Free Transcript Project #8

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Source video
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Title : “Bitcoins & Gravy” podcast
Episode 17 : “Solar Power & World’s Smallest Computer

URL : http://youtu.be/qFplul7dbX8

Organization         : “Bitcoins & Gravy” (podcast)

Web Site
http://bitcoinsandgravy.com
https://letstalkbitcoin.com/blog/post/bitcoins-gravy-17-solar-power-worlds-smallest-computer

YouTube Channel

http://bit.ly/1urBhr0

Co-host #1               :  John Barret
Contact                     :  howdy@bitcoinsandgravy.com

Co-host #2               :  Lij Shaw
Contact                     :  http://www.thetoyboxstudio.com/

Guest #1                   : Nissan Bahar
Web Site                   : http://keepod.org/

Guest #2                   : Nick Gogerty
Contact                      : LinkedIn Profile : Nick Gogerty
Web Site                    : http://www.solarcoin.org

Announcer                 : Adam B. Levine (Founder of the “Let’s Talk BItcoin” network)
Contact                      : adam@letstalk bitcoin.com
web site                      : http://ww.letstalkbitcoin.com

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Transcript
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Announcer (Adam B. Levine) : This program is intended for informational and educational purposes only. All views and opinions expressed are the views and opinions of the individuals and sponsors presenting them, and not the LTB network. Enjoy the show.

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John Barret (Co-host 1) : Welcome to “Bitcoins and Gravy”, episode 17.

Lij Shaw (Co-host 2) : On http://www.bitcoinaverage.com, Bitcoins are trading at $0.49 per millibit. That’s $490 per Bitcoin, a significant increase this week over the last few weeks, where Bitcoin was hovering in the lower 400s to mid-400s. Sounds like Bitcoin may have been listening to our last podcast – Episode 16 – talking about Greek coffee, finding the right dire, and a proper rise for Bitcoin.

John Barret : Mmmm… Mmmmm… Mmmmm. Now that’s gravy.

[intro music]

John : Welcome to “Bitcoins and Gravy”, and thanks for joining us today as we podcast from East Nashville, Tennessee. I’m John Barret.

Liz : And I’m Lij Shaw.

John  : We’re two Bitcoin enthusiasts who love to talk about Bitcoins.

Liz : And share what we learn with you, the listener. Welcome to “Bitcoins and Gravy” and thanks for listening.

[end of intro and music]

On today’s show Lij and I travel to Tel Aviv, Isreal to speak with Nissan Bahar. Nissan is one of the core developers of “Keepod” – a simple and inexpensive technology that may be able to help to bridge the digital divide that we  see in the world today. Together we discover that there are over 5 billion people – that’s 2/3 of the world’s population – who still don’t have access to a computer or a smartphone. Hey people, that’s a lot of people!

Lij : We also continue our “To The Sun” series, as we talk with SolarCoin’s very own Nick Gogerty – the founder of SolarCoin. Nick wrote the whitepaper on SolarCoin, and he’s just the guy we’ve been waiting to talk with to get the final details on the SolarCoin project, and what we can expect to see in the years ahead. The future definitely looks bright for SolarCoin, and for solar energy. You know, maybe it really is time we started paying more attention to that massive, flaming ball of nuclear energy in the sky. After all, it really is our very own, naturally occurring nuclear power plant.  Oh yeah, but without the problems like nuclear waste and Fukushima-style meltdowns.

[music]

John : Today Lij and I are thrilled to be speaking with a gentleman in Tel Aviv Isreal, Nissan Bahar.

Lij : Hey Nissan. Welcome to the show. Welcome to “Bitcoins and Gravy”.

John : Welcome to the show Nissan.

Nissan : Thank you. Thank you for having me here.

John : Nissan is one of the core developers of “Keepod” – a simple and inexpensive technology which may be able to bridge the digital divide that we see in the world today.  Nissan, can you tell us – first of all – all little bit about yourself and then tell us about Keepod.

Nissan : Yeah, sure. So I was born in Isreal, and living in Italy actually in the last 10 years or so, where I met my business partner, Franky – who is the co-founder of Keepod. I’m coming from a background in technology – mainly information security. I’ve been doing security for many large enterprises : banks, telecoms, energy companies, and so – in Europe. We started with Keepod a few years ago as a security product, which was targeting that market. Then about a year ago we decided that it was time to do something better with the technology that we developed, and with the knowledge that we gathered – and started what you see today as the Keepod project.

Lij : Wow, interesting. So it started out as a security project, and it evolved into this miniature computer that’s going to save the world and bring computing power to the other 5 billion people in the world.

John : We hope so. Yeah.

Nisan : Well, yeah.

Lij : So tell us what Keepod is now, because it’s pretty fascinating.

Nissan : So Keepod is a project, first of all. It’s not just the product, because it’s an ecosystem of tools, conditions and organizations that are making this happen. First of all we have the actual operating system. Keepod is an operating system which was designed to jump between one computer to another. We are not inventing here anything new, because “OS-on-a-stick” is something that geeks and hackers have been using for many years now. What we are doing here is really targeting it as the main system of the user – which is not something that is being done today. So we decided to go with Android, which is the most common operating system today, in the world. So we are running Android 4.4 Kit-kat on your desktop. And it is beautiful. So imagine having “What’s App” and your favorite applications on the big screen. It’s very lightweight. It’s very powerful. We’ve reduced the footprint of the system to something like 300 MB, which is really tiny for a desktop OS. And it is very intuitive. So where we are going – where people don’t have access to computers – they find themselves with something more familiar, because there are markets, like India – where you have 94% penetration of mobile, and over 50% of which is smartphone. So they find something that is familiar to them – very intuitive. And people who don’t know it at all, the learning curve is very fast. The biggest and best example I have is the project we just did in Nairobi. We went to three schools there, and kids who were 9 to 13 years old – something like that, who never saw a computer and never worked on a computer – after two hours they were sending us emails.

Lij : Wow!

John : So, Nisan, how did you decide to go to Nairobi? And can you tell us a little bit about the “Why Not Academy“? I’m sure there are many acadamies like that in the world, but why Nairobi? And what city were you in there?

Nissan : Yeah, so we went to Mathare, which is one of the largest slums in Africa. It’s the second largest slum in Nairobi, after Kibera. It’s home for 500 thousand people who live in incredible conditions. We were looking for a first project, and our interest was to go and do it in a place where the conditions would be difficult for implementation – where we were going to find ourselves in an environment which was not so “tech ready” – like we might have in other areas. From the other end, it is a perfect place for starting people, because the language barrier is not so big, because they speak English there – quite good. And there is connectivity. We can get 3G access in Nairobi.

We went there an we met the guys there at “LiveInSlums” – it’s an NGO that works in slums around the world. They work in Brazil. They work in Cairo – if I’m not mistaken. They work in Nairobi. And they presented to us the “Why Not Academy“. It is a school that they have built in Mathare. They support this school. It’s a “street school”. It’s one of many. Kids there don’t have the means even to go to the public schools. And those street schools – that are mainly supported by charity – are the only thing the kids have.

