Growing old with your best friend

8

October

2021

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In this time where average lifetime is ever increasing, not everyone can handle elderly people’s care, and, most importantly, their need to remain active. Not enough professionally qualified staff is available in the market and people don’t feel well to leave their loved ones in a nursing home.

However, as we’ve learned in this course, whenever we see a problem these days, technology seems to be the solution. This case is no exception. Companies like ElliQ have emerged that build robots to keep the elder company. They can tell jokes, play music, do video chats, send messages and take calls, remind you of your appointments, and even suggest activities if it notices you are too sedentary (Baiju, 2020). It is truly the digital assistant that also acts as your best friend.

Despite the moral dilemmas that robotic care can present, some people seem to prefer to be accompanied by robots, as is the case of an 80-year resident who said: “She won’t have her feelings hurt and she doesn’t get moody, and she puts up with my moods, and that’s the best friend anybody can have.” (Samuel, 2020). The truth is as people get older, they tend to get lonelier due to a lack of energy, social events, and hobbies to keep them active. Although human interaction is usually the best practice to deal with this issue, there aren’t enough resources and time to give people the care they need, and robots can be always present and can become better at understanding people’s needs than fellow humans. What do you think about this? Do you think robot care will be the future? Would you give one to your parents? Do you think younger generations who are more technology literate won’t need a robot to replace their phone when they grow old?

References

Nt, B. (2020, July 2). Top seven companion and social robots for elderly people. RoboticsBiz. https://roboticsbiz.com/top-seven-companion-and-social-robots-for-elderly-people/

Samuel, S. (2020, December 8). Are robots the answer to pandemic loneliness — or a moral trap? Vox. https://www.vox.com/future-perfect/2020/9/9/21418390/robots-pandemic-loneliness-isolation-elderly-seniors

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Gotta ban them all!

26

September

2021

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Ever since cryptocurrencies have existed, they have been a controversial topic mostly because of their volatility, the electricity needed to mine them, and the legality of the transactions behind them. After several (unsuccessful) attempts to stop cryptocurrency activity in China, the government has passed a bill this Friday, the 24th of September, to make all crypto financial transactions illegal (BBC News, 2021).

China’s first attempt to ban cryptocurrencies dates back to 2013. Eight years later they have decided to take more extreme measures and the results are still to be seen. It’s easy to understand why it is not an easy task, the technology behind crypto is untraceable, and China is responsible for 46% of the world’s current computing processing power used for mining (Al Jazeera, 2021). Nonetheless, the measures seem to be working, as in 2019 this value was up to 75%.

Why is this happening?

Cryptocurrencies’ worth is translated in individual empowerment and in a form of freedom. These are 2 concepts that are not well aligned with CCP’s usual policies. The government would rather hold the population and, most importantly, their information solely under their control, and anything that provides an alternative to that is considered a threat. However, the government justifies these measures with environmental issues and population protection from a dangerous volatile market (Al Jazeera, 2021). The People’s Bank of China claims that “[virtual currency-related business activities] seriously endangers the safety of people’s assets” (BBC News, 2021).

Effects

Despite the drops this news caused in the market the following days, the rest of the world doesn’t seem to care too much about this ban. Ulrik K.Lykke, an executive director at crypto hedge fund ARK36 wrote in an email: “While each time this [China’s crackdown] happens, the markets react with a price drop, each time the effect is smaller and more short-lived. The ‘China bans Bitcoin’ story has gained almost a meme-like status in the Bitcoin community because of this.” (Yue, 2021). The truth is the market has survived every ban news since 2013, and since then, Bitcoin’s value has skyrocketed from just 196 US$ in Oct 2013 to 44,755 US$ in Sep 2021 (Statista, 2021). Cryptocurrencies seem to have come to stay, and China’s efforts to ban their power, just give its supporters more reason to believe it is fulfilling its job of empowering individual freedom for the world.

References

BBC News. (2021, September 24). China declares all crypto-currency transactions illegal. https://www.bbc.com/news/technology-58678907

Al Jazeera. (2021, September 24). Bitcoin slumps as China bans all cryptocurrency transactions. Business and Economy News | Al Jazeera. https://www.aljazeera.com/economy/2021/9/24/bbbitcoin-slumps-as-china-bans-all-cryptocurrency-transactions

Yue, F. (2021, September 25). China’s crypto ban has almost achieved a “meme-like status,” but here are the lingering impacts. MarketWatch. https://www.marketwatch.com/story/chinas-crypto-ban-has-almost-achieved-a-meme-like-status-but-here-are-the-lingering-impacts-11632512981

Statista. (2021, September 24). Bitcoin (BTC) price history up until September 24, 2021. https://www.statista.com/statistics/326707/bitcoin-price-index/

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