Mind Matters Natural and Artificial Intelligence News and Analysis

Tagbitcoin

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Blockchain technology. Information blocks in digital space. Decentralized global network. Cyberspace data protection. 3D illustration with elements of a binary code

While the West Hesitates, China Is Moving to Blockchain

Life After Google by George Gilder, advocating blockchain, became a best seller in China and received a social sciences award

In this week’s podcast, “George Gilder on blockchain and carbon computing,” tech philosopher George Gilder and computer engineer Robert J. Marks, our Walter Bradley Center director, continued their discussion of the impact of artificial intelligence (AI). This time, they focused on the future of blockchain, of quantum computing, and carbon computing.What difference will they make? Quite a lot it seems. Today, we will look at what happens when blockchain goes global. You can download Gilder’s new book, Gaming AI, for free here. The three earlier episodes and transcripts in this series are also linked below. And so now… https://episodes.castos.com/mindmatters/Mind-Matters-108-George-Gilder.mp3 Gilder and Marks discussed both the huge surge of interest in blockchain in China and the central weakness of Bitcoin, whose…

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bitcoin wallet and currency

George Gilder on Blockchain and Carbon Computing

George Gilder and Robert J. Marks discuss blockchain, Bitcoin, quantum and carbon computing, and George Gilder’s new book Gaming AI: Why AI Can’t Think but Can Transform Jobs (which you can get for free here). Show Notes 00:26 | Introducing George Gilder 01:00 | Blockchain 07:57 | Facial recognition 10:30 | Bitcoin 15:04 | Quantum computing 18:16 | Carbon computing…

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Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Has COVID-19 Helped or Harmed Crypto and Blockchain?

Cryptocurrencies rebounded after an initial slump earlier this year

The recently aired discussion at COSM about the future of bitcoin and other privately minted cryptocurrencies took place last October, before COVID-19 was much thought of in the Western world. Catching up, the cryptos and blockchain had a rough ride earlier this year but they have stabilized recently. In February, as the pandemic sent markets scurrying, things were looking grim for the cryptos: During the last week, the spread of the coronavirus has been all over the news; the virus, which had remained well-contained in China, spread throughout South Korea, Iran, Italy, and is now reaching its fingers into other parts of Europe. The New York Times reported on Thursday that “the signs were everywhere…that the epidemic shaking much of…

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Worried doctors and medical researchers on conference meeting, discussing possible solutions for resolving a world health crisis. Health and medical care concept. Selective focus.

Computers Excel at Finding Temporary Patterns

Which contributes to the replication crisis in science

The scientific method calls for the rigorous testing of plausible theories, ideally through randomized controlled trials. For example, a study of a COVID-19 vaccine might give the vaccine to 10,000 randomly selected people and a placebo to another 10,000, and compare the infection rates for the two groups. If the difference in the infection rates is too improbable to be explained by chance, then the difference is deemed statistically significant. How improbable? In the 1920s, the great British statistician, Sir Ronald Fisher , said that he favored a 5 percent threshold. So 5 percent became the Holy Grail. Unfortunately, the establishment of a 5 percent hurdle for statistical significance has had the perverse effect of encouraging researchers to do whatever…

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Twitter handle with care

What’s the Main Thing We Should Learn from the Big Twitter Hack?

Yes, Twitter got control of its platform back but not before its credibility in security matters was significantly weakened

As we reported at the time, on July 15, hackers gained control of a number of Twitter “Blue Checkmark” accounts. Twitter hands out Blue Checkmarks to accounts that exert heavy influence and have verified identities. That status permits many parody accounts to operate without generating confusion over who is really tweeting, the account or the parody. In any case, on Twitter, the Blue Checkmarks have quite a bit of power. They get access to analytics on their posts so they can measure (and manipulate) their engagement with their followers. Many influencers look for “Blue Checkmark” status to see if an account is worth engaging with. Twitter even allows the “Blue Checkmarks” to filter their conversations so as to limit them…

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Check mark on shield, Security, safe, privacy or other Security concept background, Data Protection Concept, Technology Background

