WEBVTT - Tech News: Cryptocurrency Co-founder Calls Crypto Bad News

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<v Speaker 1>Welcome to tech Stuff, a production from I Heart Radio.

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<v Speaker 1>Hey there, and welcome to tech Stuff. I'm your host,

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<v Speaker 1>Jonathan Strickland. I'm an executive producer with I Heart Radio

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<v Speaker 1>and a love of all things tech. Is time for

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<v Speaker 1>the tech news for Thursday, July twenty one. Let's get

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<v Speaker 1>to it now. A few times this year I have

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<v Speaker 1>mentioned the right to repair movement, and this movement seeks

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<v Speaker 1>to change how you know, some corporations and companies really

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<v Speaker 1>locked down their products and they require customers to go

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<v Speaker 1>through you know, authorized channels for maintenance and repair, like

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<v Speaker 1>the only way you can get something fixed is by

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<v Speaker 1>going to a licensed vendor that does repairs well. Back

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<v Speaker 1>in the old days, you know, if you had the

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<v Speaker 1>tools and the know how you know, and the time

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<v Speaker 1>and inclination, you could repair stuff yourself after you bought it.

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<v Speaker 1>But over time this has changed as more companies have

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<v Speaker 1>made the internal workings of their products difficult or sometimes

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<v Speaker 1>even impossible for the average person to access. And then

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<v Speaker 1>you add in proprietary stuff like fasteners like special screws

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<v Speaker 1>that require specific types of screw drivers to remove, or

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<v Speaker 1>you have warranty agreements that are void as soon as

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<v Speaker 1>someone even thinks about trying to do repairs themselves, and

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<v Speaker 1>you then have this ecosystem that continues to exploit customers

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<v Speaker 1>long after the initial purchase. It's kind of like that

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<v Speaker 1>idea of how can we lock someone in so that

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<v Speaker 1>we can have them be a continual source of revenue,

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<v Speaker 1>as opposed to someone who buys a product once and

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<v Speaker 1>then they're gone. Well. U S President Joe Biden recently

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<v Speaker 1>signed an executive order that doesn't quite fix this, but

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<v Speaker 1>it might get the ball rolling. The order encourages the

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<v Speaker 1>Federal Trade Commission, or FTC, to draft new rules that

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<v Speaker 1>would restrict companies from, you know, restricting their customers so much.

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<v Speaker 1>It's far too early to say what those rules might

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<v Speaker 1>end up looking like should they get drafted, but presumably

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<v Speaker 1>they could include stuff like requiring companies to post information

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<v Speaker 1>about diagnostic and repair tools that you would need to

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<v Speaker 1>detect and address problems with their products. For people who

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<v Speaker 1>aren't confident in their ability to fix their own stuff,

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<v Speaker 1>there will still be the option to go to authorize

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<v Speaker 1>repair services. It also will open up opportunities for other

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<v Speaker 1>people to open up repair services without necessarily going through

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<v Speaker 1>some lengthy and potentially expensive licensing deal with the manufacturer.

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<v Speaker 1>So in other words, this doesn't mean that it would

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<v Speaker 1>suddenly be illegal for you know, Apple to continue to

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<v Speaker 1>run the genius bar. They still could totally do that,

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<v Speaker 1>but it wouldn't mean that Apple would potentially have to

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<v Speaker 1>make available the information people would need if they wanted

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<v Speaker 1>to do their own repairs on Apple products, assuming they

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<v Speaker 1>had the ability to do that. It will be interesting

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<v Speaker 1>to see how this develops, as the right to repair

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<v Speaker 1>a movement has been gaining a lot of ground in

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<v Speaker 1>many places, as several states in the United States have

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<v Speaker 1>already kind of past local laws about this, and we're

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<v Speaker 1>also seeing movement on this issue in Europe. Now, if

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<v Speaker 1>you've been listening to me for any length of time,

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<v Speaker 1>you know that I can be a bit critical of

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<v Speaker 1>cryptocurrencies for a lot of reasons. Uh, the proof of

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<v Speaker 1>work types of cryptocurrencies where you're using computers to try

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<v Speaker 1>and solve mathematical problems in order to mine the cryptocurrency.

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<v Speaker 1>That includes cryptocurrencies like Bitcoin and the current version of ethereum.

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<v Speaker 1>Those have a massive carbon footprint and obviously that's a problem.

