"you're building this out of your garage correct yeah yeah so the blockchain application i'm actually like you know which excites me personally the most is reimagining enterprise software you're gonna ..."

"you're building this out of your garage correct yeah yeah so the blockchain application i'm actually like you know which excites me personally the most is reimagining enterprise software you're gonna ..."

"with uh a a sexy topic so okay let's talk about using starship as a kinetic weapon uh i thought that was like one of the one of the more amusing posts you wrote do you want to talk more about how this..."

"with uh a a sexy topic so okay let's talk about using starship as a kinetic weapon uh i thought that was like one of the one of the more amusing posts you wrote do you want to talk more about how this..."

"all right there there are a few terms there that uh neither eye nor the audience might know so what is uh what is jdm what is shroud and why are chips a bottleneck here uh like why can't it just be an..."

"all right there there are a few terms there that uh neither eye nor the audience might know so what is uh what is jdm what is shroud and why are chips a bottleneck here uh like why can't it just be an..."

"starship like they're not starship but starlink all those satellites are meant to completely you know fall apart on the orbit i see like one of the implications of that is that these may be less power..."

"that's what i was talking about like with the shroud like something that actually slows you down in the upper atmosphere and then once you're to the velocity where you're not just going to melt then y..."

"thing right like we probably have um maintained versions of decades old technology uh you know i mean we spend so much we've got relatively this this kind of gets into like there's a lot of debate abo..."

"thing right like we probably have um maintained versions of decades old technology uh you know i mean we spend so much we've got relatively this this kind of gets into like there's a lot of debate abo..."

"think through you know you always want to be a little bit wary you know don't want to get overconfident yeah and if um like if if the offensive tech we sent to ukraine is uh potentially better than th..."

"think through you know you always want to be a little bit wary you know don't want to get overconfident yeah and if um like if if the offensive tech we sent to ukraine is uh potentially better than th..."

"think ukraine's military budget was like two billion they have you know professional army they're gearing the and then the other thing is they're an island so you know like russia could just like roll..."

"thing is they're an island so you know like russia could just like roll over the land border into ukraine but you know i mean almost there's just very few successful amphibious landings in history lik..."

"yeah that's comforting to hear let's talk about an area where uh i i have a little bit of a point of contact um i i thought your blog post about software and the inability of it to increase productivi..."

"didn't really know how much about it and then you know i like started looking at like wikipedia and stuff and like all this stuff they're doing and so you know the taiwan just has like a lot of modern..."

"we're fighting you know all this increasing complexity yeah have you have you heard of the waterbed theory of complexity by the way uh i don't think so okay it's it's uh it's something that comes up i..."

"um i i thought your blog post about software and the inability of it to increase productivity numbers i thought that was super fascinating so before i ask you questions about it do you want to do you ..."

"there's kind of like an interesting thing when you start pairing it with management theory and like how it kind of starts tying into some of my other posts is that for a long time when you add up like..."

"there's kind of like an interesting thing when you start pairing it with management theory and like how it kind of starts tying into some of my other posts is that for a long time when you add up like..."

"and there's it's like so extreme that there's this i think it's a famous paper but it's by like liszt cybersen and levitt and they went to the car factory and like you know studied how like the defect..."

"there's this i think it's a famous paper but it's by like liszt cybersen and levitt and they went to the car factory and like you know studied how like the defects propagated in cars and stuff and onc..."

"yeah but you know i think uh one interesting thing about software and complexity is you i think you said a little bit earlier that software is a place where complexity is the highest in our world righ..."

"yeah but you know i think uh one interesting thing about software and complexity is you i think you said a little bit earlier that software is a place where complexity is the highest in our world righ..."

"yeah and it's it's really actually very similar in like car manufacturing and toyota production system if you really get into it it's it's very much the same conceptual framework also there's like thi..."

"yeah and it's it's really actually very similar in like car manufacturing and toyota production system if you really get into it it's it's very much the same conceptual framework also there's like thi..."

"it seemed like there you need one person who knows how everything fits together because one of the uh from what i remember one of the tenants of the toyota production system was you need to have a glo..."

"should only take a couple of seconds and the main process does only take a couple of seconds but some local manager decided that it would be more efficient to ship uh their parts out to get the next s..."

"should only take a couple of seconds and the main process does only take a couple of seconds but some local manager decided that it would be more efficient to ship uh their parts out to get the next s..."

"it would if you're gonna like disconnect these areas of the grid so the equipment to do that is extremely expensive you know like it's not like i'm just like gonna hit a new tab and open a new file an..."

