Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: finance

A write-up on about neural lace and the future economy: https://altleft.host/zoltan-istvan-the-economy-of-the-future-will-be-powered-by-neural-lace/ #transhumanism

Zoltan Istvan, a leading Transhuman, shows us that the economic system of Technocracy needs Transhuman citizens to make it work. This is not surprising because Transhumanism and Technocracy are two sides of the same coin. ⁃ TN Editor.

The battle for the “soul” of the global economy is underway. The next few decades will likely decide whether capitalism survives or is replaced with a techno-fuelled quasi-socialism where robots do most of the jobs while humans live off government support, likely a designated guaranteed or basic income.

Many experts believe wide-scale automation is inevitable. Even the world’s largest hedge fund, Bridgewater Associates, recently announced it’s building an AI to replace its managers, many of whom are highly educated and previously thought invulnerable to automation. Robots, it seems, will manage everything. Or will they?

A next-generation technology, likely to arrive in five to 10 years, is being credited as the saviour of capitalism. Known today as neural prosthetics, or neural lace, it’s essentially tech that reads your brainwaves. This tech promises to connect our brains to the cloud and AI to link us with machines using thought alone.

Read more

Today sees the launch of the biennial UK Space Conference, taking place at Manchester Central, from 30 May through to 1 June. This year’s conference is designed to inspire, enable and connect the UK and international space community.

The multiple plenary and parallel sessions feature informative and interactive presentations, workshops and debates covering a wide range of topics from space science through to how satellite data is being used by many industries here on Earth. The programme has been designed to provide a compelling forum to discuss the changing economic and technological landscape impacting the UK space sector.

Stuart Martin, CEO of the Satellite Applications Catapult, said: “The UK Space Conference provides an invaluable opportunity for those involved or interested in the space sector to gain up-to-date information, network with peers, establish new contacts, exchange information and improve links with government, industry, academia, customers, suppliers, and the financial community.

Read more

My topic was #transhumanism and life extension. I’m hoping they might invest in these fields. Former Keynote speakers of this event include Newt Gingrich, Peter Thiel, Andre Agassi, etc. I’ll share a recording of it when I get one. http://familyofficeassociation.com/

Read more

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.

When machines control all the world’s finances and run factory floors, what will humans be left to do?

We’ll make art, says Kai-Fu Lee, a former Google and Microsoft executive who has since launched VC firm Sinovation Ventures.

“Art and beauty is very hard to replicate with AI. Given AI is more objective, analytical, data driven, maybe it’s time for some of us to switch to the humanities, liberal arts, and beauty,” Lee told Quartz editor-in-chief Kevin Delaney during a live Q&A session. “Maybe professions where it’s hard to find a job might be good to study.”

Read more

Android Pay keeps growing its network of supported institutions. The mobile payment system added as many as 71 new places where you can carry out Android Pay transactions. The complete list of new additions is available at the end of the article.

With Android Pay, both your credit card and the institution that services it must be compatible in order for the system to function. Google keeps adding new banks and merchants in order to increase its range of support. Once set up, the system works by simply tapping your phone on a payments terminal at the store. The functionality is also available in Android Wear 2.0 smartwatches.

Recently, Android Pay was updated with PayPal integration, enabling users to pay quickly using their PP balance. The service is available in 13 countries across the world.

Read more

On 5th of May, the cornerstone for the construction of a neuromorphic computing facility in Europe was laid at the University of Heidelberg in Germany. With the financial support of the European Union and German public and private institutions, the new building will house leading European researchers working on neuromorphic computing within the Human Brain Project, a FET Flagship of the European Commission.

With German and EU flags in the background, representatives from the sponsoring authorities are using shovels to throw soil to the ground where the building is going to be constructed.

With this new facility the research team from Heidelberg University, led by Prof. Dr. Karlheinz Meier, will benefit from an optimal environment to continue working on the neuromorphic computing platform, which they are developing together with other research groups within the Human Brain Project.

Read more

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.

Consumers are already beginning to adapt to TaaS with the broad availability of ride-sharing services; additionally, the report says, Uber, Lyft and Didi are investing billions developing technologies and services to help consumers overcome psychological and behavioral hurdles to shared transportation such as habit, fear of strangers and affinity for driving. In 2016 alone, 550,000 passengers chose TaaS services in New York City alone.

Read more

Creating rejuvenation will probably be quite expensive, but that’s no reason to give up on it. We can pull it off.

The first thing to realise is that, when you wonder how much something will cost, you’re actually wondering how many resources and how many people doing how much work it will take to do that something. That’s all that really matters. The problem is that we have a sucky economic system such that even if we do have more than enough people and resources to do the job, the monetary cost of it could be so high that you can’t get the job done without creating financial problems left and right. This should be a hint that the problem, if it exists, lies in our crappy economic system, not in rejuvenation itself or whatever other thing we may create.

Apart from the obvious fact that other hysterically expensive endeavours (such as space missions) are pulled off despite their costs, we must take into account that desperate circumstances call for desperate measures. We don’t need to tear apart our economic system and replace it with another before we create rejuvenation, and neither would we if faced with another health crisis (such as a pandemic) or a planetary crisis, but we need to get the job done despite its costs and the consequences they may have. We can’t give up on rejuvenation on the grounds that it may be too expensive to create, just like we wouldn’t in the case of an existential risk. Can you imagine that? There’s a huge asteroid on a collision course with Earth, and our only hope is a spectacularly expensive space mission to destroy it before it’s too late. Just who in their right mind would step up and say: ‘Nah, too expensive. Let’s not do it.

Read more