Think Forward.

Business

A formal Definition of Stealing

Tariq Daouda, 2 mon.
One of the basic rules of economy is that value is created by exchanging (not by printing money). ---- ==Lets imagine a simple example:== Person A has lots of pens. For them a pen is only worth 1$, a sheet of paper, however is worth 4$. Person B has a lot of paper for them a sheet is only worth 1$, but a pen is a valuable item worth 4$. Person A wants a sheet and Person B wants a pen. They decide to exchange A gives a pen to B and, B gives a sheet of paper to A. At the end of the exchange, both have lost 1$ of value, but got 4$ in return, meaning that they have made 3$ of value each. A total of 6$ of value has been created by the exchange. ---- Now lets look at what happen during theft. When something is stolen, no exchange happenes between the parties, therefor no value has been created. In fact for society as a whole the yield is negative, as the thief had to spend energy (value) to get what he wanted. So although he enriched himself, he also made everybody poorer. We can consider this a definition of stealing: A transfer of goods that results in a negative creation of value. The same is true, to a lesser degree, when one of the parties cheats the other by providing an item that is less valuable than previously thought. Like a pen that does not write.

Can You Become a Millionaire by Working on Venom? Yes!

Anas Bedraoui, 2 mon.
1 min read.
The idea of becoming a millionaire might conjure images of tech startups, real estate investments, or Wall Street. But working with venom can be your ticket to wealth, thanks to its significant medical and commercial potential. ---- Venom, produced by creatures like snakes, spiders, and scorpions, is a complex mixture of proteins and peptides. These toxic cocktails hold incredible potential for medical applications, creating a profitable intersection of nature and science.---- Venom-derived drugs have made significant impacts in medicine. For instance: - Captopril, derived from the Brazilian pit viper's venom, generates over $1 billion annually in revenue. - Prialt, a painkiller from cone snail venom, can cost up to $20,000 per year per patient. ---- The pharmaceutical industry constantly seeks new compounds for effective treatments. Venom-derived substances are particularly appealing, leading to substantial investments in research and development. This can result in lucrative patents and partnerships.---- Venom production and farming are other profitable ventures. Companies like Amsaal Venom Farm LLC specialize in producing and distributing venom for research and antivenom production. High-quality venom can sell for up to $5,000 per gram, depending on the species and purity.---- Owning patents on venom-derived compounds is highly lucrative. Licensing these patents to pharmaceutical companies can yield substantial royalty payments. For example, licensing agreements typically offer 3–5% royalties on net sales. A successful drug generating $500 million annually could provide $15-$25 million in royalties.---- Imagine discovering a new venom-derived compound that becomes a best-selling drug. With an annual revenue of $1 billion and a 3% royalty, you could earn $30 million per year. Alternatively, running a venom farm producing 100 grams of high-quality venom per year could generate $500,000 annually, assuming a $5,000 per gram price.

Artificial Illusion: The Hype of AI - Part 1

Anas Bedraoui, 3 mon.
I personally see AI as a hype that will slow down with time. Nowadays, people include AI in their projects to seize opportunities. For example, if you have a failing business, just add the word AI and you might attract investments. If you're doing research, switch to AI or include a part of it, even if it's not necessary, and you may receive funding. AI is becoming a buzzword, and if you believe it's not, you might get frustrated. You might feel unworthy as a human and worry about being replaced by a robot that lacks emotions, creativity, and the incomparable qualities of the legendary creation: humans. As I mentioned in a previous opinion article, "Just use AI in your speech and you'll sound fancy." This trend has permeated many sectors. I’ve had conversations with CEOs of startups that claim to use AI for groundbreaking innovations :). When I asked them simple questions about the models they used, the reasoning behind their choices, and the specific applications, they would talk broadly about AI—just AI, yes AI, and that’s it. It's reminiscent of the old saying, "Fake it till you make it," but with a modern twist: "Artificial Illusion." As Mark Twain once said, "It's easier to fool people than to convince them that they have been fooled." This seems particularly true in the world of AI hype. The enthusiasm for AI has led to a phenomenon where merely mentioning it can lend credibility and attract resources, even when the actual implementation is minimal or superficial. This trend not only dilutes the genuine potential of AI but also risks disillusioning stakeholders who may eventually see through the facade. True innovation requires substance, not just buzzwords. If Shakespeare were alive today, he might quip, "To AI, or not to AI, that is the question." The answer, of course, is that while AI has its place, it’s not the end-all and be-all. We should remember Albert Einstein's wise words: "Imagination is more important than knowledge." AI lacks the imagination and creativity that humans bring to the table. The real secret to success isn’t in the latest tech jargon, but in honest, hard work and genuine innovation. So next time someone dazzles you with their AI-powered business model, just remember: A little skepticism can go a long way. Or as George Bernard Shaw put it, "Beware of false knowledge; it is more dangerous than ignorance."

