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wow it's frigthening! it's the dream of every anarchist, every drug, arm, human dealer! the world made as a global fiscal paradise... the idea is clever however it will not replace real money because 1 - no one will build a fortune on bitcoin if a technological breakthrough can ruin them 2 - government never allowed parallel money to flourish on their territory, so it will be almost impossible to change bitcoin against euros or dollars

interesting stuff anyone read cryptonomicon by neal stephenson? similar theme.

:) yes. One of the comments on reddit was precisely drawing the parallels with Neal Stephenson's Snowcrash / Diamond Age / Cryptonomicon. Interesting stuff indeed. It has a lot of potential for misuse, but also opens up new possibilities. We've discussed recently how emerging technologies will drive social change. Whether it's the likes of NSA / CIA who will benefit the most from the Twitters, Facebooks and so on, by gaining greater power for control, or whether individuals are being empowered to at least an identical degree. We saw last year VISA / PayPal censoring WikiLeaks... Well, here's a way for any individual to support such an organization, in a fully anonymous and uncontrollable way...

One of my colleagues has made a nice, short write-up about BitCoin: http://www.pds.ewi.tudelft.nl/~victor/bitcoin.html

very nice analysis indeed - thanks Tamas for sharing it!

mmm I'm not an expert but it seemed to me that, even if these criticisms are true, there is one fundamental difference between the money you exchange on internet via your bank, and bitcoins. The first one is virtual money and the second one aims at being real, physical, money, even if digital, in the same way as banknotes, coins, or gold.

An algorithm wanna-be central bank issuing untraceable tax free money between internet users? not more likely than the end of the world supposed to take place tomorrow, in my opinion. Algorithms don't usually assault women though !:P

well, most money is anyway just virtual and only based on expectations and trust ... (see e.g. http://en.wikipedia.org/wiki/Money_supply) and thus if people trust that this "money" has some value in the sense that they can get something of value to them in exchange, then not much more is needed it seems to me ...

@Leopold: ok let's use the rigth words then. Bitcoin aim at being a currency ("physical objects generally accepted as a medium of exchange" from wikipedia), different than the "demand deposit". In the article proposed by Tamas he compares what cannot be compared (currencies, demand deposits and their mean of exchange). The interesting question is wether one can create a digital currency which is too difficult to counterfeit. As far as I know, there is no existing digital currency except this bitcoins (and maybe the currencies from games as second life and others, but which are of limited use in real world).

absolutely ... so you ditched yours also already?

nice article; Luzi would agree as well I assume; one aspect not clear to me is the causal relationship it seems to imply between consciousness and randomness ... anybody?

This is the same thing Penrose has been saying for ages (and yes, I read the book). IF the human brain proves to be the only conceivable system capable of consciousness/intelligence AND IF we'll forever be limited to the Turing machine type of computation (which is what the "Not Computable" in the article refers to) AND IF the brain indeed is not computable, THEN AI people might need to worry... Because I seriously doubt the first condition will prove to be true, same with the second one, and because I don't really care about the third (brains is not my thing).. I'm not worried.

In any case, all AI research is going in the wrong direction: the mainstream is not on how to go beyond Turing machines, rather how to program them well enough ...... and thats not bringing anywhere near the singularity

It has not been shown that intelligence is not computable (only some people saying the human brain isn't, which is something different), so I wouldn't go so far as saying the mainstream is going in the wrong direction. But even if that indeed was the case, would it be a problem? If so, well, then someone should quickly go and tell all the people trading in financial markets that they should stop using computers... after all, they're dealing with uncomputable undecidable problems. :) (and research on how to go beyond Turing computation does exist, but how much would you want to devote your research to a non existent machine?)

[warning: troll] If you are happy with developing algorithms that serve the financial market ... good for you :) After all they have been proved to be useful for humankind beyond any reasonable doubt.

Two comments from me: 1) an apparently credible scientist takes Kurzweil seriously enough to engage with him in polemics... oops 2) what worries me most, I didn't get the retail store pun at the end of article...

True, but after Google hired Kurzweil he is de facto being taken seriously ... so I guess Nicolelis reacted to this.

Crazy scientist in residence... interesting marketing move, I suppose.

