Toggle light / dark theme

The Economist

IN 1930, when the world was “suffering…from a bad attack of economic pessimism”, John Maynard Keynes wrote a broadly optimistic essay, “Economic Possibilities for our Grandchildren”. It imagined a middle way between revolution and stagnation that would leave the said grandchildren a great deal richer than their grandparents. But the path was not without dangers.

One of the worries Keynes admitted was a “new disease”: “technological unemployment…due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.” His readers might not have heard of the problem, he suggested—but they were certain to hear a lot more about it in the years to come.

Read more


Behind this week’s coverJoel Flickinger’s two-bedroom home in the hills above Oakland, Calif., hums with custom-built computing gear. Just inside the front door, in a room anyone else might use as a den, he’s placed a desk next to a fireplace that supports a massive monitor, with cables snaking right and left toward two computers, each about the size of a case of beer. Flickinger has spent more than $20,000 on these rigs and on a slower model that runs from the basement. They operate continuously, cranking out enough heat to warm the house and racking up $400 a month in electric bills. There isn’t much by way of décor, other than handwritten inspirational Post-it notes:

“I make money easily,” one reads. “Money flows to me.” “I am a money magnet.”

Flickinger, 37, a software engineer and IT consultant by trade, doesn’t leave the house much these days. He’s a full-time Bitcoin miner.

Read more

Overmanagement by Mr. Andres Agostini

NATGEO   NASA
This is an excerpt from the conclusion section o, “…Overmanagement…,” that discusses some management strategies. To read the entire piece, just click the link at the end of article:

BEGINNING OF EXCERPT.

Question: What other contemporary issues particularly concern you? Do you find signs of
hope or resistance around these issues that, perhaps, you finding heartening?

Well, we can make a long list, including the things we’ve talked about, but it’s also worth
remembering that, hovering over the things we discussed, are two major problems. These
are issues that seriously threaten the possibility of decent human survival. One of them is
the growing threat of environmental catastrophe, which we are racing towards as if we
were determined to fall off a precipice, and the other is the threat of nuclear war, which
has not declined, in fact it’s very serious and in many respects is growing. The second one
we know, at least in principle, how to deal with it. There is a way of significantly reducing
that threat; the methods are not being pursued but we know what they are. In the case of
environmental catastrophe it’s not so clear that there will even be a way to control of
maybe reverse it. Maybe. But, the longer we wait, the more we defer taking measures, the
worse it’s going to be.

It’s quite striking to see that those in the lead of trying to do something about this
catastrophe are what we call “primitive” societies. The first nations in Canada, indigenous
societies in central America, aboriginals in Australia. They’ve been on the forefront of
trying to prevent the disaster that we’re rushing towards. It’s beyond irony that the richest
most powerful countries in the world are racing towards disaster while the so-called
primitive societies are the ones in the forefront of trying to avert it.

END OF EXCERPT.

Please see the full article at http://lnkd.in/bYP2nDC

by J.M.P. — The Economist

A GROUP of self-described anarchists, libertarians and Ron Paul supporters fleeing the crumbling world economic system have founded Galt’s Gulch, a community in Chile inspired by Ayn Rand’s “Atlas Shrugged”—and with an economy based entirely on Bitcoin. Or that’s the goal, anyway.

“Our farm workers and suppliers still want to get paid in pesos,” Ken Johnson, the project’s founder and managing partner, explains. “But Bitcoin as the John Galt coin? Why shouldn’t it be?”

If the world economic system “goes sideways,” as Mr Johnson puts it, residents will retreat to their self-sufficient gated community, where they will enjoy a shooting range, equestrian facilities, and spa and fitness center. The 6,874-hectare site (pictured) also includes a 100-hectare farm, although it is not clear who will pick the lettuce when the world ends.

