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Jun 172017
By Joshua Althauser https://cointelegraph.com/news/there-will-be-no-bubble-for-bitcoin-and-ethereum-heres-why Tech entrepreneur Mark Cuban has recently stated that Bitcoin is facing a bubble. However, Daniel M. Harrison, the CEO of DMH&CO and managing partner of Monkey Capital, reveals that such a thing is impossible due to the market-influencing capabilities of Bitcoin and Ethereum. Market bipolarity The main factor that makes a digital bubble impossible is market bipolarity. For many people, market bipolarity is confusing but it can be distilled in a few important and understandable viewpoints. Apparently, market bipolarity is directly affected by George Soros’ “theory of reflexivity.” According to George Soros, market conditions are not influenced by equilibrium. Rather, they are “reflexive” due to the synchronization of two functions: cognitive and manipulative function. The cognitive function is a neutral thinking base – this is where economic participants assess facts for what they are. The manipulative function, on the other hand, turns one fact (or a couple of facts) in order to gain an advantage. Once the cognitive mind is affected by the manipulative mind, the neutrality will be “painted” in a different light it becomes a manipulated fact. Therefore, markets reflect the view and perspective of participants, not the full scope of economics. The situation can be represented in two ways: Manipulative Cognitive = Reflexive Manipulative + Cognitive = Equilibrium The aforementioned equations show that a manipulative thinking pattern is the usual baseline and not a cognitive function. This shows the reflexive nature of all markets one of the clear indicators that Bitcoin and Ethereum are far from experiencing a digital bubble. Artificial vs. Natural More importantly, Ethereum and Bitcoin markets are influenced by two thinkers: artificial and natural. Artificial pertains to the Blockchain AI and natural is all about human intervention. Many experts think that Blockchain is adopting an "economic mindset." If markets with manipulative and cognitive participants are suddenly annexed, it will always result in reflexivity or positive feedback loops. In this case, digital markets are bound by reflexivity or states of reflexivity. This is a self-perpetuating situation that can go on for many years. It’s also important to know that artificial thinkers are the “igniters” of self-perpetuating reflexivity. With AI (Blockchain), digital markets will continue to thrive, leading to fluctuating values of Bitcoin and Ethereum. Market bipolarity will always be constant. Through market bipolarity, any episode of a digital bubble is canceled out. The whole Blockchain system will never return to its “roots” but it will continue evolving. Price valuations, on (more…)
Jun 172017
It's been called the 'next oil'. In the coming decades, the supply of water has the potential to influence geopolitics, diplomacy and even conflict. By Bryan Lufkin 16 June 2017 The 2008 James Bond film Quantum of Solace pits 007 against an evil criminal syndicate bent on global domination. Sounds par for the course… but this particular network of baddies isn’t using lasers or missiles to cause havoc. Grand Challenges In this special series, Future Now takes a close look at the biggest, most important issues we face in the 21st Century. For two months, we'll bring you insight from leading scientists, technologists, entrepreneurs and influencers to help you make sense of the challenges we face in today's rapidly evolving world. No, the Quantum organisation has a uniquely dastardly plan: seizing control of Bolivia’s water supply. While the evil syndicate’s role in the film might not be entirely realistic, this piece of fiction does raise a scenario that is worth considering seriously: what would happen if a country’s water supply was cut off? What would be the global fallout? Think about it: sure, we need water to survive. But it also fuels a country’s commerce, trade, innovation and economic success. This has been the case for time immemorial, from the Nile in Ancient Egypt to the Amazon in the Brazilian rainforest. While bodies of water typically help form natural borders of countries, several nations tend to share access to rivers or lakes – the Nile runs through nearly a dozen countries alone, for example. Given how conflict-prone humankind is, it’s surprising there haven't been more dust-ups of a “hydro-political” nature.   Bodies of water have always formed natural boundaries between countries, forcing people to figure out ways to share water peaceably. (Credit: Getty Images)   Experts agree: if there was no access to water, there would be no world peace. That’s why one of the grand challenges of the next few decades could be maintaining this ultra-sensitive stasis of water management. In the 21st Century, freshwater supplies are drying up, climate change is raising sea levels and altering borders, explosive population growth is straining world resources, and global hyper-nationalism is testing diplomatic relations. Meanwhile, water demand is expected to go up 55% between 2000 and 2050. In the coming century, in terms of its value as a global resource, it’s been described as “the next oil." So what can we do to guarantee global access to (more…)
