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Category: government – Page 171

Whether it’s left there or right here… the tactics and destination look pretty much the same to me…

China is the world leader in facial recognition technology. Discover how the country is using it to develop a vast hyper-surveillance system able to monitor and target its ethnic minorities, including the Muslim Uighur population.

Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy

Improving lives, increasing connectivity across the world, that’s the great promise offered by data-driven technology — but in China it also promises greater state control and abuse of power.

This is the next groundbreaking development in data-driven technology, facial recognition. And in China you can already withdraw cash, check in at airports, and pay for goods using just your face. The country is the world’s leader in the use of this emerging technology, and China’s many artificial intelligence startups are determined to keep it that way in the future.

Continue reading “China: facial recognition and state control | The Economist” | >

WASHINGTON (AP) — Government scientists have classified 18 U.S. volcanoes as “very high threat” because of what’s been happening inside them and how close they are to people.

The U.S. Geological Survey has updated its volcano threat assessments for the first time since 2005. The danger list is topped by Hawaii’s Kilauea, which has been erupting this year. The others in the top five are Mount St. Helens and Mount Rainier in Washington, Alaska’s Redoubt Volcano and California’s Mount Shasta.

“This report may come as a surprise to many, but not to volcanologists,” said Concord University volcano expert Janine Krippner. “The USA is one of the most active countries in the world when it comes to volcanic activity,” she said, noting there have been 120 eruptions in U.S. volcanoes since 1980.

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Maria Bustillos is founder of the blockchain supported publication, Popula. I stole the title of this post from her essay at Medium.com (linked below).* I hope that Maria considers it a tribute rather than title-plagiarism. Her article is blocked by a pay wall, so allow me to explain a concept that confounds even a Nobel Prize winning economist. My take on the issue is somewhat different than Ms. Bustillos.

The difficulty understanding or appreciating Bitcoin boils down to a misconception that the dollar is backed by something more tangible, such as gold, guns or the promise of redemption. Not only is this an illusion, but Bitcoin is backed by something far more tangible, intrinsic and durable.

The illusion that “real” value emanates from government coupled with a robust consumer economy has been woven into our DNA for millennia. But, the value we attribute to a Dollar, Euro, or Yuan is a result of conditioning rather than any intrinsic value. That same conditioning has led us to believe that there is something sane and inherent in a nation that controls its money supply and its monetary policy.

Most public works projects—power generation, space ships, or the telephone network—were controlled by government in the past. If not, they were regulated as a licensed monopoly. This creates a choke point, a lack of competition, and a gaping opportunity for inefficiency, mismanagement or graft. It defies a free market economy and it concentrates power in the hands of politicians. But, at one time, it seemed necessary.

You might assume that government controlled these industries because they relate to areas of critical infrastructure and public welfare. That’s part of it, but it’s not the real reason. In each sector, a distributed or free market solution was prevented due to technology limitations or issues of scaling and geography.

Government issued money exists because in the past, we had no mechanism to arrive at a consensus on the value of something that is portable, fungible, secure, anti-forgeable and easily transmitted. Not even Gold fits the bill (pun intended). Prior to 2009, the only thing that met the criteria for money in a modern society was government issued fiat. At least someone, somewhere said that this is money and that this is what we must use to pay our taxes.

Today, there is no more reason for a government to control its money supply than there is for it to control communication networks, space travel or package delivery services. Today, a free and competitive marketplace benefits all of these industries and even government itself. And here’s the kicker: No harm will come to a government that uses a completely trusted, transparent and decentralized currency, rather than firing up a printing press whenever a group of transient politicians spends beyond their means.

The economic order facilitated by the blockchain is not as radical as it seems. Aristotle sought to solve the double-spend problem and lamented the lack of an accounting tool that we can now address via the clever combination of encryption and a communications network that is both instant and ubiquitous.

