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Ethereum and the Artificial Man

Ethereum and the Artificial Man | Trading The Markets | Scoop.it
Governments by nature are slow, clunky, and extremely inefficient. The ideologies which support governance structures and mandates are outdated and no longer meet the demands of mass populations. Both are indicators that the world is on the verge of a massive transformation and shift towards de-centralization.

The blockchain and AI de-centralized economic framework which is emerging has been ghosting around in my peripheral for the last few years. Much of the metaphysical writings, and esoteric concepts, which we have been exploring over the years, especially the awareness about fragmentation around the PrimNomics concept, have been developing my own capability to understand and accept the reality and ramifications of blockchain and de-centralized AI economics.

Some of you are already affiliated with the language around these concepts, while for others it will be new. But the pieces fit together, and the larger picture starts to come into focus when we expand our own understanding and exposure to this new and exciting world. The consequences of the printing press comes to my mind when I think about blockchain and Ethereum.

The cryptocurrency craze is built upon the blockchain technology. Blockchain was created in mystery, with the assumed inventor disappearing into obscurity. Some have made the case that blockchain was in fact created by AI for the purpose of building a de-centralized AI economy. That could be the case, but regardless, the technology is here to stay, and will infiltrate and transform all aspects of human existence and interaction.

The best way I’ve found to understand blockchain is to compare it to the human brain. The brain has synapses which serve the function of allowing neurons to transfer electrical and chemical signals to other neurons. Like the neurons in the human brain, the blockchain technology has nodes which serve the same purpose of transferring information and data. Once the data exists on the blockchain, it can never be destroyed or altered. There will always be an accurate record of all transactions.

This is being likened to an artificial intelligence hive mind which will eventually connect everything in the world, including SMART appliances, SMART watches, SMART cities, and eventually SMART human beings. But I would like to take it a step further and suggest that blockchain technology, and Ethereum specifically, is more comparable to the whole human body and DNA in particular. The complex interactions and transactions which take place within the body and our DNA are being replicated on the blockchain and Ethereum platforms.

This has explosive repercussions on our understanding and acceptance of the de-centralized world which is now emerging in our midst. One of the big esoteric questions we’ve always asked ourselves regarding our individual material, spiritual, and mental fragmentation, was how do we complete a process of de-fragmentation without surrendering to a material centralization which would dominate the totality of our lives?

We can see with blockchain and Ethereum, that a massive de-centralization, or de-fragmentation, of processing and functionality, will allow each individual component to maintain individuality, while the art of de-fragmenting our human inefficiencies can proceed without corrupting into ideological disasters, such as Communism and other externalizations of human weakness.

The recent explosion in the value of Bitcoin is indicative of the growing interest in the blockchain technology. But in some regards Bitcoin is already obsolete. There are some fundamental differences between Bitcoin and Ethereum. Here is a list of just seven which have been complied by Cryptocompare.com:
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Bitcoin Loses Steam as Steam Loses Bitcoin

Bitcoin Loses Steam as Steam Loses Bitcoin | Trading The Markets | Scoop.it
The skyrocketing price of Bitcoin has dominated the financial news for the past few weeks, and the usual suspects are queuing up to offer predictions about its continued rise or inevitable fall. Yet it’s not all good news for fans of the cryptocurrency: in a notable decision, the digital distribution platform Steam has announced that it will no longer be accepting payment in Bitcoin.

In the grand scheme of things, Steam’s new policy will likely have little impact on the use or price of Bitcoin as such. Rather, the decision is significant because it highlights an underlying economic question about the future of the cryptocurrency. Specifically, Steam’s example shows that despite an enormous gain in market value, Bitcoin still has a long way to go before it becomes money.

Money is conventionally defined as a generally accepted medium of exchange, the key part of this definition being “generally accepted.” In order to be adopted on such a large scale, a medium of exchange must fulfil certain basic criteria, the most important of which is that it must be capable of serving as a tool for economic calculation. Entrepreneurs must be able to use a means of payment to compare the costs and benefits of different production plans, and this in turn requires a degree of stability in the value of money. Of course, money’s value is never constant: but it must be dependable. The inability of entrepreneurs to calculate is one reason why extreme price inflation creates widespread social havoc—planning production becomes difficult if not impossible.
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Financial-market index-makers are growing in power

Financial-market index-makers are growing in power | Trading The Markets | Scoop.it
IT WAS in 1896 that Charles Dow, co-founder of Dow Jones & Company, created the index that still bears his name. Today, indices such as the Dow Jones Industrial Average and the S&P 500 (for shares listed in New York), or the FTSE 100 (for London), are among the best-known brands in financial markets.
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RBI’s forex operations risk India being tagged currency manipulator: report

