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Category: internet – Page 313

Can Bitcoin be defeated by legislation?

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.

Bitcoin is remarkably resistant to effective regulation because it is a fully distributed, peer-to-peer mechanism. There is no central set of books, no bank to subpoena, and no central committee to pressure (at least not anyone who can put the genie back into the bottle). In essence, there is no choke point or accountable administrative party.

Sure—it is possible to trace some transactions and legislate against ‘mixers’ and other anonymization methods—but there is no way to prevent a transaction before it occurs or to know the current distribution of assets. Bitcoin can exist as a printed QR code and it can be transmitted from a jail cell with a blinking flashlight. Sending bitcoin from Alice to Bob has no intermediary. Settlement requires only that one of the parties eventually has access to the Internet. But, there is no credit authority or central asset verification. [continue below image]…

feral_cat_mating-02-ts

If you are thinking of legislating against the use of Bitcoin, you might as well pass laws to ban the mating of feral cats or forbid water from seeping into underground basements. These things are beyond the domain of human geopolitics. You can try to shape the environment (e.g. offer incentives to cats and water levels), but you cannot stop sex or seepage.

Fortunately, Bitcoin is not a threat to governments—not even to spending or taxation. A gross misunderstanding of economics and sociology has led some nations to be suspicious of Bitcoin, but this improper perception is abating. Governments are gradually recognizing that Bitcoin presents more of an opportunity than a threat.

I have written more extensively on this issue:

Philip Raymond is co-chair of Cryptocurrency Standards Association, MC for The Bitcoin Event in NY and board member for Lifeboat Foundation. This fall, he will teach Cryptocurrency and The Blockchain in Massachusetts.

Garage Biotech: New drugs using only a computer, the internet and free online data

Garage startup (credit: Chase Dittmer)

By 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.

One man, Professor Atul Butte, director of the University of California Institute of Computational Health Sciences, believes that like other Silicon Valley startups, almost anyone can bring a drug to market from their garage with just a computer, the internet, and freely available data.

In a talk given at the Science on the Swan conference held in Perth this week, Professor Butte outlined the process for an audience of local and international scientists and medics.

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Bitcoin Pundicy: A Lifeboat Perspective

Here in the Lifeboat Blog, I have the luxury of pontificating on existential, scientific and technical topics that beg for an audience—and sometimes—a pithy opinion. Regular Lifeboat readers know that I was recently named most viewed Bitcoin writer at Quora under a Nom de Plume.

Quora is not a typical Blog. It is an educational site. Questions and numerous answers form the basis of a crowd-sourced popularity contest. Readers can direct questions to specific experts or armchair analysts. A voting algorithm leads to the emergence of some very knowledgeable answers, even among laypersons and ‘armchair’ experts.

During the past few weeks, Quora readers asked me a litany of queries about Bitcoin and the blockchain, and so I am sharing selected Q&A here at Lifeboat. This is my professional field—and so, just as with Mr. Trump, I must resist an urge to be verbose or bombastic. My answers are not the shortest, but they are compact. Some employ metaphors, but they explain complex ideas across a broad audience.

As you browse some recent Bitcoin questions below, click a question for which you know the least. (Example: Do you know what the coming ‘halving event’ is about?). Leave a comment or question. I am interested in your opinion.

Philip Raymond sits on Lifeboat’s New Money Systems Board, is co-chair of the
The Cryptocurrency Standards Association, and is a most viewed writer at Quora.

This Astrophysicist Posed an Alien Challenge and the Internet Is Racing to Solve It

If aliens sent you an encrypted binary message, could you answer? René Heller, an astrophysicist at the Max Planck Institute for Solar System Research, wants to hear from you.

Last month, Heller posed a hypothetical question as part of the #SETIDecryptChallenge: “Suppose a telescope on Earth receives a series of pulses from a fixed, unresolved source beyond the solar system,” he wrote. “It turns out the pulses carry a message.”

The encrypted message is a vast sea of 0’s and 1’s. You can see it here, but here’s a GIF for your convenience.

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Americans Distracted By The Transgender Bathroom Argument While 3 Nuclear Disasters Unfold

The debate over which bathroom transgender people can use has been taking over the Internet and our social conversations for weeks now, and it’s getting a bit ridiculous. Transgender people have always used the bathroom that they feel comfortable with, whether it’s the bathroom that belongs to the sex they were born with or not, and there have been no problems.

In the heat of this debate, Americans are not only divided on the issue but collectively distracted from bigger, more important issues, such as the fact that there are three nuclear disasters occurring throughout the nation that have been getting no media attention.

