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Message: Want to go to Mars?

 

Here’s what’s on our radar at the moment:

 

The rise of “deep decarbonization”

 

Reducing carbon emissions is a broadly held goal; even the biggest of the Big Oil firms acknowledge that there’s going to be significant shifts in the world’s energy consumption patterns in the coming years, and lower consumption of fossil fuel is going to be part of that picture. The most visible signs are things like the growth of wind and solar power, and the rise of fully electric vehicles. But Michael Liebreich, the founder of New Energy Finance, points to other, less obvious trends that comprise what he calls “deep decarbonization”:

 

Astonishing progress is being made on super-efficient industrial processes, connected and shared vehicles, electrification of air transport, precision agriculture, food science, synthetic fuels, industrial biochemistry, new materials like graphene and aerogels, energy and infrastructure blockchain, additive manufacturing, zero-carbon building materials, small nuclear fusion, and so many other areas. These technologies may not be cost-competitive today, but they all benefit from the same fearsome learning curves as we have seen in wind, solar and batteries.

 

Link: BNEF

 

 

 

  • The proportion of Canada’s uninsured mortgages reached an eight-year high in January, says the Office of the Superintendent of Financial Institutions. The growth in such mortgages is due to rules instituted in January that impose stress tests for borrowers with a greater than 20% downpayment. They’re instead turning to alternative lenders. (Bloomberg)
  • Health Canada released its proposed rules for the packaging and labelling of marijuana products when they’re legalized later this year. They prominently display health warnings similar to cigarettes. Scroll to the bottom for a mockup. (Health Canada)
  • Toys “R” Us may be bankrupt, but its brand name still has tremendous equity with shoppers, and will likely be one of the more valuable things it sells off. (Reuters)
  • IBM unveiled the “world’s smallest computer” at its annual conference yesterday. It’s about as powerful as a desktop computer circa 1990—but it’s smaller than a grain of salt and, in production, will cost about 10¢ to produce. (Mashable)

 

 

 

A self-driving Uber killed someone

 

A self-driving car operated by Uber struck and killed a pedestrian in Arizona yesterday, the first such incident ever reported. A human “safety driver” was behind the wheel, but the car was in autonomous mode at the time of the collision. The exact circumstances are still being investigated, but Uber has halted other test programs underway in Pittsburgh, San Francisco and Toronto.

 

The fatal crash will most likely raise questions about regulations for self-driving cars. Testing of self-driving cars is already underway for vehicles that have a human driver ready to take over if something goes wrong, but states are starting to allow companies to test cars without a person in the driver’s seat. This month, California said that, in April, it would start allowing companies to test autonomous vehicles without anyone behind the wheel. Arizona already allows self-driving cars to operate without a driver behind the wheel. Since late last year, Waymo, the self-driving car unit from Google’s parent company Alphabet, has been using cars without a human in the driver’s seat to pick up and drop off passengers there. The state has largely taken a hands-off approach, promising that it would help keep the driverless car industry free from regulation. As a result, technology companies have flocked to Arizona to test their self-driving vehicles.

 

Link: The New York Times

 

 

12 truths about technology

 

Tech entrepreneur and commentator Anil Dash has been around long enough to see some booms and busts in the tech sector, and the evolution of the Internet from a loose constituency of hacker misfits to the defining technology of contemporary capitalism. He’s distilled his experience into this essay running down 12 things that everyone should know about technology, including point No. 2, which is that nothing about the technology we take for granted today was inevitable, nor is what happens next:

 

Popular culture presents consumer technology as a never-ending upward progression that continuously makes things better for everybody. In reality,new tech products usually involve a set of tradeoffs where improvements in areas like usability or design come along with weaknesses in areas like privacy & security. Sometimes new tech is better for one community while making things worse for others. Most importantly, just because a particular technology is “better” in some way doesn’t guarantee it will be widely adopted, or that it will cause other, more popular technologies to improve. In reality, technological advances are a lot like evolution in the biological world: there are all kinds of dead-ends or regressions or uneven tradeoffs along the way, even if we see broad progress over time.

 

Link: LinkedIn

 

 

The legal battle over colonizing Mars

 

It’s unlikely to happen as soon as the optimists think, but people are determined to go to Mars. It could be as part of a national or multilateral public project (U.S. President Donald Trump has talked about a militarized “Space Force” recently); but the likelihood of a private expedition is growing too, with (who else?) Elon Musk musing about the logistics of sending colonists to the Red Planet. But even if someone can clear the considerable technical hurdles, there remain the thorny problems of space law:

 

Legally speaking, settling space isn’t as easy as Trump and Musk suggest. The foundational piece of space legislation is the Outer Space Treaty, which was ratified by the U.S., U.S.S.R., and dozens of other nations in 1967. Per the treaty, nations aren’t allowed to place “nuclear weapons” or “weapons of mass destruction” in outer space, period. And any celestial body — such as an asteroid, the Moon, or Mars — must be used “exclusively for peaceful purposes.” Depending on what Trump had in mind for the “Space Force,” this may put a damper on his plans. The treaty spells problems for Musk as well. It states that nothing in space can become national territory, meaning that any base or settlement on Mars would have to be free to use by anyone else who can travel there. A person can’t just set up a colony, claim independence, and create rules that restrict access to it.

