Happy Taco Tuesday, welcome to todays Blockchain today. A daily newsletter where we discuss recent Blockchain news, and technology I am interested in.

Contents:

• Man Hides $500,000 in Bitcoin from Ex-Wife!

• Australian Stock Exchange Scraps Plans for Blockchain Platform

• How do we Define Artificial Intelligence?

Man Hide $500,000 in Bitcoin from Ex-Wife!

An anonymous New York woman, Sarita found that her ex-husband had hid $500,000 in BTC from her. Her spouse, who earned $3 million annually, but didn’t have many assets.

Sarita found this suspicious, at which point she hired forensics accountants who were able to track down 12 bitcoins worth $500,000.

'I know of Bitcoin and things like that. I just didn't know much about it. It was never even a thought in my mind, because it's not like we were discussing it or making investments together. ... It was definitely a shock,''

Divorce attorney stated the crypto currency has become more common as a means for hiding money from their partners. With cryptocurrency coming up in 20% to 50% of divorces they handle.

Australian Stock Exchange Scraps Plans for Blockchain Platform

Recent plans to rebuild the Australian Stock Exchange (ASX) have been scrapped even though there is a radical technological upgrade that needs to happen.

The ASX is still using its 30 year old software that has a daily turnover of $4.6 billion, and a total market capitalisation of $1.6 trillion.

After an external review that found the software needs to be rebuilt from scratch. At that point the decentralised, cryptographic exchange had been in development for seven years.

Australian Exchange directly stated on the matter, that the second rebuild attempt will use “a more conventional technology”.

Operating on software this old, with the amount of money it manages is a scary idea, and it is only a matter of time until something goes wrong.

At which point the ASX will need something radical. It might be too late at that point. The world might have moved on from traditional platforms.

How do we Define Artificial Intelligence?

In 1950 Alan Turing “I propose the question ‘can machines think’?” He later changed the question from “think” to “show intelligent behaviour” , emotional intelligence etc.

He Devised the Turing Test, as a means of measuring the ability of a machine to simulate human conversation.

Stuart Jonathan Russel and Peter Norvig, both prolific computer scientists, agree with Turing.

However, they think that the test compares machines to people. They wrote they don’t define the goal of the AI field as “making machines that fly so exactly like pigeons they can fool other pigeons”.

AI Founder John McArthur agreed, writing “Artificial intelligence is not, by definition, a simulation of human intelligence”.

I’m a big fan of artificial intelligence, though Science Fiction can be looked at as a scary concept. This idea is no longer science fiction, as a species we should aim at not replicating humans, but building artificial intelligence tools we can control.

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