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Tag: scarcity

Combining the scarcity of NFTs with viral content By BTC Peers

A new social media revolution: Combining the scarcity of NFTs with viral content

As the world embraced the lockdown protocols over the past two years (due to the COVID 19 pandemic), social content became even more popular. New records were set as to the number of hours an average person spends on social media. According to an online video viewer survey by Statista across selected countries, in August 2020, 27.2 percent of online viewers consumed more than 10 hours of video content every week.
Following the massive growth of platforms such as TikTok, Instagram, and Twitter (NYSE:),…

Why are major global brands experimenting with NFTs in the Metaverse?

Blockchain is a core technology that differentiates itself from other technologies by having solved the double expense with the emergence of the Bitcoin blockchain in 2008. Nonfungible tokens, or NFTs, were driven by blockchain technology which brought scarcity and interoperability to nonfungible tokens. But, what do blockchain technology and NFTs have to do with Metaverse? Why are large companies experimenting with NFTs in Metaverse?The MetaverseThe term “metaverse” first appeared in 1992 when Neal Stephenson released his science fiction novel Snow Crash. In this book, humans interact…

Drip Is the New Drop. From buying to collecting to ownership | by Ana Andjelic | Nov, 2021

From buying to collecting to ownershipImage by authorA drop is a seemingly random release of a limited-number of products with a goal of creating perception of scarcity and urgency. Drops have proven to be a successful brand-building tool, as they reliably drive word-of-mouth, FOMO, create insta-communities, and use wait lines as their advertising. Drops command for a person to be at the right time and the right…

How Microsoft Will Move To The Web 3.0, Blockchain Division To Expand

Tech giant Microsoft will expand its blockchain team, according to this department Director of Strategy and Transformation, Blockchain, and Cloud Hardware Supply Chain Yorke Rhodes. Via his Twitter account, Rhodes called on potential candidates and everyone “obsessed with Turing complete, scarce programmable objects”.
Related Reading | How Microsoft Is Building A Decentralized Internet On Top Of The Bitcoin Network
In his post, Microsoft’s blockchain director revealed that he has formed a new team at the software company. Rhodes added that he has spent 6…

What Space Object ‘Oumuamua Says About How Science Works

The subtitle of Matthew Bothwell’s wrap-up on ‘Oumuamua is most informative: An alien-made artefact or just interstellar debris? What ʻOumuamua says about how science works when data is scarce.

At least one astronomer, Harvard’s Avi Loeb, insisted that ‘Oumuamua must be an “extraterrestrial light sail.” And few suggested that that couldn’t possibly be true.

Right. What do we do when we are not sure? Bothwell, author of the forthcoming Invisible Universe, offers some thoughts. W all imagine ET in our own image:

Victorians of the late 19th century, living in the era of ambitious engineering, looked at Mars and saw globe-spanning canals – evidence, they believed, of a grand industrial civilisation mirroring their own.

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Scarcity? We have the same resources as Neanderthal Man!

COSM 2021 is fast approaching. On the weekend of November 10-12, titans of the tech world will descend on Bellevue, Washington, to discuss the future of technology. Topics to be covered include blockchain, NFTs, quantum computing, artificial intelligence, and Big Questions like “Is Technology Soaring or Slumping?”

This year, COSM will include Discovery Institute’s own Gale Pooley, senior fellow at the Center on Wealth & Poverty.

Dr. Gale Pooley

This isn’t Pooley’s first round at COSM. He addressed the COSM crowd in 2019 with a talk entitled, “Killing Thanos – Defeating the Ideology of Scarcity” (video posted at the end of this article). This November, Pooley’s topic is “The End of Inflation.”

The economics professor has spent his career lifting our spirits about the state of the world.

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Geometric deep learning of RNA structure

RNA molecules fold into complex three-dimensional shapes that are difficult to determine experimentally or predict computationally. Understanding these structures may aid in the discovery of drugs for currently untreatable diseases. Townshend et al. introduced a machine-learning method that significantly improves prediction of RNA structures (see the Perspective by Weeks). Most other recent advances in deep learning have required a tremendous amount of data for training. The fact that this method succeeds given very little training data suggests that related methods could address unsolved problems in many fields where data are scarce.

Science , abe5650, this issue p. [1047][1]; see also abk1971, p.

