Category Archives: investments

2016 – The Bright Side

Having just blogged about some of the bad scenarios for next year (scenarios are just  explorations of things that might or could happen, not things that actually will, those are called predictions), Len Rosen’s comment stimulated me to balance it with a nicer look at next year. Some great things will happen, even ignoring the various product release announcements for new gadgets. Happiness lies deeper than the display size on a tablet. Here are some positive scenarios. They might not happen, but they might.

1 Middle East sorts itself out.

The new alliance formed by Saudi Arabia turns out to be a turning point. Rising Islamophobia caused by Islamist around the world has sharpened the view of ISIS and the trouble in Syria with its global consequences for Islam and even potentially for world peace. The understanding that it could get even worse, but that Western powers can’t fix trouble in Muslim lands due to fears of backlash, the whole of the Middle East starts to understand that they need to sort out their tribal and religious differences to achieve regional peace and for the benefit of Muslims everywhere. Proper discussions are arranged, and with the knowledge that a positive outcome must be achieved, success means a strong alliance of almost all regional powers, with ISIS and other extremist groups ostracized, then a common army organised to tackle and defeat them.

2 Quantum computation and AI starts to prove useful in new drug design

Google’s wealth and effort with its quantum computers and AI, coupled to IBM’s Watson, Facebook, Apple and Samsung’s AI efforts, and Elon Musk’s new investment in open-AI drive a positive feedback loop in computing. With massive returns on the horizon by making people’s lives easier, and with ever-present fears of Terminator in the background, the primary focus is to demonstrate what it could mean for mankind. Consequently, huge effort and investment is focused on creating new drugs to cure cancer, aids and find generic replacements for antibiotics. Any one of these would be a major success for humanity.

3 Major breakthrough in graphene production

Graphene is still the new wonder-material. We can’t make it in large quantities cheaply yet, but already the range of potential uses already proven for it is vast. If a breakthrough brings production cost down by an order of magnitude or two then many of those uses will be achievable. We will be able to deliver clean and safe water to everyone, we’ll have super-strong materials, ultra-fast electronics, active skin, better drug delivery systems, floating pods, super-capacitors that charge instantly as electric cars drive over a charging unit on the road surface, making batteries unnecessary. Even linear induction motor mats to replace self-driving cars with ultra-cheap driver-less pods. If the breakthrough is big enough, it could even start efforts towards a space elevator.

4 Drones

Tiny and cheap drones could help security forces to reduce crime dramatically. Ignoring for now possible abuse of surveillance, being able to track terrorists and criminals in 3D far better than today will make the risk of being caught far greater. Tiny pico-drones dropped over Syria and Iraq could pinpoint locations of fighters so that they can be targeted while protecting innocents. Environmental monitoring would also benefit if billions of drones can monitor ecosystems in great detail everywhere at the same time.

5 Active contact lens

Google has already prototyped a very primitive version of the active contact lens, but they have been barking up the wrong tree. If they dump the 1-LED-per-Pixel approach, which isn’t scalable, and opt for the far better approach of using three lasers and a micro-mirror, then they could build a working active contact lens with unlimited resolution. One in each eye, with an LCD layer overlaid, and you have a full 3D variably-transparent interface for augmented reality or virtual reality. Other displays such as smart watches become unnecessary since of course they can all be achieved virtually in an ultra-high res image. All the expense and environmental impact of other displays suddenly is replaced by a cheap high res display that has an environmental footprint approaching zero. Augmented reality takes off and the economy springs back to life.

6 Star Wars stimulates renewed innovation

Engineers can’t watch a film without making at least 3 new inventions. A lot of things on Star Wars are entirely feasible – I have invented and documented mechanisms to make both a light saber and the land speeder. Millions of engineers have invented some way of doing holographic characters. In a world that seems full of trouble, we are fortunate that some of the super-rich that we criticise for not paying as much taxes as we’d like are also extremely good engineers and have the cash to back up their visions with real progress. Natural competitiveness to make the biggest contribution to humanity will do the rest.

7 Europe fixes itself

The UK is picking the lock on the exit door, others are queuing behind. The ruling bureaucrats finally start to realize that they won’t get their dream of a United States of Europe in quite the way they hoped, that their existing dream is in danger of collapse due to a mismanaged migrant crisis, and consequently the UK renegotiation stimulates a major new treaty discussion, where all the countries agree what their people really want out of the European project, rather than just a select few. The result is a reset. A new more democratic European dream emerges that the vest majority of people actually wants. Agreement on progress to sort out the migrant crisis is a good test and after that, a stronger, better, more vibrant Europe starts to emerge from the ashes with a renewed vigor and rapidly recovering economy.

8 Africa rearranges boundaries to get tribal peace

Breakthrough in the Middle East ripples through North Africa resulting in the beginnings of stability in some countries. Realization that tribal conflicts won’t easily go away, and that peace brings prosperity, boundaries are renegotiated so that different people can live in and govern their own territories. Treaties agree fair access to resources independent of location.

9 The Sahara become Europe’s energy supply

With stable politics finally on the horizon, energy companies re-address the idea of using the Sahara as a solar farm. Local people earn money by looking after panels, keeping them clean and in working order, and receive welcome remuneration, bringing prosperity that was previously beyond them. Much of this money in turn is used to purify water, irrigating deserts and greening them, making a better food supply while improving the regional climate and fixing large quantities of CO2. Poverty starts to reduce as the environment improves. Much of this is replicated in Central and South America.

