1 00:00:04,440 --> 00:00:12,400 Speaker 1: Welcome to tech Stuff, a production from iHeartRadio. Hey there, 2 00:00:12,480 --> 00:00:16,280 Speaker 1: and welcome to tech Stuff. I'm your host Jonathan Strickland. 3 00:00:16,320 --> 00:00:20,479 Speaker 1: I'mond executive producer with iHeartRadio and how the tech are you. 4 00:00:21,040 --> 00:00:25,400 Speaker 1: It's time for the tech news for Tuesday, June thirteenth, 5 00:00:25,600 --> 00:00:30,400 Speaker 1: twenty twenty three, and today marks the second day that 6 00:00:30,640 --> 00:00:34,800 Speaker 1: hundreds of subreddits thousands in fact, have gone dark in 7 00:00:34,840 --> 00:00:40,720 Speaker 1: response to Reddit changing its API policy that's application programming interface. 8 00:00:41,360 --> 00:00:45,919 Speaker 1: This has necessitated the shutdown of several popular apps. So 9 00:00:46,320 --> 00:00:50,640 Speaker 1: as a refresher, Reddit put in a new fee system, 10 00:00:51,320 --> 00:00:55,520 Speaker 1: and the more an app needs to reference Reddit, so essentially, 11 00:00:56,000 --> 00:01:00,840 Speaker 1: the more frequently the app makes requests from Reddit, the 12 00:01:00,880 --> 00:01:03,840 Speaker 1: more the developer is going to have to pay a 13 00:01:03,960 --> 00:01:07,920 Speaker 1: monthly fee, and it depends entirely on how many references 14 00:01:08,400 --> 00:01:13,840 Speaker 1: the app is making collectively to Reddit. Reddit representatives say 15 00:01:13,920 --> 00:01:17,440 Speaker 1: that this is necessary because increased activity on the platform 16 00:01:17,600 --> 00:01:21,080 Speaker 1: drives up hosting costs, and the money to pay those 17 00:01:21,120 --> 00:01:25,600 Speaker 1: bills has to come from somewhere. Developers say the new 18 00:01:25,680 --> 00:01:30,160 Speaker 1: fee schedule is prohibitively expensive and that it sure does 19 00:01:30,200 --> 00:01:34,199 Speaker 1: seem like Reddit is pricing out competitors, which would leave 20 00:01:34,360 --> 00:01:40,119 Speaker 1: only reddits own app standing in solidarity with these app developers. 21 00:01:40,160 --> 00:01:46,160 Speaker 1: The moderators of tons of popular subredits, including the technology Subreddit, 22 00:01:46,480 --> 00:01:50,480 Speaker 1: have gone private for a couple of days. Also side note, 23 00:01:50,520 --> 00:01:54,400 Speaker 1: I often use the technology subreddit to keep an eye 24 00:01:54,400 --> 00:01:57,559 Speaker 1: on tech stories for these episodes because it's a very 25 00:01:57,600 --> 00:02:00,720 Speaker 1: good aggregation site for that kind of thing. You see 26 00:02:01,040 --> 00:02:06,200 Speaker 1: lots of people crawling the web and finding cool technology articles. 27 00:02:06,600 --> 00:02:10,320 Speaker 1: It's incredibly helpful if you want to put together a 28 00:02:10,400 --> 00:02:14,720 Speaker 1: news episode. So what I'm saying is that this is 29 00:02:14,720 --> 00:02:17,680 Speaker 1: also making me work harder, which we all know I hate. 30 00:02:18,280 --> 00:02:21,320 Speaker 1: But more seriously, whether this is going to prompt Reddit 31 00:02:21,360 --> 00:02:24,720 Speaker 1: to change its policy, I don't know. I would actually 32 00:02:24,760 --> 00:02:27,920 Speaker 1: be really surprised if it did. I think it's going 33 00:02:27,960 --> 00:02:30,640 Speaker 1: to bring a lot more attention to the issue, but 34 00:02:30,680 --> 00:02:33,120 Speaker 1: I don't know that it's necessarily going to change things. 