Lifeboat Foundation

On August 1 2017, the value of a Bitcoin was at $2,750 US dollars. Today, just over one month later, it is poised to leap past $5,000 per unit. With this gain, many people are asking if Bitcoin has any genuine, inherent value. Is it a pyramid scheme? —Or is it simply a house of cards ready to collapse when the wind picks up?

In a past article, I explained that Bitcoin fundamentals ought to place its value in the vicinity of $10,000.* (At the time, it was less than $450, and had even fallen to $220 in the following year).

For many consumers viewing the rising interest in Bitcoin from the stands, there is great mystery surrounding the underlying value. What, if anything, stands behind it? This is a question with a clear and concise answer. In fact, it has a very definitive and believable answer—but it is easiest to understand with just a little bit of historical perspective.

At one time, G7 fiat currencies were backed by a reserve of physical Gold or the pooling or cross-ownership of other currencies that are backed by gold. That ended in 1971 when the Bretton Woods agreement was dissolved by president Richard Nixon in Ithaca NY.

Continue reading “Spell it Out: What, exactly, backs Bitcoin?” »

It’s de rigeur for the many of the richest of the rich to tout the benefits of giving cash handouts to all American citizens, in part as a way to end poverty. The idea, called universal basic income (UBI), is for every individual to be paid a regular sum of money regardless of employment status.

One of the tech elite who has an interest in universal basic income is self-made multimillionaire and Y Combinator President Sam Altman. “Eliminating poverty is such a moral imperative and something that I believe in so strongly,” Altman tells CNBC Make It.

“There’s so much research about how bad poverty is. There’s so much research about the emotional and physical toll that it takes on people.

Continue reading “Top Silicon Valley tech exec on cash handouts: Let’s eliminate poverty for all Americans” »

The BRICS Finance Committee is discussing a joint virtual currency for the five nation bloc of developing economies, according to the Russian Direct Investment Fund (RDIF) chief Kirill Dmitriev.

Here’s a people-friendly/business-friendly plan to replace Labor Day with Basic Income Day in America. Your half million dollars is waiting and yours! http://www.businessinsider.com/basic-income-with-federal-lan…2017-7 #FederalLandDividend

Futurist and 2018 libertarian candidate for California governor Zoltan Istvan outlines his plan to give everyone a government kickback from untapped land.

Article out by Ron Bailey at Reason Magazine that discusses #transhumanism and #libertarianism:

Kai Weiss, a researcher at the Austrian Economics Center and Hayek Institute in Vienna, Austria, swiftly denounced the piece. “Transhumanism should be rejected by libertarians as an abomination of human evolution,” he wrote.

Clearly there is some disagreement.

Continue reading “Transhumanism and Libertarianism Are Entirely Compatible” »

To help you understand the significance of this, in terms of cameras, we’re looking at 6 times more than the total number of our global population today. And in terms of sensors, we’re looking at 133 times more than the total number of our global population.

To quote economics theorist Jeremy Rifkin at length:

While privacy has long been considered a fundamental right, it has never been an inherent right. Indeed, for all of human history, until the modern era, life was lived more or less publicly, as befits the most social species on Earth. As late as the sixteenth century, if an individual was to wander alone aimlessly for long periods of time in daylight, or hide away at night, he or she was likely to be regarded as possessed. In virtually every society that we know of before the modern era, people bathed together in public, often urinated and defecated in public, ate at communal tables, frequently engaged in sexual intimacy in public, and slept huddled together en masse.

Continue reading “Social Experiment Known as Privacy Won’t Survive the Future” »

The Finnish government is giving its citizens money, plain and simple. But what’s the catch? And will it work?

Dear vice president mike pence, chairman of the national space council:

Thank you for your leadership of the National Space Council that has been recreated under the authority of President Trump. In 1962, when the Council was first formed under the leadership of Vice President Johnson, its executive director, Edward Welsh, played a decisive role in the drafting and passage of the Communications Satellite Act, which led to the creation of COMSAT and the subsequent formation of INTELSAT, an intergovernmental communications satellite organization initially with 14-member governments in 1964 that was privatized in 2001. COMSAT was the first major step towards the commercial use of outer space. In 1967, after Johnson had been elected president, he reported that “the Communications Satellite Act of 1962 [has] brought mankind to the threshold of a full-time global communications service to which all nations of the world may have equal access.”

The world is at a watershed moment regarding outer space. Governments have dominated in outer space. Increasingly, though, private investment will shape the future in space. The US does not have a strategy nor is it organized to effective ly advance private space development and the emergence of a self-sustaining space economy. This is the principal challenge to be addressed by the Space Council.

Meet the “ems” — machines that emulate human brains and can think, feel and work just like the brains they’re copied from. Futurist and social scientist Robin Hanson describes a possible future when ems take over the global economy, running on superfast computers and copying themselves to multitask, leaving humans with only one choice: to retire, forever. Glimpse a strange future as Hanson describes what could happen if robots ruled the earth.

About the speaker.