👋 I'm the VP of Editorial Strategy here at Hacker Noon. I also make podcasts and write stories.
What's David's hot take on Facebook's pivot to audio? Hands up if you think the Mars Helicopter video is a deep fake! ALSO: are kids growing up during a global panini more likely to get face tattoos? 😱 Shoot the shit with Hacker Noon's Editors —
You can also watch the recording on Hacker Noon's Youtube channel:
Read the tech stories talked about this podcast:
1. Open source goes to Mars by Nat Friedman for The GitHub Blog
2. Five takeaways about Facebook's pivot to audio by Casey Newton from Platformer
4. Cannabis banking act passes U.S. House with bipartisan support by Matt Burns (lol) for Tech Crunch
*This transcript was generated by the robot that lives inside Descript and has not yet been fully edited for human-level correctness.
Boom! Utsav you weren't here last time. Basically what we did was whoever picked the articles, summarize them pretty shortly, and then we discuss anything that, that makes you think of, and then we retire is the idea.
Got it sounds fun.
this week on planet, internet with the hacker noon editors, we have
David Utsav, Amy and myself, Natasha. Speaking of planets. Let's start with some props to the 12,000 developers GitHub says contributed to ingenuity software via open source. this is referring of course, to the Maiden helicopter voyage in the Martian atmosphere. pretty cool initiative from GitHub.
They're going to put Mars 2020 helicopter mission badge on the GITHUB profile of every developer who contributed to the specific versions of any open source projects and libraries. Used by ingenuity. What do you guys think of that? And what do you think of space as a concept? As a destination on your list, or nah?
This is truly the beauty of open source, I feel
I would like to go to, I definitely would like to go to a space.
I know how I feel about that.
Like, how do you guys notice that whenever, like something is like related to governments space, it's always open source, close source, like stairs, just empty offices. We had this big news come out of the idea that every government employee was asked to learn how to use Lennox, because nobody wanted to pay for windows.
And we can see something very similar with these guys. They have billions of dollars of budget, but they always want to go up. And so it's what do you guys think? Is it because of the security or does it because people want to save that last time
I think it's definitely like saving the cost for sure. If they go open source and it's like community driven and more marketing, perhaps a better word of mouth, and then they don't have to pay the developers. Woo. What a win,
whoever and sources. It naturally has an powerful market position. So the government wants to not have space be privatized. So I think if the government comes in from an altruistic point of view and says these best thing about space should be open-sourced, they're more likely to gain. Market share of the space industry in the future. So I think it's all selfish and people are self-driven. And also really, it's a badge on a profile, don't get too crazy.
People will go nuts for those badges though. I feel it's like a pride badge of honor licking me. I helped develop the Mars.
How would you describe the design of the badge? Who wants to do that for our audio listeners?
It looks like a drown on its way to Mars against a nice purple space looking sky.
Have you seen what you're describing as a drone is the helicopter
Have you guys seen the video of the helicopter flights? This is what I love about space travel the most, I think and all of the recent news around it is that every time you hear Amazing footage of X, Y, Z, happening on space. And then you check it out. this video for our listeners, first of all, get like spotting aforementioned drones slash helicopter,
it likes like getting placed in the middle of the Sahara desert.
there's nothing. See, this is why I don't really necessarily want to go to space. It looks like there's nothing,
it looks like a mosquitoes flying, as you say, in the juice of some kind of Sub-Saharan African landscape, but this is a big deal. And I think it was 39 seconds.
Absolutely. No life there. There's no plants. There's no animals, nothing. It's just rock. It's just a giant rock.
All right. Let me be the paranoid one. Anyone thinks this is a deep fake,
That's why they have to save money on it has to go open source. They did not have the budget. Makes sense. Somewhere that it was saying that even landing these tags on whether it is the moon or the surface of Mars, it needs to be at a very specific speed. It cannot go over. It cannot go under, they have to control the speed, right from the light. Detachment from the actual whatever shuttle goes in and then what gets dropped over there. And they have lost so many rovers or whatever they called, just because they were not able to get the speed. It was all a few like meters per second or something like that. And they lost those little words. It's quite exciting when you like, read about these things and say, okay, now we can do that.