Jun 172017
Bancor initial coin offering raises over $200 million in three hours to become the largest crowdfunded project ever DOMINIC POWELL / Friday, June 16, 2017 A demo of the Bancor protocol. Source: Bancor.network A new blockchain startup built on the Ethereum platform has become one of the highest funded crowdfunding projects ever, raising approximately $US153 million ($201 million) through an initial coin offering (ICO) in just three hours earlier this week. The startup is called Bancor, and it offers a platform aimed at making it easier for other startups and users to launch, manage, and trade their own forms of blockchain currency, known as “tokens”. These tokens are managed through the Ethereum network’s “smart contracts”, which enable self-executing contracts enforced and recorded on the blockchain. Combining these two features, the Bancor protocol offers “smart tokens”, which enable “any party to instantly purchase or liquidate the smart token in exchange for any of its reserve tokens, directly through the smart token’s contract, at a continuously calculated price, according to a formula which balances buy and sell volumes”. The ICO was intended to run for an hour, reports Coindesk, with a funding target of 250,000 ether (the main currency of the Ethereum blockchain), or around $US95 million. Due to alleged difficulties with the network, including supposed delayed transactions, the campaign was extended an additional two hours, resulting in a total of 396,720 ether or approximately $US153 million being raised. Over 10,000 investors got on board with the ICO, with Coindesk reporting the largest single purchase was $US27 million, equalling 6.9 million BNT, the token used by the Bancor protocol to fuel its new platform. This was enough to shoot Bancor into the number one spot of highest funded crowdfunds, and continues the recent initial coin offering craze, with blockchain startup Brave raising $US35 million in 30 seconds via a recent ICO. However, due to the transitory value of cryptocurrencies such as Ethereum, the true amount raised by these startups is ever-changing. With the value of ether increasing over 2800% this year alone, a $US153 million raise could be $50 million more, or less, in a matter of days. The Ethereum protocol is proving to be a popular platform for successful crowdfunds, with seven of the top 10 crowdfunding projects having been based on the platform, including the crowdfund for the platform itself. Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Jun 162017
BREAKINGVIEWS-Review: Gold's financial fascination never dies by Reuters Friday, 16 June 2017 13:33 GMT (The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Kate Duguid NEW YORK, June 16 (Reuters Breakingviews) – Before winning the presidency and replacing the Oval Office's red drapes with lamé, Donald Trump was lionizing the gold standard (http://bit.ly/2riEUiS). He wasn't alone. Campaign rivals Texas Senator Ted Cruz, Kentucky Senator Rand Paul and Ben Carson also backed reviving a policy that had been abandoned by the global financial system 40 years earlier. James Ledbetter's new book "One Nation Under Gold" helps explain why the outdated idea won't die. These Republican presidential contenders were not proposing sincere policies with white papers and serious co-authors. Bullion-backed bucks had been discarded for good reason: it was an impractical constraint that, even when it was the law of the land, had to be abandoned when the United States needed money for war or to combat recession. No countries in the world operates on a gold standard today; there is no consensus on what a standard would look like or how it would be implemented. And, as Ledbetter puts it: "there will never be enough gold in the world to support the U.S. economy at its current size." Yet gold, the book argues, is woven into the American DNA. It is enshrined in the Constitution which says that states may not "make any Thing but gold and silver Coin a Tender