10 World Peace emerges

By fighting alongside in the Middle East and managing to avoid World War 3, a very positive relationship between Russia and the West emerges. China meanwhile, makes some of the energy breakthroughs needed to get solar efficiency and cost down below oil cost. This forces the Middle East to also look Westward for new markets and to add greater drive to their regional peace efforts to avoid otherwise inevitable collapse. Suddenly a world that was full of wars becomes one where all countries seem to be getting along just fine, all realizing that we only have this one world and one life and we’d better not ruin it.

2016: The Dark Side

Bloomberg reports the ‘Pessimists guide to the world in 2016’, by By Flavia Krause-Jackson, Mira Rojanasakul, and John Fraher.

http://www.bloomberg.com/graphics/pessimists-guide-to-2016/

Excellent stuff. A healthy dose of realism to counter the spin and gloss and outright refusals to notice things that don’t fit the agenda that we so often expect from today’s media. Their entries deserve some comment, and I’ll add a few more. I’m good at pessimism.

Their first entry is oil reaching $100 a barrel as ISIS blows up oil fields. Certainly possible, though they also report the existing oil glut: http://www.bloomberg.com/news/articles/2015-12-17/shale-drillers-are-now-free-to-export-u-s-oil-into-global-glut

Just because the second option is the more likely does not invalidate the first as a possible scenario, so that entry is fine.

An EU referendum in June is their 2nd entry. Well, that will only happen if Cameron gets his way and the EU agrees sufficient change to make the referendum result more likely to end in a Yes. If there is any hint of a No, it will be postponed as far as possible to give politics time to turn the right way. Let’s face facts. When the Ukraine had their referendum, they completed the entire process within two weeks. If the Conservatives genuinely wanted a referendum on Europe, it would have happened years ago. The Conservatives make frequent promises to do the Conservative thing very loudly, and then quietly do the Labour thing and hope nobody notices. Osborne promised to cut the deficit but faced with the slightest objections from the media performed a text-book U-turn. That follow numerous U-turns on bin collections, speed cameras, wheel clamping, environment, surveillance, immigration, pensions, fixing the NHS…. I therefore think he will spin the EU talks as far as possible to pretend that tiny promises to think about the possibility of reviewing policies are the same as winning guarantees of major changes. Nevertheless, an ongoing immigration flood and assorted Islamist problems are increasing the No vote rapidly, so I think it far more likely that the referendum will be postponed.

The 3rd is banks being hit by a massive cyber attack. Very possible, even quite likely.

4th, EU crumbles under immigration fears. Very likely indeed. Schengen will be suspended soon and increasing Islamist violence will create increasing hostility to the migrant flow. Forcing countries to accept a proportion of the pain caused by Merkel’s naivety will increase strains between countries to breaking point. The British referendum on staying or leaving adds an escape route that will be very tempting for politicians who want to stay in power.

Their 5th is China’s economy failing and military rising. Again, quite feasible. Their economy has suffered a slowdown, and their military looks enthusiastically at Western decline under left-wing US and Europe leadership, strained by Middle Eastern and Russian tensions. There has never been a better time for their military to exploit weaknesses.

6 is Israel attacking Iranian nuclear facilities. Well, with the US and Europe rapidly turning antisemitic and already very anti-Israel, they have pretty much been left on their own, surrounded by countries that want them eliminated. If anything, I’m surprised they have been so patient.

7 Putin sidelines America. Is that not history?

8 Climate change heats up. My first significant disagreement. With El-Nino, it will be a warm year, but evidence is increasing that the overall trend for the next few decades will be cooling, due to various natural cycles. Man made warming has been greatly exaggerated and people are losing interest in predictions of catastrophe when they can see plainly that most of the alleged change is just alterations to data. Yes, next year will be warm, but thanks to far too many cries of wolf, apart from meta-religious warmists, few people still believe things will get anywhere near as bad as doom-mongers suggest. They will notice that the Paris agreement, if followed, would trash western economies and greatly increase their bills, even though it can’t make any significant change on global CO2 emissions. So, although there will be catastrophe prediction headlines next year making much of higher temperatures due to El Nino, the overall trend will be that people won’t be very interested any more.

9 Latin America’s lost decade. I have to confess I did expect great things from South America, and they haven’t materialized. It is clear evidence that a young vibrant population does not necessarily mean one full of ideas, enthusiasm and entrepreneurial endeavor. Time will tell, but I think they are right on this one.

Their 10th scenario is Trump winning the US presidency. I can’t put odds on it, but it certainly is possible, especially with Islamist violence increasing. He offers the simple choice of political correctness v security, and framed that way, he is certainly not guaranteed to win but he is in with a decent chance. A perfectly valid scenario.

Overall, I’m pretty impressed with this list. As good as any I could have made. But I ought to add a couple.

My first and most likely offering is that a swarm of drones is used in a terrorist attack on a stadium or even a city center. Drones are a terrorist’s dream, and the lack of licensing has meant that people can acquire lots of them and they could be used simultaneously, launched from many locations and gathering together in the same place to launch the attack. The attack could be chemical, biological, explosive or even blinding lasers, but actually, the main weapon would be the panic that would result if even one or two of them do anything. Many could be hurt in the rush to escape.

My second is a successful massive cyber-attack on ordinary people and businesses. There are several forms of attack that could work and cause enormous problems. Encryption based attacks such as ransomware are already here, but if this is developed by the IT experts in ISIS and rogue regimes, the ransom might not be the goal. Simply destroying data or locking it up is quite enough to be a major terrorist goal. It could cause widespread economic harm if enough machines are infected before defenses catch up, and AI-based adaptation might make that take quite a while. The fact is that so far we have been very lucky.

