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Ask HN: Predictions on what will be the most surprising technology in 10 years?

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Re: Ask HN: Predictions on what will be the most surprising technology in 10 years?

#31
post #14

Earlier quoted context omitted.

If cryptocurrencies get very "wild" as an "asset class", then the US SEC, etc. will make regulations and/or Congress will pass laws to calm it down. The powerful governments in the world won't let crypto be means for money laundering, tax evasion, moving lots of money across country boundaries secretly, undisclosed assets, inheritance and gifts without taxes, etc. It may be that the important, remaining, applications…

It is one thing to make regulations and the other to enforce.

There is an international system of finance, banking, and money. There are rules: If some person, company, or country doesn't play by the rules, then they are not in the system, and that means that they are limited to at most very small things.

We know a lot about this system because it got a lot stronger trying to stop the money flows for terrorism, drugs, and tax evasion.

Well, for the "regulations", one can be that the system will not exchange with crypto and will not work with people who do. There are already, call it reviews, of any relatively large transactions. If something smells like drug money, terrorism, large scale tax evasion, etc., then law enforcement can get involved, crash into a house or office a 3 AM, grab all the papers and computers, grab phone tap data, grab Internet traffic data, etc. and put together a case of violation of crypto laws and regulations.

There's a fundamental point here: Sure, on a small scale, the regulations are tough to enforce, e.g., cost more to enforce than get from the enforcement. BUT the fundamental point is, for any illegal activity to make or spend much money, a LOT of people need to know about it and, then, sure, law enforcement also knows about it and can take action.

Re: Ask HN: Predictions on what will be the most surprising technology in 10 years?

#32
post #14

Earlier quoted context omitted.

If cryptocurrencies get very "wild" as an "asset class", then the US SEC, etc. will make regulations and/or Congress will pass laws to calm it down. The powerful governments in the world won't let crypto be means for money laundering, tax evasion, moving lots of money across country boundaries secretly, undisclosed assets, inheritance and gifts without taxes, etc. It may be that the important, remaining, applications…

It is one thing to make regulations and the other to enforce.

Cryptocurrencies may be decentralized, but their key people are not.

Take ICOs, for example. If ICOs continue on their current path - selling tokens to U.S. citizens that pass the Howey Test [1] - the feds will crack down on the largest and most flagrant violators faster than you can say "Ron Paul 2020"

And, it doesn't matter that these ICOs ban U.S. IP addresses from participating, either. From what I've read, the burden is on those selling the security to verify who they're selling it to.

[1] http://consumer.findlaw.com/securities-law/what-is-the-howey...

Re: Ask HN: Predictions on what will be the most surprising technology in 10 years?

#35
AR headsets.

There were MP3 players before the iPod, but they weren't taking off quite yet. Then Jobs came, and the iPod changed the music market. And then changed the smartphone market. Google Glass was a good first mass market prototype, Microsoft seems to be going in the right direction with Hololens, but we all know it's not quite there yet. Whoever manages to figure out what the magic combination is for an AR headset that gets massive adoption, will usher in the next UI/portable computing revolution.

Re: Ask HN: Predictions on what will be the most surprising technology in 10 years?

#38
post #9

I'd vote for by CRISPR and the rest of bio-technology, e.g., as in Eric Lander and his MIT lectures at YouTube, for, my guesses, better crops, healthier farm animals, attacking insects, e.g., mosquitoes, attacking causes of infections, for curing some of the remaining difficult diseases, especially cancer. A second guess, or a guess for second place, would be artificial general intelligence (AGI) if and only if someo…

We already have the possibility to change genes, CRISPR is just making it easier.

The problem is the lack of understanding and ability to engineer non-trivial things. (Most GMOs are just Glyphosate resistant or have the BT gene).

I guess we will deepen our understanding but still not be able to change big things for the next decades

Re: Ask HN: Predictions on what will be the most surprising technology in 10 years?

#39
"Internet of things". It's one of the few things that is already here, economically viable, but not organized or "distributed" as Gibson would say. There's simply no reason not to have connectivity in everything if you do it well with electronics and it provides value. Maybe not surprising as such, so you have to figure out the implications which is usually what tends to be the surprising part.
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