in Payment of Debts." Ledbetter chronicles two centuries of debate over the clause's exact meaning and its implications for a federally distributed currency. The California gold rush of the mid-19th century established the West as a locus of political and economic power, largely because of the immigration it brought, and the subsequent development of industry. The gold rush became part of America's founding myth, and for early settlers, evidence of divine providence. Sound money, as commodity-backed currencies are known, also appeals to an American tradition of small government. A limited supply of gold necessarily limits the supply of money a government can issue, which in theory limits government spending. Gold remains of interest to Americans not just as a basis for currency, but also as an investment. Though it pays no dividends and, unlike a company, the size of the asset will not grow, the precious metal is still popular, particularly amid economic insecurity. To (more…)
Jun 132017
This is from friend, a most dedicated man, the Director of Kigezi Orphans Project, Serving Children the lord! through this orphange. *In 1923, nine of the wealthiest people in the world met at Chicago's Edge Water Beach Hotel*. *Their combined wealth, it is estimated, exceeded the wealth of the Government of the United States at that time*. These men certainly knew how to make a living and accumulate wealth. *Attending the meeting were the following men*: 1. The president of the *largest steel company,* 2. The president of the *largest utility company,* 3. The president of the *largest gas company,* 4. The president of the *New York Stock Exchange,* 5. The president of the *Bank of International Settlements,* 6. The *greatest wheat speculator*, 7. The greatest *bear on Wall Street,* 8. The head of the *World's greatest Economy* & 9. A member of *President Harding's cabinet*. *That's a pretty impressive line-up of people by anyone's yardstick.* Yet, 25 years later, where were those nine industrial giants? *Let’s examine what happened to them 25 years later*. 1. The President of the then largest steel company (Bethlehem Steel Corp), *Charles M Schwab, lived on borrowed capital for five years before he died bankrupt.* 2. The President of the then largest gas company, *Howard Hubson, went insane*. 3. One of the greatest commodity traders (Wheat Speculator), *Arthur Cutten, died insolvent.* 4. The then President of the New York Stock Exchange, *Richard Whitney, was sent to jail.* 5. The member of the US President’s Cabinet (the member of President Harding's cabinet), *Albert Fall, was pardoned from jail just to be able to go home and die in peace.* 6. The greatest “bear” on Wall Street, *Jesse Livermore committed suicide*. 7. The President of the then world’s greatest monopoly, *Ivar Krueger, committed suicide*. 8. The President of the Bank of International Settlement, *Leon Fraser, committed Suicide.* 9. The president of the largest utility company, *Samuel Insull, died penniless.* *What they forgot was how to "make" life while they got busy making money!* *Money in itself is not evil;* it provides food for the hungry, medicine for the sick, clothes for the needy. *Money is only a medium of exchange.* *We need two kinds of education*: a) One that teaches us *how to make a living,* and b) One that teaches us *how to live*. *There are many of us who are so engrossed in our professional life (more…)
Jun 102017
 It is said that in countries such as Sri Lanka, one percent of the urban population, that is at least about 15 million people survive by separating what can be reused from the waste that others dispose of.  Jun 10, 2017Jun 10, 2017 Sri Lanka Guardian Columnists, Feature, Lionel Bopage, Sri LankaNo comments When a country lacks genuine good governance; government administration becomes weak. Politicians become misled as they do not receive from a passive, poorly disciplined and unprincipled bureaucracy appropriate advice for social development. Political commitment to implement the pledges they made to the people when they came to power, has vanished. by Lionel Bopage ( June 10, 2017, Melbourne, Sri Lanka Guardian) In an environment where affluent families are dominant, garbage becomes waste though it may then become an important source of income for some of the poor people living in urban areas. It is said that in countries such as Sri Lanka, one percent of the urban population, that is at least about 15 million people survive by separating what can be reused from the waste that others dispose of. In areas like Blumenthal and Meethotamulla where garbage has been piled up into mountains, and in areas proposed such