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Anomaly Detection — How to Tell Good Performance from Bad

  • Beyond accuracy, the False Positive and False Negative rates are sensible, intuitive ways of assessing performance
  • Not all anomaly detectors are equal: performance scores can differ substantially between anomaly detectors, operating on the same real-life time-series data for business metrics
  • In our test data, Avora’s anomaly detector achieves better performance compared to Facebook Kats, with significantly lower False Positive & Negative rates, but comparable accuracy
  • Even lower False Positive/Negative Rates can be achieved with hyper-parameters tuning, with no reduction in accuracy

Every business across the world has increasingly more and more data it can use to analyse performance and make data driven decisions.

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What Makes NFTs Valuable? What Does It Mean To Own One?

Introduction: At Expensivity.com, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud.

So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 5, we looked at how scarcity, central to the economic value of works of art, can be created in the digital world, where copying is generally quite easy. Now, we look at what makes NFTs valuable and what it means to own them:

6 Value and Ownership of NFTs

In this section, I want to answer two key questions that have been touched on throughout this article: What makes NFTs valuable?

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La Escasez es un Estado Mental

La “mentalidad de escasez” es un estado de ánimo inducido en la población:

  • Cuando hay prosperidad, la escasez se canaliza a través de la ambición: el capitalismo.
  • Cuando hay ruina (fin de ciclo) la escasez se canaliza a través de la venganza social: el socialismo.

La mentalidad de escasez se crea por personas especializadas en parasitar al resto de la sociedad: para las que no hay escasez alguna, pero que necesitan del resto del mundo para mantener sus privilegios.

La dualidad capitalismo – socialismo a nivel fundamental es solo una ilusión: siempre hay escasez, y por lo tanto esclavitud. Pero las personas a cargo son las mismas.

In the Digital World, What Does “Scarcity” Mean?

Introduction: At Expensivity, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud.

So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 5, we look at how scarcity, central to the economic value of works of art, can be created in the digital world, where copying is generally quite easy:

5 Digital Scarcity

When jumping into the world of NFTs, one finds a certain breathless awe in the face of blockchain technology. One even hears that blockchain has for the first time made if possible to create digital scarcity, as though scarcity of physical goods is the only type of scarcity that existed before blockchain was invented.

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How Energy Transition Models Go Wrong

I have written many posts relating to the fact that we live in a finite world. At some point, our ability to extract resources becomes constrained. At the same time, population keeps increasing. The usual outcome when population is too high for resources is “overshoot and collapse.” But this is not a topic that the politicians or central bankers or oligarchs who attend the World Economic Forum dare to talk about.

Instead, world leaders find a different problem, namely climate change, to emphasize above other problems. Conveniently, climate change seems to have some of the same solutions as “running out of fossil fuels.” So, a person might think that an energy transition designed to try to fix climate change would work equally well to try to fix running out of fossil fuels.… Read more...

How the World’s Energy Problem Has Been Hidden

We live in a world where words are very carefully chosen. Companies hire public relations firms to give just the right “spin” to what they are saying. Politicians make statements which suggest that everything is going well. Newspapers would like their advertisers to be happy; they certainly won’t suggest that the automobile you purchase today may be of no use to you in five years.

I believe that what has happened in recent years is that the “truth” has become very dark. We live in a finite world; we are rapidly approaching limits of many kinds. For example, there is not enough fresh water for everyone, including agriculture and businesses. This inadequate water supply is now tipping over into inadequate food supply in quite a few places because irrigation requires fresh water.… Read more...

El Viejo más Rico del Mundo

El tiempo es la clave: cuando te mueres o enfermas no te llevas el dinero contigo: el dinero sólo lo tienes durante un periodo limitado de tiempo.

El tiempo es el recurso escaso. Los que más tiempo tienen siempre son los jóvenes. Un jóven tiene más riqueza que el viejo más rico del mundo, y esto no es poesía, es realidad.

En esta cultura oímos a burócratas y a viejos billonarios como si fueran santos de hace siglos. Y mantenemos a los jóvenes sin una buena educación y sin trabajo. Drogados con imágenes alienantes y materialistas de cómo deben ser sus vidas. Haciendo imposible su desarrollo propio y genuino.

Si queremos tener algún tipo de futuro éste va a necesitar de dosis enormes de creatividad y energía. Algo que sólo las personas jóvenes tienen en abundancia.… Read more...

