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Category: economics – Page 198

QC meets Blockchaining; nice.

CoinFac Limited, a technology company, has recently introduced the next generation quantum computing technology into cryptocurrency mining, allowing current Bitcoin and Altcoin miners to enjoy a 4,000 times speed increase.

Quantum computing is being perceived as the next generation of supercomputers capable of processing dense digital information and generating multi-sequential algorithmic solutions 100,000 times faster than conventional computers. With each quantum computing server costing at an exorbitant price tag of $5 Million — $10 Million, this revolutionary concoction comprising advanced technological servers with a new wave of currency systems, brings about the most uprising event in the cryptocurrency ecosystem.

“We envisioned cryptocurrency to be the game changer in most developed country’s economy within the next 5 years. Reliance of quantum computing technology expedite the whole process, and we will be recognized as the industry leader in bringing about this tidal change. We aren’t the only institution fathom to leverage on this technology. Other Silicon big boys are already in advance talks of a possible tie up”, said Mike Howzer, CEO of CoinFac Limited. “Through the use of quantum computing, usual bitcoin mining processes are expedited by a blazing speed of 4,000 times. We bring lucrative mining back into Bitcoin industry, all over again”.

Continue reading “CoinFac Brings Quantum Computing Technology To Cryptocurrency Mining” | >

Recognizing the importance of biofuels to energy and climate security, the U.S. Department of Energy has announced up to $90 million in project funding focused on designing, constructing and operating integrated biorefinery facilities. The production of biofuels from sustainable, non-food, domestic biomass resources is an important strategy to meet the Administration’s goals to reduce carbon emissions and our dependence on imported oil.

Project Development for Pilot and Demonstration Scale Manufacturing of Biofuels, Bioproducts, and Biopower is a funding opportunity meant to assist in the construction of bioenergy infrastructure to integrate cutting-edge pretreatment, process, and convergence technologies. Biorefineries are modeled after petroleum refineries, but use domestic biomass sources instead of crude oil, or other fossil fuels to produce biofuels, bioproducts, and biopower. They convert biomass feedstocks—the plant and algal materials used to derive fuels like ethanol, butanol, biodiesel and other hydrocarbon fuels—to another form of fuel or energy product. This funding will support efforts to improve and demonstrate processes that break down complex biomass feedstocks and convert them to gasoline, diesel and jet fuel, as well as plastics and chemicals.

“The domestic bio-industry could play an important part in the growing clean energy economy and in reducing American dependence on imported oil,” said Lynn Orr, DOE’s under secretary for science and energy. “This funding opportunity will support companies that are working to advance current technologies and help them overcome existing challenges in bioenergy so the industry can meet its full potential.”

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The question breaks down into two parts:

  1. For what public benefit? —and—
  2. No, it cannot be achieved in this way

Governments are in the business of regulating certain activities—hopefully in an effort to serve the public good. In the case of business methods and activities, their goal is to maintain an orderly marketplace; one that is fair, safe and conducive to economic growth.

But regulation that lacks a clear purpose or a reasonable detection and enforcement mechanism is folly. Such regulation risks making government seem arbitrary, punitive or ineffective.

QR Code_CRYPSA-001«— This is money. It is not a promissory note, a metaphor, an analogy or an abstract representation of money in some account. It is the money itself. Unlike your national currency, it does not require an underlying asset or redemption guarantee.

Bitcoin is remarkably resistant to effective regulation because it is a fully distributed, peer-to-peer mechanism. There is no central set of books, no bank to subpoena, and no central committee to pressure (at least not anyone who can put the genie back into the bottle). In essence, there is no choke point or accountable administrative party.

Sure—it is possible to trace some transactions and legislate against ‘mixers’ and other anonymization methods—but there is no way to prevent a transaction before it occurs or to know the current distribution of assets. Bitcoin can exist as a printed QR code and it can be transmitted from a jail cell with a blinking flashlight. Sending bitcoin from Alice to Bob has no intermediary. Settlement requires only that one of the parties eventually has access to the Internet. But, there is no credit authority or central asset verification. [continue below image]…

feral_cat_mating-02-ts

If you are thinking of legislating against the use of Bitcoin, you might as well pass laws to ban the mating of feral cats or forbid water from seeping into underground basements. These things are beyond the domain of human geopolitics. You can try to shape the environment (e.g. offer incentives to cats and water levels), but you cannot stop sex or seepage.

Fortunately, Bitcoin is not a threat to governments—not even to spending or taxation. A gross misunderstanding of economics and sociology has led some nations to be suspicious of Bitcoin, but this improper perception is abating. Governments are gradually recognizing that Bitcoin presents more of an opportunity than a threat.

