“[T]he United States needs a more systematic way to help its bottled-up new-science innovators deliver their ideas to the world.”
Cryptocurrency aficionados have been discussing Bitcoin limitations ever since the blockchain buzz hit the street. Geeks toss around ideas for clearing transactions faster, resisting potential attacks, rewarding miners after the last coin is mined, and supporting anonymity (or the opposite—if you lean toward the 
dark side). There are many areas in which Bitcoin could be improved, or made more conducive to one camp or another.
Distinguished Penn State professor, John Carroll, believes that Bitcoin may eventually be marginalized due to its early arrival. He believes that its limitations will eventually be overcome by newer “altcoins”, presumably with improved mechanisms.
So, does progress in any of these areas threaten the reigning champ? It’s unlikely…
More than any other individual, Andreas Antonopoulos is the face of Bitcoin. We discussed this very issue in the outer lobby of the MIT Bitcoin Expo at which he was keynote speaker (March 2015). Then, we discussed it again, when I hosted his presentation at The Bitcoin Event in New York (also in March). He clearly and succinctly explained to me why it is unlikely that an altcoin will replace Bitcoin as the dominant—and eventually surviving—cryptocurrency…
Continue reading “Could Bitcoin be Dethroned by an Altcoin?” »
“Can tech companies really offer better experiences than the taqueria, flower shop or dry cleaner down the street, while taking a cut for themselves? Not necessarily. Quality control is a challenge when the supervisor is just software.
Game-changing technologies can be a waste of money or a competitive advantage. It depends on the technology and the organization.
It seems like the term “game-changing” gets tossed around a lot lately. This is particularly true with respect to new technologies. But what does the term mean, what are the implications, and how can you measure it?
With regarding to what it means, I like the MacMillan dictionary definition for game-changing. It is defined as “Completely changing the way that something is done, thought about, or made.” The reason I like this definition is it captures the transformational nature of what springs to mind when I hear the term game-changing. This should be just what it says. Not just a whole new ball game, but a whole new type of game entirely.
Every industry is unique. What is a game-changer for one, might only be a minor disruption or improvement for another. For example, the internal combustion engine was a game-changer for the transportation industry. It was important, though less of a game-changer for the asphalt industry due to secondary effect of increased demand for paved roads.
‘New Narratives: Innovation for Jobs’ is a series by i4j (Innovation for Jobs) and the GPA exploring perspectives on important topics that will impact the future of work, jobs and employment.
About i4j: (iiij.org/i4j) Innovation for Jobs conferences bring together individuals from the public and private sectors to discuss the changing economy. “We engage in initiatives creating structures for developing shared language across silos. The starting point for any innovation is the creation of shared language, enabling stakeholders and change agents to interact horizontally.”
This film was created at the Mountain View 2015 i4j Conference. What are your hopes and fears about the future of meaningful work?
One of the things that I’ve always liked about Star Trek, is the concept of a galaxy spanning civilization. I would expect that before we ever get to that point, we will have a civilization that spans our solar system. Having a solar system spanning civilization has many advantages. It would give us access to resources many times greater than what is found here on Earth. It also provides the opportunity for civilization to expand, and in a worst case scenario, help ensure the survival of humanity.
Millions of people living in spacious environmentally controlled cities on planetary surfaces and in rotating cylinders in free space, with industry that extends from Mercury to the comets is to me, a grand vision worthy of an ambitious civilization. But trying to make that vision a reality will be difficult. The International Space Station has the capacity to house just six people and cost approximately $100B to put in place. With a little simple division, that works out to about $17B per inhabitant! If we used that admittedly crude figure, it would cost $17 trillion to build a 1,000 person habitat in Earth orbit. Clearly, the approach we used to build the ISS will not work for building a solar system civilization!
The ISS model relies on building everything on Earth, and launching it into space. A different model championed by Dr. Philip Metzger, would develop industrial capacity in space, using resources close to home, such as from the Moon. This has the potential to greatly reduce the cost of building and maintaining systems in space. But how to develop that industrial capacity? Remember we can’t afford to launch and house thousands of workers from Earth. The answer it would seem, is with advanced robotics and advanced manufacturing.
