#finance
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The rise of AI poses a significant challenge to funding federal governments, as it threatens to displace a substantial number of knowledge workers who contribute to tax revenue. With the U.S. relying heavily on individual income and payroll taxes, the potential decline in employment raises concerns about sustaining government income and benefits like Social Security.…
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Satoshi Nakamoto drew from the history of cryptocurrencies since David Chaum’s seminal blinding formula in the 1980s. He postulated that the flaw with existing approaches to cryptocurrencies was that a single powerful attacker could undermine and destroy the system. In order to to defeat the powerful attacker, Satoshi decentralised the control of the cryptocurrency over an…
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Image by LunaDiRimmel via Flickr Over the last few months, we’ve seen a roller coaster ride of unequaled magnitude in the financial markets. Having been in the institutional banking world myself, I’ve had many friends and colleagues ask me if I can make sense of what is going on out there. Many are just worn…
nitin badjatia 