RBI’s forex operations risk India being tagged currency manipulator: report | Trading The Markets | Scoop.it
RBI’s sustained interventions in forex operations has brought India close to entering US’s watchlist for currency manipulation, says Edelweiss report
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Thinking the unthinkable: Japan's stocks slip free of yen's grip | The Japan Times

Thinking the unthinkable: Japan's stocks slip free of yen's grip | The Japan Times | Trading The Markets | Scoop.it
It's still early, but there are signs Japan's equity market is approaching escape velocity when it comes to a force that has entranced it for years. It's t
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Solar Energy Stocks Dip Post-Solar Eclipse | Investing News Network

Solar Energy Stocks Dip Post-Solar Eclipse | Investing News Network | Trading The Markets | Scoop.it
Monday's eclipse knocked out large quantities of solar power across the US, and a number of solar energy stocks have been on the decline since then.
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Houshi Ryokan - founded 1,300 years ago and managed by the same family

Houshi Ryokan was founded around 1,300 years ago and it has always been managed by the same family since then. It is the oldest still running family business in the world.

 

This ryokan (a traditional japanese style hotel) was built over a natural hot spring in Awazu in central Japan in the year 718. Until 2011, it held the record for being the oldest hotel in the world.


Houshi Ryokan has been visited by the Japanese Imperial Family and countless great artists over the centuries. Its buildings were destroyed by natural disasters many times, but the family has always rebuilt. The garden as well as some parts of the hotel are over 400 years old.


Via Kenneth Mikkelsen
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Kenneth Mikkelsen's curator insight, January 16, 2015 4:36 AM

Owned by the same family for 1,300 years, the Japanese inn Houshi Ryokan is a marvel of tradition and resilience.


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BIBLICAL: How Bad is the Drought in America’s West? Here Are BEFORE & AFTER Pics, Taken 3 Years Apart…

BIBLICAL: How Bad is the Drought in America’s West? Here Are BEFORE & AFTER Pics, Taken 3 Years Apart… | Trading The Markets | Scoop.it
Before & After: Here, the Enterprise Bridge spans the Lake Oroville in Butte County, California in July 2011. from Imgur...
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Forex - GBP/USD near 4-month lows, BoE still weighs - NASDAQ

Forex - GBP/USD near 4-month lows, BoE still weighs - NASDAQ | Trading The Markets | Scoop.it
Forex - GBP/USD near 4-month lows, BoE still weighs
NASDAQ
Investing.com - The pound hovered near four-month lows against the U.S.
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RBI to Continue Increasing Forex Reserves Cover: BofA-ML ...

RBI to Continue Increasing Forex Reserves Cover: BofA-ML ... | Trading The Markets | Scoop.it
The forex reserves touched $320.564 billion in the week to July 25, a tad below the all-time high of $321 billion in September 2011.
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Commodity Mcx Trading Tips : Gold Support Levels 28500-28640 - Intradaylivetips

Commodity Mcx Trading Tips : Gold Support Levels 28500-28640 - Intradaylivetips | Trading The Markets | Scoop.it
TweetGold Gold costs are predictable upon to have Lower Side at 28870-28970 and selling ought to develop there. Costs on lower face have Support at 28500 and 28640. Costs ought not to move over 29080 to keep up negative position Continue reading →

Via Anjali Sharma
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Feds start to crack down on fraud as #Bitcoin soars. #GlobalAsiaTrader @investorseurope 

Feds start to crack down on fraud as #Bitcoin soars. #GlobalAsiaTrader @investorseurope  | Trading The Markets | Scoop.it
The SEC and FBI are taking a closer looks at Initial Coin Offerings for potential fraud as the price of Bitcoin breaks new records.

Via Ihozo Nice
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Ihozo Nice's curator insight, December 8, 2017 2:05 PM

"The premier digital currency, Bitcoin, crossed $17,000 in value Thursday before plunging back to $14,000. Others like it are gaining in popularity as prices climb to meteoric heights."

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Navigating financial market fluctuations in the UAE and worldwide - Gulf Business

Navigating financial market fluctuations in the UAE and worldwide - Gulf Business | Trading The Markets | Scoop.it
Here's how brokers should deal with market volatility
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INVESTMENT EXTRA: Is stock market heading for a crash?

INVESTMENT EXTRA: Is stock market heading for a crash? | Trading The Markets | Scoop.it
With the internationally-
focused FTSE 100 soaring since Brexit due to the weak pound increasing
the value of overseas
investments, weakness in markets like the US could
also hit the UK.
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This Entrepreneur's Eye-Catching Instagram Keeps Her Nail Salon 100 Percent Booked

This Entrepreneur's Eye-Catching Instagram Keeps Her Nail Salon 100 Percent Booked | Trading The Markets | Scoop.it
WAH Nails founder Sharmadean Reid uses her account to give fans and customers an inside look into what it's like to work at her salon.
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Will Continued Investments Drive Alternative Energy Stocks?

