This battery-free cellphone runs on light and radio waves


Who cares about an OLED and a notch when your phone can sip power from its surrounding, allowing you to make calls without ever having to charge your phone.

This wild cellphone is part of a Google Faculty Research program and received three U.S. National Science Foundation grants for total investment of about $2 million. For that money, the creator, Vamsi Talla, built a single-board cellphone that can make regular phone calls connect you to emergency services. The team is commercializing the product at Jeeva Wireless.

According to IEEE, this thing can even make Skype calls:

The phone receives power from sunlight or RF waves sent from a nearby base station, a fixed point of communication for customer cellular phones on a carrier network. With a technique called backscattering, the phone can make a voice call by modifying and reflecting the same waves back to the base station.

We also were able to make Skype voice calls, proving that the prototype—made of commercial, off-the-shelf components—can communicate with a base station and applications like Skype. The phone consumes only 3 microwatts of power—which is about 10,000 times less than what a current smartphone consumes.

Because this technology doesn’t require much in the way of changing cell towers Talla believes that most cellphones could easily add this feature in the future. This means you could make a call even on a dead phone. Talla is also planning to add an e-ink display which means you could feasibly do very basic smartphone functions on your battery-less phone. The current model could cost as little as $1 to make which makes it excellent for developing countries.

from TechCrunch

NASA is about to crash a nuclear-powered robot into Saturn — here’s a guide to Cassini’s final moments


cassini saturn grand finale illustration artwork nasa jpl caltech 14

  • NASA has sent its $3.26-billion Cassini Saturn mission into a death spiral.
  • Called the "Grand Finale," the months-maneuver is meant to protect possible alien life on Saturn’s ocean-hiding moons.
  • Cassini will be destroyed in Saturn’s clouds around 6:32 a.m. EDT on Friday.

The end is nigh for Cassini, a spacecraft that launched in 1997 and has explored Saturn and its moons for 13 years.

However, scientists will squeeze every last discovery they can from the probe during its final moments.

NASA is destroying the nuclear-powered robot early Friday morning because it has run very low on propellant. Burning that fuel has led to countless discoveries, including a giant hexagon on Saturn’s north pole and a vast ocean of liquid water — and possibly alien life — below the icy crust of the moon Enceladus.

enceladus plumeBut it’s also created a problem, since the spacecraft is dusted with earthly microbes.

"Cassini’s own discoveries were its demise," Earl Maize, an engineer at NASA’s Jet Propulsion Laboratory (JPL) who manages the Cassini mission, previously told reporters. "We cannot risk inadvertent contact with that pristine body."

Instead of chucking Cassini into the void of space, mission managers in 2010 decided to squeeze every last ounce of the probe’s fuel tanks at Saturn.

With one last big burn in April 2017, the probe began a spectacular death spiral called the "Grand Finale." This maneuver slipped Cassini through a veritable cosmic keyhole: a small gap between Saturn and its rings.

So far, the probe has made 22 ring crossings. On Friday, it will make one final orbit, plunge into the Saturnian atmosphere, and burst into light as an artificial meteor.

"Cassini has got to be put safely away," Maize previously said. The decision was made at the recommendation of NASA’s planetary protection office.

With just days left in the mission, here’s what to expect and when, according to NASA JPL.

Note: Since beams of light (and data transmissions) take more than an hour to reach Earth from Saturn, all times are from Cassini’s vantage unless otherwise noted.

Final Grand Finale data download

saturn ring gap cassini width 1200 miles nasa jpl caltech business insider

When: Friday, Sept. 9 — 9:07 a.m. EDT

What: Cassini beamed back images and other data from the probe’s twenty-second and final crossing between Saturn and its rings.

Titan’s ‘goodbye kiss’

cassini spacecraft titan illustration nasa jpl caltechWhen: Monday, Sept. 11 — 3:04 p.m. EDT

What: A flyby of Titan, a moon the size of planet Mercury, that put Cassini on course to slam into Saturn.

"Instead of passing safely into and out of Saturn’s outermost atmosphere," NASA JPL wrote on its site, "Cassini will instead dip so deeply into the atmosphere that the spacecraft will burn up like a meteor."

Soaring before the plunge

When: Tuesday, Sept. 12 — 1:27 a.m. EDT

What: Cassini reached its farthest point from Saturn, called an orbital apoapsis, before beginning its final descent toward the planet. The spacecraft was about 800,000 miles away from Saturn.

