Money has long fascinated me, and not for the obvious reasons. Although I’d like to have more of it, my interest is largely philosophical. It is the ontology of money that has always disturbed me. Ever since I was a child, collecting old coins and hoarding my pocket money, I’ve wondered why it is that certain physical tokens can function as money and others cannot. What is money made from? What is it grounded in? Why do certain monetary systems fail and others succeed?
Blockchains are a new form of information technology that could have several important future applications. They could be an explosive operational venue for new kinds of autonomous agents like DACs, distributed autonomous corporations. A DAC is a corporation run without any human involvement through a set of business rules based in software code. It is called a ‘corporation’ because it typically engages in corporate operations like fundraising, providing services, and making profits for shareholders. Blockchains are a software protocol upon which digital cryptocurrencies like Bitcoin run.
For so-called “masters of the universe,” Wall Street executives sure seem touchy about criticism. It seems they don’t like being painted as the bad guys. But if they don’t like being criticized, why do so many of them keep behaving like B-movie villains? That’s exactly what executives from Citigroup, JPMorgan, Goldman Sachs and Bank of America looked after an article appeared last week detailing their coordinated attempt to intimidate Sen. Elizabeth Warren (D-Mass.) and other Democrats who want to fix the mess on Wall Street.
When Reuters announced the successful deployment of the first Internet-enabled pacemaker in the United States, it was a dream come true for many. The news came late in the summer of 2009, three weeks after Carol Kasyjanski became the first American recipient of a wireless pacemaker that allowed her doctor to monitor her health from afar. Since then there has been a proliferation of Internet-connected personal medical devices, or iPMDs, which now include insulin pumps, glucometers, blood pressure cuffs, pulse oximeters, walking canes, and of course, the ubiquitous fitness wearables.
These three short stories all come from the same Cory Doctorow collection, Overclocked: Stories of the Future Present (New York: Thunder’s Mouth Press, 2007). Free download here. The three are all set against a background of what I call the “DRM Curtain,” a transnational corporate Empire based on artificial scarcities enforced through a maximalist version “intellectual property” rights, promoted through trade deals written and lobbied by the proprietary content industries, and ultimately backed by the military force of the American state.
The campaign for the introduction of a universal basic income (UBI) has been gaining ground in recent years. What was once a slightly obscure proposal, beloved by certain political theorists and welfare reformists, is now being embraced as a potential solution to the threat of technological unemployment. I myself have written about it on several occasions, mainly focusing on different political and philosophical arguments in favour of its introduction.
Unwanted pregnancy is contributing to a new “caste system” in America. Is that about to get worse? When new and better technologies become available only to people who are already privileged, the rich get richer and opportunity gaps get wider. That’s exactly what’s happening with family planning—and unless trends change, a recent revolution in contraceptive technology may deepen America’s economic divide. Many factors intersect to create poverty or keep people mired there: racism, sexism, untreated illness and mental illness, hopelessness created by lack of opportunity, structural barriers between social classes, and more.
A few days ago there was an interesting article in the New York Times, “The Feel-Good Gene,” by a professor of clinical psychiatry at Weill Cornell Medical College. The author wonders why some people are predisposed to anxiety which doesn’t have obvious environmental causes, and which is thus not helped by psychotherapy.
Automatically-executing smart contracts and their impact on society has been contemplated in many different contemporary science fiction works like Daemon (Suarez), and Accelerando and Glasshouse (Stross). The interesting point is that artificial autonomous agents are becoming increasingly full-fledged participants in the real-life contemporary world.
Transpolitica holds that human society should embrace, wisely, thoughtfully, and compassionately, the radical transformational potential of technology. The speed and direction of technological adoption can be strongly influenced by social and psychological factors, by legislation, by subsidies, and by the provision or restriction of public funding. Political action can impact all these factors, either for better or for worse.
Are there ways to directly strengthen fairness and moral cognition in the prefrontal cortex, and weaken the cognitive biases bubbling up from the amygdala? Research on the genetic correlates of moral cognition, and the effects of psychoactive drugs, and of electrical and magnetic manipulation of the brain, suggest there are ways to enhance fairness and impartiality.
Fairness is a liberal virtue rooted in instinctive aversion to cheating and inequality, but then filtered through prefrontal cognition. Since the spread of Enlightenment values fairness has grown in importance as a virtue, especially for liberals with stronger prefrontal cortices and weaker amygdalas. Fairness finds less support among conservatives for whom respect for authority, ingroup loyalty and disgust/sanctity are more neurologically salient. What impact do social policy and individual practices have on the influence of fairness and cognitive biases?
Position Paper: The Critical Need to Promote Research of Aging Below is the position paper on the Critical Need to Promote Research of Aging of the International Society on Aging and Disease (ISOAD). This paper briefly details the rationales, the technologies and the policies that are needed to promote this research. Thus it can serve as a generally applicable advocacy or lobbying paper in different countries. Please help spread it. Please contribute to the widest possible recognition and support of biological research of aging and aging-related diseases. We welcome the readers to circulate this position paper, share it in your social networks, forward it to politicians, potential donors and media, organize discussion groups to debate the topics raised (that may later grow into grassroots longevity research and activism groups in different countries), translate this position paper into your language, reference and link to it, even republish it in part or in full (for example, the policy recommendations can fit on a single page flyer), join the ISOAD or other aging and longevity research and advocacy organizations.
