“A tropical paradise is racked with bankruptcy then smashed by a killer hurricane. In rides a cavalry of digital evangelists selling hi-tech revolution. Will they save the day?”
“By freely distributing plans for medical devices and pharmaceuticals, a loose collective of anarchists and hackers is threatening to pull the rug out from under one of the most regulated and profitable industries in the world. And they’re just getting started.”
“The stark contrast of failure and success is an increasingly familiar sight in the Saudi capital as the 86-year-old kingdom undergoes the biggest upheaval in its modern history to adopt a Western-style model of capitalism. Since the government trimmed subsidies and costs rose, the survival of businesses is being determined by different market forces.”
Read more: https://www.bloomberg.com/news/articles/2018-07-18/it-s-adapt-or-die-in-the-new-saudi-economy
“The head of the Bank of International Settlements has predicted a bad ending for cryptocurrencies, calling for an end to their production in a recent interview.”
Read more: https://www.coindesk.com/bis-chief-says-stop-trying-to-create-money-in-new-crypto-critique/
“The most telling thing about the entrapment prosecution is the sentencing memo, which blatantly lays out the feds’ fear and contempt for any attempt to keep a financial transaction private, whether or not anything inherently illegal is happening.”
Read more: https://reason.com/blog/2018/07/17/entrapment-prosecution-of-bitcoin-exchan
“At the intersection of programming, economics, cryptography, distributed systems, information theory, and math, you will find Vitalik Buterin, who has managed to synthesize insights across those fields into successful, real-world applications like Ethereum, which aims to decentralize the Internet.”
“Chinese tech isn’t an imitation of its American counterpart. It’s a completely different universe.”
Read more: https://logicmag.io/04-letter-from-shenzhen/
“The six-year legal saga is widely seen as a test for how far the United States can reach globally to apply U.S. firms’ intellectual property rights.”
“Calling the police on nonviolent license offenses is the adult equivalent of throwing a temper tantrum on the playground, except the temper tantrum doesn’t have a chance of ending in shots fired.”
Read more: https://fee.org/articles/schools-have-created-a-generation-of-permit-pattys-and-bbq-beckys/
“With a phone pressed to the side of their sanctimonious faces, this army of volunteer state minions get to feel like their local police–tyrannical psychopaths.”