35 00:02:33,480 --> 00:02:37,520 Speaker 1: I think the only thing that would change reddits stance 36 00:02:37,960 --> 00:02:40,880 Speaker 1: would be either if a lot of people just left 37 00:02:40,919 --> 00:02:45,120 Speaker 1: the platform entirely, which means there would be fewer people 38 00:02:45,200 --> 00:02:48,960 Speaker 1: to sell advertising for and that would be a huge 39 00:02:49,040 --> 00:02:53,160 Speaker 1: drop in revenue, or if there was some sort of 40 00:02:53,160 --> 00:02:57,240 Speaker 1: official investigation into whether or not Reddit is engaging in 41 00:02:57,320 --> 00:03:01,480 Speaker 1: anti competitive practices that could also so force a change, 42 00:03:01,480 --> 00:03:05,560 Speaker 1: But in the lack of either of those things happening, 43 00:03:06,200 --> 00:03:09,359 Speaker 1: I just don't I don't imagine it will change, But 44 00:03:09,400 --> 00:03:12,919 Speaker 1: I could be wrong. Maybe there will be enough pressure 45 00:03:13,040 --> 00:03:18,080 Speaker 1: on Reddit to at least have them tweak the policy. 46 00:03:18,200 --> 00:03:21,120 Speaker 1: We'll have to wait and see. The various announcements that 47 00:03:21,200 --> 00:03:25,840 Speaker 1: loosely speaking, make up the Summer Games Fest are wrapping 48 00:03:25,960 --> 00:03:29,280 Speaker 1: up this week. Microsoft held its event over the weekend, 49 00:03:29,320 --> 00:03:32,200 Speaker 1: but one thing the company didn't dive into was the 50 00:03:32,240 --> 00:03:35,920 Speaker 1: fate of the Activision Blizzard deal. Now. As I'm sure 51 00:03:35,960 --> 00:03:39,920 Speaker 1: most of you know, Microsoft announced ages ago now that 52 00:03:40,040 --> 00:03:43,120 Speaker 1: it planned to acquire Activision Blizzard, which at the time 53 00:03:43,240 --> 00:03:46,040 Speaker 1: was weathering a pretty big storm with regard to the 54 00:03:46,080 --> 00:03:50,760 Speaker 1: company's reputation for a toxic work environment and general tolerance 55 00:03:50,800 --> 00:03:54,400 Speaker 1: toward harassment and that kind of thing. The plan was 56 00:03:55,000 --> 00:04:00,400 Speaker 1: to have this deal finalized by this summer, been some 57 00:04:00,480 --> 00:04:04,320 Speaker 1: notable hurdles. Regulators in the UK have refused to allow 58 00:04:04,360 --> 00:04:07,280 Speaker 1: the deal to proceed, at least in the UK. They 59 00:04:07,320 --> 00:04:10,480 Speaker 1: say that it would give Microsoft an unfair market advantage 60 00:04:10,480 --> 00:04:17,920 Speaker 1: in the sector, particularly with regard to cloud gaming services. Recently, 61 00:04:18,120 --> 00:04:22,120 Speaker 1: Activision representatives requested that they be able to address this 62 00:04:22,200 --> 00:04:25,560 Speaker 1: issue when it comes up for appeal with those UK 63 00:04:25,720 --> 00:04:29,520 Speaker 1: regulators a little bit later this summer. Microsoft reps have 64 00:04:29,680 --> 00:04:32,720 Speaker 1: argued that the UK is holding things up where regulators 65 00:04:32,760 --> 00:04:37,240 Speaker 1: elsewhere have given the green light to the acquisition, like 66 00:04:37,279 --> 00:04:41,919 Speaker 1: the European Union or regulators in Japan. But that argument 67 00:04:41,960 --> 00:04:43,800 Speaker 1: is going to be a lot harder to make because 68 00:04:43,839 --> 00:04:47,400 Speaker 1: the US Federal Trade Commission or FTC, is now seeking 69 00:04:47,480 --> 00:04:54,040 Speaker 1: an injunction and a temporary restraining order to block the deal. Okay, 70 00:04:54,480 --> 00:04:57,240 Speaker 1: you might say, well, didn't the FTC already object to this, 71 00:04:57,320 --> 00:05:00,680 Speaker 1: And the answer to that is yes, they actually challenged 72 00:05:00,760 --> 00:05:04,159 Speaker 1: the acquisition late last year, back in December of twenty 73 00:05:04,200 --> 00:05:11,320 Speaker 1: twenty two. But justice moves slowly, like glacially slow, and 74 00:05:11,520 --> 00:05:17,159 Speaker 1: so the FTC is looking for this injunction to temporarily 75 00:05:17,240 --> 00:05:20,599 Speaker 1: stop the deal from closing while the challenge to the 76 00:05:20,640 --> 00:05:24,039 Speaker 1: deal inches closer to actually making it into a courtroom. 