Tag: Bitcoin

Lagging, nagging ‘Coin feeling

Somehow, the many (?) Cassandra’s messages of late about Bitcoin being a hyped-up bubble about to burst and how it’s the laggerds (only) that now want to jump in, drive up prices but will be the Greater Fools in the game, sounds a bit … false bottom.
[Unsure what the exchange rate is, today. Has the bubble burst already, or ..?]

I’d say, how many countries, and moreover how great a many financial organisations (private or public, or regulatory or inter/supranational) may have an interest to blow up Bitcoin, as a demonstrator that all that blockchain stuff isn’t any good after all ..? Because the promise of blockchain was, and is, that it will not need any, traditionally somehow still geography-bound, standing governing body avalanched-under by politics, gross misunderstanding of the core concepts ruled over, etc. In short, power struggles.
And that, of course, may be a future that some will not allow. And fight to their deaths – inevitably, not by nature but by cause and earlier. But still they simply won’t have it, that blockchain/Bitcoin/smart-contract/whatevva shazam. With the only way to get rid of it in an inconspicuous manner, is to … inflate it till it goes borsht. Risk, but possibly profit hugely during the trip ..? Case in point: this one [hope the link is still valid, and it’s in Dutch which may mix semantic levels to be tauto]

Plus:
[You get a golden bullet-like thing on your pillow. With compliments and filled with chocolate, that is… In Salzburg of course]

Peak Gulden

I’ve been dabbling in this pure-fiat money (sic) Gulden that is an attempt to indeed bring back the Dutch florin wink.
So far, I only put a toe into that water, and ’twas a profitable ride indeed. Should’ve moved all-in and retire…

Yes there’s all sorts of payment functionality but haven’t found a place to put that to use yet. Which made me think: Is there some sort of metric by which one can determine how ‘mature’ respective blockchain currencies are ..?

Like, some ratio that includes available volume, traded volume (exchange for (much longer) pre-existing traditional currencies), actual payments made for goods/services transactions, et al.
Or would anyone already have some (pointers to sufficiently secure-not-clickbait) sites that have such info and mdash; surely better factors and ratios than the above…?

TIA. And:
dsc_0740
[Here, another mix of (not ‘chain but brick-‘n-mortar) architecture and finance; Troyes]

ChainWASP

… With all the blockchain app(lication)s, in all senses, sizes and seriousnesses if that is a word, growing (expo of course) everywhere,
wouldn’t it be time to think about some form of OWASP-style programming quality upgrading initiative,

now that the ‘chain world is still young, hasn’t yet encountered its full-blown sobering-up trust crash through sloppy implementation. But, with Ethereum‘ and others’ efforts to spread the API / Word (no, no, not the linear-text app…) as fast and far and wide as possible, chances of such a sloppy implem leading to distrust in the whole concept, may rise significantly.

Which might, possibly, hypothetically, be mitigated by an early adoption of … central … Oh No! control mechanism of e.g., code reviews by trusted (huh?) third parties (swarms!) where the code might still remain proprietary and copyrighted.
Or at least, the very least, have some enforceable set of coding quality standards. Is that too much asked …??

I know; that’s a Yes. So I’ll leave you with the thought of a better near-future, and:
20150109_145839
[Horizontal until compile-time errors made adjustments necessary (pic); beautiful concept — other than Clean Code, actually executed to marvelous effect]

I am Satoshi Nakamato

… If only to dilute the discussion. And to all be Spartacus. Let the Craigs be the fools (not even meant lightly; rather pejorative here) they are. The absolute hard-math sides of Bidkoyn coming full circle to the mysteries to be kept mysteries for the very sake of it for once you dumb.ss! of its origins.

To keep it real:
20140917_091306_HDR
[Mining precedes, but the use side is in transport ..? <Think that one over> at Utrecht]

Some quotes, out of context

Indebted to David Graeber’s Debt here, for the following which for a change is just a bunch of quotes completely out of context, even worse on the representativeness point, and to make matters … worse, maybe, … some remarks from Yours Truly…

Rather than seeing himself as human because he could make economic calculations, the hunter insisted that being truly human meant refusing to make such calculations, refusing to measure or remember who had given what to whom, for the precise reason that doing so would inevitably create a world where we began “comparing power with power, measuring, calculating” and reducing each other to slaves or dogs through debt. (p.79) — This may be why so many bureaucrats, and many an auditor behaving within the worst corners of that category, appear to behave as if in debt ..?

