Lifeboat Foundation

TransAstra Corporation recently completed an in-depth study of how to use resources from near Earth objects to facilitate space exploration and settlement.

The 82-page report, “Stepping Stones: Economic Analysis of Space Transportation Supplied From NEO Resources,” was funded with a $100,000 grant from NASA’s Innovative Advanced Concepts (NIAC) program.

“The Stepping Stones economic analysis of space transportation supplied from near-Earth object (NEO) resources demonstrates the potential to break the tyranny of increasing space transportation costs created by dependence on Earth-based resources, particularly propellant,” the report states.

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“Our first principle, therefore, is that corporations should search for projects that generate economic benefits for themselves while creating socioeconomic gains for all other actors in the new ecosystem.”

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Everyone likes a good mystery. After all, who isn’t fascinated with Sherlock Holmes or the Hardy Boys? The thirst to explore a mystery led us to the New World, to the ocean depths and into space.

One of the great mysteries of the past decade is the identity of Satoshi Nakamoto, the inventor of Bitcoin and the blockchain. Some have even stepped forward in an effort to usurp his identity for fame, infamy or fortune. But in this case, we have a mystery in which the subject does not wish to be fingered. He prefers anonymity.

This raises an interesting question. What could be achieved by discovering or revealing the identity of the illusive Satoshi Nakamoto?…

The blockchain and Bitcoin present radically transformative methodologies with far ranging, beneficial impact on business, transparency and social order.

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Experts in artificial intelligence say the world is unprepared for the enormous changes automation is bringing to the global economy. Some say artificial intelligence could help us create an almost perfect world. But they also warn it could lead to the collapse of democracy and civilisation within a generation. Al Jazeera’s Laurence Lee reports from London.

Source: Al Jazeera English

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China has unveiled three-year plans to increase the country’s economic competitiveness by developing “key technologies” in nine industrial sectors, from robotics to railways.

Other areas include smart cars, robotics, advanced shipbuilding and maritime equipment, modern agricultural machinery, advanced medical devices and drugs, new materials, smart manufacturing and machine tools.

The aim is “to make China a powerful manufacturing country” and upgrade the nation’s industrial power through “the internet, big data and artificial intelligence”, the commission said.

Continue reading “China’s latest plans to dominate robot, smart car and railway industries by 2020” »

The Canadian Space Agency (CSA) has awarded $1.85M contract to the University of Waterloo for the Quantum Encryption and Science Satellite (QEYSSat) mission.

The QEYSSat mission was one of two projects cited in the 2017 budget when it was unveiled in March of this year. In April, the government sent Innovation Science and Economic Development (ISED) Minister Navdeep Bains to the CSA’s headquarters to formally announce the funding for the QEYSSat mission along with funding for a radar instrument that will be developed for a future orbiter mission to Mars and to announce the Canadian CubeSat Project. The $80.9M of funding would be over five years.

A short history of the QEYSSat mission.

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Bitcoin has many characteristics of a currency. It is portable, fungible, divisible, resistant to forgery, and it clearly has value. Today, that value came close to $20,000 per coin. Whether it has ‘intrinsic value’ is somewhat of a moot question, because the US dollar hasn’t exhibited this trait since 1972. Today, economists don’t even recognize the intrinsic value of gold—beyond a robust, international, supply-demand network.

Lately, Bitcoin is failing as a viable currency, at least for everyday consumer transactions. The settlement of each transaction is bogged down with long delays and a very high cost. The situation has become critical because of squabbling between miners, users and developers over how to offer speed transactions or lower the cost of settlement. Bitcoin forks and altcoins such as Dash and Bitcoin Cash demonstrate that these technical issues have solutions. Since Bitcoin is adaptable, I believe that these issues are temporary.

But an interesting question is not whether Bitcoin will eventually become a consumer currency. it is whether Bitcoin can distinguish itself as a store of value, rather than just an instrument for payment or debt settlement. After all, a Visa credit card, a traveler’s check and an Amazon gift card can all be used in retail payments, but none of them have value unless backed by someone or something. US Dollars on the other hand are perceived as inherently valuable. They carry the clout and gravitas of institutions and populations, without users questioning from where value arises. (This is changing, but bear with me)…

What about Bitcoin? Does owning some bitcoin represent a store of value? Yes: It absolutely does!

Continue reading “Is Bitcoin a Store of Value?” »

In an April 2014 article, I demonstrated how one might approach a fair Bitcoin valuation.

• Original Methodology: What fraction of the daily float
  needed to support daily global commerce will Bitcoin capture?

My methodology was based on the demand that Bitcoin would generate if it displaced a small fraction of cash and credit used for retail and commercial payments around the world. At the time, Bitcoin had a value of USD $450. I estimated that if it captured 5% of global payments, it would have a fair value of about $10,000/BTC (I didn’t complete the calculation—I left that up to the reader. That’s because I was concerned that publishing such a prediction would cause me to lose credibility as an economist and blogger. For what it is worth, I also predicted that a rise to $10,000 would take 5~8 years.

As you might imagine, my friends and family urged me to unload my BTC investment. The April 2014 price of $450/BTC seemed very high to most armchair analysts. After all, thirteen months earlier, it had been just $45.

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That might not be a bad thing.

V isitors to Henn-na, a restaurant outside Nagasaki, Japan, are greeted by a peculiar sight: their food being prepared by a row of humanoid robots that bear a passing resemblance to the Terminator. The “head chef,” incongruously named Andrew, specializes in okonomiyaki, a Japanese pancake. Using his two long arms, he stirs batter in a metal bowl, then pours it onto a hot grill. While he waits for the batter to cook, he talks cheerily in Japanese about how much he enjoys his job. His robot colleagues, meanwhile, fry donuts, layer soft-serve ice cream into cones, and mix drinks. One made me a gin and tonic.

H.I.S., the company that runs the restaurant, as well as a nearby hotel where robots check guests into their rooms and help with their luggage, turned to automation partly out of necessity. Japan’s population is shrinking, and its economy is booming; the unemployment rate is currently an unprecedented 2.8 percent. “Using robots makes a lot of sense in a country like Japan, where it’s hard to find employees,” CEO Hideo Sawada told me.

Continue reading “Robots Will Transform Fast Food” »