Possible Economics Models (Jamais Cascio) — economic futures filtered through Doctorovian prose. Griefer Economics: Information is power, especially when it comes to finance, and the increasing use of ultra-fast computers to manipulate markets (and drive out “weaker” competitors) is moving us into a world where market position isn’t determined by having the best offering, but by having the best tool. Rules are gamed, opponents are beaten before they even know they’re playing, and it all feels very much like living on a PvP online game server where the referees have all gone home. Relevant to Next:Economy.
War in Space May Be Closer Than Ever (SciAm) — Today, the situation is much more complicated. Low- and high-Earth orbits have become hotbeds of scientific and commercial activity, filled with hundreds upon hundreds of satellites from about 60 different nations. Despite their largely peaceful purposes, each and every satellite is at risk, in part because not all members of the growing club of military space powers are willing to play by the same rules — and they don’t have to, because the rules remain as yet unwritten. There’s going to be a bitchin’ S-1 risks section when Planet Labs files for IPO.
Not Even Close: The State of Computer Security (Vimeo) — In this bleak, relentlessly morbid talk, James Mickens will describe why making computers secure is an intrinsically impossible task. He will explain why no programming language makes it easy to write secure code. He will then discuss why cloud computing is a black hole for privacy, and only useful for people who want to fill your machine with ads, viruses, or viruses that masquerade as ads. At this point in the talk, an audience member may suggest that bitcoins can make things better. Mickens will laugh at this audience member and then explain why trusting the bitcoin infrastructure is like asking Dracula to become a vegan. Mickens will conclude by describing why true love is a joke and why we are all destined to die alone and tormented. The first ten attendees will get balloon animals, and/or an unconvincing explanation about why Mickens intended to (but did not) bring balloon animals. Mickens will then flee on horseback while shouting “The Prince of Lies escapes again!”
Algorithms and Bias (NYTimes) — interview w/Cynthia Dwork from Microsoft Research. Fairness means that similar people are treated similarly. A true understanding of who should be considered similar for a particular classification task requires knowledge of sensitive attributes, and removing those attributes from consideration can introduce unfairness and harm utility.