Thursday, April 18, 2024

The World is Halving!

 The world is halving,
the World is HALVING.
Q: Bitcoin is due to "half". Explain what half means and how that might impact the price of bitcoin before and after? and ... Q: Which bitcoin miners will be most impacted by the halving event this week? (See Answer below.) 

ChatGPT or MS Copilot or Gemini .... nice answers... (See below)

Summary of answer: Since inception in 2009, bitcoin has been designed to pay-out half the number of coins per block awarded to "miners". It started at 50 coins per block. About every 4 years (210,000 blocks) the number of coins payout has halved. It is now down to 6.25 coins per block. Some time over the next day or so, the amount payout will halve again to 3.125.

Thursday, April 4, 2024

Disruptive Innovation: Why AI Will Spark Exponential Economic Growth

 The innovation and investment guru Cathy Wood gave a TED talk in December 2023 about 5 pivotal innovation platforms that will (continue) to change the world as we know it. Her group expects to see exponential sustained growth that is fueled by the productivity gains in these areas, especially where they converge. The 5 platforms (AI, Robotics, Energy Storage, DNA sequencing, and blockchain) are described below, with AI in the center. One example she uses is the rapid move to self-driving taxis. TED talk with Cathy Wood, Why AI Will Spark Exponential Economic Growth. (2023, Dec. 18).