1 Bitcoin = $2,295
Historic Moment: Bitcoin Surges Past $2,000 Milestone
The Reboot of the Global Monetary System Proceeding as Planned
All great human civilizations are built on honest money & free markets. – Pontus Lindblom
This is how you bootstrap a free market currency from $0.00 aggregate value to $Trillions. – Mortuus Bestia
The world is finally waking up to Bitcoin. It’s the best performing currency of this century. – Michael Matthews
Gold Bugs: The Mania These People Expected Happened With Bitcoin
I bought Gold and Silver in 2008 and 2009 preparing for doomsday. No hope, worried about how to build a bunker. BTC gave me hope.
BTC changed my perspective completely, Instead of worrying about the apocalypse, I started thinking about the future and all possibilities. – cryptotraveler
With Bitcoin You Don’t Get to Print Money for War
The Only Way to Fund Modern Warfare? Currency debasement. Ending Fiat ends most wars. – Guruvan
If we have a bitcoin universe, you don’t get to print money for war.
You don’t get to have money for a prison industrial complex.
You don’t get money for a war on drugs. You have to ask the people.
The world is starving for peace and Bitcoin is just getting started. – Max Keiser
Investing in Bitcoin is Always a Smart Decision.
People often wonder if it is too late to invest in Bitcoin. Every year, the answer is no.
The Bitcoin price has not even begun to peak by any means. – JP Buntinx
Impossible for Every Millionaire to Own 1 Bitcoin
There are an estimated 15.7M millionaires just in the US.
Globally, it is simply impossible that every millionaire can own 1 whole bitcoin. – Ben Davenport
Owning a little Bitcoin isn’t risky. Not owning any of the potential reserve money of the future is what’s recklessly risky.
If Bitcoin becomes only 1% of the global money supply, each bitcoin would be worth $60,000. Can you risk not buying it today for $2,000? – Saifedean Ammous
= 0.00283287 Bitcoin per Person
Altcoin Market Cap = $42.6 Billion
Total Cryptocurrency Market Cap = $80.1 Billion
Bitcoin Share of Total Market Cap = 46%
Exponential Growth as Total Cryptocurrency Value Approaches $100 Billion
It took 7 years for the value of all cryptocurrency to hit $10 billion, another year to hit $20 billion and 3 more months to hit $40 billion. – Bruce Fenton
And three weeks to hit $80 billion. – Naval Ravikant
Bitcoin Share of Crypto Economy Below 50% for First Time in History
Bitcoin dominance has dropped below 50% of market share for the first time ever, a historic moment in cryptocurrency. – Tommy World Power
Hayek Would Love This: More Cryptocurrencies Than National Currencies
Zcash / ZClassic
If Zcash goes for the moonshot you can expect the cheaper ZClasssic clone to make a run at these prices.
Zcash = $237 ($338 mill marketcap)
ZClassic = $3.81 ($5.5 mill marketcap)
Altcoins with a Purpose
Nvidia Stock Climbs, Announces DGX-1 Supercomputer for Deep Learning
This is really cool. Not sure everyone understands the gravity of this, but it will considerably advance Deep Learning. – Alex Zhavoronkov
Nvidia (NVDA:NASDAQ) stock rose to $144, up 35% so far this year.
Both revenue and earnings for Q1 beat estimates. Earnings per share surged 126% year-over-year. – Debby Wu
The DGX-1 supercomputer, the first one based on the brand-new Volta architecture, was introduced at the company’s GPU Technology Conference in San Jose, California
The Tesla V100 in the DGX-1 is five times faster than the current Pascal architecture, said Nvidia’s CEO Jen-Hsun Huang.
He boasted the GPU offers 120 teraflops of deep-learning performance. – Agam Shah
Amazon Doubles Walmart
It took Amazon 18 years as a public company to catch Walmart in market cap, but only two more years to double it.
Mainstream Interest in Rejuvenation Biotechnology Growing
We believe that over the coming decade the life science sector will be leading one of the most meaningful periods of scientific discovery and advancement.
The biggest successes in the sector will ultimately dwarf the likes of Apple, Exxon and BHP that are the current colossi of the stock market.
– Jim Mellon
Renowned UK investor and entrepreneur Jim Mellon gave a keynote talk at Master Investor Show 2017 focusing on longevity as the next ‘money fountain’.
It is good to hear the voice of an influential group that has performed enough due diligence to appreciate the useful end of the longevity science community, and understand its potential.
Investment in the development of rejuvenation therapies represents an enormous opportunity for profit; these are products for which every adult human being much over the age of 30 is a potential customer at some price point.