Exactly. And just how territorial everybody gets about it. There's a lot of grades thinking and rising about space on hacker noon, for example shout out to one of my favorite space writers, Monica Hernandez, and Anthony Watson recently wrote about the United States and using the space race. It's always yeah, hyper competitive.
But speaking of races being raced and won. Well Last what do we think of Facebook's pivot to audio? Casey Newton, independent journalist. Quote unquote launched a discord server called side channel over the weekend with some fellow independent journalists. And then just as casually interviewed Zuckerberg on it on Monday. And this is obviously part of, some kind of PR Zuckerberg is doing there's a lot of creator first messaging around it. The summary of what Newton means when he talks about the Facebook's pivot to audio is sound soundbites, which is a new format for creative short form audio. Much like TikTok then also long form audio, obviously trying to capitalize on podcasts, and then of course, compete with clubhouse compete slash copycats. However you want to look at it. So how do you guys feel about Facebook's pivot to audio?
I think it's so interesting. obviously millennials. Are extremely drawn to podcasting. I think that's the, they're the big age group that's interested in the audio format. And I think it'll be interesting to see the short term audio format, like a TikTok version and how that interacts with gen Z.
Spoken like the hacker noon podcast hosts.
A few things here. Stand out to me. Real validation for clubhouse that. Facebook has to partner up with Spotify to power this. So that's like really big validation for clubhouse in terms of the big boys have to team up to try and take out your market share relating to hacker noon. Great to see that they're experimenting with an emoji as processing the tip, as we look at using the money bag emoji for our writers.
So Cool to see that that behavior is happening, even if we didn't get there first, obviously we're not even in the same realm as a, whatever the hell Mark Zuckerberg is doing on a Tuesday much different than our Tuesday is it's. Yeah, I think Facebook just waits for someone else to do it well, and they do it.
It's almost at this point where it was a German company, the rocket and internet that they just waited for every imitator and then they rebuild it in Germany. I think like the older Facebook gets the more some of their choices seem to be about that and not about their users.
Yeah. Did anybody notice that it said Facebook's currency stars. What happened to Libra?
What happened to Libra?
MasterCard pulled out. Visa pulled out, everybody else started to fall out and I'm seeing like Facebook currency is now stars. Okay.
Did you hear of stars before this article?
No. I just saw this.
Super casual, Mark Zuckerberg, super cash. The other cool thing about this article that I think Casey actually does. A good job of explaining is like when Facebook did pivot to video, they made, positioned it publicly as this is something for the little guy, but really they were commissioning all the big guys, CNN on down to produce videos on their platform. And then once they had enough videos, they started cutting off distribution of the big guy. And here you see again, Zuckerberg is saying, this is all about the little guy, but what they're going to do is seed the marketplace heavy. And they're going to bring in the influencers. They're going to bring in the power players and bring in these big audio rooms and compete with clubhouse.
And so they're there. They are doing this thing where like, how are they spending their money versus how they're talking about it. And there's a clear diconomy happening that Casey can call him out. Cause he, he can message Mark Zuckerberg and he knows them enough, but he also wants him to message again and come back to his discord server. So he's not going to go as far as calling out exactly how this money behavior is different from what he's saying, but you walks the line. If you go back and forth on this article that I appreciated it. Yeah.
Facebook is always about making money and never about their user. Not rarely about small businesses either.
So yeah. Can I share a random face thought with you guys? So I was in the park. All right. Watching my daughter. And there's all these kids with masks. And I was thinking like how this changes their development and here's obscure gut prediction is people that live during the pandemic from four to 10 are much more likely to get face tattoos later in life than the generation before them.
Whoa. Oh, yeah. What do you think outside the box? This is what Facebook made me think of. I hope not. I hope not either, but there are good. I think there are some developmental things is going on that may not be healthy for future tattoos, with the volume of mass that everyone's wearing. But this is probably something I should put all of our listeners under NDA for let them know. This is a thought that I don't want distributed. That's all interesting.