John : The “Why Not Academy” is a new school, is that right?

Nissan : Yeah, it is a new school. The guys from “Liven Slums” built it. They practically built it, really. They sent a group of people. The designed it. They build the school, the facilities. They built a vegetable garden – which is feeding the school – inside the slum. It’s an incredible agricultural project. They hooked it to the power – although it’s not really legal, the power – there is power. Also it is operating, and it s a really nice initiative. And when we heard about it we felt that Keepod might be a good fit, and that we could bring — with access to information in the end, which is what Keepod is all about – education might be empowered there. And also, not only that, that school is actually a base for other projects like the organic agriculture, which require information and access to techniques. Also an HIV prevention initiative, human rights initiatives, and so on. They are all gathered in that place. So it is all little projects that require access to information, to technology, and to computers, for different reasons.

John : Wow! How did you first hear about that.

Nissan : We met in Milan. “LiveInSlums” is an Italian NGO. So we met with the NGO looking for one of their projects to see if it is interesting. They told us about Mathare, and we met some members of the community that were brought to Milan by the “LiveInSlums” team, and we really fell in love with the place – the people and the stories. And when we went there it was quite an incredible thing. So, Nairobi is not the safest place in the world, you know? But in the slum, we felt really calm. People were expecting for this. People really embraced us. We went inside the slum and lived with them for more than a week there – just setting up the place : the hub, the school, the connectivity and everything. And we never felt so secure. And the reaction and the hunger there is for these kinds of technologies is incredible.

The more amazing thing is is that there are connected to the world in terms that they know there is Facebook, they know there is Google, they know there is Apple, and so on. If you go outside of Mathare and just go to the highway, you see billboards for the new “MacBook Air” that it looks like you are traveling in California. They don’t have access to it, but they are absolutely interested in it. So the moment we presented it the first thing that they started doing was actually creating an email account on Gmail, or a Facebook account, or stuff like that.

Lij : Wow! That’s pretty fascinating. So I just want to jump back for a moment and clarify a little further. We’re talking about an operating system for Android on a USB stick that is called “Keepod”, that can be given to people –  since USB sticks are extremely afforable and much easier to get to people who can’t afford something like a “MacBook Air” in Nairobi. So this system can recycle and reuse older computers, right? Is that the way this works? You can take an old PC laptop, or an old Macintosh that somebody else has discarded, and use this system with the USB stick to bring it back to life and use Android on it?

Nissan : What we do here is we break a few paradigms, that breaking them will allow bridging the digital divide, in our opinion. The first one is we don’t think that it is sustainable or possible to bring a laptop per person in the world.

Lij : Sure.

Nissan : Okay? That’s just impossible. It’s not scalable. It’s not sustainable. There’s not enough material in the world for that. Okay? So this is the first thing. In order to bring personal computing to everyone we can use shared computers wisely. And in order to do that we separate the operating system from the host. So the operating system is not sitting inside the hard drive, but it’s sitting on a thumb drive. By doing that we actually are able to guarantee all kinds of things – especially better privacy, better security, avoiding malfunctions misconfiguration of the host, or virus spread on the old system – and so on and so on. And the computers live longer. Another thing that we do is, we say that instead of trying to manufacture cheap computers – which is what everyone is trying to do : cheap laptops, cheap tablets, and so on – they will never be cheap enough. Even $50 is too much. And in a world where only in the United States there are 85,000 computers thrown away each single day.

John : Wow!

Nissan : We can find computers. We can bring them to a new home. And yes, if they are old computers I can use Keepod in a very smart way, because it is going to be a shared computer with no hard drive, with no host operating system. You just go there, plug in, and “Boom!” Android is very slim. It doesn’t require a lot of power. It doesn’t require resources. When I remove the Keepod the next user can go there and have his own private operating system – his own private computing environment. We compare ourselves a little bit to public transportation. Think about it. It’s like everybody would like to have a nice car. Not everybody can afford it. So you hop on a bus. It’s not as shiny. Sometimes the air conditioner is not working, but it gets you to work, right?

John : Yeah. That’s a good analogy.

Nissan : So, we’re doing the same thing here. The same thing. But we do it at the street level.  We do it in a way that the distribution model that we have chosen, and the approach to it is going to work from one hand – yes – through organizations, through people who are active in the field, and so on. But we are also going to enable this to have direct access.  People will be able to download the operation system for free. People will be able to create grassroots projects – which is what we are all about. Since we have started we are saying to people, “Okay. I am traveling next month to Kenya. I want to bring with me my two old laptops and – I don’t know – 20 devices, or 40 devices. Let me know where they are needed.”

John : That’s really cool.

Lij : Yeah, it’s fascinating. I think the first thing that was a little hard for me to understand was the concept of, “How do you get a laptop to live on a USB stick?” But the brilliant thing about what you are doing is that you don’t need to use all of the massive processing power of the laptop. By using the Android system it’s very simple. It’s as simple as what I am used to on my phone, which is already super capable and powerful.

John : Let me ask you, Nissan. Are they taking the hard drives out of these used laptops first? Is that the first thing, to just get the hard drive out of there?

Nissan : Yeah, so we prefer that the laptop will arrive without a hard drive. We sat with local technicians — like in Mathare we did exactly that. So we get the computers, and some of the computers still have hard drives. He provides services to the school. He goes and fixes what is not working, and so on. He removes the hard drives. He can keep them, and he can sell them. And actually it is a pretty good deal for these guys. So he can get up to $60 or $70  for a hard drive there, which is quite a lot for Mathare.

Lij : Also, you mentioned security – and that’s how you got into this. Does this actually increase your security and protection from viruses and things of that nature – from the internet – by not having a hard drive, and just using this Android operating system?

Nissan : Yup. First of all, if the user got infected by malware or a virus, it doesn’t affect the next users. Okay? Because, think about it, you use the computer – the operating system – and then you go out and there is nothing on the host. The next user is booting his own operating system, which is completely separated.

John : So that person goes away with their Keepod that has the virus on it, and if they knew that they could just get another Keepod. Is that right?

Nissan : Yeah. They can just reset it – flash it – and “Boom!”

John : Is there a  way to fix, or to get rid of a virus that gets onto somebody’s Keepod so that they don’t have to erase it and all of their information is gone as well.

Nisan : One way – and it’s actually a prevention way, which is ideal – is just go to the app store, download an anti-virus software and then you are covered there. If not, you can always reset the device and just restore to the manufacturer settings, and you get to OS fresh and new. Then you restore your data and you’re good to go.  So this is one thing.  The second thing – which I think is even more important – is that you are not leaving any footprint of your activity on the computer that you used. Data is not linking from one computer to another. And – if you think about education and shared computer environments – I actually got this comment from the United States, and it was so true. I was speaking with one school, and they were saying, “This is ideal for us, because kids always go to the library or to the computer class, and they log in to Facebook but they don’t log out. And if another kid goes to that computer, he can ruin your social life in five minutes”.

Lij : [laughter] Oh man.

John : Sad but true.