If someone fixing a broken water pipe says, “Hand me the wrench,” his co-worker will not, generally speaking, say, “And what do I get for it?” — even if they are working for Exxon Mobile, Burger King, or Goldman Sachs. … One might even say that it’s one of the scandals of capitalism that most capitalist firms, internally, operate communistically. True, they don’t tend to operate very democratically. Most often they are organized around military-style top-down chains of command. But here is often an interesting tension here, because top-down chains of command are not particularly efficient: they tend to promote stupidity among those on top and resentful foot-dragging among those on the bottom. (pp.95-96) — The rest of the discussion over the natural tendencies in corporate internal/external behavior echoes society’s many comments, including mine on this blog…

Exchange, then, requires formal equality — or, at least, the potential for it. This is precisely why kings have so much trouble with it. (p.109)

Rabelais places the encomium in the mouth of one Panurge, a wandering scholar and man of extreme classical erudition who, he observes, “knew sixty-three ways of making money — the most honorable of which was stealing”. (p.124) — I may want to rid my LinkedIn profile of some niceties …

[Comparing Chapter Eight, Credit versus Bullion (p.211–) with ‘Piketty’ might make a great grad+ thesis ..?]
[Similarly, p.383– may be read and viewed, analysed, in light of “blockchain currencies’ ” lofty promises of money without recourse to state fiduciants but to anonymous (and masses of) trustees.]

OK then, as a final one, important for those that still consider Adam Smith’ Wealth to have some modicum of value still:
For Smith, the pursuit of wealth beyond a point where one has achieved such a comfortable position was pointless, even pathological. (p.399)

Which indicates the point I’m still aiming for… And:
DSC_0202
[Why you’re looking at the ceiling of my garden shed ..? Palazzo Nicolaci, Noto again]

Deinduction

OK. To be, think, human, two things seem to be required:
No, not the dichotomy of deduction versus induction. Not so literally (literally, I mean like owemygawd). But the top-to-ground-then-back-up-again ‘logical’ goal-directed problem-solving reasoning, versus the speculative wandering of the mind. Perspiration, and Inspiration. Taking correlation for causation, versus fuzzy-logic supported hypothesizing. OK, I admit I threw in the fuzzy logic part to confuse, and to discombobulate your comprehension.
But still, therein lies the foundation of Theories, the brickwork of thinking: Is there a priori knowledge, or is everything we know only valid within its own framework of reference..? Is the definition of definition circular or not, or in some circle..? Should, must be, to be basis for theory-building.
Expanded upward by Kuhn and Lakatos, drilled down by a great many, philosophers mostly — that haven’t delivered workable answers yet. Not workable at least, to span the gap in between neurobiology and psychology. Which is where AI-as-we-know-it will have its place, after which it will be vastly expanded to cover it all. Maybe not individually embodied, but will.
And, there’s no either/or. There’s the spectrum ..!!

And all this, relevant for the grounding (both ways, please) of ‘Big Data’. Think that one through!

Also,
DSCN0395
[Close, but no torte in the Sacher Stube…]

Prediction16

Yawn. Or not. The following will get real serious in 2016. Like,

Well, for the list with everything and their dog:

  • Some Exits: Green Egg, ‘Cyber’everything, disruption/uberization, privacy, and, certainly and very much hopefully, “Like us on Facebook” … and very, very certainly hipsters let alone their ‘beards’ (quod non).
  • Entrat to replace the latter, hopefully, some actual non- or anti-bureaucratic frameworks of mind.
  • Also out, to be replaced by … [as yet unknown]: Vlogging or what have we, in socmed space, with 100k-1M+/++ followers as being he thing to aim for. As it becomes clearer and clearer in 2016 that only the 10M+/++ leaders (??) can make a dime from it, or barely a living. Who are the big winners, in all of this? User data / experience farmers?
  • Risk Management 3.0 will grow to be the Next Thing in managementspeak. If you’d need any proof, go read back the ton of posts on your perennial Truth site.
  • Also, we might get a last blip from SMAC(T) as a trend summary.
  • All of the points made by The (some) Man. Obviously. And some of this as well though this may all show to be overblown.
  • Still a wave of interest in Rise of the Robots. Combined with AI through and through, like in this. With support at an angle, from this.
  • A further blend of cloudsourcing and deperimetrisation putting your infra and all of your data naked and out there in the cold.
  • Oh almost forgot: A lot more on APTs, 3D printing (when will we finally get 4D printing …!?), MehhDrone stuff, blockchain, IoT, et al.
  • But we may hope, the latter two get much more innovative applications; one the one hand with simpler explications, on the other, truly innovating e.g., into the DAO realm.
  • Ah, DAOs; let’s first see more of this in 2016.
  • Offering a simple list copy from HBR:
    • Algorithmic personality detection: Yes
    • Bots: Yes
    • Glitches: Mwah; we indeed will see scores of them, ever bigger and more impactful (also b/c complexity explosions of the mixed e and physical worlds), but they’re somewhat of the mehhh category for the purpose of Here.
    • Backdoors: See APTs et al; much more of them yes but again, mehhh
    • Blockchain: As mentioned
    • Drone lanes: Hmmm, interesting…
    • Quantum Computing: Probably hung in there from previous (many) years’ lists; mine, too. May, might, but for the same token may not
    • Augmented knowledge: Definitely. Hopefully, in a good way. But maybe even hopefully, steered towards safe use, after a hopefully indicative but small-enough dystopian-style mishap ..?
  • CloudIAMming. IAM, renewed, for federated use in ‘the’ cloud. Yes, this will have a whole new lease of life, as a management field, and a consultancy field as well.
  • This just in: Forgot to mention VR as a thing in 2016. Definitely.
  • I may want to do an update halfway through the year…
  • Oh, and of course our motto for 2016: A CEO with you, is still a CEO.
    #gosubstitute[ _X, _Y | fool, a tool ]

After which there’s only:
DSCN7943
[Purposefully unsharp. Berlin, some years ago.]

One-sided mirror

Hopefully just in time for your last-minute (huh?) holiday season shopping: This masterpiece; excellent for edukaizjionel purposes and general divertissement, including Be-ing Warned…

Because, it spans so much of interest; from humble (?) ‘computer’ components all the way up till Topsight.
Read, learn and weep over humankind’s future.

Now then, for a short departure:
DSCN7994
[Unk Berlin]

Common meltdown

Ah, indeed a meltdown is approaching; maybe not even of the common kind of just something breaking down in ‘IT’ — the inverted s… hits the fan scenario — but a larger-scale one. Being the lack of budget / approval for IT staff to do continuous education of all sorts. [As in here, in Dutch.]
Which will inevitably lead to ever larger of the small- to midsize collapses mentioned, possibly one triggering the other till past the critical point where the chain reaction feedback loop switches from negative to positive.

By which time it will be too late, much too late, to hyperventilatingly engage in counteractions. Both against the root cause problems in IT, as in the edjucayzional category within those. Because, au fond, so many of IT’s ails were and are, increasingly, driven by lack of (continued) education. Causing problems in the user’s specs (at the highest levels) and subsequently, 2nd Law of thermodynamics, spawning all of the subsequent complexity developing into unmanageability, and error stacking that breeds like viruses.

Even more poignantly in InfoSec corners. You know, the outposts of IT — yes, yes, I know that the I is of so much greater import than the T but get real, instead of 20% InfoSec is 85-95% T still, these days ..! — where the real commandos and fancy-dancy ‘Delta teams’/SEALs operate.

Can we all please get our act together ..? If we don’t turn this supertanker around quickly, we don’t even need to bother about global warming because we’ll have no industrialised world to worry about…

Après nous la deluge …
DSC_0196
[Mosquito hunt; Edinburg]

Oh, of course: DACcountantcy

Was reminded by this seer peer (no typos) in a casual remark that DAOs (DACs) may change quite a bit about the world as we know it. “DAOs are a game changing invention enabling a new model for human collaboration. #blockchain #C4ACC” (© him) — but apart from human collaboration (note the pejorative weight of the early ’40s this stil carries with it even today, in continental Europe), also the value of Trust in singular persons may shift.
DAOs then being of course, of course, the element I forgot to mention in my roboccountant post.

So, with this one linked in, now all the elements of that post make sense. In which the ensemble may have surpassed me. Or:
DSC_0789
[Materially a circle, to any human accountant and dress codes displayed, are of the apparent relaxed Big4 dc’s of today; DC]

Maverisk / Étoiles du Nord