I'd be budded about what is it that these guys would be bad doing on their faces? Cause our changes like every five or six years, and we just have no idea what is it that they find cool? That is a very different definition of school back in our days, or at least my date because the museum.
You have face tattoos, travis Barker, who, for those of you who were born around my sort of generation is the drama for blink one 82 So anyway, Travis Barker posted a happy birthday, Instagram too. Was it Chloe Courtney, a Kardashian of her sucking his, he's heavily tattooed, which is the lens. It's a crazy time to be alive. to bring it back to Zuckerberg I'm with Amy on that, on, I just don't trust it. I don't trust anything, no. Cause he seems like all he wants to do is affect his triple bottom line. He doesn't give a shit about what effects his users or small businesses or anything like that.
Like on Facebook as a small business, you can't do anything unless you put money into your post. And yet he would still rather let you own your audience and then pay you. I believe one of the takeaways from this is that he's going to follow the sub stock model of you can take your subscribers with you, should you want to leave one day which is apparently a big Juul card as opposed to monetization, which I think is interesting and maybe not that's sustainable.
Don't you love this right here. Stop on that line. The stub stack margin is Facebook's opportunity. See my ethics disclosure about sub stack. Every time it's mentioned, he has to put it's okay, great. They take 10% and they send your email. Like it's that's what they do. And Zuckerberg is coming in and this is where Zuckerberg is clearly. Going closer to the credit card fee is much more reasonable and being more like two or 3%. Like sub stack taking 10% of your subscriber base. Great. I can take my emails list with me, but your tax is like higher than the state income tax or depending where you are sales tax. You is generally less than 10%. So it's pretty high to process a transaction. So I think Facebook doing this is going to make sub stack drop their revenue, share to stay competitive, which is a good thing for anyone who sends an email.
That's interesting because the draw of in the marketing sense of these kinds of platforms is that like you, the, your audience lives on that platform and you can't take them anywhere else and you don't own them. So whatever happens to Facebook, if it blows up, if something happens, if they change their policies, you don't own any of your audience there.
Not only do you not own it, but once you leave, they will feed your audience related content. Like it's like an ADM. They just looked at our subscriber list and send them all a zero, one stories about tech.
And it's that's look alike or just send them similar stuff. It's Once you have the platform. I can't export all my Twitter followers. What's a matter of 15,000 people. Follow me. If the Twitter doesn't feel like surfacing my tweet, I can't reach those people. So I think this whole movement of email contacts and creators, valuing email contacts and platforms offering portability, it's all the right direction. It's just, it feels like the wrong people are doing it.
I think the two things that were super interesting for me to sum up on this article were that zuckerberg understands that keeping uses in app to consume content is paramount to the success of his platforms. And then the last kind of takeaway from article is phrased as, and I'm quoting Zuckerberg argues that some of the negative attitudes about Facebook are explained by the same forces, propelling, the success of creators, the shift in power from institutions to individuals, which I just, yeah. Was, is he arguing that it's like a Republican agenda that is, away from the individual that is pushing for the regulation of big tech and appealing to like, the left here or what? I'm not in America. I don't understand the right probably as well, but it feels very political, the statements. He's talking about this regulation. Earlier asserts that audio moderation is going to be more difficult. Read, like you're not going to be able to stop extremist stuff from happening on podcasts that are hosted on Facebook or in groups because he predicts, for example, the clubhouse version going to be very popular with groups. So that's going to be almost possible some moderates and then there's this kind of low level attack on moderation and the forces and the negative attitudes. Yeah, I also found that interesting. I don't know what your thoughts are on that,
and yet they are willing to shut down Facebook and entire countries.
Yeah. Australia does find it. Interesting. Okay. So I want to just ask you guys really quick. Do you guys think that moderating audio is like all that hard? Like we have been able to moderate video as like YouTube doesn't, but moderating audio shouldn't be hard. It's just like tracking those like bars or gloves or whatever.