Read more

By Lance Dixon [email protected]

The U.S. Senate has deemed it legitimate. Detractors dismiss it as unstable and a vehicle for criminal trade. China has  A twenty-five bitcoin token. The digital currency, which carries the unofficial ticker symbol of BTC, was unveiled in 2009 by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Supply is capped at 21 million Bitcoins and managed by a software algorithm embedded into the digital currency’s design, rather than a monetary authority such as a central bank. banned new deposits on its largest exchange.

Bitcoin, the international digital payment system and currency and one of the hottest technology and finance topics this past year, could become a widespread vehicle for trade, believe the leaders of a Miami group. To further that view, Miami International Bitcoin will be partcipating in the North American Bitcoin Conference slated for Miami Beach in January.

“The thing that’s really exciting about Bitcoin is that, here in South Florida, we have a half billion people to the south of us who do not have access to a banking system that works well, capital markets, credit — things that we take for granted,” said Charles Evans, business professor at Florida Atlantic University and one of the founders of Miami International Bitcoin.

Read more

for Tech in Asia

Bitcoin

The Monetary Authority of Singapore (MAS), the country’s central bank, has decided not to intervene on whether businesses can accept Bitcoin as a means of transacting goods and services.

“Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,” it told Singapore-based Bitcoin trading platform Coin Republic in an email.

Read more

Ernst & Young LLP is predicting a rise in demand for certain types of insurance, such as cyber and nanotechnology.

The consulting firm announced Tuesday the release of the EY 2014 US Property-Casualty Insurance Outlook, which recommends that P&C carriers “invest in innovation of product development processes and delivery to meet rising demand for protection.”

For example, according to the report, a lack of “any meaningful history” with nanotechnology indicates that potential risks are not easy to assess.

“The emerging applications of nanotechnology in the manufacture or use of medicine, cosmetics, drug delivery, robotics, materials science and other products and systems create potential liability exposures,” EY noted. “Examples include bodily injury (analogous to asbestos exposure) and environmental damage from nanoparticles escaping uncontrolled into the air or water supply.”

Read more

by Jeremiah Budin

Bitcoin is a somewhat mysterious, fairly confusing type of digital currency that, until recently, you could use to buy large amount of drugs on the internet. But now you can use Bitcoin for something (arguably) even better than drugs: New York City real estate. A tipster recently sent along a listing for a $2,580/month one-bedroom sublet in 99 John Deco Lofts, accepting Bitcoin, which hit the market last month. And today, online apartment search marketplace RentHop announced in a press release that it will be accepting Bitcoin from people advertising NYC apartments on its site.

Read more

Transleadership! By Mr. Andres Agostini

TRANSLEADERSHIP
This is an excerpt from the conclusion section of, “…Transleadership!…” that discusses some management, leadership and futurism theories and practices and strategies.

To read the entire piece, just click the link at the end of article:

EXCERPT. Ensuing:

(…SUMMATION OF WHAT A TRANSLEADERSHIP LEADER DOES AND IS …)

# 1 – Is An Actionable Statesman.

# 2 – Thoroughly moral and ethical in deed and spontaneously projected example.

# 3 – Happily located and navigating through Century 21.

# 4 – By far, focused on solid and increasing education and perpetual mind expansion, chiefly those acquired by solving truly complex problems systematically.

# 5 – Self-Pedagogue forever. Teaches to self-tech to his / her crew for Life.

# 6 – Leads, Co-Leads, Follows, Co-Follows, Executes, Co-Executes, Builds, Co-Builds, Envisions, Co-Envisions, Paves and Co-Paves Never-Thought-Of Pathways.

# 7 – Intuitive, Counterintuitive, and seamlessly blends both of the above.

# 8 – Takes all – encompassing curiosity as it is operated in real time – beyond known and unknown extremes.

# 9 – Makes every mistake – own or that of the competitor – into his / her won victory.

# 10 – Doesn’t care how fluid and amorphous the limits, contexts and the dynamics of his / her blurred theater of operations are.

