The company is "recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its gigantic social network." And the Journal suggests that the project "threatens to upend the traditional, lucrative plumbing of e-commerce and would likely be the most mainstream application yet of cryptocurrency." [...]
Facebook has reportedly already talked to Visa, Mastercard, and payment processing company First Data Corp., and it is allegedly seeking a $1 billion investment in the project. Facebook has also been talking to e-commerce platforms and other companies about accepting its cryptocurrency, once it exists.
As the Journal surmises, Facebook is likely looking to do with payments what it's already done with sign-ins -- creating a module that can be placed on sites all over the web. "Facebook aims to burrow more deeply into the lives of its users," the Journal writes.
By 2014, the hardware components of a DIY artificial pancreas -- a small insulin pump that attaches via thin disposable tubing to the body and a continuous sensor for glucose, or sugar, that slips just under the skin -- were available, but it was impossible to connect the two. That's where the security flaw came in. The hackers realized they could use it to override old Medtronic pumps with their own algorithm that automatically calculates insulin doses based on real-time glucose data. It closed the feedback loop. [...]
Dozens, then hundreds, and now thousands of people are experimenting with DIY artificial-pancreas systems -- none of which the Food and Drug Administration has officially approved. And they've had to track down discontinued Medtronic pumps. It can sometimes take months to find one. [...]
Even with these new options, DIY looping is still on the margins of the official health-care system: It means going overseas to buy pumps not yet approved in the United States. It means testing an experimental version with Omnipod. And in most cases in the United States, it's meant finding old, out-of-warranty Medtronic pumps. Loopers with Medtronic pumps told me they worried their decade-old devices might break, and they'd have no way to fix them.
Here's the timeline of the interviews and demos, in case you wanna skip around to your favorites:
- 0:02:20 The Dude Imbibes
- 0:04:05 Shock Bot
- 0:05:28 Kamikaze Blaster (Second Place Winner!)
- 0:07:45 PenguinGuyCool92 (First Place Winner!)
- 0:08:46 TikiTron (Third Place Winner!)
- 0:10:50 N. E. BREE-8
- 0:14:12 Tikitron again
- 0:14:44 Booze Vaporator
- 0:15:55 The Tea Engine
- 0:18:02 Whiskeyball
- 0:21:20 Steve the Bartending Robot
- 0:23:17 Our judges: Hep Svadja, Tomas Puig, Jillian Ogle, Doug Dalton
The sixth annual Cocktail Robotics Grand Challenge is coming up on Sunday, July 21, so please get your robots ready and sign up! (I know it's early, but we've only had one robot officially sign up so far. Don't leave me hanging...)