Last images of Titan

When: Tuesday, Sept. 12 — 7:56 p.m. EDT

What: All of the images Cassini took of Saturn’s moon Titan during its "goodbye kiss" were sent home.

Speeding toward doom

: Tuesday, Sept. 12 – Friday, Sept. 15

What: Cassini will gradually accelerate as Saturn — a planet 95 times the mass of Earth — drags the probe toward its destruction. The robot will reach a speed of about 78,000 mph before splintering into glowing, meteoric pieces.

Cassini’s final photos


When: Thursday, Sept. 14 — 3:56 p.m. EDT

What: The probe will take one final image before shutting down its camera system. That picture will be of Saturn "looking toward the dark side of the planet at the impact location" in infrared light, plus — in visible light — "a fairly dark observation showing in the area lit by reflected light from the rings," Preston Dyches, a spokesperson for NASA JPL, told Business Insider in an email.

Dyches added: "Prior to that, the last image will be of one of the propeller features in the rings."

Live transmission begins

When: Thursday, Sept. 14 — 4:22 p.m. EDT

What: Cassini reorients itself so that its big, non-moving antenna dish is pointed toward Earth, allowing NASA to download all data it’s recorded (included the final photos). The spacecraft will fight to maintain this position for the next 14 hours and 30 minutes — right until the moment it burns up — so that it can transmit atmospheric and other data in real-time.

Australia tracks Cassini

When: Thursday, Sept. 14 — 11:15 p.m. EDT

What: A Deep Space Network station in Canberra, Australia, will point its giant radio dishes at Saturn to receive track Cassini and receive its final signals until the probe dies.

The Grand Finale — Friday, Sept. 15

Spacecraft roll, live transmission starts

When: 3:14 a.m. EDT

What: A few hours before burning up, and while keeping its antenna pointed at Earth, Cassini will take five minutes to roll itself into a new position. This will point an instrument called the ion and neutral mass spectrometer, or INMS, toward Saturn — allowing NASA to "sniff" the planet’s atmospheric gases.

As Cassini rolls, its computer will reconfigure for live transmission of atmospheric data. The bandwidth will be just 3.4 kilobytes per second — about 830 times slower than the average download speed of a US mobile phone — but it will be enough to get crucial data about the composition of Saturn’s gases home to Earth.

Atmospheric entry, thrusters fire

: 6:31 a.m. EDT

What: Cassini starts to plunge into the outer fringes of Saturn’s thick atmosphere — something the probe was never designed to do. It won’t go silently to its death, though: Cassini will start firing its position-changing thrusters at 10% of "open throttle" to keep its antenna dish pointed at Earth as gases buffet the spacecraft.

Loss of contact

When: 6:32 a.m. EDT

What: About a minute after ramming into Saturn’s atmosphere at up to 78,000 mph, Cassini’s computer will boost the thrusters to 100% to keep the live transmission going.

However, the robot won’t win this battle. Maize and Julie Webster, an aerospace engineer and manager of the Cassini spacecraft, told reporters during an August 29 teleconference that the probe has about 60 lbs of propellant out of the 6,900 lbs it started with to use — not enough to right the antenna during the entire descent. At some point Cassini will begin to tumble toward its doom.

Total destruction

: Seconds to minutes after signal loss

What: Cassini will heat up more rapidly the deeper and faster it dives. In fact, "temperatures around the spacecraft will increase by 30-to-100 times per minute" as it descends, NASA said.

cassini instruments diagram nasa jpl caltech 2943_IMG001943Insulating gold-colored blankets will char and break off first, followed by Cassini’s antenna, 30-foot-long magnetometer boom, and other loose or fragile parts. Carbon blocks full of plutonium-238 fuel will last the longest.

"It will basically disintegrate … long before we hit any real surface of Saturn," Webster said. "Not too long after we lose signal, we’ll have already started to be 200 to 500 degrees centigrade — within seconds. We’ll start to melt. All parts of it."

"The deepest it could possibly go in the atmosphere is about 200 kilometers, or 120 miles," Eric Strum, a Cassini mission planner, said on the call. He added that Cassini will disintegrate "thousands of kilometers" above what scientists consider the "surface" of Saturn — where air pressure is the same as on Earth’s surface.

Once fully melted, NASA said, "Cassini’s materials will sink deep into Saturn and mix with the hot, high-pressure atmosphere of the giant planet to be completely diluted."