I am not smarter than your average bear, nor am I clairvoyant. But once in a while, I recognize a truth before the masses—and before its time. It’s time to clearly and succinctly illuminate business, banks, consumers, creditors and government:

1. The value we attribute to the dollar is an illusion

2. Bitcoin is not just fair and cost effective. It is tangible and durable. It is good for consumers and good for governments.

Bitcoin ushers in an era of accountability and more fairness. It does not facilitate crime, nor interfere with a government’s ability to tax, spend or enforce tax collection.

Bitcoin is a cryptocurrency with a firmly capped supply. Will it lead to deflation? Could governments lose control over their own monetary policy? Yes to both questions…

But, these are each good things. Capping the money supply and decoupling a nation from monetary policy not only eliminates inflation—it increases access to capital, retires debt more quickly, reassures creditors, imposes transparency and honesty—And it accelerates economic growth, rather than retarding commerce.

Dispelling three millennia of conditioning can be confusing and unsettling. I hate understanding something before my peers. Let’s please get ahead of the curve on this one. I want to enjoy the benefits of using real money in my lifetime.

Related Reading:

* I wrote the first article more than 7 years ago. It is a simple explanation of a geeky, new economic mechanism. Bitcoin had not yet entered mainstream media nor gained attention of Wall Street investors. But consider the similarity to Maria’s tutorial in the 2nd article. Perhaps Maria and I think alike!

Philip Raymond co-chairs CRYPSA, hosts the New York Bitcoin Event and is keynote speaker at Cryptocurrency Conferences. He advises The Disruption Experience in Singapore, sits on the New Money Systems board of Lifeboat Foundation and is a top Bitcoin writer at Quora. Book a presentation or consulting engagement.

SRI Newsletter #06 2018 Great success both for the public and for the speakers, despite the enrollment fees definitely out of budget for many: more than 6300 registered participants, of which almost 50% very young, more than 2000 papers presented in the various symposia. The title of the Congress was very interesting: “Involving everyone”. This gave the impression that there was plenty of space at the Congress for the themes of civil development in space. The attention to the impetuous development of the NewSpace sector is now felt everywhere, and the most important global space congress could not avoid being impacted. After all, it is thanks to the growth of the NewSpace sector if the IAF Congress has recorded this remarkable success. But which were the predominant themes of the Congress? Has the promise announced in the title been kept? In part, yes, but a lot of work remains to be done. And the main NewSpace entrepreneurs didn’t come to Bremen. Read the whole article.

The 69th Congress of the International Astronautical Federation took place in the halls of the Bremen exhibition center from 1 to 5 October.

Great success both for the public and for the speakers, despite the enrollment fees definitely out of budget for many: more than 6300 registered participants, of which almost 50% very young, more than 2000 papers presented in the various symposia. The title of the Congress was very interesting: “Involving everyone”. This gave the impression that there was plenty of space at the Congress for the themes of civil development in space. The attention to the impetuous development of the NewSpace sector is now felt everywhere, and the most important global space congress could not avoid being impacted. After all, it is thanks to the growth of the NewSpace sector if the IAF Congress has recorded this remarkable success. But which were the predominant themes of the Congress? Has the promise announced in the title been kept? In part, yes, but a lot of work remains to be done.

One aim was to “include everyone”, for example, in the exploration of the Moon. And we have seen some concrete cases of inclusion. The company Part Time Scientists, earlier in the context of the Lunar X-Prize, and then with the development of subsequent innovative projects, has put in place a lunar exploration project, in which some industries not belonging to the aerospace sector are involved as technological partners, as well as sponsors, such as Audi, Nokia, Vodafone. Of course, so far we are talking about exploration, mainly robotics, and not about industrial settlements on the Moon. The Moon Village Association thinks about that and presented their initiatives in a context that is becoming more and more receptive and interesting for many.

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The federal government has announced the appointment of Australia’s first Women in STEM Ambassador, with Professor Lisa Harvey-Smith charged with overseeing the country’s attempt to diversify its science, technology, engineering, and mathematics sectors.