Lij : So it’s cool what you say in your analogy about footprints. It reminds me of when you go visit a national park and they say, “Take nothing but pictures, and leave nothing but footprints.” But with Keepod you can take just about anything you want and not even leave footprints behind.  That’s pretty cool.

John : Nice. That is cool, man. That;s great.

Lij : What are some of the limitations as far as which computers this might work on, or might not work on.  Is this going t o work on just about anything?

Nissan : We’re targeting desktops, first of all. So at this moment we are not working with or targeting tablets, and obviously smartphones. That is real-time ability, and we categorize it as — actually there is a good balance between the two if you want to discuss this. Now we’re targeting [X86?] systems, but we prefer not older than 2006 computers. [This is] because we don’t want to get, first of all, junk – because there is no sense in bringing in something that won’t work properly. And because of – in terms of computing power – any news web site, or whatever, will require some computing power, right? And if the computer is too old it’s just not up to the latest web sites and web apps. So we need to have 1 GB of RAM. We want to have at least a first generation of Dual Core. This means 2006.

Lij : I was going to say, “Yeah. Whew! My laptop is just going to make the cut.” I think I’m still running a 2007 MacBook.

John : Oh man. So, as far as the United States – let’s take Nashville, or any other city that has public schools, and that has, let’s say, maybe not the best educational system set up with the US public schools. My friend works in the public school system in the south side of Chicago, and I would guess that the students there are less interested in learning than some of the students you met there in Nairobi. So there are lot’s of problems in the public schools in the south side of Chicago, as there are in other cities in the U.S. Do you have plans to bring Keepod to these cities. Are there organizations that are interested in Keepod now in the U.S.?

Nissan : It’s actually happening right now. The cool thing about it is that in the last ten days , since there was a major story in the BBC about us, and then “Boom!”, things started to roll really quickly. We got a lot of requests from the United States. Both from the more charity side, and on the other, from the education side. The U.S. is very interesting for us. I don’t know if you know this, but 20% of the U.S. population don’t have access to computers at this moment.

John : I believe that.

Lij : Yeah, I believe that too. I work in the public school system here in Nashville, and I’ve worked with many kids who don’t have access to computers – other than at school itself.

Nisan : So, first of all, yeah. So definitely the United States is currently a target for Keepod. The idea is that we don’t require – and we don’t need – distributors, or official channels in order to move. What we have created is, from one end, the possibility to do a grassroots project, So, anyone can decide to start a Keepod project. And in the United States this is happening. We’ve got people who have started to order devices. They get our computers. If they need our assistance to get refurbished computers, we help them – if it’s a school or if it’s a community center, and so on. The second that we did is we started the program – now it’s in beta, and we are getting applications at this moment – for what we call a “Keepod Point”. A “Keepod Point” means that anyone – really anyone – who has the space to do this, can be a Keepod reseller. What does it mean? That you can get Keepod and sell them to your local community. The condition is that you have at least two computers that are available for public access. Okay? So you can be a little coffee shop, you can be a bar, you can be community center, you can be anything. This is starting to get really popular. We’ve got a lot of requeats from the United States, actually, – form the different states. So we are working on both directions. From one hand helping people and organizations who want to do this as a project, and from the other end people who take the initiative and want to create their own Keepod point and enable access to information.

John : So hey, is there any way that we can get you and Franky to come here to the United States, and maybe we can all take a trip up to Chicago and do one of our shows from there?

Nisan : We would love that?

John : Or right here in Nashville, right? We could do a show right here in Nashville.

Nisan : I’ve never been in Nashville. I play guitar, and this is one of the places I want to go.

John : Hell yeah. You know, Lij has the Toybox Studio. This is perfect. You can come here and record. And, you know, this board that he has here is the same board that recorded “Hotel California”. I don’t know if that, Nissan.

Nisan : Are you serious?

Lij : Yeah, it’s the very same one. It makes sense to me that you would be a musician. When I first heard about Keepod I thought it was some sort of MIDI control or a keypad. Then I learned that it was just to help people get smarted and connect around the world.

Nissan : We are really connected to the music world. It is one of the things, if you look at how we move and how we do things, we are working as a startup. But the mood there, is really, really a lot about the artistic side. Not only [me], but my business partner is actually a filmmaker, Franky. He’s not coming from technology. This guy did videos with Red Bull and Barton snowboards in the last 10 years, doing extreme sports.

John : Oh wow. You know, when I watched the BBC special it looked like you guys were having a lot of fun and I enjoyed that so much. I got really excited when I first heard about Keepod, and I started combing the internet for more information about it. That’s when I landed on a Reddit page,  and they were discussing Keepod. One of the posters there – one of the people who wrote in –  wrote that you were considering including a Bitcoin wallet on every Keepod flash drive. So we would love to know that this is true, but at this point it is really just a rumor. And we actually don’t really enough know if you know what much about Bitcoin, or if you have interest in Bitcoin. I am guessing you might.

Nissan : So, it is a very interesting opportunity, because we think – we don’t know yet. Okay, so we are actually studying this – and actually anyone who can contribute to the idea, and to us understanding better – is very welcome to do that.  Because we are trying to understand if this is something that can actually empower the people we are targeting. My feeling is that, yes. And my feeling is that Keepod feels like a very good match for Bitcoin, both from the OS side, and the fact that you have your own hardware is perfect. And the idea that you actually bypass so many limitations that we have today when it comes to money transfer, and getting funds from one place to the other or one person to the other, this might be very interesting. In Nairobi we see something that is called M-pesa. I don’t know if you know that?

Lij and John : Yeah.

Nissan : Yeah, so they do everything with mobile payments. They don’t use cash. And I don’t see any reason why they would not be eager to do that with Bitcoin. So, you know, it’s an opportunity.

Lij : Yeah, I mean in the Bitcoin world, just the concept of having an operating system built into a USB flash drive and using that in order to create wallets and sent Bitcoins back and forth. That’s already in existence. That’s already the smartest way to carefully and securley create your wallets.

John : Right, and I think that anybody using Bitcoin, if they can take their Keepod out of the computer, knowing they’re not leaving any trail at all, what a thrilling thing for new Bitcoin adapters, and really for anybody that uses Bitcoin on their computer. Because that’s a big fear is that after you’re finished doing whatever you’re doing with Bitcoin, or with this site or that site, you’ve left information there, and that computer can be hacked, and then people can steal your private keys for the Bitcoin. So that’s something that seems really important. You know, Andreas Antonopoulis, I remember him talking about how it’s difficult here in the United States to get people interested in Bitcoin because you have to go through this long explanation, plus you’re fighting what the media has to say about money laundering and all these scary things. But when he went to Kenya, and he talked to the people there, as soon as he said, “Oh, it’s like Empesa.” they immediately understood what Bitcoin was. I thought that was so cool, so I think the same thing would be true in Nairobi and other places in Africa.