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<v Speaker 1>They also tend to place a great strain on certain

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<v Speaker 1>markets like graphics processing cards. You know, and semiconductors. They

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<v Speaker 1>can really affect those, you know, big time, and that

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<v Speaker 1>means that other people who need or want those things

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<v Speaker 1>can't get them. Then you've got organized crime rings that

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<v Speaker 1>flock to cryptocurrencies for various reasons. You know, they tend

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<v Speaker 1>to be the currency of choice for black market deals

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<v Speaker 1>and that sort of thing. Now, this is not to

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<v Speaker 1>say that I think cryptocurrencies are just playing bad period,

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<v Speaker 1>but rather that they have a lot of downsides, and

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<v Speaker 1>I'm not the only one to think so. Jackson Palmer,

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<v Speaker 1>who actually co founded a cryptocurrency, has recently come out

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<v Speaker 1>to level a few more criticisms towards cryptocurrency in general,

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<v Speaker 1>and you know, addition to the ones I just mentioned. Now,

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<v Speaker 1>to be clear, the currency Palmer co founded was doge coin,

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<v Speaker 1>which really did start off as a joke, and arguably,

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<v Speaker 1>depending on your perspective, still is a joke. It's just

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<v Speaker 1>a joke that some people take weight too seriously. Palmer,

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<v Speaker 1>who actually had been pretty quiet for the last couple

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<v Speaker 1>of years, recently tweeted a thread that included some statements

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<v Speaker 1>like quote, I believe that cryptocurrency is an inherently right wing,

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<v Speaker 1>hyper capitalistic technology built primarily to amplify the wealth of

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<v Speaker 1>its proponents through a combination of tax avoidance, diminished regulatory oversight,

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<v Speaker 1>and artificially enforced scarcity end quote. So we can add

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<v Speaker 1>those to the list of downsides for cryptocurrency, and I

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<v Speaker 1>happen to agree with Palmer and that from my observations,

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<v Speaker 1>the crypto community seems to consist of a lot of

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<v Speaker 1>evangelists who are trying to convince more people to buy

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<v Speaker 1>into crypto and then telling those who are already into

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<v Speaker 1>HODDLE or h O d L, which stands for a

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<v Speaker 1>hold on for Dear life when things go into a slump.

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<v Speaker 1>Crypto has actually been a slump since mid spring, but

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<v Speaker 1>the cynical people suggest that this messaging be more about

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<v Speaker 1>crypto investors trying to stabilize and then drive up the

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<v Speaker 1>value of crypto for their own personal gain before they

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<v Speaker 1>switch to something else. In other words, of course, people

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<v Speaker 1>are going to say you need to buy into this

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<v Speaker 1>because their own investments hinge on the value of the

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<v Speaker 1>currency going up, so they will take whatever steps they

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<v Speaker 1>can to drive up the value, and then potentially they'll

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<v Speaker 1>bail once they reach a certain threshold, and that could

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<v Speaker 1>end up making the value plummet again and affect everybody

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<v Speaker 1>who came in buying and after it. It's because of

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<v Speaker 1>this that some people point to cryptocurrency and say that

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<v Speaker 1>it's similar to a pyramid scheme. It's not a pyramid scheme,

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<v Speaker 1>you know, not strictly speaking, but depending on people's behaviors

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<v Speaker 1>and how the market behaves, it can have a similar

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<v Speaker 1>effect to a pyramid scheme. Palmer went on to say

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<v Speaker 1>that crypto has its own cabal of wealthy investors, who

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<v Speaker 1>in effect are just as manipulative and controlling as you know,

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<v Speaker 1>currencies that are based around centralized financial institutions. It's not

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<v Speaker 1>a good look. In other words. Palmer also said that

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<v Speaker 1>crypto gives opportunities to the wealthy to exploit the less wealthy, or,

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<v Speaker 1>as he said, quote, cryptocurrency is almost purpose built to

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<v Speaker 1>make the funnel of profiteering more efficient for those at

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<v Speaker 1>the top and less safeguarded for the vulnerable, like taking

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<v Speaker 1>the worst parts of today's capitalist system e g. Corruption, fraud, inequality,

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<v Speaker 1>and using software to technically limit the use of interventions

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<v Speaker 1>e g. Audits, regulation, taxation, which serve as protections or

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<v Speaker 1>safety nets for the average person. End quote. Pretty you know,

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<v Speaker 1>tough stands there. Over on Twitter, Fleets is nearing the

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<v Speaker 1>end of its fleeting moment. In the spotlight water fleets,

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<v Speaker 1>you might ask, well, if you are asking that, I

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<v Speaker 1>think that's probably a good indicator of e they're going away.

