Bitcoin and the law of centralization

The evolution of internet access in India, from a single-user bulletin board service to the vast, decentralized web, mirrors a broader trend towards centralization in digital services. Despite the internet’s expansive possibilities, most users gravitate towards a few familiar sites. This centralization tendency is also evident in Bitcoin’s blockchain technology, where mining pools’ dominance challenges the decentralized ideal, highlighting the need for potential regulatory intervention or system redesign.

Data subject first

In early 1800s America, credit was based on personal familiarity. Lewis Tappan revolutionized this by selling credit ratings, leading to the birth of credit reporting agencies. Today, these agencies hold extensive personal data, influencing major life decisions. India, formulating its first privacy legislation, faces a similar choice: regulate data collectors or empower individuals to control their data usage.

Unintended consequences of autonomous transportation

Urban mobility is on the brink of transformation with the convergence of on-demand transport, electric engines, and autonomous vehicles. This shift could lead to the end of car ownership, fossil fuel-powered vehicles, and traditional traffic management. It may also free up urban space, reduce transportation costs, and allow India, with its low automobile ownership, to lead this revolution with forward-looking policies and infrastructure development.

War of the machines

The emerging threat of autonomous drones equipped with facial recognition and AI technologies raises new concerns when it comes to the future of warfare. The moral and ethical concerns of fully autonomous weapons calls for an international agreement to ban such technology, akin to the ban on biological weapons.

Trust works two ways

The increasing reliance on social ratings and feedback loops in services like ride-sharing platforms is leading to a system where personal ratings may determine access to services. This trend, mirrored in China’s proposed national trust score, raises concerns about algorithmic discrimination and its societal impact.

Tabula Rasa

DeepMind has developed the world’s first tabula rasa algorithm, AlphaGo Zero, which learns from scratch without relying on human expertise or existing data. Unlike previous AI models, it learns through self-play, achieving mastery in the game of Go and uncovering novel strategies. This approach could revolutionize areas like genomic research and law, reducing concerns about privacy and human bias in algorithmic decision-making, and possibly leading to true artificial general intelligence.

Recommendation engines

Algorithms in streaming services and e-book libraries curate content based on individual preferences, often with impressive accuracy. However, the downside to this is the eventual homogenization of content. By continually reinforcing original preferences, the algorithms can lead to a lack of diversity in the content presented. We need to seek out new and different content, recognizing that while algorithms are powerful tools, they have limitations. They are only as good as the data they’ve been trained on, and without regular updates to keep them fresh and relevant, they can become restrictive rather than expansive in their recommendations.

What will the new jobs look like?

Despite the challenges of automation and a shrinking services sector, there is untapped potential for jobs in areas like fintech and healthcare. India should create new business models and employment opportunities by leveraging its unique economy, rather than relying on manufacturing as a temporary solution.

The psychology of hate

The psychology of hate and dehumanization shows that a lack of social contact between different groups can lead to radical biases. The internet’s role in social interaction has eroded empathy and increased division, leading to a rise in hate and violence.

False confidence

As reliance on electronic systems grows, it’s crucial to ensure accurate user identification. Authentication protocols should use permanent, non-reusable IDs, expanding digits if necessary. We must build robust systems that are error-resistant to match the increasing trust we place in them.