Tag: Predicts

08
Oct
2020
Posted in software

Software predicts the rise and fall of every river on Earth

Software predicts the rise and fall of every river on Earth
BYU civil and environmental engineering professor Jim Nelson at the Provo River. Credit: Jaren Wilkey/BYU

In July heavy rains triggered landslides and floods in Nepal that ultimately killed more than 130 people. As soon as the rain started falling, BYU professor Jim Nelson knew things could get bad.


That’s because the water-modeling software created by Nelson and colleagues from NASA under the Group on Earth Observations Global Water Sustainability (GEOGloWS) Partnership can predict the rise and fall of every river on the face of the planet. And in the case of Nepal, the streamflow forecasts were warning of severe flooding throughout the country.

Fortunately, the predictive models, accessible through the BYU software, made it into the hands of emergency agencies in Nepal, saving many lives in what could have been a catastrophic loss of life.

Nepali officials being able to access this vital information through Nelson’s large-scale visualization hydrologic data services was not a lucky break—it was by design. The models are a key tool in a rapidly expanding initiative from NASA and the U.S. Agency for International Development called NASA SERVIR, whose vision is to bring “Space to Village,” by leveraging satellite-based Earth monitoring, imaging and mapping systems that help people worldwide assess ecological threats and rapidly respond to natural disasters.

“Our tools help directly assess both flood risk and drought risk,” said Nelson, professor of civil and environmental engineering at BYU and principal investigator with the NASA SERVIR Applied Sciences Team. “Most communities around the world live around rivers, so having advanced notice becomes really important. We are providing the information so local governments and agencies can make intelligent, informed decisions.”

SERVIR is up and running in more than 30 countries and includes more than 40 custom tools for local agencies to use in decision making. Web-based satellite

06
Oct
2020
Posted in technology

Bitcoin Market Cap To Hit $1 Trillion By 2022, Blockstream CEO Predicts

KEY POINTS

  • Blockstream CEO Adam Back believes Bitcoin’s market cap will increase by 400% within two years
  • This is in response to another forecast which said Bitcoin will hit that mark by 2025
  • At the moment, Bitcoin is marred by lower volatility

Famed cryptographer and Blockstream CEO Adam Back believes Bitcoin can easily hit a market cap of $1 trillion by 2022, three years earlier than the estimate from investment company Ark.

Ark made news in the past because of its aggressive price prediction for Tesla. Back said Ark’s forecast that Bitcoin would hit a $1 trillion market cap by 2025 was very conservative. “I’d say Bitcoin likely sees a $1 trillion market cap within 2 years, probably sooner,” he said on Twitter.

Back’s message was a response to Yassine Elmandjra, an analyst from Ark Investment Management. Last month, Elmandjra said Bitcoin was in its path to monetization, with substantial appreciation potential. “In our view, Bitcoin’s $200 billion market capitalization—or network value—will scale more than an order of magnitude to the trillions during the next decade,” he said, according to Forbes.

Elmandjra also cautioned that there were a number of factors that could derail Bitcoin’s run, including regulatory uncertainty and over-institutionalization, which, according to him, would result in few parties dominating the transactions. This would destroy Bitcoin’s value proposition.

Bitcoin’s current market cap is around $108 billion. If Back’s prediction is to come true, the market must increase by 400% within two years, Cointelegraph reported, noting that Bitcoin needs to have a price of around $50,000 per BTC to reach a market cap of $1 trillion. On-chain data resource Ecoinometrics tweeted that at $100,000 per BTC, the market cap will be at $2 trillion, the same market cap as that of Apple. “To reach the market cap of gold,