Lifeboat Foundation

“Supporters point to the fact that 21st-Century work is increasingly automated, with more and more traditional jobs, in factories, retail and even in finance and accounting, being done by machines. And they do not need salaries.”

(I highly recommend this article, with all kinds of pros and cons, spare a couple of minutes and read it)

Switzerland is holding a landmark vote on whether to give each citizen a guaranteed basic income, the BBC’s Imogen Foulkes reports.

The writer is referring to D-Wave (not Dwave) in his article.

Dwave Systems and 1QB Information Technologies Inc. (1QBit), a quantum software firm, and financial industry experts today announced the launch of Quantum for Quants (quantumforquants.org), an online community designed specifically for quantitative analysts and other experts focused on complex problems in finance. Launched at the Global Derivatives Trading and Risk Management conference in Budapest, the online community will allow quantitative finance and quantum computing professionals to share ideas and insights regarding quantum technology and to explore its application to the finance industry. Through this community financial industry experts will also be granted access to quantum computing software tools, simulators, and other resources and expertise to explore the best ways to tackle the most difficult computational problems in finance using entirely new techniques.

“Quantum computers enable us to use the laws of physics to solve intractable mathematical problems,” said Marcos López de Prado, Senior Managing Director at Guggenheim Partners and a Research Fellow at Lawrence Berkeley National Laboratory’s Computational Research Division. “This is the beginning of a new era, and it will change the job of the mathematician and computer scientist in the years to come.”

Continue reading “Can Dwave Quantum Computers help save finance and prevent future financial meltdowns from flawed models” »

Y Combinator, a seed accelerator and startup incubator, plans to inaugurate a short-term “universal basic income” experiment in Oakland, California; it’s a first step toward a larger, projected five-year study of the guaranteed cost-of-living salary.

There’s been a lot of talk lately about “basic income”—the notion of a guaranteed financial disbursement to every human being simply for being alive.

It’s an idea that has garnered a great deal of support in certain circles, for obvious reasons (free money); however, many see it as the natural progression of society…as the only viable way of dealing with issues like increased automation, poverty, etc. Indeed, many see in a universal basic income (UBI) an instrument of liberty, and an effective tool for combating the threats of social unrest, economic dislocation, and various other forms of civil strife that are often the corollaries of unemployment.

Continue reading “Universal Basic Income Hits the U.S—Citizens Will Get Paid Just For Being Born” »

Excellent story; glad that this bank in Australia is getting prepared for Quantum now instead of later which will be too late for some. Good news is that Wall Street as well as the US Government are getting educated on Quantum Computing. I do hope more and more businesses and institutions start developing their own internal QC expertise so that they are prepared for the switch that is coming across all industries.

The Commonwealth Bank’s decision to contribute millions of dollars to quantum computing research is not just about the significant commercial potential of the technology itself but also about developing its own in-house expertise in the area, according to chief information officer David Whiteing.

The bank last year committed to contributing $10 million over five years to UNSW’s Centre for Quantum Computation and Communication Technology (CQC²T). That was in addition to $5 million it announced in December 2014 that it would put towards the centre.

Continue reading “Behind the Commonwealth Bank’s investment in quantum computing” »

Wall Street banks are buzzing about blockchain.

Goldman Sachs says the technology “has the potential to redefine transactions” and can change “everything.”

JPMorgan last month announced it was launching a trial project with the blockchain startup led by its former executive, Blythe Masters. Her company, Digital Asset Holdings, has secured funding from Goldman, Citi, ICAP, and a boatload of other financial firms.

Continue reading “There is a ‘game changer’ technology on Wall Street and people keep confusing it with bitcoin” »

The world of money and finance is completely different than it was a century ago, with decentralized banks and electronic balances making it possible to access your funds from just about anywhere on Earth. Writer Edward Bellamy’s 1888 novel Looking Backward was a huge success in its day, but it’s best remembered for introducing the concept of “universal credit.” Citizens of his future utopia carry a card that allows them to spend “credit” from a central bank on goods and services without paper money changing hands.

So, sharing this for us who hope to save humanity from bad decisions. US Federal Reserve doesn’t know where they misplaced $9 trillion. Makes one ask “why is it that we still are paying taxes when the US misplaces $9 trillion dollars?”

Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went… and Inspector General Elizabeth Coleman hasn’t a clue…Dunno whether to laugh or cry — I am still getting over the shock and have watched 4 times — LISTEN carefully to what she says — THEY HAVE NO JURISTRICTION to investigate the fed!!! Only their programs?? OK the world has been fooled long enough ENOUGH ENOUGH!!! Get the hell outa paper money people and if you buy gold and silver — get the real stuff not paper gold etc. This is pure evil!

Continue reading “$9,000,000,000,000 MISSING From The Federal Reserve SHOCKING FOOTAGE” »

The race is on to develop the first senescent cell clearance therapies (a.k.a., “senolytics”) to reverse the aging process and treat age-related diseases.

Anyone who has heard of Bitcoin knows that it is built on a mechanism called The Blockchain. Most of us who follow the topic are also aware that Bitcoin and the blockchain were unveiled—together—in a whitepaper by a mysterious developer, under the pseudonym Satoshi Nakamoto.

That was eight years ago. Bitcoin is still the granddaddy of all blockchain-based networks, and most of the others deal with alternate payment coins of one type or another. Since Bitcoin is king, the others are collectively referred to as ‘Altcoins’.

But the blockchain can power so much more than coins and payments. And so—as you might expect—investors are paying lots of attention to blockchain startups or blockchain integration into existing services. Not just for payments, but for everything under the sun.

Think of Bitcoin as a product and the blockchain as a clever network architecture that enables Bitcoin and a great many future products and institutions to do more things—or to do these things better, cheaper, more robust and more secure than products and institutions built upon legacy architectures.

Continue reading “Is a Blockchain a Blockchain if it Isn’t?” »