An astrophysicist professor, Harvey-Smith will specifically advocate for girls and women in STEM education and careers, aiming also to raise awareness in the male-dominated industry and drive cultural and social change for gender equity.

SEE: The state of women in computer science: An investigative report [PDF download] (TechRepublic cover story)

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Governments are one of the last strongholds of an undigitized, linear sector of humanity, and they are falling behind fast. Apart from their struggle to keep up with private sector digitization, federal governments are in a crisis of trust.

At almost a 60-year low, only 18 percent of Americans reported that they could trust their government “always” or “most of the time” in a recent Pew survey. And the US is not alone. The Edelman Trust Barometer revealed last year that 41 percent of the world population distrust their nations’ governments.

In many cases, the private sector—particularly tech—is driving greater progress in regulation-targeted issues like climate change than state leaders. And as decentralized systems, digital disruption, and private sector leadership take the world by storm, traditional forms of government are beginning to fear irrelevance. However, the fight for exponential governance is not a lost battle.

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Authorities in China’s far-western Xinjiang region appear to have officially legalized so-called re-education camps for people accused of religious extremism, a little more than a month after denying such centers exist.

The Xinjiang government on Tuesday revised a local law to encourage “vocational skill education training centers” to “carry out anti-extremist ideological education.”

Human rights organizations have long alleged the Chinese government has been detaining hundreds of thousands of Uyghurs — a Turkic-speaking, largely Muslim minority native to Xinjiang — in such centers as part of an effort to enforce patriotism and loyalty to Beijing in the region.

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Kudos to WallStreet analyst and advisor, Ric Edelman. He drank the Kool-Aid, he understands a profound sea change, and he sees the ducks starting to line up.

Check out the clearly articulated interview, below, with Bob Pisani at the New York Stock Exchange and legendary Wall Street advisor, Ric Edelman, (Not my term…That’s what CNBC anchor, Melissa Lee, calls him). Read between the lines, especially the last words in the video, below.

Ric Edleman has just joined Bitwise as both investor and advisor. This lends credibility and gravitas to the organization that created the world’s first cryptocurrency index fund. Bitwise benefits from Edelman’s affiliation, because the US has been slow (some would say “cautious”) in recognizing the facts on the ground: Cryptocurrency is already an asset class.

Edelman fully embraces a strong future for Bitcoin—not just as a currency or payment instrument, but as a legal and recognized asset class; one that is at the starting line of a wide open racetrack. He explains that the SEC sets a high bar for offering a Bitcoin ETF, but that this will be achieved. It will pave the way for large institutions, pension funds, etc to allocate a portion of money under management for blockchain products.

At timestamp 3:39, Melissa asks Edelman “Why wait for an ETF?” and “If you believe this strongly, why not advise clients to invest a portion of assets into Bitcoin right now?”

Edelman’s response is stunning. He explains that he is frustrated, because this is what he wants to advise. But, his firm is bound by the Investment Act of 1940—and so, they cannot tell a client “Go to Coinbase” or “Invest in a private fund such as Bitwise—that I am such a big fan of. We don’t have that ability in our practice.” [i.e. until the SEC recognizes Bitcoin as an asset].

In my opinion (and in the opinion of Edleman), SEC recognition of Bitcoin as an asset can’t be far off…

  • It’s already happening in other countries. Reputable exchanges and index funds exist today.
  • Unlike a traveler’s check or Amazon gift card, it is inherently a store of value, whether or not you believe that its value is intrinsic;
  • The IRS already considers it an asset for tax purposes (What an odd schism in definition & treatment!)
  • It is legal to pay staff in Bitcoin and use it to settle debts, for any recipient that accepts it. For employees and consultants, it is a wage or stipend, just like FIAT. They can convert into cash immediately—or retain crypto it to pay their own bills)

It’s not difficult to read between the lines. Edleman makes a clear recommendation, although he can not yet advise this—certainly not on the record. His personal forecast for long term adoption and appreciation, especially of Bitcoin, matches my own analysis. His new affiliation with Bitwise (a pretty bold move) demonstrates certain commitment.

