Regulation for the Future, with Barney Frank

The question is what should we be cognizant of as new technologies emerge, and franklyit’s a very good question and it answers itself. We should be cognizant of the new technologies.The pattern that we see where regulations could go or that we should see is the privatesector innovates. And that’s a good thing because they…

New industry export goods hit 30 billion U.S. dollars in the first half of 2017, account for 11%

New industry products led Korea’s export growth in the first half of this year, surpassing30 billion U.S. dollars.The Ministry of Trade, Industry, and Energy said Wednesday,… eight new industries includingnext-generation semiconductor, display, energy, biohealth and aerospace accounted for morethan 11 percent of Korea’s total exports between January and June this year.These eight new industries saw…

Blood diamonds, stolen cars, sweatshops: Blockchain stops all that | Brian Behlendorf

Ginni Rometty, who’s the CEO of IBM, said she believed that blockchain technology willbe to transactions what the Internet was to information, meaning it will be pervasiveacross all industries that touch transactions—which is all of them.They all deal with money, they all deal with tracking product and the handoffs of valuefrom one party to another.So…

The Digital Economy Should Be about Capital Creation, Not Extraction

For 75 years now corporate profit, over their total value, has been decreasing. That meanscorporations are really good at accumulating money but increasingly worse at deployingthat money, at making money with money. This is really serious. Pharmaceutical companiesdon’t know how to make drugs, they only know how to acquire companies that do. Google evenis no…

How bitcoin is like the internet in the 80s

A lot of people talk about bitcoin as a new kind of currency, but ignore that talk. Bitcoinis a crappy currency. Dollars are a good currency. The real revolution of bitcoin is as a newkind of payment network, something like Visa or PayPal. Those conventional payment systemsare owned and operated by for-profit companies. But bitcoin…