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Recently I have been asked by many to explain what @Fetch_ai actually does so I thought I would do a series of threads in a very simple and understandable way. I don’t do very long threads so bear with me while I try this.
I would also like to give you a bit of context as to why we do what we do. Our mission has been largely driven by fulfilling the original promise of the internet to deliver true informational and financial decentralization.
Web2 morphed into new centralized tech behemoths who wield asymmetric power. A good concept to read on what is broken about Web2 is ‘Intention Economy’ coined by @dsearls here is a link en.wikipedia.org/wiki/Intention…
@Flash43191300 HERE IS REAL #Chernobyl story. IN 1992, Bill Zoller, 79, visited Chernobyl a #UW chemistry professor who studied the atmosphere. #AEA asked Zoller, for his assessment of what was going on with Ukrainian reactor meltdown that had taken place on April 26, 1986. #nuclearmeltdown 
@Flash43191300 #Uranium, steel, concrete and sand had melted to form a radioactive, glasslike lava that melted through several #floors, eventually #solidifying in the #basement. Because of its shape, it was called the Elephant’s Foot.
@USNavy @USArmy #STEM
@USNavy @USArmy #STEM
@Flash43191300 his Ukrainian host gave him a photographic slide. It was of the Elephant’s Foot.
“Go ahead; pass the image around the West,” Zoller says the man told him. “I don’t have any way of getting it out there. @washingtonpost @guardian @NATO @USNATO
“Go ahead; pass the image around the West,” Zoller says the man told him. “I don’t have any way of getting it out there. @washingtonpost @guardian @NATO @USNATO
1/25 Why is Fetch.ai destined to become one of the future leading blockchain ecosystems of the world?
In this thread, I will take you on a journey and explain the revolutionary $FET ledger driven by the power of decentralised AI and Autonomous Economic Agents🤖⚡️
In this thread, I will take you on a journey and explain the revolutionary $FET ledger driven by the power of decentralised AI and Autonomous Economic Agents🤖⚡️
2/25 You still with me? Alright, lets begin with the basics:
There are many different blockchains such as Bitcoin and Ethereum. They all have a different technological focus. $BTC is digital gold due to its scarcity while $ETH is a chain to program smart contracts.
There are many different blockchains such as Bitcoin and Ethereum. They all have a different technological focus. $BTC is digital gold due to its scarcity while $ETH is a chain to program smart contracts.
3/25 Now, Fetch has built its own #blockchain combining its mainnet with the power of #AI, and that is where the magic happens: this is the birth of decentralised Artificial Intelligence
Listen. It took me years to realize I stopped auditioning for musical theater not bc I was lazy, but bc I was in pain. It wasn’t the rejection—it was walking into a room & being made to feel like your body was unreasonable, that by showing up you were wasting everyone’s time.
It was standing in a row with 30 girls in leotards and LaDucas and watching the casting director’s eyes skip over you as he scanned the line, or mindlessly push your headshot to the rejection pile with without even looking at you long enough to see your face.
It was the urge to walk up to the only other big girl in the holding room & sit in silent camaraderie, while secretly hating she was there. There were only so many “old lady” (or “fat friend” or “clueless teen” or “sassy villain”) roles to go around and they’d never cast you both
I am a macroeconomist who uses lynching in economic analysis & was a student of George Akerlof, Barry Eichengreen, David Romer & Paul Romer.
When I taught at Harvard, I taught 2 fundamental equations for economic analysis:
Y = C + I + G + (X-M) (1) and
Y = F(K, L, A) (2). 1/N
When I taught at Harvard, I taught 2 fundamental equations for economic analysis:
Y = C + I + G + (X-M) (1) and
Y = F(K, L, A) (2). 1/N
I use “human capital” to explain models that got macro to the endogenous-growth equation, Eq. (2). I also teach how slaveowners & Confederates tried to extract "disembodied human capital" from enslaved persons by giving them the right to patent prior to emancipation. 2/N
As @trevondlogan knows, I spent 10 years trying to get my paper on lynching & economic activity published in econ journals (thx JEG!). Spent most time educating referees/fellow economists on US history. Main, persistent questions/comments:
1) What is a former slave? 3/N
1) What is a former slave? 3/N
The #Global #Financial #Crisis of 2007/08 taught the policy making world that something special beyond #Conventional #MonetaryPolicy was necessary to lift economies out of the economic malaise...tinkering with the key rates was not enough anymore...
To this end, #centralbanks in the developed world (The US, UK, Japan, The EuroArea) adopted what they termed #UnconventionalMonetaryPolicy #UMP which is characterised by #ForwardGuidance #NegativeInterestRatePolicy & #QuantitativeEasing...but, have they helped?
Best #ASSA2020 moment? At airport, overhearing man on phone saying, “we really need to focus on more women students—the job market for women economists is excellent.”
Now, I find that a bit frustrating—shouldn’t we always nurture all kinds of students? But—excellent that incentives work on economics professors.
Based on the #AEAClimateReport, @AEASPmsu alum @itsafronomics and I wrote about issues facing Black women in economics and current & potential efforts to address them (nyti.ms/2oGMYxm). Hope all will read the op-ed & climate study: aeaweb.org/resources/memb…. 1/N
@AEASPmsu @itsafronomics For context, African Americans receive a smaller share of economics degrees than STEM degrees at every level. For 2017,
Economics
BA: 5.3%
MA: 5.6%
PhD: 3.2%
STEM
BA: 6.5%
MA: 7.8%
PhD: 4.3%
The full 2018 @AEACSMGEP report is here: aeaweb.org/content/file?i…. 2/N
Economics
BA: 5.3%
MA: 5.6%
PhD: 3.2%
STEM
BA: 6.5%
MA: 7.8%
PhD: 4.3%
The full 2018 @AEACSMGEP report is here: aeaweb.org/content/file?i…. 2/N
@AEASPmsu @itsafronomics @AEACSMGEP Black representation in economics has declined since 1995, going from 6.4% of all economics degrees to
to 5.3% in 2017. (2018 @AEACSMGEP Report) 3/N
to 5.3% in 2017. (2018 @AEACSMGEP Report) 3/N
