The federal government has announced the appointment of Australia’s first Women in STEM Ambassador, with Professor Lisa Harvey-Smith charged with overseeing the country’s attempt to diversify its science, technology, engineering, and mathematics sectors.
An astrophysicist professor, Harvey-Smith will specifically advocate for girls and women in STEM education and careers, aiming also to raise awareness in the male-dominated industry and drive cultural and social change for gender equity.
Governments are one of the last strongholds of an undigitized, linear sector of humanity, and they are falling behind fast. Apart from their struggle to keep up with private sector digitization, federal governments are in a crisis of trust.
At almost a 60-year low, only 18 percent of Americans reported that they could trust their government “always” or “most of the time” in a recent Pew survey. And the US is not alone. The Edelman Trust Barometer revealed last year that 41 percent of the world population distrust their nations’ governments.
In many cases, the private sector—particularly tech—is driving greater progress in regulation-targeted issues like climate change than state leaders. And as decentralized systems, digital disruption, and private sector leadership take the world by storm, traditional forms of government are beginning to fear irrelevance. However, the fight for exponential governance is not a lost battle.
Authorities in China’s far-western Xinjiang region appear to have officially legalized so-called re-education camps for people accused of religious extremism, a little more than a month after denying such centers exist.
Human rights organizations have long alleged the Chinese government has been detaining hundreds of thousands of Uyghurs — a Turkic-speaking, largely Muslim minority native to Xinjiang — in such centers as part of an effort to enforce patriotism and loyalty to Beijing in the region.
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.
At timestamp 3:39, Melissa asks Edelman “Why wait for an ETF?” and “If you believe this strongly, why not advise clients to invest a portion of assets into Bitcoin right now?”
Edelman’s response is stunning. He explains that he is frustrated, because this is what he wants to advise. But, his firm is bound by the Investment Act of 1940—and so, they cannot tell a client “Go to Coinbase” or “Invest in a private fund such as Bitwise—that I am such a big fan of. We don’t have that ability in our practice.” [i.e. until the SEC recognizes Bitcoin as an asset].
In my opinion (and in the opinion of Edleman), SEC recognition of Bitcoin as an asset can’t be far off…
It’s already happening in other countries. Reputable exchanges and index funds exist today.
Unlike a traveler’s check or Amazon gift card, it is inherently a store of value, whether or not you believe that its value is intrinsic;
The IRS already considers it an asset for tax purposes (What an odd schism in definition & treatment!)
It is legal to pay staff in Bitcoin and use it to settle debts, for any recipient that accepts it. For employees and consultants, it is a wage or stipend, just like FIAT. They can convert into cash immediately—or retain crypto it to pay their own bills)
It’s not difficult to read between the lines. Edleman makes a clear recommendation, although he can not yet advise this—certainly not on the record. His personal forecast for long term adoption and appreciation, especially of Bitcoin, matches my own analysis. His new affiliation with Bitwise (a pretty bold move) demonstrates certain commitment.
This ends my analysis of Edelman’s strong endorsement. But it raises another important question:
If large financial institutions are likely to offer Bitcoin products and services—and if credible analysts & advisors are chomping at the bit to recommend this new asset class—shouldn’t we invest in Bitcoin now?!
Ironically, I do not recommend hording or investing in cryptocurrency, even as a collectable. Why?! Because of the big “Investment Catch-22”. I don’t discourage investing in Bitcoin because I fear that its value will lessen. It is for a completely different reason. And so, my advice against investing is half-hearted.
Currently, Bitcoin and altcoins are widely misunderstood. Many people have these false impressions…
It is not backed by anything
It interferes with tax collection
Cryptocurrency facilitates crime
Governments will never allow it
They do not convey compelling benefits over government-issued currency
They water down the overall money supply
Their deflationary nature threatens economic growth
They are easier to lose and subject to scams & hacking
They do not facilitate refunds, rescission, recourse and customer claims
They interfere with a government’s ability to control its monetary supply
All of this is untrue, except the last item—and that one is a tremendous benefit.
Additionally, blockchain currencies fluctuate widely in real market purchasing power, many altcoins and all ICOs are scams, and acceptance is far from being ubiquitous. Clearly, widespread adoption requires stability, infrastructure, trust and ubiquity.
This cannot happen until two things occur:
The fraction of transactions in normal business and retail commerce (purchases, salaries, debt payment and settlement) must significantly dwarf the fraction that is driven by investors, hoarders and speculators.