But is even this possible? The good news is that advanced robotics and advanced manufacturing are already being rapidly developed here on Earth. The driver for this development is economics, not space. These new tools will still have to be modified to work in the harsh environment of space, and with resources that are different from what are commonly used here on Earth. While learning to adapt those technologies to the Moon and elsewhere in the solar system is not trivial, it is certainly better that having to develop them from scratch!
Quoted: “Ethereum’s developers believe their project will lead to the proliferation of programs they call “smart contracts,” in which the terms of an agreement are written in code and enforced by software. These smart contracts could carry out the instructions of a complex algorithm based on data feed—such as a stock ticker. They could facilitate practically any financial transaction, such as holding money in escrow or dispersing micropayments among autonomous machines. They could be used to create a peer-to-peer gambling network, a peer-to-peer stock trading platform, a peer-to-peer social network, a prenuptial agreement, a will, a standard agreement to split a dinner check, or a public registry for keeping track of who owns what land in a city.
Gupta predicts that these smart contracts will be so cheap and versatile that they’ll do “a lot of things that today we do informally,” and take on a lot of the “donkey work of running a society.””
Read the article here > http://reason.com/blog/2015/03/19/here-comes-ethereum-an-information-techn
Quoted: “DNotes can best be characterized, as a second generation Bitcoin alternative digital currency. It objectively studied Bitcoin’s strengths and weaknesses as well as threats and opportunities. DNotes was created on February 18, 2014 with an objective to meet the full functions of fiat currency as a unit of account, store of value and medium of exchange within three years. It decided to take a very different path since day one in building a trustworthy stable digital currency with reliable long term appreciation.
Central to DNotes long term strategic plan is the creation of highly scalable building blocks, as the foundation of its own ecosystem. Those strategic building blocks include CryptoMoms; a currency neutral site dedicated to encourage women participation, DNotesVault; a free secure storage for DNotes’ stakeholders with 100% deposit guarantee with verifiable funds, and CRISPs; a family of Cryptocurrency Investment Savings Plans for everyone worldwide. The core mission of CRISP is to make the savings opportunity available to everyone; from the unborn to the most senior; from the unbanked to the super rich. The opportunity for anyone to participate irrespective of financial standing, coupled with combined charity efforts will bring about much needed financial freedom for millions worldwide.”
Read more here > http://www.pressreleaserocket.net/bitcoin-alternative-dnotes…ce/109719/
Quoted: “At the event, CEO Bill Barhydt said: “Our mission with Abra is to turn every smartphone into a teller that processes withdrawals. This is not just another bitcoin app. The wallet is a full-fledged digital asset management system, and you don’t have to understand it.”
Use of the application is straightforward and relies on a network of people around the world who act as tellers, charging small fees to help people transfer money abroad. A user can deposit funds into his or her account using a debit card or by meeting up with a teller in person and handing them cash. Then those funds can be instantly — the power of Bitcoin — transferred anywhere in the world. The person receiving the money has only to find a teller, show that he or she is the recipient of the funds, and exchange the digital cash (denominated in USD) back for their local currency.”
Read the article here > https://bitcoinmagazine.com/19490/abra-announced-launch-fest…d-bitcoin/
‘New Narratives: Innovation for Jobs’ is a series by i4j (Innovation for Jobs) and the GPA exploring perspectives on important topics that will impact the future of work, jobs and employment.
Quoted: “Ethereum’s developers believe their project will lead to the proliferation of programs they call “smart contracts,” in which the terms of an agreement are written in code and enforced by software. These smart contracts could carry out the instructions of a complex algorithm based on data feed—such as a stock ticker. They could facilitate practically any financial transaction, such as holding money in escrow or dispersing micropayments among autonomous machines. They could be used to create a peer-to-peer gambling network, a peer-to-peer stock trading platform, a peer-to-peer social network, a prenuptial agreement, a will, a standard agreement to split a dinner check, or a public registry for keeping track of who owns what land in a city.