Photos of Cassini exploding(?)

siding spring observatory australia wikipedia ssopete ccbysa4.JPG

When: 1 hour, 23 minutes, and 28 seconds after Cassini is destroyed

What: This is about how long the bursts of light caused by Cassini’s death will take to reach Earth. (Saturn will be some 932,822,000 miles away at that moment, according to "NASA’s Eyes on the Solar System" software.)

The Hubble space telescope might have recorded Cassini’s death in ultraviolet light — the strongest signal the probe will emit as it burns up. But Linda Spilker, a Cassini project scientist and a planetary scientist at NASA JPL, told Business Insider that Hubble won’t be in a position to see Cassini die.

Spilker is hopeful that professional observatories and hobbyist astronomers in the southern hemisphere catch a glimpse, especially if several kilograms of Cassini’s hydrazine fuel explodes brightly in the final moments.

"We’ve got sort of the double-whammy of a little tiny spacecraft that’s really not that massive hitting on basically the day side of Saturn. So it’s unlikely, but it’s definitely worth looking," Spilker told Business Insider. "It’s gonna be tough, but I’m hopeful."

SEE ALSO: Stunning photos that prove you’re a stowaway on a tiny, fragile spaceship

DON’T MISS: Why NASA’s twin Voyager probes may be the last evidence of humanity’s existence

Join the conversation about this story »

NOW WATCH: The 5 biggest discoveries from NASA’s Cassini spacecraft that changed our view of space

from SAI

JPMorgan Goes In On Bitcoin: Kolanovic Asks “Are Cryptocurrencies A Pyramid Scheme?”


One day after Jamie Dimon slammed bitcoin, sending its price reeling after he called the cryptocurrency "fraud", warning it "won’t end well", and threatening to fire any JPMorgan trader caught trading bitcoin "for being stupid" (a move some dubbed diplomatic genius as JPM’s 20% guide down in trading revenues got zero mentions yesterday) JPMorgan has released its unofficial guide on bitcoin. While that was perhaps to be expected as we are confident the bank was flooded with phone calls from clients who were long the best performing asset class of the year, if not decade, what is much more surprising is who the author of said report was: none other than JPM’s notorious quant guru, Marko Kolanovic, who simply asks "are cryptocurrencies a new asset class or a pyramid scheme?"

While we know how Jamie Dimon feels, Kolanovic’s conclusion is less draconian, if mostly along the skeptical lines of his boss’ thinking: "While we don’t know whether the price of cryptocurrencies will go up or down in the near-term, the history of currencies, governments and financial fraud tells us that the future for cryptocurrencies will likely not be bright."

Here is the full report from JPMorgan:

Are Cryptocurrencies a New Asset Class or a Pyramid Scheme?


What are Cryptocurrencies? Recently, a number of sell-side market strategies and researchers opined on the merits of investing in Bitcoin and other cryptocurrencies. Some went as far as introducing price targets and making relative value calls on cryptocurrencies vs. other asset classes. The number of cryptocurrencies now existing is in the hundreds (~$150bn total assets), and there are dozens of cryptocurrency hedge funds launched (e.g. here). Developments arounds distributed ledgers and the concept of digital currencies are fascinating from a technological point of view. It is likely that some of these technologies will become very valuable. The supply of cryptocurrencies is not controlled by central banks, and they can be used to avoid capital controls, enable tax evasion, or fund transactions on the dark web. As such, cryptocurrencies may ideologically appeal to proponents of small government (however, a paradox is that distributed ledger technology in principle enables unprecedented centralized access to the digital records of any and every transaction).


In this note, we want to highlight the risks of cryptocurrencies. Cryptocurrencies cannot be reliably valued and they have significant ‘tail risk’ that could come in the form of a regulatory ban. Moreover, the whole cryptocurrency market exhibit some parallels to fraudulent Pyramid schemes.


Are they Currencies? Currently, there are few legitimate reasons to use cryptocurrencies apart from speculation (e.g. any transactions can be done electronically in country currencies such as USD, EUR, etc.). The claim that cryptocurrencies have lower transaction costs is inaccurate as an asset’s transaction cost is almost always driven by its volatility rather than processing fees (e.g. bitcoin volatility is ~100%, or ~15 times the average currency volatility). Valuing cryptocurrencies as traditional currency is not possible as there are no underlying ‘economy’ to assess supply/demand for its goods and services, there is no fundamentally driven inflation, there are no ‘rate differentials’, etc. Perhaps more importantly, there is no organized power behind this currency to e.g. ensure its long term viability, secure trade, enforce its convertibility into other goods and services, or provide investor fraud protection.