Unfortunately, I can't upload my two kids to the cloud to make them sleep, that's why I comment only now :-). But, of course, I MUST add my comment to this discussion. I don't really get what Nicolelis point is, the article is just too short and at a too popular level. But please realize that the question is not just "computable" vs. "non-computable". A system may be computable (we have a collection of rules called "theory" that we can put on a computer and run in a finite time) and still it need not be predictable. Since the lack of predictability pretty obviously applies to the human brain (as it does to any sufficiently complex and nonlinear system) the question whether it is computable or not becomes rather academic. Markram and his fellows may come up with a incredible simulation program of the human brain, this will be rather useless since they cannot solve the initial value problem and even if they could they will be lost in randomness after a short simulation time due to horrible non-linearities... Btw: this is not my idea, it was pointed out by Bohr more than 100 years ago...

I guess chaos is what you are referring to. Stuff like the Lorentz attractor. In which case I would say that the point is not to predict one particular brain (in which case you would be right): any initial conditions would be fine as far as any brain gets started :) that is the goal :)

Kurzweil talks about downloading your brain to a computer, so he has a specific brain in mind; Markram talks about identifying neural basis of mental diseases, so he has at least pretty specific situations in mind. Chaos is not the only problem, even a perfectly linear brain (which is not a biological brain) is not predictable, since one cannot determine a complete set of initial conditions of a working (viz. living) brain (after having determined about 10% the brain is dead and the data useless). But the situation is even worse: from all we know a brain will only work with a suitable interaction with its environment. So these boundary conditions one has to determine as well. This is already twice impossible. But the situation is worse again: from all we know, the way the brain interacts with its environment at a neural level depends on his history (how this brain learned). So your boundary conditions (that are impossible to determine) depend on your initial conditions (that are impossible to determine). Thus the situation is rather impossible squared than twice impossible. I'm sure Markram will simulate something, but this will rather be the famous Boltzmann brain than a biological one. Boltzman brains work with any initial conditions and any boundary conditions... and are pretty dead!

Say one has an accurate model of a brain. It may be the case that the initial and boundary conditions do not matter that much in order for the brain to function an exhibit macro-characteristics useful to make science. Again, if it is not one particular brain you are targeting, but the 'brain' as a general entity this would make sense if one has an accurate model (also to identify the neural basis of mental diseases). But in my opinion, the construction of such a model of the brain is impossible using a reductionist approach (that is taking the naive approach of putting together some artificial neurons and connecting them in a huge net). That is why both Kurzweil and Markram are doomed to fail.

I think that in principle some kind of artificial brain should be feasible. But making a brain by just throwing together a myriad of neurons is probably as promising as throwing together some copper pipes and a heap of silica and expecting it to make calculations for you. Like in the biological system, I suspect, an artificial brain would have to grow from a small tiny functional unit by adding neurons and complexity slowly and in a way that in a stable way increases the "usefulness"/fitness. Apparently our brain's usefulness has to do with interpreting inputs of our sensors to the world and steering the body making sure that those sensors, the brain and the rest of the body are still alive 10 seconds from now (thereby changing the world -> sensor inputs -> ...). So the artificial brain might need sensors and a body to affect the "world" creating a much larger feedback loop than the brain itself. One might argue that the complexity of the sensor inputs is the reason why the brain needs to be so complex in the first place. I never quite see from these "artificial brain" proposals in how far they are trying to simulate the whole system and not just the brain. Anyone? Or are they trying to simulate the human brain after it has been removed from the body? That might be somewhat easier I guess...

Johannes: "I never quite see from these "artificial brain" proposals in how far they are trying to simulate the whole system and not just the brain." In Artificial Life the whole environment+bodies&brains is simulated. You have also the whole embodied cognition movement that basically advocates for just that: no true intelligence until you model the system in its entirety. And from that you then have people building robotic bodies, and getting their "brains" to learn from scratch how to control them, and through the bodies, the environment. Right now, this is obviously closer to the complexity of insect brains, than human ones. (my take on this is: yes, go ahead and build robots, if the intelligence you want to get in the end is to be displayed in interactions with the real physical world...) It's easy to dismiss Markram's Blue Brain for all their clever marketing pronouncements that they're building a human-level consciousness on a computer, but from what I read of the project, they seem to be developing a platfrom onto which any scientist can plug in their model of a detail of a detail of .... of the human brain, and get it to run together with everyone else's models of other tiny parts of the brain. This is not the same as getting the artificial brain to interact with the real world, but it's a big step in enabling scientists to study their own models on more realistic settings, in which the models' outputs get to effect many other systems, and throuh them feed back into its future inputs. So Blue Brain's biggest contribution might be in making model evaluation in neuroscience less wrong, and that doesn't seem like a bad thing. At some point the reductionist approach needs to start moving in the other direction.