‘videos’ Category Archives
by adminadam in videos
We are dealing with information overload. The data overhang in fields like Big Data and Genomics is crushing us. We lack the means to process so much information. Entertainment, if allowed, could eat more of our time than exists in the universal time remaining. How can we personalize and streamline our data, our technology, and our experiences to maximize our time and innovate more?
System complexities such as climate and weather patterns, disease and globalization, macroeconomic and political trends, and other physical processes are almost certainly indomitable and inevitably impossible to synthesize perfectly for any unaided human individual at this time. Perhaps A.I. systems and algorithms, such as those being built by DeepMind at Google, can be relied upon to help us become the masters of our time and of our environments. This is the argument — presented quite compellingly, I might add — which Demis Hassabis effectively advances at talk at the RSA conference in November of 2016.
Demis Hassabis on the benefits to humanity of accelerating technology:
by adminadam in videos
— Bitcoin ATM’s: Here’s an ATM next to us. Where are these made?
— Generally in America.
— There are more and more Bitcoin ATM’s around the world. We can see them on the map. There are 555.
— 16 in Japan, huh?
— Yes, there are different brands too: Genesis ATM is the leading manufacturer of Bitcoin ATM’s. Lamassu is #2. One’s that are easy to use are becoming more common. We are adding one Bitcoin ATM per day on average right now around the world.
— Recently the price has been going up and down. But it seems more people are buying bitcoin these days; we can safely ignore the recent Hearn debacle.
— There was a seminar recently that we attended. How was it for you?
— I thought that it was easy to understand, and I thought it was noteworthy that transactions are almost free of fees and the fact that everyone in the network secures bitcoin together I thought was interesting. I also thought, wow, I’ve never thought about the nature of money before either…
— A lot of people were buying bitcoins there, too, huh?
— Yeah, quite a few people.
— Some individuals were buying a large amount too.
— So let’s talk about how people are getting their hands on bitcoin these days… If you buy bitcoin at an ATM you’ll either send it to a wallet on your phone, or you’ll get one of these paper wallets with the private key and the public key showing. Of course if you’ve got a lot of money on your paper wallet, it’s insecure, and you stand to lose it all if anyone scans the private key before you transfer the bitcoin associated with it away to some other wallet (and a new address).
— So how do you secure bitcoin? If you look at the top 100 richest bitcoin addresses on BitcoinRichList, it shows there are some with over $60 million worth of bitcoin in them. And notice the addresses here, there are a few that start with a 3, and most of the rest start with a number 1. The number at the beginning of the addresses tell you something. A 1 tells you that it’s a normal single-signature wallet address. A 3 tells you that it belongs to a multi-signature wallet.
— Multi-signature wallets, such as the Trezor hardware wallet, or any number of multi-sig software wallets, allow you to divide the ownership or control over a bitcoin wallet amongst three or more keys. You can distribute these keys around the world, or have your neighbor or a friend hold a third key for you while you hold two. If you hold two keys, you can use those two keys to spend your bitcoin from the multi-sig wallet that you’ve got. If you lose one, your neighbor can still help you sign off on the transaction so it can be sent.
— It’s kind of like a bank, isn’t it?
— It is like a bank except only the wallet (account) owner can move the bitcoin to a new address.
— Only about 30 out of the top 100 bitcoin addresses now are multi-sig wallet addresses. It seems rather foolish. You’re much more vulnerable keeping all your bitcoin in a single-signature wallet. I think we’ll be seeing the number of multi-sig addresses increase a lot in the near future. We could expect more multi-sig addresses to be taking up the top 100 richest address spots in the next few years.
— There are some trends in top companies around the world (having to do with dematerializaiton). So many of the world’s most innovative companies have little-to-no property or inventory; they generally just coordinate others’ resources:
- Uber – The world’s largest taxi company owns no vehicles.
- Facebook – The world’s most popular media owner creates no content.
