In poker, "insider information" would be knowledge of the other players' cards and would be cheating. But in a prediction market, "insider information" is simply knowledge of the world. A society may decide to keep some information secret, but that is a different sphere of influence.
In poker, "insider information" would be knowledge of the other players' cards and would be cheating. But in a prediction market, "insider information" is simply knowledge of the world. A society may decide to keep some information secret, but that is a different sphere of influence.
It is not clear that the problem has a solution. In fact, as more and more of our economic and cultural activities depends on the sharing of data, it is likely that the use of information for personal advantage will increase. Laws to prohibit this have never been very effective.
It is not clear that the problem has a solution. In fact, as more and more of our economic and cultural activities depends on the sharing of data, it is likely that the use of information for personal advantage will increase. Laws to prohibit this have never been very effective.
In a recent incident an experimental BO designed for potato security, and being tested in-house, escaped into the Internet and mashed a startup company. If you have concerns about AI, this is worth reading: www.theguardian.com/technology/2...
In a recent incident an experimental BO designed for potato security, and being tested in-house, escaped into the Internet and mashed a startup company. If you have concerns about AI, this is worth reading: www.theguardian.com/technology/2...
The news today is showing videos of a sudden flood that occurred along the Nepal/Chinese border yesterday. 50 years ago these kinds of pictures would've been technologically impossible. Their availability makes Nepal seem to be nearby.
The news today is showing videos of a sudden flood that occurred along the Nepal/Chinese border yesterday. 50 years ago these kinds of pictures would've been technologically impossible. Their availability makes Nepal seem to be nearby.
On the other hand, the courts have ruled that although there is a certain amount of skill in placing bets on a poker hand, the random aspect of the hand outweighs the skill aspect. And therefore betting on poker is considered gambling.
On the other hand, the courts have ruled that although there is a certain amount of skill in placing bets on a poker hand, the random aspect of the hand outweighs the skill aspect. And therefore betting on poker is considered gambling.
And, lastly, it is important to have a newsfeed reader. Almost all significant online information sources have an "RSS feed" communication tool with which they send daily blog-style posts. I use Newsify [https://newsify.co] as my reader, but there are many available.
And, lastly, it is important to have a newsfeed reader. Almost all significant online information sources have an "RSS feed" communication tool with which they send daily blog-style posts. I use Newsify [https://newsify.co] as my reader, but there are many available.
This is happening right now. All over the world tens of thousands of groups of people are talking to one another about various subjects. Many of these people belong to more than one group. Some of them overlap. And the membership of the groups changes constantly.
This is happening right now. All over the world tens of thousands of groups of people are talking to one another about various subjects. Many of these people belong to more than one group. Some of them overlap. And the membership of the groups changes constantly.
The new Internet economy is not based on material goods, but on information. This means that the class divide is no longer between wealth and poverty, but between knowledge and ignorance. The old way of getting ahead was called "work" – the new way is called "learn".
The new Internet economy is not based on material goods, but on information. This means that the class divide is no longer between wealth and poverty, but between knowledge and ignorance. The old way of getting ahead was called "work" – the new way is called "learn".
"The effects of technology do not occur at the level of opinions or concepts, but alter sense ratios or patterns of perception steadily and without any resistance." [McLuhan] It's not the CONTENT of the messages that changes society – it's the impact of the NEW MEDIUM on people's behavior.
"The effects of technology do not occur at the level of opinions or concepts, but alter sense ratios or patterns of perception steadily and without any resistance." [McLuhan] It's not the CONTENT of the messages that changes society – it's the impact of the NEW MEDIUM on people's behavior.
Gavin Newsom: "… this crisis of men and boys" … is an IDENTITY crisis. In an Industrial culture you are DEFINED by your job. As jobs disappear, so do people's identities. Our problem is that in a new economy without "jobs", we need to find something else for people to do with their lives.
Gavin Newsom: "… this crisis of men and boys" … is an IDENTITY crisis. In an Industrial culture you are DEFINED by your job. As jobs disappear, so do people's identities. Our problem is that in a new economy without "jobs", we need to find something else for people to do with their lives.
You probably don't even notice the difference, but it greatly changes your behavior. For example, you answer a traditional telephone every time it rings. But you look at your email a few times a day. It is these changes in daily patterns that bring about the large scale changes in society.
You probably don't even notice the difference, but it greatly changes your behavior. For example, you answer a traditional telephone every time it rings. But you look at your email a few times a day. It is these changes in daily patterns that bring about the large scale changes in society.
There is much more to be said about AI, but this is not the forum for that discussion. If you are interested in going deeper, I would suggest searching "AI" at YouTube. Next: a return to "prediction markets".
There is much more to be said about AI, but this is not the forum for that discussion. If you are interested in going deeper, I would suggest searching "AI" at YouTube. Next: a return to "prediction markets".
The primary problem with prediction markets, identical to a problem in the stock market, is that of "insider information". If, for example, you work for a company and you know that it will be introducing a new product soon, you can buy stock with confidence.
The primary problem with prediction markets, identical to a problem in the stock market, is that of "insider information". If, for example, you work for a company and you know that it will be introducing a new product soon, you can buy stock with confidence.