Hackers Seize Popular Twitter Accounts for Giant Bitcoin Scam

Scammers have gained access to a number of high-profile Twitter accounts, including those of Warren Buffett, Bill Gates, Kanye West, and Elon Musk

Today, hackers gained control of a number of Twitter accounts, and used them to scam people out of their Bitcoin money. As we have reported before, the security within Bitcoin actually seems to facilitate scams. In the current ripoff, scammers have gained access to a number of high-profile Twitter accounts, including those of Warren Buffett, Bill Gates, Kanye West, and Elon Musk. Their usual line is that they are seeking matching donations to a good cause. So if the user sends Bitcoin to a certain wallet address, the high-profile Twitter account will send a matching donation. However, the wallet address (and the promised match) are both frauds, and the money goes straight into the scammers’ pockets. It is unclear how…

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gold-colored Bitcoin coin on ground

And Now… Crypto-COVID!

How the COVID-19 pandemic is creating “social distance” for crypto-currencies

While the equity markets have garnered a lot of attention in the COVID-19 pandemic, cryptocurrencies have been largely ignored by the media. This is partly because interest in cryptocurrency in general has waned over the last two years. But the pandemic has shed some light on their market mechanics.

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Bitcoin bubble cryptocurrency with Tulip bulbs -Tulip mania market crash concept image

Bitcoin Is a Classic Bubble Investment

In large data sets, correlations are easy to find. Useful relationships are more elusive

My main interest in cryptocurrencies like bitcoin is in whether they are sound investments. I’m a value investor—I even wrote a book about that—and the short answer is no.

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Bingecast: Blockchain and Bitcoin

With Will Fullerton

Robert J. Marks and Will Fullerton discuss what changes await as we enter the implementation phase of a foundational technology: blockchain. While China is making a multi-billion dollar investment, IBM is betting on countless blockchain projects. And by promising to disintermediate financial institutions, blockchain holds the promise of radically reducing obstacles and overhead from human transactions. Still, challenges remain to…

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Cryptic characters in neon, a password or curse word

Bitcoin: Is Lack of Trust the Biggest Security Threat?

It’s almost a parable: Everyone can see, no one can access, the millions trapped in the ether by a password known only to a dead man

Is this the future of currency? Seems like the Dark Ages to me. Bitcoin is a clever idea, but it is perhaps too clever for its own good.

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Personal Bitcoin Wallet with euro coins

How Bitcoin Works: The social value of trust

The idea of employing such a game to guarantee validity in a trustless environment is nothing short of groundbreaking. It is an amazing accomplishment, and I am impressed by it more each time I think about it. However, it does have some drawbacks, which, I think, will ultimately lead to its demise.

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Why Do We Think Money Is Real?

It is actually a constantly shifting network of agreements to trust others

It is actually a constantly shifting network of agreements to trust others. Maria Bustillos, editor of Ethereum’s culturemag, Popula, asks us to think about just what money is before we make up our minds about Bitcoin.

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Bitcoin gold coin. Cryptocurrency concept.

A Wallet You Can’t Feel?

Will Bitcoin change the rituals around money?

It’s tempting to assume that cryptocurrencies like Bitcoin will succeed because social media did. But digital doesn’t mean magic. Cryptocurrencies will work if the needs met are more significant to most people than the problems created are.

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Is Bitcoin Safe?

Why the human side of security is critical

Bitcoin solves a lot of tough problems in very ingenious ways. Unfortunately, however, those benefits don’t tend to translate well for end users, who are not nearly as ingenious as the people developing the system.

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Trusting the Blockchain

Will Fullerton on Blockchain as a Foundational Technology

Robert J. Marks and Will Fullerton discuss what changes await as we enter the implementation phase of a foundational technology: blockchain. While China is making a multi-billion dollar investment, IBM is betting on countless blockchain projects. And by promising to disintermediate financial institutions, blockchain holds the promise of radically reducing obstacles and overhead from human transactions. Still, challenges remain to be solved that are inherent to the technology. Join Bob and Will for a stimulating conversation. Read More ›