The Transhumanist Pipe Dream of a ‘Zero-Cost’ Future

What is Singularity University, you ask? You can explore its web page to find out, but one good place to start is with its transhumanist beliefs. For example, that “leveraging the convergence of exponential technologies will set us on the path to solve our global grand challenges and shift from an era of scarcity to abundance.” Also, as they as they move closer to their grand mission, they believe they’ll help “usher in, quite literally, a massive transformation for humanity.”

Bitcoin Isn’t The Bubble – The Global Financial System Is

For one thing, bubbles don’t do what bitcoin has done since its inception in 2009. During my 10-year tenure on Wall Street, I saw several bubbles grow and then burst, and one thing you learn is that an actual bubble rises like crazy and then totally pops. It doesn’t come right back a couple of years later and soar again to a new price 10 times greater than the previous bubble’s high, which is what bitcoin has done after each one of its three or four previous “bubbles” burst.

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