"of or i had heard of this vision of where software's heading where everybody will have a software as a service company and they'll all be interfacing with each other in some sort of cycle where they'r..."

"it would if you're gonna like disconnect these areas of the grid so the equipment to do that is extremely expensive you know like it's not like i'm just like gonna hit a new tab and open a new file an..."

"development and you can but you know the thing is you can still do that within the firm so i think i think i mentioned this is like you know if the government's going to place like like all these like..."

"of or i had heard of this vision of where software's heading where everybody will have a software as a service company and they'll all be interfacing with each other in some sort of cycle where they'r..."

"development and you can but you know the thing is you can still do that within the firm so i think i think i mentioned this is like you know if the government's going to place like like all these like..."

"yeah bern hobart by the way has this really interesting post that you might enjoy reading when you're while you're writing that post um it's like type safe communications and it's about that bezos thi..."

"yeah bern hobart by the way has this really interesting post that you might enjoy reading when you're while you're writing that post um it's like type safe communications and it's about that bezos thi..."

"and then so what does the world look like in that scenario so will we just be like these japanese companies uh these huge conglomerates who are just uh you you rise through the ranks as from the age o..."

"the firm from people who have been there for a long time but yeah that was an interesting difference uh one of the interesting differences at least i mean i i think there's like a diminishing returns ..."

"and then so what does the world look like in that scenario so will we just be like these japanese companies uh these huge conglomerates who are just uh you you rise through the ranks as from the age o..."

"it may not i don't know what that would look like you know like as like a personal level but yeah yeah um okay so speaking of these japanese companies let's talk about car manufacturing and uh everyth..."

"and perform better for them um and another interesting thing about like you that story is almost all lean turnarounds you know like where we're going to implement something like toyota production syst..."

"trying to reduce defects because they're very expensive that's maybe it's it's it's a little bit hard to summarize i think that's my best shot out of there quickly off the top of my head yeah i i the ..."

"yeah yeah that that makes sense was it in your post or in the book where they talked about um no i think it was in your post where you said if if somebody makes their process more efficient and theref..."

"together with like you know that supervisor and the workers in that area then you know you all figure out like what improvements could be together because usually the people already know like this is ..."

"the firm from people who have been there for a long time but yeah that was an interesting difference uh one of the interesting differences at least i mean i i think there's like a diminishing returns ..."

"necessary to have those kind of clauses yeah yeah that that makes sense was it in your post or in the book where they talked about um no i think it was in your post where you said if if somebody makes..."

"a plan like what value consultants could be bringing yeah i think i think there's like we get you know this applies the consultants or like young engineers like a lot of times you put young engineers ..."

"i think i think there's a lot of consultants that you know i don't know how the industry goes but i would guess there's like you know i know accenture has like 600 000 employees or something like or m..."

"based on your recommendation and stephen molina's recommendation i recently read uh the goal and after reading the book i'm much more understanding of the value that consultants bring to companies pot..."

"um i thought it sounded funny but yeah i think i think it's really the idea that there's there's this guy dimming yeah w edwards doing and he like had a lot of found a lot of the same ideas that toyot..."

"i think i think there's a lot of consultants that you know i don't know how the industry goes but i would guess there's like you know i know accenture has like 600 000 employees or something like or m..."

"um i thought it sounded funny but yeah i think i think it's really the idea that there's there's this guy dimming yeah w edwards doing and he like had a lot of found a lot of the same ideas that toyot..."

"that's why they have you know hydrogen cars and not battery cars even though they you know came out with the prius which was like the first you know large sales hybrid um so yeah i think this this who..."

"principles and stuff like that and so i didn't know that their the company would come to be so valuable um it's just like i was just always reading their stock reports and stuff i'm like well i at lea..."

"it it's great mostly i just like tesla because they do such like i agree with their like engineering principles and stuff like that and so i didn't know that their the company would come to be so valu..."

"to like change the whole system so one of the one of the advantages tesla has is well if you're making electric cars like you have just a lot less parts so that makes it easier and then also they're l..."

"their giga casting which saves like tons of parts and deletes like you know zillions over thousands of robots from their process and if you already have like an existing stamping line and all that whe..."

"so there's a little bit of like you know they have lots of they just have lots of like technical data so you could say in a software sense yeah that's super interesting the analogy is actually quite i..."

"it's it's kind of funny yeah i would i would say that in that measure i don't like market cap you need to use enterprise value and the when you start these comp these old car companies have so much de..."

"the the comparison yeah and then uh what i mean one of the interesting things it's similar to your post on software um is that yeah it seems like one of the interesting themes across your work is auto..."