The third is a major solar storm, which could knock out IT infrastructure, again with enormous economic damage. The Sun is entering a period of sunspot drought quite unprecedented since we started using IT. We don’t really know what will happen.

My fourth is a major virus causing millions of deaths. Megacities are such a problem waiting to happen. The virus could evolve naturally, or it could be engineered. It could spread far and wide before quarantines come into effect. This could happen any time, so next year is a valid possibility.

My fifth and final scenario is unlikely but possible, and that is the start of a Western civil war. I have blogged about it in https://timeguide.wordpress.com/2013/12/19/machiavelli-and-the-coming-great-western-war/ and suggested it is likely in the middle or second half of the century, but it could possibly start next year given the various stimulants we see rising today. It would affect Europe first and could spread to the USA.

Driverless pod transport system

I badly documented my latest idea of an ultra-cheap transport system in https://timeguide.wordpress.com/2015/10/24/an-ultra-cheap-future-transport-system/. I think I need another blog to separate out the idea from the background. Look at my previous blog for the appropriate pictures.

We’re seeing a lot of enthusiasm now for electric cars and in parallel, for self-driving cars. I support both of those, and I like the new Next system that is extremely close to my own ideas from 1987 when I first looked at cars from a performance engineer’s viewpoint and realized that self driving cars could drive millimeters apart, reducing drag and greatly reducing congestion. I estimated back then that they could improve road capacity by a factor of 5. Many others have since simulated such systems and the same factor of 5 has popped up a few times now.

Self-driving pods and electrically assisted bike lane

Self-driving pods and electrically assisted bike lane

Slide4

Next have visualized the same idea nicely, but the world is more receptive now. http://www.techinsider.io/italys-next-created-self-driving-pods-that-can-connect-in-motion-to-form-a-train-2015-10

https://youtu.be/Wk12TmZ3GiQ for their nice video, although I’d envisage rather more pods in most areas, almost filling the entire road area.

I’ve lectured in vain many times to persuade authorities to divert investment away from 20th century rail system to roads using self driving cars. The UK’s HS2 system is no more than lipstick on a 20th century pig. Pig it remains, obsolete ages ago, though our idiotic government remains determined to build it anyway, wasting £70Bn even by charitable estimates. Systems similar to Next’s could replace HS2 and reduce journey times for everyone, not just those whose starting point and destination are very close to the terminals. I wish them well. But I think there is an even better solution, that is feasible in a similar time-frame, and I have no doubt they could pick it up and run with it. Or Tesla or Google or Apple or Toyota or any other car company.

My realization is that we don’t need self driving cars either. Take exactly the Next system, with its nicely trapezoidal pods that nest together. They will need a smooth road surface if they are to ride in contact or millimeters apart, or they will constantly bump into each other and create irritating vibration. Make them ride a centimeter or two apart and it will solve that.

Then start looking at each part of the system.

They each have a computer on board to drive the pod. You don’t need that, because everyone has a smart phone now which already has formidable computing power and is connected to the cloud, which has vast amounts more. Together, the entire system can be easily managed without any computers on board at all.

Similarly, much of the internal decor in cars is there to make it look pretty, offer interfaces, information or displays for passenger entertainment. All of that could easily be done by any half-decent augmented reality visor.

Then look at the power supply and engines. We should at the very least expect electric motors to replace fossil fuel engines. Most self-driving cars have expensive batteries, using scarce resources, and lithium batteries may catch fire or explode. So some systems in R&D now use the idea of super-capacitors instead. Furthermore, these could be recharged periodically as they drive over special mats on the road surface, so they could be smaller, lighter and cheaper. Even that is now being trialed. So these systems would already be better in almost every way to today’s transport.

However, we don’t even need the electric motors and super-capacitors. Instead we could update the ancient but well-proven idea of the linear induction motor and make factory-produced mats containing circuits that can be instructed to make steerable magnetic wells that pull the cars along, as well as navigate them correctly at every junction. Again, the management can all be done by the cloud plus smartphones, and the circuits can reconfigure on command as each pod passes over them. So they won’t need batteries, or super-capacitor banks, or engines or motors. They would just be pulled along by magnetic fields, with no moving parts (apart from the pods as a whole of course) to go wrong, and almost nothing needing expensive maintenance. Apart from wheels, suspension and brakes.

So the driverless pod would not need a built-in computer, it would not need an engine or motor, and not need a battery or super-capacitor. Already it would be vastly cheaper.

The last remaining moving parts can also be dispensed with. If the pod rides above a mat that can generate the magnetic fields to drag it along, why not let other magnetic fields suspend it above the ground? That would mean it doesn’t need suspension, or wheels. Conventional brakes could be dispensed with using a combination of magnetic fields for normal braking,  combined with a fallback of gravity and brake strips for emergency braking. Reducing the levitation field would create friction with the road surface and stop the vehicle very quickly, far more quickly than a conventional car can stop, only really limited by comfort limitations.

So my proposal is a system that would look and behave very similar to what Next have designed, but would not need engines, batteries, on-board computers or even wheels. My pods would be no more than simple boxes with comfy seats (or empty for freight transport) and a couple of strips on the bottom and might cost no more than $200 each. The road would have a factory-made mat laid on top for the magnetic well trains and levitation. Adapting a road to the system would be an overnight laying out of the mat and plugging it in to the electricity supply. In cold seasons, that electricity supply could also power on-board heating (but that would incur extra expense of course)

Slide3

transport system

It won’t be long before such a system could be built. I can’t see any fundamental barriers to a prototype appearing next year if some entrepreneur were to try. It could make self driving car systems, even Next’s current proposals, redundant before they are implemented. If we were to change the direction of current plans to utilize the latest technology, rather than using ideas from 30 years ago, we could have a cheaper, better, more environmentally friendly system even faster. We could probably build such as system in every major city for what we are going to waste on HS2. Surely that is worth a try.

