Lifeboat Foundation

By BRIAN COHEN

Thanksgiving day, while many of us were eating turkey, The United States Patent and Trademark Office (USPTO) published JPMorgan Chase’s (Chase) patent application 20130317984, “Method and system for processing internet payments using the electronic funds transfer network.” The application was filed with the USPTO on August 5th, 2013.

Without mentioning Bitcoin or cryptocurrencies at all for that matter, Chase appears to be building a competing centralized network to Bitcoin. The application defines the problems that legacy banking has with online transactions and then provides a detailed explanation how Chase will address these problems with this new technology. The application states that Chase’s technology is a “new paradigm.” Moreover that it permits the creation of “virtual cash” (also referred to as “web cash”) with a “real-time digital exchange of value.”

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Jonah Goldberg, National Review

After you heard President Barack Obama’s call for a hike in the minimum wage, you probably wondered the same thing I did: Was Obama sent from the future by Skynet to prepare humanity for its ultimate dominion by robots?

But just in case the question didn’t occur to you, let me explain. On Tuesday, the day before Obama called for an increase in the minimum wage, the restaurant chain Applebee’s announced that it will install iPad-like tablets at every table. Chili’s already made this move earlier this year.

With these consoles customers will be able to order their meals and pay their checks without dealing with a waiter or waitress. Both companies insist that they won’t be changing their staffing levels, but if you’ve read any science fiction, you know that’s what the masterminds of every robot takeover say: “We’re here to help. We’re not a threat.”

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The leader of the payments business looks to the future and says Bitcoin is a good idea — but not yet actually a currency. Tap-to-pay, meanwhile, is a dud.

By Danielle Elliot CBS News

German postal carrier Deutsche Post DHL is testing a drone delivery service that could deliver medical and food supplies to areas with minimal road access.

Continue reading “DHL testing delivery drones” »

By Margaret Hartmann

If NSA employees were bummed that President Obama hasn’t paid them a visit, they’re going to be devastated to learn that all their favorite tech companies are publicly calling them out. Eight companies – Google, Facebook, Apple, Microsoft, Twitter, Yahoo, LinkedIn and AOL – have put aside their rivalries and issued a call for the reform of government surveillance. “We understand that governments have a duty to protect their citizens. But this summer’s revelations highlighted the urgent need to reform government surveillance practices worldwide,” says an open letter featured in full-page ads in several newspaper on Monday. “The balance in many countries has tipped too far in favor of the state and away from the rights of the individual — rights that are enshrined in our Constitution. This undermines the freedoms we all cherish.”

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By Drew Prindle — December 6, 2013

For some odd reason, pizza always seems to be at the forefront of emerging technology. It was the first food you could buy via online ordering, the first food to legitimately be delivered via drones, and now it’s dipping its saucy little Italian toes into 3D printing.

Natural Machines, a startup out of Barcelona, has developed a prototype 3D printer called Foodini that can pump out decent, edible-looking pizza just like a normal 3D printer pumps out custom-made lightswitch covers and drain plugs.

Nelson Ireson

If you’re not familiar with Bitcoin, you might want to change that. The electronic cryptocurrency is rapidly gaining acceptance around the globe, with many businesses–and even one university–accepting Bitcoins as readily as dollars. Now, a Tesla Model S has been purchased directly with Bitcoin.

The car, sold for an undisclosed sum of Bitcoin by Lamborghini Newport Beach in Costa Mesa, California, appears to have been a lightly used model, if only because it wasn’t sold directly by Tesla Motors [NSDQ:TSLA].

ALSO SEE: 2015 Ford Mustang Preview: Official Photos And Video

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Continue reading “Google's humanoid robots take on Amazon's courier drones” »