Nissan :  Since the Reddit discussion started, I’ve gotten requests from India, China, Malaysia, and some other countries saying, “Are you going to do that?” And they really dig this. It looks like they completely understand what is the potential here. You have a strong community there of people who understand what Bitcoin is, so we will be happy to get some advice there, and to see if we can design something smart into this. Because, indeed we don’t know this world very good. We are not experts in Bitcoin, and if the scale that we are looking to do here with Keepod, and for the project to work, we need to design it properly, and make the right choices.

Lij : Well Nissan, let’s use this opportunity here to put a call out to our listeners, and ask them for contributions of any comments or ideas they may have for what will work well for Keepod. We’ll make sure that that gets to you.

John : Calling all listeners. Calling all listeners… Yeah, yeah, absolutely Lij.

Lij : Well Nisan, thank you so much for joining us here on “Bitcoins and Gravy” today. The Keepod project is just really fascinating stuff. And the concept that you might be able to bring this together with Bitcoin just seems to make a whole lot of sense. I know that there’s lot’s to explore, but it sure sounds like it’s a perfect fit.

John : It really does, and just thinking about the disenfranchised people here in the United States – in the cities, and just throughout the country – who really don’t have any access to what a lot of other people do. It just seems like such an important thing that you guys are doing, and it sounds to me like you guys are not doing this to try to make a bunch of money. You guys are doing this to really help, is that right?

Nissan : That’s true.  Everybody looks at me kind of weird when I talk about this. We went to our accountant, and he was like, “Okay. I’m not used to having customers like you. I don’t know how to handle this.”

John : Oh, man.

Lij : It’s a little bit like when Nicola Tesla was talking with J.P. Morgan, and Morgan looked at him and was like, “How are we going to charge for this? I don’t understand?” And he was offering free energy to the world.

John : Oh, man. Well, I think that what you guys are doing is fantastic. And again, watching that BBC video, everybody should watch it. Can you tell our listeners how they can watch that BBC video, and also how they can find you, and how they can get involved.

Nissan : “Keepod BBC” on Google will definitely bring that up. Keepod.org is our url. You can go there. There are a lot of links in the blog. For sure, you will also see the video for the BBC. And that’s it. Guys, it was really a pleasure talking with you, and I really thank you for the kind words, and the ideas that you’re pitching here with the Bitcoin is amazing for us.

John : I would have to say that if you get a chance to listen to Andreas Antonopolous, he’s the Bitcoin guru, really. Just go and listen to some YouTube videos, and listen to him speak. He’s a great educator, he’s a great speaker, and his heart is in the right place. He’s the one that talks about the other 6 1/2 billion other people in the world that don’t have financial systems – or access to financial systems – like we do, who are basically financially disenfranchised. So when you’re talking about helping the 5 1/2 people who don’t have computers and don’t have cell phones, and access to that, he’s talking about pretty much the same thing. So I think you guys could work hand-in-hand. I would love to see, somehow, you and Andreas get together and have a meeting of great minds.

Nisan : That would be amazing. It sounds so in line with what we are doing. I told you, Keepod is about not only the operating system, but about an ecosystem.  Ecosystem means a lot of things around it. It can be from the more simple things we’ve been talking about, like refurbishing computers – how to get the 85,000 computers thown away each day, to Nairobi or whatever. But it’s also what’s surrounding it. And the financial system is a key, key element in this. You know?

Lij : I like it when you say “ecosystem”. It sounded a little bit like “equal system” to me. You’re really, kind of, creating an “equal system” to just bring equality of computing to people around the world.

Nisan : That’s actually the idea.

John : Nice.

Nisan : Guys. This is amazing. So, I’m so happy we connected. Really. Let’s talk soon then. Keep in touch. Really.

John : Thanks Nissan.

Nisan : Cheers. Bye bye.

[music]

John : So Lij, I need to talk about the “Bitcoins and Gravy” contest for a minute. On last week’s show we told our listeners about how they can enter to win 0.25 Bitcoins. That’s one quarter of a Bitcoin, and that calls for a hearty : “Mmmm…Mmmm…Mmmm”. So if you’re interested in entering the contest, here’s what you do. Using your Smartphone, video camera – or any video camera – record yourself singing along, playing along, or dancing along to the song “Ode To Satoshi”. You’re performance can be ten seconds long, or three minutes long.  That’s up to you, the listener, and how creative you feel like being. Once you’ve recorded you’re performance, upload it to YouTube and give it a name. Then email us, or call us on the hotline, and let us know how to find you on YouTube. If you need further technical assistance, just ask. We’re happy to help. That’s right, we’re making a music video for the song, and we want you the listener to be in the video. Since we know that we’re going to get more than just a few submission, Lij and I have decided that we’re going to include at least a half a dozen or more of these performances in the video. So how are we going to decide who the winner is? That’s easy. The winner is the one that Lij and I like the best. So get out your video cameras and start creating for the chance to win 0.25 Bitcoins. “Mmmm…mmmmm…mmmmm. Now that’s gravy.”

[segway music]

John : So today we welcome Nick Gogerty, the founder of SolarCoin, and principal of value-creation consulting firm “Thoughful Capital Group”. Nick, welcome to the show.

Nick Gogerty : Thank you very much. I’m excited to be here.

Lij : Nick, it’s a pleasure to have you here on “Bitcoins and Gravy” with us.

John : So Nick, where would you like to start? I know that you’ve written a book titled “The Nature of Value : How to invest In the Adaptive Economy”. Can you tell us what you mean by the “adaptive economy” and how that fits in with SolarCoin? I know you have an extensive background in investing and economy. How does all of this fit into SolarCoin?

Nick : The book “The Nature of Value” deals with the economy, and the creation of economic value as an adaptive process – and the process acts a lot like nature. I spent personally about 25 years investing, and working with different groups – including the world’s largest banks and hedge funds – and in four years of that research I boiled down to that book. Part of that book deals with money, and how money works, and that kind of deals with SolarCoin, and the creation of that.

Lij : MmmHmmm.

Nick : Basically, the thinking behind SolarCoin is that a currency, or a form of money, effectively is – and this is going to sound  a little strange – but it’s really a social protocol. Money is a way for all of us to exchange value efficiently. And so as a social protocol, the more people that agree to and accept a form of money – whether it be dollars, gold, Bitcoin, SolarCoin, etc. – the more utility, or the more value, that form of money  – that currency – has.  And that’s part of the research that came out of the book, and the part of my work involved in that. My background in foreign currency goes back to the age of 17, when I was trading Japanese Yen futures. That was back in 1987. So being a proprietary trader for one of the world’s largest banks in London – which is, kind of, the ForEx headquarters of the world – and having worked for various hedge funds here in the states. So a bit of background in money, and some other things. And, of course, the book is being put out by Columbia University – the same place where Warren Buffet went to school – and the book is on value. So, I’ve got a bit of a background in economics and money.

John : Well, that’s pretty impressive. I think we should begin by maybe bragging about you a little bit. You worked with the world’s largest hedge fund, “Bridgewater Associates”, $150 billion. Being a quantitative ForEx analyst for “Banque Nacionale De Paris”, $2 trillion balance sheet. Founding software startup and strategic risk firms. Chief analyst at Starlab, a deep future, multidisciplinary science research institute. And I think there was something in there that had to do with research into time machines, or something like that? Black holes and time machines?

