Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog – Page 11050

The answer may be counter-intuitive: Not only can Bitcoin be widely adopted under a supply cap, its trust and integrity are a direct result of a provably limited supply. As a result, it will flourish because it is capped.

Everyone Can Own and Trade a Limited Commodity, IF…

…if it is both measurable and divisible. Bitcoin has a capped supply just as gold has a capped supply. Although both assets will be mined for some time into the future, there is only so much that will ever be uncovered. Thereafter, the total pie cannot grow.

But the transaction units will continue to grow as needed, because the pie is divisible into very, very tiny units:

There will eventually be 21 million BTC and each coin is divisible into 108 units. This yields (21 million * 100 million), or 21 trillion exchangeable units. And, it can be divided further by consensus.

As Bitcoin is adopted—whether as a simple payment instrument, an investment asset or even as national currencies around the world—each unit of the limited supply simply rises in value. If thought of as a currency, with a value established by supply & demand, it leads to a deflationary economy.

But, Isn’t Deflation Bad for the Economy?

It’s common to associate deflation with economic ills. One need only glance back at the the last century to conclude that deflation coincides with wars, joblessness, recession and a crippling concentration of wealth. Perhaps, just as bad, the tools used to pull a nation out of deflation often force governments to cherry pick beneficiaries of stimulus spending.

But it is important to note that deflation plays no role in causing these things. On the contrary, it is an effect rather than a cause… In fact, when a supply cap is introduced as a designed control input for monetary policy, all sorts of good things follow. I address these in various answers at Quora. Dig in:

Philip Raymond co-chairs Cryptocurrency Standards Association. He was host and producer of The Bitcoin Event in New York. In his spare time, he edits A Wild Duck

After 15 years of development, an Israeli tech firm is optimistic it will finally get its 1,500 kilogramme (1.5 tonne) passenger carrying drone off the ground and into the market by 2020.

The Cormorant, billed as a flying car, is capable of transporting 500 kilogrammes (around half a tonne) of weight and travelling at 185 kilometres per hour. It completed its first automated solo flight over terrain in November. Its total price is estimated at $14 million.

Developers Urban Aeronautics believe the dark green drone, which uses internal rotors rather than helicopter propellers, could evacuate people from hostile environments and/or allow military forces safe access.

Read more

Scientists are close to bringing back a huge ancient cattle species called an auroch.

Aurochs roamed Europe for thousands of years until the last of their kind died in the Jaktorow Forest in Poland in 1627.

They were 7 ft (2.13 m) tall and weighed around 1,000kg.

Since 2009, European science teams have been breeding cattle which still carry auroch DNA. Two programmes are attempting to revive a version of the auroch through breeding.

Read more

Increasingly the vegetarian diet seems promising in terms of longevity strategy. Here is a short article exploring this idea.

Our ability to live a long life is influenced by a combination of our genes and our environment. In studies that involve identical twins, scientists have estimated that no more than 30 percent of this influence comes from our genes, meaning that the largest group of factors that control how long a person lives is their environment.

Of the many possible environmental factors, few have been as thoroughly studied or debated as our diet. Calorie restriction, for example, is one area that is being investigated.

So far, studies seem to show that restricting calories can increase lifespan, at least in small creatures. But what works for mice doesn’t necessarily work for humans.

Continue reading “Who’ll Live Longer: Meat Eaters or Vegetarians?” | >

N” A boom in consumer drone sales has spawned a counter-industry of start-ups aiming to stop drones flying where they shouldn’t, by disabling them or knocking them out of the sky.

Dozens of start-up firms are developing techniques — from deploying birds of prey to firing gas through a bazooka — to take on unmanned aerial vehicles (UAVs) that are being used to smuggle drugs, drop bombs, spy on enemy lines or buzz public spaces.

The arms race is fed in part by the slow pace of government regulation for drones.

Read more

In Brief

  • Princeton University researchers have developed the world’s first integrated silicon photonic neuromorphic chip, which contains 49 circular nodes etched into semiconductive silicon.
  • The chip could complete a math equation 1,960 times more quickly than a typical central processing unit, a speed that would make it ideal for use in future neural networks.

As developments are made in neural computing, we can continue to push artificial intelligence further. A fairly recent technology, neural networks have been taking over the world of data processing, giving machines advanced capabilities such as object recognition, face recognition, natural language processing, and machine translation.

These sound like simple things, but they were way out of reach for processors until scientists began to find way to make machines behave more like human brains in the way they learned and handled data. To do this, scientists have been focusing on building neuromorphic chips, circuits that operate in a similar fashion to neurons.

Read more