Lifeboat Foundation

At the end of October, I delivered a keynote speech at the Cryptocurrency Expo in Dubai. That was just 5 weeks ago. When I left for the conference, Bitcoin was trading at $6,300/BTC. But in the next few weeks, it reached $10,000. Last week, I liquidated part of my investment at just under $13,000/BTC. Now, Bitcoin is about to cross $16,000. (I began writing this 10 minutes ago…but it has risen another $1600.00. Now, it is $17,000).

Dear Reader: I believe in Bitcoin. Yet, there is a “But” in the last paragraph below…

I believe in Bitcoin. Its rise is not fueled solely by investor hysteria. Rather, it is a product of delayed appreciation for a radical, transformative network technology.

Continue reading “Bitcoin: up 120% in less than 2 months” »

Three new reports combine to suggest these answers: It can probably do less right now than you think. But it will eventually do more than you probably think, in more places than you probably think, and will probably evolve faster than powerful technologies have in the past.

Three new reports suggest that artificial intelligence can probably do less right now than you think. But by one estimation, up to a third of American workers will have to switch jobs by 2030 largely because of it.

Ontario intends to provide a basic income to 4,000 people in three different communities as part of an experiment that seeks to evaluate whether providing more money to people on public assistance or low incomes will make a significant material difference in their lives. How people like Button respond over the next three years is being closely watched by social scientists, economists and policymakers in Canada and around the world.

Former security guard Tim Button considers how a sudden increase in his income from an unusual social experiment has changed his life in this Canadian industrial city along the shore of Lake Ontario.

Sipping coffee in a Tim Horton’s doughnut shop, Button says he has been unable to work because of a fall from a roof, and the financial boost from Ontario Province’s new “basic income” program has enabled him to make plans to visit distant family for Christmas for the first time in years. It has also prompted him to eat healthier, schedule a long-postponed trip to the dentist and mull taking a course to help him get back to work.

Continue reading “Canada tests ‘basic income’ effect on poverty amid lost jobs” »

In this new Business Insider article, my ideas on peak labor and Universal Basic Income are pitted against MIT scientist Andrew McAfee. I’m excited to see my government shrinking Federal Land Dividend proposal getting out there. Story by journalist Dylan Love: http://www.businessinsider.com/will-universal-basic-income-s…?r=UK&IR=T #transhumanism #libertarian

Does free money change nothing or everything?

Universal basic income (UBI) is the hottest idea in social security since Franklin Roosevelt signed the New Deal in 1935, and it is fairly understood as free money given to citizens by their government. Though the idea traces its roots back to the 16th century as a “cure for theft,” UBI has gained new consideration and momentum these days, as high-profile techno-doomsayers like SpaceX founder Elon Musk point to it as an economic solution for big problems predicted to arrive soon.

Continue reading “The jury’s still out on whether universal basic income will save us from job-stealing robots” »

Most new companies fail. What does it take for young entrepreneurs around the world to thrive in a startup hub?

Click here to subscribe to The Economist on YouTube: http://econ.st/2A1ieeK

Continue reading “Welcome to the startup jungle” »

Somehow, some way, someone paid $450 million, after buyer’s fees, for Leonardo da Vinci’s Salvator Mundi at Christie’s last Wednesday. Believed to be the last work by the artist in private hands, the painting’s price smashed all previous records.

Since the price also seemed more on par with the education budget of a medium-sized country, Artsy asked a range of leaders from the arts, economics, bioethics, and development to tell us how they’d spend $450 million.

After last week’s recording-breaking sale of a Leonardo da Vinci painting, Artsy asked a range of leadersdevelopment how they’d spend $450 million.

Continue reading “How Would You Donate $450 Million? Six Leaders Weigh In” »

“Former Vice President and Chairman of Generation Investment Management, Al Gore, introduces PRI, UNEP FI and The Generation Foundation’s Fiduciary duty in the 21st century programme. The project finds that, far from being a barrier, there are positive duties to integrate environmental, social and governance factors in investment processes.”

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Furthermore, with advancements in quantum computing and machine learning, many notable public figures, including Stephen Hawking and Elon Musk, have indicated a growing concern with the imminent threat of AI surpassing human intelligence (Gosset, 2017). For instance, Darrell M. West, a political scientist, has proposed a protectionist framework that appeals to transhumanism, in which he restructures socioeconomic policy to account for changes in technology-induced unemployment. In particular, he posits that “Separating the dispersion of health care, disability, and pension benefits outside of employment offers workers with limited skills social benefits on a universal basis” (West, 2015). Expounding upon this equivocation, a more viable solution to potential unemployment is the realization of a multi-faceted policy which advocates the improvement of STEM-related education on a broad economic base, with habituation programs for the unskilled workforce. That is, with the implementation of appropriate and reformatory policies concerning the future development of AI technologies, this sector provides an economic incentive for new job creation, compatible with industrial development.

Prompt: What are the political implications of artificial intelligence technology and how should policy makers ensure this technology will benefit diverse sectors of society?

In recent years, the rapid development and mass proliferation of artificial intelligence have had various sociopolitical implications. It is a commonly held belief that the emergence of this technology will have an unprecedented impact on policies and political agendas. However, such discourse often lacks a geopolitical and social dimension, which limits the breadth of analysis. Further, little consideration has been given to potential employment and public policy reform. Growing concerns have been raised regarding the potential risk inherent in the evolution of strong AI, which provides the basis for transhumanism, whereby it is conjectured that AI will eventually be able to surpass human intelligence. As such, it is incumbent upon the upcoming generation of policymakers to implement and adopt necessary measures, which will provide a careful, multilateral framework, ultimately achieving market-oriented technological advancement with respect to employment and public policy.

Continue reading “The Policy Prognosis for AI: Winner of the SSUNS 2017 Essay Contest” »

Globally, antimicrobial resistance or AMR is becoming a core political, social and economic problem. The implications could never be more real than in Asia where, if no immediate action is taken, by 2050 about five million people are projected to die every year of conditions linked to bacterial infections resistant to antibiotics. This figure will be more than estimated cancer fatalities.

Katinka De Balogh says governments, individuals and health care professionals must all act to curb misuse before antibiotic-resistant bacteria creates a public health calamity.