Nick : [laughter] Exactly. At one point the institute was modeled on the MIT Media Lab, and had some people from the MIT Media Lab on board. And there was a theoretical physicist who was researching some of those things, among some more, let’s say what we call, “applied science” areas – material sciences, life sciences, media studies. I was overseeing three different schools of artificial intelligence at one point, in terms of research. So, it’s some interesting stuff.

John : Wow.

Nick : Yeah. It’s really fun.

John : And building risk models for global banks. I wrote that you had done that.  That’s some pretty heavy stuff, man. So you’re background in finance and investing, it seems like anybody who’s interested in investing in SolarCoin, they might want to listen to you.

Nick : [laughter] Well, ultimately everyone has to listen to themselves, and look around at what they think is correct, what they think is true and is going to be most interesting. But feel free to read what I have to say, and if you agree with the arguments it might be very interesting.

Lij : Well, so tell us more about SolarCoin and why we should be interested in investing in it.

Nick : Sure. The original idea came from a whitepaper that I drafted with co-author Joseph Zitoli, who you’ve interviewed earlier. And in that whitepaper there was the concept of an energy-backed currency. And at the time, in 2011, that concept really wasn’t feasible unless you had your own central bank [laughter], to implement. Now, with the provability, or the fact that Bitcoin technically works, and that anyone in a sense can issue a currency that is robust and transparent to over-issuance or over-circulation, that premise became viable – potentially viable – an energy-backed currency. And then, looking into it, realized that it could be used to do good by backing solar energy with that currency, and then having that currency represent solar energy. The SolarCoin idea is a subset of this energy-backed currency idea, and the realization was that the “proof of work” inherent in acting as a distribution mechanism, and as a verification mechanism, Bitcoin, instead of using a purely cryptographic “proof of work”, why not use a real-world, physical “proof of work”? And that real-world, physical “proof of work” is the production, or generation, of solar energy. And so that’s tied into SolarCoin.

What ends up happening is anyone who produces one mega-watt hour of solar energy in the world – anywhere with the facility – can claim on of these SolarCoins. And that’s viewed as an equitable means of distributing the currency, while also acting as an incentive to produce more solar energy globally. And there’s a pre-mine that was set up that’s participated for the last, at least 40 years, to incent solar energy globally.

John : Can you tell us about how the SolarCoin mining differs from Bitcoin mining?

Nick : Sure.Most of it is similar. It’s based off of a Litecoin fork, and that will produce – roughly based on the design – about 105 million coins, based on the half-life, etc. The rest of the coins were pre-mined, and so the only way to earn them – or the “proof of work” required to get those coins – is to submit a verifiable “proof of production ” of solar energy. So each verified one mega-watt hour of energy produced entitles the claimant to a SolarCoin. And to date we’ve had claimants from 11 countries, so it’s rolling out pretty well. We just gave coins out to Cypress and Austria over the weekend, and we look forward to adding more countries.

Lij : Help us understand a little bit. Scrypt mining is going to get more and more difficult as more miners get involved. It is similar to Bitcoin in that way? Will the mining become more difficult?

Nick : It’s similar to Bitcoin in the fact that the algorithm, and the effort required – something called “re-targeting” – so that it adjusts relative to the effort applied to it. So there’s a constant issuance of rate of the coin.

Lij : Okay, and them when it’s issued to people who are generating one mega-watt of solar energy, it seems that one mega-watt of solar energy is going to become easier and easier to generate as solar energy is adopted globally. How does that translate?

Nick : Yeah. So here’s what ends up happening. The mining [?], because the half-life only lasts, really, for four years. So there is a one year half-life, and about 95-95% of the coins we’ve mined in the first  four-and-a-half years. So what will end up happening is that as the mining tapers off – with the exception of, let’s say, transaction-based rewards – the real circulation mechanism will become the granting, or the basically “giving away”  of SolarCoins to people who produce solar electricity. Now one mega-watt of solar electricity is quite a bit. That’s about enough to keep the average American home powered for a month. So, what’ll end up happening is – over time, for example last year – globally there are estimated to have been about 160 million mega-watt hours of electricity produced with solar energy. That would equate to 160 million potential claimable SolarCoins. That amount grows – or is anticipated to grow – 20-30% per year, over the next 20-30 years.

John : That’s good news.

Nick : Yes it is. And the neat thing about energy – in almost any economic process, and part of the research for my book “The Nature of Value” – is that any manufacturing or production process gets cheaper as you make more of it. As more value flows through the economic system, it gets cheaper. And the cool thing about solar energy is every time we, globally. double the number of solar panels we produce – so we shift, let’s say, an extra 2X gigawatts of solar panels – the cost drops 22%. That’s kind of like a “Moore’s Law” of solar energy, and that’s held up for the last 20 or 30 years. So, to produce one solar panel that would make a watt of power, back in the 70s, cost about $1, 000. Now, it costs just under $1.

John and Lij : Wow!

Nick : And as energy is a pure commodity, it’s a price thing. So what ends up happening is you have this commodity that’s dropping in price by a factor of 22% every time you shift 2X more.

Lij : It’s quite different from gasoline.

Nick [laughter] Exactly. It get’s more difficult — well, parts of gasoline get cheaper with [drilling?], but also it gets more difficult to find it as it gets in more deeper rock formation, etc. – with the exception of shale, but we won’t get into the technical discussions on that. So the interesting thing about solar is it’s one of these things where, as you ship more solar panels and produce more energy, it gets cheaper, so you sell more. And as you sell more, it gets cheaper, faster. So, solar energy is going to be one of the most interesting things right now. It’s cost is not fixed. It’s a moving target, and so it’s going to get cheaper, better, faster, globally, very quickly. And you’re in a space – namely “global energy” – where you’re talking about $100 billions and trillions of capital investment.

John : Wow.

Nick : Solar coin acts as an incentive to help people make that choice. So, let’s say a SolarCoin – which right now has a de minimus value – but let’s say that as we grow the economy of SolarCoin holders, if it were to go to $10 per mega-watt hour, all of a sudden the individual looking at putting solar panels on their roof, or in a village or [other?] area, might say, “Oh wow! Not only do we get the solar energy, but we get the benefit of claiming the SolarCoin as an incentive. That’s pretty cool.” Now the value of a currency has two factors that drive it. One is speculative, and the other one is transactional. Economists call these two “utility functions” of a currency. So the more people that hold, or agree to, or believe in a currency, they more transactional value it has. So a dollar you can use almost globally, because everyone agrees, and they understand, what a dollar value is. The dollar protocol is global.

So the current universe of Bitcoin holders is estimated, I think, at about a half million to two-and-a-half million users – last report I saw. Now the cool thing about that is that’s pretty small in the internet world, and yet Bitcoin has the market cap of $5 to $5.5 billion dollars.

John : Right. Almost $6 billion. I like to say six billion. It makes me feel better.

