Access instead of Ownership
One of the most radical and potentially disruptive ideas for the near-term blockchain financial services market is Securities as a Service. Consider the music industry, where in the past, it was quite normal to purchase and own records and CDs, but now music is often accessed through digital media services like Spotify. There is access to music, but not much thought of ownership. “Listening to music” is the consumable asset, which is priced per network models for its access and consumption.
For the past two years, Zoltan Istvan has been campaigning for the US presidency on the Transhumanist Party, a largely one-man show which nevertheless remains faithful to the basic tenets of transhumanism. Now suppose he won. Top of his policy agenda had been to ensure the immortality of all Americans. But even Zoltan realized that this would entail quite big changes in how the state and society function. So, shortly after being elected president, he decides to hold a national referendum on the matter.
As William Gibson has famously pointed out, the job of the science fiction writer is not to predict the future but to construct one plausible version of it from the pieces already laying around. I assume that Malka Older was trying to do this deliberately low key Gibsonian thing with her novel Infomacracy, but given the bizarre nature of this current election cycle she instead, and remarkably, ended up anticipating not merely many of its real or feared events, but even ended her novel on the same note of exhaustion and exasperation and even dread resulting from the perceived failures of representative democracy now expressed by many among the elites, and from another the other angle, the young.
Before Bill Gates was a billionaire, before the power, the cultural cachet, and the Robert Downey Jr. portrayals, computers were for losers who would never get laid. Their potential was of course independent of these considerations, but Steve Jobs could become one of the richest people on Earth because he was fascinated with, and dedicated time to, something that cool kids — specially from the wealthy families who could most easily afford access to them — wouldn’t have been caught dead playing with, or at least loving.
Standing as we are with our nose so tightly pressed against the glass, it’s impossible to know what exactly the current, crazy presidential election will mean, not just for American, democracy, but for the future of democracy itself. Of course, much of this depends on the actual outcome of the election, when the American public will either chose to cling to a system full of malware, corrupted and buggy, yet still functional, or risk everything on a hard reboot. This would include the risk that we might never be able to reset the clock to the time before we had plunged over the abyss and restore an order that while outdated, ill-designed, and running up against the limits of both still managed to do the job.
Fellows Kevin LaGrandeur and John Danaher were interviewed by Future Left about the potential impact of automation and computerization on the future of the American workforce. Their comments are included in an initiative to get theAmerican presidential to address this issue in their platforms, and their comments are also included in an article here.
There is a famous story about an encounter between Henry Ford II (CEO of Ford Motors) and Walter Reuther (head of the United Automobile Workers Union). Ford was showing Reuther around his factory, proudly displaying all the new automating technologies he had introduced to replace human workers. Ford gloated, asking Reuther ‘How are you going to get those robots to pay union dues?’. Reuther responded with equal glee ‘Henry, how are you going to get them to buy your cars?’.
Robust moral realism is the view that moral facts exist, but that they are not reducible to non-moral or natural facts. According to the robust realist, when I say something like ‘It is morally wrong to torture an innocent child for fun’, I am saying something that is true, but whose truth is not reducible to the non-moral properties of torture or children. Robust moral realism has become surprisingly popular in recent years, with philosophers like Derek Parfit, David Enoch, Erik Wielenberg and Russell Shafer-Landau all defending versions of it.
At Singularity University we address the world’s greatest challenges, through the application of exponential technologies, spreading knowledge through conferences, educating through our courses, and creating, accelerating and funding startups.
When we as a global community confront the truly difficult question of considering what is really worth devoting our limited time and resources to in an era marked by such global catastrophe, I always find my mind returning to what the Internet hasn’t really been used for yet—and what was rumored from its inception that it should ultimately provide—an utterly and entirely free education for all the world’s people.