as Ekala where garbage is to be re-piled, some people survive by finding something beneath these mountains of garbage to sell or eat. The people, who go through these garbage mountains are subject to poisoning and toxic smoke and face various kinds of diseases. When managing waste in a country, betterment of the lives of such people needs to become part of that management process. In the subject curriculum of environment used in many schools, waste management can also be included. Creating awareness of students from kindergarten upwards and their parents and neighbours through educational activities conducted at their homes and providing them with the necessary facilities is an important part of a waste management programme. A national program of waste management can be launched using such school-based activities on waste management as well as the activities that can be practised in day to day life as a model. Contribution to the tragedy Meethotamulla is not the first garbage mountain that has collapsed. Unless conscious measures are taken to prevent such situations from occurring in the future, it will not be the last. One cannot talk about this garbage mountain without mentioning the fact like everywhere else in the world, Lankans also live in a consumer (more…)
Apr 282017
Greenfire supports blockchain business and technology. It is a belief held by Greenfire that business is growing into a blockchain technology based accountability system that will provide the move into a more sound money system. Aaryn Prettyman   Maybe you’ve heard the term “blockchain” but aren’t quite sure what it is. You’d be in good company. However you may want to start learning, as it just may be a technology platform that changes the ARM industry someday. In super-simple terms, blockchain is a decentralized way of keeping track of what is “true” (i.e. who owns what, who has signed what, who has paid what, etc.). This decentralized mechanism is called a “distributed ledger” – imagine a town checkbook, but instead of living in city hall, everyone in the town has a copy of it. Each time an entry is made it must be validated by everyone with a copy, and then everyone’s copy is updated. Each update is a new “block” in the “chain,” and each block needs all the other blocks to form the whole picture. The result is said to be a highly secure, transparent, interdependent chain.  Today, most information is tracked in major centralized databases owned by one company (or government) or another. As we know, these databases are often vulnerable to hackers, they are not at all transparent, and they can be difficult to get corrected when they are wrong. This has created a lack of trust in our systems, and makes it frustrating to do business. Blockchain was first used to manage bitcoin, the new kind of electronic currency that pretty much operates on the fringe. But many are now experimenting with a wide range of other, more mainstream uses. One example is that the State of Arizona has just passed a bill giving legal status to smart contracts and blockchain based signatures. Here’s what the bill says, "A signature that is secured through blockchain technology is considered to be in an electronic form and to be an electronic signature. A record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record. Smart contracts may exist in commerce. A contract relating to a transaction may not be denied legal effect, validity or enforceability solely because that contract contains a smart contract term. For the purposes of this section: “Blockchain technology” means distributed ledger technology that uses (more…)
Apr 112017
Land Department and MPKj officers visiting the former forest reserve of Bukit Enggang in Bandar Sungai Long. The site is being used to illegally dump rubbish and carry out open burning activities. — SAMUEL ONG/The Star ILLEGAL rubbish dumping and open burning at the former forest reserve of Bukit Enggang in Bandar Sungai Long are posing serious health problems for residents. Over the past 10 years, there have been about 10 illegal rubbish dumps in Bukit Enggang. The residents claimed this had made them fall sick and their children were coughing badly after inhaling smoke from the open burning. The illegal dumping problem has not been resolved despite residents’ many complaints and actions by the Kajang Municipal Council (MPKj). Sungai Long resident Yong Yew Hong, 53, who lived there for more than three years, said he jogged in Bukit Enggang every day. “At midnight every day a few rubbish and sand trucks filled with rubbish enter Bukit Enggang and come out empty,” said Yong when visiting the rubbish dump at Bukit Enggang. “There