Lifeboat Foundation

The Marshall Islands made its own cryptocurrency, doing away with the US dollar. The government has signed the change into law, making the “sovereign” its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.

The bill was signed into effect on March 1st, but the news is making waves again this week. The Marshall Islands’ population is 53,066, so the change doesn’t affect many, but it is significant for citizens of the islands because banks and credit card companies will need to begin accepting it. With the recent change, US dollars are still likely to be accepted on the Marshall Islands — the sovereign will just be considered the nation’s official legal tender.

In February, top officials from the Marshall Islands confirmed that the Pacific republic would issue its own cryptocurrency to be circulated as legal tender. The digital coin also received approval from the country’s parliament. “As a country, we reserve the right to issue a currency in whatever form it is, whether in digital or fiat form,” said David Paul, minister-in-assistance to the president of the Marshall Islands, to Reuters at the time.

Continue reading “The Marshall Islands replaces the US dollar with its own cryptocurrency” »

Somewhat paradoxically, euthanasia and life extension share a common goal—ending pointless suffering.

On May 10 this year, Australian ecologist David Goodall took his own life before aging could. The scientist, aged 104, reportedly said he “regretted” having reached that age, because the quality of his life had significantly deteriorated as a consequence of his declining health. Unhappy with his condition, though not suffering from any terminal disease—except for aging itself—Goodall opted to end his life through assisted suicide. As the practice is currently not allowed in Australia, he flew with friends and family all the way to a clinic in Switzerland, where he flipped a switch and administered his own lethal injection while listening to Beethoven’s Ninth Symphony. Interestingly, the cost of his trip to Switzerland was covered with money collected through a crowdfunding campaign.

A matter of rights

Continue reading “The right to die and the right to live” »

Groundwater being pumped from a highland aquifer, only to be whisked away in tankers and sold in little plastic bottles by a multinational corporation – it’s a difficult concept for a small farming town to swallow.

Just ask the residents of Stanley, Victoria, whose four-year court battle to stop a farmer bottling local groundwater for Japanese beverage giant Asahi ended in failure last month. They were left with a A$90,000 bill for legal costs.

Locals have clashed with the bottled water industry in many parts of the world, including the United States and Canada, and perhaps most famously in the French spa town of Vittel, where residents have accused Nestlé of selling so much of their water to the rest of the world that they barely have enough left for themselves.

So much talk about AI and robots taking our jobs. Well, guess what, it’s already happening and the rate of change will only increase. I estimate that about 5% of jobs have been automated — both blue collar manufacturing jobs, as well as, this time, low-level white collar jobs — think back office, paralegals, etc. There’s a thing called RPA, or Robot Process Automation, which is hollowing out back office jobs at an alarming rate, using rules based algorithms and expert systems. This will rapidly change with the introduction of deep learning algorithms into these “robot automation” systems, making them intelligent, capable of making intuitive decisions and therefore replacing more highly skilled and creative jobs. So if we’re on an exponential curve, and we’ve managed to automate around 5% of jobs in the past six years, say, and the doubling is every two years, that means by 2030, almost all jobs will be automated. Remember, the exponential math means 1, 2, 4, 8, 16, 32, 64, 100%, with the doubling every two years.

We are definitely going to need a basic income to prevent people (doctors, lawyers, drivers, teachers, scientists, manufacturers, craftsmen) from going homeless once their jobs are automated away. This will need to be worked out at the government level — the sooner the better, because exponentials have a habit of creeping up on people and then surprising society with the intensity and rapidity of the disruptive change they bring. I’m confident that humanity can and will rise to the challenges ahead, and it is well to remember that economics is driven by technology, not the other way around. Education, as usual, is definitely the key to meeting these challenges head on and in a fully informed way. My only concern is when governments will actually start taking this situation seriously enough to start taking bold action. There certainly is no time like the present.