77 00:05:24,680 --> 00:05:26,839 Speaker 1: And it might seem a bit absurd that a major 78 00:05:26,960 --> 00:05:30,039 Speaker 1: US government agency would have to get a restraining order 79 00:05:30,440 --> 00:05:33,480 Speaker 1: to put a temporary block on a deal while the 80 00:05:33,560 --> 00:05:36,120 Speaker 1: actual case to decide if the deal is even legal 81 00:05:36,200 --> 00:05:40,520 Speaker 1: or not meets court schedules. It does sound a little 82 00:05:40,560 --> 00:05:43,640 Speaker 1: bit mad, as they say, but that's how it works. 83 00:05:44,040 --> 00:05:47,560 Speaker 1: On Microsoft's side, the request for an injunction might not 84 00:05:47,839 --> 00:05:51,320 Speaker 1: necessarily be a bad thing because if a court denies 85 00:05:51,400 --> 00:05:53,960 Speaker 1: that injunction, that could give Microsoft a bit of a 86 00:05:54,080 --> 00:05:57,560 Speaker 1: legal boost, as it were, and company reps both for 87 00:05:57,760 --> 00:06:01,120 Speaker 1: Microsoft and Activision have said they're eager to get this 88 00:06:01,240 --> 00:06:04,080 Speaker 1: matter to the court because in their opinion, it's an 89 00:06:04,080 --> 00:06:07,359 Speaker 1: open and shutcase that there's no unfair market advantage or 90 00:06:07,400 --> 00:06:11,440 Speaker 1: any competitive element to the deal. So maybe we'll see 91 00:06:11,480 --> 00:06:16,360 Speaker 1: the deal go through despite all these hurdles. Twitter's new CEO, 92 00:06:16,760 --> 00:06:21,279 Speaker 1: Linda Yakarino, sent out her first official communication to Twitter's 93 00:06:21,400 --> 00:06:26,040 Speaker 1: staff this week. The memo's title was building Twitter two 94 00:06:26,120 --> 00:06:30,159 Speaker 1: point zero Together. Now you might recall that Twitter's previous CEO, 95 00:06:30,400 --> 00:06:37,080 Speaker 1: a guy named Elon Musk, revealed aspirations of evolving the 96 00:06:37,160 --> 00:06:41,320 Speaker 1: Twitter service into a much more robust app capable of 97 00:06:41,360 --> 00:06:48,679 Speaker 1: doing pretty much any basic app stuff, including handling financial transactions. 98 00:06:49,400 --> 00:06:53,719 Speaker 1: In the memo, she wrote, quote, it has become increasingly 99 00:06:53,760 --> 00:06:57,880 Speaker 1: clear that the global town square needs transformation to drive 100 00:06:58,000 --> 00:07:03,400 Speaker 1: civilization forward through the unfiltered exchange of information and open 101 00:07:03,520 --> 00:07:07,159 Speaker 1: dialogue about things that matter most to us end quote. 102 00:07:08,200 --> 00:07:11,880 Speaker 1: This seems to echo the message of free speech that 103 00:07:11,960 --> 00:07:18,320 Speaker 1: Elon Musk frequently stated. But that's a message that's actually 104 00:07:18,360 --> 00:07:22,440 Speaker 1: really muddled, because in the Elon era, it seemed like 105 00:07:22,520 --> 00:07:25,160 Speaker 1: free speech mostly just applied to Elon and to the 106 00:07:25,160 --> 00:07:28,960 Speaker 1: people he liked, but not necessarily anybody else. And yes, 107 00:07:29,520 --> 00:07:33,280 Speaker 1: I am editorializing, but what I'm saying is backed up 108 00:07:33,280 --> 00:07:35,160 Speaker 1: by evidence. I mean, you just have to think back 109 00:07:35,400 --> 00:07:38,520 Speaker 1: to the time when Twitter suddenly started to clamp down 110 00:07:38,560 --> 00:07:41,960 Speaker 1: on any tweets that contain links to other platforms like 111 00:07:42,360 --> 00:07:46,520 Speaker 1: Instagram or masted on. Apparently that speech was not allowed 112 00:07:46,520 --> 00:07:51,000 Speaker 1: to be free. So like when I make these snarky comments, 113 00:07:51,040 --> 00:07:56,000 Speaker 1: it's not without reason. Anyway. While I have suspicions as 114 00:07:56,040 --> 00:07:59,800 Speaker 1: to the sincerity of Twitter's mission, I have to say 115 00:07:59,800 --> 00:08:04,520 Speaker 1: that our new CEO's communication style is more uplifting and 116 00:08:04,640 --> 00:08:07,520 Speaker 1: humorous than Elon's typically were. If you read the memo, 117 00:08:07,640 --> 00:08:13,000 Speaker 1: it definitely feels a bit more supportive. On that side, 118 00:08:13,040 --> 00:08:15,119 Speaker 1: it still says you're gonna have to work real hard, 119 00:08:15,680 --> 00:08:20,400 Speaker 1: like it's repeating that little line, but it's more like 120 00:08:20,440 --> 00:08:22,840 Speaker 1: a almost like a pep rally kind of we're all 121 00:08:22,880 --> 00:08:25,640 Speaker 1: in this together and we can do it as opposed 122 00:08:25,680 --> 00:08:28,119 Speaker 1: to you will do it or you will suffer, which, 123 00:08:28,600 --> 00:08:32,120 Speaker 1: granted I'm paraphrasing, but a lot of Elon Musk's messages 124 00:08:32,120 --> 00:08:35,520 Speaker 1: to employees kind of felt like that. But whether any 125 00:08:35,559 --> 00:08:39,719 Speaker 1: of this translates into real improvement at Twitter, I don't know. 126 00:08:40,240 --> 00:08:44,240 Speaker 1: But sticking with Twitter, a user named Alessandro Paluzzi, who 127 00:08:44,280 --> 00:08:48,000 Speaker 1: describes himself as a leaker, a mobile developer, and a 128 00:08:48,120 --> 00:08:52,240 Speaker 1: reverse engineer, posted that he found something interesting. A limit 129 00:08:52,520 --> 00:08:55,840 Speaker 1: to the number of direct messages or DMS you are 130 00:08:55,920 --> 00:08:59,040 Speaker 1: allowed to send. When you hit that limit, you get 131 00:08:59,080 --> 00:09:02,360 Speaker 1: a message from Twitter saying you've hit the maximum limit 132 00:09:02,400 --> 00:09:04,760 Speaker 1: for direct messages in a single day. Sign up for 133 00:09:04,800 --> 00:09:09,840 Speaker 1: Twitter Blue to continue messaging. Baluzzi followed that up with quote, 134 00:09:10,000 --> 00:09:12,440 Speaker 1: currently the limit is five hundred per day, but I 135 00:09:12,480 --> 00:09:14,720 Speaker 1: bet this limit will be reduced when this will be 136 00:09:14,800 --> 00:09:18,080 Speaker 1: rolled out end quote. Elon Musk, who still heads up 137 00:09:18,080 --> 00:09:21,360 Speaker 1: product and development at Twitter even though he's no longer CEO, 138 00:09:22,000 --> 00:09:25,040 Speaker 1: indicated that the deployment should happen later this week, So 139 00:09:25,120 --> 00:09:27,480 Speaker 1: I guess we'll see what the limit is once we 140 00:09:27,520 --> 00:09:31,040 Speaker 1: get there. Is that going to drive more people to 141 00:09:31,120 --> 00:09:35,120 Speaker 1: actually subscribe to Twitter Blue. Well, in my experience, folks 142 00:09:35,200 --> 00:09:37,800 Speaker 1: get really irritated when they're asked to pay for something 143 00:09:37,840 --> 00:09:40,559 Speaker 1: that previously they were able to access for free. So 144 00:09:40,920 --> 00:09:45,680 Speaker 1: I have my doubts. And now to talk of Twitter past. 145 00:09:46,200 --> 00:09:48,600 Speaker 1: Jack Dorsey, one of the co founders of Twitter and 146 00:09:48,640 --> 00:09:52,760 Speaker 1: the former CEO of the company, alleged that in twenty twenty, 147 00:09:52,840 --> 00:09:56,000 Speaker 1: the government of India threatened to shut Twitter down in 148 00:09:56,080 --> 00:10:00,400 Speaker 1: that country. Why well, according to Dorsey, it's because armers 149 00:10:00,440 --> 00:10:04,080 Speaker 1: who were protesting the government in twenty twenty were using 150 00:10:04,080 --> 00:10:07,120 Speaker 1: Twitter to share their thoughts and complaints and criticisms of 151 00:10:07,120 --> 00:10:10,400 Speaker 1: India's government, and that government officials wanted to shut all 152 00:10:10,440 --> 00:10:15,040 Speaker 1: that down. In addition, Dorsey says the government wanted Twitter 153 00:10:15,120 --> 00:10:19,160 Speaker 1: to censor journalists who supported the protests, who or who 154 00:10:19,280 --> 00:10:24,239 Speaker 1: called into question the government's positions. Government representatives deny these allegations. 