 

An ultra-cheap future transport system.

transport system

Some of my followers might remember this idea I invented way back in 2005, and have blogged a few times since, such as in https://timeguide.wordpress.com/2012/11/23/future-of-bicycles/

Slide4

The idea is simple enough: use a linear induction motor built into a rubber mat laid out on a bike lane to drag a metal plate attached to the bike front forks. The bike moves faster with less effort (though you can still put in as much effort as you want), and you get to the office less sweaty. Since your bike goes fast, the cars won’t need to endanger you by overtaking in unsuitable locations. The mat is laid out overnight and plugged into a nearby lamp post for electric supply. This was much more nicely illustrated by a proper illustrator in a report I just did with Hewden, the equipment hire firm:

https://timeguide.wordpress.com/2015/10/21/2045-constructing-the-future/

CarsHiRes_02

I’ve since thought about using the same idea for the larger transport pods, which we imagined as self-driving vehicles in the report and picture.  There is no reason at all why a scaled-up version couldn’t be added to them too (just imagine them with a plate underneath to drag them along), then you don’t need the engine and once you go down that path of thinking, lots of other things start falling out. Read on.

Important note: no endorsement of any of this content by Hewden or any other company is implied. If you don’t like any of what follows, blame me and Futurizon Limited.

I think we may be about to see the biggest disruption of any industry. The transport industry is ripe for three waves of disruption. It knows all about the first two but seems to have totally missed the third, and yet it could be just a few years away. Every part of the industry will be strongly affected and some of it will be wiped out – whether it’s vehicle manufacture, servicing, fuel, spare parts, tires, brakes, or driving, it will change beyond recognition.

In the first wave, the internal combustion engine is starting slowly to give way to hybrids and all-electric vehicles, with talk of fuel cells, hydrogen, super-capacitors and so on. This wave is very well known and already well absorbed into every industry strategy. This week I helped promote the ‘go ultra low’ campaign. I am all in favor of using electricity instead of burning fuels wherever economically feasible, especially in city areas, even if the electricity comes from fossil fuel power stations. People should breathe clean air, not air full of exhaust gases and particulates.

The second and related wave is the push towards self-driving vehicles. Again, everyone that needs to probably already knows all they need to about it. They certainly have no excuse if it affects them and it still manages to catch them by surprise. Cars driven by AI coupled to sensors monitoring everything around the car can react in microseconds and talk to each other, so they can drive very close front and back and side by side so roads can hold 5-15 times more cars, all driving at a good speed. They can interleave automatically at junctions without even needing to slow down significantly instead of being stuck behind someone who is waiting for an invitation in triplicate to arrive signed by the Queen before they proceed. Self driving cars would not eliminate congestion, but they would very greatly reduce it, almost eliminate accidents, save pollution and resources and be far more socially inclusive than buses or trains. They have great potential to improve our lives in many ways, but obviously would make a lot of drivers redundant. They would also shift power from conventional car manufacturers to IT companies who are best placed to develop the intelligence and control systems. No surprises there at all, we read this stuff every day now.

However, we don’t even need self-driving cars. They are barely out of the lab, lawyers are still arguing over how insurance and liability for accidents should work, and already their end is in sight. Self-driving cars could be the next Betamax.

The third wave is driverless vehicles that don’t even need an engine, or batteries, or even supercapacitors, or the huge expenses for all the sensor equipment and onboard computers and all the other electronics. They don’t need much in the way of electronics or electrics at all. We might have the first buses in history that are simpler than a bus shelter.

This 3rd wave won’t even be electric vehicles!

Forgive my use of powerpoint graphics, but with generic vehicles, boxes make a good start point anyway, vehicle designers can design them any which way they like:

Slide2

This wave will reduce the vehicle to little more than a moving box. It might have comfy seats and air conditioning added, but apart from that, it doesn’t need much else. Really it doesn’t. They could have wheels, and that would reduce electricity requirements somewhat, but then wheels would cost more and bring other issues, so they will be optional and we all know future cars are meant to hover anyway. If they do have wheels, they would still use the plates near the road surface just as the non-wheel versions. There is no need for brakes on the wheels if there is a long braking pad on the road surface for emergencies. One of my first ever engineering jobs was designing an electromagnetic braking system that pulled a brake pad onto another using magnetic field. If it worked in 1982, it will work in 2020.

The most basic version of such a vehicle would be literally an empty box with three pads on the base. It would be used for carrying goods. Two of the pads would levitate the vehicle, propel it, steer it and stop it. The third pad would be a high friction pad that would stop the vehicle very rapidly if necessary. That’s it. This kind of vehicle would only cost whatever it costs to make a thin plastic or carbon fiber box and stick two thin strips of metal on the base and a strip of brake pad. $200 is a reasonable estimate. For people transport, cost depends on the level of comfort needed. It won’t crash, so a minimum requirement is a plastic seat and a safety belt to stop you falling off, shaped to sit on the pads underneath and nest easily into the one in front for storage. Again, that could easily be mass-produced for $200.

Slide3

Higher comfort versions could be made of course, where the passengers are fully enclosed, sound insulated and air conditioned, sitting on nice comfy leather seats on nice soft suspension. Even then, they still don’t need any engine or battery, or any electrics other than lighting, sound cancellation and air conditioning system. But there is nothing to stop car manufacturers continuing to make high luxury cabins if they want, there just might not be much of a market for them.

