In their annual transparency report, Kraken reported seeing a 50% increase in regulatory inquiries as compared to 2018, which CEO Jesse Powell later revealed cost the exchange more than $1m. Between this and stories like the $2m it cost Blockstack to raise $23m in an SEC compliant token sale (8.7% of the raise), it begs the question: will compliance costs fundamentally limit innovation by demanding big war chests to play? Will the most successful companies be those who (like Block One) simply raise enough to pay off the regulators on the back end?
We also look at new mining interests in Texas and what it means for American mining and bitcoin mining in the lead up to the halving more broadly, as well as dissect an op-ed from the IMF’s chief economist on the strength of the dollar over digital alternatives.
Topics discussed
Kraken annual transparency report shows off growing regulatory inquiries and increasing cost of compliance
Grant Sanderson is a math educator and creator of 3Blue1Brown, a popular YouTube channel that uses programmatically-animated visualizations to explain concepts in linear algebra, calculus, and other fields of mathematics.
This conversation is part of the Artificial Intelligence podcast. If you would like to get more information about this podcast go to https://lexfridman.com/ai or connect with @lexfridman on Twitter, LinkedIn, Facebook, Medium, or YouTube where you can watch the video versions of these conversations. If you enjoy the podcast, please rate it 5 stars on Apple Podcasts, follow on Spotify, or support it on Patreon.
This episode is presented by Cash App. Download it (App Store, Google Play), use code “LexPodcast”.
Here’s the outline of the episode. On some podcast players you should be able to click the timestamp to jump to that time.
00:00 – Introduction
01:56 – What kind of math would aliens have?
03:48 – Euler’s identity and the least favorite piece of notation
10:31 – Is math discovered or invented?
14:30 – Difference between physics and math
17:24 – Why is reality compressible into simple equations?
21:44 – Are we living in a simulation?
26:27 – Infinity and abstractions
35:48 – Most beautiful idea in mathematics
41:32 – Favorite video to create
45:04 – Video creation process
50:04 – Euler identity
51:47 – Mortality and meaning
55:16 – How do you know when a video is done?
56:18 – What is the best way to learn math for beginners?
59:17 – Happy moment
With each new year comes a wave of good intentions as people aim to be better. They want to lose weight, exercise more, be nicer, drink less and smoke not at all. They want to change behavior, and as Susan Michie knows well, “behavior is related to absolutely everything in life.”
Michie is a clinical and health psychologist who leads the Centre for Behaviour Change at University College London. She specializes in behavior related to health – for behavior or health practitioners, patients and population as a whole – and in looking at how behavior impacts the natural environment. And while you might think that the essentials of human behavior are pretty similar, one of the things Michie quickly tells interviewer Dave Edmonds in this Social Science Bites podcast is that it can be unwise to jump to conclusions when studying behavior (or trying to change it).
She notes, for example, that lots of behavioral research is done in North America, where there’s relatively abundant funding for studies, “but the biggest need [for research] is often where there’s the least investment. There’s no point in developing an intervention based on research evidence conducted in parts of the world that are very far away from the type of context we want to implement the findings in – only to find out it’s not going to work.”
So yes, she says, do look at both the rigour of the research, but also base any potential application of the findings on deep understanding of local conditions and using local knowledge.
Michie and her team describe this using a model, COM B, to account for the ‘capability, ‘opportunity’ and ‘motivation’ necessary to change behavior.
Changing behaviors is important – “In order to solve any of these big social challenges we need people at different positions in society to change their behavior” -- so these considerations matter. But that begs the questions of what behaviors need changing – and who decides what those selected behaviors are..
“There’s a big issue about who decides what the key issues are,” Michie says. “But I think there are certain problems which are very self-evident – there are people dying unnecessarily as a result of smoking, obesity but also environmental conditions – poor housing, etc. There are areas where the social consensus is that things needs to change, and I’d say those are the ones we start with.”