The right question is not whether Bitcoin is over or under-valued, or over or under-hyped, but what the biggest potential money-making applications might be. While we wait for consumer-ready cryptocurrency applications to be presented to us by the financial services industry and other trusted providers, in the progression of ATMs, online billpay, eStatements, and Apple Pay, there are many other opportunities to be explored.
We asked “Should income from virtual currencies like Bitcoin be taxed like regular income?” More than half of the 350 of you who responded were skeptical that such income could be tracked, and another 18% were opposed to taxing it if it could be.
Opposition to IUD’s, like opposition to vaccines, is putting American families at risk—and a Colorado controversy shows that misguided faith and scientific ignorance are to blame. When a pilot program in Colorado offered teens state-of-the-art long acting contraceptives—IUD’s and implants—teen births plummeted by 40%, along with a drop in abortions. The program saved the state 42.5 million dollars in a single year, over five times what it cost. But rather than extending or expanding the program, some Colorado Republicans are trying to kill it—even if this stacks the odds against Colorado families.
On January 20, the Electronic Frontier Foundation (EFF) announced the Apollo 1201 project, an effort to eradicate digital rights management (DRM) schemes from the world of Internet commerce. Led by well-known activist Cory Doctorow, the project aims to “accelerate the movement to repeal laws protecting DRM” and “kick-start a vibrant market in viable, legal alternatives to digital locks.” According to EFF, DRM technologies “threaten users’ security and privacy, distort markets, undermine innovation,” and don’t effectively protect so-called “intellectual property.”
We talk a good game about opportunity in this country, but here are three signs that we’re failing to provide young people a fair shot at prosperity. Sign #1: People typically achieve most of their earnings gain in the first 10 years of employment. A new study from the Federal Reserve Bank of New York shows that “the bulk of earnings growth happens during the first decade” of a person’s employment. (The study actually focused on men, for methodological reasons.)
We have become a profoundly unequal society. That reality is explored in new detail in a recent study from the Institute for New Economic Thinking (INET). Even more importantly, the INET study shows that it will take a dramatic shift in policy to restore the equilibrium. Unless we can build momentum for a new political agenda, we’ll be divided into a small minority with fabulous wealth and a permanent underclass with few hopes or prospects.
Every day brings more headlines in the European debt drama: “Greece elects anti-austerity government.” “Greek Finance Minister says he won’t negotiate with the ‘Troika.’” “Anti-austerity movements gain ground across Europe.”
The fact that this even needs to be said demonstrates that there’s been a breakdown in the democratic process, but we’ll say it anyway: Our number one priority should be protecting the planet for future generations. That said, green energy makes sense even if we base our thinking on economic considerations alone.
There is ample opportunity to explore blockchains as a new form of information technology, including what consensus models as a core feature might mean and enable. A key question is “What is consensus-derived information?” that is, what are its properties and benefits vis-à-vis other kinds of information? Is consensus-derived information a different kind or form of information?
Here it was again. This holiday weekend we saw a lot of media coverage of Martin Luther King, Jr. But we heard very little about who he really was – a brave and visionary leader whose vision is as relevant today as ever. Dr. King’s life and legacy stand as a challenge to an entrenched society of privilege and injustice. Here are nine quotes that reflect that legacy.
The future world could be one of multi-species intelligence. The possibility space could include “classic” humans, enhanced humans, digital mindfile uploads, and many forms of artificial intelligence: deep learning neural nets, machine learning algorithms, blockchain-based DACs (distributed autonomous organizations), and whole-brain software emulations.
The challenges of governing emerging technologies are highlighted by the World Economic Forum in the 2015 edition of its Global Risks Report. Focusing in particular on synthetic biology, gene drives and artificial intelligence, the report warns that these and other emerging technologies present hard-to-foresee risks, and that oversight mechanisms need to more effectively balance likely benefits and commercial demands with a deeper consideration of ethical questions and medium to long-term risks.
The advent of blockchain technology has prompted the questioning of many concepts that have been taken for granted for years such as money, currency, markets, economics, politics, citizenship, governance, authority, and self-determination.
The increasing ability of people to exchange goods, services, and labor directly, via online platforms, is transforming how modern economies operate. But to ensure that the rise of the “sharing economy” works efficiently and improves conditions for all parties, some regulation is needed.
If Democrats don’t make the right choice now, they may not have the chance to make economic policy – not for a long time to come. There’s been a lot of economic recovery talk lately, but most people will probably tell you that things still aren’t that great. Most Americans – 99 percent of them or so – are still struggling. Economic inequality is soaring, social mobility is declining, earnings at most income levels are stagnant or falling, and the percentage of working-age Americans who are actually working is at a record low.
I read about the development of a new course at NYU on Bitcoin, and a light went on: this is the experiential education opportunity of the decade. Maybe. For a little while. Cautionary tale or emerging new currency or digital fluke…I’m not sure. But what I do know is that this is an opportunity to engage students in an active way in the analysis of an emerging phenomenon that follows in so many different ways from other, fascinating parts of the global economy, high-technology society, and digital subculture.