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Archive for the ‘economics’ category: Page 158

Mar 5, 2017

Earth’s Orbiting Junkyard Threatens the Space Economy

Posted by in categories: economics, satellites

Rocket and satellite litter is endangering private space commerce. Enter the cosmic debris tracking industry.

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Mar 5, 2017

Video of Jeff Bezos describes his space plans

Posted by in categories: economics, space travel

Blue Origin’s New Shepard Team is the winner of Aviation Week’s 60th Annual Space Laureate. New Shepard is only the first step in fulfilling Blue Origin owner Jeff Bezos’ vision of using ever larger reusable rockets to send an entire economy into Earth orbit and beyond. Following the Laureate Award presentations held at Washington’s National Building Museum on March 2, Bezos talked to Aviation Week and Space Technology Editor-in-Chief Joe Anselmo and the audience at the awards dinner about the importance of expanding into the solar system.

* we need to expand into the solar system. The choice is between stasis on earth or expansion and dynamism in space.

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Mar 4, 2017

Antonopolous Clarifies Blockchain’s Profound Leap

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

I use to hate it when my dad insisted that I read something longer than 2 paragraphs. (Something related to his interests, but not to my school work, his career or our family). That’s because it shouldn’t require a 30 minute read to determine if it piques my interest, as it does his.

But I am asking Lifeboat readers to invest 37 minutes in the video linked below. Even if you give it just 5 minutes, it will provide sufficient motive for you to stick around until the end. [continue below video]

I want you view it because we are on the threshold of something bigger than many people realize. Bitcoin and the blockchain is not just a new currency or a way of distributing books among network users. We are becoming involved with a radical experiment in applied game theory that is shockingly simple, but nascent. Opportunities abound, and the individuals who recognize those opportunities or learn to exploit them will benefit themselves as they benefit the global community. Because it is so radical (and because it clashes with deeply ingrained beliefs about authority, control mechanisms, democracy and money), it seems complex and risky—but it’s really not.

Continue reading “Antonopolous Clarifies Blockchain’s Profound Leap” »

Mar 4, 2017

Transhumanist Wants to Run for California Governor Under Libertarian Banner

Posted by in categories: bioengineering, biotech/medical, economics, genetics, geopolitics, transhumanism

The Libertarian Republic covering my libertarian run for California Governor:


By Kody Fairfield

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Mar 4, 2017

A Universal Basic Income? Slow Your Roll, Silicon Valley

Posted by in categories: economics, employment

While there are different flavors of the UBI, the basic concept is that everyone just gets money for existing—this, in theory, would help keep the economy running smoothly even as people are working less.

“Sounds like a communist scheme” jokes Pethokoukis. But he explains how this is actually a very old idea that has its roots on the political right as a way to simplify the welfare state. It’s an idea that’s really taken off among the libertarian-leaning luminaries of the tech world in recent years.

“Silicon Valley has sort of latched on to this idea. They have the most aggressive timetable as far as when we will actually see all these jobs hemorrhage,” explains Pethokoukis.

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Mar 3, 2017

What Fraction of Bitcoin Value is Driven by Speculators?

Posted by in categories: bitcoin, cryptocurrencies, economics, internet

At Quora, I occasionally play, “Ask the expert”. Several hundred of my Quora answers are linked here. Today, I was asked “How much of Bitcoin’s value is driven by speculation”. This is my answer…


This is a great question! While the value of any commodity is determined by supply and demand, speculation is one component of demand. Another is the unique utility value inherent in a product or process. This is sometimes called ‘intrinsic value’.

It’s ironic that when a high fraction of value is driven by speculation, short-term value becomes volatile and long-term value becomes less certain—and less likely to produce returns for those same speculators.

Editor’s Note: In the past few weeks, a significant spike in Bitcoin’s value and trading volume relates to a pending regulatory decision expected at the end of next week. This activity is certainly driven by speculation. But for this article, I am considering periods in which the demands of individual events are less clear.

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Mar 3, 2017

Will Democracy Survive Big Data and Artificial Intelligence?

Posted by in categories: economics, information science, robotics/AI, transportation

One thing is clear: the way in which we organize the economy and society will change fundamentally. We are experiencing the largest transformation since the end of the Second World War; after the automation of production and the creation of self-driving cars the automation of society is next. With this, society is at a crossroads, which promises great opportunities, but also considerable risks. If we take the wrong decisions it could threaten our greatest historical achievements.


We are in the middle of a technological upheaval that will transform the way society is organized. We must make the right decisions now.

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Feb 25, 2017

Mechanical engineers leading effort to detect defects that reduce efficiency

Posted by in categories: climatology, economics, government, solar power, sustainability

Gets too advanced for me, but still interesting.


As the world transitions to a low-carbon energy future, near-term, large-scale deployment of solar power will be critical to mitigating climate change by midcentury. Climate scientists estimate that the world will need 10 terawatts (TW) or more of solar power by 2030—at least 50 times the level deployed today. At the MIT Photovoltaics Research Laboratory (PVLab), teams are working both to define what’s needed to get there and to help make it happen. “Our job is to figure out how to reach a minimum of 10 TW in an economically and environmentally sustainable way through technology innovation,” says Tonio Buonassisi, associate professor of mechanical engineering and lab director.

Their analyses outline a daunting challenge. First they calculated the growth rate of solar required to achieve 10 TW by 2030 and the minimum sustainable price that would elicit that growth without help from subsidies. Current technology is clearly not up to the task. “It would take between $1 trillion and $4 trillion of additional debt to just push current technology into the marketplace to do the job, and that’d be hard,” says Buonassisi. So what needs to change?

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Feb 25, 2017

Financial Leaders: Make Your Mark on the Future at Exponential Finance

Posted by in categories: bitcoin, economics, finance, information science, quantum physics, robotics/AI, singularity

From digital currency to machine learning, the financial industry is being rocked by exponential technologies. Blockchain, artificial intelligence, big data, robotics, quantum computing, crowdfunding, and computing systems are allowing startups to solve consumer needs in new ways.

The downfall of the world’s largest institutions may not be imminent, but these new technologies are breaking up the previously rock solid foundation of finance, and allowing the fintech world to spring through the cracks. What’s happening now will rewrite the future of finance for years to come. By recognizing this reality and planning for it now, financial professionals can learn to thrive in an increasingly uncertain global economy.

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Feb 24, 2017

Garmin engineer shot and killed in Kansas

Posted by in categories: biotech/medical, economics

My apologies ahead of time everyone. LifeBoat is about awareness, discovery, history, social and economics and healthcare. And, I never ever post social situations on our site; however, I must raise this as it is all about humanity, being civilized, showing empathy, and respecting each other for, our passions in tech, science, medicine, etc., and simply for being humans with empathy.

Yesterday, I saw a disgusting report on how an innocent husband and wife who are US citizens and of Pakistan descent where verbally attacked by a horrible man on a flight to Houston, TX.

And, Wednesday a fellow techie lost his life in Kansas for being of Indian descent and his features. The person who shot and killed the young man didn’t even know if the engineer was born in the USA, or immigrated here or a citizen, etc. He just killed him as he verbally attacked him.

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