Blog

Archive for the ‘economics’ category

Oct 7, 2018

Ric Edelman: Bitcoin will be an asset class

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, government, innovation

Kudos to WallStreet analyst and advisor, Ric Edelman. He drank the Kool-Aid, he understands a profound sea change, and he sees the ducks starting to line up.

Check out the clearly articulated interview, below, with Bob Pisani at the New York Stock Exchange and legendary Wall Street advisor, Ric Edelman, (Not my term…That’s what CNBC anchor, Melissa Lee, calls him). Read between the lines, especially the last words in the video, below.

Ric Edleman has just joined Bitwise as both investor and advisor. This lends credibility and gravitas to the organization that created the world’s first cryptocurrency index fund. Bitwise benefits from Edelman’s affiliation, because the US has been slow (some would say “cautious”) in recognizing the facts on the ground: Cryptocurrency is already an asset class.

Edelman fully embraces a strong future for Bitcoin—not just as a currency or payment instrument, but as a legal and recognized asset class; one that is at the starting line of a wide open racetrack. He explains that the SEC sets a high bar for offering a Bitcoin ETF, but that this will be achieved. It will pave the way for large institutions, pension funds, etc to allocate a portion of money under management for blockchain products.

Continue reading “Ric Edelman: Bitcoin will be an asset class” »

Oct 3, 2018

Jeff Bezos plans to build and launch a ‘large lunar lander’ in his quest to colonize space

Posted by in categories: economics, robotics/AI, space travel

Jeff Bezos, the richest person on Earth, is designing a spacecraft to land on the moon with his rocket company, Blue Origin. The “Blue Moon” robot is expected to deliver several metric tons of supplies to the surface, though Blue Origin is working with others to establish a larger lunar economy.

Read more

Sep 27, 2018

Will the US Military Space Force’s Reach Extend to the Moon?

Posted by in categories: economics, government, military, space travel

Just how valuable is that stretch of space between Earth and the moon’s orbit? Might this celestial real estate become hot property as an extension of military arenas in low Earth orbit, medium Earth orbit, and geosynchronous orbit?

Given forecasts of 21st-century activity on and around the moon by both private and government entities, could this be an economic area of development that needs protection in sthe years and decades to come? [In Photos: President Donald Trump and NASA].

Read more

Sep 27, 2018

DNA Money Edit: Telecom sector awaits a turnaround

Posted by in categories: biotech/medical, business, economics, employment, finance, government, health, internet, policy, robotics/AI

The new digital communications policy (NDCP) 2018, approved by the Cabinet on Wednesday, looks too good to believe. It has promised to create an additional four million jobs in five years and reskill another one million people in new-age skills and sectors such as 5G LTE and artificial intelligence. Six lakh villages will be connected which will eventually lead to creating jobs and several earning avenues such as managing WiFi hotspots and laying optical fibre, among others. The policy will give an impetus to the job market.

NDCP is bound to create a massive infrastructure and help the debt-ridden telecom sector emerge from its current turbulence. The policy document envisages the reduction in levies and ease of doing business, and this will help restore the financial health of the long-bleeding sector. The focus will be on the proliferation of telecom services and facilitating low-cost financing. The government’s ambitious plan of Digital India will get a booster shot. Thanks to the promise of 50 Mbps speed in the broadband connection, the consumer will be the ultimate beneficiary.

Plans are afoot to reform the licensing and regulatory regime to facilitate investments and innovation, besides promoting ease of doing business. The success of the policy will depend on the execution of the policy.

Continue reading “DNA Money Edit: Telecom sector awaits a turnaround” »

Sep 25, 2018

Disruption Experience Nails It

Posted by in categories: bitcoin, cryptocurrencies, economics, education, finance, innovation, internet, policy, robotics/AI

The Disruption Experience this Friday in Singapore is a blockchain event with a difference. With apologies to the Buick commercial, this is not your grandfather’s conference

I know a few things about blockchain conferences. I produced and hosted the first Bitcoin Event in New York. My organization develops cryptocurrency standards and practices. We help banks and governments create policy and services. And as public speaker for a standards organization, I have delivered keynote presentations at conferences and Expos in Dubai, Gujarat India, Montreal and Tampa, New York and Boston.