I have written more extensively on this issue:

Philip Raymond is co-chair of Cryptocurrency Standards Association, MC for The Bitcoin Event in NY and board member for Lifeboat Foundation. This fall, he will teach Cryptocurrency and The Blockchain in Massachusetts.

Nice; let’s hope they hit the right target.

“I need a stealth bomber that’s going to get close, and then it’s going to drop a whole bunch of smalls – some are decoys, some are jammers, some are [intelligence, surveillance, and reconnaissance] looking for where the SAMs are. Some of them are kamikaze airplanes that are going to kamikaze into those SAMs, and they’re cheap. You have maybe 100 or 1,000 surface-to-air missiles, but we’re going to hit you with 10,000 smalls, not 10,000 MQ-9s. That’s why we want smalls.”

SAMs stands for “Surface-to-Air Missile,” and they’re one of the reasons that the Air Force has invested so much in stealth technology over the years: if a missile can’t see a plane, it can’t hit it. The problem is that the economics don’t quite work that way: it’s easier to make a new, better missile than it is to make an existing airplane even stealthier, and modern Air Force fighters serve for around 30 years each—longer if they’re bombers. Missiles are generally cheaper than airplanes, so anyone who wants to protect against aerial attack just needs to invest in a lot of missiles.

Continue reading “Air Force wants swarms of small ‘kamikaze’ drones to defeat missiles” | >

Here in the Lifeboat Blog, I have the luxury of pontificating on existential, scientific and technical topics that beg for an audience—and sometimes—a pithy opinion. Regular Lifeboat readers know that I was recently named most viewed Bitcoin writer at Quora under a Nom de Plume.

Quora is not a typical Blog. It is an educational site. Questions and numerous answers form the basis of a crowd-sourced popularity contest. Readers can direct questions to specific experts or armchair analysts. A voting algorithm leads to the emergence of some very knowledgeable answers, even among laypersons and ‘armchair’ experts.

During the past few weeks, Quora readers asked me a litany of queries about Bitcoin and the blockchain, and so I am sharing selected Q&A here at Lifeboat. This is my professional field—and so, just as with Mr. Trump, I must resist an urge to be verbose or bombastic. My answers are not the shortest, but they are compact. Some employ metaphors, but they explain complex ideas across a broad audience.

As you browse some recent Bitcoin questions below, click a question for which you know the least. (Example: Do you know what the coming ‘halving event’ is about?). Leave a comment or question. I am interested in your opinion.

Continue reading “Bitcoin Pundicy: A Lifeboat Perspective” | >

How could global economic inequality survive the onslaught of synthetic organisms, micromanufacturing devices, additive manufacturing machines, nano-factories?
(http://www.beliefnet.com/columnists/lordre/2016/04/obsessed-…L36KMDo.99)

Narrated by Harry J. Bentham, author of Catalyst: A Techno-Liberation Thesis (2013), using the introduction from that book as a taster of the audio version of the book in production. (http://www.clubof.info/2016/04/liberation-technologies-to-come.html)

Paperback: http://www.amazon.com/Catalyst-Techno-Liberation-Harry-J-Ben…atfound-20

Kindle: http://www.amazon.com/Catalyst-Techno-Liberation-Harry-J-Ben…atfound-20

Audio: coming soon!

I could tell you one scenario after another about Robots serving Robots, making robots, owning their own country, having their own military, etc. However, for me we’re still many, many decades off from this. However, we do have some situations that I have seen robots assembling other robots; however, they’re still requiring human engagement and oversight.

If that sounds like something you’re interested in.

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Excellent read and a true point about the need for some additional data laws with our ever exploding information overload world.

Laws for Mobility, IoT, Artificial Intelligence and Intelligent Process Automation

If you are the VP of Sales, it is quite likely you want and need to know up to date sales numbers, pipeline status and forecasts. If you are meeting with a prospect to close a deal, it is quite likely that having up to date business intelligence and CRM information would be useful. Likewise traveling to a remote job site to check on the progress of an engineering project is also an obvious trigger that you will need the latest project information. Developing solutions integrated with mobile applications that can anticipate your needs based upon your Code Halo data, the information that surrounds people, organizations, projects, activities and devices, and acting upon it automatically is where a large amount of productivity gains will be found in the future.

There needs to be a law, like Moore’s infamous law, that states, “The more data that is collected and analyzed, the greater the economic value it has in aggregate.” This law I believe is accurate and my colleagues at the Center for the Future of Work, wrote a book titled Code Halos that documents evidence of its truthfulness as well. I would also like to submit an additional law, “Data has a shelf-life and the economic value of data diminishes over time.” In other words, if I am negotiating a deal today, but can’t get the critical business data I need for another week, the data will not be as valuable to me then. The same is true if I am trying to optimize, in real-time, the schedules of 5,000 service techs, but don’t have up to date job status information. Receiving job status information tomorrow, does not help me optimize schedules today.

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