Lifeboat Foundation

The Marshall Islands made its own cryptocurrency, doing away with the US dollar. The government has signed the change into law, making the “sovereign” its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.

The bill was signed into effect on March 1st, but the news is making waves again this week. The Marshall Islands’ population is 53,066, so the change doesn’t affect many, but it is significant for citizens of the islands because banks and credit card companies will need to begin accepting it. With the recent change, US dollars are still likely to be accepted on the Marshall Islands — the sovereign will just be considered the nation’s official legal tender.

In February, top officials from the Marshall Islands confirmed that the Pacific republic would issue its own cryptocurrency to be circulated as legal tender. The digital coin also received approval from the country’s parliament. “As a country, we reserve the right to issue a currency in whatever form it is, whether in digital or fiat form,” said David Paul, minister-in-assistance to the president of the Marshall Islands, to Reuters at the time.

Continue reading “The Marshall Islands replaces the US dollar with its own cryptocurrency” »

Nathalie Mezza-Garcia is a political scientist turned “seavangelesse” — her term for an evangelist in favor of living off the grid — and on the ocean.

Mezza-Garcia spoke with CNBC’s Matthew Taylor about what she sees as the trouble with governments, and why she believes tech startups should head to Tahiti.

This seavangelesse is a researcher for the Blue Frontiers and Seasteading Institute’s highly-anticipated Floating Island Project.

Continue reading “A floating Pacific island is in the works with its own government, cryptocurrency and 300 houses” »

Coral reefs are the fish nurseries and so without them there will be no fish!

Japan’s biggest coral reef has not recovered from bleaching due to rising sea temperatures, with only one percent of the reef in a healthy condition, according to a government study.

The overall volume of coral in Sekisei Lagoon in southwestern Japan near Okinawa had already plunged by 80 percent since the late 1980s due to rising water temperatures and damage caused by coral-eating starfish.

Continue reading “Only 1 pct of Japan’s biggest coral reef healthy: survey” »

A new energy storage system developed by University of Adelaide researchers and industry partners is now successfully supporting the electricity network for the country town of Cape Jervis, South Australia.

The new, world-class system is part of a $3.65 million trial led by the University of Adelaide in collaboration with SA Power Networks and system supplier PowerTec. The project is supported by the Australian Renewable Energy Agency (ARENA) on behalf of the Australian Government with $1.44 million in grant funding.

The mobile battery energy storage system and its specialised control system reduces peak load of the local substation, stabilises the electricity network in the area, and supports a number of nearby customers in the event of a power interruption – all without manual intervention.

Continue reading “World-class battery storage system helps to power country town” »

Government officials, business leaders and academics attending China’s second World Intelligence Congress, abbreviated WIC 2018, envisioned people’s liberation from labor with the help of artificial intelligence.

With the theme “The Age of Intelligence: New Progress, New Trends, New Efforts,” the three-day event began in north China’s Tianjin municipality on Wednesday.

Lin Nianxiu, deputy director of China’s National Development and Reform Commission (NDRC), said at the opening of the congress that the aspirations to make machines more intelligent and liberate human beings from as much labor as possible have been major impetuses driving worldwide technological advances and industrial innovation.

A new space race is in the works, thanks to 3D printing. This time around, it’s not about large government agencies vying to blast human astronauts into uncharted territory. Instead, today’s competitors are aerospace startups like Rocket Lab and Relativity Space that are trying to launch satellites into orbit.

The Astana Global Challenge Summit 2018 will host a series of panels and talks on longevity and rejuvenation.

As it has every year since 2008, the Astana Economic Forum (AEF) is about to take place in Astana, Kazakhstan. AEF, now also known as the Global Challenges Summit (GCS), is an international and regional non-profit platform for public discourse on topics such as economics, globalization, security, global risks, energy efficiency, innovation, and, more generally, matters concerning the future of our world and society. It was jointly created by the Eurasian Economic Club of Scientists Association and the Kazakhstan government back in 2008, and over the years, it has hosted innumerable talks and presentations by scientists, economists, world leaders, entrepreneurs, Nobel laureates, and other key people.

In our rapidly changing world, where we sometimes struggle to keep up the pace with progress, initiatives like this are greatly needed and welcome. In order to address the global issues we will face in the coming decades, cooperation, dialogue, information sharing, and networking will be pivotal, and events like the GCS are instrumental in achieving success. The themes of the 2018 event, which will be held on May 17–19, will include global strategy, sustainability, the future of money, clean energy, a unified economy, and many others. Around 500 speakers from all over the world will be on stage to discuss these important topics, sharing visions and insights to build a brighter and safer future together.

Pichai’s challenge is to find a way of reconciling Google’s dovish roots with its future. Having spent more than a decade developing the industry’s most formidable arsenal of AI research and abilities, Google is keen to wed those advances to its fast-growing cloud-computing business. Rivals are rushing to cut deals with the government, which spends billions of dollars a year on all things cloud. No government entity spends more on such technology than the military. Medin and Alphabet director Schmidt, who both sit on the Pentagon’s Defense Innovation Board, have pushed Google to work with the government on counter-terrorism, cybersecurity, telecommunications and more.

To win in the business of cloud computing, the company tiptoes into the business of war. Some staff fear it’s a first step toward autonomous killing machines.

So much talk about AI and robots taking our jobs. Well, guess what, it’s already happening and the rate of change will only increase. I estimate that about 5% of jobs have been automated — both blue collar manufacturing jobs, as well as, this time, low-level white collar jobs — think back office, paralegals, etc. There’s a thing called RPA, or Robot Process Automation, which is hollowing out back office jobs at an alarming rate, using rules based algorithms and expert systems. This will rapidly change with the introduction of deep learning algorithms into these “robot automation” systems, making them intelligent, capable of making intuitive decisions and therefore replacing more highly skilled and creative jobs. So if we’re on an exponential curve, and we’ve managed to automate around 5% of jobs in the past six years, say, and the doubling is every two years, that means by 2030, almost all jobs will be automated. Remember, the exponential math means 1, 2, 4, 8, 16, 32, 64, 100%, with the doubling every two years.

We are definitely going to need a basic income to prevent people (doctors, lawyers, drivers, teachers, scientists, manufacturers, craftsmen) from going homeless once their jobs are automated away. This will need to be worked out at the government level — the sooner the better, because exponentials have a habit of creeping up on people and then surprising society with the intensity and rapidity of the disruptive change they bring. I’m confident that humanity can and will rise to the challenges ahead, and it is well to remember that economics is driven by technology, not the other way around. Education, as usual, is definitely the key to meeting these challenges head on and in a fully informed way. My only concern is when governments will actually start taking this situation seriously enough to start taking bold action. There certainly is no time like the present.