 

Link: The Outline

 

 

 

Musk to Save Us All From a Future Dark Age

By John Peterson
Written Mar. 16, 2018

The infamous Doomsday Clock, created in 1947 to gauge the ever-changing threat level of nuclear Armageddon, is currently as close as it's ever been to midnight.

By the time it ticks two minutes closer and rings in World War III, serial apocalypse speculator and billionaire entrepreneur Elon Musk believes that the human race should have already established colonies away from Earth.

The SpaceX founder gave his ominous warning last Sunday — days after President Donald Trump announced that preparations for meeting North Korean Leader Kim Jong Un were well underway.

Musk said it would be foolish to not prepare for the possibility of another dark age brought about by a third world war.

These remarks, and even his very presence, came as a complete surprise at the Westworld panel at the 2018 South by Southwest (SXSW) conference last weekend.

After being introduced by Jonathan Nolan, a cocreator of the popular HBO series, Musk walked out on stage to people cheering and one person, in particular, screaming, "Elon, we love you!"

But his time on stage wasn't solely for delivering impending doomsday warnings. He also spoke about the excitement of space travel, sending a Tesla Roadster and astronaut dummy into space, and what a time it is to be alive:

There are a lot of terrible things happening all over the world, all of the time. There are lots of problems that need to get solved. Lots of things that are miserable and kind of get you down.

But life cannot just be about solving one miserable thing after another. That can't be the only thing. They need to be things that inspire you, that make you glad to wake up in the morning and be part of humanity. That's why we did this.

During his time on the panel, Musk gave a specific shout-out to Russian scientist Konstantin Tsiolkovsky, whose ideas have inspired the intergalactic pioneer beyond measure.

Tsiolkovsky once stated that Earth is the cradle of humanity, but you don't stay in the cradle forever.

After sharing the Russian scientist's statement with the audience, Musk exclaimed, "I find that incredibly exciting. That makes me glad to be alive. I hope you feel the same way."

As it stands, the SpaceX CEO's mission to Mars is to develop a rapid and cost-efficient rocket to get to and from the Red Planet.

But that doesn't mean he hasn't considered what will happen once a sustainable interplanetary spaceship has been built. According to Musk, the entrepreneurial opportunities will be immense:

Once that [ship] has been built and there is a means of getting cargo and people to and from Mars as well as to and from the moon and other places in the solar system then I think that's really where a tremendous amount of entrepreneurial resources will be needed because you've got to build out the entire base industry.

In order for colonies on both Mars and the moon to sustain human life on such a large and heavily populated scale, there will be a need for everything.

A city on a different planet will need people, businesses, power stations, glass domes in which to grow crops, and other necessities for survival.

According to Musk, there will be an "explosion" of entrepreneurial opportunity. Mars will need everything from iron foundries to pizza joints to nightclubs.

"Mars should definitely have great bars," he quipped before adding, "The Mars bar."

But Musk is adamant that such colonies won't be a mere "escape hatch for rich people." This opportunity would be available to all walks of life should the necessity arise.

And as I stated earlier, that reason could be the possible onset of World War III. As Musk's said:

I think that's why it's important to get a self-sustaining base, ideally on Mars because Mars is far enough away from Earth... a Mars base is more likely to survive than a Moon base. But I think a moon base and a Mars base that could help regenerate life back here on Earth would be really important and to get that done before a possible World War Three.

We want to make sure that there's enough of a seed of human civilization somewhere else to bring civilization back, and perhaps shorten the length of the dark ages.

Musk has frequently warned of all the ways in which humanity may be doomed in the future — and not just from nuclear war but also from carbon in the atmosphere and potential dangers posed by artificial intelligence (AI).

And that's why he preaches the need to colonize away from our home planet.

But at the SXSW conference — a technology, culture, and marketing extravaganza where people are ostensibly excited about the future — Musk's words provided a stark deviation from the overhyped prognostications about how tech will change the world for the better.

In some ways, it also comes across as Musk ratcheting up his own rhetoric on these subjects. He likes to hound the idea of a future dark age after an undetermined civilization-obliterating calamity.

And it's why he believes the best way to ensure that this dark age is "shortened" is by having outposts on other planets so those humans can eventually return to Earth and rebuild from the ashes.

He merely wishes to provide humanity with the tools it would need to do so.

That's all for now.

Until next time,

John Peterson
Pro Trader Today

 

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