One major disaster that will soon come to head all started with a fire at the Bridgeton Landfill in Missouri that has been burning for five years. Despite this extremely long length of time, authorities say that this fire is nowhere close to being contained. What’s more is that St. Louis County officials have reported that they have an emergency plan in place because the fire is closing in on nuclear waste dump.

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“Liberation technologies” and the ones who will gain

How could global economic inequality survive the onslaught of synthetic organisms, micromanufacturing devices, additive manufacturing machines, nano-factories?
(http://www.beliefnet.com/columnists/lordre/2016/04/obsessed-…L36KMDo.99)

Narrated by Harry J. Bentham, author of Catalyst: A Techno-Liberation Thesis (2013), using the introduction from that book as a taster of the audio version of the book in production. (http://www.clubof.info/2016/04/liberation-technologies-to-come.html)

Paperback: http://www.amazon.com/Catalyst-Techno-Liberation-Harry-J-Ben…atfound-20

Kindle: http://www.amazon.com/Catalyst-Techno-Liberation-Harry-J-Ben…atfound-20

Audio: coming soon!

Comcast Can Now Sell You Fiber Speeds Over Coax, Thanks to a New Modem

Gearing up to offer one-gigabit-per-second Internet service in five U.S. cities this year. The first five cities to see the blazing speed are Nashville, Atlanta, Chicago, Detroit, and Miami.

Comcast, the Internet provider everyone loves to hate, is gearing up to offer one-gigabit-per-second Internet service in five U.S. cities this year. The first five cities to see the blazing speed are Nashville, Atlanta, Chicago, Detroit, and Miami. In line with Google Fiber, Verizon FiOs, and municipal offerings at one-gigabit speeds to the home, the new Comcast service will dramatically increase download speeds. Most subscribers currently receive download speeds of 25–100 megabits per second. For the customers with a 100Mbps connection, the increase boosts their speed 10 times over. For customers with 25 megabit connections, it’s 40 times faster. At that rate, one could download a full-length HD movie in around seven seconds. Not bad.

What sets Comcast’s gigabit service apart is the fact that the Internet provider is not using fiber optic lines to achieve the mega-fast speeds. Instead the company is using the existing coaxial cable lines that are already piped into people’s homes, giving Comcast a potentially huge advantage over a project like Google Fiber—which requires digging costly trenches through cities to lay fiber cables.

Hardware Boost

Comcast’s gigabit-over-coax Internet requires a new kind of cable modem. That device is charmingly classified under a new DOCSIS 3.1 standard, an acronym for Data Over Cable Service Interface Specification. And while it looks like any other black box, this new standard is capable of pumping data at 10 Gbps over existing coaxial cable. Still, Comcast is ushering in its new service with only a tenth of that power—currently offering one gigabit per second downstream speeds with 35Mbps upstream.

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How AI will make information akin to electricity

Ask an Information Architect, CDO, Data Architect (Enterprise and non-Enterprise) they will tell you they have always known that information/ data is a basic staple like Electricity all along; and glad that folks are finally realizing it. So, the same view that we apply to utilities as core to our infrastructure & survival; we should also apply the same value and view about information. And, in fact, information in some areas can be even more important than electricity when you consider information can launch missals, cure diseases, make you poor or wealthy, take down a government or even a country.

What is information? Is it energy, matter, or something completely different? Although we take this word for granted and without much thought in today’s world of fast Internet and digital media, this was not the case in 1948 when Claude Shannon laid the foundations of information theory. His landmark paper interpreted information in purely mathematical terms, a decision that dematerialized information forever more. Not surprisingly, there are many nowadays that claim — rather unthinkingly — that human consciousness can be expressed as “pure information”, i.e. as something immaterial graced with digital immortality. And yet there is something fundamentally materialistic about information that we often ignore, although it stares us — literally — in the eye: the hardware that makes information happen.

As users we constantly interact with information via a machine of some kind, such as our laptop, smartphone or wearable. As developers or programmers we code via a computer terminal. As computer or network engineers we often have to wade through the sheltering heat of a server farm, or deal with the material properties of optical fibre or copper in our designs. Hardware and software are the fundamental ingredients of our digital world, both necessary not only in engineering information systems but in interacting with them as well. But this status quo is about to be massively disrupted by Artificial Intelligence.

A decade from now the postmillennial youngsters of the late 2020s will find it hard to believe that once upon a time the world was full of computers, smartphones and tablets. And that people had to interact with these machines in order to access information, or build information systems. For them information would be more like electricity: it will always be there, and always available to power whatever you want to do. And this will be possible because artificial intelligence systems will be able to manage information complexity so effectively that it will be possible to deliver the right information at the right person at the right time, almost at an instant. So let’s see what that would mean, and how different it would be from what we have today.

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