That is larger than near every existing industry, either within or outside the field of medicine, even given that customers will only purchase such a therapy once every few years, for clearance of metabolic waste, or even just once, for treatments like the SENS approach of allotopic expression of mitochondrial genes.
The vast majority of people whether, investment professionals or not, greatly undervalue present efforts aimed at the production of rejuvenation biotechnology. They do not have the interest and insight to distinguish between the nonsense of the “anti-aging” marketplace of past years, marginal calorie restriction mimetic drugs, and approaches that target and repair the causes of aging.
Only the last of those is capable in principle of producing large and reliable gains in human healthy lifespan, turning back the consequences of aging. The handful of people who do appreciate the possibilities still have a few years to establish positions and invest at a comparatively cheap price before this marketplace becomes a free for all.
It is definitely in our favor for that free for all to happen sooner rather than later, since it will bring a great deal more money to bear on the problem of human aging – a field that is still the poor relation in the medical sciences, looked down upon and given little funding.
I suspect it will require senescent cell clearance to reach clinics and be used in hundreds of humans with reliable and public results for that to happen, however.
COMPANIES / PROJECTS / PRODUCTS
96% Autonomous LA to New York Trip (October 2015)
A Tesla Model S crossed the country in record time for an electric vehicle—and drove itself nearly the entire way (from the Portofino Hotel in Redondo Beach California to East 31st Street in Manhattan).
Autopilot mode was engaged 96 percent of the time, used at speeds around 90 mph. – Wired, October 2015
100% Autonomous LA to New York Trip (November/December 2017)
Elon Musk: I think we’re still on track for being able to go cross-country from LA to New York by the end of the year, fully autonomous.
Chris Anderson: OK, so by the end of the year, you’re saying, someone’s going to sit in a Tesla without touching the steering wheel, tap in “New York,” off it goes.
Elon Musk: Yeah.
Chris Anderson: Won’t ever have to touch the wheel — by the end of 2017.
Elon Musk: Yeah. Essentially, November or December of this year, we should be able to go all the way from a parking lot in California to a parking lot in New York, no controls touched at any point during the entire journey.
The thing that will be interesting is that I’m actually fairly confident it will be able to do that route even if you change the route dynamically. So, it’s fairly easy — If you say I’m going to be really good at one specific route, that’s one thing, but it should be able to go, certainly once you enter a highway, to go anywhere on the highway system in a given country.
So it’s not limited to LA to New York. We could change it and make it Seattle-Florida, that day, in real time. So you were going from LA to New York. Now go from LA to Toronto.
100% Autonomy in All Tesla Cars (2019)
Chris Anderson: So leaving aside regulation for a second, in terms of the technology alone, the time when someone will be able to buy one of your cars and literally just take the hands off the wheel and go to sleep and wake up and find that they’ve arrived, how far away is that, to do that safely?
Elon Musk: I think that’s about two years.
Tesla’s Uber-like Self-Driving Network (2020s)
Chris Anderson: Once you get literally safe hands-off driving, the power to disrupt the whole industry seems massive, because at that point you’ve spoken of people being able to buy a car, drops you off at work, and then you let it go and provide a sort of Uber-like service to other people, earn you money, maybe even cover the cost of your lease of that car, so you can kind of get a car for free. Is that really likely?
Elon Musk: Yeah. Absolutely this is what will happen. So there will be a shared autonomy fleet where you buy your car and you can choose to use that car exclusively, you could choose to have it be used only by friends and family, only by other drivers who are rated five star, you can choose to share it sometimes but not other times.
That’s 100 percent what will occur. It’s just a question of when.
Transportation 2020 – 2030
Naval Ravikant: Shared, self driving electric cars have 10x utilization and fraction maintenance of individually owned cars & drive latter off the streets.
Robby Greer: If transportation costs nearly $0, it will be consumed orders of magnitude more than driving for leisure/identity
You will also be able to add your car to the Tesla shared fleet just by tapping a button on the Tesla phone app and have it generate income for you while you’re at work or on vacation, significantly offsetting and at times potentially exceeding the monthly loan or lease cost.
This dramatically lowers the true cost of ownership to the point where almost anyone could own a Tesla.
Since most cars are only in use by their owner for 5% to 10% of the day, the fundamental economic utility of a true self-driving car is likely to be several times that of a car which is not.
In cities where demand exceeds the supply of customer-owned cars, Tesla will operate its own fleet, ensuring you can always hail a ride from us no matter where you are.
It would be something that would be a significant offset on the cost of ownership for a car, and a revenue generator for Tesla as well.
Obviously, the majority of the economics would go to the owner of the car. Sometimes this has been characterized as Tesla versus Uber or Lyft or something like that. It’s not Tesla versus Uber, it’s the people versus Uber. – Elon Musk
We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history.