155 00:10:24,320 --> 00:10:26,959 Speaker 1: They say there were no arrests, there were no raids, 156 00:10:27,000 --> 00:10:29,920 Speaker 1: there were no shutdowns, but that Twitter had acted in 157 00:10:30,000 --> 00:10:33,319 Speaker 1: violation of Indian law and that the platform was essentially 158 00:10:34,320 --> 00:10:39,160 Speaker 1: ignoring India's sovereignty. The matter is a messy one. Twitter 159 00:10:39,200 --> 00:10:42,600 Speaker 1: initially blocks more than two hundred accounts upon direction of 160 00:10:42,640 --> 00:10:46,680 Speaker 1: India's government, but then reverse that decision after Twitter says 161 00:10:46,720 --> 00:10:50,559 Speaker 1: it determined there was insufficient reasons to block those accounts 162 00:10:50,960 --> 00:10:55,120 Speaker 1: and cited India's own free speech laws. India's government allegedly 163 00:10:55,160 --> 00:10:57,480 Speaker 1: then said failure to block the accounts would result in 164 00:10:57,480 --> 00:11:00,600 Speaker 1: government raids on Twitter offices and a show down, and 165 00:11:00,640 --> 00:11:05,240 Speaker 1: again the government reps in India deny those claims. Okay, 166 00:11:05,480 --> 00:11:08,120 Speaker 1: we've got some more news to cover, but first let's 167 00:11:08,120 --> 00:11:21,199 Speaker 1: take a quick break. We're back. So YouTube is making 168 00:11:21,240 --> 00:11:24,640 Speaker 1: it easier to qualify for the YouTube Partners program. This 169 00:11:24,679 --> 00:11:29,400 Speaker 1: is where you can implement things like tipping and YouTube shopping, 170 00:11:29,440 --> 00:11:32,679 Speaker 1: where you can sell your own merch and channel memberships 171 00:11:32,720 --> 00:11:36,319 Speaker 1: and more. It's really a way of monetizing the videos 172 00:11:36,320 --> 00:11:39,800 Speaker 1: that you put up on YouTube. So previously, in order 173 00:11:39,800 --> 00:11:42,040 Speaker 1: to qualify, you need to have at least one thousand 174 00:11:42,120 --> 00:11:46,000 Speaker 1: subscribers and either four thousand watch hours within the past 175 00:11:46,080 --> 00:11:50,599 Speaker 1: year or ten million views of YouTube shorts within the 176 00:11:50,679 --> 00:11:54,800 Speaker 1: last ninety days. But now the requirements have been reduced 177 00:11:54,840 --> 00:11:59,559 Speaker 1: to five hundred subscribers plus three public uploads over the 178 00:11:59,600 --> 00:12:03,199 Speaker 1: last night days and at least three thousand watch hours 179 00:12:03,200 --> 00:12:06,280 Speaker 1: over the last year or three million short views in 180 00:12:06,320 --> 00:12:10,640 Speaker 1: the last ninety days. This seems to favor people who 181 00:12:10,679 --> 00:12:14,520 Speaker 1: work in short form content because they're more likely to 182 00:12:14,559 --> 00:12:17,840 Speaker 1: meet the requirement of having three uploads in ninety days. 183 00:12:18,240 --> 00:12:21,679 Speaker 1: But some of my favorite YouTube channels are producing long 184 00:12:21,800 --> 00:12:25,679 Speaker 1: form content and they publish much less frequently, but their 185 00:12:25,760 --> 00:12:28,920 Speaker 1: videos get tons and tons of views, like more than 186 00:12:28,960 --> 00:12:32,000 Speaker 1: a million views. Their work is incredible. So I'm thinking 187 00:12:32,040 --> 00:12:37,600 Speaker 1: about channels like Folding Ideas or Jenny Nicholson. So a 188 00:12:37,640 --> 00:12:43,640 Speaker 1: startup channel like those might really make great content and 189 00:12:43,800 --> 00:12:45,880 Speaker 1: might get lots and lots of views, but it wouldn't 190 00:12:45,920 --> 00:12:49,400 