YouTube has a lot of dark rabbit holes. They get shut down, but then there are like, you're going to be the host of those dark rabbit holes for some period of time. And then they try and shut them down that period of time to get the darkest things off the internet. So whenever you're at their scale, a dark rabbit hole may only last a day, but suddenly you're live streaming, a killing, which has happened many times on Facebook that you don't see in this discussion here.
That's for sure.
Yeah. I think it. It's hard to monitor everything of course, but as content goes viral as with the cases of certain killings that happened on Facebook alive or whatever Facebook will be more in tuned and notified into what's going on with their audio programs. I guess they'll have to monitor it for at least a while to make sure that it's working.
Okay. And it's Facebook at the end of the day. These guys are best. They train their dogs off, like moneybags like they have the means to pull stuff off in the best way possible. Like they have the money for that, whether they can or not, they would answer that question.
Okay, Mark Zuckerberg, please. Don't penalize any of our posts. We're sorry. We play verbalizing in the game as well.
Did I tell you about the one hacker noon thing that got monitored from Facebook? It was our hacker new. When we released a special edition of the hacker noon t-shirt were $10. Once the eff for every tee shirts sold, it got marked as a sex item. And because the cert was so sexy that you couldn't have it filtered or be promoted.
And it was a plain black t-shirt with the packer noon logo. Because of that one. Then we pop, utilize that and sold more. T-shirts yup. That's great. Everybody wins in the end. All right. Onto the next piece on speaking of things people want to regulate and moderates. Blockchain. And that's a, that's why I'm glad that's not us here today with us. Our resident experts on the subject, this article from hacking is called three reasons why blockchain weren't released the cracking. And it is an interview with John of trust, the vote.org. I really liked the setup for this article. So I'm just going to read that to you real quick.
Echo chambers are arguably the worst thing to come out of our social media centric lives. Since that onto your viewers, your comments not grown up, you now look on every photo that you post while it's a lot of fun discussing big topics with people. I wholeheartedly agree with what's life without a little heated debate. And thanks to Free Ton's active role as a member of the government blockchain association, I get to chew the metaphorical code with those on both sides of the fence.
So this interview with John Steve's by Benjamin Bateman sets up is the fact that the author disagrees with the interviewee on a controversial statement.
And that statement is such. Any system, which claims to be blockchain voting is neither blockchain nor voting. thoughts.
Let's go to our blockchain editor.
I'm going to call it friend.
I would definitely like anything we got always ready with pens and paper than we are like, I'm so glad you asked. So I have that mentality right now. So it's a very like controversial claim because when you talk about blockchain voting and the claim over here, it is that it is neither blockchain, nor as voting because let's us, you back.
There will always be certain drawn votes, cost, or bad valid cost, like people in the U S might remember about that butterfly ballot scandal, which is given us the reason why I am not sure whether I'm getting the names. But that's the reason why people say I'll go lost or like some other people.
The president lost. So the last matters that people are very likely to make mistakes and on the blockchain, you are not allowed to make mistakes. So when you make a mistake, then you cast a wrong vote. Or if the machine fumbles and registers a wrong vote, can you go back and change it? No, you cannot because the diagram Trump that you see over here, it is called a Michael root, how this works. And again, I'm very happy to explain that the ones are the lower and the ones had to say. Harsh transaction. He had hashed transaction beat. You need both of them. Like both of these are cryptographic proofs. You need both of these to get an answer, which will give you the one just above it. And then just above it is the root or what you call the Merkle root. So it allows like storage of transactions in a very distributed manner. Say space. It's very good from a database standpoint. But it doesn't answer that question. Once somebody goes in there, you cannot change it. And a big part of voting is like, whenever you have cast your vote, as we see sometimes in Switzerland, I guess it is where you can recall your votes.
So you can say that. Okay. I do not like that person who I had voted and by a majority of sorts you can do can call that guy back. That is called direct democracy on the blockchain. You cannot have anything like that. The same goes for the blockchain side of things. It takes time to process a vote. It won't get validated easily.
