Chief Scientific Adviser in Hooker Cock Up

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A review by the government’s Chief Scientific Adviser into the future of financial technologies has made some astonishing claims about the future of digital cryptocurrencies, such as Bitcoin. Sir Mark Walport warns that they have the potential to replace traditional currency and central banks. But the review’s credibility is somewhat undermined by the assertion that the now defunct online marketplace the Silk Road “used bitcoin for payments for drugs and prostitution.

Just one problem with that claim….

The Silk Road – basically Ebay for drugs – was not compatible with the oldest trade and was never used for prostitution… 


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Quote of the Day

Dr Alexander Kogan, the app developer who originally harvested the Facebook data, said…

“I think what Cambridge Analytica has tried to sell is magic and made claims this is incredibly accurate and it tells you everything there is to tell about you. But I think the reality is it’s not that. If you sit down and you really work through the statistics and you think what does a correlation of point three means, those claims quickly fall apart. And that’s something any person with a statistical background can go and do.”

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