This ends my analysis of Edelman’s strong endorsement. But it raises another important question:

If large financial institutions are likely to offer Bitcoin products
and services—and if credible analysts & advisors are chomping
at the bit to recommend this new asset class—shouldn’t we
invest in Bitcoin now?!

Ironically, I do not recommend hording or investing in cryptocurrency, even as a collectable. Why?! Because of the big “Investment Catch-22”. I don’t discourage investing in Bitcoin because I fear that its value will lessen. It is for a completely different reason. And so, my advice against investing is half-hearted.

Currently, Bitcoin and altcoins are widely misunderstood. Many people have these false impressions…

  • It is not backed by anything
  • It interferes with tax collection
  • Cryptocurrency facilitates crime
  • Governments will never allow it
  • They do not convey compelling benefits over government-issued currency
  • They water down the overall money supply
  • Their deflationary nature threatens economic growth
  • They are easier to lose and subject to scams & hacking
  • They do not facilitate refunds, rescission, recourse and customer claims
  • They interfere with a government’s ability to control its monetary supply

All of this is untrue, except the last item—and that one is a tremendous benefit.

Additionally, blockchain currencies fluctuate widely in real market purchasing power, many altcoins and all ICOs are scams, and acceptance is far from being ubiquitous. Clearly, widespread adoption requires stability, infrastructure, trust and ubiquity.

This cannot happen until two things occur:

  1. The fraction of transactions in normal business and retail commerce (purchases, salaries, debt payment and settlement) must significantly dwarf the fraction that is driven by investors, hoarders and speculators.
  2. A significant number of established brands, services or retailers must begin publishing prices in Bitcoin and honoring those prices throughout a defined sale period (e.g. until the next catalog is published or until the next production run).

Things are beginning to change, but for such a positive and transormative mechanism, that change is frustratingly gradual.

A series of falling dominos is already in process. But, the end game is retarded by those of us who invest in Bitcoin, because we are removing a limited resource from circulation and contributing to volatility. We do this, because we realize that—in the long run—Bitcoin can only go up in value. Yet, our investment at such an early stage (before consumer adoption) makes the infant sick.

Philip Raymond co-chairs CRYPSA, hosts the New York Bitcoin Event and is keynote speaker at Cryptocurrency Conferences. He advises The Disruption Experience in Singapore, sits on the New Money Systems board of Lifeboat Foundation and is a top Bitcoin writer at Quora. Book a presentation or consulting engagement.

The funding, awarded by the UK Government’s Department for Business, Energy and Industrial Strategy’s Regulators’ Pioneer Fund, will be used to pioneer new ways of regulating the autonomous and smart shipping industries to help them deliver innovative new technologies to the traditional maritime sector.

The global autonomous shipping industry is predicted to grow into a $136 billion behemoth by 2030, with UK businesses already playing a key role. The funding will see the creation of the Maritime Autonomy Regulation Lab, where regulators from the MCA and DfT can work with academia and support industry to promote on-water testing and flagship projects and help the UK grow its presence in the global marketplace.

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New Delhi, Oct 6: There are many unsung and forgotten heroes that India has in abundance. One such man whose 125th birth anniversary falls today is Meghnad Saha who was not only nominated for the Nobel Prize in Physics more than once but was also elected to the first Lok Sabha in 1952 as an independent candidate defeating the Congress nominee Prabhu Dayal Himatsingka. But more interestingly he was the chairperson of Calender Reforms Committee set up in 1952.

No one can forget the role of Planning Commission of India in the growth trajectory of the country which was actually conceived by Subhash Chandra Bose at the Haripura Congress in 1938. Bose as a president proposed it as National Planning Committee in which Saha had shown very keen interest.

Also Read Denis Mukwege, Nadia Murad awarded 2018 Nobel Peace Prize.

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