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If You’re Worried About Robots Taking Your Job, Maybe You’re An Idiot

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It’s true. Let’s face it. If you can’t do things beyond the capacity of a robot, you’re probably an idiot.

Fear of a robot planet litters the artistic record. For instance, in his first novel, Player Piano, Kurt Vonnegut paints a dystopia that is nearly completely mechanized. In this near-feature, there is no need for human laborers.

The story is set in post-World War III, a time when America’s managers and engineers developed automated systems so factories could operate with as few workers possible. The automation of the workplace is one major themes in the novel. It is “a novel about people and machines, and machines frequently got the best of it, as machines will.” One of the last jobs out there, barber, suffers the process of its obsolescence throughout the book.

We see Vonnegut’s fictional reality unfolding today. There’s no better example than that of MIT researchers creating a bar operated completely by robots.  What’s a better symbol of Western Civilization’s prestigious institutions than the bar? There isn’t one. As I wrote for Hacked.com:

The MIT researchers took a factory line approach as one robot opens the beer, with two others taking orders from clientele and delivering the drinks. The bartending robot, a PR2, was helped by two four-wheeled Turtlebot robots, who worked as the wait staff. It wasn’t perfect.

The robots weren’t perfect though.

As for outcomes, a robot may drop items when trying to pick them up or take longer than expected to navigate. And, on top of that, robots often are not able to communicate with one another, either because of communication noise or because they are out of range.

Read More: Robot Bartenders

Imagine that! If all the bartending jobs were gone…Well, what else would be left for America’s overeducated Millennials, who, after their day job at Starbucks or that internship, report for restaurant duty in low-cut tees and tight pants to serve over-priced cocktails? America’s young have gotten the shit educated out of them for such opportunities.

https://instagram.com/p/5BoEsyrx2M/?tagged=robotsaretakingover

Would they truly be fucked if they couldn’t get another job in, say, digital journalism? There’s no way…Could a robot truly spend months in a Turkish prison like a millennial human digital journalist? I doubt it. But, at the very least, they do compose.

AP’s robots, well-versed in the AP Style Guide, publish more than 3,000 stories each quarter. According to Google, if you want to know whether you’re reading robotese, look for This story was generated by Automated Insights at the bottom of an AP article.  It turns out, I’m just as fucked like my server, bartender, Starbucks and intern friends. It doesn’t stop there. In the stockroom, the military,  hotels, the pharmacy, on the farm and at the checkout stand, robots are already doing our jobs pretty damn good. Hell, with all the legal marijuana being smoked before work in the country, robots are probably doing our jobs better. If you’re not one of those, you’re probably fucked anyway. Or are you?

Doug Stanhope reasons on Mexicans, “If you’re worried about an illegal immigrant taking your job, you’re a loser of epic and humiliating proportions.” If you’re so mono-dimensional you have the qualifications of a robot, you might be a vegetable hallucinating this article while hooked up to a ventilator oblivious to your near and encroaching demise. In your case, none of this matters.

In my case, I know, at the very least, I can set up with my guitar on a street curb and get discovered thereby like Jewel or some shit. Wait, what’s that Google? Robots write perfect pop songs? They write them with Bob Dylan? Shit!

https://www.youtube.com/watch?v=pwh1INne97Q

Still. I refuse to believe that, once robots take all of our jobs, we’re doomed. Google, however, implies humans are fearful thereof:

GoogleRobots

So, we’re scared of robots. We shouldn’t be so pusillanimous and fearful. Buck up! Let’s make these robots our bitches. Let’s party! Shit, maybe robot-currencies will even create bitcoins out of nothing.  Or maybe, with robot bartenders and self-driving cars, we here in North America can keep the bars open past 1:30 am.

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.

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5 stars on average, based on 1 rated postsJustin 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.




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Why Investors Should Be Paying Attention to Digitex Futures Token

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Right now, to say cryptocurrencies are in a bit of a valley is an understatement. Since January 2018, there has been a consistent downtrend or plateau for much of the year. We’ve heard many crypto-naysayers declare that this is the death of crypto, or that these assets are only now trading at their fair market value, but there is a more likely situation.

Cryptocurrencies are in a natural part of the market cycle where they have dropped a lot, are consolidating, and will eventually go through another bubble and run-up. Yes, this bubble will crash again, but at a higher valuation. This is how many market cycles have gone for nearly every asset from equities to gold.

Making Bets on Crypto’s Return

So the next question to ask is: what should you do if you want to bet on cryptocurrency having a swift comeback. Now, we are going to use a metaphor here. If you invest in a car company, you need that company to do well, whereas if you invest in gas companies, no matter what car company does well, the demand for your product is going to go up.

By that logic, it would be considered wise to find ways to bet on trading exchanges in the cryptocurrency space. Not all of them have ownership up for grabs, but there are some companies (i.e. Kyber Network) that operate in the trading space and have a token available.

More Ways to Enter This Market

Another company that is doing great work in this area is Digitex Futures. They have found a way to eliminate many of the transaction fees that would normally occur on a trading exchange.

As a futures exchange, the platform operates based on “bets” that are made regarding the future prices of cryptocurrencies. By not taking custody of the actual tokens, it becomes simpler to operate a decentralized ledger for the platform.

This is done by having their token be the “currency” by which traders are making their bets based on the price of BTC in terms of USD. DGTX (Digitex Futures Tokens) are paid out accordingly, and traders will naturally need them in order to make futures bets.

Digitex Futures is able to operate with zero transaction fees because they fund the platform by selling off a small amount of DGTX every year. This creates stable growth within the platform by limiting the supply in a measurable way.

A New Opportunity

Recent performance of Digitex Futures Token (DGTX) has been aggressive, to say the least. In the last week the tokens are up 55.2%, and are now trading at $0.12 per token. The market cap is still extremely small, at $85.24 million, but it is continuing to climb.