There can be 51% attacks. How do you fight back? When there are billions of dollars, like loading on stuff and people in Russia allegedly like trying to interfere with the elections in the us, which is at least in my opinion, one of the strongest democracies after my own India shout out to definitely we are the largest.
So how that goes is like, when there is so much meddling happen happening when there is so much money at stake powered at stake, how do you like get people to act in the right manner? And these questions of locked in cannot answer it as just a black box and virtual. Tell you what it has been told it doesn't have something off at individual judgment of sorts.
It just works by how it restricts. It works by. Grand centers, protocols. It won't answer the questions that you want, whether something gets right. Let's say that there is a Saddam who said again, allegedly a bad person, because I have heard both sides of the stories. Let's say that he is a bad person and he gets the most number of votes now because his election is on the blockchain.
Can you invalidate it? And if you can, how do you do that? And as you do that, then you are saying that code is not low. Then you say code is not low. Now the blockchain does not even exist. I hope I made sense
if you voted for the wrong person. Yeah. It's your fault. Like you can't go back and change it.
That's yeah, I dunno.
That's what I'm saying. Like when, like what happens at least in my country is that every time you press a button to vote, you'll get a paper trail of your. Like off your vote as well. And sometimes like when it goes to the wrong person, you can always go back and say, Hey so this happened and hopefully that can let you vote again.
And you cannot do that on the blockchain. Once a war discussed, it discussed,
what is the voting process like? Is it literally just a click of the button?
There is I can give you the answer from India. So there used to be ballots over here, which I think us hasn't certain effect States, but now what we have is called an electronic voting machine.
It is again, a black box machine, not connected to the internet cannot be hacked or whatever, and you just need to press a But not that your vote gets registered. And once of all task, you've registered to get a paper crane, which is called a VPAT a verified voter paper audit trail. I got that, right?
Yeah. So yeah, that's how that works.
We'll be teaching classes. You can sign email@example.com
Yeah. And do you check out our blockchain firstname.lastname@example.org
part of the decentralized internet writing contest. So anyone that submits a story with decentralized internet as the tag you opt in for some prizes from FreeTime. So yeah.
So I would like to know what are your thoughts on this entire decentralization movement? Like personally, I believe that I am too far down the rabbit hole to have an objective opinion on it. But what do you guys think is that hope for me? Are you guys going to join me down the rabbit hole?
What rabbit hole are you down?
Decentralization? Everything should be decentralized. There cannot be anything Centralized.
I'm all about that. A friend of ours just bought a house with Bitcoin, just done. Everybody is losing their minds in the friendship circle, because now suddenly it's like a very real, tangible example of the fact that this can happen. And I think that Venmo, I believe it was right. Just added cryptocurrency.
The Bitcoin price speculation side of it. Isn't really decentralization like your friend buying a house because they were smart enough to buy an asset that a thousand X is good for them. That's not really decentralization. That's more of business acumen. And I guess it is like of sensing that this would become worth a lot more. I, I get really excited about it from Hey, we're like how many public companies are we dealing with? We're looking at a Chrome browser on a zoom call, talking about Venmo, who's owned by PayPal.
Like the trees are, they owned by Braintree now who knows. They pass these little companies around, train them up. I would like it to be like, I think when it wins, like clubhouse beating back to the early article, it's more descent. It's more an argument for decentralization. If clubhouse can do clubhouse and Facebook, can't imitate it. And that, and clubhouse can just win that little section of the market. The more like. The all these businesses can have little more sustainable little circles, the more they don't have to consolidate. So that's where I get really excited about decentralization is where means businesses don't have to consolidate to survive because if the, if you. Where are you getting the problems of monopolies and all is like people reach a certain level of their business and they have to consolidate, or a consolidation is the logical business choice. And that means competition is dying in my mind. So there is a purity of decentralization that also is in a way, like very capitalistic of keep the competition healthy. And that is like where I get a little. Confused about what I believe, because they seem to be competing things, but they're really, sometimes they're not.
