Mind Matters Natural and Artificial Intelligence News and Analysis

TagCryptography

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matching keys made of circuits & led lights, encryption & crypto

Cryptography: Are Non-Fungible Tokens a Scam? Or Can They Work?

By Warren Buffett’s logic, if cryptocurrencies are rat poison squared, non-fungible tokens are rat poison to an infinite power. But is that all there is to be said about them?

Introduction: At Expensivity, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud. So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 1, he looks at the problems with making NFTs work. 1 Non-Fungible Tokens: Rat Poison Raised to an Infinite Power? “Poised to radically reconfigure the crypto-asset market, non-fungible tokens, or NFTs, are revolutionizing our conception of money and value, creating not just entirely new markets but even new economies that are…

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Hands hold a paper sheet with the message your vote matters over a crowded street background. People legal and democratic rights, every voice counts. Election campaign and electoral agitation concept

How Crypto Can Help Secure Fair Elections

Here’s what we need for a cryptosecure election protocol (CEP)

(Recently, we’ve been asking readers to think about Alice and Bob, the famous pair in physics used to demonstrate propositions in a variety of contexts but we began to focus on what happens if Alice and Bob are competing for a political office. Bernard Fickser, whose argument for reform we have been following, offers a look at how a crypto secure election system might work.) We now come to the most interesting part of this article, namely, a cryptographically based protocol for securing elections. If such a protocol can be made to fly, it will do much to secure free and fair elections as well as to boost voter confidence that votes are being accurately counted and not mixed with…

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A fish with wide open mouth and big eyes, Surprised, shocked or amazed face front view

Is Dembski’s Explanatory Filter the Most Widely Used Theory Ever?

It turns out that legions of critics of the Filter use it all the time, without noticing

William Dembski created quite a stir in the world of information theory with his book The Design Inference. For the first time, he outlined a rigorous method for identifying design, which he called the explanatory filter. Since then many critics have claimed that Dembski’s proposed filter is without merit due to the lack of application in the couple of decades since its invention. But, are the critics right, or are they wrong—wrong in the way that a fish doesn’t recognize water because water is the very atmosphere of the fish’s existence? Let us first remind ourselves of Dembski’s explanatory filter. His filter proceeds in three main steps. Eliminate events of large probability (necessity) Eliminate events of medium probability (chance) Specify…

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Light in bokeh effect

Quantum Randomness Gives Nature Free Will

Whether or not quantum randomness explains how our brains work, it may help us create unbreakable encryption codes

When I was boy, my father explained free will and predestination to me: I dig a fence post hole. · Did I create the hole because of my own free will? · Or was the hole already there and I simply removed the dirt? If true, the hole was predestined. The question cannot be answered by examining the evidence. In philosophy terms, it is “empirically unanswerable.” That is the sort of stuff that philosophers debate. Religious people might point to scripture to support one conclusion over the other.1 In physics, however, quantum randomness offers a definitive answer to the question of predestination vs. free will—for subatomic particles. In the world of classical physics (Isaac Newton’s physics), it can be argued…