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His research shows that this metric of technological progress is a good indicator of real-world value, but with one significant caveat: It assesses the value of innovation only for publicly traded firms, since there are no stock prices available for an individual, a privately held company, a university, or a government agency.
What Lewis's book demonstrated to me isn't just how "bad" HFTs are per se, but rather, what happens when finance keeps walking down the path it seems to be set on — a path that involves abstracting itself from the creation of real-world value.
You may hear this lack of real-world value referred to as a "skills gap," which is as good a name as any.
The tokens also will eventually be able to be listed on exchanges, which means they could have some semblance of real-world value outside of 21.co's walled garden.
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Today, Ms Smith links to a piece in the Financial Times, in which John Dizard explains:I had wondered if the BDI was truly representative of real-world values, or if it was oversold in the way some credit default swap indices might be.
What gives a shiny metal that doesn't have a whole lot of real utility--outside of jewelry and limited industrial use--any kind of real world value?
If you want proof of the real-world value of basic science research, take a look under the hood of GM's innovative new Chevy Volt.
"Across the board points sold for roughly half of their real-world value on the black market," said Bischoff.
But beyond organizational, boots-on-the-ground mechanics, the straw poll measures precisely nothing of any real-world value (or even political-world value, for that matter).
The only rational reason to give away tens of millions of dollars of virtual currency that has real-world value is to juice the market and get people who have Kindles spending more money on apps and in-app purchases.
They have become a virtual currency, with rare items attaining a real-world value of thousands of pounds.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com