Speaker 1: necessarily qualify because you wouldn't have the three public uploads 191 00:12:49,400 --> 00:12:53,199 Speaker 1: in ninety days. However, maybe YouTube also has a process 192 00:12:53,240 --> 00:12:57,840 Speaker 1: to consider outliers like that, Like if you are garnering 193 00:12:58,400 --> 00:13:01,280 Speaker 1: more than a million views per video, it's just that 194 00:13:01,320 --> 00:13:03,880 Speaker 1: your videos take a longer time to publish because you're 195 00:13:04,360 --> 00:13:06,360 Speaker 1: making long form content and you're putting a lot of 196 00:13:06,360 --> 00:13:10,000 Speaker 1: work into them. I imagine YouTube would still consider those 197 00:13:10,080 --> 00:13:14,080 Speaker 1: for the program, even if on the base of it 198 00:13:14,080 --> 00:13:16,480 Speaker 1: it doesn't qualify. It just seems like it would be 199 00:13:17,840 --> 00:13:21,880 Speaker 1: short sighted not to. Now there is a disturbance in 200 00:13:21,920 --> 00:13:24,720 Speaker 1: the force, and by force I mean the crypto community 201 00:13:25,200 --> 00:13:28,600 Speaker 1: and by disturbance, I mean the US Securities Exchange Commission 202 00:13:28,640 --> 00:13:35,040 Speaker 1: or SEC is taking aim at more than fifty different cryptocurrencies. Why. Well, 203 00:13:35,200 --> 00:13:38,920 Speaker 1: the SEC argues that a whole bunch of alt coins, 204 00:13:39,200 --> 00:13:43,760 Speaker 1: which essentially refer to smaller cryptocurrencies that aren't Bitcoin or ether, 205 00:13:44,760 --> 00:13:49,160 Speaker 1: don't really count as currencies. There instead securities. But what 206 00:13:49,200 --> 00:13:53,000 Speaker 1: the heck is a security? Well this isn't a finance podcast, 207 00:13:53,040 --> 00:13:56,000 Speaker 1: but it comes up all the time in tech news, 208 00:13:56,040 --> 00:13:57,880 Speaker 1: and frankly, I felt the need to brush up on 209 00:13:57,960 --> 00:14:01,600 Speaker 1: it myself. So I went to Investopedia, which has their 210 00:14:01,640 --> 00:14:05,719 Speaker 1: own definition, and they define it as quote fungible negotiable 211 00:14:05,960 --> 00:14:12,160 Speaker 1: financial instrument that holds some type of monetary value end quote. Thankfully, 212 00:14:12,720 --> 00:14:16,280 Speaker 1: they also give some examples to clarify things. So stock 213 00:14:16,400 --> 00:14:19,160 Speaker 1: in a company is a kind of security. It's fungible, 214 00:14:19,280 --> 00:14:22,800 Speaker 1: it's negotiable, and it holds monetary value as determined by 215 00:14:22,800 --> 00:14:26,840 Speaker 1: the market. A bond, likewise, counts as a security, and 216 00:14:26,920 --> 00:14:31,880 Speaker 1: so securities, Investipedia explains, typically fall into one of three categories. Equity, 217 00:14:31,960 --> 00:14:35,680 Speaker 1: which means the security represents some percentage of ownership in 218 00:14:35,800 --> 00:14:40,480 Speaker 1: something like a company. A second type is debt, meaning 219 00:14:40,520 --> 00:14:44,840 Speaker 1: you can actually purchase debt that other people owe, and 220 00:14:44,880 --> 00:14:47,400 Speaker 1: then they have to pay you, so you get the 221 00:14:47,760 --> 00:14:52,920 Speaker 1: debt payments plus whatever the interest rate is, so you 222 00:14:53,000 --> 00:14:56,000 Speaker 1: get more than what you purchase the debt for. And 223 00:14:56,040 --> 00:14:59,400 Speaker 1: then the third type is a hybrid between equity and debt. 224 00:15:00,040 --> 00:15:02,840 Speaker 1: And here's the real kicker. The SEC has the authority 225 00:15:02,880 --> 00:15:06,640 Speaker 1: to oversee public sales of securities. It has to be regulated, 226 00:15:07,120 --> 00:15:11,880 Speaker 1: and crypto coins operate largely in crypto exchanges that are 227 00:15:12,160 --> 00:15:16,720 Speaker 1: operating outside the domain of