Blog

Archive for the ‘economics’ category

Feb 27, 2015

Blockchains as a Granular Universal Transaction System

Posted by in categories: architecture, automation, big data, bitcoin, business, computing, cryptocurrencies, disruptive technology, economics, ethics

Quoted: “Blockchains are thus an intriguing model for coordinating the full transactional load of any large-scale system, whether the whole of different forms of human activity (social systems) or any other system too like a brain. In a brain there are quadrillions of transactions that could perhaps be handled in the universal transactional system architecture of a blockchain, like with Blockchain Thinking models.”

Read the IEET brief here > http://ieet.org/index.php/IEET/more/swan20150217

Feb 27, 2015

How to Keep a Piece of the Pie After the Robots Take Our Jobs

Posted by in categories: automation, business, economics, robotics/AI

Written by Victoria Turk — Motherboard

In 2013, researchers Carl Frey and Michael Osborne of the Oxford Martin School dropped the bombshell that 47 percent of U​S jobs were at risk of computerisation. Since then, they’ve made similar predicti​ons for the UK, where they say 35 percent of jobs are at high risk.

So what will our future economy look like?

“My predictions have enormously high variance,” Osborne told me when I asked if he was optimistic. “I can imagine completely plausible, incredibly positive scenarios, but they’re only about as probable as actually quite dystopian futures that I can imagine.”
Read more

Feb 9, 2015

Bitcoin’s Unique Features Lighten Up its Ambiguous Future

Posted by in categories: bitcoin, business, computing, cryptocurrencies, economics, finance

Where will Bitcoin be a few years from now?The recently concluded Bitcoin & the Blockchain Summit in San Francisco on January 27 came up as a vivid source of both anxiety and inspiration. As speakers tackled Bitcoin’s technological limits and possible drawbacks that can be caused by impending regulations, Bitcoin advocate Andreas Antonopoulos lifted up everyone’s hope by discussing how bitcoins will eventually survive and flourish. He managed to do so with no graphics or presentations to prove his claim, just his utmost confidence and conviction that it really will no matter what.

On the currency being weak

There have been statements about Bitcoin’s technology surviving, but not the currency itself. Antonopoulos, however, argues that Bitcoin’s technology, network, and currency are interdependent with each other, which means that one element won’t work without the other. He said: “A consensus network that bases its value on the currency does not work without the currency.”

On why Bitcoin works

Continue reading “Bitcoin’s Unique Features Lighten Up its Ambiguous Future” »


Jan 30, 2015

Robber barons and silicon sultans

Posted by in categories: business, economics

The Economist

IN THE 50 years between the end of the American civil war in 1865 and the outbreak of the first world war in 1914, a group of entrepreneurs spearheaded America’s transformation from an agricultural into an industrial society, built gigantic business empires and amassed huge fortunes. In 1848 John J. Astor, a merchant trader, was America’s richest man with $20m (now $545m). By the time the United States entered the first world war, John D. Rockefeller had become its first billionaire.

In the 50 years since Data General introduced the first mini-computers in the late 1960s, a group of entrepreneurs have spearheaded the transformation of an industrial age into an information society, built gigantic business empires and acquired huge fortunes. When he died in 1992, Sam Walton, the founder of Walmart, was probably America’s richest man with $8 billion. Today Bill Gates occupies that position with $82.3 billion.

Continue reading “Robber barons and silicon sultans” »


Jan 26, 2015

Coinbase releases first licensed US Bitcoin exchange; Winklevoss twins gear up to do the same

Posted by in categories: bitcoin, cryptocurrencies, economics, futurism, innovation
Lifeboat

Armstrong and the Winklevoss twins have promising visions in securing Bitcoin exchange.

Bitcoin exchange Coinbase has brought innovation to the next level by opening the first ever licensed US Bitcoin exchange. Backed by $106 million from the New York Stock Exchange, banks, and venture-capital firms, Coinbase’s newly launched US exchange, said to be named Lunar, will provide greater security features; so as not to repeat the mistakes of Mt. Gox and Bitstamp, the former of which declared bankruptcy last year while the latter has sustained hacking attacks and is now back in the game.

