Lifeboat Foundation

Apple just announced onstage at its Worldwide Developer’s Conference that Apple Pay is getting person-to-person payments. The feature will come in iOS 11, which was announced onstage, and will be available later this year.

It’s an obvious swipe at the part of the payments market that apps like Venmo, PayPal, and Square Cash have cornered. But there’s a catch — P2P payments with Apple Pay will live inside iMessage, and it’s unclear if Apple will let users perform them outside of its messaging app. Also, the money will be transferred to something called an “Apple Pay Cash Card,” which can then be sent to your bank account. That means Apple is not only coming for the Venmos of the world, but maybe the banks themselves.

3½ years ago, I wrote a Bitcoin wallet safety primer for Naked Security, a newsletter by Sophos, the European antivirus lab. Articles are limited to just 500 hundred words, and so my primer barely conveyed a mindset—It outlined broad steps for protecting a Bitcoin wallet.

In retrospect, that article may have been a disservice to digital currency novices. For example, did you know that a mobile text message is not a good form of two-factor authentication? Relying on SMS can get your life savings wiped out. Who knew?!

With a tip of the hat to Cody Brown, here is an online wallet security narrative that beats my article by a mile. Actually, it is more of a warning than a tutorial. But, read it closely. Learn from Cody’s misfortune. Practice safe storage. If you glean anything from the article, at least do this:

• Install Google Authenticator. Require it for any online account with stored value. If someone hijacks your phone account, they cannot authenticate an exchange or wallet transaction—even with Authenticator.
• Many exchanges (like Coinbase) offer a “vault”. Sweep most of your savings into the vault instead of the daily-use wallet. This gives you time to detect a scam or intrusion and to halt withdrawals. What is a vault? In my opinion, it is better than a paper wallet! Like a bank account, it is a wallet administered by a trusted vendor, but with no internet connection and forced access delay.

Exchange and cloud users want instant response. They want to purchase things without delay and they want quick settlement of currency exchange. But online wallets come with great risk. They can be emptied in an instant. It is not as difficult to spoof your identity as you may think (Again: Read Cody’s article below!)

Continue reading “Wallet Security: Cloud/Exchange Services” »

This touch-screen card is going to replace your entire wallet.

UK billionaire investor believes rejuvenation biotechnology will be the next mega-industry.

Many of you may already know about billionaire entrepreneur Jim Mellon and his interest in rejuvenation biotechnology. But for those of you who do not, we would like to introduce you to him and his exciting work.

Continue reading “Billionaire Entrepreneur says Longevity is the Next ‘money fountain’” »

A write-up on about neural lace and the future economy: https://altleft.host/zoltan-istvan-the-economy-of-the-future…ural-lace/ #transhumanism

Zoltan Istvan, a leading Transhuman, shows us that the economic system of Technocracy needs Transhuman citizens to make it work. This is not surprising because Transhumanism and Technocracy are two sides of the same coin. ⁃ TN Editor.

The battle for the “soul” of the global economy is underway. The next few decades will likely decide whether capitalism survives or is replaced with a techno-fuelled quasi-socialism where robots do most of the jobs while humans live off government support, likely a designated guaranteed or basic income.

Continue reading “Zoltan Istvan: The Economy Of The Future Will Be Powered By Neural Lace” »

Today sees the launch of the biennial UK Space Conference, taking place at Manchester Central, from 30 May through to 1 June. This year’s conference is designed to inspire, enable and connect the UK and international space community.

The multiple plenary and parallel sessions feature informative and interactive presentations, workshops and debates covering a wide range of topics from space science through to how satellite data is being used by many industries here on Earth. The programme has been designed to provide a compelling forum to discuss the changing economic and technological landscape impacting the UK space sector.

Stuart Martin, CEO of the Satellite Applications Catapult, said: “The UK Space Conference provides an invaluable opportunity for those involved or interested in the space sector to gain up-to-date information, network with peers, establish new contacts, exchange information and improve links with government, industry, academia, customers, suppliers, and the financial community.

Continue reading “Catapult joins over 1,000 delegates at the UK Space Conference in Manchester” »

My topic was #transhumanism and life extension. I’m hoping they might invest in these fields. Former Keynote speakers of this event include Newt Gingrich, Peter Thiel, Andre Agassi, etc. I’ll share a recording of it when I get one. http://familyofficeassociation.com/

At the beginning of 2016, Bitcoin was fairly steady at $430. Richelle Ross predicted that it would finish the year at $650. She would have been right, if the year had ended in November. During 2016, Bitcoin’s US dollar exchange rose from $433 to $1000. In the past 2 months (March 24~May 20, 2017), Bitcoin has tacked on 114%, rising from $936 to $2000. _{[continue below image]…}

If this were stock in a corporation, I would recommend liquidating or cutting back on holdings. But the value of Bitcoin is not tied to the future earnings or property value of an organization. In this case, supply demand is fueled—in part—by speculation. Yes, of course. But, it is also fueled by a two-sided network built on the growing base of utilitarian adoption. And not just an adoption fad, but adoption that mirrors the shift in our very understanding of bookkeeping, trust and transparency.

Despite problems of growth, governance and regulation, Bitcoin is more clearly taking its place as the future of money. Even if it never becomes “legal tender” in any country—and is used only as a mechanism of payments and settlement, it is still woefully undervalued. $2000 is not an end-game. It is a beginning.

_{Philip Raymond co-chairs Crypsa & The Bitcoin Event. He is columnist & board member at Lifeboat Foundation,
editor at WildDuck and is delivering the keynote address at the 2017 Digital Currency Summit in Johannesburg.}

When machines control all the world’s finances and run factory floors, what will humans be left to do?

We’ll make art, says Kai-Fu Lee, a former Google and Microsoft executive who has since launched VC firm Sinovation Ventures.

“Art and beauty is very hard to replicate with AI. Given AI is more objective, analytical, data driven, maybe it’s time for some of us to switch to the humanities, liberal arts, and beauty,” Lee told Quartz editor-in-chief Kevin Delaney during a live Q&A session. “Maybe professions where it’s hard to find a job might be good to study.”

Continue reading “Your art degree might save you from automation, an AI expert says” »