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Archive for the ‘Mark Zuckerberg’ category

Mar 5, 2017

Bitcoin ETF Buzz Offers Short Term Opportunity

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, Mark Zuckerberg, policy

If you follow Bitcoin at all, then you know that its value is spiking. It has already surpassed a massive spike on Thanksgiving night 2013, and it has just surpassed the cost of an ounce of gold. [continue below image]

Like any commodity, the exchange value of Bitcoin is driven by supply and demand. But, unlike most commodities, including the US Dollar, the Euro or even gold, the eventual supply is capped. It is a mathematical certainty. Yet, demand is affected by many factors: Adoption as a payment instrument, early signs that it is being considered as a reserve currency, fascination by Geeks and early adopters and its use as a preferred tool by some criminals.

But chief among reasons for acquiring Bitcoin is speculation. Whether it is buy-and-hold or day trading, speculators still outnumber those who use Bitcoin to settle debts or to buy and sell other products and services. (Earlier this week, I argued that speculation is responsible for 85% of demand and of transactions—but that’s another story).

Continue reading “Bitcoin ETF Buzz Offers Short Term Opportunity” »

Apr 7, 2016

Imperial ambitions | The Economist

Posted by in categories: augmented reality, big data, business, drones, internet, Mark Zuckerberg, robotics/AI, virtual reality

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“The scale of Facebook’s ambition, and the rivalries it faces, reflect a consensus that these technologies will transform how people interact with each other, with data and with their surroundings.”

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Jul 27, 2015

Telepathy technology is coming – are you scared? — Rhodri Marsden, The Guardian

Posted by in categories: Mark Zuckerberg, neuroscience, telepathy

Mark Zuckerberg

Advances in the field of artificial intelligence are invariably greeted with concern about an imminent robot uprising. Similarly, when we hear about developments in the field of brain-to-brain communication, we imagine any number of outlandish scenarios: perhaps a government marching us unquestioningly into battle via a process of insidious mind control, or an erotic thought we had about a work colleague being unwittingly transmitted to our partner.

When Facebook’s CEO, Mark Zuckerberg, announced this week during one of his regular Q&A sessions that Facebook is working in the field of thought transmission, we found ourselves momentarily transported to a horrific telepathic future. “You’ll just be able to think of something and your friends will immediately be able to experience it too,” he said, as people thought to themselves “under no circumstances do I want anyone to know the dark, unsettling images that flash through my mind on an hourly basis”. We are troubled by that vision. But it’s only a vision. Read more