the SEC. So if THEEC 228 00:15:16,840 --> 00:15:22,000 Speaker 1: is successful in saying yes, these are securities, then they 229 00:15:22,000 --> 00:15:26,160 Speaker 1: have the authority to oversee those exchanges. And as a result, 230 00:15:26,720 --> 00:15:30,880 Speaker 1: a lot of crypto exchanges have started to remove the 231 00:15:30,920 --> 00:15:34,960 Speaker 1: alt coins that the SEC has targeted in various lawsuits 232 00:15:35,800 --> 00:15:38,760 Speaker 1: because these exchanges don't want to get dinged for allowing 233 00:15:38,880 --> 00:15:42,800 Speaker 1: unregulated securities deals. This is actually one of the big 234 00:15:43,440 --> 00:15:47,200 Speaker 1: things that Binance is currently facing with US regulators, so 235 00:15:47,280 --> 00:15:50,720 Speaker 1: this could have a very large negative impact on crypto coins, 236 00:15:51,000 --> 00:15:54,600 Speaker 1: potentially preventing those specific coins from getting funding within the 237 00:15:54,760 --> 00:15:59,640 Speaker 1: US market calendars. On July eleventh, the Nothing Company will 238 00:15:59,640 --> 00:16:03,640 Speaker 1: release the second generation of the Nothing Phone aka the 239 00:16:03,760 --> 00:16:07,720 Speaker 1: Nothing Phone two. This is the smartphone that can display 240 00:16:07,880 --> 00:16:10,560 Speaker 1: simple images on the back of the phone has some 241 00:16:10,760 --> 00:16:13,280 Speaker 1: LEDs on the backside of the phone, which is a 242 00:16:13,320 --> 00:16:16,840 Speaker 1: clear back like you can see the innards of the 243 00:16:16,880 --> 00:16:20,400 Speaker 1: phone through the back, but the images that the LEDs 244 00:16:20,640 --> 00:16:25,440 Speaker 1: show will create basic designs like a basic pattern, and 245 00:16:25,520 --> 00:16:29,200 Speaker 1: Nothing calls these patterns glyphs, and those glyphs indicate incoming 246 00:16:29,280 --> 00:16:32,800 Speaker 1: notifications and depending upon the style of the glyph, it 247 00:16:32,840 --> 00:16:35,120 Speaker 1: can tell you what sort of notification it is, like 248 00:16:35,160 --> 00:16:38,240 Speaker 1: a text message versus an email, et cetera. Now, the 249 00:16:38,280 --> 00:16:41,920 Speaker 1: original Nothing phone got decent reviews, but it wasn't widely 250 00:16:42,040 --> 00:16:44,960 Speaker 1: available here in the United States. Apparently the phone two 251 00:16:45,400 --> 00:16:48,080 Speaker 1: will have more of a reach here in the US, 252 00:16:48,560 --> 00:16:50,760 Speaker 1: and one of the big selling points of the original 253 00:16:50,800 --> 00:16:54,360 Speaker 1: Nothing phone was a lack of bloatwear, that is, apps 254 00:16:54,360 --> 00:16:56,840 Speaker 1: that are pre installed on a device that can be 255 00:16:56,920 --> 00:17:01,200 Speaker 1: difficult or impossible to remove. Nothing It only included a 256 00:17:01,320 --> 00:17:04,040 Speaker 1: couple of apps on the device that were necessary in 257 00:17:04,160 --> 00:17:08,280 Speaker 1: order to operate things like the phone's camera. The underlying 258 00:17:08,320 --> 00:17:10,720 Speaker 1: operating system of the Nothing phone is a version of 259 00:17:10,760 --> 00:17:15,760 Speaker 1: Android that, according to reviewers, was pretty closed to stock Android. 