Sometimes I get the feeling that the West really is intellectually and spiritually bankrupt. I take my cue here not from watching Eurovision or anything like its American equivalent, but from the fact that, despite how radically different our circumstance is from our predecessors, we can’t seem to get beyond political ideas that have been banging around since the 19th century. Instead of coming up with genuine alternatives we rebrand antique ideas. After all, isn’t “fully automated luxury communism” really just a technophilic version of communism which hopes to shed all association with breadlines or statues of strapping workers with hammers in their hands? Let’s just call the thing Marxism and get it the hell over with.
Pharmaceutical company Mylan has announced plans to launch its first generic EpiPen. But at a cost of $300—which is half of the branded product’s list price—it’s still a heap of money for this critically important medicine.
For a woman who wants to safeguard against fetal brain damage from Zika, the surest protection may be a Zika infection that begins and ends prior to pregnancy—but questions remain about some adult risks.
In 1861 – 72 years after the ratification of the Constitution in 1789 – the southern states of the United States exited the American Union. In 2016 – 70 years after Winston Churchill first called for the establishment of a United States of Europe in 1946 – Great Britain exited the European Union.
Blockchains as the new platform for technological innovation invite the creative imagining of applications at both the level of technology use and in the rethinking of economic principles. Some recent developments include optimism about rising Bitcoin prices and the rewards-halving milestone, trepidation about scalability, block size, and the latest hacking scandal of the Ethereum DAO, and fast-paced single ledger adoption by financial institutions.
Real estate database company Zillow is warning that nearly 1.9 million homes in the United States could be flooded by the end of the century. That’s about two percent of the nation’s total housing stock, amounting to $882 billion in value.
Secular and reformist Muslims plead that we learn to tell the difference between analyzing ideas and attacking people.
When Islam is at question, members of the American Left and Right race into opposite corners. After the Orlando nightclub massacre, to cite one recent example, conservatives spewed anti-Muslim invective to the point that ordinary American Muslims were afraid to leave home.
remember a speech that the novelist Tom Wolfe gave on CSPAN or some such back in the 1990s in which he said something like “Nietzsche predicted that the 20th century would be the age of ideology, and that the century after the age of morality, and I believe him” I’ve never been able to find the source of the quote, but the more the 21st century rolls on, the more I’m finding it to increasingly, frighteningly true.
A revolutionary set of concepts and underlying technology enablement has arisen in the form of blockchain technology. Blockchains allow the digital payments layer the Internet never had, and more broadly contemplate an era whereby all forms of secure value transfer could take place via the Internet. This includes all monetary assets (the cash or spot market) and all assets and liabilities over any future time frame (the futures and options market, mortgages, debt and equity securities, treasury issuance, and public debt).
IEET Managing Director Steven Umbrello has entered a photo competition in order to be entered to win a scholarship for his graduate studies. In order to help him make the shortlist you can follow the link below to vote for his picture titled ‘Arrogance Dying’.
Lately I’ve been experiencing quite a bit of deja vu, and not in the least of a good kind. The recent bout was inspired by Ben Smith’s piece for BuzzFeed in which he struggled to understand how an Ayn Rand loving libertarian like the technologist Peter Thiel could end up supporting a statist demagogue like Donald Trump. Smith’s reasoning was that Trump represented perhaps the biggest disruption of them all and could use the power of the state to pursue the singularity and flying-cars Theil believed were one at our fingertips.
IEET Affiliate Scholar John Danaher has a new paper coming out in the journal Neuroethics. This one argues that directly augmenting the brain might be the most politically appropriate method of moral enhancement. This paper brings together his work on enhancement, the extended mind, and the political consequences of advanced algorithmic governance. Details below:
I have worked hard to get where I am. I come from a modest middle class background. Neither of my parents attended university. They grew up in Ireland in the 1950s and 1960s, at a time when the economy was only slowly emerging from its agricultural roots. I and my siblings were born and raised in the 1970s and 1980s, in an era of high unemployment and emigration. Things started to get better in the 1990s as the Irish economy underwent its infamous ‘Celtic Tiger’ boom. I did well in school and received a (relatively) free higher education, eventually pursuing a masters and PhD in the mid-to-late 2000s.
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