Are they Commodities? Of course, having a government behind a currency is not a guarantor for its survival. In fact, on a long enough timeline, all currencies that were not made of a valued  commodity such as gold or possessed exceptional artistic value and rarity became worthless. Should one look at cryptocurrencies as an alternative to Gold rather than country backed currencies? While there is no government to back up either gold or cryptocurrencies, gold has a track record of outliving governments and being use as a store of value going back to the beginning of civilization (at least ~7,000 years). Unlike gold, cryptocurrencies are not engrained in human psychology and backed up by the longest possible backtest. The claim of scarcity of cryptocurrencies via specific code implementation that limits their production is bogus as well. There is no scarcity as virtually anyone can create a new cryptocurrency, and existing algorithms can be modified (e.g. hard forks) to increase the amount of cryptocurrencies.


Can they ‘Default’? If the use of cryptocurrencies were to increase to an extent that they start competing with traditional ‘country’ currencies (e.g. start interfering with the ability of central banks to control money supply, governments to collect taxes, impose sanctions or capital controls, etc.) they would be quickly regulated or outlawed. While similar attempts were made historically on the use of precious metals, cryptocurrencies don’t have multi-millennial track record and place in human history to ensure survival. Even if the cryptocurrencies don’t threaten governments’ primacy on monetary issues, their use may be irritable enough (e.g. avoiding capital controls, evading taxes, dark web, etc.) to prompt a government crackdown. We are already seeing this with recent developments from China and this trend is more likely to continue.


Are they Pyramid Schemes? another worrying aspect of cryptocurrencies are some parallels to fraudulent pyramid schemes. Initiator of a pyramid scheme often ensures ownership of a disproportionally large share of future profits. For instance, in the case of bitcoin, it is believed that an unknown person (or persons) known as ‘Satoshi Nakamoto’, before disappearing, mined the first 1-2M coins or ~10% of the coins that will ever exist ($4-8bn USD current value).  While initial mining requires a negligible effort, the benefits for subsequent participants start diminishing. Mining becomes progressively more difficult, and eventually unprofitable, marking the likely end of a scheme. A way around this in Pyramid schemes is to bypass the original chain and start a new one of your own. The cryptocurrency analogy would be to start a new coin if it is more profitable than mining the existing one. This can work as long as there are enough willing and uninformed buyers.


While we don’t know whether the price of cryptocurrencies will go up or down in the near-term, the history of currencies, governments and financial fraud tells us that the future for cryptocurrencies will likely not be bright.

from Zero Hedge

Do You Trust What JP Morgan CEO Says About Bitcoin?


Via The Daily Bell

JP Morgan CEO Jamie Dimon commented that he thinks Bitcoin is a fraud, and that “it will eventually be closed.”

CNBC continues its amazing economic news coverage with his interview.

Yes, the CEO of a major financial institution thinks Bitcoin will be “closed.”

Look, however unlikely, it is possible that the Bitcoin price goes to $0. It is not, however, anywhere within the realm of possibilities that the crypto-currency will be “closed” as Dimon put it.

This is because there is nothing to close. It is not a business. It is not owned by anyone except a vast and disunited network of Bitcoin miners and those who own Bitcoins.

So again, miners could conceivably shut off their computers. People who hold Bitcoin could conceivably sell off at such a rate that the price crumbles. But no one can “close” the cryptocurrency.

If you listen to his complete remarks, what he seems to mean is that governments will crack down on Bitcoin when it becomes too popular.

“Wait until someone gets hurt, or wait until it is used for illicit purposes–which it is somewhat used for illicit purposes–[governments] will close it down.”

Governments can shut businesses down, but they cannot shut Bitcoin down. It is too decentralized. They can make it illegal to buy, sell, or trade, Bitcoin, like China did. And yes, that had an impact on the price. But that is not the same as shutting it down.

That is shutting it down in the same sense that the U.S. government shut down liquor sales during prohibition. They didn’t. But they did increase corruption, give rise to organized crime, and allow some people to get rich off the black market for alcohol.

So why listen to this guy? Because he is the CEO of JP Morgan? So he has had some success in trading and manipulating fiat currency. Should we believe him that Bitcoin is a “novelty”?

History has some hilarious examples that show we should take these predictions with a grain of salt.

