Stephanie, Andreas, Jonathan and Adam sit down for our last conversation of 2017. In this wide ranging discussion we talk about the current state of bitcoin usability, how best to handle the current environment and more.
This episode of Let’s Talk bitcoin! was sponsored by EasyDNS.com and edited by Matthew Zipkin. This episode featured music by Jared Rubens & the New Time. Any questions or comments? email adam@letstalkbitcoin.com
Recalling State Change #40 Weaponized AI propaganda machine, we discussed at length the value of attention. Today we take this subject to it?’?s maximum extend. Software engineer Simon de la Rouviere and biochemical engineer Meher Roy shed light on how the battle for our attention is the basis for the online economy. We see it in the business models of two of the biggest companies on earth?’?Š?'”?’?ŠFacebook and Google.That ever present question of how blockchain will affect these dynamics hangs over the discourse. Simon envisions a post scarcity world in which the only remaining economy is the attention economy. Meher takes a more conservative position. Between these two perspectives we get a foundational understanding of the dynamics involved, and a view of how they might evolve.
Railroads slash capital spending, and CSX digs deeper, after two years of Freight Recession.
CSX reported quarterly earnings on Wednesday. Revenues increased 9.5% from the terrible quarter a year ago, which had been the worst quarter in terms of revenues since Q1 2010! So it’s no big feat to beat last year’s fiasco quarter. At $2.87 billion in Q1 2017, revenues are sill 5.3% lower than they’d been in Q1 2015. This time, moribund coal shipments had increased.
Since March, there’s a new guy at the throttle. Hunter Harrison is known as a cost cutter. And that was the theme of the earnings announcement. The railroad said that it plans to cut costs further. It had already slashed its capital spending plans for 2017 by 18% to $2.2 billion. Now more cuts for 2017 are likely.
Wall Street loves that – without considering the broader ramifications: Cuts in capital spending turn into lower revenues for their suppliers. But CSX isn’t the only one.
Custodial Bitgo Clients Can Now Access Genesis Global’s OTC Pools News On Wednesday, cryptocurrency custodial service Bitgo and over-the-counter (OTC) brokerage house Genesis Global announced a partnership to provide fast and secure trades directly from […]