"it's it's kind of funny yeah i would i would say that in that measure i don't like market cap you need to use enterprise value and the when you start these comp these old car companies have so much de..."

"talk about your uh let's talk about your the project uh that you're working on right now the co2 electrolysis um do you wanna do you wanna explain what this is and like what your current approach is w..."

"the the comparison yeah and then uh what i mean one of the interesting things it's similar to your post on software um is that yeah it seems like one of the interesting themes across your work is auto..."

"get before this is um this is uh efficient and i i i if you're turning it into methane or something like that presumably for fuel is the entire process uh energy positive or uh like how cheap would en..."

"talk about your uh let's talk about your the project uh that you're working on right now the co2 electrolysis um do you wanna do you wanna explain what this is and like what your current approach is w..."

"with the more like terraform processes you know their plan is like absolutely ginormous factories you know these these can take a long time to build so like one of the things they're doing is um you k..."

"actual details you said about how this works went over my head so what what is uh what is a flat plate i guess before you answer that question can you just generally describe the approach like what is..."

"to create is along with some side reactions and then these are these chemicals you mentioned i think uh ethanol methane formic acid are are these all just uh fuels or are they uh what are the other us..."

"get before this is um this is uh efficient and i i i if you're turning it into methane or something like that presumably for fuel is the entire process uh energy positive or uh like how cheap would en..."

"the the the ability to produce jet fuel is really interesting because in your energy super abundance paper you talk about um you know like you would think that even if even if we can electrify everyth..."

"actual details you said about how this works went over my head so what what is uh what is a flat plate i guess before you answer that question can you just generally describe the approach like what is..."

"mentioned i think uh ethanol methane formic acid are are these all just uh fuels or are they uh what are the other uses for them uh so the idea a lot of people are taking like a hybrid approach with c..."

"hard to enter again uh what will happen well you know if someone figures out how to build a really cheap electrolyzer and they you know just keep it as intellectual property then you know it would be ..."

"the the the ability to produce jet fuel is really interesting because in your energy super abundance paper you talk about um you know like you would think that even if even if we can electrify everyth..."

"you're making commodities so you don't have the same kind of defensibility that um you know other sectors do i see it yeah yeah okay there's not like network effects i guess yeah so so yeah so not onl..."

"it manufacturable because right now a lot of the electrolyzers like the use in the in the labs like they're literally smaller than a postage stamp and they're very difficult to make so okay i see and ..."

"um which is like maybe the the way i think about it yeah um do you want to talk a little bit like how your background led into this project this is your full-time thing right so i don't know if i'm ri..."

"yeah it's interesting because if energy does become as cheap as you suspected might and if um if this process works then yeah this is like a trillion dollar company probably right if you're going to g..."

"ethereum were so high that i wanted i didn't want to change that link all the time so i tried to use the the pinning feature with like ipns and and like going through because you know cloudflare does ..."

"the line what is the state of this project right now so are you guys planning on starting a company and um yeah like what are the what are the milestones you guys are shooting for right now it is just..."

"um where people can find the site or use something uh some other service to take care of it i mean yeah if transactions are cheap then you just have like you know it'd be all you could automate it all..."

"it manufacturable because right now a lot of the electrolyzers like the use in the in the labs like they're literally smaller than a postage stamp and they're very difficult to make so okay i see and ..."

"i think you just have diminishing returns you know like you can only there's like physical limits of how efficient things could be and as you get closer to that efficiency limit it's harder and harder..."

"yeah yeah and then so i wonder if that's the case then if energy becomes that abundant then does the bottleneck in terms of what our civilization needs will just be the resources that are used to that..."

"i i don't know if i actually interned for protocol labs which is a place that built ipfs uh um oh yeah and yeah so i i got a chance i got a chance to learn a lot of uh about it and then uh yeah like t..."

"one minute so so if you it's like ethereum fees got lower i might i might switch back to that but um you know i don't want to like eventually and i think it will be but you know what if it's like one ..."

"economy it's more specialization you know you can go there's a lot of products that you know you're just limited on your suppliers because the transportation's expensive it reduces working capital bec..."

"more effort so there's some diminishing returns there where if you can just like like it like so a perfect example we were just talking about is oil is quite expensive and natural gas is is expensive ..."

"because like right now if you're a shipping company you have like real working capital problems because your stuff sits on boat for like a month and you've got to finance that and do all this stuff an..."

"are so you start like adding solar to the mix for them like in some of these other technologies it could really be an incredible increase in energy availability for them and you know they aren't even ..."

"yeah okay that's interesting okay and then so for this vision to come to pass do you need energy to is it just enough that energy becomes super cheap or do you need advances in the ability to store th..."

