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Chinese Government launches in the coming weeks their new Quantum Satellite which advances their networks, communications, etc. The question remaining is with Chinese Government backed hackers; what will they do on this technology.


Discussion in ‘China & Far East’ started by onebyone, Jul 27, 2016 at 8:26 PM.

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960

“An increasing number of US landowners want to build commune-style villages that are completely self-sufficient and have a low carbon footprint”

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Russia has agreed to build a nuclear-powered aircraft carrier jointly with India.

According to sources close to the Indian Navy, Kremlin recently sent a letter to the Indian Defence Ministry in which the offer was made. A senior Navy officer told the press: “A Russian military delegation offered India the Project 23000E ‘Storm’ (E stands for export-oriented, Eksportny) heavy aircraft carrier several weeks ago.” The officer, who wished to remain anonymous, said that the Narendra Modi government was considering the offer and would make a final decision soon.

Speaking at a press conference in the Indian capital a couple of days ago, the officer said: “The surface combatant is known to have a full displacement of about 100,000 tonnes and a price of about USD 5.7 billion. The proposed carrier has been jointly developed by the Krylov State Research Centre (KGNC) and the Nevskoye Design Bureau (NPKB), a subsidiary of the United Shipbuilding Corporation. The building of the Project 23300 ‘Storm’ aircraft carrier is supposed to take about 10–11 years.”

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Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero.


People are concerned about how AI and robotics are taking jobs, destroying livelihoods, reducing our earning capacity, and subsequently destroying the economy.

In anticipation, countries like Canada, India and Finland are running experiments to pilot the idea of “universal basic income” — the unconditional provision of a regular sum of money from the government to support livelihood independent of employment.

But what people aren’t talking about, and what’s getting my attention, is a forthcoming rapid demonetization of the cost of living.

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Transhumanists will know that the science fiction author Zoltan Istvan has unilaterally leveraged the movement into a political party contesting the 2016 US presidential election. To be sure, many transhumanists have contested Istvan’s own legitimacy, but there is no denying that he has generated enormous publicity for many key transhumanist ideas. Interestingly, his lead idea is that the state should do everything possible to uphold people’s right to live forever. Of course, he means to live forever in a healthy state, fit of mind and body. Istvan cleverly couches this policy as simply an extension of what voters already expect from medical research and welfare provision. And while he may be correct, the policy is fraught with hazards – especially if, as many transhumanists believe, we are on the verge of revealing the secrets to biological immortality.

In June, Istvan and I debated this matter at Brain Bar Budapest. Let me say, for the record, that I think that we are sufficiently close to this prospect that it is not too early to discuss its political and economic implications.

Two months before my encounter with Istvan, I was on a panel at the Edinburgh Science Festival with the great theorist of radical life extension Aubrey de Grey, where he declared that people who live indefinitely will seem like renovated vintage cars. Whatever else, he is suggesting that they would be frozen in time. He may actually be right about this. But is such a state desirable, given that throughout history radical change has been facilitated generational change? Specifically, two simple facts make the young open to doing things differently: The young have no memory of past practices working to anyone else’s benefit, and they have not had the time to invest in those practices to reap their benefits. Whatever good is to be found in the past is hearsay, as far as the young are concerned, which they are being asked to trust as they enter a world that they know is bound to change.

Questions have been already raised about whether tomorrow’s Methuselahs will wish to procreate at all, given the time available to them to realize dreams that in the past would have been transferred to their offspring. After all, as human life expectancy has increased 50% over the past century, the birth rate has correspondingly dropped. One can only imagine what will happen once ageing can be arrested, if not outright reversed!

So, where will the new ideas of the future come from? The worry here is that society may end up being ruled by people with overlong memories who value stability over change: Think China and Japan. But perhaps the old Soviet Union is the most telling example, as its self-consciously revolutionary image gradually morphed into a ritualistic veneration of the original 1917 revolutionary moment. To these gerontocratic indicators, the recent UK vote to leave the European Union (‘Brexit’) adds a new twist. There were some clear age-related patterns in the outcome: The older the voter, the more likely to vote to leave – and the more likely to vote at all. To be sure, given the closeness of the vote (52% to leave vs. 48% to remain), had the young voted in comparable numbers to their elders, Brexit would have lost.

One might think that the simple solution is to encourage, if not force, the young to vote in larger numbers. However, this does not take into account the liabilities of their elders when it comes to dictating the terms for living in the future. Whatever benefits might accrue to people living longer, the clarity of the memories of such people may not be an unmitigated good, as it might incline them to perpetuate what they regard as the best of their own pasts. One way around this situation is to weight votes inversely to age. In other words, the youngest voters would effectively get the most votes and the oldest voters the least. This would continually force the elders to make their case in terms that their juniors can appreciate. The exercise would serve to destabilize any sense of nostalgia that members of the same generation might experience simply by virtue of having experienced the same events at the same age.

