Congress wants answers. It’s caveat emptor if someone boosts (pays to advertise) a Facebook post about a new fruit smoothie that prevents cancer, heart disease, and warts. But suggest to a professional politician that the same exact Facebook advertising might adversely affect that politician’s ability to get reelected, and it’s time for a congressional hearing.
Professional negotiators often wax poetic about win-win outcomes: where both sides cooperate and compromise. In practice, win-win is never a dominant strategy. Lose-lose almost always beats it. Here’s why.
We already live in a world where you can press a button and request a self-driving car, what will really change when fleet cars are autonomous?
An ICO is similar to an IPO (initial public offering) in that it offers a certain amount of ownership in a company to the public. In an IPO, a share of stock represents fractional ownership of a corporation. In an ICO, a crypto coin represents a percentage of ownership in pretty much any business endeavor offered by pretty much anyone. This lack of regulation and oversight allows for quick growth, pivots, and innovation but it also comes with a brand-new risk profile – which is both exciting and terrifying!
Proponents of the technology tout its convenience and the idea that you never have to remember your wallet or a password, ever again. While they are technically correct, chipping people invokes a train of thought that quickly descends to the darkest of places.