Lifeboat Foundation

The full impact of self-driving cars on society is several decades away — but when it hits, the job losses will be substantial for American truck drivers, according to a new report from Goldman Sachs.

When autonomous vehicle saturation peaks, U.S. drivers could see job losses at a rate of 25,000 a month, or 300,000 a year, according to a report from Goldman Sachs Economics Research.

Truck drivers, more so than bus or taxi drivers, will see the bulk of that job loss, according to the report. That makes sense, given today’s employment: In 2014, there were 4 million driver jobs in the U.S., 3.1 million of which were truck drivers, Goldman said. That represents 2 percent of total employment.

Continue reading “Self-driving cars could cost America’s professional drivers up to 25,000 jobs a month, Goldman Sachs says” »

At the beginning of 2016, Bitcoin was fairly steady at $430. Richelle Ross predicted that it would finish the year at $650. She would have been right, if the year had ended in November. During 2016, Bitcoin’s US dollar exchange rose from $433 to $1000. In the past 2 months (March 24~May 20, 2017), Bitcoin has tacked on 114%, rising from $936 to $2000. _{[continue below image]…}

If this were stock in a corporation, I would recommend liquidating or cutting back on holdings. But the value of Bitcoin is not tied to the future earnings or property value of an organization. In this case, supply demand is fueled—in part—by speculation. Yes, of course. But, it is also fueled by a two-sided network built on the growing base of utilitarian adoption. And not just an adoption fad, but adoption that mirrors the shift in our very understanding of bookkeeping, trust and transparency.

Despite problems of growth, governance and regulation, Bitcoin is more clearly taking its place as the future of money. Even if it never becomes “legal tender” in any country—and is used only as a mechanism of payments and settlement, it is still woefully undervalued. $2000 is not an end-game. It is a beginning.

_{Philip Raymond co-chairs Crypsa & The Bitcoin Event. He is columnist & board member at Lifeboat Foundation,
editor at WildDuck and is delivering the keynote address at the 2017 Digital Currency Summit in Johannesburg.}

This is an extensive new interview on my major platform proposal to eliminate all poverty in California (and eventually the nation) and to restore the massive wealth of government resources to your wallet. Also, I’m currently calling this a Federal Land Dividend, as that name sits better with libertarians, though it is of course a new way of paying (withut raising taxes) a #basicincome to everyone. It will also massively jumpstart the economy and end the healthcare affordability issues, since everyone would be able to afford healthcare.

Zoltan Istvan is running for governor of California in 2018 and has made headlines for his proposal to develop California lands and use the revenue to form a Universal Basic Income for all California households.

Continue reading “Interview: California gubernatorial candidate proposes state-wide basic income” »

This month we look at important questions about our future: is it time to have a serious the debate about universal basic income?; the weaponisation of AI; and we review Vivek Wadhwa’s book about our unease over industrial revolution 4.0

New simulation technology is not just revolutionising gaming, it could transform the way we model everything from disease to economic markets and ecosystems.

By Chris Baraniuk

A new story out on #transhumanism:

In the Basic Income America Facebook group, Zoltan Istvan, a transhumanist who recently ran for president, shared his Wired article, Capitalism 2.0: the economy of the future will be powered by neural lace. He (along with many others) argues Wall Street, law offices, engineering firms, and more will soon be mostly void of humans.

I think I mostly agree with him. Algorithms will far surpass human ability to achieve the best possible outcomes (Nash equilibrium). Having read Super Intelligence, the Master Algorithm, The Age of Em, books on evolution, lectures, interviews, etc… I think we’re approaching an important moment in human history where we have to figure out morality so we can build it into the proto-AI children we are giving birth to. I’ve even toyed around with a fun idea related to the simulation hypothesis. Maybe we exist as a simulation, repeating the birth of AI over and over again until we figure out a way to do it without destroying ourselves or turning the universe into computonium.

Continue reading “Are You Drinking the Transhumanist Kool-Aid?” »

But there is cause for concern. Internet companies’ control of data gives them enormous power. Old ways of thinking about competition, devised in the era of oil, look outdated in what has come to be called the “data economy” (see Briefing). A new approach is needed.

A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft—look unstoppable. They are the five most valuable listed firms in the world. Their profits are surging: they collectively racked up over $25bn in net profit in the first quarter of 2017. Amazon captures half of all dollars spent online in America. Google and Facebook accounted for almost all the revenue growth in digital advertising in America last year.

Such dominance has prompted calls for the tech giants to be broken up, as Standard Oil was in the early 20th century. This newspaper has argued against such drastic action in the past. Size alone is not a crime. The giants’ success has benefited consumers. Few want to live without Google’s search engine, Amazon’s one-day delivery or Facebook’s newsfeed. Nor do these firms raise the alarm when standard antitrust tests are applied. Far from gouging consumers, many of their services are free (users pay, in effect, by handing over yet more data). Take account of offline rivals, and their market shares look less worrying. And the emergence of upstarts like Snapchat suggests that new entrants can still make waves.

Continue reading “The world’s most valuable resource is no longer oil, but data” »

Yes, this works with the financial profile of “middle class” American families.

(Tech Xplore)—RethinkX, an independent think tank that analyzes and forecasts disruptive technologies, has released an astonishing report predicting a far more rapid transition to EV/autonomous vehicles than experts are currently predicting. The report is based on an analysis of the so-called technology-adoption S-curve that describes the rapid uptake of truly disruptive technologies like smartphones and the internet. Additionally, the report addresses in detail the massive economic implications of this prediction across various sectors, including energy, transportation and manufacturing.

Rethinking Transportation 2020–2030 suggests that within 10 years of regulatory approval, by 2030, 95 percent of U.S. passenger miles traveled will be served by on-demand autonomous electric vehicles (AEVs). The primary driver of this unfathomably huge change in American life is economics: The cost savings of using transport-as-a-service (TaaS) providers will be so great that consumers will abandon individually owned vehicles. The report predicts that the cost of TaaS will save the average family $5600 annually, the equivalent of a 10 percent raise in salary. This, the report suggests, will lead to the biggest increase in consumer spending in history.

Continue reading “Analysis predicts extremely disruptive, total transition to EV / autonomous vehicles in 13 years” »

My new article at Wired UK: http://www.wired.co.uk/article/basic-economy-neural-prosthetics #Future #BasicIncome

But it’ll take more than just a mind tapped into the cloud to be widely competitive in the overall job market. Augmented limbs, bionic organs, and widespread use of exoskeleton technology will be needed to compete against robotic strength.

For years I’ve been supportive of a basic income, which would provide a monthly income for the poor – mostly because I saw it as the only logical way to keep people fed and housed, while still allowing for technological and economic evolution. Now, with neural prosthetics and upgraded bodies, I see the future may, instead, be full of capitalistic enterprise, fuelled by transhumanist technologies that allow us to more closely resemble the machines.

Continue reading “Capitalism 2.0: the economy of the future will be powered by neural lace” »