Robots Will Be The New Illegal Immigrant, Economists Say 

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The U.S. stands to lose 80 million jobs to automation.

Thomas Phippen reports: The robotic labor revolution is coming quickly, and the workforce may not be able to adapt without long periods of unemployment, according to economists at the Bank of England.

“Economists should seriously consider the possibility that millions of people may be at risk of unemployment, should these technologies be widely adopted.”

“Economists should seriously consider the possibility that millions of people may be at risk of unemployment, should these technologies be widely adopted,” BOE economists Mauricio Armellini and Tim Pike wrote in a post on Bank Underground, a blog for bank employees, Wednesday.

Artificial intelligence (AI) “threatens to transform entire industries and sectors,” the authors write, arguing that with the speed of industries adopting technological developments won’t give the labor force time to adjust. Read the rest of this entry »


[VIDEO] ‘Bitcoin is the Real Disruptor’

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“Bitcoin is punk rock and you can’t turn it into smooth jazz just to satisfy the sensibilities of a timid boardroom.”

Presenting as part of the session “Beyond Bitcoin, Unleashing the Blockchain“, Andreas M Antonopoulos opens with a contrarian perspective. It’s not about “beyond bitcoin”, and you can’t put this technology on a leash to make it more palatable.

Bitcoin is the real thing, the revolutionary and disruptive technology that can’t be tamed.

Wired Money 2015  YouTube

Punk Image source: Punk Rock Cyborg by Trinivee