Coinbase has already acquired licenses from 50% of the states in the country, which includes New York. The remaining 50% is still in the works and is necessary to complete to be able to provide full nationwide services. Also, Coinbase does not only look at expanding nationwide, it also looks at expanding worldwide in offering their Bitcoin-related services.

Of this plan, Coinbase CEO Brian Armstrong said: “Our goal is to become the world’s largest exchange”.

Continue reading “Coinbase releases first licensed US Bitcoin exchange; Winklevoss twins gear up to do the same” »


Jan 25, 2015

Bitcoin Will End the Nation State

Posted by in categories: bitcoin, disruptive technology, economics, geopolitics

Everything you’ve come to know about pensions, social welfare programs, and nationality as an ideology, will be obliterated by the implications of bitcoin.

Read the full article on Diginomics.

Jan 22, 2015

How Technology Behind Bitcoin Could Transform Accounting As We Know It

Posted by in categories: bitcoin, complex systems, computing, cryptocurrencies, disruptive technology, economics, finance, governance

Quoted: “We’re not there yet, but in less than 10 years, I believe that the technology behind bitcoin will transform the accounting profession entirely. What is this technology? The blockchain. Let me set the scene by going over a few bitcoin related concepts before explaining why I think that the accounting profession will undergo a major disruption in the coming years.”

Read the article here > http://www.techvibes.com/blog/how-technology-behind-bitcoin-.….;01-22

Jan 19, 2015

Bitcoins and Google Glass: Are They Heading For the Same Direction?

Posted by in categories: bitcoin, business, computing, cryptocurrencies, economics, engineering, entertainment, futurism, mobile phones, physics, robotics/AI, science

lifeboat-minFrom Innovation to Oblivion…

The ups and downs of Bitcoin as an internet currency may be compared to the eventual demise of Google Glass due to its lack of purpose among consumers. While it does not significantly hold true for bitcoins, which apparently have a more supportive and enthusiastic followers, the path that these two have taken and will take may be substantially similar than we like to admit.

For one, Bitcoin’s staggering price decline in the recent days left some people wondering what road it will eventually take in the near future. Is it only taking a detour or is it bound for a dead end?

In the case of Google Glass, it received much attention during its inception a few years ago. It was even named by Time magazine one of the best innovations of 2012. However, despite the ingenuity behind a supposed-to-be groundbreaking invention, Google Glass lacked a tangible sense, its purpose incoherent.

Continue reading “Bitcoins and Google Glass: Are They Heading For the Same Direction?” »


Jan 17, 2015

IBM Reveals Proof of Concept for Blockchain-Powered Internet of Things

Posted by in categories: big data, business, complex systems, computing, cryptocurrencies, disruptive technology, economics, futurism, information science, open access, open source, strategy

Quoted: “IBM has unveiled its proof of concept for ADEPT, a system developed in partnership with Samsung that uses elements of bitcoin’s underlying design to build a distributed network of devices – a decentralized Internet of Things. The ADEPT concept, or Autonomous Decentralized Peer-to-Peer Telemetry, taps blockchains to provide the backbone of the system, utilizing a mix of proof-of-work and proof-of-stake to secure transactions.”

Read the article here > http://www.coindesk.com/ibm-reveals-proof-concept-blockchain.….et-things/

Jan 9, 2015

Internet of Coins Releases Whitepaper For Infrastructure To Connect Entire Bitcoin And Cryptocurrency Ecosystem

Posted by in categories: complex systems, computing, cryptocurrencies, disruptive technology, economics, finance, internet

Quote: ” Internet of Coins strives to create a decentralized, self-sustaining economy by implementing intersystemic connectivity sustained by a hybrid P2P meta-network. The system will help to leverage each of its participant’s strength in numbers hence supporting both the stability of alt coins and the cryptocurrency community as a whole. Internet of Coins had an official Whitepaper launch party on the 3rd of January at the Bitcoin Embassy Amsterdam. The Whitepaper is available for download on http://internetofcoins.org. Internet of Coins has partnered-up with security oriented cryptoexchange and service provider Bitalo since November of last year for continuous development and funding of the project. The open source system will soon be released for non-commercial purposes and be easily accessible to the public; supporting continuous decentralization and empowering the cryptocurrency ecosystem to evolve.”

Read the article here > http://www.baystreet.ca/viewarticle.aspx?id=424703

Page 1 of 2212345678Last