However, two technologically based solutions also come to mind. One is for the elderly to be subject to the strategic memory loss procedure described in the film, The Eternal Sunshine of the Spotless Mind, which might be understood as a the cognitive correlate of an inheritance tax – or even a high-class lobotomy! In other words, the elders would lose their personal attachment to events which would nevertheless remain available in the historical record for more detached scrutiny vis-à-vis their lessons for the future. The other, more drastic solution involves incentivizing the elders to exchange biological for digital immortality. This would enable them to enjoy a virtual existence in perpetuity. They might be resurrected (‘downloaded’) on a regular or simply a need-to-remember basis, depending on prior contractual arrangements. The former might be seen as more ‘religious’, as in a Roman Catholic feast day, and the latter more ‘secular’, as in an ‘on tap’ consultant. But in either virtual form, the elders could retain their attachment to certain past events with impunity while at the same time not inflicting their memories needlessly on present generations.

David Wood, the head of the main UK transhumanist organization, London Futurists, has recently published a summa of anti-ageing arguments, which makes a cumulatively persuasive case for indefinite life extension being within our grasp. But most assuredly, this would create as many social problems as it solves biological ones. Under most direct threat would be the sorts of values historically associated with generational change, namely, those related to new thinking and fresh starts. Of course, as I have suggested, there are ways around this, but they will invariably revive in a new high-tech key classic debates concerning the desirability of brainwashing and suicide.

Experts at Adelaide’s Flinders University have made an Alzheimer’s breakthrough that may result in world’s first dementia vaccine. Developed by Australian and US scientists, this vaccine may not only prevent but also reverse early stages of Alzheimer’s, the most common form of dementia.

The Alzheimer’s vaccine may be tested on humans within the next two to three years after being bankrolled by the US Government. Scientists from Flinders University and America’s Institute of Molecular Medicine and University of California developed the vaccine by targeting proteins in the brain that block neurons.

The formula targets tau proteins and abnormal beta-amyloid that cause Alzheimer’s. The scientists are confident that the vaccine would eventually be used as preventative vaccine. According to Flinders University medicine professor Nikolai Petrovsky, the proteins must be removed from the brain as Alzheimer’s, and dementia sufferers have lots of these broken down proteins inside.

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I was asked this at Quora.com, where I answer questions under the pen name, ‘Ellery’. But the query deserves a companion question, and so I approached the reply by answering two questions.


You might have asked “Why was Bitcoin designed to have a cap?” But, instead, you asked “Why is the cap set at 21 million bitcoins”. Let’s explore both questions starting with the choice of a circulation cap…

Why set the cap at 21 million BTC?

The choice of a cap number is arbitrary and in fact, it could be 1 or it could be 1 hundred trillion. It makes no difference at all and it has no effect on the economy—even if Bitcoin were to be adopted as a currency all over the world. If it were set to 1 BTC, we would simply discuss nano-BTC instead of 1 BTC for amounts of about $650.

In fact, we already do this today. For many purposes, people are concerned with very small payments. And to best discuss these payments, we have the Satoshi. There are 100,000 Satoshi to each bitcoin (BTC).

What is important, is that the total number of bitcoin (regardless of how many units there are) can be divided into very tiny fractions. That way, the total worldwide supply can be divided into smaller and smaller slivers as market adoption gains traction. Everyone needs to earn, save, spend or pay with a piece of the pie. All users need to know is what fraction of the pie do I control? and not how many ounces, pounds, Kg, or tons is the pie. That is just a number.

Incidentally, the same could be said of gold (it can be shaved very thin), but gold is not quite like computer bits. It has industrial and cosmetic value, and this intrinsic demand for gold (beyond it’s role as a pure monetary instrument) has an effect on supply and demand along with the influence of investment, circulation, savings and reserve.

Why is there a cap at all?

At the beginning of this answer, I suggested another question: Why is Bitcoin capped at all? After all, the monetary supply in every country grows. Even gold production is likely to continue for centuries to come. Why not Bitcoin?

Satoshi designed Bitcoin to eventually become a deflationary currency. I believe that he/she recognized inflation is an insipid tax that constitutes an involuntary redistribution of earned wealth. With a firm cap on the total number of units that exist, governments can still tax, spend and even enforce tax collection. They can go about business building bridges, waging war and providing assistance to the needy. But without a printing press in the hands of transient politicians, they can only spend money with the consent of their constituents and residents.

Of course, they could borrow money by issuing bonds. But with a capped currency, each creditor would earnestly believe in the will and ability of the country to repay its debts.

In effect, monetary policy is restricted to the business of the governed, but the money itself is not coined by a domestic treasury. It is the province of something that is far more certain than a human institution. It arises from pure math. It is open and transparent. In effect, everyone is an auditor. That’s because the bookkeeping is crowd sourced.

For prescient legislators and national treasurers, Bitcoin presents far more of an opportunity than a threat. It is good for both government, business and consumers, because it forces everyone to be open and honest. Ultimately, it builds trust in government, because no one can cook the books, water down wealth, or print their way out of debt.

What about recession. Isn’t it a result of deflation?

Deflation doesn’t lead to recession. Rather, it sometimes accompanies a recession. Recession is caused by an uncertain job market, war, a massive supply chain interruption or political upheaval. In one way or another, it boils down to a lack of confidence sparked by one of the economy’s core foundations: consumers, investors, business or creditors.

Bitcoin as currency removes a major impediment to confidence. By creating a system that cannot be rigged, it fosters trust in government along with an open and transparent treasury.


Philip Raymond co-chairs CRYPSA and was MC at The Bitcoin Event in New York. He writes for Quora, LinkedIN, Wild Duck and Lifeboat Foundation, where he sits on the New Money Systems Board.