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Archive for the ‘economics’ category: Page 153

Mar 26, 2018

Psychographics: the science behind the Cambridge Analytica scandal

Posted by in categories: economics, science

Kogan developed Kosinksi’s ideas, improved them, and cut a deal with Cambridge Analytica. Armed with this bounty – and combined with additional data gleaned from elsewhere – Cambridge Analytica built personality profiles for more than 100m registered US voters. It’s claimed the company then used these profiles for targeted advertising.

Imagine for example that you could identify a segment of voters that is high in conscientiousness and neuroticism, and another segment that is high in extroversion but low in openness. Clearly, people in each segment would respond differently to the same political ad. But on Facebook they do not need to see the same ad at all – each will see an individually tailored ad designed to elicit the desired response, whether that is voting for a candidate, not voting for a candidate, or donating funds.

Cambridge Analytica worked hard to develop dozens of ad variations on different political themes such as immigration, the economy and gun rights, all tailored to different personality profiles. There is no evidence at all that Clinton’s election machine had the same ability.

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Mar 23, 2018

Niti Aayog Chalking Out Much Needed Policy on AI for India

Posted by in categories: economics, policy, robotics/AI

India’s artificial intelligence journey could get a big boost this year.

The National Institution for Transforming India (NITI) Aayog is reportedly going to release a first-ever national policy on AI directly rivalling whatever’s going on in China on the subject. The policy will chalk out the scope of AI via research and how the technology will be adopted in the years to come.

According to an Economic Times report, NITI Aayog will form the policy with short, medium and long term goals in mind, spread up to 2030.

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Mar 21, 2018

The politics of innovation

Posted by in categories: economics, innovation

Innovation is the latest social, political and economic battleground. Techno-optimists dismiss fears about innovation, typecasting non-believers as Luddites. The impact of recent technological changes, they believe, will be realised over time. Luddites, on the other hand, point to weaknesses in technology.


Policymakers are placing their faith on technological advancements to boost flagging growth. But it is founded more on hope than reality.

By Satyajit Das

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Mar 20, 2018

Vitalik Buterin: The Best Thing to Donate Money to is The Fight Against Aging

Posted by in categories: biotech/medical, cryptocurrencies, economics, life extension

An interview with Komsomolskaya Pravda during the conference Undoing Aging in Berlin.


A few days ago, LEAF representatives attended the Undoing Aging 2018 conference in Berlin, which was jointly organized by the SENS Research Foundation and the Forever Healthy Foundation. We invited one of the most professional Russian journalists writing about aging, Anna Dobryukha, to this conference, and she will write a series of articles and interviews in Komsomolskaya Pravda (KP) over the next weeks. As these articles are interesting to the global community, we decided to translate them for our blog.

Today, we publish the first article of this series, an interview that Anna conducted with Vitalik Buterin, the creator of the cryptocurrency Ethereum. Vitalik donated 2.4 million dollars to the SENS Research Foundation earlier this year, so let’s find out what Vitalik’s views are on rejuvenation biotech and life extension!

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Mar 17, 2018

Zoltan Istvan on the Scientific Method In Politics

Posted by in categories: economics, transhumanism

A new 3-minute interview is out that I did. It hits on some fun topics:


Host Angelo Robles talks with transhumanist, Zoltan Istvan, a world leader in science, technology, and futurist issues. Zoltan shares insights on what it means to prosper, how philanthropy can play a part in creating a more unified family and community, along with the responsibility he feels we all should consider when look to our future economy.

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Mar 17, 2018

Let the robots have the damn jobs—all of them!

Posted by in categories: economics, employment, robotics/AI

There are several ways we can deal with the troubles that lie ahead during the transition to full automation. Some experts and companies are exploring basic income, the centuries-old idea of giving unconditional money to all citizens, enough for them to live their lives. Other thought leaders such as Bill Gates are proposing robot taxes, where companies that use automation pay certain fees for the jobs they take away from humans. Other solutions might emerge.

Automation will continue to move forward at an accelerating pace. We don’t need to fear about the destination. Instead, we must prepare ourselves for the rocky road ahead. I’m not worried about the robots taking all the jobs. I’m worried about them leaving some to the humans.

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Mar 15, 2018

Blood, Fraud and Money Led to Theranos CEO’s Fall From Grace

Posted by in categories: biotech/medical, economics

“The Theranos story is an important lesson for Silicon Valley,” said Jina Choi, director of the SEC’s San Francisco Regional Office. “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what their technology can do today, not just what they hope it might do someday.”


Elizabeth Holmes raised hundreds of millions of dollars from investors on the promise that her medical-testing startup Theranos Inc. would change medicine with a single drop of blood. On Wednesday, securities regulators called her a fraud and forced her to give up the company she built.

The lawsuit and settlement announced Wednesday by the U.Securities and Exchange Commission detailed how Holmes and her chief deputy lied for years about their technology, snookered the media, and used the publicity to get investors to hand more than $700 million to keep the closely held company afloat.

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Mar 12, 2018

John Oliver explains Bitcoin, Blockchain & Crypto (with precision & clarity)!

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, internet

John Oliver is a crossover who bridges the art of a comedian with the reporting and perspective of a liberal political pundit. Even detractors acknowledge that Oliver addresses serious issues with unusual wit and humor.

I never thought Oliver could (or would) tackle the topic of cryptocurrency—at least not with value to the viewer. It is too geeky, and too esoteric. (It also cuts into my mission of evangelism and education). smile

He did, and he sparkles! Feel free to jump past the fluff. The Bitcoin tutorial starts at 3:40. Of course, my friend, Shechter, in Long Island New York will bust a gut over what Oliver says at 9:40. It is not only clear and concise, it is accurate and terribly funny!

Whether you are a Bitcoin newbie or a seasoned blockchain coder, this is the video you have been looking for. This one is durable.

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Mar 12, 2018

What sets cryptocurrencies apart from each other?

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, internet

Today, I was asked to answer this question at Quora:

What sets each cryptocurrency apart from the others?

“Cryptocurrency” is a broad term. It refers to payment coins, of course—such as Bitcoin and Litecoin. But, because most tradeable tokens attain an asset value, the word is often used to refer to smart contract devices, such as Ethereum, a host of other blockchain based tokens, functional Internet-of-Things tokens, and even ICOs (Initial Coin Offerings). Since people treat ICOs and IOT tokens as investment instruments even if they are useless as a payment mechanism, they all fall within the realm of a cryptocurrency.

So, before addressing the question, let’s distinguish between Altcoins and ICOs. I assume the question refers to Altcoins, and not ICOs…

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Mar 11, 2018

Building a Bitcoin ATM is easy, but…

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, internet

A new section about Bitcoin ATM business models
has been added. Jump to “UPDATE – July 2019

The good news is that building a Bitcoin ATM is easy and less expensive than you might expect. But, offering or operating them engulfs the assembler in a regulatory minefield! It might just be worth sticking to selling bitcoin on PayPal (visit this website for more information on that). You might also wish to rethink your business model—especially user-demand scenarios. See our 2019 update at the bottom of this article.

A photo of various Bitcoin ATMs appears at the bottom of this article. My employer, Cryptocurrency Standards Association, shared start-up space at a New York incubator with the maker of a small, wall mounted ATM, like the models shown at top left.

What is Inside a Cryptocurrency ATM?

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