# 11 – Can strategize and prevail through many operational frameworks at once without getting bewildered.

# 12 – Challenges every assumption, doctrine and dogma ruthlessly and relentlessly, beginning with his / her own ones.

# 13 – Learns something practical, meaningful, and decisively productive every day.

# 14 – Heightens crew’s sense of urgency and of focus.

# 15 – Re-adapts and re-invents resiliently and effortlessly regardless of whatever constraints and increasing pressures stemming from the frame of reference.

# 16 – Operates multidimensionally and cross-functionally.

# 17 – Constantly and boldly sets pre-conditions to maximize the likelihood of his / her triumphs.

# 18 – Always selects and develops his / her leadership constituency.

# 19 – Creates and applies his / her own – along with that of the team – body of knowledge.

# 20 – Does never ever institute “best practices,” but UNIQUE, premium-graded approaches.

# 21 – Carries on much swifter that “life cycles” intrinsic to products, services, challenges, and complex problem solving.

# 22 – Does not get concerned about his / her adversaries since the uniqueness and ever-upgrading quality of tactics, strategies and stratagems as applied.

# 23 – Harmonizes issues immediately.

# 24 – His / her leadership is always (and robustly so) linked to concrete and unambiguous objective and goals.

# 25 – Always updates his methods, approaches, techniques, tactics, strategies, especially using those that are extraneous to so-called and already disrupted “history.” (Which one, that wrote by winners or that stated by losers or that always failing to have sufficient objectivity?)

# 26 – Continuously learns lessons – and improves those – both from incurred mistakes and from captured successes.

# 27 – Extracts information and knowledge – to be shared and brainstormed with the crew – out of everything done, thought, as well as to be executed regardless of the incumbent.

# 28 – Wins only based on merit, principle, legitimacy and lawfulness.

# 29 – Strategizes the granularity of detail of everything. There is no such a thing as a leader that is not a strategist and visionary.

# 30 – Embraces leading-edge (even weird) science and its stemming technological derivatives immediately.

# 31 – Enjoys phenomena and prevails as he / she navigates through said phenomena.

# 32 – Is never commonsensical and always challenging long-held assumptions as he / she institutes the most unorthodox and exuberant novel practices (lavishly so).

# 33 – De-tools, tools, re-tools the amplification of the individual and collective intelligence within his / her crew.

# 34 – Instills how to operate autonomously and jointly – in pursuit of the same goals and objectives – to his / her followers and co-leaders.

# 35 – Learns from his / her mistakes, but empathizes to learn also from the mistakes of others.

# 36 – Fluidly shares experience and practical knowledge across every incumbent in the crew.

# 37 – Only thinks and performs a la unthinkable thinking.

# 38 – Disrupt the boundaries of unthinkable thinking, always going beyond such boundaries.

# 39 – Transforms new problems and old problems into actionable breakthrough opportunities.

# 40 – In his / her case and exercising this type of leadership, strongly and coherently insists on and applies three aspects: CIVILITY, CIVILITY, CIVILITY!

# 41 – Before chaos, he / she instills more and more chaos – of greater magnitude, scale and speed – to level off and outsmart the frame of reference targeted.

# 42 – Drives OPS with directness and / or indirectness, as well as with the loose/control hybridization mode.

# 43 – Shares of defined values

# 44 – Elicits conceptions of practiced futures to deal with and countermeasure way in advance.

# 45 – Fuses technology innovation with business strategy as a tool for competitive advantage.

# 46 – Conceives early and distinguishes it and exploits it strategic surprises attributable to competitors.

# 47 – Ascertains that there is not a single stone left unturned.

END OF EXCERPT.

Please see the entire presentation at http://lnkd.in/dP2PmCP

Vegas home selling in bitcoin: Great room

By Associated Press

The former owner of a Las Vegas casino says he’s willing to accept the online currency bitcoin in the $7.85 million sale of his home.

LAS VEGAS — A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he’s willing to accept the online currency bitcoin for the deal.

Jack Sommer said he got the idea to seek bitcoin for his 25,000-square-foot mansion from two of his sons, who’ve been involved in making and trading the currency.

“The advantage is that we’re expanding our market and adding some notoriety,” Sommer said.

Read more