Thanks to pfizer well have a vaccine by the end of First Quarter that news sent the market soaring. The dow is only surging 830 points that tech heavy nasdaq, the demand of so many stocks that did well under covid19 tyranny lost in an astounding 1. 53 . What a bifurcation it is also the time. We are in the middle of a spike of infections. New cases are exploding over the country, over 100,000 a day and even the weekend we are much treating it in the spring that only matters if we have enough hospital beds a lot of people are having cavalier attitude. Hey, you are fine unless you are old. Well, guess what, a lot of us are old. The sense is understood and respected. When you have more than 100,000 new infections everyday, you are looking at a lot of fatalities we need this the truth is we tried to fight the pandemic state by state. That failed. Europeans are failing too, i know, asia is doing great. If we were serious of Contact Tracing and social distancing and wearing masks, we may be
Employees are walking off the job after the ceo barred political activism at work. We will have a live report. Venture a longtime capitalist who just took his company opendoor public dont just for look at public and private markets amidst a pandemic and an election. First, stocks climbing on speculation a stimulus plan will get done. Doolittle, walk us through the Market Action today. Abigail something a bit new today, thats the fact that markets were relatively calm, although the word relatively is important. We did have a bullish ending for stocks, the s p 500 finishing at its best level since early september, and for the most part stocks were higher all day. There was one little wobble late in the morning here on the east coast when speaker of the house nancy pelosi said she wont accept a skinny deal on the airline stimulus are bailout for the airlines unless it is colluded included in a bigger deal. Action withe more the dow transport, another. 8 percent. About then that headline c
Readers. Thank you, everyone. Its such a pleasure to be here and ive really enjoyed this opopportunity to talk to you about the by far the most peculiar book ive ever written in a longshot. I hope to share that with you today as well as frame some of the questions and issues that it raises. This is a book of one how and several competing whys. The how is, h would you go about creating a digital equivalent for currency, cash and coin . This is a significant technical challenge. You need to create an object trivial to transact, impossible to forge. It must be easy to verify to prove it is what it claims to be under conditions and con saints for all kinds of people and it must be able to carry the information about what it is and what its worth without generating information about how its used for by whom. And it has to do this on platforms, networks a and machines that generate effectively perfect copies and transaction laws and records in their very functioning. In other words, figuring
Duplicate. Easy to verify, prove it is what it claims to be under all kinds of conditions and constraints for all people. You must be able to carry the information what it is, what it is worth without generating any information how it is used or by whom and has to do this on platforms and networks and machines that generate effectively perfect copies and transaction logs and records. So to figure out the how of how to make Something Like cash digital is a very tall order which raises the question why you would need to build such a thing. Answering the question will take us from fighting surveillance to libertarian theories of economics and the pursuit of human mortality and all of thes agendas fed into the creation of bit coin and the cryptocurrency a block chain currency today. Its not just the story of building a new payment platform but a deliberate attempt to engineer a future society through the mechanism of money a utopian project i like to call the speculative currency projects
And this is one how and several competing wise. How do you go about getting the digital equivalent for currency for cash and coining it is a significant technical challenge and you need to create a Digital Object that is difficult to forge and duplicate. Easy to verify, prove it is what it claims to be under all kinds of conditions and constraints for all people. You must be able to carry the information what it is, what it is worth without generating any information how it is used or by whom and has to do this on platforms and networks and machines that generate effectively perfect copies and transaction logs and records. So to figure out the how of how to make Something Like cash digital is a very tall order which raises the question why you would need to build such a thing. Answering the question will take us from fighting surveillance to libertarian theories of economics and the pursuit of human mortality and all of thes agendas fed into the creation of bit coin and the cryptocurre