"where you're willing to pay a lot of money so i don't really see the batteries and storage as a limit okay uh so i i i guess i didn't uh i i guess i didn't like if you have something like um like air ..."

"so i love trucks not not as big a fan of freight trains but freight trains are like extremely efficient like literally they get like you know they're like i i can't remember it's like 10 times more ef..."

"like whatever what there's like a huge amount of substitution into right now because it's avoiding nickel um and that it's not quite as good as some of the nickel chemistries but for a lot of applicat..."

"could go overland from china to europe charge just whatever's convenient and you know if that electric plane is has half the operating cost of the jet plane like the amount of freight you're moving on..."

"would be uh you know working on optimization instead of building new products yeah i think um i think in uh jstor hall's new book on we're not booking you at this point but his book on where's my flyi..."

"rid of the liquid and it's just like the the ion has to travel through a solid instead and the the promise is like it could be like a much higher energy density and theoretically cheaper too just beca..."

"nuclear electricity or abundant geothermal electricity like you still have to build all those electric vehicles you still need the batteries for that so like the extra batteries that solar and wind re..."

"in how they use the energy and there's not a whole lot of storage involved like if you're looking at you know growing crops or making methane for rocket fuel or making chemicals like you can design th..."

"and then so i is is the point you're making with the alternative batteries that um even if they're of less um even if they're like worse than lithium batteries they'll will have just so much energy th..."

"well so right now if you think about um you know like airbus they have this like super jumbo thing um i can't remember what that plane this number was but like none of the airlines really like loved i..."

"i like i'm just kind of a believer in like if that existed people would get angry enough that they would loosen up a lot of the rules it seems like impossible to change those rules now but i think lik..."

"rid of the liquid and it's just like the the ion has to travel through a solid instead and the the promise is like it could be like a much higher energy density and theoretically cheaper too just beca..."

"know then just the engineering challenge and and i think there's there's really an opportunity now there like boring company is the famous but you know recently i think there's a hacker news another c..."

"nuclear electricity or abundant geothermal electricity like you still have to build all those electric vehicles you still need the batteries for that so like the extra batteries that solar and wind re..."

"well so right now if you think about um you know like airbus they have this like super jumbo thing um i can't remember what that plane this number was but like none of the airlines really like loved i..."

"stuff so managing the spoils which is like you know like they have like mutt carts a lot of times i think maybe it's basic trying to do a conveyor belt but you could also just make it a full liquid an..."

"right yeah so yeah i don't know if like physically the cities will look that much different but like their effective economic size will be much larger because you know you could you could live in you ..."

"aircraft under certain situations even avoid some of the screening requirements because they're just not as dangerous you know if you only have if you have a small plane there's only so much damage yo..."

"yeah i think i think it's actually the opposite you know like if you have tunnels and if you have um you know some like these alternative methods to cars and you use cars less and i think like in in m..."

"you know new roads and everything without imminent domaining and taking people's land away from them when they don't want to lose their land and i think like it's in that process it's so people it mak..."

"right and it's the same for like if you want to live in a small town that's just happens to be you know now would be too far to commute to a city but you could in the future yeah yeah more choice i se..."

"spacex one and i forgot the name of it but yeah it's it's like this insane thing it's uh proofrock yeah exactly yeah yeah it's you know it's like pretty big but it's apparently it's all electric which..."

"we carry our cuttings in mud and we pump it but yeah and then they have the other big challenge is they have to keep the walls from caving in on them um so that's like there's like a like current bori..."

"dream vitol application is like a a nuclear-powered quadcopter that carries like a container so you can take the container like directly from you know the factory and in vietnam or wherever directly t..."

"could commute there you know three times a week or whatever it is five days a week yeah yeah it's super interesting but does that imply by the way that if the uh if the commute time stays the same and..."

"is cheaper too but what are the other consequences is spinning up an aws server just becomes trivial now and then uh building a deep learning model costs like nothing in terms of gpu time uh what woul..."

"industrial revolution i wonder if you could use a process like this um with carbon sequestration to actually just build up these kinds of reserves um i don't know if like some long-term is like really..."

"they don't have any problem to like commuting to work using a vtol or something so then you would have what you would end up seeing is like these walkable neighborhoods and then like industrial zones ..."

"eventually like my like dream vitol application is like a a nuclear-powered quadcopter that carries like a container so you can take the container like directly from you know the factory and in vietna..."

"yeah i mean if you if you just think about like the the large scale if you're going to be like kardash whatever scale situation civilization where you're using like immense amounts of energy like that..."