It's me, how it isn't decentralization to have the Capitol taken away from the banks in terms of financing a home on the individual level.
And if that deal happened without even a bank mortgage, and it was just a big point transfer from one owner to another. That's amazing like that. That is a great example. I just mean the increase of value of the Bitcoin itself was all speculative and that's something that like it's one of the mixed on it, of the value of it to cryptocurrencies, because it gets people attracted to look at the price of the currency. Like how often are we comparing the Euro to the dollar? Not much, but we're consistently comparing Bitcoin to everything. And that's Very good marketing, but it's not sustainable. The point of Bitcoin as a store of value is all debt. If you don't know how much it's worth, so in the long-term, you really need it to be steady.
So you know how much it's worth. So then you know how much money you have and how many goods you can buy. And you're not just seeing if it like. Has a good day. Let's go buy all of our groceries this week and let's wait for Bitcoin to wait for Bitcoin to go back up and we can buy food again. Yeah.
You'd like to get to the point where it's steady so that people understand its value; so what metric are you using to describe value?
Yeah. Yeah, I get what you're saying. Like with the dollar itself I don't think about it as much. Oh, the last time I took a plane, it felt cheaper. It felt, and lately it's felt cheaper cause we're still in this pandemic, whatever. But, price of groceries has gone up slightly, but it's hard to tell when you're in the grocery store, you suddenly you come out the other side and it's more, and you think you just bought more food or you look around, you bought the nice fish or you bought something today. That's different. So it doesn't. Like we're the dollar is so trusted. People don't think about its fluctuations. Like it's within the internal use of the dollar within America. Some people, it, obviously when price goes up, it changes them. But most of the time they're not thinking about it. A dollar is worth a dollar. That's like true psychological, like domination and belief, even though the dollar is fluctuating. All the time people don't think about it. And that's where like real trust is of Hey, I can just use the currency as a exchange of transaction of value versus every, how many count in your head? The last 10 times people mentioned Bitcoin, did they mention the exchange rate? And did then look at your Euro. Think about the last time someone said Euro and you bought something around Amsterdam. And did you think about the exchange rate and the answer is probably no, but when it Bitcoin, they do. So it's I think to mature, you have to not think about what the price of it is.
And that means like the cryptocurrency has become an even more mainstream and it's, it could be, I like it.
It's just another currency. Yeah. You wouldn't monitor the rate of the day.
But is it not like really good or that the price of something is like just a function of the supply and demand like, yes, their dollar is stable, but it is backed by those same big banks and the government that like pretty much, I guess nobody likes. The same thing about the Phottix markets. Yes, like we do not talk about the euros, but if you look at the governments, they only talk about the price of particular currencies and Bitcoin cryptocurrencies. It's the little guy at least according to me from my laboratory downstairs is that it is the little guy showing it to the big guy. Hey, don't need your dollars. I have my own thing. Price. Might be volatiles, but at the point when I need to spend it, I know exactly what it's for because it's on blockchain. So that's amazing.
Yeah. People driven exactly people driven versus bank driven. That makes sense.
So there was this fire in China, the hash rate, which is like how much like computing power goes into solving those cryptographic puzzles that generate Bitcoins. So that went down when that went down, the price of Bitcoin crashed five or $10,000, I guess it was like hitting 64 when it was there. When the fire started next day, 55 K like dollars. So that's the reliability, like it's the real version of a butterfly flap that gets to being somewhere that is like leading to something else, because there is nobody else to back that up. Then I know market makers in the traditional sense as you have in the government.
That's true. I'm all for decentralization because I want to take down big Corp. Big Corp equals less diversity in North America and the world. And I am all for a more diverse and inclusive workplace and equal more equal opportunity for everyone to become employed and to have a career. And I think that big Corp really limits that in a lot of cases.
So I am all for decentralization to take down the Facebooks of the world and promote the clubhouses or for it to take down the match.com tinders and boost up the bumbles. I think we should start a new company called meritocracy and become the biggest corporation in the world. Okay. I love it sounds good.