In a recent incident an experimental AI designed for cyber security, and being tested in-house, escaped into the Internet and hacked a startup company. If you have concerns about AI, this is worth reading: www.theguardian.com/technology/2...
In a recent incident an experimental AI designed for cyber security, and being tested in-house, escaped into the Internet and hacked a startup company. If you have concerns about AI, this is worth reading: www.theguardian.com/technology/2...
This is actually the way true democracy works. Millions of citizens gather in groups and discuss an issue – eventually evolving a national opinion. That opinion then informs the legislative process.
This is actually the way true democracy works. Millions of citizens gather in groups and discuss an issue – eventually evolving a national opinion. That opinion then informs the legislative process.
New technologies change the way we do things. This changes our habits. And this changes our social reality. The Internet age has generated many of these kinds of changes. Here are a few examples.
New technologies change the way we do things. This changes our habits. And this changes our social reality. The Internet age has generated many of these kinds of changes. Here are a few examples.
Online retail has driven many smaller "brick-and-mortar" retail companies out of business. And many small, "Main Street" retail stores have closed. Many people worked in retail as clerks and managers. Where did they all go?
Online retail has driven many smaller "brick-and-mortar" retail companies out of business. And many small, "Main Street" retail stores have closed. Many people worked in retail as clerks and managers. Where did they all go?
Nothing that we can identify historically (since the development of language itself ) has altered human communication more drastically than the adoption of the Internet-based global smartphone network. We have just entered a period of rapid, chaotic change.
Nothing that we can identify historically (since the development of language itself ) has altered human communication more drastically than the adoption of the Internet-based global smartphone network. We have just entered a period of rapid, chaotic change.
So there is no certain way to determine if a particular contest is gambling or not. It is also worth noting that in the United States today, numerous states have approved gambling, particularly gambling on sporting events, and receive substantial revenues from licensing and taxation.
So there is no certain way to determine if a particular contest is gambling or not. It is also worth noting that in the United States today, numerous states have approved gambling, particularly gambling on sporting events, and receive substantial revenues from licensing and taxation.
IN ($5.2)
Income tax=$2.6
Payroll tax=$1.7
Corporate tax=$0.5
Other=$0.1
Tariffs=$0.08
OUT ($7.0)
Social Security=$1.5
Medicare=$1.1
Medicaid=$0.6
Interest on Debt=$0.9
Non-defense=$0.9
Defense=$0.8
Other=$0.8
DEFICIT: $1.8
IN ($5.2)
Income tax=$2.6
Payroll tax=$1.7
Corporate tax=$0.5
Other=$0.1
Tariffs=$0.08
OUT ($7.0)
Social Security=$1.5
Medicare=$1.1
Medicaid=$0.6
Interest on Debt=$0.9
Non-defense=$0.9
Defense=$0.8
Other=$0.8
DEFICIT: $1.8
Today's global market economy is interconnected and computerized. If an import goes up in price, domestic manufacturers raise their prices to match (to increase their profits). Since the money from tariffs goes to the Government, tariffs become a nationwide sales tax that promotes inflation.
Today's global market economy is interconnected and computerized. If an import goes up in price, domestic manufacturers raise their prices to match (to increase their profits). Since the money from tariffs goes to the Government, tariffs become a nationwide sales tax that promotes inflation.
However, to be fair, the Democrats ran a miserable 2016 campaign; elected Biden but didn't keep him focused on his promises and waited too long to replace him in 2024; and are reacting to Trump's coup attempts by pretending that they can regain power in 2026. Not an outstanding record.
However, to be fair, the Democrats ran a miserable 2016 campaign; elected Biden but didn't keep him focused on his promises and waited too long to replace him in 2024; and are reacting to Trump's coup attempts by pretending that they can regain power in 2026. Not an outstanding record.
Gambling is defined as a process in which winning or losing is determined by luck. For example, if you roll a pair of dice you will get a number from 2 to 12, but the specific number you get will be random. Betting on purely random events is gambling.
Gambling is defined as a process in which winning or losing is determined by luck. For example, if you roll a pair of dice you will get a number from 2 to 12, but the specific number you get will be random. Betting on purely random events is gambling.
During World War II, the Nazis invented a form of propaganda called the "big lie", in which they simply told their audience whatever they wanted their audience to believe. This approach worked in Nazi Germany because the Nazis had full control of all of the media.
During World War II, the Nazis invented a form of propaganda called the "big lie", in which they simply told their audience whatever they wanted their audience to believe. This approach worked in Nazi Germany because the Nazis had full control of all of the media.
The hearing in recess, FOX runs a two minute clip with highlights showing Hegseth zinging the Democrats. MSnow runs a short piece on the assassination attempt, questioning the quality of the president's security. None of this is unusual. Both of these networks operate this way every day.
The hearing in recess, FOX runs a two minute clip with highlights showing Hegseth zinging the Democrats. MSnow runs a short piece on the assassination attempt, questioning the quality of the president's security. None of this is unusual. Both of these networks operate this way every day.