By 2030, within 10 years of regulatory approval of autonomous vehicles (AVs), 95% of U.S. passenger miles traveled will be served by on-demand autonomous electric vehicles.
The disruption will have enormous implications across the transportation and oil industries, decimating entire portions of their value chains, causing oil demand and prices to plummet, and creating trillions of dollars in new business opportunities, consumer surplus and GDP growth.
The disruption will be driven by economics. The average American family will save more than $5,600 per year in transportation costs, equivalent to a wage raise of 10%. This will keep an additional $1 trillion per year in Americans’ pockets by 2030.
A virtuous cycle of decreasing costs and increasing quality of service and convenience, will in turn drive further adoption along an exponential S-curve. – RethinkX Report, Rethinking Transportation 2020-2030
Actual Solar Panel Adoption vs. International Energy Agency Repeated Predictions
Analysts: are very bad at understanding industries in the midst of exponential growth – Christopher Mims
Mobile Payments China: $5.5 trillion (>½ GDP)
Mobile Payments USA: $112 billion
Bitcoin is growing fast in Switzerland. The number of attendees at our Zurich meetup has tripled.
Coins.ph became the Number 1 finance app (Android and iOS) in the Philippines this weekend!
All the other top spots belong to large banks, Telecom-subsidized payment apps, or large public companies (PayPal). #momentum
- Three largest exchanges in Korea see nearly a quarter of a billion dollars in daily trade volume.
While interest in Bitcoin is exploding all around the globe, the jump seems to have been particularly strong in South Korea.
The top three Bitcoin exchanges in South Korea are Bithumb, Korbit, and Coinone. Together, these trading platforms are now processing about $200 million USD of trades between KRW and Bitcoin each day.
This goes alongside a South Korean surge in startups that are dedicated to Bitcoin in other ways, such as remittance.
The intense demand for Bitcoin in South Korea has prompted the top three exchanges to see price levels that vastly outpace those around the globe. The massive discrepancy in price between Korean exchanges and those in other parts of the world has prompted some investors to capitalize on the arbitrage possibilities.
South Korea is quickly becoming a leader in digital currencies and is a hub for the bitcoin remittance market. The government has recently lowered the equity capital required for companies focusing on Bitcoin remittances, with the changes set to take place on June 18.
Besides that, a team of researchers from the central bank of South Korea released a recent report suggesting that digital currencies can “coexist with fiat.” The team explained that “the recent emergence of digital currency opens up a new type of dual currency regime in which the digital currency, which has no intrinsic value, and a government-issued fiat currency coexist.”
All of this seems to suggest that South Korea is a country to watch very closely for Bitcoin developments in the years to come. – Nathan Reiff
“In any field, find the strangest thing and then explore it”
Quantum computers could rewrite encryption, materials science, pharmaceutical research, and artificial intelligence.
Every year quantum computing comes up as a candidate for this Breakthrough Technologies list, and every year we reach the same conclusion: not yet.
This year, however, a raft of previously theoretical designs are actually being built. Also new this year is the increased availability of corporate funding—from Google, IBM, Intel, and Microsoft, among others—for both research and the development of assorted technologies needed to actually build a working machine: microelectronics, complex circuits, and control software.
Quantum computers will be particularly suited to factoring large numbers (making it easy to crack many of today’s encryption techniques and probably providing uncrackable replacements), solving complex optimization problems, and executing machine-learning algorithms. And there will be applications nobody has yet envisioned.
All the academic and corporate quantum researchers I spoke with agreed that somewhere between 30 and 100 qubits—particularly qubits stable enough to perform a wide range of computations for longer durations—is where quantum computers start to have commercial value. And as soon as two to five years from now, such systems are likely to be for sale. – Russ Juskalian
The Space Race of the Computer Era
Professor Chris Monroe from the University of Maryland is one of the world’s leading experimental quantum physicists. He told Fairfax Media: “Going from a PC to a quantum computer is much more radical than going from an abacus to a PC.”
What an abacus and a PC have in common is they are used to perform one calculation after the other. Using billions of transistors on a chip, modern computers can perform these linear calculations with astonishing speed but they share an essential similarity with the abacus.
A quantum computer will be a different beast. Quantum bits – or qubits – aren’t limited to being on or off like digital bits. Utilising the quantum principle of superposition, qubits can exist in more than one state simultaneously. Building an entangled network of such qubits will allow multiple calculations to be performed simultaneously.
This will produce a completely different form of computing power, and such power will create a whole new technology that we can barely imagine. – Marcus Strom
Experts in the field believe that a 49-qubit universal quantum computer will equal the power of the most capable supercomputers using classical architectures.