In the interview, Michie also addresses the ethics of behavior change and how algorithms and machine learning will be “absolutely vital” to parse through all the relevant data . Her own Human Behaviour Change Project is a collaboration between behavioral scientists and computer scientists combing the global literature to see what works, with an initial focus on smoking cessation. A comprehensive tobacco control strategy, she details, involves those infamous “nudges” beloved of policy makers, but also the legislation, services and taxation, that need to work synergistically to effect real change.
Michie had a long career as a research fellow and clinician before joining the Psychology Department of University College London in 2002. She’s a fellow of the Academy of Medical Sciences, the Academy of Social Sciences, the Academy of Behavioral Medicine Research, the Society of Behavioral Medicine, the European Health Psychology Society, the British Psychological Society and a Distinguished International Affiliate of the American Psychological Association.
After chaotic scenes in the National Assembly, it seems the country’s legislature has two leaders. Has Juan Guaidó’s chance at regime change run out of steam? Allegations against Harvey Weinstein sparked the #MeToo movement; as he stands trial in New York we examine how the movement is progressing. And unpicking the weird theories for Sudan’s nasty traffic. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/radiooffer
In which the Byzantine throne is contested by various Machiavellian schemes willing to mutilate the noses of their political rivals, and John reveals which Marx brother he is most sexually attracted to. Certificate #34954.
SmileDirectClub abandoned its direct-to-consumer ways to launch in Walmart stores, but it’s missing one big thing: Its core product. Taser-inventor Axon acquired a rival last year, but now it’s been accused of running a taser monopoly. And Yum Brands happens to own Taco Bell, Pizza Hut, and KFC, but now it’s acquiring a burger chain — so why burgers, why now?
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In this episode, the Goods from the Woods Boys are kicking off the New Year right by sitting down with two of the funniest comics in L.A.: Anna Valenzuela and Stuart Thompson! Anna and Stuart have just recently gotten back from an amazing comedy trip to East Asia where they traveled and performed in the Philippines, Malaysia, Singapore, and Thailand and they're here to all us all the juicy details. This episode is so damn funny and it's also a PERFECT way to settle into 2020. Follow Anna on social media @AnnaVisFun and follow Stuart @StuartBThompson. Follow the show on Twitter @TheGoodsPod. Rivers is @RiversLangley Dr. Pat is @PM_Reilly Sam is @SlamHarter Carter is @Carter_Glascock Mr. Goodnight is @SepulvedaCowboy Subscribe on Patreon for a Bonus Episode every week! http://patreon.com/TheGoodsPod Pick up a Goods from the Woods t-shirt at: http://prowrestlingtees.com/TheGoodsPod
Right now, when it comes to fundraising, it certainly looks like Bernie Sanders is winning. In the last three months, his campaign has raised more money than any other Democrat in the field. And with just a few weeks left before the Iowa caucuses, Sanders is in a three-way tie for the lead alongside Joe Biden and Pete Buttigieg. How is he pulling this off?
Guest: Ryan Grim, D.C. bureau chief at the Intercept. Read his latest story is about the Sanders campaign.
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Podcast production by Mary Wilson, Jayson De Leon, Danielle Hewitt, and Mara Silvers.
Former White House National Security Advisor John Bolton said that if he’s subpoenaed by the Senate, he’d be willing to give up the goods. We discuss the GOP reaction and what else is new in Trump’s impeachment.
Film producer and accused rapist Harvey Weinstein went to trial in New York yesterday. At the same time, he was indicted for similar crimes in Los Angeles. Things are not looking good for Harvey.
And in headlines: memories of Pier 1 Imports, Judge Judy gavels for Bloomberg, and helping out in Australia with the power of nudes.
Some dairy farmers in Massachusetts are using food waste and manure to create renewable energy. Each farm produces enough to power about 1,500 homes. Not only does this process create electricity, NPR Science Correspondent Allison Aubrey tells us it also prevents the release of methane, a greenhouse gas. Follow Short Wave's Emily Kwong on Twitter @emilykwong1234. Email the show at shortwave@npr.org.