Lifeboat Foundation: Safeguarding Humanity
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Category: finance – Page 114

#MachineLearning and #ArtificialIntelligence are revolutionising the online world. They are capable of reducing costs, analysing data, recognising patterns and trends we can’t see with the human eye and making real- time decisions. Now, they are being used to help prevent financial fraud and they’re learning how to do it better every day.

Machine learning and artificial intelligence are revolutionising the online world. They are capable of reducing costs, analysing data, recognising patterns and trends we can’t see with the human eye and making real-time decisions. Now, they are being used to help prevent financial fraud and they’re learning how to do it better every day.

Currently it is estimated that cybercrime costs the global economy approximately $600 billion, with one of the most common forms being credit card fraud which has grown considerably with the increase in the online market. As more and more people chose to transact online it is becoming increasingly important for financial services to invest in better, faster and more accurate fraud detection and prevention techniques.

How our data helps protect us

Continue reading “How AI is Working to Crush Financial Fraud” | >

As if battered post-Christmas finances, a looming disorderly Brexit and the prospect of a fresh nuclear arms race were not enough to dampen spirits, astronomers have declared that a nearby galaxy will slam into the Milky Way and could knock our solar system far into the cosmic void.

The unfortunate discovery was made after scientists ran computer simulations on the movement of the Large Magellanic Cloud (LMC), one of the many satellite galaxies that orbits the Milky Way. Rather than circling at a safe distance, or breaking free of the Milky Way’s gravitational pull, the researchers found the LMC is destined to clatter into the galaxy we call home.

At the moment, the LMC is estimated to be about 163,000 light years from the Milky Way and speeding away at 250 miles per second. But simulations by astrophysicists at Durham University show that the LMC will eventually slow down and turn back towards us, ultimately smashing into the Milky Way in about 2.5 billion years’ time.

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The 3 key ingredients for attracting investors to your crowdfunding (ICO/STO) campaign

Below is a redacted and slightly edited and updated version of a memo provided to a client regarding how to attract investors to their business, in mid 2017. For background, they’re a 5 year old private investment firm, whose stock is traded OTC and who invest in startups focused on blockchain tech. To further this model they were exploring additional ways to raise capital, specifically to acquire more startups. Below is a high level framework of what investor “whales” are looking for. This is not investment advice. These are redacted insights into what you should be considering if you’re looking to also engage potential investors in your business enterprise.

If you don’t have time to read it all, I’ll summarize: It still takes money to make money.

Continue reading “Magic Whale Formula” | >

I owe Jack Shaw a favor. It’s one of those, “This one time in Cambodia…” type of favors. We won’t speak of it beyond perhaps a nod and wink. It’s not written down anywhere; the details of such are so vague as to be almost non existent, while encompassing the known universe. It expires upon death, of the sun; and can be redeemed whenever and by another person who need only walk up to me and say, “Jack Shaw sent me. He says to tell you ________”. And tada, that favor has been redeemed for value.

Jack would call this favor a “marker.” It’s more valuable than your house, the Empire State Building & 100k Bitcoins combined. It can even be redeemed for something even more precious, my time or an opportunity or access to my network. You know, those things that money can’t buy. Well, you can lease my time from time to time.

Favors, markers and promises are humanities’ first virtual currencies.

They’ve gone digital recently, as Jack might redeem his marker via a WhatsApp or WeChat text message.

Favors and promises aren’t financial obligations per-say. They’re moral debts that can be redeemed for things of intrinsic, monetary, social and/or actual value. Now, here is where things get a little weird. The thing about “money” is that it doesn’t have any value. It’s actually a reflection of a moral debt. Hence why the US dollar is backed by the “Full Faith and Credit of the US Government” and not say, gold or wheat. You believe…that people will feel obligated to pay taxes and in turn the government will collect these social obligations (aka favors) for the good and benefit of The People. This moral obligation is part of that “Debt to Society” you’ve heard so much about, are obligated to pay, but don’t recall actually signing up for.

Long ago, these virtual currencies of favors, promises, social obligations and credits were turned into what we now regard as money. Not because paper money or coins had or have any intrinsic value, but because for trade beyond one’s family or clan, it’s easier to convey/store and document the value of Sam owing you two chickens, using cash as that documentation (or store of value). As you extended to him a two chicken line of credit.

“Credit” is just another favor or marker with terms.

Coins and “Banknotes” (because people wrote down how much credit they gave you) were just the earliest form of noting and coming to consensus on how to document these virtual currencies of favors, markers, promises and credit.

Overtime, what favor or credit money represents has been lost. We’ve been conditioned to simply believing (Full Faith and Credit) that paper money has intrinsic value, when it simply doesn’t.

Continue reading “Virtual Currencies Are As Old As Favors” | >

In 1961, Nancy Grace Roman was already the first Chief of Astronomy in NASA’s Office of Space Science. She developed that program in a time before the second wave of the Women’s Movement in the United States began, when banks often refused women credit in their own names and there was still an active medical debate about whether women could ever physically endure spaceflight someday. But Roman opened the skies to humanity in new ways without ever leaving the ground.

She earned her Ph.D. in astronomy at the University of Chicago in 1949 and worked at the Yerkes Observatory there for six years afterward. She joined the radio astronomy group at the Naval Research Laboratory, becoming the head of the microwave spectroscopy section. As she recalled in 1980 in an oral history interview with National Air and Space Museum curator David DeVorkin, when she heard that NASA might set up a space astronomy program, she wanted to lead it: “The idea of coming in with an absolutely clean slate to set up a program that I thought was likely to influence astronomy for 50 years was just a challenge that I couldn’t turn down. That’s all there is to it.” She joined NASA in 1959, just after the agency’s founding.

Roman opened the skies to humanity in new ways without ever leaving the ground.

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It is an eye opening video. In the financial climate we are now I am not shocked that these Miners are losing based on costs.

I wrote an article on the Wave Chronicle regarding the Crypto-Currency Crash and some of the changes that could be made to make this particular market effective for those who actually want to use Crypto-Currency as a vehicle for purchasing.

http://wavechronicle.com/wave/?p=70621

Continue reading “Bitcoin Miners Dying, Another Sign Of The Crypto-Currency Crash” | >