Lots of the electronics in modern cars is not really needed. We already have enough computing capability in our mobiles to do all our entertainment, navigation, location, comms between vehicles, all the IoT management. Your phone knows where it is, can get you all the media and comms you can eat, and can do the noise cancellation too. Decor is irrelevant once we have augmented reality – you can sit in a blank box and make it look as if you are in any place or any vehicle you want.

Propulsion doesn’t have to come from an engine, not even an electric motor. Decades ago the first linear induction transport system was built and now there are lots of trains using that mechanism, some travelling at very high speed. However, technology has moved on. We don’t need a huge rail for our boxes to sit on. It’s easy to suspend the box on strong magnetic fields and those fields can be produced and shaped easily, especially using graphene or superconductive materials, but perfectly adequately using conventional materials and strong permanent magnets. Position the plates on the base of the box in nicely shaped magnetic wells and they will stay there. The magnetic wells can be shaped as the vehicle goes along to direct it any way it needs to go. The passenger’s mobile knows where the passenger wants to go and can talk direct to the cloud based management system, which can control invisible ‘points’ in an invisible re-configurable ‘railway’ beneath the vehicle. If there is no passenger and only freight on board, the management system still knows what to do with each box and can navigate it correctly. So it is a travelling magnetic well drive. Steering the wells steers the cars or pods. It doesn’t have to use classic linear induction motors, it just needs to be able to move magnetic wells. Linear induction motors are one way of doing that, but anything that can shape a magnetic well for the pods to sit in, and make them travel along, will do. There are lots of ways to skin a cat, so they say.

A factory-produced mat can be laid out on a stretch of road overnight, plugged in to an electricity supply, and these vehicles could be carried on it the next day. Vehicles that need to slow down could have their kinetic energy recovered and transferred to others that need to accelerate. Total energy costs would be low.

All the benefits of self-driving cars would still hold. The vehicles can still be millimeters apart in each direction so could still reap all the congestion benefits, along with virtually zero drag. Not needing any engine, motor or battery or capacitor bank on board would greatly reduce the amount of resources needed to make a vehicle and the energy needed to propel it. Recognizing that almost all the electronics needed sits happily inside a mobile saves a lot more resources.

Grabbing a vehicle would be done by direct discussion between the mobile and city transport system. Any empty vehicle would simply pull over, you get in and get off at your destination. Cost could be low enough to absorb into normal city running costs. If vehicles are designed to nest into each other like supermarket trolleys, and if they really only cost about the same, they would require minimal storage space, liberating car parks and taxi ranks for other uses.

So our vehicles really could be just simple boxes with minimal additions for basic comfort or high luxury. On nice days, they could be open, on rainy days, you pull the hood over. In colder climes, there might be sides and doors.

Here’s a quick summary of the key points:

Slide1

Internet-of-things is enabling the systems needed to track obstacles such as pedestrians, linking to ubiquitous sensors and cameras, so all the safety side is entirely feasible too without having to put it in the vehicle. Our mobiles and digital jewellery will work with lots of different kinds of security systems to ensure that pods don’t go anywhere without knowing who is or what is on board, preventing terrorists from filling them up with explosives and sending them to a target. Delivery pods would only open when properly authorised. Suspicious passengers or vehicles could be locked and routed automatically to safe inspection points.

I’m not going to build this, but someone will. If it’s you, buy me a beer when you get rich and make a donation to a homeless people’s charity. No new physics is required. As graphene becomes commercially available cheaply, as it will, it will become very cheap to put all the circuitry into cheap mats that can be laid out to do the work. Thieves won’t steal mats that only have carbon in them, whereas if they use lots of copper wiring, they might try. But understand that there is absolutely nothing to prevent someone starting development tomorrow and implementing this within a few years. This should be easier to build than self driving cars.

Reconfigurable circuits have been with us decades too, so rearranging the circuits to route each pod the right way at each junction is no problem. Electronic control systems too. A few bits of software need to be written, but then a simple box achieves exactly the same functionality as a self-driving car 100 times the cost.

So basically, conventional vehicles can be replaced by simpler and cheaper boxes. No engine, no fuel, no wheels, no suspension, no mechanical parts other than optional doors and sliding roofs, just comfy seats and life support systems. Almost all the frills via augmented reality and whatever else your future smartphones do. All the system management and control and data collection ditto.

In new cities, roads could be built with such a system in mind, with less street furniture and clutter. They would have clean air. Cheap and fast transport would encourage people to travel more, socialize more, live more, be happier. Cultural life would improve. Retrofitting it to existing cities would be easy too, just laying out factory-produced mats and plugging them into electric supply. With such ultra low costs, it would be the obvious choice for developing countries, helping to reduce CO2 production and demands on resources.

Lots of industries would be affected. We won’t need as much lithium of course, since these vehicles need no batteries. We won’t need as much steel, or aluminium, and we can recycle plastic to make the bodies and seats.

All the benefits of a self-driving car system at a tiny fraction of the price. What’s not to like?

Why Uber will soon be history due to a category error

I have nothing against Uber, I’ve never used them, or Hailo, but they are just as dispensable as their drivers. My next blog will be about my vision for an all-electric zero-emission driverless transport system and it has no use for Uber.

However, before I write that, I have a small issue to clear up. A couple of weeks ago I tweeted that the London cabbies who were protesting against Uber are very proud of spending years to learn the best way to get from A to B, yet a satnav device can calculate the best route in a few seconds (and though my tweet didn’t even go that far, any half-decent satnav will also take full account of the real-time traffic and congestion situation). A straightforward fact you might think, but a great many taxi drivers took offence at it, and not just in London. One taxi firm near Boston, braintreebesttaxi.com even made a crude and ineffective attempt at a cyber-attack. Don’t give up the day job guys!

