Last week was big for crypto. The Coinbase IPO happened and the whole world seemed to wake up in recognition of crypto as an asset class. While this is a major step in the legitimization of the space, some even calling it crypto’s ’Netscape moment’, I want to take the opportunity to highlight the dangers of crypto going mainstream.
There is a global revolution happening right now and it’s happening so fast that unless you are explicitly told about it, it will very likely remain entirely invisible to you. The only inklings you may have that something is happening is headlines mentioning Bitcoin and another COVID-19 stimulus package. This revolution didn’t start this year or even last but it has accelerated so dramatically the…
Blockchain is the technology on which Bitcoin and all other cryptocurrencies are built. Much of the talk around this technology revolves around speculation and making fast money. Because of this many scams have been pulled and this has, in turn, led many people to discount the entire technology as unnecessary and as even a scam itself. In fact, my favorite place for tech news for over a decade has…
When people talk about the technological singularity they usually do so exclusively in the context of Moore’s Law. But there are several Moore’s Law-like laws at work in the world and each of them is equally baffling. I’m referring to this list of trends as “power laws” because of the nature of their incredible rate of growth and because they independently work as pistons driving the engine of the…
I had a really interesting conversation with a software developer from Uganda this morning. We came in contact through a mutual friend in Dubai and the next thing you know we were chatting away via teleconference (the internet is an incredible thing). At the beginning of the conversation, he was discouraged and unsure about the future of his career. He spoke fluent English and had serious coding…
The era of post truth is upon us. AI and ML is now being used to replace people’s faces in videos and live feeds. New software frameworks like FakeApp make it possible for anyone to produce these marvels of technology and it’s only the beginning. News and media are only now waking up to the power of such expressions. It fist got notoriety when Reddit users started using the technology to create…
Less than 10% of stock trading is done my humans. All the rest is machines. Quantitative investing based on computer formulas and trading by machines directly are leaving the traditional stock picker in the dust and now dominating the equity markets, according to a new report from JPMorgan. Notice the rise of M2M trading in the following insane gif.