Once someone builds a quantum computer with 50 qubits or more, there is no way for classical machines to keep up. The concept is known as quantum supremacy.
The rationale is described as follows:
Experimental devices featuring close to 50 quantum bits (qubits) will soon be available and may be able to perform well-defined computational tasks which would classically require the world’s most powerful supercomputers. Going even beyond these capabilities means entering the domain of Quantum Supremacy.
Optimism Surrounds Google’s Quest to Achieve Quantum Supremacy by the End of the Year
Google’s quantum chip ready for testing
Google plans to build a 49-qubit device: basically, a 7×7 square array of superconducting qubits with controllable nearest-neighbor couplings.
To a layperson, 49 qubits might sound unimpressive compared to D-Wave’s 2000 qubits— but the point is that these qubits will hopefully maintain coherence times thousands of times longer than the D-Wave qubits, and will also support arbitrary quantum computations (rather than only annealing).
Obviously I don’t know whether Google will succeed in its announced plan, but if it does, I’m very optimistic about a convincing quantum supremacy demonstration being possible with this sort of device.
What justifies my optimism?
If you simply put a random quantum circuit on 49 qubits, of a large enough depth, then the best classical algorithm anyone knows to sample the output distribution of that circuit will need at least about 249 or 563 trillion arithmetic operations, and a similar amount of memory.
So you could get all three of the following things, in a single experiment:
(1) An observed “quantum speedup,” in raw wall-clock time, by a factor of billions.
(2) A theoretical argument that, if you generalized to n qubits, the quantum complexity would scale like poly(n) while the classical complexity would scale like exp(n).
(3) A causal connection between (1) and (2).
And getting all three of those things in one experiment is basically what I mean by “achieving quantum supremacy.”
I think such an achievement will be a sufficiently historic milestone for our field, and for science more broadly.
The Quantum Theory of Computation
Quantum computation is a distinctively new way of harnessing nature. It will be the first technology that allows useful tasks to be performed in collaboration between parallel universes.
“I occasionally go down and look at the experiments being done in the basement of Clarendon Lab, and it’s incredible.” remarked David Deutsch, of the University of Oxford.
“Last year I saw their ion-trap experiment, where they were experimenting on a single calcium atom,” he says. “The idea of not just accessing but manipulating it, in incredibly subtle ways, is something I totally assumed would never happen. Now they do it routinely.”
Such trapped ions are candidates for the innards of eventual powerful quantum computers. These will be the crowning glory of the quantum theory of computation, a field founded on a 1985 paper by Dr Deutsch. He thinks the widely predicted “quantum supremacy” that eventually puts a quantum computation incontrovertibly ahead of a classical one will be momentous for scientists and laymen alike.
To describe such a device properly is to account not only for the states of each of its constituent bits but also for all the couplings between them, for each is entangled with every other. A good-sized one would maintain and manipulate a number of these states that is greater than the number of atoms in the known universe.
For that reason, Dr Deutsch has long maintained that a quantum computer would serve as proof positive of universes beyond the known: the “many-worlds interpretation”. This controversial hypothesis suggests that every time an event can have multiple quantum outcomes, all of them occur, each “made real” in its own, separate world. – The Economist
Senescent Cell Clearance Set to Enter Human Clinical Trials with Unity Biotechnology
The most promising near-term prospects for a leap in human life expectancy come from drugs that eliminate senescent cells.
Researchers in a new study have used local clearance of senescent cells to reduce the development of post-traumatic osteoarthritis and encourage tissue regeneration.
The research team validated these results in transgenic, non-transgenic and aged mice. They saw similar positive results in all three meaning that there is a very high chance this will directly translate to humans.
The delivery of a senolytic agent (a compound that can induce apoptosis in senescent cells) caused the problem cells to be destroyed. The researchers used a compound called UBX0101, a senolytic drug created by Unity Biotechnology.
This research supports the use of senescent cells as a therapeutic target for treating degenerative joint disease. This is yet another example of the validity of clearing senescent cells to treat age-related diseases.
In the last year or so the interest in senescent cell clearing senolytic therapies has exploded, and will almost certainly make this the first of the true rejuvenation therapies in the SENS repair approach to aging.
We have now reached the tipping point where the theories proposed long ago by Aubrey de Grey are now producing tangible results that are impossible to refute. Indeed senescent cell clearance is set to enter human clinical trials this year with Unity Biotechnology.
The tide has truly turned and whilst there is much work to be done at last the results are starting to arrive as is the validation that we can do something about the aging processes for healthier, independent and disease free lives. – Steve Hill
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