- Alibaba – The most valuable retailer has no inventory.
- Airbnb – The world’s largest accommodation provider owns no real estate.
— I could see bitcoin fitting into such a role in the future: “Bitcoin – The world’s largest bank holds no money”.
— The Trezor is a really cool way to protect your bitcoins. If you don’t plug it into your computer, you can’t spend the bitcoins. If your computer is hacked, you’re protected because the private key for your wallet is on the other device, the Trezor. Not only is the key separated from the network (offline), but you need to enter an pincode with on-screen obfuscated number pad, but also you need to confirm two times by pressing a button on the device before you can send money to someone.
— And now Trezor is selling this multi-sig set of hardware wallets. There’s three in each package. You could take two and trust me to hold the third as a backup. You’d need both of your keys, or one of yours plus mine, in order to withdraw from the account. I can’t ever withdraw from the account because I only have one key.
— You can see this being potentially very useful for companies to secure large accounts. For example, they could distribute 15 keys to members of the board of directors. Maybe they give one to a law firm they hire to arbitrate in the case consensus cannot be reached or if, heaven forbid, more than half of the board members die or lose their keys. You can set the minimum number of keys needed to send a transaction to whatever you want: 5 of 15, 10 of 15, etc.
— There are new physical hardware wallets that work just like credit cards, too, now. They use the same kind of chip technology and everything. As of right now, there is no standard way of securing your bitcoin with hardware wallets. The bitcoin ecosystem is still in its infancy, but it is developing quickly.
— What do you think about all this?
— I feel like I want to know more now, like it would be good to know about bitcoin and how it works.
— What about the economic and technological impacts that this technology can have? What do you think about this?
— It seems like it could be useful for many things. Since you can send money to anyone it would be great for charity, wouldn’t it?
— Yes, indeed. You can donate to any given cause around the world.
— Ultimately, it’s really a young technology and is not very user-friendly yet. But the developers in the space are working at a frantic pace to build it out and make it better and easier to use.
by adminadam in videos
“The €uro is a Failure”
YouTube: Austrian Markets
- ECB to continue quantitative easing and maintain negative-interest rate policy through March, 2017.
- Stock exchanges primarily dependent on stimulus and tax-payer subsidies.
- ECB pronounce ‘no limit to the stimulus’.
- Maintenance of ‘Price Stability’ — Doublespeak for “guaranteed annual consumer price increase of 2%” — the driving force behind negative interest rate and quantitative easing programs.
- More state spending is advocated to solve problems created by state spending.
- West-German tax-payers prop up insolvent PIIGS (Portugal, Ireland, Italy, Greece, and Spain), unsustainable.
- German Chancellor Angela Merkel forces demographic and financial burdens on German people.
- No plan to restructure or reduce debt; proposed “Austerity”measures merely decreases in increased spending; faux Austerity Theatre.
- Europeans uncomfortable with the notion of immediate, short-term economic pain from True Austerity; convinced by Academics and Bureaucrats that increased spending will magically solve fiscal problems.
- Toxic Greek debt a threat to EU Area.
- Weaker economies leaving EU, returning to own currencies, creating free-trade zones à la HK, seen as only viable path to regain solvency.
- Minor spending decreases plus large tax increases enables irresponsible countries and bureaucrats at the expense of productive countries and tax-payers.
- Euro deemed a failure.
by adminadam in videos
- Never give up
- Really like what you do
- Don’t listen to your detractors
- Take risks, the younger the better
- Do something important
- Focus on Signal over Noise
- Look for other Problem Solvers to work with
- Attract great people; surround yourself with great people
- Have a great product, one that is miles ahead of the competition
- Work super hard, particularly if you’re starting a company
Satoshi Nakamoto set in motion the unraveling of the nation state and the end of central banking — two closely related institutions that have directed history since history has been recorded. When we come to understand the economic and technological implications of bitcoin, we arrive at a somewhat startling yet undeniable conclusion: that bitcoin will end the nation state.