260 00:17:16,080 --> 00:17:18,280 Speaker 1: But we'll have to wait until July eleventh, to find 261 00:17:18,320 --> 00:17:21,560 Speaker 1: out how the phone too stacks up against its predecessor 262 00:17:22,000 --> 00:17:25,280 Speaker 1: and the competitors that are already on the market. And 263 00:17:25,359 --> 00:17:28,040 Speaker 1: now to wrap up with some recommendations, I've got a 264 00:17:28,040 --> 00:17:31,080 Speaker 1: pair of articles from Wired to recommend. As always, here's 265 00:17:31,119 --> 00:17:34,760 Speaker 1: my disclaimer. I have no relationship with Wired, nor do 266 00:17:34,840 --> 00:17:37,680 Speaker 1: I know the folks who wrote these articles. They may 267 00:17:37,720 --> 00:17:40,000 Speaker 1: also be behind a paywall. I'm not certain I have 268 00:17:40,040 --> 00:17:43,919 Speaker 1: a subscription to Wired. In my opinion, it's worth subscribing to, 269 00:17:44,480 --> 00:17:47,800 Speaker 1: but anyway, First up as an article titled the US 270 00:17:47,920 --> 00:17:51,840 Speaker 1: is openly stockpiling dirt on all its citizens, written by 271 00:17:51,960 --> 00:17:55,240 Speaker 1: Dell Cameron. The article details a report from the Office 272 00:17:55,240 --> 00:17:58,400 Speaker 1: of the Director of National Intelligence that shows how various 273 00:17:58,400 --> 00:18:01,919 Speaker 1: agencies in the US federal govern are buying up enormous 274 00:18:02,000 --> 00:18:06,040 Speaker 1: databasis of personal information that belonged to American citizens. And 275 00:18:06,160 --> 00:18:08,760 Speaker 1: considering that's the same sort of shady stuff that folks 276 00:18:08,800 --> 00:18:11,280 Speaker 1: are worried about with TikTok, I figure it pays to 277 00:18:11,320 --> 00:18:13,760 Speaker 1: be informed about how the US is doing pretty much 278 00:18:13,800 --> 00:18:17,080 Speaker 1: the same darn thing. I wouldn't say it's a happy read, 279 00:18:17,160 --> 00:18:20,600 Speaker 1: but it's an important one. The second Wired article is 280 00:18:20,720 --> 00:18:24,960 Speaker 1: by Matt Laslow, and it's titled UFO Whistleblower, Meet a 281 00:18:25,040 --> 00:18:28,360 Speaker 1: conspiracy loving Congress. Now you might recall from last week 282 00:18:28,400 --> 00:18:31,160 Speaker 1: I reluctantly talked about a piece written in the Debrief 283 00:18:31,720 --> 00:18:35,320 Speaker 1: about a former US intelligence employee who claims to have 284 00:18:35,400 --> 00:18:38,400 Speaker 1: knowledge of the existence of aircraft that was built by 285 00:18:38,400 --> 00:18:42,479 Speaker 1: some sort of non human intelligence. Now this person hasn't 286 00:18:42,480 --> 00:18:47,920 Speaker 1: actually seen any of this alleged non human created stuff. 287 00:18:48,160 --> 00:18:51,439 Speaker 1: They haven't even seen photographs of it. Instead, they have 288 00:18:51,480 --> 00:18:54,760 Speaker 1: to rely on second or third hand reports. Anyway, the 289 00:18:54,760 --> 00:18:57,400 Speaker 1: Wired article talks about how, in our current environment here 290 00:18:57,400 --> 00:19:01,040 Speaker 1: in the US, unsubstantiated claims can end up going a 291 00:19:01,040 --> 00:19:04,520 Speaker 1: whole lot further than they used to. It's well worth 292 00:19:04,520 --> 00:19:07,520 Speaker 1: a read. On a related note, I also recommend the 293 00:19:07,560 --> 00:19:10,840 Speaker 1: episode of the Michael Shermer Show. It's a podcast, it's 294 00:19:10,840 --> 00:19:14,119 Speaker 1: also available on YouTube, and it is called is the 295 00:19:14,160 --> 00:19:18,560 Speaker 1: Government Hiding Aliens? The too long didn't watch version of 296 00:19:18,600 --> 00:19:22,560 Speaker 1: the answer is no, but Shermer goes into detail as 297 00:19:22,600 --> 00:19:26,760 Speaker 1: to why people should be skeptical of these claims. Those 298 00:19:26,920 --> 00:19:31,240 Speaker 1: are my recommendations. I hope you are all well. I'll 299 00:19:31,280 --> 00:19:35,480 Speaker 1: be back again on Thursday with more news, assuming you 300 00:19:35,520 --> 00:19:39,560 Speaker 1: know news happens so I'll talk to you again really soon. 301 00:19:45,320 --> 00:19:49,960 Speaker 1: Tech Stuff is an iHeartRadio production. For more podcasts from iHeartRadio, 302 00:19:50,280 --> 00:19:53,960 Speaker 1: visit the iHeartRadio app, Apple Podcasts, or wherever you listen 303 00:19:54,040 --> 00:19:58,560 Speaker 1: to your favorite shows.