If a currency can’t be converted on demand into the underlying commodity, it’s not “backed by oil,” it’s just another form of control fraud. For context, here is a chart [ … ]

Television is a uniquely hard medium for sci-fi. Hard to write, script, directing and acting mess-ups can cause irrevocable damage Frequently, to fake a cult popularity, the show embeds too [ … ]

Tech history is short. I began the Uber post-mortem early last year, before it was fashionable There is a new chapter in Uber’s story and this is my annotation. Let’s [ … ]

 …experts were asked for their probabilities that we would get AI that was “able to accomplish every task better and more cheaply than human workers”. The experts thought on average there [ … ]

Broke: ‘the world is full of two types of people…’ Woke: ‘the world is full of two types of bots…’ Hardware bots: drones, industrial machinery, robots Software bots: artificial intelligence, [ … ]

Bitcoin was not the big bang, something came before. In the early 1980s privacy advocates were already devising digital bearer instruments. David Chaum, a cryptographer, devised a means of payment [ … ]

Bitcoin is the world’s first autonomous and self-sustaining pyramid scheme=(twfaassps) There are two types of assets in this world. Type A assets can only provide a return to their current holder [ … ]

As robots begin to cherry-pick the jobs of high-cost human workers, those robot employers profits will soar. Then what? The initial boost phase of profits gushing from automation is short-lived; as the [ … ]

Most of the world’s money is currently in the form of deposits created by banks. After the 2008 credit crisis, banking was revisioned into two camps Pure centralization: Have the [ … ]

Can worthless things circulate and be accepted in trade? If so, how? And can this state of affairs continue indefinitely? The origin story of bitcoin is an expression of an [ … ]