“We know what happened to organized religion in the wake of the gunpowder revolution. Technological developments created strong incentives to downsize religious institutions and lower their costs. A similar technological revolution is destined to downsize radically the nation-state early in the new millennium.”
– James Dale Davidson, William Rees-Mogg, The Sovereign Individual
Bitcoin as an Independent Economy
Many observers of bitcoin argue that its value needs to be pegged to a stable, conventional currency in order to assess its value. They claim that bitcoin is too volatile to be taken seriously, and thus, serves as only a novel financial innovation for moving money. What these observers’ fail to realize is that bitcoin does not need to be pegged to a national currency any more than the sun requires the gravitational pull of the earth. The sun has no concern for the deviations on the trajectory of the Earth just as bitcoin has no concern for the developments within national economies. Speculation is the only reason critics will argue that bitcoin needs to be pegged to a national unit of account, and for those actors, bitcoin cares not.
Many observers of bitcoin also argue that for the sake of adoption, bitcoin needs exchange businesses and ATMs in order to grow its user base and subsequently, its market capitalization. On top of these businesses, the conventional thinker will also argue that proper regulation needs to be enforced for the ‘good of the investor’. We certainly don’t want another episode of Mt.Gox do we? Although exchange businesses and ATMs certainly do serve to hasten the adoption process, they are not required for the expansion of the bitcoin economy. The mining process serves as the issuance authority. The miners are the employees of the network, and thus the true citizens of the bitcoin digital economy.
Bitcoin is a [Nationally] Untaxable Money Supply
Let us begin with a simple premise: you cannot levy taxes on a cryptographic money supply through judicial authority. Bitcoin is untouchable by the nation state and can be used with a veil of cybersecrecy.
With bitcoin, taxation takes a voluntary, pay-for-performance role. Users are free to attach as much or as little fee to the transaction as they wish, and accordingly, it will be taken care of by the mining network with the highest incentives rising to the top. Bitcoin transactions are taxed by default, and increasingly, high transaction fees will cause an explosion in the economic velocity of money.
In his Code 2.0 manifesto, Lawrence Lessig described law as a multiplicity of factors, regulation being just one among many. Other factors include the free market, social norms, and architecture. In the bitcoin economy the architecture is source-code. Truly, bitcoin is code as law and the blockchain represents a sort of constitution for the digital economy.
No amount of lobbying, congressional hearings, or bitlicenses will curb the adoption of cybercurrencies in the long run. Because bitcoin is untouchable by the nation state, the lifeblood of these conventional bodies will wither and die. Increasingly, politicians will struggle to squeeze the revenue from their citizens in order to pay for the ever-bloating expenses and programs it has conceived. When the lifeblood of the nation state (tax revenues) have run dry, that is the day we can confidently proclaim that the great empires of flesh and steel have fallen. In our opinion, this is a day we should work unabashedly toward.
Bitcoin Transitions the Nature of Violence
The most dominant currency today is held in place because the authority which issues it has the greatest ability to impose and defend from violence. The United States Federal Reserve Note is the global reserve currency not because of the nation’s unyielding belief in freedom, or the sound monetary policies of its leaders. The USD is the world currency because, as we have seen in times past, when someone threatens to detach themselves from their dependence of it, thereby compromising its position as the king, the authority subverts its own laws and seeks to destroy those who would attempt to disarm its dominance. The USD is backed by military prowess.
Bitcoin, on the other hand, transcends physicality and cannot be destroyed by any nation state. In the cyber domain, the economic returns on violence transition to those who are capable of executing cyberwarfare and thefts through the medium of digital technology itself, The cyberdomain is and will continue to be a haven for those with the technical intellect to command a machine to do what they want with it, rather than the original instructions it was given.
We are now left with a deeper question: Does the fact that it operates from a paradigm which is dimensions more intelligent than military force foreshadow an inevitability where bitcoin will supersede the USD?
