technology

Robert P. Murphy: The Economics of Bitcoin

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Continue ReadingRobert P. Murphy: The Economics of Bitcoin

Robert P. Murphy: The Economics of Bitcoin

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Continue ReadingRobert P. Murphy: The Economics of Bitcoin

Robert P. Murphy: The Economics of Bitcoin

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Continue ReadingRobert P. Murphy: The Economics of Bitcoin

Robert P. Murphy: The Economics of Bitcoin

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Continue ReadingRobert P. Murphy: The Economics of Bitcoin

“Justice” in Amerika: Two Years for Rape, Ten Years for Hacking

"Last March, following a national outcry, two high school football stars from Steubenville, Ohio were convicted of raping a 16-year-old girl. A few weeks later, an FBI SWAT team raided the Steubenville home of 26-year-old corporate cybersecurity consultant Deric Lostutter, who obtained data in which members of the football team had joked about the rape and mocked the victim. Lostutter faces up to ten years in prison – as compared to the one and two-year sentences handed out to the Steubenville rapists. The Regime threatening to send this hacker to prison is currently conducting wholesale warrantless surveillance of telephone and internet communications." Continue reading →

Continue Reading“Justice” in Amerika: Two Years for Rape, Ten Years for Hacking

Las Vegas Sands’ Sheldon Adelson ‘Morally Opposed’ to Online Betting

"Las Vegas Sands Corp. (LVS) Chairman and Chief Executive Officer Sheldon Adelson is 'morally opposed' to online gambling, calling it a 'toxin' that will rob the young and poor. Adelson, who controls the world’s biggest casino company by market value, also outlined his objections to online gambling in an opinion piece in Forbes yesterday. The Internet betting option is gaining momentum as U.S. states seek to tax a business forecast to generate billions of dollars. In February,New Jersey became the most-populous U.S. state to legalize online gambling, following Nevada and Delaware." Continue reading →

Continue ReadingLas Vegas Sands’ Sheldon Adelson ‘Morally Opposed’ to Online Betting

Boston University sues Apple claiming it stole professor’s 1997 idea

"Theodore Moustakas, a professor of electrical and computer engineering at Boston University, published a patent for 'highly insulating monocrystalline gallium nitride thin films' in November 1997 The patent is set to expire in 2015. Boston University has not made a comment as to why the university chose this time to file on Mr. Moustakas' behalf. BU has asked Apple to halt the sales of the iPhone 5, iPad, and MacBook Air, and has asked for damages. Apple has sold more than 100 million iPads and 55 million copies of the iPhone 5." Continue reading →

Continue ReadingBoston University sues Apple claiming it stole professor’s 1997 idea

Your Computer Is Watching You: AOL Rolls Out Emotion Tracking

"One of the fastest growing areas in neuromarketing is webcam-based emotion tracking. The popularity of this technique is underscored by AOL’s new partnership withRealEyes. Be On, an AOL unit that offers advertisers branded video, will provide their customers with quick feedback on how viewers reacted to their videos. The emotions are determined by automated analysis of facial expressions captured by webcam. Regular users don’t need to worry about being secretly analyzed, at least for now. Only panels of subjects that have explicitly consented to participate in the expression monitoring activity will be tested." Continue reading →

Continue ReadingYour Computer Is Watching You: AOL Rolls Out Emotion Tracking

‘I filmed the first fight and arrest through Google Glass’

"A few rowdy July 4th celebrations on a New Jersey boardwalk turned into real-life Jersey Shore as one of Google’s Glass Explorers happened to be testing the extended video recording option on his Google Glass device. ;I picked up my Google Glass explorer edition last week,' Chris Barrett told me. 'I wanted to test Glass out, so I filmed some fireworks, getting a very cool first-person perspective. About 10 minutes after the fireworks, we were walking back to our car, and I just decided to try it out on the boardwalk.' The result is that Barrett caught the aftermath of a fight and arrest, on camera, through Google Glass." Continue reading →

Continue Reading‘I filmed the first fight and arrest through Google Glass’

Swiss pilot cleared to finish solar plane trek across U.S.

"For Swiss pilot Bertrand Piccard, flying an experimental solar aircraft across America has been exhilarating, but perilous at times. His wispy, fuel-free aircraft, the Solar Impulse, is poised to take off Saturday on its final leg of a cross-country US tour aimed at showcasing the promise of clean energy. The plane’s American trip is just the latest in a series of groundbreaking flights across different parts of the world, including Europe and Africa. Piccard said the next plane will be 10 percent bigger, with more power, reliability, an auto-pilot function and a toilet so that pilots can make the four to six day long trips that will be part of its journey across the world in 2015." Continue reading →

Continue ReadingSwiss pilot cleared to finish solar plane trek across U.S.