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What will be interesting most about block chaining is when more countries drop their own traditional currency models & move to block chaining like one of the countries in Africa announced 2 weeks ago. I do know that many 2nd & 3rd world countries are finding electronic currency more appealing due to the Central Bank’s policies; however, what will be the impacts at the end of the day felt across the world as more and more 2nd & 3rd world markets switch their models. Immediately, we see risks with central banks; the question is where else (WBO, WTO, US, etc)


Many countries have experimented with price fixing and central planning over the last century. Right now, Venezuela’s government is fixing the prices of many products. This has resulted in widespread shortages of goods which we, as the lucky inhabitants of semi-free economies, take for granted.

Price fixing has failed in every area of the economy in which it has been tried. But while few serious economists would suggest that we have a team of bureaucrats set the price of rubber, wheat or coffee, we do have one sphere of the economy which is still centrally planned – our monetary system. This will fail just like all central planning fails. We are now moving into a dangerous new phase of price fixing by central banks. Having failed to stimulate economies with years of zero per cent interest rates, they are now discussing the prospect of negative interest rates (and some have even introduced them), the reductio ad absurdum of modern monetary economics.

Economist Friedrich von Hayek won the Nobel Prize in Economics in 1974 for his exposition of how central banks’ manipulation of money and interest rates causes distortions to the market and generates the boom bust cycle. He also wrote several papers in the 1970s on how allowing companies to issue their own private money would be the only long-term solution. If people could choose which money to use, it is highly unlikely that they would go with that which is routinely debased by the government or used for wild credit expansion by the banking sector.

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However, one also must look at the past for insights and guidance on things that were done wrong to ensure bad history is not repeated.

Therefore, let me share with you a part of history that we need to be aware of and protect our future from ever repeating again.

Many folks have never heard of Poor Farms in the South and Poor Houses in some parts of the Midwest. Before soc. Security and Welfare we had poor farms/ houses. They date from the late 1800s until 1930s.

Poor farms/ houses were often filled with the elderly and others that had no money or anyone to take care them. People often worked the land for 16+ hours days, dressed in rags, and had very little to eat. Once you were there you could not leave ever until you died.

My grandfather always taught us that if Social Security and Welfare were ever eliminated, that a model of Poor Farms/ houses would return.


Poorhouses promised to be a much more efficient and cheaper way to provide relief to paupers.

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Cotton Candy’s new inspiration.


Scientists are now able to spin a three-dimensional slab of gelatin that contains a microvascular network, something very like our capillaries, using a cotton candy-esque machine.

What do cotton candy and artificial organs have in common? More than you might think.

Leon Bellan, assistant professor of mechanical engineering at Vanderbilt University, is using a cotton candy machine to spin out networks of tiny threads comparable in size, density, and complexity to the patterns formed by capillaries.

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Interesting. What do you think of this?


A mammal brain has been defrosted from cryogenic storage in an almost perfect state for the first time. This breakthrough, accomplished using a rabbit brain, brings us one – albeit tiny – step closer to the prospect of reanimating a human brain that has been cryogenically preserved.

After death, organs begin to decay, but we can delay this by cooling these tissues, just like freezing food. But in the same way that a frozen strawberry becomes soggy when defrosted, it is difficult to perfectly preserve mammals at cold temperatures. We, and strawberries, contain large amounts of water, which freezes into ice crystals that damage cells.

Cryoprotectants can prevent this ice damage, working like medical-grade antifreezes and preventing organs from freezing. This works in small worms and rabbit kidneys, but it needs to be administered quickly, which usually causes brains to dehydrate and shrink.

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“We will find new things everywhere we look.” –Hunter S. Thompson

At the rate of 21st century technological innovation, each year brings new breakthroughs across industries. Advances in quantum computers, human genome sequencing for under $1,000, lab-grown meat, harnessing our body’s microbes as drugs, and bionic eye implants that give vision to the blind —the list is long.

As new technologies push the boundaries of their respective industries, fields are now maturing, growing, and colliding with one another. This cross-pollination of ideas across industries and countries has changed the world—and will continue to—and it’s one of the reasons Singularity University exists.

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Researchers at the University of Minnesota have engineered a new synthetic biopathway that can more efficiently and cost-effectively turn agricultural waste, like corn stover and orange peels, into a variety of useful products ranging from spandex to chicken feed.

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Moley Chef Robots reappearing again today across the web. These do hold a lot of opportunity for restaurant franchises as well as homes. However, AI in a business has a break even point before the investment is no longer a wise or sound investment.

Always step back and look at the bigger picture 1st (e.g. look at all costs & any risks/ liabilities). Look at initial purchase/ lease costs, any write off/ depreciation opportunities, know your customer & your brand (if your restaurant is because of your master chef then a robot is a line chef which you consider how much your spending on a line chef as well as replacing them v. a robotic chef), know your local food & safety regs. Never good to put in a series of robotic chefs and local ordinances and city committees pass restrictions that forces you to de-install your $60K robot after 1 or 2 yrs.


Moley Robotics is the company behind creating an electronic chef that mimics the hand movements of actual cooks.

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Robots aren’t exactly known for their delicate touch, but soon, the stereotype of the non-gentle machine may change. Scientists say they have managed to develop a robot with “a new soft gripper” that makes use of a phenomenon known as electroadhesion — which is essentially the next best thing to giving robots opposable thumbs. According to EPFL scientists, these next-gen grippers can handle fragile objects no matter what their shape — everything from an egg to a water balloon to a piece of paper is fair game.

This latest advance in robotics, funded by NCCR Robotics, may allow machines to take on unprecedented roles. “This is the first time that electroadhesion and soft robotics have been combined together to grasp objects,” said Jun Shintake, a doctoral student at EPFL. Potential applications include handling food, capturing debris (both in space and at home), or even being integrated into prosthetic limbs.

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