Lifeboat Foundation

I did a long-form interview on Medium’s Defiant of my run for California Governor. It covers many subjects (Trump, gene editing, basic income), as well as why I think technology is ready to change politics and governance forever:

By AJAI RAJ

Stop me if you’ve heard this one before. It’s 2015, and the ever-humming machinery of American presidential politics is picking up steam. The American political machine runs on steam, okay? It’s very old.

Continue reading “Zoltan Istvan Wants to Create Superpeople —Oh, and Also Be California’s Governor” »

If you follow Bitcoin at all, then you know that its value is spiking. It has already surpassed a massive spike on Thanksgiving night 2013, and it has just surpassed the cost of an ounce of gold. _{[continue below image]}

Like any commodity, the exchange value of Bitcoin is driven by supply and demand. But, unlike most commodities, including the US Dollar, the Euro or even gold, the eventual supply is capped. It is a mathematical certainty. Yet, demand is affected by many factors: Adoption as a payment instrument, early signs that it is being considered as a reserve currency, fascination by Geeks and early adopters and its use as a preferred tool by some criminals.

But chief among reasons for acquiring Bitcoin is speculation. Whether it is buy-and-hold or day trading, speculators still outnumber those who use Bitcoin to settle debts or to buy and sell other products and services. (Earlier this week, I argued that speculation is responsible for 85% of demand and of transactions—but that’s another story).

Continue reading “Bitcoin ETF Buzz Offers Short Term Opportunity” »

Rocket and satellite litter is endangering private space commerce. Enter the cosmic debris tracking industry.

Blue Origin’s New Shepard Team is the winner of Aviation Week’s 60th Annual Space Laureate. New Shepard is only the first step in fulfilling Blue Origin owner Jeff Bezos’ vision of using ever larger reusable rockets to send an entire economy into Earth orbit and beyond. Following the Laureate Award presentations held at Washington’s National Building Museum on March 2, Bezos talked to Aviation Week and Space Technology Editor-in-Chief Joe Anselmo and the audience at the awards dinner about the importance of expanding into the solar system.

* we need to expand into the solar system. The choice is between stasis on earth or expansion and dynamism in space.

Continue reading “Video of Jeff Bezos describes his space plans” »

I use to hate it when my dad insisted that I read something longer than 2 paragraphs. (Something related to his interests, but not to my school work, his career or our family). That’s because it shouldn’t require a 30 minute read to determine if it piques my interest, as it does his.

But I am asking Lifeboat readers to invest 37 minutes in the video linked below. Even if you give it just 5 minutes, it will provide sufficient motive for you to stick around until the end. _{[continue below video]}

I want you view it because we are on the threshold of something bigger than many people realize. Bitcoin and the blockchain is not just a new currency or a way of distributing books among network users. We are becoming involved with a radical experiment in applied game theory that is shockingly simple, but nascent. Opportunities abound, and the individuals who recognize those opportunities or learn to exploit them will benefit themselves as they benefit the global community. Because it is so radical (and because it clashes with deeply ingrained beliefs about authority, control mechanisms, democracy and money), it seems complex and risky—but it’s really not.

Continue reading “Antonopolous Clarifies Blockchain’s Profound Leap” »

The Libertarian Republic covering my libertarian run for California Governor:

By Kody Fairfield

Continue reading “Transhumanist Wants to Run for California Governor Under Libertarian Banner” »

While there are different flavors of the UBI, the basic concept is that everyone just gets money for existing—this, in theory, would help keep the economy running smoothly even as people are working less.

“Sounds like a communist scheme” jokes Pethokoukis. But he explains how this is actually a very old idea that has its roots on the political right as a way to simplify the welfare state. It’s an idea that’s really taken off among the libertarian-leaning luminaries of the tech world in recent years.

“Silicon Valley has sort of latched on to this idea. They have the most aggressive timetable as far as when we will actually see all these jobs hemorrhage,” explains Pethokoukis.

Continue reading “A Universal Basic Income? Slow Your Roll, Silicon Valley” »

At Quora, I occasionally play, “Ask the expert”. Several hundred of my Quora answers are linked here. Today, I was asked “How much of Bitcoin’s value is driven by speculation”. This is my answer…

This is a great question! While the value of any commodity is determined by supply and demand, speculation is one component of demand. Another is the unique utility value inherent in a product or process. This is sometimes called ‘intrinsic value’.

It’s ironic that when a high fraction of value is driven by speculation, short-term value becomes volatile and long-term value becomes less certain—and less likely to produce returns for those same speculators.

Editor’s Note: In the past few weeks, a significant spike in Bitcoin’s value and trading volume relates to a pending regulatory decision expected at the end of next week. This activity is certainly driven by speculation. But for this article, I am considering periods in which the demands of individual events are less clear.

Continue reading “What Fraction of Bitcoin Value is Driven by Speculators?” »

One thing is clear: the way in which we organize the economy and society will change fundamentally. We are experiencing the largest transformation since the end of the Second World War; after the automation of production and the creation of self-driving cars the automation of society is next. With this, society is at a crossroads, which promises great opportunities, but also considerable risks. If we take the wrong decisions it could threaten our greatest historical achievements.

We are in the middle of a technological upheaval that will transform the way society is organized. We must make the right decisions now.

• By Dirk Helbing, Bruno S. Frey, Gerd Gigerenzer, Ernst Hafen, Michael Hagner, Yvonne Hofstetter, Jeroen van den Hoven, Roberto V. Zicari, Andrej Zwitter on February 25, 2017