For one thing, it appears to violate international law, according to Congressional testimony by Joanne Gabrynowicz, a space law expert at the University of Mississippi. Before NASA’s moon landing, the United States—along with other United Nations Security Council members and many other countries—signed the 1967 Outer Space Treaty. “Outer space, including the moon and other celestial bodies,” it states, “is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.” The 1979 Moon Agreement went further, declaring outer space to be the “common heritage of mankind” and explicitly forbidding any state or organization from annexing (non-Earth) natural resources in the solar system.

Major space-faring nations are not among the 16 countries party to the treaty, but they should arguably come to some equitable agreement, since international competition over natural resources in space may very well transform into conflict. Take platinum-group metals. Mining companies have found about 100,000 metric tons of the stuff in deposits worldwide, mostly in South Africa and Russia, amounting to $10 billion worth of production per year, according to the U.S. Geological Survey. These supplies should last several decades if demand for them doesn’t rise dramatically. (According to Bloomberg, supply for platinum-group metals is constrained while demand is increasing.)

Palladium, for example, valued for its conductive properties and chemical stability, is used in hundreds of millions of electronic devices sold annually for electrodes and connector platings, but it’s relatively scarce on Earth. A single giant, platinum-rich asteroid could contain as much platinum-group metals as all reserves on Earth, the Google-backed Planetary Resources claims. That’s a massive bounty. As Planetary Resources and other U.S. and foreign companies scramble for control over these valuable space minerals, competing “land grabs” by armed satellites may come next. Platinum-group metals in space may serve the same role as oil has on Earth, threatening to extend geopolitical struggles into astropolitical ones, something Trump is keen on preparing for. Yesterday he said he’s seriously weighing the idea of a “Space Force” military branch.

Continue reading “If Trump Gets His ‘Space Force,’ It Would Likely Be Used to Defend Mining Operations” »

3 days left to get into our Initial Community Offering (ICO) for the evolution of the blockchain which I’ve invested and advising.

Welcome to the Holo ICO whitelist registration! You will need to verify your identity and join the whitelist before you can participate in the ICO. The process requires creating an account, completing a quick identity verification, and then adding your Ethereum address to our whitelist. Once whitelisted, your address will be written into our smart contract, and you will be prepared to participate in the Holo ICO.

NOTE: If you are a resident or citizen of the United States, China, or South Korea, you cannot participate in our ICO due to legal and regulatory uncertainty in those jurisdictions. You will be unable to verify or whitelist if you are a resident or citizen of one of these countries.

To learn more about our ICO, visit https://holo.host/ico

Researchers in artificial intelligence can stand to make a ton of money. But this week, we actually know just how much some A.I. experts are being paid — and it’s a lot, even at a nonprofit.

OpenAI, a nonprofit research lab, paid its lead A.I. expert, Ilya Sutskever, more than $1.9 million in 2016, according to a recent public tax filing. Another researcher, Ian Goodfellow, made more than $800,000 that year, even though he was only hired in March, the New York Times reported.

As the publication points out, the figures are eye-opening and offer a bit of insight on how much A.I. researchers are being paid across the globe. Normally, this kind of data isn’t readily accessible. But since OpenAI is a nonprofit organization, it’s required by law to make these figures public.

Continue reading “The Amount of Money A.I. Researchers Earn Will Shock You” »

A new study has found that thousands of Android apps are violating U.S. law by tracking and sharing the data of children.

Over 150 experts in AI, robotics, commerce, law, and ethics from 14 countries have signed an open letter denouncing the European Parliament’s proposal to grant personhood status to intelligent machines. The EU says the measure will make it easier to figure out who’s liable when robots screw up or go rogue, but critics say it’s too early to consider robots as persons—and that the law will let manufacturers off the liability hook.

This all started last year when the European Parliament proposed the creation of a specific legal status for robots:

so that at least the most sophisticated autonomous robots could be established as having the status of electronic persons responsible for making good any damage they may cause, and possibly applying electronic personality to cases where robots make autonomous decisions or otherwise interact with third parties independently.

Continue reading “Experts Sign Open Letter Slamming Europe’s Proposal to Recognize Robots as Legal Persons” »