Lifeboat Foundation

(Originally posted March 7, 2019, on the Crowdfunding Professional Association’s website.)

The purpose of this memo is two-fold:

• To highlight the possibility of risks to banking and finance sectors arising from new financial instruments based on blockchain technology; primarily from novel financial accounting methods and products called “stablecoins,” digital tokens, and cryptocurrencies.
• To encourage regulators and policymakers to engage blockchain thought leaders, product developers and the community in general to better understand the economic and policy implications of public, private and permissioned blockchains; their application to banking and finance regulations; and how innovation may be encouraged in a safe, sound and responsible manner.

Like any technology, blockchain can and may be used to improve a variety of operational, identity, security and technology challenges that the future of digital banking, business and society face. Blockchain technology is also poised to create new and increasingly clever methods and economies for value, commodities, assets, securities and a slew of yet-to-be discovered financial instruments and products. However, no leap in technology and finance is ever made without risk. As policymakers and stewards of the current and future digital economy and ecosystem, we have an obligation to our constituents and the global banking and finance community to guide the growth and adoption of emerging fintech technology in a safe and sound manner.

To that end, three areas that have the potential for regulatory and compliance issues as companies such as JP Morgan Chase, embrace and develop blockchain technologies to leverage digital tokens, cryptocurrencies and novel accounting systems such as the so called “JPMCoin,” are highlighted:

Continue reading “Acknowledging Risks in Institutional ‘Stablecoin’ Cryptocurrencies and Fractional Reserve Banking” »

Wang and his colleagues found that many cancers that get switched into overdrive and boost tumor growth have jumping genes that function as a kind of stealthy “on switch.” These cryptic switches can force a gene to be turned on all the time, even though it should be off.

Mistakes in DNA are known to drive cancer growth. But a new study, from Washington University School of Medicine in St. Louis, heavily implicates a genetic phenomenon commonly known as “jumping genes” in the growth of tumors.

The study is published March 29 in the journal Nature Genetics.

Continue reading “‘Jumping genes’ drive many cancers” »

But in “The Matrix,” the landmark of liquid-action sci-fi released 20 years ago today, the artificial intelligence comes at us in a uniquely teasing, forward-tilting, who’s-that-in-the-mirror way. The movie is about a computer-company office drone, played with pinpoint charisma by Keanu Reeves, who gets tugged out of his existence by a rebel underground that unplugs him from the Matrix.

The term “artificial intelligence” was coined in 1956, but one way or another it has been the subject of just about every great science-fiction movie, from “Metropolis” to “Frankenstein,” from the paranoid fables of the ’50s (about brainy robots and aliens with giant noggins who were like “advanced” versions of ourselves) to “2001: A Space Odyssey,” in which HAL, the computer who talks like a wounded therapy patient, displays the anger and ego of a jilted human being. And by the late ’70s and early ’80s, the Machines Who Could Think were really taking over. “Alien” featured a technologically evolved monster with the metallic jaws, the helmet head, and the relentlessness of a demonic thresher, the most sympathetic character in “Blade Runner” was a replicant, and “The Terminator” gave us a dystopia ruled by the machines, featuring a weaponized badass who was the ultimate programmed destroyer.

After being sold out this year with nearly 500 participants, we will be back in 2020!

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Physicists have observed a difference in the decay of particles containing the charm quark and its antiparticle, perhaps helping to explain why matter exists at all.

Aiming a laser beam at an aircraft isn’t a harmless prank: The sudden flash of bright light can incapacitate the pilot, risking the lives of passengers and crew. But because attacks can happen with different colored lasers, such as red, green or even blue, scientists have had a difficult time developing a single method to impede all wavelengths of laser light. Today, researchers report liquid crystals that could someday be incorporated into aircraft windshields to block any color of bright, focused light.

It may be a cliché, but drone photography really does offer a new perspective on the world.

Winners of the 2018 Aerial Photo and Video Contest from SkyPixel (an online photo-sharing community owned by Chinese drone maker DJI) show how. The pictures and videos put architecture, nature, and humanity on display from unexpected heights and angles. The resulting imagery is stunning, and might make you rethink your place in the world.

Just consider it for a second. Where are you standing or sitting right now? What would it look like if you could see yourself from a distance? What surrounds you?

Continue reading “These stunning drone photos put humanity in its place” »

This is incredible!

Open Bionics