Max Entropy

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About Max Entropy

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  1. Additionally, I have been wondering whether the adoption of crypto currencies in some way enables countries with huge debt and aging demographics to postpone or avoid a reset... that is, print forever. Or maybe it's is just a short term revenue generation opportunity.
  2. @Mercury Really informative answer - thanks ! Mercury said: Regulation clarity, Japan has official rules and regulation that clarifies digital transactions that helps provide clarity to banks. Culture, Asian countries in general are more tech friendly and often have the mindset of fierce technological investments to drive profits (rather than procedural changes found on Wall Street). This is also true of these countries consumers, who are more open to new tech. Many countries in Asia feel that SWIFT, World Bank and other international banking tools are tailored to Western countries and are heavily influenced by them. Asian countries may seek another option, if not to replace, to at least offer counter balance. Internal fund transfer systems are a hodgepodge of various technologies and are at times slow (Japan's are very complex), a system like Ripple that can offer inter and external bank connections can be all-in-one solution. Snowball effect, there was some early heavy adopters in Japan. With their smaller international presence domestic banks face stiffer competition in their home markets from each other and might fear be left out. By joining a consortium you not only reap the benefits of whatever is deployed, but you also keep tabs and abreast of your internal competition while fending off foreign competition. To redeem that fast and furious Tokyo drift movie, not really, just checking to see if your still reading. Ripple has a kick *** Asian sales team -- Hi Mercury, I have a slightly different perspective on Asia, although I clearly agree with your comments. I have had my products sold by large global distributors through out Asia, although not China. I feel that Asia, values Western tech, but tends not to invent their own technologies (yes I know there are hardware exceptions). I think this is because the stake-holders in Asia want to extract money and not invest in risk... which is the basis of research and development. America can undertake R&D because they have the mindset, the distribution channels and most importantly the reserve currency. Your answer is much appreciated and informative.
  3. Why are Japan and Asia the apparent early adopters?
  4. @mars75 Hi Mars, I trust that you don't really think that two (2) planes brought down three (3) buildings at free fall speed do you? This is the topic that the cited video above nicely side steps.
  5. Hi NikB, I think you must live in a different country/region/community. Up here, in the near north we don't lock our doors... and often the front door (exception of the screen door) is open all spring, summer, and fall. The only reason we close doors so to keep the flies and the neighbour's pets out. If it is locked, then the key will be under the rock closest to the door. :-)
  6. @Montoya I agree we are in the weeds. I do not mean to really carry this on. But I have found the following talk to reflect my own experience with the topic of intellectual property. The work was done by Kirby Ferguson and is first rate. I discovered this talk when reading Cory Doctorow's work on the topic. Doctorow is a significant name in the space. My personal experience comes from an area of articifical intelligence related secondary research in spoken language systems. The lawyers at a significant Telco, asked me to patent specific software techniques that we were working on. It would have been easy, but I would have had to 'disown' the contributions of several collaborators in two (2) universities which we were funding related primary research. [They would have never known of the significance of their contributions]. The process gets very messy... and in fact, I did not believe we owned clear rights to any of the the techniques. So I declined. Similarly, I follow work in Condensed Matter Nuclear Science (Cold Fusion) in the university and government labs of which some 300 research scientists globally - who aggressively debate the fundamental methods of reaction control and the origin of the active sites in the substrates. These professors are very keen to patent (because it gives them recognition which been missing in this field and money, which they sorely need) however, I am convinced that their discussions have thoroughly polluted any novel approaches that they could individually claim, and none would agree to share recognition. In areas which have complex mechanisms, ideas are easily shared and evolved. There is no clear owner. Somewhat relatedly, in the talk below, it is observed that humans function by first copying the technique and the mechanics of others, and then and only then, when they have 'mastered' the technique do they then explore - more - and add original content. If it is human to 'copy' then how can 'Business / Government' declare ownership. Kirby Ferguson has a TED talk as well, but this is the original. Apparently, it has been viewed over two (2) million times, as of 2015. --
  7. @apollo i am only stating that the system is rigged. The data you are citing is not useful or indicative of any real measure. Please refer: Paul Craig Roberts - an economist and assistant Secretary to the Teasury under Regan www.paulcraigroberts.org John Williams - Shadow Stats -- Signing off... Gone to the beach... kite boarding
  8. @papa You are a military guy, I do not expect you to understand nuance. Please re-read what I have said.
