Lifeboat Foundation

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.

«— 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.

Continue reading “Can Bitcoin be defeated by legislation?” »

It seems that the D-Wave Computer does work, and the theory is that the hardware is 3,600 times faster than other supercomputers. It is the nearest we have to quantum computing, and there have been two tests leading to the announcement that it was far more quickly than simulated annealing which is a copy of quantum computation carried out on a standard computer chip.

The Future of Elevators

More Videos by Alex Klokus.

By David Glance Director of UWA Centre for Software Practice, University of Western Australia

Pharmaceutical companies typically develop new drugs with thousands of staff and budgets that run into the billions of dollars. One estimate puts the cost of bringing a new drug to market at $2.6 billion with others suggesting that it could be double that cost at $5 billion.

Continue reading “Garage Biotech: New drugs using only a computer, the internet and free online data” »

For the second time in less than a month, SpaceX has landed the first stage of its Falcon 9 rocket on a ship at sea.

The booster settled softly onto the deck of SpaceX’s robotic “Of Course I Still Love You” droneship at 1:30 a.m. EDT (0530 GMT) on Friday (May 6), nine minutes after launching from Cape Canaveral Air Force Station in Florida on a successful mission to carry the Japanese communications satellite JCSAT-14 to orbit.

Chants of “USA! USA! USA!” erupted at SpaceX headquarters in Hawthorne, California as the Falcon 9 stuck its landing on the ship, which was stationed about 200 miles (320 kilometers) offshore in the Atlantic Ocean. [Photos: SpaceX Launches Satellite, Lands Rocket at Sea].

By forcing computers to do more of the grunt work, the world’s biggest tech companies are accelerating how quickly AI enters the everyday world.

Japanese scientists have reported the first successful skin-to-eye stem cell transplant in humans, where stem cells derived from a patient’s skin were transplanted into her eye to partially restore lost vision.

The patient, a 70-year-old woman diagnosed with age-related macular degeneration (AMD) – the leading cause of vision impairment in older people – received the experimental treatment back in 2014 as part of a pilot study. Now, closing in on two years after the transplant took place, the scientists are sharing the results.

The researchers took a small piece of skin from her arm (4 mm in diameter) and modified its cells, effectively reprogramming them into induced pluripotent stem cells (iPSC).

Continue reading “Japanese scientists have used skin cells to restore a patient’s vision for the first time” »

Researchers at the University of Liverpool have developed a set of algorithms that will help teach computers to process and understand human languages.

Whilst mastering natural language is easy for humans, it is something that computers have not yet been able to achieve. Humans understand language through a variety of ways for example this might be through looking up it in a dictionary, or by associating it with words in the same sentence in a meaningful way.

The algorithms will enable a computer to act in much the same way as a human would when encountered with an unknown word. When the computer encounters a word it doesn’t recognise or understand, the algorithms mean it will look up the word in a dictionary (such as the WordNet), and tries to guess what other words should appear with this unknown word in the text.