Bitcoin uses energy. Lots of energy. It does this because as an incentive to ‘run the network,’ the Bitcoin protocol sets up a proof of work mechanism whereby to certify a block on the blockchain you need to win a computational contest. The great news is that this is a contest that everyone can have a chance of winning.
Articles from Digitopoly
Mainstream writers do not discuss online sex and porn for fear of touching unseen landmines that offend readers. It is part of a phenomenon that I call the hush-hush norm. There are permeable boundaries between rebellious and mainstream hackers, and between porn and mainstream content providers. Yet, the mainstream press discusses all of it as if sex and porn do not exist.
When asked about the current Bitcoin price increase, pretty much all economists agreed it is a bubble. This is not to say that we wouldn’t have minded being given some bitcoin back in 2011 and have forgotten about it until now. But the massive volatility along with the exponential price movements over the past day, week, month, year or what have you, is something we have seen all too often before. Every decade or so, there is a bubble in something. For 2017, it is bitcoin.
Prairie Home Companion begins with a mischievous maxim that all children in Lake Wobegon are above average. The equivalent adage in Silicon Valley goes like this: Every insider acts like an outsider.
AT&T and Time Warner want to merge. They don’t really operate in the same market — AT&T is a distributor (specifically through wireless and Direct TV) while Time Warner has content — notably HBO, CNN and its Warner movie releases.
Have you ever wondered what economists do fun in Indiana? You might think that they could benefit from the global supply of digital goods like everyone else without having to worry about local effects. But you would be wrong. They are always thinking local.
One of the most compelling reasons why a superintelligent (i.e., way smarter than human), artificial intelligence (AI) may end up destroying us is the so-called paperclip apocalypse. Posited by Nick Bostrom, this involves some random engineer creating an AI with the goal of making paperclips. That AI then becomes superintelligent and in the single minded pursuit of paperclip making ends up appropriating all of the world’s (and maybe universe’s) resources.
Technology and business forecasting is hard. I get that. That is one reason I try to avoid it except, of course, for fun or to get attention. But the one thing that continues to perplex me is why pundits keep coming back to one specific well: that Apple is doomed.
It is not even close.
I was recently asked what books I thought any MBA must read. I figured I would share my list 5 books with everyone.
OK 12 books. It’s hard to pair it down.