The current financial process forces people to have a deep understanding of financial mechanisms, which may hinder their ability to provide value in higher layers. However, the promise of converting data into money, where explicit transactions can occur, could lead to frictionless transactions and massive innovation in the digital world.
The process of laundering money involves replicating the exact process that the US Treasury follows in order to make the money look authentic and untraceable. This requires a deep understanding of the process and attention to detail, as even a small mistake could raise suspicions.
The podcast discusses zero day exploit development, which is when someone finds a vulnerability in a product then creates an exploit and sells it to someone else. They cover the legality of reporting bugs and two companies that pay for exploits - Zerodium and Trend Micro's Zero Day Initiative - with Trend Micro focusing more on getting the vulnerabilities fixed by reporting them to the software maker.
The smart home industry is booming but do these devices truly provide security? With easy access points for hackers, it's important to think critically about the level of safety they offer.
Some deep tech companies get caught in a cycle of hype and overpromising, raising large amounts of money and failing to find product market fit. Taking money from investors like Softbank can exacerbate this problem, leading to someone becoming the "bag holder."