A significant number of established brands, services or retailers must begin publishing prices in Bitcoin and honoring those prices throughout a defined sale period (e.g. until the next catalog is published or until the next production run).
Things are beginning to change, but for such a positive and transormative mechanism, that change is frustratingly gradual.
A series of falling dominos is already in process. But, the end game is retarded by those of us who invest in Bitcoin, because we are removing a limited resource from circulation and contributing to volatility. We do this, because we realize that—in the long run—Bitcoin can only go up in value. Yet, our investment at such an early stage (before consumer adoption) makes the infant sick.
The funding, awarded by the UK Government’s Department for Business, Energy and Industrial Strategy’s Regulators’ Pioneer Fund, will be used to pioneer new ways of regulating the autonomous and smart shipping industries to help them deliver innovative new technologies to the traditional maritime sector.
The global autonomous shipping industry is predicted to grow into a $136 billion behemoth by 2030, with UK businesses already playing a key role. The funding will see the creation of the Maritime Autonomy Regulation Lab, where regulators from the MCA and DfT can work with academia and support industry to promote on-water testing and flagship projects and help the UK grow its presence in the global marketplace.
New Delhi, Oct 6: There are many unsung and forgotten heroes that India has in abundance. One such man whose 125th birth anniversary falls today is Meghnad Saha who was not only nominated for the Nobel Prize in Physics more than once but was also elected to the first Lok Sabha in 1952 as an independent candidate defeating the Congress nominee Prabhu Dayal Himatsingka. But more interestingly he was the chairperson of Calender Reforms Committee set up in 1952.
No one can forget the role of Planning Commission of India in the growth trajectory of the country which was actually conceived by Subhash Chandra Bose at the Haripura Congress in 1938. Bose as a president proposed it as National Planning Committee in which Saha had shown very keen interest.
China put tiny spy chips on many U.S. servers. That’s the word from Bloomberg Businessweek, whose cover story published Thursday asserts that Beijing persuaded Chinese hardware manufacturers to install a surveillance chip, half the size of a grain of rice, on the motherboards of hundreds of thousands of data servers sold around the world by a U.S. company called Supermicro, including to Amazon and Apple.
Does Chinese commercial space rival government? A story has gone viral in China about the departure of a rocket scientist named Zhang Xiaoping from his job as deputy director of rocket design at the state-owned Xi’an Aerospace Propulsion Research Institute. He was rumored to be helping lead the design of China’s heavy Long March 9 rocket. According to the South China Morning Post, a document posted on a Chinese social media site described how Zhang was “most crucial to the development process,” and had “irreplaceable” talents. The document argued that Zhang’s departure could affect China’s race to send people to the Moon.
Gone to LandSpace … Zhang is rumored to have taken a research position at the private aerospace firm LandSpace (cited above), earning 10 times his previous salary of 120,000 yuan (US$17,400) per year. This is an interesting development, although we have few hard facts from our Western vantage point. However, the Zhang kerfuffle does suggest that some of the same tensions we’re seeing between public and private space in the United States also exist in China with its emerging commercial space market.
Set to give a keynote speech on October 3rd at 2018’s International Astronautical Congress (IAC), Hans Koenigsmann – SpaceX Vice President of Build and Flight Reliability – attended an impromptu talk one day prior, titled “From the University of Bremen to SpaceX”.
Speaking before a small audience, the University of Bremen graduate and fourth employee to join SpaceX discussed his opinions of Falcon Heavy, BFR, and more, frankly relating how SpaceX intentionally chose to build Falcon Heavy on its own, going so far as to turn down funding reportedly offered by one or more US government agencies.
Hopefully a sign of things to come for his 09:20 UTC, Oct. 3 keynote, titled “Reusability: The Key to Reliability and Affordability”, Hans’ precursor talk centered around the circuitous path that led him from University of Bremen to SpaceX, humorously describing how he “got bored of airplanes pretty quickly” after becoming an aerospace engineer. He quickly turned to space, hopping between a number of German smallsat projects that eventually led him to settle in the U.S. after flying there and back “at least 25 times”.
DJI now has the US government’s permission to authorize drone flights in controlled airspace near airports.
The FAA has approved DJI as part of its Low Altitude Authorization and Notification Capability (LAANC) program. The agency rigorously tested and validated DJI’s technology capabilities before giving its stamp of approval.
DJI was one of 9 companies that were just newly authorized. The other eight are Aeronyde, Airbus, AiRXOS, Altitude Angel, Converge, KittyHawk, UASidekick, and Unifly.
