Connect with us

Politics

DARPA is Placing “Big Bets” on Space-Based Weapons Systems

Published

on

DARPA

DARPA sees a real possibility for spaced based conflict. So, it’s hoping to create breakthrough technology to dissuade U.S. adversaries who might consider attacking from space. 

// -- Discuss and ask questions in our community on Workplace.

Defense Advanced Research Projects Agency assists national security with efforts in space. It focuses on making space a “real-time operational domain,” as DARPA Director Dr. Arati Prabhakar recently said.

“The questions we ask ourselves at DARPA about the space domain … is what would it take to make the space domain robust for everything that we need militarily and for intelligence, and what would it take to make space a real-time operational domain, which it’s not at all today,” the director said last week at the 4th annual Defense One Summit. Many nation-states now orbit the Earth. Conflict is a real possibility, believes Prabhakar.

She said a portfolio of DARPA space programs is needed. Technology allows the Agency to deploy news systems in potentially months.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

“… in a time of war we imagine if we could go to space not in a month or next week but tomorrow, think about how that would completely change the calculus for an adversary that’s thinking about [using an antisatellite] weapon to take out one of our satellites,” she hypothesized. DARPA is in the progress of developing its Experimental Spaceplane XS-1.

“It’s a reusable first stage that’s designed to be able to put 3,000 or 5,000 pounds into low earth orbit … at a very low-cost point — a few million dollars — but very significantly the objective on the DARPA program is by the end of the program to fly that spacecraft 10 times in 10 days,” Prabhakar said, “something that’s inconceivable with any of the spacecraft we have today.” The agency is also working on GEO robotics.

“We’re doing some amazing work with geo[synchronous]-robotics and rethinking [geostationary Earth orbit]-architectures once you have an asset that would allow you to extend the life or do inspection or simple repairs at GEO, which is something you can’t do today,” Pamela Melroy, deputy director of DARPA’s Tactical Technology Office and a former astronaut, said last year during a DARPA forum.

DARPA’s Phoenix program seeks to develop technologies to make it possible to inspect and robotically service cooperative space systems in GEO. At the Defense One Summit, Prabhakar discussed what she called “big bets” that DARPA places in breakthrough technologies.

“I think space, a completely new architecture for space that makes it robust, resilient and real-time, that would be a revolution,” she said, “and I think it’s something that could happen with some of the bets that we’re placing.”

Image from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

Justin O'Connell is the founder of financial technology focused CryptographicAsset.com. Justin organized the launch of the largest Bitcoin ATM hardware and software provider in the world at the historical Hotel del Coronado in southern California. His works appear in the U.S.'s third largest weekly, the San Diego Reader, VICE and elsewhere.




Feedback or Requests?

Politics

Why Government Regulation Will Fail

Published

on

The crypto markets have been buzzing lately with as much price volatility as ever.  The attention, as usual, often appears to be on how many dollars have been lost or what ginormous percentage loss has taken place.  There is all this talk about broken support levels and the urgent need of a price reversal.  

// -- Discuss and ask questions in our community on Workplace.

Not to dismiss the importance of keeping everyone informed on the latest action, what about the underlying cause of investors running for the sidelines.  On the technical side one thing is certain.  The still pathetically slow transaction speeds of both bitcoin and ether magnify price spikes and corrections.  

That is what happens in illiquid markets.  Over time this will change but in the short run it is something that is part of daily life.  This alone is what makes it so difficult to apply classical Dow Theory based technical analysis to crypto.

Let’s Dig Into The Causes

When we look at cryptocurrencies in general, starting with bitcoin, one of the big questions is the future role of government will play.  It is not so much a big question as hundreds of little questions.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The most relevant question in the past few months is the role of government in controlling cryptocurrency exchanges.  Back in September it was the Chinese closing local exchanges. Now it is the South Korean proposal to enact legislation that could have a similar effect.

From December peak levels, bitcoin has fallen more the 40%. At its low ether was down as much as 38%.  Neither price movement can be attributed to technicalities like profit taking.  It was the perception the governments in two of the big crypto trading countries hold some sort of absolute power.  In reality, this is a false perception and here are some of examples of their powerlessness.  

BTCC Shows Crypto Power

BTCC is China and the world’s first Bitcoin exchange going back to its founding in 2011. At one point last year China was the biggest source of demand for Bitcoin by some measures accounting for 40% of the global action.  Then China slammed down the hammer by closing local exchanges threatening BTCC very existence.

Survival – Revival

The story of BTCC is like a slap in the face to the Chinese government and a good example of their lack of power.  Just the other day, BTCC announced they had been acquired by a Singapore investment fund.  Very few terms were announced so there is more to be revealed but some things are obvious.

I am guessing that if a sophisticated Singapore investor is putting real money into BTCC they see a bright future. BTCC has since relocated to Hong Kong and re-registered in the UK.

BTCC already has the tools to become a global exchange.  For example its Mobi Bitcoin wallet supports over 15 languages and more than 100 cryptocurrencies.  Now with enhanced financial support, they are able outflank the powerful Chinese government.

The Korean Contradiction

Investors reading the news this month from South Korea learned about a legislative proposal to restrict exchanges domiciled in the country.  Judging from the negative price action, it would have been easy to suspect the government was banning ownership of cryptocurrencies.  That was never the case.  

