. Moreover, Hofmann did not learn that people take the medication in the 1960s as a form of recreation  (Vaishnav, 2013).

The forces that supported it

The driving force was the chemistry laboratory he was working in Basel, Switzerland, and it was nothing intentional. Then, once he figured out the picture and shape of the LSD, he swallowed a small amount to his acidic issues.

The Dogecoin

What was learned?

Despite the alarmingly highly volatile markets of cryptocurrencies, it was recently a media sensation in 2020-2021. The coin was first developed for fun by a developer who spent quite a few hours and is currently a multi-billion worth cryptocurrency. According to developers  Billy Markus and Jackson Palmer, the coin was developed initially free of charge. In 2013, millions of wallets were hacked and changed the face of the coin as being insecurities. Following a market bubble, the cryptocurrency is now worth 6 cents a share. Both developers never thought the currency would impact the current market share of the cryptocurrency. The current market cap volume of dog coins is more than 1.148B shares.  The innovation was not that intentional, nor did the developers realize that it would be worth this price. Since the developers did not take it seriously, one of the developers left the coin in 2015 and is still working as a developer(Dogecoin,2013).

The forces that supported it

The current market for cryptocurrency, precisely the limitation of Bitcoin, makes it thinkable to think of a coin that could address the public. The second driving force for such coins is the digitalization of markets. A lack of a peer-to-peer money decentralization technique helps create Dogecoin that could send any random person money online. Moreover, Dogecoin was named as a fun and an internet currency.  Recent market hikes are due to a tweet from current innovative and vinous entrepreneur Elon Musk(CNBC,2021).

 

 

References

Dogecoin. (2021). Dogecoin. Retrieved from https://dogecoin.com/

Vaishnav (2013). 10 Accidental Inventions You Won’t Believe it. Retrieved from http://www.geniusstuff.com/blog/list/10-accidental-inventions/

CNBC.(2021). Tweets from Elon Musk and other celebrities sent Dogecoin to a record high. Rederived from  https://www.cnbc.com/2021/02/08/tweets-from-elon-musk-and-celebrities-send-dogecoin-to-a-record-high.html

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