Nick : So the cool thing is we are at what I call the “Compuserve Era” of this technology, or this protocol. Compuserve – if you remember back in the 80’s – everyone had email addresses that were numbers. It was clunky. Nobody used it. Nobody liked it. It was ugly. And that’s really the great news for Bitcoin. The software is horrible. The wallets aren’t user-friendly. Your aunts or uncle can’t really figure it out, etc. The great news is you’ve got a $6 billion economy out there, with something that – engineering-wise – works, but from a useability perspective is horrible. Once that useability gets solved, or improved, and we move from the “Compuserve Era” and have what I call the “AOL Moment”, you’re going to see an explosion into something really interesting, for a lot of the alt-currency spaces. What I mean by that is that is you move from a $6 billion economy to a 10X or 100X one. Whether that happens in the states, or in some other country that adopts the currency and the protocols, that remains to be seen. What isn’t known by a lot of people is the average fiat currency – or government currency – lasts 27 years. That equates to about a 3% failure rate, and I can give you guys the links on that. Now we’re used to the dollar, and the pound, and these other currencies that have been around for hundreds of years. But depending on what country you’re in , if you have a very unstable currency, and there is a problem, you might be very interested in an alt-currency that is easily accessible, not as controllable, and easy to park into a smartphone. And with $20 and $40 smartphones emerging in the next two or three years things could get very interesting, both for Bitcoin and the alt-coin space. And we think SolarCoin is going to ride along with it, and we hope to do a lot of good.

Lij : Mmm Hmm. To focus on the value of SolarCoin, in the future, wherein Bitcoin becomes harder and harder to create – and the value goes up partly through that, I think . In SolarCoin, the value is going to rise, or fluctuate, with the speculative volume, and also the ability to trade in SolarCoin and use it for transactions down into the future, even though it’s going to be easier to acquire.

Nick : Yeah. You have two sides to that equation – supply and demand. The supply side is the granting andthe mining. So the more people, the easier that it is to get SolarCoin by receiving a grant for generating electricity. Or, if mining gets harder – that’s the supply side – the demand side, which is like, “What the heck is this thing worth? What’s its value?” is going to be a mix of the speculative belief in how high, and where, it’s going in the future – and the utility function. How many people can you trade, swap, get something with this currency for. That’s about it. We’re very focused on “ease of use”, growing that economy via “ease of use”. We’re working on improving our communication and our messaging, etc. to try and get to the broader audience of people who aren’t as familiar with — and frankly, don’t even really need to know all of the plumbing under the coin.

John : Nick, one thing I’m still unclear about is, how do the producers of solar energy prove to you that they;ve produced the solar energy? What is the proof that allows you then to award them SolarCoins?

Lij : Yeah. Where’s the “proof of work”?

Nick : Sure. Exactly. The “proof of work” is a submitted verification from the energy meter in the home. So, if you have a solar panel on your roof, it produces DC power, and that gets converted into AC power for your house. That conversion goes through something called an “inverter”, and that inverter also works like a meter, and it shows exactly how much has been produced. And a lot of these things are online. So our first grant, for example – to a woman named Lisa Shockly, in Arizona – she just sent us a link to her inverter. And that feed was online. I think she is a “Solar City” customer. You can look it up online, and say, “Oh yeah. She has “X” number of solar panels on her roof” – and you can verify that in lots of ways. It ties out to what she says she claimed on the power. And the converter images and documentation all looked like that was verified.

We’re working on developing software so we can show those verifications to the community. So you’ll be able to dial up – especially for the larger solar farms – and say, “How were these verified? Who verified and said these were okay? And what was the means?”

John : I always want to say, “Can’t we just throw it onto the blockchain, time-stamp it, and say, “this is proof?”

Nick : Well, what we’re going to be doing is the grants will all go onto the blockchain, and there’ll be a transaction message that will tie out : Who the generator was – in terms of what the source was. Who made the claim? How much the claim was for? And that data is going to include the latitude of where the person is at, what’s called the “nameplate capacity”, or the capacity for the solar generating roof. So it’s going to be, “Bob Smith… Five kilo-watts on the roof… Between June and July, in Arizona.. and claimed 5 SolarCoin.” etc.

John : Nice.

Lij : Okay, cool. So for our listeners – say for a listener who is an absolute beginner at this – how would they about, right now, getting some SolarCoin? Can you  explain the basics?

Nick : Sure. There are a couple of ways. Obviously you buy on an exchange, and those are listed on the site. As a claimant – let’s say you have solar panels on your roof – just go to the web site, download a wallet, and then fill out the form – submit the claim. There are about 10 or 15 pieces of data we need, and if you have solar on your roof you”re going to know – pretty much – what those pieces of data are, in terms of, “Oh, here’s the type of meter. Here’s how much [you’ve] generated.” The same way that you might look at your electricity bill and say, “I used 50 kilowatt hours last month.” You’ll go online and be able to look — because you’ll get it from whoever is providing, monitoring and managing your solar panel. You’ll have a little report that will say, “You generated 50 kilowatts.” You just put that in the form. It usually takes 10 to 15 minutes to do the first time.

Lij : Okay, and so for somebody who might be a beginner — for example, they may have experience with solar panels, and having solar energy, but this whole concept of SolarCoin and Bitcoin may be new to them. How would you describe what downloading the wallet means to them?

Nick : Sure. Just go to the homepage. You’ll download a piece of software that will sit on your computer. It will sink up with the blockchain – or this large ledger of all the transactions –

John : And we should let people know that the faster your computer is, the faster it will do that. And that if you have a really slow computer, it could take half of your day.

Nick : [laughter] Yeah. It just runs in the background, so you have to be patient. Inside that piece of software – which is called your wallet, which is basically where you’re going to store your coins – you’ll get an address that will be the receiving address. That’s basically where you ask people to send your SolarCoins to. Take that address, put it – with your other information – into our web site, on the claim form. It’s right up there on the homepage. There’s a button for claiming SolarCoins. And usually, within three to four days, your SolarCoins will be sent out, and you’ll get an email, and you’re part of the process. You’re part of the SolarCoin community.

Lij : That’s cool.

John : That’s well explained. And I guess the form that they fill out to verify the production of solar energy is also probably fairly straight-forward?

Nick : Yes, it is. We’re designing it to be as simple as possible. And right now – because we’re in the early phases – we’re learning how to make it as simple as possible, and just building out the database to automate it more. So right now, for all the volunteers in our community, it’s a very manual process to do all of that stuff, across 11 countries – as you can imagine.

Lij : So do you have a term, or a name, for the people who have downloaded wallets? You know, the volunteers in the SolarCoin community? Are they referred to as “the planets”, or the [?], or-

John : How about the “Sun Gods”.

Nick : [laughter] You know, we don’t. One of the fun things about the whole process is the communities come up with some great names and concepts, and it’s fun to watch the whole thing grow organically. So, from the name of the smallest unit being a “photon”, instead of a “Satoshi”. Someone refers to the currency now as “Solars” – which, kind of, seem like “dollars”. So, we’ll have to see. Again, let people self-identify. It will be one of the great things when people come up with the nickname of how they want to be called.

