My Stories

  For those unfamiliar with this 1972 report, "The Limits to Growth" report is a pioneering study commissioned by the Club of Rome and executed by MIT researchers. It leveraged the World3 model to forecast the repercussions of exponential growth against the backdrop of finite resources. It warned that if population, industrialization, and consumption trends persisted without policy change, a collapse of environmental and economic systems could occur within a century. This groundbreaking work proposed that achieving a global equilibrium—where resource consumption aligns with renewal rates—was feasible through significant behavioral and policy reforms, aimed at stabilizing growth and leveraging technology for resource efficiency. However, it cautioned against the continuation of the status quo, predicting resource shortages, increased pollution, and a decline in living standards if no action was taken. The enduring influence of the report is its foundational role in the sustain...

  Authors: Igor Arsenin and Arturas Vaitaitis Can Crypto Find a Purpose? A Blockchain Approach to Optimizing Neural Networks As training ever-larger transformer-based models encounters diminishing returns, a novel blockchain protocol could advance AI by emphasizing the optimization of neural network architectures, harnessing the decentralized computational power of blockchain technology. The innovative protocol would replace arbitrary decryption tasks in the proof-of-work concept with a focus on enhancing benchmark scores of AI models on standardized datasets, utilizing interfaces like the Open Neural Network Exchange (ONNX) protocol to define architectures. The economic potential of blockchain technology could draw a diverse range of players into the field, sparking a competitive drive for the development of more efficient and effective neural networks, potentially giving blockchain a purpose beyond digital currency while democratizing the field of AI. The remarkable progress in l...

 China most incredible economic stratospheric economical rise is nothing short of economical miracle of 2021. A prevailing view among economists [2] is that much of China's rapid economic growth can be attributed to two main factors: large-scale capital investment by both large domestic savings and foreign investment and rapid productivity growth. The two factors happened concurrently and created mutually amplified effects, rapid productivity lead to more investments, which led to more productivity gains. Besides economical growth, both factors contributed to the largest social transformation resulting China lifting more than 100 million citizens from poverty and resulting in a mass movement of people from impoverished rural areas into metropolitan sections of the large cities.  This article expresses quite different point of view with different foregoing conclusions about why this incredible growth happened and what is going to follow. In my opinion, both contributing factors...