In reality, South Korean exchanges were setting prices that any reasonable observer would consider egregious.  Regulating South Korean exchanges could help level the playing field for small investors and open up the crypto market to new investors. But, judging from the price action this month, you would have to expect government restrictions on ownership. That is not going to happen and here is why.

Korean Pension Funds Invested in Crypto Exchanges

Local news in Seoul are talking about the giant South Korean National Pension Fund holding investments in as many as four local cryptocurrency exchanges.  At just a few million dollars, it amounts to less than 1% of total SKNPF assets.  

Nevertheless, this amounts to a political embarrassment to any effort that would potentially diminish the value of the four exchanges in the SKNPF portfolio.  The South Korean Pension Fund is no slouch ranking as one of the largest in the world.  So their decisions could also serve as an example elsewhere in the world.

Lots of Sound And Fury, Signifying Nothing

Emerging markets like cryptocurrencies are inherently volatile and subject to a heavy dose of emotion.  The past two months have been good examples of how investors can read the headlines and react.  It is important to keep the true cost of trading on trading on headlines can be.  Under the new tax law long term investment is rewarded.  Short term profits can no longer be deferred by a swap into similar assets.  Five years from now will anyone remember the fears from Chinese or South Korea?

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
3 votes, average: 4.33 out of 53 votes, average: 4.33 out of 53 votes, average: 4.33 out of 53 votes, average: 4.33 out of 53 votes, average: 4.33 out of 5 (3 votes, average: 4.33 out of 5)
You need to be a registered member to rate this.
Loading...

4.3 stars on average, based on 21 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto.




Feedback or Requests?

Continue Reading

Politics

House Pushes Forward With Trump Tax Plan Amid Dissent

Published

on

The U.S. House of Representatives is pushing hard to move President Trump’s tax proposal through the legislative process, even as growing dissent rattles confidence in the landmark bill.

// -- Discuss and ask questions in our community on Workplace.

Congressional Analysis

An analysis by the Joint Committee on Taxation concluded Tuesday that tax cuts for lower- and middle-income Americans would fade over the next decade at a faster rate than those for high earners. The analysis found that four out of every five tax filers earning between $50,000 and $75,000 would receive tax relief from the bill in 2019. However, by 2027, that figure would drop to 60%.

Meanwhile, those earning more than $1 million would also see their tax savings fade, albeit at a slower rate than the smaller income brackets. In 2019, about three-quarters of those earning $1 million-plus will get tax relief, a figure that drops to two-thirds in 2027.

The conclusion could spark another round of debate as the Trump administration seeks to push forward on tax reform this year. The tax plan has faced attack from both sides of the political divide, with high-tax state Republicans criticizing individual deductions for state and local taxes.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The reform bill, which promises to reduce the number of tax brackets, cut the corporate tax rate and implement a one-time repatriation fee, has been described as the most ambitious since the Reagan administration. Through Reagan’s tax reform, the U.S. economy managed to grow by an average of 3.4% annually until the beginning of the Obama administration. And that includes three recessions between the two presidents.

To his credit, President Jimmy Carer before him implemented the biggest regulatory overhaul in postwar history.

Mid-Terms Loom

Republicans have good reason to raise questions about Trump’s tax reform, especially those in high-tax states such as California. Already faced with a difficult re-election next year, California’s GOP Representative Darrell Issa said he wouldn’t endorse changes that “may make it the tremendous burden felt by California taxpayers even worse.”

Republican Ed Gillespie of Virginia was defeated in state elections on Tuesday, a clear sign that the GOP-controlled Congress is under attack. South Carolina is seen as an important barometer of the Democrats’ chances of winning in crucial swing states ahead of next year’s midterms.

Democrat Ralph Northam will be the next governor of Virgina, various news outlets reported late Tuesday.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 152 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




Feedback or Requests?

Continue Reading

Politics

Libertarian Speaks: Ron Paul Says U.S. Government Should Not Intervene in Cryptocurrency

Published

on

The U.S. government has no place intervening in cryptocurrency, according to former U.S. presidential candidate Ron Paul.

// -- Discuss and ask questions in our community on Workplace.

In an interview with Kitco on Oct. 27, Paul said the government should “stay out” of bitcoin if people want to use it. The former Congressman acknowledged that he didn’t know much about cryptocurrency, but that he was “amazed” by the market’s growth.

“I take some very strong political positions on competing currencies,” Paul said, when asked if he was a believer of cryptocurrency. “And if you can come up with a competing currency, and there is no fraud, I think it should be.”

Although a lot has been said about bitcoin’s black market roots, Paul says government involvement shouldn’t be a given. That message has been lost on several nations, which have grown uneasy about the growth and widespread adoption of cryptocurrency. Major economies like  China, South Korea and Russia have already stepped in to halt the expansion of crypto-assets.  However, most policymakers appear to be open to regulating cryptocurrency insofar as its criminal elements can be controlled.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Libertarians like Ron Paul are very weary of government involvement in all aspects of life. It should therefore come as no surprise that bitcoin and its altcoin competitors have received strong buy-in from the libertarian, free market community. While the United States has a strong libertarian presence across key segments of its society, this has largely failed to translate into meaningful political reform.

Bitcoin’s market capitalization climbed back above $100 billion over the weekend, with the sum of all coins valued at around $179 billion. Cryptocurrency is by far the fastest growing asset class of 2017, dwarfing stocks, crude oil and other traditional financial assets.

“I am amazed,” Paul said, ” at all the capitalization on these cryptocurrencies. It’s a huge amount of money.”

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 152 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending