Will Bitcoin be banned
Good Day! This is my weekly newsletter, with a dose of insights into the future. The topic of this newsletter is the exponential times we live in, hence the title of f(x) = e^x, which is the (natural) exponential function.
Why Banning Bitcoin and other Cryptocurrencies is Not the Solution
My latest article:
The recent crackdown on cryptocurrencies by countries such as China and South-Korea, caused mayhem among cryptocurrencies, with some coins losing almost 50% of their value in a few hours and Bitcoin dropping 25%. Many government bodies and regulators are trying to understand cryptocurrencies and developing regulations for it. However, outright banning cryptocurrencies, crypto exchanges and ICOs is not the solution. Instead, what we need is global regulations focused on exchanges to comply with KYC-AML regulations and ICOs to comply with regulations similar to IPOs. Only then will we get a more educated and regulated market, without limiting innovation, which would benefit all.
Three Useful Nuggets of Information
My weekly tips from around the web to get you thinking.
1. The shipping industry will be upgraded; with blockchain.
The global shipping industry has remained the same since the invention of the container. Now, the world's container shipping firm A.P. Moller-Maersk is moving to the blockchain to speed up trade and save billions of dollars. (Fortune)
2. What will the future look like? Ask AI.
The world has become accustomed to the volatility of 2017, which is why 2018 will be less risky. At least, that is what will happen according to predictions made by GeoQuant's AI bot. (Axios)
3. Another area where AI outperforms humans: reading.
Alibaba and Microsoft have developed AI that is better at reading and comprehension tests of words and sentences than humans. This means that we can now ask objective questions to AI that it can answer with high accuracy. (Bloomberg)