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<v Speaker 1>Fleets currently are, and soon we will say. We're a

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<v Speaker 1>Twitter feature that lets users post tweets that expire so

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<v Speaker 1>very much, kind of like you know snapchat or those

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<v Speaker 1>Instagram posts that are gone after twenty four hours. This

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<v Speaker 1>idea of the momentary message. Fleets similarly had a twenty

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<v Speaker 1>four hour lifespan. After that they would get deleted. Twitter's

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<v Speaker 1>message about this was a bit cheeky. They tweeted on

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<v Speaker 1>the four that quote, we're removing fleets on August three,

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<v Speaker 1>working on some new stuff. We're sorry or you're welcome

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<v Speaker 1>Twitter end quote. Cute. Twitter first introduced fleets eight whole

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<v Speaker 1>months ago, so it really did not take long for

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<v Speaker 1>the company to say, yeah, this just isn't working out

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<v Speaker 1>because ain't no one using it. Twitter has plateaued in

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<v Speaker 1>user engagement, which is not a great thing in a

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<v Speaker 1>world that values revenue growth year over year. It's you know,

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<v Speaker 1>just not good enough to do well. You have to

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<v Speaker 1>actually do better than you did before. Anyway, fleets will

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<v Speaker 1>be gone on August three, and by August four, I

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<v Speaker 1>predict no one will have even remembered it, because it

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<v Speaker 1>will be twenty four hours later. If you're an Android user,

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<v Speaker 1>and if you have volunteered to be part of the

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<v Speaker 1>Android twelve beta program, you might notice that your phone

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<v Speaker 1>is handling auto rotate better than it had before. So

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<v Speaker 1>Android twelve will be coming out of beta a little

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<v Speaker 1>later this year, but for the time people who want

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<v Speaker 1>to run the risk of having an incomplete operating system

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<v Speaker 1>build on their phones can elect to be part of

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<v Speaker 1>the beta test. I'm one of those suckers. Um one

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<v Speaker 1>of those people, actually, and one of the most recent

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<v Speaker 1>updates to the beta involves auto rotate. Now. Traditionally Android

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<v Speaker 1>has relied solely on accelerometers. These detect a change in

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<v Speaker 1>orientation and speed. I've done episodes about accelerometers. They are

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<v Speaker 1>super interesting things. They technically detect a change in velocity. However,

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<v Speaker 1>this approach doesn't always yield perfect results. There have been

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<v Speaker 1>times where I've tried to watch, say a YouTube video

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<v Speaker 1>on my phone, particularly if I'm like lounging, laying down

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<v Speaker 1>or something, and I want to watch maybe like an

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<v Speaker 1>A S M R video, so that I can go

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<v Speaker 1>into a coma and I'll turn my phone into landscape orientation,

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<v Speaker 1>and yet my screen refuses to make the switch. It's

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<v Speaker 1>still in portrait mode. Well, this new update leans a

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<v Speaker 1>bit on the device's front facing camera, so, in other words,

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<v Speaker 1>and Android twelve smartphone will rely not just on the accelerometer,

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<v Speaker 1>but the front facing camera that will then try to

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<v Speaker 1>detect the orientation of your face. So if your face

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<v Speaker 1>is sideways, well that's a pretty good signal for the

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<v Speaker 1>phone to rotate the screen into its other mode. And

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<v Speaker 1>for those of you who are concerned with privacy, and

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<v Speaker 1>honestly all of us should be, Google reps say that

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<v Speaker 1>this feature is kept strictly local to your phone and

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<v Speaker 1>that no images, video, or anything like that will be

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<v Speaker 1>recorded or sent off of the device. It will just

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<v Speaker 1>happen in the background on the hardware itself, So while

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<v Speaker 1>the camera will briefly become active, it won't be recording

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<v Speaker 1>or streaming or anything like that. Google has actually built

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<v Speaker 1>out something called the Android Private Computer Core or a

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<v Speaker 1>p c C, which will handle processes like this. That is,

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<v Speaker 1>processes that might be super invasive or creepy if they

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<v Speaker 1>were not restricted to the hardware of the phone or

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<v Speaker 1>handset or tablet or whatever itself. Now, I think that's

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<v Speaker 1>a pretty wise move. It gives Google the opportunity to

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<v Speaker 1>play with technologies that could really give some cool features

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<v Speaker 1>to our phones. But if they were, say, connected to

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<v Speaker 1>the cloud or to the outside world, they would represent uh,

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<v Speaker 1>potentially catastrophic privacy or security risk. I think it's a

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<v Speaker 1>wise decision to go this direction. Facebook has just added

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<v Speaker 1>a new feature today called sound Emoji's, and as the

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<v Speaker 1>name suggests, it adds sounds to certain emoji. For example,

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<v Speaker 1>there's a ghost emoji, and you might think it would

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<v Speaker 1>say something like woo. When you activate it now it

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<v Speaker 1>gives a cartoonish evil laugh. Um, there's a smoochy emoji

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<v Speaker 1>that's making kissy sounds. There's a cricket emoji. The cricket

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<v Speaker 1>is extremely realistic looking to me. I mean, it's a cartoon,

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<v Speaker 1>but it's crickets are funky looking critters. Anyway, it makes

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<v Speaker 1>cricket noises so that when someone makes that clunker of

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<v Speaker 1>a joke. You know, someone like me who just rattles

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<v Speaker 1>off puns and dad jokes incessantly, you can respond with

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<v Speaker 1>that and they'll get the message. I know, I do. Uh.