Lij : Okay. So now do we explain to the beginner how they might go about mining SolarCoin at this point?

Nick : Yeah. Mining SolarCoin is really like any alternative currency. There are a couple of ways to try and go about that. One is the wallet itself. If you download the piece of software from the web site, it allows you to mine the SolarCoin. That being said, the difficulty now found in the currency is so high that really mining with a PC isn’t worthwhile. It’s not efficient. So, if you really want to get into mining, it’s really for the techie people – who probably are already miners.

John : Or the gaming folks, that have GPUs sitting around?

Nick : Yeah. They can either use a GPU, or you go and join a mining pool and lease a mining rig. I’m not going to try and explain that to people. I think that they can probably find better explanations online to do it.

John : There’s a lot of information online about that.

Nick : Exactly. It’s just like any other coin, from that aspect of the mining.

Lij : Great. Well thank you so much. That was a lot of great insight into SolarCoin, and just the process of investing, and the value of money.

John : I agree. And, you know, I still like to think of the sun as the giant nuclear energy plant in the sky, without the associated risks of radiation, without the associated risks of nuclear waste, and Fukushima-style problems. That’s my perspective.

Nick : Yeah. I’m actually working on reviewing a paper for an astrophysicist at Harvard.  He’s doing some stuff on economics, and he’s under the same agreement that the most effective means of energy – from a safety perspective, a bio-safety perspective, for 100 or 200 years – is solar. Because it doesn’t have a thermal footprint, which nuclear, fossil fuels, and other things have –

John : Right, and yet we still have goofy people out there saying, “Why solar? We have plenty of coal?”

Nick : Well, it’s always good to have a diversity of opinions, and well thought-out arguments. The good thing is that solar is getting cheaper all the time. So eventually it just becomes a simple, economic argument.

Lij : Yeah.

John : So the last thing I’d like to ask is you wrote somewhere, I read, “The nature of value is the economy of life.” Can you close our interview with some words of wisdom for our listeners?

Nick : The economy, long term, will continue to grow, find, and invest and allocate to stable things that contribute value to us all. And those will grow.

Lij : Like the sun.

John : Nice.

Nick : There we go.

John : I’m investing in the sun. Thank you so much.

Lij : Nick, thank you so much for joining us today on “Bitcoins and Gravy”, and we look forward to seeing what happens with SolarCoin, and hopefully speaking with you again down the road.

Nick : Great. Thank you very much.

John : Thanks Nick. We really appreciate you being here.

Nick : All right. Take care. Bye.

[outro music]

Lij : Thanks to today’s guest on the show – Nissan Bahar of Keepod, and Nick Gogerty of SolarCoin. To find out more about our guests and sponsors, visit our show notes at http://www.bitcoinsandgravy.com/episode17 . Thank you so much for listening to our show. We greatly appreciate your time and attention. If you like the show, please remember to go to ITunes and leave us a review. Also, hit the “subscribe” button if you would like to hear from “Bitcoins and Gravy” each week.

John : And remember the “Bitcoins and Gravy Hotline”. Have you ever wanted to be a podcaster? Then call us at 615-208-5198, and leave us a mesasge with your comments, questions, or complaints. This is your opportunity to tell us what you think. If you give us permission, we will put you on the show. So call the “Bitcoins and Gravy Hotline” at 615-208-5198. That’s right, that’s the “Bitcoins and Gravy Hotline”. And, of course, we offer a number of ways for you to download all of our past podcasts. You can go to http://www.letstalkbitcoin.com, or directly to ITunes.com, or you can go to our web site : http://www.bitcoinsandgravy.com

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Lij : And remember, it’s your reviews and comments that help new listeners discover “Bitcoins and Gravy”, plus all the other great shows on the “Let’s Talk Bitcoin” podcast network. And we thank you for your generous tips and donations.

John : I”m John Barret.

Lij : And I’m LIj Shaw. And you’ve been listening to “Bitcoins and Gravy”, from East Nashville, Tennessee.

[end]

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Free Transcript Project : #7

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Source video
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Title : “Evernote Tips : The 11 Amazing Features That Make Using Evernote So Freaking Awesome”

URL : http://www.youtube.com/watch?v=Ce2_gWZHBIs

Organization         : “Evernote Scott” :
Web Site                 : http://www.scottbradley.name/
YouTube Channel : https://www.youtube.com/user/EvernoteScott 

Host                        : Scott Bradley
Contact                  :  contact@scottbradley.name

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Transcript
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Scott Bradley : Hello everybody. This is Scott Bradley from the web site scottbradley.name . In this video I’m going to share with you the ten features that make Evernote massively powerful as a tool to use in your daily life – either as an entrepreneur, or as a busy professional. If you haven’t already created your account I recommend that you do so. All you have to do is go to Evernote.com, and in the top right-hand corner go through the prompts to create your account with your username and what-not. I’m going to show you – this is the web-based version of the application – but as you know there is also a Mac [offline] based version of the application, and I will be showing you a couple of the features that you’re able to have in the [offline] application compared to the web application. So, I’m going to start with the web-app features and then I’m going to move right into the application features – and I do believe they have it for PC as well as Mac.

So, within Evernote, when you get your account the inside of Evernote is going to look like this. You’re  going to have a left-hand panel that is going to show “notebooks” and “tags”. You’re going to have this column here which will basically show the “notes” within each “notebook”. Then over here is basically where the “note” content is. So, if you’re new to Evernote you’re going to find out that the way that the content and the organization of the actual application is, you have your “notebooks” at the top, your “notes” within the “notebook” – you’ll be able to select – and then content within each “note” within each “notebook”. So, I know that may be a little confusing, but I want to make it clear for you by going through each of the features.

So, within Evernote – again, when you sign in, this is what it looks like. So the very first feature that I want to show you is that you can crete a series of notebooks – an unlimited amount of notebooks within Evernote – and I’m going to show you why that is valuable. So in here, to create a notebook, you’re going to come here and click this downward arrow and click “new notebook” – and we’re just going to call it “test”. Then, the best thing about creating notebooks, is that you can create “notes” within notebooks. So as you can see here in the top right-hand corner, you have a new note, and we’re just going to title it “test” and “a test” as the note content. Then you’re going to click “done”. Now as you can see here, within the “test” notebook there was a new “test” [note] that was created, and then you have the word “test” within the note content. The best thing about this is that you can go in here and actually add more text and click “done”, and you have your notes. So imagine in each notebook you can have an unlimited amount of notes that are in this notebook, in and of itself.

So, that moves me to the next feature I’m going to show – feature #2. Basically, I’m going to show you that you can [do] what’s called “stacking” notebooks. So, for instance, say you have a series of notebooks that you want to group under one specific category, you can do that in Evernote very, very easily. The way to do that – again, I’m just going to create a brand new notebook… “test 2”. So as you can see here I have “test” and “test 2” notebooks. What I want to do is, say for instance, both of these notebooks are different types of food, and I want to create a super-notebook and call that “food notes’, and this one would probably be “Japanese” and this one would be “Chinese”. I’m just using that as an example. You can use it the way you want, but I’m just showing you how to work it. So, what you do to create a stack is you click the notebook, and then you drag it on top of “test 2”, and then you let go of your mouse. Then you name your stack – we’re going to do “food types” and “save”. So as you can see here, it created a super-notebook and “sub-notebooks” under that super-notebook. And the thing is that you can make it go big, make it go small, and all that good stuff. It’s just a really, great feature that makes Evernote so awesome, because you can really organize lots of information. In all of the videos I create here on the YouTube channel you will see that this is really valuable. So, “stacks” is the second thing.