If you believe that cryptocurrencies are going to have a strong resurgence, then it might be wise to get ahead of the trend and look at the leading variables. As trading volumes increase, price levels will increase as well. Digitex Futures has a uniquely structured business model that creates inherent demand for their token and right now is a prime buying opportunity.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

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.

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Litecoin Price Analysis: LTC/USD Bullish Daily Close Leaves the Door Open to Another Potential Squeeze Higher

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  • LTC/USD looks attractive for further potential bullish momentum, given 15th October daily candle.
  • Litecoin live on Gemini platform from 0930EDT, today (16th October). 
  • Charlie Lee speaks on Bitcoin and Litecoin mass adoption problem and solution.

Litecoin Gemini Listing Live Today (16th October)

Following on from Gemini announcing their support for Litecoin trading and custody, last week, as covered by Hacked.com’s Sam Bourgi, in a post reaction review, trading is live today (16th October) on their platform from 0930EDT. Litecoin is being marked as the fourth digital asset being made available on Gemini. Most noteworthy, Gemini is seen as ‘the world’s most regulated cryptocurrency exchange and custodian. Held to the highest standards of banking compliance and fiduciary obligations. Overseen by the New York State Department of Financial Services (NYSDFS).’

Happy Belated, Litecoin

Litecoin has now been in cryptocurrency existence for over 7 years. Charlie Lee, the creator, initially released it via an open source client on GitHub. The first actual release was a fork of the Bitcoin blockchain. Finally, the cryptocurrency went live on 13th October 2011. Just two years after its inception, it breached the billion-dollar market cap. As of time of writing, this is currently seen at $3.2 billion, making it the 7th largest.

Charlie Lee on Mass Adoption Barriers

CNBC Crypto Trader recently interviewed Charlie Lee. The Litecoin creator was questioned on why this mass adoption is struggling to happen and what the barriers are. Lee noted that scalability is the issue. Therefore, suggesting that for Bitcoin and Litecoin to scale to the world, a solution would be Lightening Network. He said, “this would allow to scale, without sacrificing decentralization.” This is being worked on right now. To that point, Lee believes that real world adoption will start to be seen in the coming yet.

Technical Review – Daily Chart View

LTC/USD daily chart

LTC/USD during yesterday’s session, saw a large bull run higher, spiking above well into the $62 territory. After somewhat of a knee jerk move, the price eased lower, but still held on to decent gains at the session end. Therefore, the daily candlestick left a bullish upper wick. This leaves room for the bulls to pick up where they left off. As a result, there does appear to be potential room for this wick on the 15th October candle, to be filled.

Eyes would be on for a potential breakout of the triangle pattern, that has contained the price since the start of September. Market bulls would need to see a daily close above $60, for it to be inviting of a continued move north. Finally, near-term support is eyed at the lower part of the triangle, tracking at $51.50. It is vital that this area holds, otherwise it would spell potential catastrophe.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

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.

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4.5 stars on average, based on 29 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Stellar Price Analysis: XLM/USD Taking Big Steps Towards Another Breakout Attempt, Prime Trust Adds Support for Stellar

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  • Stellar’s native token Lumens is currently working its way towards another big retest of key near-term resistance.
  • Price Trust, blockchain-based trust company, have announced their full support of Stellar.

Stellar’s native token, Lumens, is making good headway for another big attempt at a breakout to the upside. The price has been trading firmly within a range-bound nature, for the past couple of months. There has been a lot going on around the Stellar foundation, in terms of developments. This current suppressed price action may not somewhat reflect the recent fundamental updates. The price is seemingly being kept at bay, in line with the rest of the crypto market.

Prime Trust adding Stellar-enabled Tokens

Prime Trust, a blockchain-based trust company, announced that they have added support for Stellar. The organization acts as custodian; they hold cash and a variety of non-cash assets such as Bitcoin, cryptocurrencies, tokens and other traditional assets, stocks and bonds.

Upon the support of Stellar, they stated that, “this is an important milestone in an industry that has been in need of SEC qualified custodians to step up. To hold digital assets in custody for hedge funds, institutional investors, exchanges, broker-dealers, stablecoins, and retail customers.”

The Chief Product Officer at Prime Trust commented on the popularity of Stellar, noting “Stellar is emerging as one of the most popular blockchains for tokenizing financial assets, as well as securities due to its speed and out of the box support for issuing and trading tokens.”

Other Stellar Developments

It appears custodians are taking a real liking to Stellar. Just over a week ago, the blockchain security firm BitGo announced their support of Stellar Lumens. A move that enabled custodial solutions for Stellar.

Technical Review – Daily Chart

XLM/USD has remained heavily dictated by a triangle formation. This started to take shape from the back end of July to early August. The price went through a roller-coaster of movement. XLM/USD had a chunky bull run late July, to only run into resistance and see the gains completely reversed. In terms of the trading range, it has been mundane to say the least. A lack of firm committed action in either direction. Each occasion the price observes a short-term rally, the bears have been pilling in to sell those. XLM/USD also having faced difficulty breaking free from the above-mentioned pattern.

XLM/USD daily chart

On Monday 15th October, the bulls were able to enjoy a strong rally for XLM/USD. The daily candlestick produced a bullish upside wick. After the price made a fast advance up, to the run into sellers camping ahead of the key descending trend line. The bullish daily candle looking susceptible to being filled during the session today (Tuesday 16th October). Resistance is tracking around $0.25800, upper part of the triangle formation. A breakout north, should take XLM/USD flying towards a retest of $0.30000. Last traded here on 23rd September. Support to the downside seen at the round $0.20000 number. Further south, a strong demand area is noted around $0.18500.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

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.

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4.5 stars on average, based on 29 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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