Because bitcoin transitions the theft of money and the issuance of money to the digital realm, the nature of violence too is placed within a context which can only be acted upon by participants who dwell in cyberspace. What kinds of violence could be imposed through financial mediums of a digital realm?
Other than theft itself, the threat of a 51% attack is still a real threat with bitcoin. If a party had the ability to perform a 51% attack, not only would they be able to spend their money twice, but they would be able to cut you off from spending your money. Such a scenario would be catastrophic for the individual who holds the majority of their net worth on a network like bitcoin, and therefore should be a focal point of cautious development. Let us not fall into a society where the powers that be may erase our economic standing as easily as flicking a light switch.
Another act of violence could be considered the collectivization of data on the movement, holdings, and relationship of financial information in a digital economy such as bitcoin. A huge incentive presents itself for data mining the blockchain and analyzing the various relationships and patterns of spending. We wrote an article on this approaching threat, entitled The Incoming Surveillance of Bitcoin. Much like the internet of today, the bitcoin network initially presents itself as a bastion of liberty and anonymity, but is in truth destined to become the most surveilled form of money ever to exist.
Prepare Yourself Accordingly
Everything you’ve come to know about pensions, social welfare programs, and nationality as an ideology, will be obliterated by the implications of bitcoin. We have an emerging digital economy, which for the very first time, is able to operate completely independent of physical or central actors. We have a money supply which is based on the science of mathematics and therefore, has functionality dimensions more intelligent than our current economic paradigm. We now have a money supply which is made technically impractical to tax with our current methodologies due to cryptographic technology. We have a network of financial information which transitions the nature of violence, that of cybercrime, to the digital realm.
These factors combined will ensure that the nation state as it exists today will be irrevocably disrupted in a societal shift unseen since the dethroning of religious institutions during the 15th and 16th centuries. This time, the major difference is that it will happen much more quickly, and have much more pervasive effects than almost anyone is anticipating.
▣ Bitcoin Will End the Nation State
▣ Written by Travis Patron
▣ Source: notbeinggoverned.com/bitcoin-will-end-the-nation-state
by adminadam in videos
From bravetheworld.com -- (Watch on YouTube)
“The internet is anarchy.
And cryptocurrencies are
the printless fingers
of the internet.”
Julia Tourianski (Declaration of Bitcoin’s Independence, Brave The World)
Roger Ver (Bitcoin Evangelist, also known as the “Bitcoin Jesus”)
Paul Joseph Watson (InfoWars)
Jeff Berwick (The Dollar Vigilante, Anarchast)
Jeffrey Tucker (CLO, LIberty.me)
Charlie Shrem (BitInstant)
Kristov Atlas (Anonymous Bitcoin Book, Dark News)
Bruce Fenton (Bitcoin Association, Atlantic Financial)
Victoria van Eyk (The Ethical Empire, Bitcoin Strategy Group)
Gavin Wood (Ethereum)
Stephanie Murphy ( Let’s Talk Bitcoin, Free Talk Live)
Dmitry Murashchik (Mycelium)
Will Pangman (Bitcoin Maven, Tapeke.com)
Stephan Tual (Ethereum)
Enric Duran (Spain’s Robin Hood)
Richard Stott (Ethereum)
Joerg Platzer (Room 77)
Blake Anderson (uBITquity, neo-arbitrage)
Peter Todd (Bitcoin Core, Dark Wallet, Zerocash)
Trace Mayer (Early bitcoin evangelist, Bitcoin Armory, proponent of free speech, How to Vanish)
Pamela Morgan (Smart Law)
M.K Lords (Bitcoin Not Bombs)
Patrick M. Byrne (overstock.com, “Bitcoin Messiah”)
Amir Taaki (Libbitcoin, Dark Wallet, Dark Market)
Chris Ellis (World Crypto Network)
Ruben Alexander (Editor at Bitcoin Magazine)
Max Keiser (Keiser Report, MaxCoin, STARTcoin)
Stacy Herbert (Keiser Report, STARTcoin)
Juraj Bednar (Hacker, serial entrepreneur, DIGMIA, Citadelo)
Mathias Grønnebæk (Ethereum)
Andreas Antonopoulos (bitcoinbook.info, serial tech-entrepreneur, Let’s Talk Bitcoin)
Chris Pacia (Bitcoin Authenticator, Escape Velocity Blog)
Paige Peterson (Developer at MaidSafe, SF Bitcoin Meetup Organizer)
Ryan Taylor (Bitcoin magazine)
Courtney Warner (Bitcoin advocate, actress)
Zach Ramsey (Coin Culture)
RT asks: Is the release of plans for the Liberator Pistol going to help people protect their rights and freedoms, or is it a move that’s going to put people in danger?
Cody Wilson explains that he created the Liberator Pistol as a political statement and as a form of political action. The publication of this process (the plans for the 3D-printed gun) and the concept that the barriers to entry for manufacturing, particularly firearm manufacturing, are coming down is significant because neither the plans nor this new notion can be censured or expunged from the internet. The plans are and will continue to be seeded through bittorrent and shared through other means online despite the take-down requests of government agencies aimed at Defense Distributed.
He goes on to describe the act as a kind of ‘attack’ to counter the increasing paranoia and legislative momentum leading towards greater gun control. This attack gives the control and power regarding gun ownership and gun production to each and every sovereign individual, at a time when some politicians are attempting to exert their authority in this space to further restrict such powers to select, pre-approved parties and existing manufacturers. The Liberator Pistol, he says, is an effective way of showing off the power of anarchist market innovation through 3D printing and peer-to-peer file sharing technology.
Effectively, this creates a new political and cultural reality: Regulators are placed on a level playing-field, more or less, with Joe Average, who can now procure — or not procure, if he so chooses — an untraceable, unmarked firearm. At this point, legislative fiat is rendered ineffective due to the resilient nature of information shared online and the accelerating democratization of access to technologies like 3D printing. It is no longer unreasonable — either practically or financially — for you to make your own working, unregistered Liberator Pistol (namely, the AR receiver) by purchasing or borrowing a 3D printer, such as the Ghost Gunner. Indeed, it can only get easier from here on out.
And while some people might resent this change being thrust upon us, perhaps others — even if they don’t welcome the implications of the democratization of gun production — will appreciate the fact that Cody Wilson and his compatriots at Defense Distributed are forthcoming and transparent about their goals and explicit about what they think it means for us all: Regardless of Cody Wilson having gone ahead with this plan, crossing this kind of point-of-no-return, it was (and is now) inevitable that individual actors bring new and disruptive innovations — such as this gun and the plans to print it — to the world. Going forward we are likely to see more and more plans and home-made products that are illegal or quasi-legal, along with items that are considered taboo or controversial in society. We will see everything from 3D-printed sex toys to black-market electronics, children’s toys to pharmaceuticals, perhaps even 3D-printed houses and cars. Metamaterials (things like glass with malleability and programmability, e.g. solar reflectiveness vs. solar absorption, thermal reflectiveness vs. thermal absorption, impermeability vs. permeability, etc.) will enable the expansion of productive capacity further, leading to millions more currently-unfathomable inventions.
Cody Wilson and others that follow (even unknowingly) in his footsteps and publish plans for disruptive innovations such as these are effectively rendering null-and-void the centralized legislative bodies and bureaucratic agencies of the world, routing around them much like censorship on the internet has resulted in new and more resilient, more distributed solutions to the need for information and sharing and innovation in the world (see: napster; limewire; bittorrent).
This is the new paradigm we are entering. It is a world of radical and expanding individual sovereignty and decentralized and disruptive technological innovation.
How about printing yourself a jet (engine)?