I follow you on your radio. Sweet. All right.
Last, but certainly not least. Have you fought 20 everybody with this. From tech crunch that the cannabis banking act has promised in the U S house essentially what this means is that it is safe for banks to interact with cannabis operators and stay surfacey with the legislation makes allowances for cannabis operators.
And I think this is really great news. The safe. Act it's called secure and fair enforcement banking act, providing safe Harbor for financial institutions. And yeah. What do you guys think about that on this holiday of four 20?
I think that's super interesting because I remember I don't know, maybe two years ago, three years ago when we became legalized in Vancouver. And obviously Vancouver is very close to the U S border. So a lot of people were investing into more cannabis industry related Stocks and any, and there was a point in time where anyone who tried to go down to the States who had invested heavily in cannabis, was getting barred from the States and not being allowed entry. So this is a very like different turnaround from like where we were three years ago when people were like, literally not being able to enter the States because they had crypto because they had cannabis in their portfolio.
I've got to say, I've been really surprised by how I don't know what to call it, but Biden has been pretty. Aggressive on some radical. And I'm seeing that in inverted commas. I feel like he's coming Hotspur on a lot of these subjects and that's exciting. And I hope to see that the same sort of carries through in terms of the issues that you have of the criminalization of these substances and just how disproportionate the representation is in prisons are on but I think that this is a really interesting step forward. And I guess the government is just realizing now that it's more profitable to work with cannabis than against it.
I'm in a state where Colorado revenue was significantly benefited from legalizing marijuana and that. It's a lot of money. So the taxation of that is a lot, but the really important part of this, I went to school in California and I saw the movement from medical and to legalization and early medical. The why this matters so much is they were getting robbed, left and right, because the, all the medical institutions, number one, they're dealing in cash. Number two, they're good as high value on the black market. And then you have a one person, two person shop and they are just sitting on this perfect thing to Rob. So they would start to invest in all these like security things. So they had nowhere to put their cash in their good, as opposed to if it's like a fancy purse, it's going to get tracked. If it's a computer, it has a serial number. If it's marijuana, it's actually easier to move it in the black market. So all of these people are getting robbed like this definitely. It's going to stop a lot of crime around the cannabis industry by letting them work with banks. And by letting them work with banks, it means the government's going to get more of the money cause they're going to be easier to tax. So I think it's a really Probably something that's overdue. Once it's like the, they legalize it and then they don't know what to do with the cash and the regulation. And none of these private banks want to take on the risk of it's only legal in Colorado, but illegal elsewhere. So we're going to seize your money if you do business with them.
So there's a lot here that I haven't gone into all the details of how many businesses it'll protect, but those businesses were They were hit pretty hard in the beginning. Like it would be so weird. Like, why is there like two security guards, four cameras, and two metal doors in order to get into this tiny shop. It's because everyone's trying to Rob them all the time
in the U S are the windows also frosted?
And not anymore in Colorado, but I haven't been in California
cause there's no there's legislation here that says that any dispensary that opens needs to have their windows covered so that no one can see inside, which is wild too, for security reasons, because someone is going in there with guns no, one's going to see.
And it's such a waste off, like it's such a waste of resources, double standards, or work out like the rationale for banning marijuana was like what they got, it's a gateway drug. So they say let's pan it not look at alcohol, like one of the biggest reason for drunk and driving drunk and that domestic abuse. And they're like, let's regulate that. Like it should've been the other way around alcohol
Like I have my like, own reasons. There's part the way I see it as that marijuana should have been the one that is regulated instead of the other way around, but I don't know like why they have to think about this when there are so many other things for these girlfriends to think about.
And they're like, okay, cannabis owners can access banking. Okay.
Six sec, happy four 20 everybody. Yeah,
D: This isn't medical advice. These are just for average people reading the internet. Very average people. Okay. I'm an average person. You are three extraordinary people. How about you? Excellent. But still not real advice. Not real medical advice, three extraordinary people and one average person that's me see on the internet. Read hacker noon.
U: Bye guys.
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