1903: “The horse is here to stay but the automobile is only a novelty – a fad.” — President of the Michigan Savings Bank advising Henry Ford’s lawyer, Horace Rackham, not to invest in the Ford Motor Company.

But even a broken clock is right twice a day. Dimon correctly sees the benefit of crypto-currencies for people living under oppressive governments. The Daily Bell has previously reported on a Bitcoin funded escape from Venezuela.

“If you were in Venezuela or Equador or North Korea you’re better off probably using Bitcoin than using their currency. That can’t possibly be true in the United States, unless you’re speculating. And that isn’t a reason to say something has value. Because other people are gonna speculate. That’s tulip.

What he’s referring to is the Tulip Mania. Prices for the bulbs of the newly introduced flower skyrocketed in the Netherlands in 1636. Everyone wanted to get in on the rising prices, and rampant speculation sent the price even higher. But then the price collapsed, because people weren’t buying tulips for the flowers, they were only buying tulips for the speculative potential.

There is some element of truth to this for Bitcoin today. In many cases, people are buying the crypto-currency not to invest long term, nor as a hedge, nor as an actual medium of exchange. It’s the promise of making a few quick bucks due to the price fluctuation.

The difference is that some people actually are using Bitcoin as a medium of exchange. As Dimon points out, some of this commerce is illicit. But that should only lend more credence to the fact the currency is useful. As long as governments will push certain things onto black markets, there will be an incentive to use an alternative to their currencies as well.

Some people thought that cars had little practical application, and that the internet was basically a useless toy. In the early stages, they were right, but they couldn’t see the future potential.

Dimon went on to say “[Bitcoin] is just not a real thing, and eventually, it will be the emperor with no clothes.”

But what then is the U.S. dollar? What is the entire banking industry which Dimon and JP Morgan represent?

This is what is so aggravating about people who are always trying to save us from ourselves. He says the government would shut Bitcoin down when someone gets hurt, like they are going to protect the consumer from shady financial transactions.

JP Morgan received a government bailout after participating in shady loans and being reckless with deposits. The U.S. dollar is the biggest scam in currency, propped up only by its acceptance and U.S. might.

Talk about an emperor with no clothes! The whole financial system could collapse if one kid yells, “He’s naked!”

And that is when Bitcoin would be quite the asset to hold.

from Zero Hedge

How to Streamline Your Creative Operations [Infographic]


Creative teams are always on the cutting edge of fashion… what with all those different hats they wear.

Team leads are not just coming up with concepts but also coordinating with various teams throughout the business, managing employees (in-house, remote, and freelance), tracking results, and, oh yeah, making sure all the creative work gets done on time.

It’s enough to make anyone’s head spin. The right tools can help, but 73% of teams do not even have proofing software to collect feedback, according to an infographic by digital asset management company Widen.

And yet, creative teams are growing. Over two-thirds of full-time teams increased in size from 2015 to 2016, and one-third plan to increase team size this year.

But rapid growth without the right setup can leave creative teams lacking, and 72% of creative leads say they do not have enough time to develop their team members, according to the infographic.

To make sure your creative team is set up for success now and in the future, check out the infographic for more stats and tips. Click or tap to see a larger version.


Laura Forer is the manager of MarketingProfs: Made to Order, Original Content Services, which helps clients generate leads, drive site traffic, and build their brands through useful, well-designed content.

LinkedIn: Laura Forer

from Marketing Profs – Concepts, Strategies, Articles and Commentarie

Why Relaxing Vacations Should Be at Least Eight Days Long

Photo by KyOn Cheng.

Sometimes a quick vacation is better than nothing, but if you can swing it, try for at least eight days. Research suggests you need at least that much time to truly unwind and feel refreshed.

The research, published in the Journal of Happiness Studies, suggests that your feelings of happiness and personal well-being rapidly increase as soon as you take that break from the rat race. Then, your relaxation and positive vibes peak on day eight of your getaway, maximizing your feelings of contentment. After that, your enjoyment slowly fades away until day 11, where you’re likely to experience a severe drop-off—maybe due to a bit of homesickness or even boredom. Why day eight? They think that’s how long it takes someone on average to forget and let go of all of their work responsibilities and stress.


Unfortunately, the study also suggests that how long you’re away doesn’t have a huge affect on your happiness after the fun is over. Whether you’re gone for at least eight days or not, those happy-go-lucky effects will likely fade away after just one day of being back at work. You might still feel refreshed, of course, but your mind is quick to snap back to reality when it realizes vacation mode is over.