"is cheaper too but what are the other consequences is spinning up an aws server just becomes trivial now and then uh building a deep learning model costs like nothing in terms of gpu time uh what woul..."

"so um yeah and it's not like that you know you the wind turbines are easy are relatively easy to site like because you pay people you'll actually see like they never put above ground power lines on th..."

"industrial revolution i wonder if you could use a process like this um with carbon sequestration to actually just build up these kinds of reserves um i don't know if like some long-term is like really..."

"um so i think the solutions for very large reactors are are pretty hard um it's pretty difficult and there's a lot of reasons why why did we make these weird choices well a lot of stuff just reacts po..."

"future is you create products that impact less people's lives or have the potential to impact less people's lives and also are not substitutable and i think that means small reactors like if you have ..."

"yeah i mean if you if you just think about like the the large scale if you're going to be like kardash whatever scale situation civilization where you're using like immense amounts of energy like that..."

"so um yeah and it's not like that you know you the wind turbines are easy are relatively easy to site like because you pay people you'll actually see like they never put above ground power lines on th..."

"before where it's like selling to the grid and the large power plant is like well i can do that lots of ways and if you think think through this lens then you see like the entire nuclear debate is you..."

"thing with fukushima is as i understand it like they were able because it was on the ocean with fast currents they were able to use like a lot of sea water to keep the reactor from getting too out of ..."

"um so i think the solutions for very large reactors are are pretty hard um it's pretty difficult and there's a lot of reasons why why did we make these weird choices well a lot of stuff just reacts po..."

"know in deregulated power markets because you you know you lose money but there are places where it could make sense you know some places like in europe have very expensive electricity and japan and s..."

"their plant like around there so the what the industry did and what nrc did is they uh move to probabilistic um risk assessment which is like you know usually the gold standard like people are really ..."

"info which is like the industry group that's very much like a german style industry group it's very powerful their goal with nrc was like reduce the nuclear rules by like one-third and then you also h..."

"nuclear power which would be a better future is you create products that impact less people's lives or have the potential to impact less people's lives and also are not substitutable and i think that ..."

"energy source that can compete with it on energy density so you can do things you could never do before where it's like selling to the grid and the large power plant is like well i can do that lots of..."

"the same as you i don't know too much about their specific technology but if you're pursuing a direct conversion technology it's just you're you actually have a chance of success you know i think a lo..."

"if that really matters but i think the main thing is because the pro precautionary principle people are still going to get removed from their homes and people don't like that let's see i'm making it f..."

"farmless paper and like how do i make money it's like okay well i should find legal ways to acquire you know this information and then i don't have to be you know a super genius to make money on yeah ..."

"solar panels or you know all these other technologies that you could do and you know then there's a whole argument oh well nuclear can do this and that but you know i think the the people building the..."

"and i think there was actually a paper i think i think it was on marginal revolution a couple years back so i'm pulling from my memory here so it could be missing a little bit but basically it studied..."

"it's very complex like i'll give one example the browns ferry accident the main thing that came out of that was you can't have control cables for safety systems on redundant safety systems on the same..."

"worth whatever like dozens of millions of dollars you're paying him yeah yeah i'm generally a proponent for letting the market decide that yeah yeah okay and then another way you suggested that maybe ..."

"that basically makes you uncompetitive at most on most deregulated power markets yeah so i mean there's startups who have uh plans to do direct energy conversion i don't know how feasible those plans ..."

"just like specific knowledge can can juice your your returns i mean it's like a type of specific knowledge well what do you mean it should have specific knowledge well i mean to build a brand like y c..."

"farmless paper and like how do i make money it's like okay well i should find legal ways to acquire you know this information and then i don't have to be you know a super genius to make money on yeah ..."

"but i guess if you're going to do these blog prizes i don't know if the blog price you know because the blog prizes are about specific topics i don't know if that how much that helps the efficiency th..."

"more maybe it would have it would have been better yeah yeah okay austin this has been a lot of fun thank you so much for uh i think we're two hours over at this point so thank you so much for your ti..."

"they don't they no longer accept outside money and uh and then the interesting thing about labor is like the reason that buffalo was able to earn those access returns in the beginning was because of t..."

"worth whatever like dozens of millions of dollars you're paying him yeah yeah i'm generally a proponent for letting the market decide that yeah yeah okay and then another way you suggested that maybe ..."

"yeah yeah yeah interesting um is the market for blogging efficient so now there's actually financial rewards to blocking that's not you know the effective ideas block prize there's other kinds of gran..."

"gain an audience yeah i do think i do think that and you know i don't know what the what the counterfactual is you know we don't know about the people that didn't be you know didn't have posts go to h..."