Log

The Singularity Controversy: 3 years later

 

A London Futurists Meetup

14 May 2016, 14:00–16:00, Birbeck College

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Cite as: Amnon H. Eden, “The Singularity Controversy: Three Years Later“, Sapience Project, London Futurists Meetup (14 May 2016), Birbeck College, London, DOI 10.13140/RG.2.1.1878.7448

Three years have passed since the publication of the volume of essays “The Singularity Hypotheses” — a publication that was marked at the time by a London Futurists discussion event. During these three years, public awareness of the concepts of an intelligence explosion has grown sharply – fuelled, in part, by statements from luminaries such as Stephen Hawking and Elon Musk.

In this event, Amnon Eden, lead editor of Singularity Hypotheses, returns to London Futurists to provide an update on the controversies about the Singularity. Topics to be covered will include:

• Luddites, Philistines, and Starry-Eyed: The War over Killer Robots
• AI (Artificial Intelligence) vs. IA (Intelligence Augmentation)
• “Technological Singularity”: A Definition, Sufficient and Necessary Conditions
• Perennial Fallacies, Debunked and Re-debunked
• Learning from the media storm

Registration & Further details

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Spot exchange rates of the pair BTC/ETH and the utility ratios of the two coins as calculated by two Shannon-based Shin functions

On the Utility Value of Currencies

Notions of value of #currencies such as Bitcoin and the US Dollar presuppose that the exact value of each coin equals its exchange rate or price at each point in time, ie, the price of one coin is only ever defined in terms of another. Alternative notions of value are also defined in relative terms (e.g., the price of gold, or ‘purchasing value’). Consequently, financial analyses focus on questions about the future: will price go up or down? We rarely agree on the answer to, What is the actual value of Bitcoin? Or ask, inter alia, What is the actual value of the US Dollar? This paper examines an alternative understanding based on the assumption that currencies have utility values: at each point in time, the utility value of a currency is a physical, absolute, independent property, which can be measured just like the temperature and entropy of a gas. We define an abstract machine which models the currency’s wallets and the movement of coins between them, and postulate that utility values can be computed from the currency’s abstract machine, using data about the currency itself and nothing else. Figuratively speaking, utility values define ‘price’ without prices. In support of […]

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