Lifeboat Foundation

I administer the Bitcoin P2P discussion group at LinkedIn, a social media network for professionals. A frequent question posed by newcomers and even seasoned venture investors is: “How can I understand Bitcoin in its simplest terms?”

Engineers and coders offer answers that are anything but simple. Most focus on mining and the blockchain. In this primer, I will take an approach that is both familiar and accurate…

Terms/Concepts: • Miners • Blockchain • Double-Spend

First, forget about everything you have heard about ‘mining’ Bitcoin. That’s just a temporary mechanism to smooth out the initial distribution and make it fair, while also playing a critical role in validating the transactions between individuals. Starting with this mechanism is a bad way to understand Bitcoin, because its role in establishing value, influencing trust or stabilizing value is greatly overrated.

Continue reading “Bitcoin Primer: Don’t Start with Miners” »

A new experiment to give away money as “basic income” is underway in Germany. In 2014, Michael Bohmeyer, a 31-year-old German entrepreneur, launched “My Basic Income” (“Mein Grundeinkommen”), and this month, the project, made possible through crowdfunding, issued $1,100 checks to 26 people to use however they want. Leftists in Germany tend to support the idea…

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Are you a current or aspiring researcher working in the #aging field? Then you may be interested in the 23rd annual RAND Summer Institute in Santa Monica. This July, institute participants will attend a series of master lectures that offer insights into the science of aging, and the relationships between the aging field and health, economic status, and public policy. Register by March 15.

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Recently, I was named Most Viewed Writer on Bitcoin and cryptocurrency at Quora.com (writing under the pen name, “Ellery”). I don’t typically mirror posts at Lifeboat, but a question posed today is relevant to my role on the New Money Systems board at Lifeboat. Here, then, is my reply to: “How can governments ban Bitcoin?”

Governments can enact legislation that applies to any behavior or activity. That’s what governments do—at least the legislative arm of a government. Such edicts distinguish activities that are legal from those that are banned or regulated.

You asked: “How can governments ban Bitcoin?” But you didn’t really mean to ask in this way. After all, legislators ban whatever they wish by meeting in a congress or committee and promoting a bill into law. In the case of a monarchy or dictatorship, the leader simply issues an edict.

So perhaps, the real question is “Can a government ban on Bitcoin be effective?”

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What will really happen if artificial intelligence takes the jobs we have today? How would society change if we got a basic income?

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Governments, businesses, and economists have all been caught off guard by the geopolitical shifts that happened with the crash of oil prices and the slowdown of China’s economy. Most believe that the price of oil will recover and that China will continue its rise. They are mistaken. Instead of worrying about the rise of China, we need to fear its fall; and while oil prices may oscillate over the next four or five years, the fossil-fuel industry is headed the way of the dinosaur. The global balance of power will shift as a result.

LED light bulbs, improved heating and cooling systems, and software systems in automobiles have gradually been increasing fuel efficiency over the past decades. But the big shock to the energy industry came with fracking, a new set of techniques and technologies for extracting more hydrocarbons from the ground. Though there are concerns about environmental damage, these increased the outputs of oil and gas, caused the usurpation of old-line coal-fired power plants, and dramatically reduced America’s dependence on foreign oil.

Continue reading “These Technologies Will Shift the Global Balance of Power in the Next 20 Years” »

My new article for Vice Motherboard. It’s about one of the biggest ideas I believe in–the necessity to spend more money directly on science goals instead of bomb making and defense:

It just so happens that there is another way—a method that would satisfy liberals and conservatives alike. Instead of always spending more on our military, we could transition our nation and its economy into a scientific-industrial complex.

There’s compelling reason to do this beyond what meets the eye. Transhumanist technology is starting to radically change human life. Many experts expect to be able to stop aging and conquer death for human beings in the next 25 years. Others, like myself, see humans merging with machines and replacing our every organ with bionic ones.

Continue reading “We Must Cut the Military and Transition to a Science-Industrial Complex” »

“[R]igorous scientific new arguments for a swift move to a circular economy – an industrial system that is restorative by intention and design. Rather than discarding products before their value is fully utilized, we should design and produce them for continuous re-use.”

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On Ideapod: https://www.ideapod.com/idea/How-Universal-Basic-Income-will…24128040f8
On Change.is: http://change.is/video/how-universal-basic-income-will-trans…experience

Source: Jason Silva — IBM Insight 2015 — theCUBE — #ibminsight
https://www.youtube.com/watch?v=7VgfcfQv_TE

Continue reading “How Universal Basic Income will Transform Human Experience” »