A future transport system using driverless cars doesn’t need drivers of course but that doesn’t mean that all of them will be out of a job. Carrying luggage, helping people with mobility problems and providing company and conversation on the way is a very valuable service too, as are provision of local tourist advice, general information, strongly held opinions on every possible topic and other personality-based charms. We won’t NEED taxi drivers, but I for one would really miss them.

Uber thinks they are well on top of the driverless car trend: http://www.theguardian.com/technology/2015/sep/17/uber-well-ease-the-transition-to-self-driving-cars.

Perhaps it is just as well they want to go driverless because I’m told many of their drivers are starting to get angry with Uber too. Uber is wrong if they think driverless cars will make them the future. Possibly they will benefit for a short while during technology transition, but the simple fact is that future transport systems don’t need Uber or Hailo any more than they need taxi drivers. Since Uber pays very little tax on their large revenues, they are also putting themselves on the wrong side of public opinion, and that is not a very clever thing to do at all: http://www.theguardian.com/technology/2015/oct/20/uber-pays-low-uk-corporation-tax. Their worst error though is that their vision of future transport technology is focused on the current state of the art, not the future. If you are planning a future strategy, you absolutely should not base it on today’s technology.

They say they will buy all of Tesla’s output of self-driving cars: http://www.computerworld.com/article/2945817/telematics/uber-will-buy-all-the-self-driving-cars-that-tesla-can-build-in-2020.html. Well, I hope they can make them pay fast, because they will be obsolete very soon indeed. Uber won’t survive long, not if they make this kind of error. Technology will soon make Uber irrelevant too, and unless they improve their corporate values, not many will bother to turn up at their funeral unless it is to gloat.

Google will presumably also want their self-driving cars out there too. The rest of the car industry also won’t go down without a fight, so there will be a many a battle to establish market share in self-driving cars. Apple will want all their self-driving cars out there too. Until 5 minutes ago, I thought there was just the tiniest possibility that Apple were going to be a bit smarter. Maybe Apple had noticed the same thing I had. But no, a quick Google search confirms that Apple have made the same mistake too, and just bought in the wrong guy: http://www.macrumors.com/2015/10/24/apple-hire-nvidia-deep-learning-apple-car/. These companies have other businesses so won’t really care much if one project goes down. Google, Apple, Samsung, LG et al will be far more likely to flourish in the real future than Uber or Hailo.

The error is very serious. You’ve made it, I’ve made it. The entire auto industry has made it. It’s a category error.

We’ve all been conflating ‘driverless’ and ‘self-driving’. They are not the same.

The future doesn’t need self-driving cars, it needs driverless cars. They both save lives, save the environment, save resources, save congestion, save time, and save cost. One saves a little, the other saves a LOT.

The entire car industry, as well as Uber, Google, Tesla, and even Apple have all bet on the wrong one, but some have better chance of surviving the consequences their errors than others. I’ll outline the basic principles of the technology waves that can wipe out self-driving cars in my next blog, and actually since the technology is easier in many ways than getting self-driving working, it could even bypass them. We may never see an age of self-driving cars. We can get a far better system, far faster and far cheaper.

It is time to consider any investments you have in the transport industry. Severe turbulence ahead!

Stimulative technology

You are sick of reading about disruptive technology, well, I am anyway. When a technology changes many areas of life and business dramatically it is often labelled disruptive technology. Disruption was the business strategy buzzword of the last decade. Great news though: the primarily disruptive phase of IT is rapidly being replaced by a more stimulative phase, where it still changes things but in a more creative way. Disruption hasn’t stopped, it’s just not going to be the headline effect. Stimulation will replace it. It isn’t just IT that is changing either, but materials and biotech too.

Stimulative technology creates new areas of business, new industries, new areas of lifestyle. It isn’t new per se. The invention of the wheel is an excellent example. It destroyed a cave industry based on log rolling, and doubtless a few cavemen had to retrain from their carrying or log-rolling careers.

I won’t waffle on for ages here, I don’t need to. The internet of things, digital jewelry, active skin, AI, neural chips, storage and processing that is physically tiny but with huge capacity, dirt cheap displays, lighting, local 3D mapping and location, 3D printing, far-reach inductive powering, virtual and augmented reality, smart drugs and delivery systems, drones, new super-materials such as graphene and molybdenene, spray-on solar … The list carries on and on. These are all developing very, very quickly now, and are all capable of stimulating entire new industries and revolutionizing lifestyle and the way we do business. They will certainly disrupt, but they will stimulate even more. Some jobs will be wiped out, but more will be created. Pretty much everything will be affected hugely, but mostly beneficially and creatively. The economy will grow faster, there will be many beneficial effects across the board, including the arts and social development as well as manufacturing industry, other commerce and politics. Overall, we will live better lives as a result.

So, you read it here first. Stimulative technology is the next disruptive technology.

 

Citizen wage and why under 35s don’t need pensions

I recently blogged about the citizen wage and how under 35s in developed countries won’t need pensions. I cut and pasted it below this new pic for convenience. The pic contains the argument so you don’t need to read the text.