Continue reading “Disruption Experience Nails It” »

Sep 24, 2018

How Europe can improve the development of AI

Posted by in categories: economics, employment, military, mobile phones, robotics/AI

THE two superpowers of artificial intelligence (AI) are America and China. Their tech giants have collected the most data, attracted the best talent and boast the biggest computing clouds—the main ingredients needed to develop AI services from facial recognition to self-driving cars. Their dominance deeply worries the European Union, the world’s second-largest economic power (see article). It is busily concocting plans to close the gap.

That Europe wants to foster its own AI industry is understandable. Artificial intelligence is much more than another Silicon Valley buzzword—more, even, than seminal products like the smartphone. It is better seen as a resource, a bit like electricity, that will touch every part of the economy and society. Plenty of people fret that, without its own cutting-edge research and AI champions, big digital platforms based abroad will siphon off profits and jobs and leave the EU a lot poorer. The technology also looms large in military planning. China’s big bet on AI is partly a bet on autonomous weapons; America is likely to follow the same path. Given the doubt over whether America will always be willing to come to Europe’s defence, some see spending on AI as a matter of national security.

Read more

Sep 23, 2018

Waking Up with Sam Harris — #138 — The Edge of Humanity (with Yuval Noah Harari)

Posted by in categories: economics, governance, information science, robotics/AI

James Hughes : “Great convo with Yuval Harari, touching on algorithmic governance, the perils of being a big thinker when democracy is under attack, the need for transnational governance, the threats of automation to the developing world, the practical details of UBI, and a lot more.”


In this episode of the Waking Up podcast, Sam Harris speaks with Yuval Noah Harari about his new book 21 Lessons for the 21st Century. They discuss the importance of meditation for his intellectual life, the primacy of stories, the need to revise our fundamental assumptions about human civilization, the threats to liberal democracy, a world without work, universal basic income, the virtues of nationalism, the implications of AI and automation, and other topics.

Continue reading “Waking Up with Sam Harris — #138 — The Edge of Humanity (with Yuval Noah Harari)” »

Sep 23, 2018

Liverpool could be first UK city to get a Universal Basic Income

Posted by in category: economics

The idea would mean ditching the traditional means tested benefits system.

Read more

Sep 19, 2018

Artificial intelligence can transform the economy

Posted by in categories: biotech/medical, economics, employment, finance, law, robotics/AI

Surging productivity and the general rise in incomes it brings would be welcome, of course, but that isn’t sufficient. The same questions being raised about the advance of robotics in the workplace apply to machine learning. While new jobs would be created, many existing jobs — from doctors and financial advisers to translators and call-center operators — are susceptible to displacement or much-reduced roles. No economic law guarantees that productivity growth benefits everyone equally. Unless we thoughtfully manage the transition, some people, even a majority, are vulnerable to being left behind even as others reap billions.


Whether it’s for the better and for the many is up to human intelligence.

Read more

Sep 11, 2018

Study shows medical cannabis effective in treating a wide range of health conditions

Posted by in categories: biotech/medical, economics, health

Utilizing new mobile application technology, researchers at The University of New Mexico found that medical cannabis provides immediate symptom relief across dozens of health symptoms with relatively minimal negative side effects.

In two recent studies titled, “Patient-Reported Symptom Relief Following Medical Cannabis Consumption,” and “Effectiveness of Raw, Natural Medical Cannabis Flower for Treating Insomnia under Naturalistic Conditions” published in the journals, Frontiers in Pharmacology and Medicines, respectively, UNM Department of Psychology Associate Professor Jacob Miguel Vigil and UNM Department of Economics Assistant Professor Sarah See Stith, document that patients experienced statistically and clinically significant therapeutic benefits when they used cannabis for symptoms ranging from chronic pain to insomnia.

These studies analyzed data collected with the Releaf App, developed by co-authors Franco Brockelman, Keenan Keeling and Branden Hall and currently, the largest repository of user-entered information on the consumption and effects of cannabis use in the United States with nearly 100,000 recorded user sessions.

Continue reading “Study shows medical cannabis effective in treating a wide range of health conditions” »

Page 1 of 9412345678Last