Still, the researchers suggest it’s a good idea to book a vacation somewhere in the range of seven to 11 days. And try to make day eight the most relaxing of all to reap the maximum benefits. Furthermore, the researchers recommend you take multiple, evenly-spaced vacations of this length a year, as opposed to using all of your vacation time at once. The more opportunity you can give yourself to recharge the better.

from Lifehacker

The most futuristic feature in the iPhone X sounds like a big security headache (AAPL)


iphone x face id

One of the standout features in the high-end iPhone X, which Apple revealed on Tuesday, is Face ID.

Since the iPhone X is the first iPhone without a home button, you can’t use your fingerprint to unlock your phone. Instead, the iPhone X projects 30,000 invisible dots on your face and analyzes them to authenticate your identity — and it all happens in milliseconds.

Unfortunately, you can see how people might take advantage of this.

In the demo area following Apple’s event, people got their first glimpse at how Face ID actually works on the iPhone X. But since attendees couldn’t register their faces to these demo iPhones, all the attendees used nearby Apple employees to unlock the iPhone X, using their faces. An attendee could just flash the iPhone at an Apple employee’s face to unlock the phone – as long as the employees eyes were open and looking at the phone, even for just a moment, the phone would unlock.

Apple iPhone XThat seems like a potential problem.

Imagine sitting in a bar with your friends one night, and your new iPhone X is sitting on the bar counter near your drink. Then, imagine someone else — maybe a friend, maybe a thief — quickly grabbing your iPhone X, flashing it in front of your face so it unlocks, and then running out the door. That doesn’t sound like fun!

Here’s another scenario that The Verge recently brought up: What happens if you’re arrested for some reason, and police want to access your phone? The Fifth Amendment, which protects people from being compelled to testify against themselves, does protect keycodes like the 4- to 6-digit passcodes on the iPhone — which is still an option in the iPhone X — but it doesn’t protect this kind of facial unlocking feature or Apple’s TouchID fingerprint scanner. And so, at least from a legal perspective, a digital passcode is still more "protected" than Face ID and TouchID.

Still, Face ID is an exciting new feature, and considering how most customers will choose to use it instead of a digital passcode, Apple will almost certainly come up with solutions to some of these issues to ensure people can’t just swipe your phone, scan your face, and run off with it. Still, it’s easy to see how people could take advantage of this new system — either to prank people, or to rob them, or worse, potentially.

SEE ALSO: 13 things everyone is going to love about iOS 11

Join the conversation about this story »

NOW WATCH: Fired Google engineer says his memo actually empowered women

from SAI

The Mona Lisa Effect – How to Create the Perfect ICO Whitepaper


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from Finance Magnates

‘Jamie Dimon doesn’t have the strongest track record when it comes to looking over the hill’: Bitcoin community reacts to JPMorgan CEO’s comments


jamie dimon

Bitcoin enthusiasts have reacted with anger and derision at JPMorgan CEO Jamie Dimon’s claim that the cryptocurrency is a "fraud."

Dimon told a conference on Tuesday that bitcoin and the recent popularity of cryptocurrencies more generally are "worse than tulip bulbs" — referring to a notorious market mania in the 17th century that is now synonymous with bubbles.

He also said he would fire any JPMorgan trader he saw trading bitcoin, calling them "stupid," and "dangerous."

Bitcoin’s price dipped after Dimon made the comments, but proponents of the digital currency have since come out swinging, playing down the significance of the comments and casting doubts on Dimon’s track record.

"Jamie Dimon doesn’t have the strongest track record when it comes to looking over the hill and generally you can’t teach old dog new tricks," Charles Hayter, the CEO and cofounder of CryptoCompare told Business Insider.

"Naturally, his comments have generated ire from the crypto community as they have jumped to the defence of their project and beliefs."

Many in the cryptocurrency community have tried to undermine the authority of Dimon’s comments by highlighting the fact that his bank recieved a government bailout during the financial crisis. The implication appears to be that Dimon was unable to avoid crisis then so does not have the authority to make predictions about the bitcoin market.

 Hayter highlighted a comment from one CryptoCompare user, ZoidbergPhD, on its forum accusing Dimon of "hypocrisy." 

Mati Greenspan, an analyst at eToro, a trading company that offers a crypto tracking fund, said in an email on Wednesday morning: "This attack on Bitcoin from Dimon is somewhat strange given the level that JPMorgan has embraced and invested in blockchain technology.

