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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.

1st P-band radar in space will measure the amount of biomass and carbon locked in the world’s forests and how this changes over time — Biomass satellite will provide support to United Nations treaties, notably the Reduction of Emissions due to Deforestation and Forest Degradation

Airbus Defence and Space, the world’s second largest space company has signed a contract with the European Space Agency (ESA) to build its next Earth Explorer mission, the Biomass satellite. Biomass is due to launch in 2021 and will measure forest biomass to assess terrestrial carbon stocks and fluxes for five years.

The spacecraft will carry the first space-borne P-band synthetic aperture radar to deliver exceptionally accurate maps of tropical, temperate and boreal forest biomass that are not obtainable by ground measurement techniques. The mission will collect frequent information on global forests to determine the distribution of above-ground biomass in these forests and measure annual changes. The 5-year mission will see at least eight growth cycles in the worlds’ forests.

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Don’t kill the messanger; I’m just sharing.


Yesterday Trump acknowledged the power of technology to help the USA in his future plans.

In a major foreign policy speech, yesterday, Republican presidential candidate Donald Trump said the U.S. needs to make better use of “3D printing, artificial intelligence, and cyberwarfare.”

“We need to think smarter about areas where our technological superiority – and nobody comes close – gives us an edge,” he explained. “This includes 3D printing, artificial intelligence, and cyber-warfare.”

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My new Vice Motherboard article on environmentalism and why going green isn’t enough. Only radical technology can restore the world to a pristine condition—and that requires politicians not afraid of the future:


I’m worried that conservatives like Cruz will try to stop new technologies that will change our battle in combating a degrading Earth

But there are people who can save the endangered species on the planet. And they will soon dramatically change the nature of animal protection. Those people may have little to do with wildlife, but their genetics work holds the answer to stable animal population levels in the wild. In as little as five years, we may begin stocking endangered wildlife in places where poachers have hunted animals to extinction. We’ll do this like we stock trout streams in America. Why spend resources in a losing battle to save endangered wildlife from being poached when you can spend the same amount to boost animal population levels ten-fold? Maye even 100-fold. This type of thinking is especially important in our oceans, which we’ve bloody well fished to near death.

As a US Presidential candidate who believes that all problems can be solved by science, I believe the best way to fix all of our environmental dilemmas is via technological innovation—not attempting to reverse our carbon footprint, recycle more, or go green.

As noted earlier, the obvious reason going green doesn’t work—even though I still think it’s a good disciplinary policy for humans—is the sheer impossibility of getting the developed world to stop… well, developing. You simply cannot tell an upcoming Chinese family not to drive cars. And you can’t tell a burgeoning Indian city to only use renewable resources when it’s cheaper to use fossil fuels. You also can’t tell indigenous Brazilian parents to stop poaching when their children are hungry. These people will not listen. They want what they want, and are willing to partially destroy the planet to get it—especially when they know the developed world already possesses it.

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Lookout world; could we see WWIII?


A US KC-135 refuelling plane flew with the two F-22 Raptor fighters from Britain to Romania’s Mihail Kogalniceanu air base on the Black Sea.

“The increased size of the 2016 deployment… allows U.S. Forces to assert their presence more widely across the eastern frontier”, said U.S. Air Force spokeswoman Major Sheryll Klinkel.

“We’re here today to demonstrate our capability to take the F-22 anywhere needed in North Atlantic Treaty Organisation or across Europe”, said Squadron commander Daniel Lehoski. “NATO is deploying military assets near Russian borders”, Russia’s ambassador to NATO, Alexander Grushko, told Reuters earlier this month.

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