We’re BACK with Failed Tech & Blockchain

12 September 2016 – The stars have almost fully aligned. Will and I are both fully functional this week. Sadly, we have no interview or Extra Mad, because we are both frantically catching-up at work, but the show is all new this week and next week, for our 1-year anniversary show, we have an interview I have been trying to get for a while so I’m excited.

At the top of the show I talk about the bankruptcy filing by South Korean shipping giant, Hanjin. Sea freight is a canary in the coal mine economic indicator and the sinking of Hanjin speaks volumes. Also, with Christmas on the horizon, the Toy Shippers Association (no joke, there’s clearly a club for everyone), is expressing deep concern. It is already apparent that the stranding of so many toys will be putting extra pressure on reindeer-based transport systems on the night of 24 December. Also during the top block, Will, as predicted/promised, gets into the appearance of Nigel Farage at a Trump rally in Mississippi. Fascism is real and it’s gone mainstream. The “Lauering” of the bar by the press has allowed it to go unchallenged for years and now we are all reaping the crop of hate so carefully nurtured by the AltRight.

In his block Will has some fun talking about the history of tech and projects that failed because they were too far ahead of their time. The Scottish efforts to build a canal across Panama, the Macon and Akron airships and the Apple Newton were all failures. Still, there is a tiny bit of Newton in every iPhone. Eventually, good ideas tend to take root. The photo below is of the USS Macon during a visit to new York City in 1933.

enosmacon

US Navy Photo colorized by Jared Enos.

 

In my segment I answer the question, what is blockchain? Bitcoin, the first iteration of blockchain, is an interesting experiment but it has substantial limitations. Blockchain itself, however, will have a big future and be used in many applications. It will not replace currency, for reasons I will get into in more detail next week, but it is an important technology which is on the rise. I do spend some time on the technical limitations of blockchain including the Byzantine Generals problem. There are many serious descriptions of this hurdle as it has been an unresolved challenge, both for programmers and applied mathematicians, for nearly forty years but there was one genuinely short but funny article and I promised to link to it here.

Both Will and I thank you for sticking with us through the past few weeks. – Carrots! Arliss


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Frances Coppola, Putin & Rajan

1 August 2016 – It is always glorious when we can have the well-known banking expert,  economics wonk and bloggerFrances Coppola on the show.  We were thrilled to welcome her back this week to talk about threats to the independence of central banks. We also discussed her recent panel at the Financial Times Festival of Finance where she consistently pointed out that the rise in populism expressed both through the Brexit vote and in the Trump candidacy, is all about the local.

Will and I had a lot of fun at the top of the show where he reveled in the number of GOP pundits who had to admit they loved the Democratic National Convention and I revealed what is, perhaps, the single most important polling result of this election cycle.

Will then goes on to tear into what we know (and what we don’t) about the relationships between Donald Trump, members of his campaign staff, Julian Assange, Vladimir Putin and various Russian surrogates and agencies. The word “traitor” does indeed come to mind. Seriously.

I spend my time on an overview of the economy of India, the modernization efforts and challenges and a bit about the Reserve Bank of India (RBI) including its recent upheaval. Since the soon-to-be former Governor of the RBI may very well be the incoming head of the IMF, after Lagarde steps down later this year, it’s worth getting to know a bit more about him. Rughuram Rajan is a neoliberal economist but he is also extremely accomplished, qualified and would be a much stronger voice for developing nations.

In spite of Trump, this has been a great week to be a Democrat and Will and I are still in the post-convention glow. In the next 100 days this country may well rise or fall. Let’s get to work. Carrots! – Arliss

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