"Not only are they heavily involved in the Hyperledger project, they have also started to develop their own Ethereum like blockchain called Quorum."

However, Hayter added: "To be fair Dimon is right to highlight some of the fallibilities of Bitcoin in its nascent state."

Despite anger among many bitcoin enthusiasts, Dimon’s comments have been felt in the price of the crypto currency. Bitcoin is down over 7% against the dollar at just after 12 p.m. BST (7 a.m. ET), as the chart below shows:


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NOW WATCH: TECH ANALYST: There’s one business driving Apple’s growth, and it’s not the iPhone

from SAI

The iPhone X leaves a home button-shaped hole in my heart


The first thing I do every morning is roll over, reach over to my nightstand, and frantically grapple at my phone to stop the alarm from going off. To do so, I instinctively mash the home button several times, with my head still face down on my pillow. Oh sure, I know that I could just hit the Stop button on the touchscreen to turn the offending sound off, but I’m much too groggy at that time to do anything beyond what feels the most instinctual — pressing a physical button.

Now, with the iPhone X, that option appears to be going away. Instead of pressing a button to unlock your phone, you’ll be swiping up from the bottom of the screen. This triggers a cascading window of apps to appear, which you have to drag down and flick away to get to the home screen. According to Senior Mobile Editor Chris Velazco in his brief hands-on with the device, he found it incredibly natural to use, despite the fact he’s been using an iPhone for years.

I don’t doubt his experience, but color me skeptical. I’ve also been an iPhone user for years — ever since the iPhone 3G — and I’m not convinced touchscreen gestures will ever replace the convenience and the practicality of a home button. For one thing, having to swipe up and then swipe again to get to the homescreen doesn’t sound like it’d be much faster than a single button press.

And then there’s the issue of Touch ID going away. Instead of using fingerprint sensors to unlock your phone, the new iPhone X will use Face ID, a facial recognition system that uses a combination of infrared light, the phone’s front-facing TrueDepth camera and specialized neural networks to authenticate your identity. According to Apple, this is a far more secure way of locking your phone. It states that while there’s a 1 in 50,000 chance for someone to steal your Touch ID phone, the chances drop to one in a million with Face ID.

I’ll concede that it does seem pretty cool that you can just look at your phone to unlock it. However, this also requires you to have the phone in front of you. I know for me, I often unlock the phone in my pocket before I even bring it up to my face to look at it, just so I have it ready to go.

There are also times when I need to unlock my phone when it’s charging — in order to install updates, for example — and I reach out to where my phone is sitting on its dock to press the button. When I’m cooking and constantly referring to a recipe on my phone, I like being able to unlock the phone without picking it up — I just touch my thumb on the button to bring it up again. Sure it won’t take that much longer to hover my face over the phone for Face ID, but there’s something about being forced to look at my phone to unlock it that strikes me as needlessly annoying.

Then there’s the issue of using it for Apple Pay. In the demo Craig Federighi did on stage, he had to press the side button twice, look at the phone and then place it on the terminal for Apple Pay to register. Right now, all I have to do get Apple Pay to work is to put my phone on the terminal with my thumb over the home button. It’s unclear if the side-button press is necessary in all instances of Apple Pay, but if it is, that sounds like a small nuisance as well.

These minor pet peeves aside, the main reason why I hold the home button dear to my heart is its simplicity. You press it to do everything — to unlock your phone, to pay for things, to get back to the home screen after watching YouTube for far too long, to turn off the alarm, to trigger Siri and to get out of a crashed app. There’s something comforting about a tactile physical failsafe button that no fancy soft touch gesture could ever replicate.

When Apple got rid of a tactile home button and replaced it with a haptic version for the iPhone 7, I was unnerved for a few days, but adjusted. When I found out the iPhone 7 didn’t have a headphone jack, I was incredibly annoyed (and still am to an extent), but I learned to live without it. And I know, that if I used the iPhone X for a few days, I’ll eventually get used to not having a home button too.

But a home button wasn’t a problem that I needed to be solved. For extra screen real estate that I never asked for. Of course, there’s always the option of the iPhone 8 for those who want a new phone and still desire a home button. And we really don’t know if the button-less design of the iPhone X will trickle down to the rest of the line. And yes, when push comes to shove, I’ll probably get used to not having that button. But I’d miss it all the same.

from Engadget