Lifeboat Foundation

At the heart of Bitcoin or any Blockchain ledger is a distributed consensus mechanism. It’s a lot like voting. A large and diverse deliberative community validates each, individual user transaction, ownership stake or vote.

But a distributed consensus mechanism is only effective and faithful if the community is impartial. To be impartial, voters must be fairly separated. That is, there must be no collusion enabled by concentration or hidden collaboration. They must be separated from the buyer and seller; they must be separated from the big stakeholders; and they must be separated from each other. Without believable and measurable separation, all sorts of problems ensue. One problem that has made news in the Bitcoin word is the geographical concentration of miners and mining pools.

A distributed or decentralized transaction validation is typically achieved based on Proof-of-Work (POW) or Proof-of-Stake (POS). [explain]. But in practice, these methodologies exhibit subtle problems…

The problem is that Proof-of-Work can waste an enormous amount of energy and both techniques result in a concentration of power (either by geography or by special interest) — rather than a fair, distributed consensus.

Continue reading “Distributed Objective Consensus: Beyond POW & POS” »

A revolutionary new concept for a fusion powered rocket could not only deliver an orbiter to Pluto but a lander too!

This video represents a research study with…in the NASA Innovative Advanced Concepts (NIAC) program. NIAC is a visionary and far-reaching aerospace program, one that has the potential to create breakthrough technologies for possible future space missions. However, such early stage technology development may never become actual NASA missions. For more information about NIAC, visit: www.nasa.gov/niac.

This innovative trash can turns food waste into fertilizer.

For fellow innovators and private scientists who dream and believe in your dream.

Rule 3: Their Ideas Look Like Failure In The Beginning

When innovators share what they’re working on early in the process, they open the floodgates to premature criticism. This is only natural considering that innovation stems from a singular vision that no one else sees yet.

Continue reading “Five Rules That Define The Technology Innovator” »

Research can seem bland to us laypersons. But, Marko Vukolić shares many of my research interests and he exceeds my academic credentials (with just enough overlap for me to understand his work). So, in my opinion, his writing is anything but bland…

Vukolić started his career as a post-doc intern at IBM in Zurich Switzerland. After a teaching stint as assistant professor at Eurecom and visiting professor at ETH Zurich, he rejoined the IBM research staff in both cloud computing infrastructure and the Blockchain Group.*

As a researcher and academic, Vukolić is a rising star in consensus-based mechanisms and low latency replicated state machines. At Institut Mines-Télécom in Paris, he wrote papers and participated in research projects on fault tolerance, scalability, cloud computing and distributed trust mechanisms.

Now, at IBM Zurich, Vukolić has published a superior analysis addressing the first and biggest elephant in the Bitcoin ballroom, Each elephant addresses an urgent need:

Continue reading “Blockchain Scalability: Proof-of-Work vs BFT Replication” »

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One day this century, a robot of super-human intelligence will offer you the chance to upgrade your mind, says AGI expert Ben Goertzel. Will you take it?

This will be the last invention humanity needs, says Ben Goertzel.