I Spent 7 Days in Singapore... My Life Changed, Here is Why

Anas Bedraoui, 4 mon.
Spending a week in Singapore was an unforgettable experience that left a lasting impact on my life. From the moment I arrived, I was captivated by the city's unique blend of modernity and tradition, its vibrant culture, and its cutting-edge innovation. Here are the key moments and discoveries that made my stay transformative. Day 1: A Fusion of Cultures Singapore is a blend of various cultures, and this was immediately evident. Wandering through neighborhoods like Chinatown, Little India, and Kampong Glam, I immersed myself in diverse traditions, cuisines, and architectures. Each area told a story of the people who have made Singapore their home. In Chinatown, I visited temples and savored street food while chatting with local shopkeepers (mainly in Chinese Mandarin) who shared the history of their businesses. Little India dazzled me with its colorful markets and the aroma of spices, where I learned about Indian festivals and rituals from friendly vendors. Kampong Glam, with its vibrant street art and the majestic Sultan Mosque, offered insights into Malay culture. This cultural immersion made me feel connected to the global community, appreciating the rich traditions that coexist harmoniously in Singapore. Day 2: A Green Oasis in a Concrete Jungle The Gardens by the Bay was a highlight of my trip. The futuristic Supertree Grove and the serene Cloud Forest left me in awe of how Singapore harmonizes nature with urban life. I spent hours exploring the lush landscapes, marveling at the diversity of plant species. A gardener I met shared stories about the meticulous care and effort that goes into maintaining these green spaces, emphasizing Singapore's commitment to sustainability and green living. This encounter inspired me to think more about how I can incorporate eco-friendly practices into my daily routine. Despite the city's strict rules, which made finding a smoking area a bit of a challenge, I appreciated the clean and green environment that these regulations help maintain. Day 3: Innovation and Inspiration Attending the 22nd World Congress of the International Society on Toxinology was the primary reason for my visit. Here, I had the honor of presenting my research and engaging with some of the brightest minds in the field. Conversations with researchers like Pr. Jan Tytgat and Pr. Manjunatha Kini opened my eyes to new possibilities in my work. Their innovative approaches and groundbreaking discoveries reignited my passion for scientific research. The congress was held at the National University of Singapore (NUS), and I was struck by the beauty and modernity of the campus. NUS, with its state-of-the-art facilities and vibrant academic atmosphere, stands as a testament to Singapore's commitment to education and research excellence. Day 4: Culinary Adventures and Unexpected Encounters Singapore's food scene is legendary, and I made it a mission to try as many local dishes as possible. From hawker centers to high-end restaurants, each meal was a culinary adventure. Trying dishes like Hainanese chicken rice, laksa, and chili crab expanded my palate and appreciation for the artistry of food. At a late-night food stall in Newton Food Centre, I struck up a conversation with a group of construction workers who shared their experiences and struggles. Their stories of hard work and resilience left a lasting impression on me, highlighting the human side of Singapore's rapid development. Despite the strict laws, the city felt incredibly welcoming and orderly, contributing to its reputation as a clean and safe destination. Day 5: A Glimpse into the Future and a Brush with Reality A visit to the Singapore Science Centre and Fusionopolis showcased the country's commitment to technological advancement. The innovations in AI, biotechnology, and sustainable development were impressive and motivating. Seeing these advancements firsthand made me more enthusiastic about the potential of my own research in AI for drug discovery. Later that night, while exploring Geylang, a less-touristy part of town, I had an unexpected encounter with a group of youths who shared tales of their tough upbringing and the challenges they face. This stark contrast to the city's polished exterior added a layer of depth to my understanding of Singapore, showing that even in a seemingly perfect city, there are stories of struggle and resilience. Day 6: Reflection and Growth On my penultimate day, I took some time for personal reflection at the serene East Coast Park. The peaceful environment provided the perfect backdrop to contemplate my experiences and the new insights I had gained. A local fisherman I met there shared his life philosophy, emphasizing the importance of balance and mindfulness. This interaction made me realize the importance of balancing professional aspirations with personal well-being. The warm, tropical weather, although humid, added to the overall tranquility of the park. As I sat by the sea, watching the ships go by, I felt a profound sense of calm and clarity, understanding the need to find harmony in life. Day 7: Farewell with a New Perspective As my time in Singapore came to an end, I felt a profound sense of gratitude. The city's spirit of innovation, cultural richness, and commitment to sustainability had left an indelible mark on me. I was especially struck by the friendliness and honesty of the people. Everywhere I went, locals were ready to help, whether it was giving directions or sharing their stories. Unlike many other cities, I didn't encounter any scammers or beggars, which added to the sense of safety and trust. I returned home with a renewed sense of purpose, inspired to incorporate the lessons I learned into my everyday life and research. My seven days in Singapore were more than just a trip; they were a series of experiences that changed me. This dynamic city showed me the power of diversity, the importance of innovation, and the value of sustainability. My interactions with people from all walks of life, from researchers to laborers to those on the fringes of society, gave me a more nuanced perspective. My life was changed in ways I never expected, and I am eager to see how these experiences will shape my future.
linkedin.com/in/anas-bedraoui-21...