Economic growth makes citizen wage feasible and pensions irrelevant

Economic growth makes citizen wage feasible and pensions irrelevant

If you do want to read it as text, here is the blog cut and pasted:

I introduced my calculations for a UK citizen wage in https://timeguide.wordpress.com/2013/04/08/culture-tax-and-sustainable-capitalism/, and I wrote about the broader topic of changing capitalism a fair bit in my book Total Sustainability. A recent article http://t.co/lhXWFRPqhn reminded me of my thoughts on the topic and having just spoken at an International Longevity Centre event, ageing and pensions were in my mind so I joined a few dots. We won’t need pensions much longer. They would be redundant if we have a citizen wage/universal wage.

I argued that it isn’t economically feasible yet, and that only a £10k income could work today in the UK, and that isn’t enough to live on comfortably, but I also worked out that with expected economic growth, a citizen wage equal to the UK average income today (£30k) would be feasible in 45 years. That level will sooner be feasible in richer countries such as Switzerland, which has already had a referendum on it, though they decided they aren’t ready for such a change yet. Maybe in a few years they’ll vote again and accept it.

The citizen wage I’m talking about has various names around the world, such as universal income. The idea is that everyone gets it. With no restrictions, there is little running cost, unlike today’s welfare which wastes a third on admin.

Imagine if everyone got £30k each, in today’s money. You, your parents, kids, grandparents, grand-kids… Now ask why you would need to have a pension in such a system. The answer is pretty simple. You won’t.  A retired couple with £60k coming in can live pretty comfortably, with no mortgage left, and no young kids to clothe and feed. Let’s look at dates and simple arithmetic:

45 years from now is 2060, and that is when a £30k per year citizen wage will be feasible in the UK, given expected economic growth averaging around 2.5% per year. There are lots of reasons why we need it and why it is very likely to happen around then, give or take a few years – automation, AI, decline of pure capitalism, need to reduce migration pressures, to name just a few

Those due to retire in 2060 at age 70 would have been born in 1990. If you were born before that, you would either need a small pension to make up to £30k per year or just accept a lower standard of living for a few years. Anyone born in 1990 or later would be able to stop working, with no pension, and receive the citizen wage. So could anyone else stop and also receive it. That won’t cause economic collapse, since most people will welcome work that gives them a higher standard of living, but you could just not work, and just live on what today we think of as the average wage, and by then, you’ll be able to get more with it due to reducing costs via automation.

So, everyone after 2060 can choose to work or not to work, but either way they could live at least comfortably. Anyone less than 25 today does not need to worry about pensions. Anyone less than 35 really doesn’t have to worry much about them, because at worst they’ll only face a small shortfall from that comfort level and only for a few years. I’m 54, I won’t benefit from this until I am 90 or more, but my daughter will.

Summarising:

Are you under 25 and living in any developed country? Then don’t pay into a pension, you won’t need one.

Under 35, consider saving a little over your career, but only enough to last you a few years.

The future of rubbish quality art

Exhibit A: Tracey Emin – anything at all from her portfolio will do.

Exhibit B: What I just knocked up in 5 minutes:

Exploration of the real-time gravitational interaction of some copper atoms

Exploration of the real-time gravitational interaction of some copper atoms

A recent work, I can Cu Now

As my obvious  artistic genius quickly became apparent to me, I had a huge flash of inspiration and produced this:

Investigating the fundamental essence of futurology and whether the process of looking into the future can be fully contained within a finite cultural bottle.

Investigating the fundamental essence of futurology and whether the process of looking into the future can be fully contained within a finite cultural bottle.

Trying to bottle the future

I have to confess that I didn’t make the beautiful bottle, but even Emin only has a little personal  input into some of the works she produces and it is surely obvious that my talent in arranging this so beautifully is vastly greater than that of the mere sculptor who produced the vase, or bottle, or whatever. Then, I produced my magnum opus, well so far, towards the end of my five minutes of exploration of the art world. I think you’ll agree I ought immediately to be assigned Professor of Unified Arts in the Royal Academy. Here it is, if I can see well enough to upload it through my tears of joy at having produced such insight.

Can we measure the artistic potential of a rose?

Can we measure the artistic potential of a rose?

This work needs no further explanation. I rest my case.

Time – The final frontier. Maybe

It is very risky naming the final frontier. A frontier is just the far edge of where we’ve got to.

Technology has a habit of opening new doors to new frontiers so it is a fast way of losing face. When Star Trek named space as the final frontier, it was thought to be so. We’d go off into space and keep discovering new worlds, new civilizations, long after we’ve mapped the ocean floor. Space will keep us busy for a while. In thousands of years we may have gone beyond even our own galaxy if we’ve developed faster than light travel somehow, but that just takes us to more space. It’s big, and maybe we’ll never ever get to explore all of it, but it is just a physical space with physical things in it. We can imagine more than just physical things. That means there is stuff to explore beyond space, so space isn’t the final frontier.

So… not space. Not black holes or other galaxies.

Certainly not the ocean floor, however fashionable that might be to claim. We’ll have mapped that in details long before the rest of space. Not the centre of the Earth, for the same reason.

How about cyberspace? Cyberspace physically includes all the memory in all our computers, but also the imaginary spaces that are represented in it. The entire physical universe could be simulated as just a tiny bit of cyberspace, since it only needs to be rendered when someone looks at it. All the computer game environments and virtual shops are part of it too. The cyberspace tree doesn’t have to make a sound unless someone is there to hear it, but it could. The memory in computers is limited, but the cyberspace limits come from imagination of those building or exploring it. It is sort of infinite, but really its outer limits are just a function of our minds.