are about 10 rubbish dumps in the housing areas near Bukit Enggang where residents suffer from the foul smell and smoke from the burning of rubbish. “They start burning the rubbish in the evening every day. This causes the air in the housing area to be hazy. Another Sungai Long resident Lee Hui Leng, 34, said they were forced to close their windows and doors to keep the smoke out. “When my husband and I drove past the area one night, we noticed the people burning the rubbish with kerosene,” said Lee. Jogger Benny Ong, 74, said he had been exercising and jogging at Bukit Enggang for about 20 years. “Now Bukit Enggang is famous for illegal dumping. The foul smell and smoke from the rubbish dumps have kept joggers away. “There are food waste, broken furniture, development waste and many more at the rubbish dumps,” said Ong. Kajang Municipal councillor Lai Wai Chong said MPKj received 52 complaints from the residents in February and confiscated 12 vehicles. “Each offender was fined RM2,000 and their vehicles confiscated for a month. “We will return the vehicles to the offenders only after they pay up the fine,” he said, adding that the council would keep a 24-hour watch over the area to catch the culprits red-handed. Source: Open burning at illegal rubbish dumps a health risk for Bukit Enggang (more…)
Apr 082017
I don't like war. What good is it?   As we made our way around the world we encountered love, hate, rich and poor, black and white, and many different religious groups and ideologies. It became very clear that as a human race we need to transcend from the darkness to the light and music is our weapon of the future. This song around the world features musicians who have seen and overcome conflict and hatred with love and perseverance. We dont need more trouble, what we need is love. The spirit of Bob Marley always lives on. Download this video here: http://bit.ly/2kLC6Yb         Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Apr 032017
INDONESIA: The Methane Gas Canteen is an eatery like no other – it’s situated right in the middle of the Jatibarang Landfill in Semarang, Central Java, surrounded by mounds of putrefying waste, household rubbish, broken glass and plastic. Every day, while men, women and children dig through mountains of trash collecting plastic and glass bottles to sell, husband and wife team Sarimin and Suyatmi are busy cooking. Their customers? Cash-strapped scavengers who have the option to pay for their meals with plastic waste instead of money – part of the community’s novel solution to recycle the non-degradable plastic and reduce waste in the landfill. Mr Sarimin, 56, weighs the amount of plastic each customer brings to the diner and calculates how much it is worth. This value is then deducted from the cost of the meal, or any surplus value refunded to the customer. “I think we recycle 1 tonne of plastic waste a day, which is a lot. This way, the plastic waste doesn’t pile up, drift down the river and cause flooding. “This doesn’t only benefit the scavengers, it benefits everyone,” said Mr Sarimin. WATCH: How this works (2:08)   </p> </p></div> <p> The couple were profiled in a recent episode of Indonesia’s Game Changers, a series about inspiring individuals whose creativity and perseverance wrought changes around them. (Link: <a data-cke-saved-href="http://video.toggle.sg/en/series/indonesia-s-game-changers/ep3/483743" href="http://video.toggle.sg/en/series/indonesia-s-game-changers/ep3/483743">Watch the full episode here</a>) </p> <p> The diner, which seats about 30 people, serves dishes like mangut rice with catfish and rice with boiled egg for between US$0.40 and US$0.80 each. </p> <p> Opened in January 2016, the diner was the brainchild of Mr Agus Junaedi, the former head of Jatibarang Landfill. He was tasked in 2014 by Semarang’s mayor Hendrar Prihadi to reduce the amount of plastic waste in the landfill. Some 800 tonnes of waste end up in this landfill every day, and 40 per cent of it is plastic waste. </p> <p> Mr Agus said that price of plastic was drastically devalued at that time, at around US$0.04 per kg. “Naturally, no one wanted to collect plastic waste. So, we thought, why don’t we get the scavengers to pay for their meal with plastic waste” he said. </p> <p> <img alt="" data-cke-saved-src="http://www.channelnewsasia.com/blob/3645178/1491092442000/igc-landfill-4-data.jpg" src="http://www.channelnewsasia.com/blob/3645178/1491092442000/igc-landfill-4-data.jpg"/> </p> <p> <strong>FREE METHANE GAS FROM TRASH</strong> </p> <p> Mr Sarimin said he and his wife have doubled their daily income by opening the diner, compared to just scavenging alone. (more…)