How Many Scorpions Do You Need To Make $100,000 Annually?

Anas Bedraoui, 5 mon.
Starting a business in the specialized field of scorpion venom extraction can seem appealing because of the high prices that medical and research industries pay for this potent substance. However, making a lucrative income from milking scorpions is more complex than it might initially seem. I personally believe that understanding the numbers and logistics is essential before entering this unique venture. Understanding Venom Value Firstly, it’s important to acknowledge the market value of scorpion venom, which is among the most expensive liquids by volume. Depending on the species and the quality of the extraction, the venom can fetch anywhere from $8,000 to $12,000 per gram. The high cost is due to the venom’s use in medical research, including cancer treatment studies and antivenom production, making it highly sought after in specific scientific communities. Practical Yields and Species Considerations Not all scorpions are created equal when it comes to the value of their venom. Species like the Deathstalker (Leiurus quinquestriatus) are particularly coveted due to their potent venom, which is rich in compounds useful for medical research. However, even with a valuable species, the amount of venom each scorpion produces is minimal — typically around 0.5 to 2 milligrams per milking session, and you can safely milk them about twice a month. The Math Behind the Venom Let’s break down the numbers. To set a realistic income goal, suppose you aim to make $100,000 annually from venom sales. Assuming you can sell the venom at an average price of $10,000 per gram, you would need to produce 10 grams of venom each year. Since 1 gram equals 1,000 milligrams, you would need a total of 10,000 milligrams of venom annually. Each scorpion might give you 1 milligram per milking, and if milked twice a month, that’s 24 milligrams per scorpion per year. To meet your income goal, you would therefore need about 417 scorpions. This figure highlights the scale of what might initially seem like a small operation. Considerations and Challenges Beyond just the numbers, there are significant challenges and considerations in setting up and running a scorpion venom extraction business: Setup and Ongoing Costs: Initial costs can be quite high, as specialized equipment and facilities are needed to house and safely milk scorpions. Legal and Ethical Issues: There are often stringent regulations governing the use of animals for commercial purposes, including licensing and welfare considerations. Market Demand and Stability: The market for scorpion venom is niche and can be volatile. Establishing reliable connections within the industry is essential for success. Personal Thoughts I personally think that while the potential for high income is alluring, the scorpion venom extraction business requires a deep commitment and a robust understanding of both the science and the market. It’s not merely about having a large number of scorpions; it’s about creating a sustainable and ethical operation that can consistently produce high-quality venom in a market that is inherently limited and highly specialized. Feel free to reach out if you’re interested in starting this business!
linkedin.com/in/anas-bedraoui-21...

Accelerating Team Human

Brad Ovitt, 5 mon.
As the solar eclipse moved across America today, there was a timer. Maybe nobody was watching it, but it was there. I created it. At the moment of eclipse totality a job search site called Blackflag was quietly released with the hope of improving the way teams are built. One small step in a larger mission to change the role technology plays in the evolution of our society. One small step in a larger mission to accelerate team human. It's a vague and ambiguous mission for a reason. Much talk has been made recently over accelerationism philosophy. For example, Effective Accelerationism (e/acc) is a philosophy of maximizing energy consumption and compute by exponentially improving technology to improve society. In response there has been debate over the increasingly negative impact technology has on society and some have asserted humanism. I think it's an interesting commentary because, while there have always been those who imprint virtues to actions, if ethics is how to act, the introduction of technology and deemphasis of the human condition on ethics is an almost formulaic way to calculate the demise of team human. Modernism symbolizes either Leviathan or "god is dead." What do you call the intersection of science, technology, and society? There is science, which we consider rigorous thought. Then there is technology, which is the application of science. Technology is in direct contrast with our relativistic field of social studies. The relationship between society and technology is unclear, but clearly present. Of course, if I were not a technologist, I would not be building technology. Perhaps to more aptly summarize: the mission of Blackflag is to expand the the role society plays in technology, while minimizing the interference of technology on society. It is a non-political mission, though it may be seen as ideologically driven to a form of environmentalism and accelerationism. To begin, Blackflag is providing a free publicly-available job search engine that is the start of a larger effort to improve the quality of our organizations and teams. While Blackflag will be a commercial organization, it's symbol and likeness are public domain. * note blackflag.dev will be moved to blackflag.jobs, for which I am awaiting delayed ICANN verification.
blackflag.dev

