Implications of a machine economy

CategoryMachine Economy

How methane emitting cattle can actually help solve Australian bushfires

The news of Australian bushfires is heartbreaking. And the Australian PM’s response is infuriating. Not just in regards to the direct measures taken, but also as to the cause of the fires and its future mitigation. All the more because there are solutions that not only protect the environment against such disasters, but bring economic benefits as well.The irony is that the solution has...

Usecase: Cattle herding and biological carbon sequestring with robots

This post is related to the post about Australian bushfires. It dives deeper into the possibilities IOTA offers regarding solutions mentioned there. Over time we’ll develop this into a usecase that can explored in a hackathon. [This post only contains some basic ideas on how to use IOTA, but does not go into the details of how to build it. It would require much more research in order to...

Availability – not ownership – for items we don’t use much

To have everything our heart desires is a primitive drive in life. But our ecological footprint is problematic as it is already. Our environment cannot sustain ever increasing consumption. And that’s with an existing inequality in material possessions in the world right now. What happens when Southeast Asia and Africa go to western levels of consumption or above? We argue that the solution...

Trialogue: An open framework for ethics, data analysis, and supervision, in statistical modeling

Entry for IOTA’s Perfect Brainstorm Download PDF The Perfect Brainstorm, a community contest aimed at bringing the brightest thinkers, visionaries and business oriented people together to work out concrete use case ideas enabled by IOTA. The grand winner of this contest will get their idea implemented. There will be cash prizes for the top 3 ideas and the best 5 submissions will receive...

Reframing abundance for a sustainable economy

Abundance is one of the promises that comes with renewable energy. “If only we had enough energy, we could get anything we want.” But is that true? And can that be true for everyone in the world? Without destroying the world as we know it? This post goes deeper into psychological and philosophical side of abundance, as opposed to the technical side. Because if we frame it right...

The importance of free value transactions for renewable energy grids

The energy grid is experiencing problems in dealing with the increase in production of renewable energy. There’s a common argument against solar panels and wind turbines. They produce energy when the sun shines or the wind blows, but not necessarily when we want to use it. Luckily the ever-increasing fleet of electrical cars – including hybrids – can help solve that problem, now and in the...

The implementation of a feeless transaction system

One of the key features of IOTA is that there is no transaction fee. It is designed for micro transaction on the Internet of Things. This opens up a lot of possibilities (more on this in future posts). The problem however is, that as long as IOTA transactions are benchmarked against fiat money we are not able to reap the full benefits. Exchange rate risk premiums could counteract the feeless...

On IOTA as a currency replacement

What cryptocurrency has the highest chance of replacing traditional currencies in the future? Is it Bitcoin or some other ones? In my opinion IOTA – Next Generation Blockchain stands a good chance. Better than Bitcoin, although I don’t believe traditional currencies will be replaced anytime soon. Traditional currencies have certain problems, which Satoshi Nakamoto tried to solve with...

Implications of a machine economy