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<v Speaker 1>When I checked just before recording, there were twenty eight

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<v Speaker 1>emoji total that have sound capability added to them. Some

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<v Speaker 1>of them it's not necessarily a sound you would immediately

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<v Speaker 1>suspect when you push it, like some of them end

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<v Speaker 1>up prompting a little musical sting as opposed to a

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<v Speaker 1>you know, sound effect. But it's just a small sample

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<v Speaker 1>of the massive number of available emoji in messengers, so

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<v Speaker 1>it's not every single emoji. Thankfully, a few have specifically

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<v Speaker 1>not made the cut so far. I'm looking at you,

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<v Speaker 1>poop emoji. No one needs to know what you sound like. Now. Apparently,

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<v Speaker 1>Facebook plans to update the list and occasionally include, like,

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<v Speaker 1>you know, topical or culturally relevant sound clips from stuff

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<v Speaker 1>like TV shows and musical artists. So in a way,

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<v Speaker 1>this is kind of continuing down the pathway of stuff

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<v Speaker 1>like animated gifts and the like. It's another way to

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<v Speaker 1>include little, playful, interactive elements in messaging. UM. I have

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<v Speaker 1>only sent one. I have not yet received one, so

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<v Speaker 1>I don't even know how it works when you receive it.

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<v Speaker 1>I know that from sending it. When you're choosing the emoji.

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<v Speaker 1>Um it plays back whatever sound it's going to play

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<v Speaker 1>for the person you send it to. But the person

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<v Speaker 1>I sent it to has not yet responded to that

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<v Speaker 1>that sound emoji, which might be an indicator that I

0:14:36.960 --> 0:14:39.560
<v Speaker 1>need a new friend. We will see, but I don't

0:14:39.640 --> 0:14:41.960
<v Speaker 1>know what it's like to receive one yet. I'll let

0:14:42.000 --> 0:14:44.280
<v Speaker 1>you know, or maybe you'll know by the time we

0:14:44.360 --> 0:14:49.760
<v Speaker 1>have another episode. Moving on, Bloomberg reports that Netflix will

0:14:49.800 --> 0:14:52.600
<v Speaker 1>be adding in streaming video games as part of its

0:14:52.640 --> 0:14:57.240
<v Speaker 1>service sometime within the next year, and apparently at no

0:14:57.440 --> 0:15:01.760
<v Speaker 1>extra cost to subscribers. The company has actually hired Mike

0:15:01.880 --> 0:15:04.840
<v Speaker 1>verdu who worked in the games industry at places like

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<v Speaker 1>Oculus and Electronic Arts, and Verduo is going to serve

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<v Speaker 1>as the VP of Games Development. Now. I wonder if

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<v Speaker 1>that means we're gonna see some original titles for Netflix games. Maybe. Personally,

0:15:19.800 --> 0:15:21.680
<v Speaker 1>I'm hoping that they do some tie ins with some

0:15:21.760 --> 0:15:25.120
<v Speaker 1>Netflix original series because I really want my Unbreakable Kimmy

0:15:25.200 --> 0:15:29.480
<v Speaker 1>Schmidt adventure game. Gosh darn it. And that's it for

0:15:29.560 --> 0:15:34.480
<v Speaker 1>the news for Thursday, July one. We'll be back next

0:15:34.520 --> 0:15:37.840
<v Speaker 1>week with some more news. If you have suggestions for topics,

0:15:37.880 --> 0:15:41.360
<v Speaker 1>I should cover in episodes of tech Stuff. Please reach out.

0:15:41.480 --> 0:15:43.880
<v Speaker 1>You can leave me a message over on Twitter. The

0:15:43.920 --> 0:15:46.440
<v Speaker 1>handle for the show is text Stuff H. S W

0:15:47.200 --> 0:15:55.800
<v Speaker 1>and I'll talk to you again really soon. Text Stuff

0:15:55.880 --> 0:15:59.040
<v Speaker 1>is an I Heart Radio production. For more podcasts from

0:15:59.040 --> 0:16:02.840
<v Speaker 1>My Heart Radio, visit the I Heart Radio app, Apple Podcasts,

0:16:02.920 --> 0:16:09.480
<v Speaker 1>or wherever you listen to your favorite shows. H