Lifeboat Foundation

Today, economist and Nobel laureate, Paul Krugman, wrote in the New York Times, that Bitcoin is taking us back 300 years in monetary evolution. As a result, he predicts all sorts of bad things.

A significant basis for Mr. Krugman’s argument is that the US dollar has value because men with guns say it does.

Is Bitcoin erasing 300 years of monetary evolution?

Running with the metaphor that fundamental change to an economic mechanism represents ‘evolution’, I think a more accurate statement is that Bitcoin is not erasing the lessons of history. Rather, it is the current step in the evolution of money. Of course, with living species, evolution is a gradual process based on natural selection and adaptation. With Bitcoin, change is coming up in the rear view mirror at lightning speed.

Continue reading “Is Bitcoin Erasing 300 years of Monetary Evolution?” »

Companies like to flaunt their use of artificial intelligence to the point where it’s virtually meaningless, but the truth is that AI as we know it is still quite dumb. While it can generate useful results, it can’t explain why it produced those results in meaningful terms, or adapt to ever-evolving situations. DARPA thinks it can move AI forward, though. It’s launching an Artificial Intelligence Exploration program that will invest in new AI concepts, including “third wave” AI with contextual adaptation and an ability to explain its decisions in ways that make sense. If it identified a cat, for instance, it could explain that it detected fur, paws and whiskers in a familiar cat shape.

Importantly, DARPA also hopes to step up the pace. It’s promising “streamlined” processes that will lead to projects starting three months after a funding opportunity shows up, with feasibility becoming clear about 18 months after a team wins its contract. You might not have to wait several years or more just to witness an AI breakthrough.

Continue reading “DARPA pushes for AI that can explain its decisions” »

This innovative new technique makes tattoos more than just decoration 💉.

For over a century science fiction filmmaking has presented us with depictions of our future cities. Some have been bright, shiny and positive, while others have been dark, dirty and rough. As we look forward to a 21st century filled with massive mega-cities, and extraordinary technological innovation, we must ask how are our science fiction visions influencing the cities we build, and what can we learn from some of these prescient fictional texts?

August 17th sees our friends at UC Berkeley hosting an aging research summit which is shaping up to be pretty interesting.

Please join us for a day of speakers, awards, poster sessions, and valuable networking focused on cutting-edge aging research and technologies. Our aim is no less than to reimagine aging and elder care. A percentage of the proceeds from this event will support scholarships for students interested in research on aging & elder care…

Who wants to live forever? Thanks to these scientific breakthroughs, increased lifespans and reverse aging could be possible.

Interesting how this drone universe is heading…

Redesigning tiny motors and limbs could make microbots a reality.

Two weeks ago Abacus examined the extent to which China lags behind the world’s advanced economies in technological innovation, and looked at Beijing’s aim of closing the gap and taking the lead in key emerging technologies.

Some techniques Beijing will use are similar to past episodes of industrial planning. Others are newer, reflecting China’s recently acquired economic strength and confidence.

By Tom Holland

Continue reading “The tools – and weapons – China can use for tech supremacy” »

A new infrared instrument on a telescope in Hawaii will let astronomers find more exoplanets orbiting red dwarf stars. The discoveries may include rocky worlds that are potentially habitable.