Will Continued Investments Drive Alternative Energy Stocks? | Trading The Markets | Scoop.it
Contracts from small- to medium-size companies -- in more places around the world -- will continue to flow in even if large corporations choose to tread cautiously.
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The Rise of Zombie Companies — And Why It Matters

The Rise of Zombie Companies — And Why It Matters | Trading The Markets | Scoop.it
The Bank of International Settlements (BIS) has warned again of the collateral damages of extremely loose monetary policy. One of the biggest threats is the rise of “zombie companies.” Since the “recovery” started, zombie firms have increased from 7.5% to 10.5%. In Europe, Bof A estimates that about 9% of the largest companies could be categorized as “walking dead.”

What is a zombie company? It is — in the BIS definition — a listed firm, with ten years or more of existence, where the ratio of EBIT (earnings before interest and taxes) relative to interest expense is lower than one. In essence, a company that merely survives due to the constant refinancing of its debt and, despite re-structuring and low rates, is still unable to cover its interest expense with operating profits, let alone repay the principal.

This share of zombie firms can be perceived by some as “small.” At the end of the day, 10.5% means that 89.5% are not zombies. But that analysis would be too complacent. According to Moody’s and Standard and Poor’s, debt repayment capacity has broadly weakened globally despite ultra-low rates and ample liquidity. Furthermore, the BIS only analyses listed zombie companies, but in the OECD 90% of the companies are SMEs (Small and Medium Enterprises), and a large proportion of these smaller non-listed companies, are still loss-making. In the Eurozone, the ECB estimates that around 30% of SMEs are still in the red and the figures are smaller, but not massively dissimilar in the US, estimated at 20%, and the UK, close to 25%.

The rise of zombie companies is not a good thing. Some might say that at least these companies are still functioning, and jobs are kept alive, but the reality is that a growingly “zombified” economy is showing to reward the unproductive and tax the productive, creating a perverse incentive and protecting nothing in the long run. Companies that underperform get their debt refinanced over and over again, while growing and high productivity firms struggle to get access to credit. When cheap money ends, the first ones collapse and the second ones have not been allowed to thrive to offset the impact.

Low interest rates and high liquidity have not helped deleverage. Global debt has soared to 325% of GDP. Loose monetary policies have not helped clean overcapacity, and as such zombie companies perpetuate the glut in many sectors, driving down the growth in productivity and, despite historic low unemployment rates, we continue to see real wages stagnate.

The citizen does not benefit from the zombification of the economy. The citizen pays for it. How? With the destruction of savings through financial repression and the collapse of real wage growth. Savers pay for zombification, under the mirage that it “keeps” jobs.

Zombification does not boost job creation or buy time, it is a perverse incentive that delays the recovery. It is a transfer of wealth from savers and healthy companies to inefficient and obsolete businesses.
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Investor Net Worth Drops To New All Time Low, NYSE Reveals

Investor Net Worth Drops To New All Time Low, NYSE Reveals | Trading The Markets | Scoop.it
While in July margin debt did dip modestly from near all time highs hit back in June when total margin debt was virtually tied with the previous record, at $464 billion, it was that other metric tracked by the NYSE, namely Investor Net Worth, calculated by subtracting margin debt from the notional represented in free credit cash accounts and credit balances in margin accounts, that was the notable highlight in the July report: at a negative $182.1 billion, a decline of $6.3 billion from the prior month, investor Net Worth has never been lower.
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FOREX-Euro shrugs off disappointing GDP data, data-hit dollar helps - Reuters

Reuters
FOREX-Euro shrugs off disappointing GDP data, data-hit dollar helps
Reuters
... * Euro survives GDP test but outlook still poor. * Dollar hit by lacklustre jobless claims, supports euro.
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Download Mob Boss: A Biography in Blood - Jenyne

Download Mob Boss: A Biography in Blood - Jenyne | Trading The Markets | Scoop.it

Mob Boss: A Biography in Blood book download. BLACK MASS, the motion picture adaptation of our previous book about Whitey that incorporates material from our new biography .Former mob boss leaves mafia for God ...


Via Michael M Dickson
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Crime Sells!

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Forex trading headlines for Asia Monday 11 August 2014 | ForexLive

Forex trading headlines for Asia Monday 11 August 2014 | ForexLive | Trading The Markets | Scoop.it
A slightly better mood on markets this Monday in Asia as Ukraine tensions levelled off over the weekend, or at least didn't deteriorate sharply, and maybe some sort of ceasefire developing in Gaza; US air force efforts in Iraq ...
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