  9. @Montoya Good intro... to a complex topic... let us say that the mythical disk drive you speak of, is physically located in Montana and can not be moved. Now let us say that only people of Montana say, can: hold the patent on this disk technology Now let us say that Portgal discoveries say: a new compression algorithm that improves the disk storage by 50% Further let us say that Portugal used this knowledge acquired from a Montana resident on vacationing in Portugal... and no one knows this occurred. Then Portugal goes on to dominate disk storage worldwide. Question(s): Was the Portugese wealth created or transferred from Montana? Independently, what do the people of Montana think? The concept of 'creation' must surely be relative. Relative to space, time, and knowledge. -- I contend that there are very very very valid patent registrations. Most patents exist on either knowledge developed within a community of say, technology specialists (hence the race to patent); or the ideas are in effective stolen/acquired from primary or peer research fellows.There are very very few cases when a lone group or individual 'discovers' a novel technique.
  10. Hi @earthbound - How is your savings account doing? Has it hit negative interest rates yet? How are the surcharges? Have you purchased a loaf of bread recently? My local bakery is charging $5.25 per whole grain loaf? Have you looked at General Motors inventories? See James Howard Kunstler, an architect. What do you think about 8,300 businesses closing in US malls this year? What will happen to those malls? Why was Trump elected? Why does China, India, Russia purchase epic amounts of gold? Why does China not export the gold they mine? ... I could on and on... The system is rigged. Ripple is a transitional product. Clearly, I have no idea where this going. But I have faith in Ripple developers, as it is the people who create technology that can change or adapt technology. -- If we think about 'spheres of influence' and 'need to know' groups we can see how peer-to-peer technologies will evolve. Keeping transaction costs/fees minimal, and maximizing the efficiencies of end points is essential to keeping the middle-men out. By implementing systems in this manner both the middle-man profit and control can be removed from the system. If Ripple can be configured in the manner then I am in for the long term. If not, then I expect the Ripple Developers to protect their legacy - collectively and individually.
  11. Dollars are already obsolete. Look at the debt to GDP in the West. In most cases greater than 120%. Note, Russia has a debt to GDP ratio of 13%.
  12. I would like to see Ripple or Ethereum fund university level or think thank thought experiments about the thrust of @dazlightyear point. Simply stated, it would be informative to blue sky formally, how crypto currencies will change : how global communities interact in trade and commerce does this affect transfer of health? If so, from whom to whom? What are the long term implications of this technological enabling wealth transfer? does this affect... whatever "democracy" is said to to be or practiced? Is this new form healthy? In what ways? What us then novel? This list could be flushed out and formally proposed to funding foundations.
  13. Hi Kiwissz, No, the Bitcoin maximalists will never mention Ripple. Ripple is the establishment threat.
  14. Hi Svx, You are sort of correct... the sheep need the banks until they do not. Example, grand-mothers needed stamps until they did not. The suits at Ripple do not understand, but I think the developers will/do. "People buy why you do it, NOT what you do" TED - SImon Sinek Sinek, has several great talks on TED about why organization's succeed. I do not expect many here will understand as it is the opposite to pursuing money. In the short 15 minute talk you will be introduced the Goldent Circle concept, and to the Law of Diffusion of Innovation. Even the laggards will adopt crypto without the banks. i encourage each of to watch the Sinek talk, then ask yourself - is Ripple pursuing the product space because they 'believe' or whether they will earn the big bucks. Yes, of course, I am stretch the Sinek / Martin Luther King metaphor a bit, but it suits my purpose. The Bitcoin people are passionate about what they believe. I would challenge anyone to put the banks into this category. -- -- It is for this reason, that I see Ripple as a transitional product. An important product, because it will transition the banks out of business if international trade. The banks will necessarily be downsized because with these new margins decreased they can not continue. At the same time, the 'laggards' adopt crypto just as they did with e-mail... and poof... "it's gone", as the Joker would say. :-)