Will Conley — Slash Gear

Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoin’s mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) requesting an official administrative ruling on whether ACB must register as a money transfer service. FinCEN has now replied, and the answer is no.

ACB requested the ruling because there has been much confusion as to whether mining — and spending the proceeds — constituted a money transfer service. This may seem a ridiculous question to virtual currency aficionados, but the confusion arose because some businesses dealing in virtual currencies do indeed operate as money transfer services. Mining and spending virtual currency, however, is not a transfer service. Such was the ruling by FinCEN.

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Dylan Love, provided by Business Insider

This is spooky stuff, but it’s real and it’s already happening.

Humans are augmenting themselves with computers and technology that will expand their abilities, and it’s going to get more advanced and morally complex as time passes.

Imagine transplanting your entire consciousness into a computer. That’s a new type of immortality. Imagine having a robotic exoskeleton that’s not just part of your body — it is your body. That’s a new type of existence entirely.

Continue reading “Transhumanism Will Change Everything” »

Alzheimer’s disease is on the rise, even as doctors continue to struggle to find potential treatments for it. Researchers expect the number of those suffering from dementia to grow from 44 million at present to three times that by 2050.

The growing number puts increased pressure on researchers to do something to ameliorate the disease. And one drug is attracting the spotlight as it enters clinical trials. Eric Karran, the director of research at Alzheimer’s Research UK, said in a press conference in the lead-up to a G8 summit on dementia that he is “full of hope” that a drug now being tested in the United States on patients with mild dementia may be to Alzheimer’s disease what statins are to heart disease.

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Rex Troumbley — Slate

This essay originally appeared in Internet Monitor 2013: Reflections on the Digital World, published by the Internet Monitor project at Harvard’s Berkman Center for Internet & Society. It is licensed under a Creative Commons Attribution 3.0 Unported license and has been lightly edited to align with Slate’s style guide.

by J.M.P. — The Economist

A GROUP of self-described anarchists, libertarians and Ron Paul supporters fleeing the crumbling world economic system have founded Galt’s Gulch, a community in Chile inspired by Ayn Rand’s “Atlas Shrugged”—and with an economy based entirely on Bitcoin. Or that’s the goal, anyway.

“Our farm workers and suppliers still want to get paid in pesos,” Ken Johnson, the project’s founder and managing partner, explains. “But Bitcoin as the John Galt coin? Why shouldn’t it be?”

Continue reading “Bitcoin paradise” »

To think about the existential prospects that lie ahead for Humanity 2.0, or Homo futura, imagine yourself in 1900 faced with two investment opportunities for the future of personal human transport: on the one hand, a specially bred – that is, genetically modified – horse; on the other, a mass-produced automobile. Which prospect would you pursue?

The horse has been long a reliable mode of transport, whose strengths and weaknesses are well known. A faster horse may require greater skill to handle and more feed that produces more manure. But your society is already equipped to deal with those consequences. In contrast, the automobile is a new technology, albeit one that has already shown that it can equal and even surpass the horse in terms of speed and durability under a variety of conditions. However, the automobile brings its own distinctive cost-benefit calculus, as its future improvement would very likely involve both greater enclosure of the traveller and greater pollution of the environment. In the long term, the traveller’s relationship to nature would probably need to change quite drastically for the automobile to become dominant.

It is too bad that the state of genetic knowledge was not sufficiently advanced in 1900 to turn this into a real choice. Instead the horse easily appeared a less attractive long-term bet, as it was generally presumed that the upper limits of the creature’s performance had been already reached. In that case, the indefinite continuation of horse-drawn personal transport could only be defended by those who had a principled objection to mechanical transport, a position perhaps grounded in a nostalgic view of humanity’s oneness with nature. But even these people could not deny the proven effectiveness of ships and trains as machines of mass conveyance. In short, the horse was doomed. The market for personal transport underwent what Joseph Schumpeter called ‘creative destruction’. Henry Ford effectively made it worthwhile for consumers to reorganize their value priorities in a way that quickly resulted in the automobile, rather than the horse, setting the standard of personal transport.

The twenty-first century may offer us a choice rather like that of our hypothetical 1900 decision between horse and car. But now the choice would be between two different ways of continuing the human condition – alternative vehicles, as it were, to convey our existence. One involves genetically modifying ourselves and the other involves transcending the bodies of our birth altogether. These two options represent the two rather opposing directions in which contemporary transhumanism is heading.

Continue reading “The fork on the road for Homo Futura” »