El Salvador: The most important country you barely hear about

Tariq Daouda, 6 mon.
El Salvador has a significant diaspora, so much that money coming from the US is a major source of income. **Not so long ago you would have been pressed to find a Salvadorian who wanted to go back to El Salvador. Now things seems to be changing.** El Salavador, used to have one of the highest homicide rates in the Americas, now it looks relatively safe. El Salvador showed an interesting strategy. First boost the economy before handling the crime situation. Crime is indeed a part of GDP, albeit a hard one to quantify. Since it is an economic activity, it participates in exchanges and provides people with activities that supports them and their families. Drastically reducing crime has the effect of creating *'unemployed criminals'* people with a skillset that's hard to sell in a traditional economy. El Salvador probably did take a hit to its GDP, but that was compensated by the increase in economic activity and investments. Bitcoin was a big part of that. Bitcoin got a lot of bad press as a technology only used by criminals, or a crazy investment for crazy speculators. These takes failed to understand the technology and it's potential. What Bitcoin offers is a decentralized, fast and secure payment system for free. El Salvador doesn't have to maintain it, regulate it, or even monitor it. All very costly activities that a small country can do without. Bitcoin is a mathematically secure way of payment. In a country where road infrastructures are challenging, Bitcoin offers people in remote areas the possibility to pay their bills without travelling for hours. In a country that was unsafe, Bitcoin offered people the possibility to go out without the fear of being robbed. It also attracted a kind of investors that would go nowhere else. And even if these investment can appear small, for a country like El Salvador it's a big change. The Salvadorian experiment in a freer economy, crypto-friendly and smaller government, in a time of increasing inflation, has a lot of people watching. In a continent that leaned left for so long, this is a big change. My opinion is that there would be no Javier Millier hadn't there been a Nayib Bukele before. Argentina has been a bastion of the left for decades. If the libertarian policies of Millier succeed in bettering the lives of Argentinians, we might be on the brink of a major cultural shift in the Americas and then the world. Argentina is a far bigger country than El Salvador, with far more people watching.

GenZ: The Fiscally Aware Generation

Tariq, 6 mon.
I am sitting at Paul's cafe at the airport en route to Nairobi via Cairo for Applied Machine Learning Days (AMLD) Africa (a wonderful conference, more on that later). **In front of me 4 young males, early 20s, they speak loudly in french as they eat the burgers and fries they bought at another restaurant.** They talk about money. "You have no idea how much money I lose to taxes", says one of them. "40 to 50%! It's a lot of money, I would make so much more without it". He sees taxes not as a net necessary good, as most have been trained to see it, but as any other cost. Interesting, that's not the type of conversations you would expect from someone that young. It's not the first time I hear this type of conversation from GenZs. Why are GenZs becoming more fiscally aware than previous generations? I think it comes down to two factors: - Inflation - The entrepreneurial culture Inflation has hit everybody, for obvious reasons. However one constant with inflation is that it hits the poorest hardest. Young people tend to have less money. But that's not enough to raise awareness about a subject that most consider beyond boring. This brings us to the next point: *The entrepreneurial culture*. As a millennial I witnessed it's burgeoning and blossoming. It started timidly with a few books and blogs, then massive blogs, then best sellers, then YouTube videos and finally podcasts. Not so long ago being an entrepreneur was considered an unwise life choice. Successful people go to work for established companies. Such was common wisdom. However, as the 2008 recession hit and people started to look for more revenue streams, they also discovered the concept that having one's business can also mean more freedom and better financial security. There is however a big difference between the Millennial Entrepreneur and the GenZ Entrepreneur. The Millennial was still uneasy with the idea of making money and as such would speak about *"making a positive impact in the world"*, the GenZ is not burden in this way. You can see the shift in YouTube ads, today it's all bout how much you will make if you buy this or that business course. So whatever online business they start, being it drop shipping or whatever, they tend do it in a money aware way. Starting an online business is a hard, the competition is fierce. Naturally, they try to invest their hard earned money wisely. When the tax bill comes, they see it as it is: an unexpected cost that does not necessarily translate to a better life quality. Nothing is free in this incarnation. Some are not even shy about relocating to fiscally advantageous locations like Dubai and making videos about it. This could be the end of the blissful fiscally unaware generations.