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Building Tomorrow
Crypto History
Cryptocurrency is, ultimately, science fiction. That isn’t an insult. It is science fiction in the sense that decades before you could set up a cold wallet, trade crypto, or hodler Bitcoin, the idea that one day there would exist a vast, distributed digital currency as an alternative to fiat money was a fiction, a thing that existed only in the imaginations of a handful of geeks, programmers, and weirdos. And it is science inasmuch as those same people, through generations of trial and error, actually made that fiction reality.
Professor Finn Brunton joins our show to discuss his latest book, Digital Cash, which is about those innovators—anarchists, socialists, libertarians, and everything in between—and the stories that they told, stories powerful enough to fabricate something worth billions of dollars out of nothing and, possibly, permanently transform the future of money for good or for ill.
How is digital data valuable? How do you find ways that can limit the ways that data can circulate? What does ‘passing current’ mean? What role does trust play in the exchange of currency?
Further Reading:Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency, published by Princeton University Press & written by Finn Burton.
Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency, written by Finn Brunton
Stuff and Money in the Time of the French Revolution, written by Rebecca L. Spang
Related Content:The Future of Banking, written by Pascal Hügli
What’s in Your (Crypto) Wallet?, Building Tomorrow Podcast
Facebook Friends Libra, Building Tomorrow Podcast
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The Future of Stuff
48:40|Your home is full of technological miracles, devices that your ancestors would have regarded as near magic because of the life of relative ease they provide us with. However, something is changing. In the past, we got richer by owning more stuff; but in the future, we will have more by owning less. In this final episode of Building Tomorrow, Paul talks with Cory Doctorow, Michael Munger, Ruth Cowan, and Chelsea Follett about the past, present, and future of material possession.One Landfill's Trash is the Future's Treasure
43:39|If you're the kind of person who carefully sorts out your recyclables from your trash, cleans it, and puts it out in the blue bin for pickup, you probably don't realize that as much as 90% of that material either just ends up in a landfill or, worse, is dumped into the ocean. Indeed, much of the plastic litter in the Pacific Ocean is the result of our well-intentioned but misplaced efforts at recycling since the 1990s.In this episode, we talk to an environmental economist, landfill scientist, and blockchain engineer about the future of our waste. We can efficiently sort and store our plastics in landfills for future mining operations, incentivizing good behavior via cryptocurrency rewards. We can incinerate our waste in hyper-efficient facilities that power cities and reduce our carbon footprint. Building Tomorrow means building more and better landfills.The Underpopulation Crisis
49:47|People are afraid. Afraid that they are consuming too much, emitting too much, having too many kids, and running the planet into the ground. Eight billion people seems like too many. But a growing number of experts are sounding the alarm that a far worse problem is on the horizon, an underpopulation crisis. People are having fewer kids and countries are aging. For example, by the end of the century Japan will halve its population. Those who remain will be older and poorer. We need more people, not fewer, if we want to find innovative solutions to climate change and resource crunches. For music attributions see: https://www.libertarianism.org/podcasts/building-tomorrow/underpopulation-crisisData is the New Guano
46:21|What happens when a raw material that is valueless suddenly becomes valuable? If it's bird guano in the 19th century, you mine it and save the agricultural economy. If its data in the late 20th century, you collect it and create a new digital economy. Music attributions can be found here: https://www.libertarianism.org/podcasts/building-tomorrow/guano.
Building Tomorrow is Back!
03:52|The Building Tomorrow podcast is back in a new format. This season we will be focusing on wanting more. The desire for more embraces a prosperity mindset, the belief that growth and wealth are not a zero-sum game. We will release one in depth episode per month for 6 months. We would love for you to listen along as we long for more immigrants, more data, more houses, more mammoths, and more. Happy listening!
Building Tomorrow: Under Construction
02:00|We have a special announcement about the future of Building Tomorrow. Stay tuned.
Can We Fix U.S. Politics? (with Lee Drutman & Dan Bowen)
49:17|If voting leaves you feeling tired and vaguely dissatisfied, you're not alone. Over 60% of voters aren't happy with the two party duopoly that dominates US politics; others hate the flood of negative campaign ads or feel that politics is too big or too distant to be able to effect via the voting process.But there is hope! This week, Paul talks to two political scientists, Lee Drutman and Daniel Bowen to talk about how ranked choice voting, multi-member legislative districts, and packing the House of Representatives could save our democracy from its dire situation.
The Pandemic Can't Stop, Won't Stop the Techlash
47:51|There are some things that even a pandemic cannot stop. One of those things is political pressure to "do something" about Big Tech. Paul checks in with Matthew Feeney and Will Duffield to get an update on the state of the techlash. Furthermore, this year many of the major social media platforms have ramped up their fact-checking operations in an attempt to combat disinformation about the pandemic and partisan politics, but it is possible that they have opened a Pandora's Box of unintended consequences by doing so.