Games? Dreams? Human Imagination? Love? All very new agey and sickly sweet, but no. Just like cyberspace, these are also all just different products of the human mind, so all of these can be replaced by ‘the human mind’ as a frontier. I’m still not convinced that is the final one though. Even if we extend that to greatly AI-enhanced future human mind, it still won’t be the final frontier. When we AI-enhance ourselves, and connect to the smart AIs too, we have a sort of global consciousness, linking everyone’s minds together as far as each allows. That’s a bigger frontier, since the individual minds and AIs add up to more cooperative capability than they can achieve individually. The frontier is getting bigger and more interesting. You could explore other people directly, share and meld with them. Fun, but still not the final frontier.

Time adds another dimension. We can’t do physical time travel, and even if we can do so in physics labs with tiny particles for tiny time periods, that won’t necessarily translate into a practical time machine to travel in the physical world. We can time travel in cyberspace though, as I explained in

https://timeguide.wordpress.com/2012/10/25/the-future-of-time-travel-cheat/

and when our minds are fully networked and everything is recorded, you’ll be able to travel back in time and genuinely interact with people in the past, back to the point where the recording started. You would also be able to travel forwards in time as far as the recording stops and future laws allow (I didn’t fully realise that when I wrote my time travel blog, so I ought to update it, soon). You’d be able to inhabit other peoples’ bodies, share their minds, share consciousness and feelings and emotions and thoughts. The frontier suddenly jumps out a lot once we start that recording, because you can go into the future as far as is continuously permitted. Going into that future allows you to get hold of all the future technologies and bring them back home, short circuiting the future, as long as time police don’t stop you. No, I’m not nuts – if you record everyone’s minds continuously, you can time travel into the future using cyberspace, and the effects extend beyond cyberspace into the real world you inhabit, so although it is certainly a cheat, it is effectively real time travel, backwards and forwards. It needs some security sorted out on warfare, banking and investments, procreation, gambling and so on, as well as lot of other causality issues, but to quote from Back to the Future: ‘What the hell?’ [IMPORTANT EDIT: in my following blog, I revise this a bit and conclude that although time travel to the future in this system lets you do pretty much what you want outside the system, time travel to the past only lets you interact with people and other things supported within the system platform, not the physical universe outside it. This does limit the scope for mischief.]

So, time travel in fully networked fully AI-enhanced cosmically-connected cyberspace/dream-space/imagination/love/games would be a bigger and later frontier. It lets you travel far into the future and so it notionally includes any frontiers invented and included by then. Is it the final one though? Well, there could be some frontiers discovered after the time travel windows are closed. They’d be even finaller, so I won’t bet on it.

 

 

Drones, balloons and high speed banking

High speed  or high frequency banking is a fact of life now and I am glad to say I predicted it and some of its associated issues in the mid 1990s. Technology has moved on rather though, so it’s long past time for an update.

Getting the distance between computing elements as small as possible has been one of the key factors in making chips faster, but the distances between chips and between computers are enormous by comparison. Now that trading computers execute many billions of instructions per second, even tiny extra transmission times can make a significant difference in the precise time at which data that will influence a trade instruction is received by a bank computer, and a consequent trade initiated. That can make a big difference in price and hence profits.

We are about to see the first exaflop computers. A light signal can only travel a third of a nanometre in free space in the time it take for an instruction to execute on such a machine.

Some data delivery to banks is synchronised to give a degree of fairness, but not all data is included in that, useful data doesn’t all come from a single source, and analyst software isn’t necessarily in the same location as a trading device, so signals holding data or instructions have to travel relatively large distances and that gives a degree of competitive advantage to those banks that pick the best locations and optimise their networks best. Sometimes important signals travel between cities or between buildings in a city. Banks already make free space optical links, send signals over laser beams through the air; point to point links with minimum distance. However, that isn’t feasible between cities. Very straight optical cables have also been laid to solve longer distance comms without incurring any extra delays due to bends.

But the trend won’t peak any time soon. Light travels faster in air than it does in fibre. 3 microseconds per kilometre is a lot faster than 5, so those banks with fibre links would be at a disadvantage compared to those with free space links. If the distance is too high to send a laser beam directly between buildings  due to atmospheric absorption, the earth’s curvature or air safety considerations, then there is another solution coming soon. Even sending free space light through the fibre ducts could be faster in latency terms than actually using the fibre, though the practicalities of doing so might well make it near impossible.

Balloons and drones are already being used or considered for many purposes and communications is just another one. Making a network of balloons or drones to divide the journey into manageable hops would speed signals along. There is a trade-off between altitude and distance. Going too high adds too much extra distance, though the air is clearer so fewer hops are needs and the speed of light very slightly faster. There will be an optimum curve that takes the signals reasonably high for most of the journey, but that keeps the total distance low. Drones and balloons can stay afloat for long periods.

It doesn’t stop with just comm-links. Given that there are preferred locations for different industries as far as data sources go, we may well see aerial computing too, doing the processing in situ and relaying a trade instruction to minimise the total time involved. Regulation lags such ideas so that enables the faster more agile banks to use high altitude balloons or drones for long periods before legal challenges force their removal. Even then, using helicopters and planes, hiring office building rooftops and many other strategies will enable banks to shave microseconds or even milliseconds off the time they need to analyse data and instruct trades.

High frequency trading has already introduced instabilities into trading systems and these new potentials will increase instability further still. The extra mathematical and business complexity of using divers parallel networks introduces new kinds of wave interference and emergent behavioural risks that will be as hard to spot as the financial derivative risks that caused the last crash.

While risks are underwritten by taxpayers and banks can keep the rewards, they have little incentive to play safe and every incentive to gamble more and faster, using every new gearing technology they can source. Future crashes could be even more spectacular, and may happen order of magnitude faster than the last big crash.

I spotted some other new banking toys, but they are even more dangerous and I will save those for another blog.