The value of Bitcoin does not come from some arbitrary value, and therefore people trade it. It’s quite the opposite: because anyone can trade with BTC (anywhere, everywhere with no fraud and very low fees), that as a result it has value.

With bitcoin, we can trust the people, not one man. We can trust that 51% of us are honest. We can trust that we, collectively, can make the best decisions where our own money is concerned and not one faceless bureaucrat. We can trust that the same rules apply to all.

It is a mistake to think that the BTC gets its value from the energy needed to manufacture it. Cost is not value. A thousand men can make a hole in the ground at a cost, but that’s not worth anything. Scarcity is not a source of value either: fingerprints are scarce but not valuable.

La Ventaja de Capital de la Minería de BTC

Mientras la capacidad de adquirir criptomoneda no esté liberada de la capitalización (comprar, minar), las criptomonedas adolecen del mismo problema que el sistema anterior. Sirven para hacer a los ricos mas ricos de forma desproporcionada, y otorgarles control sobre la propia moneda. La única salida es crear moneda como contrapartida a valor añadido.

Las cryptos actuales son recursos escasos que la gente roba o acapara, como pasa con el dinero fiat o el oro. Lo único de valor real es el trabajo y la creatividad de las personas, no el dinero, que es una simple (pero necesaria) herramienta de compensación de cuentas.

El valor añadido en una economía descentralizada y libre no es algo manipulable: es una percepción del comprador, que entrega a cambio su dinero de forma libre.… Read more...

Mass Inequality Reason II: Complexity

Its kind of paradoxical that technology and globalization has exponentially increased complexity and hierarchies.

In the early 70’s the vast majority of what we ate and drank came from within 50 miles of us.  Everything from the house to the furniture to the cars to clothes and shoes we wore were made in the US and/or Europe.

Growing complexity uses to be related to the claim “technology will save us”. It involves the use of more advance machinery and workers, as well as bureaucratic hierarchies. As a result businesses and administrations become larger, more hierarchical, less efficient and less productive for added value tasks (not the case for tax extraction obviously).

Growing complexity increases energy consumption as well as wealth disparity.… Read more...

Scarcity and the Idea of Fiat Money

The essence of economics is to generate scarcity. The modern idea of money is something totally separate from the concept of value: without real backing, manufactured from debt; free for some, unaffordable for others. And no matter who is in Parliament: its fundamental mission is to generate scarcity: scarcity of jobs, scarcity of land, scarcity of talent, scarcity of health.

There are some investments whose return has been and is immense, such as the GPS System. This system costs 1 billion dollars a year to operate. But the value it generates is immensely greater, and it is free for everyone.GPS is an example of a system in which there is no scarcity, and therefore no need for money.

In fact nothing that has no scarcity needs money at all.… Read more...

The 3 Focus Mantra

This is a good framework to help entrepreneurs to make sense of the chaos and uncertainty. The 3 focus mantra.

🎯 Focus on who you really are, how to strengthen your skills to create amazing stuff, and make the world a better place. This is related to purpose and coaching.

🎯 Focus on developing ONE single product with one price targeted to a single niche. This is about product management.

🎯 Focus on opening one stable sales channel for this niche and use one single key metric to measure progress. This is related to demand generation.

Every time you are not focused you waste time and energy, which are the really scarce and valuable resources; not money.

La Falacia de la Escasez

El sistema monetario se inventó hace siglos y sin embargo seguimos usándolo sin hacernos las preguntas más básicas en torno a la falacia fundamental. Esta falacia consiste en que existe escasez porque los deseos humanos son infinitos, mientras que los recursos son limitados.

Prueba de que esto es una falacia es lo que ha pasado con la agricultura. Hace pocos siglos la mayoría de la población occidental estaba empleada en ella. La escasez y las hambrunas eran habituales. Hoy apenas nadie se dedica a ella; la gente come demasiado, y de hecho en  los paises desarrollados sobra comida.

La moneda no es real por el mismo motivo; y además no está basada en oro, activos reales, o cualquier otro recurso escaso. Sin embargo el dinero se fabrica a sin límite aparente y se entrega a la población a cambio de su trabajo, o de intereses (ambas cosas totalmente reales, respaldadas por horas de productividad o beneficios económicos).  … Read more...