Item Number: Y0007 Type: Video Transcript
Content
Episode 5 - Shortage
Transcript:
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so that I think that the internet is going to
be one of the major forces for reducing the role of government
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the one thing that's missing, but that
will soon be developed is a reliable eCash
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'massive worldwide chip shortage' - 'earnings being caught by up to two billion dollars'
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'we don't have these chips we're in trouble'- 'It's been months and you still can't buy a PlayStation 5...'
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computer-chips, fertilizer, energy
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important commodities abundant for decades
are disappearing. we're seeing this impact from two sides
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in some cases manufacturing and supply chain challenges are reducing available supply despite our best efforts
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in other cases politicians
are bending over backwards to create shortages
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environmental concerns about nitrogen restrict
agriculture and, consequently, food supplies
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war in Europe blocks the supply of Russia natural
gas. And Germany where environmental concerns
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have also restricted nuclear power Google searches
for firewood are skyrocketing
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what happened to the Future? Where are the modern solutions to these seemingly simple problems?
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time and time again political problems rewind technological progress. Libraries are burned, civilizations collapse
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but how do you rewind a blockchain? Even if
political forces succeed in knocking back a few blocks
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the public nature of blockchains allows
the entire world to see what happened
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the same is true for open source software technology.
Once the code is published, it's exponentially
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more difficult to erase that progress. Every step
forward is instantly available to the entire world
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amid Rising political attacks on technological
progress the importance of such robust systems
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and anti-fragile growth has never been higher
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