The third thing that I want to show you – and again, we’re going to go back to that one place with the note, and I’m going to “refresh” here. All right, so the next feature that I want to show you is what are called “tags”. So, depending on how your brain works – my brain works differently than yours, obviously – but the next thing I want to show you is what tags are, and why they are valuable. So, in the framework you have the “notebook”, you have the “note” within the notebook, and you have the content of the note within the notebook. What’s great is that the tags allow you to create one more type of filtering mechanism within your Evernote notebook in being effective in finding what you need, or using information in a strategic way to accomplish goals and results and all of that stuff. So, I’m going to show you how to do that within the web notebook – or the web-based application. So all you have to do is come up here and click “edit”. As you can see here there are “alt add” tags. So what you do is click on that, and what we’re going to do is “test tag”. Once you’re done with that, click “off”, press “done”, and as you can see here there’s a tag called “test tag”. Now, I’m going to refresh to show you why that’s valuable. If you notice in the left hand column – you know we have all of our notebooks up here – and in the bottom left-hand corner we have our “tags”. So say, for instance, you have hundreds of thousands of notes in here, and they’re all tagged appropriately and what-not. If you click up here on “All Notes” – which basically, again, shows you all of the notes you have – and this Evernote note is what shows up immediately when you first sign in. Actually, instead of 10 features I’m going to show you 11 features. I just now realized that I forgot one, so I’m going to explain what the “web clipper” is at the very end. Let me write that down here… okay. So, the best thing about tags is that if you select that the “All Notebook” notebook, and you press “test tag”, it will only pull up the notes that are tagged with that actual tag that you created. So, you can image – depending on how your brain works, and depending on the type of information and certain things that you’re integrating into your life – when using this application, you’ll be able to use tags effectively. Again, in all of these videos I am creating for you I will show you certain ways to leverage tags as you integrate Evernote into your life to be more effective as an entrepreneur or a busy professional.

All right. The next thing I want to show you which makes Evernote so awesome – as I am a massive proponent of Evernote – is the “search” feature. Again, this is another filtering mechanism to help you find the information you need in a quick, efficient way. So, I’m just going to show you how it works. Typically, when I do searches with in my Evernote, what I make sure I first do is click “All Notes” at the top, and as you see here there’s a search bar. So say, for instance, we want to find the note that says “test” in it, all that you have to do is go “test”, then “search”, and boom – there it is. So it pulls up notes within notebooks with the words that you’re searching for. And again, from a filtering mechanism like, “Oh, I know I wrote that down in Evernote, but I just don’t know where it is.” the search feature really helps you be effective in finding that information when you need it most. So that’s really good.

The next feature which I’m going to show you, which is feature number – let’s see… one… two… three… four… five… on our list – is the ability to share notes with people via a link. Whether you want to share it in Facebook, share in Twitter, share it in email – this is a really great feature that, depending on how you use it – or depending on how you want to use it – you do have this option. So, I’m just going to show you how to do that really quick. So, I’m going to go back to our “test one” notebook for this actual note, and I’m going to show you how to do it. It’s really, really simple. On the top right corner you’re going to see the “share” button with a downward arrow. Then there’s this menu that pops up. What you’re going to do is you’re going to click “link”, and it’s going to give you this link in this note URL. So, I’m going to do “COMMAND + C” on my Apple, or if you’re on a PC you want to do “CONTROL + C” to copy it, and then you’re going to close, and as you can see here this is now shared, and so if I open up a new window and press “CONTROL + V” – which copies it – this is an actual public-based note that I can share via email. If I want to throw it into Facebook, or I want to throw it into Twitter you do have that option – which is a really, really great feature within Evernote that allows you to use it in a myriad of ways dependent on what your needs are as a busy professional or an entrepreneur. So, I really like this feature. Now, if you wanted turn the sharing off of a specific note note, all you need to do is come up here, press “share” and then press “stop sharing” and boom, you’re done. So you can turn it on, you can turn it off – depending on what you need to do – it’s really effective. So I’m sure your brain is swirling with ideas right now, but I’m going to keep going.

So the next feature on our list [is] as you can share “notes”, you can also share “notebooks” – which is another great feature within Evernote if you’re doing projects with teams that are remote. Whether your friend is in New York and you have another friend in Vienna, and another friend in Texas and you’re in California, you can share notebooks and create an entire project and manage a lot of stuff within one notebook within Evernote, which again is a really valuable thing. So, I’m going to show you how to do that. Again, very similarly to sharing individual notes, you’re going to do the same exact thing. So just make sure that the notebook you want to share is highlighted. Then in the top right-hand corner you’re going to see the share button, and it says “share notebooks”. So you share the notebook, and then you basically select which one you want to start sharing and then it’s going to ask you, “What are the emails of the people you want to share this with?” Then it will send them the invited via email and then they can follow the process of accepting the shared notebook. Very, very cool feature if you are managing virtual teams, or your team is virtual. Whatever it is that you do it’s really effective. So, I really like that feature as well.

Now, another feature that makes Evernote so awesome is that, as you all know, we all have an email account. We all have an email client that we’re using, whether it’s Gmail or Macmail or Outlook or Hotmail, or whatever. One great, awesome thing about Evernote is that you can actually send stuff into Evernote via an email address. When you sign up for your Evernote account you’re going to sign in with two notebooks already created. You’re going to have an “All Notes”, which is standard – you can’t delete this notebook. You’re also going to have another notebook with a little star next to it. Now, I’ve renamed this notebook “Inbox”. I don’t exactly remember its title, but the fact that it has the star, that becomes what’s called your “default notebook”. [This] basically means that anything you send into Evernote is going to land within this notebook, which again is just the way Evernote works. I’m going to show you how to find that email address so you can start sending good stuff into your Evernote inbox. So, the way to do that is really simple. You come up into the top right-hand corner and you see your username. What you want to do is click that username, and you’re going to see “settings”. You want to click “settings”. And as you can see here, it says, “Email notes to :”, and it gives you this really strange, weird email address. So, basically the way that works is – I’m going to go to my email account here really quick. If I have a note that I want to send in, or I get an email from somebody that I want to send into my Evernote, all that I do is put up the message, or I press the “forward” button, and type that, and boom – that’s in my Evernote email. So anything that I get that I want to save, but I don’t necessarliy want to delete from my Evernote inbox, I can forward it on into the Evernote account, which you can imagine the organization you can create within that for stuff that you want to save but you don’t want to keep in your inbox because you want to keep your inbox clean. There are various uses for this. It’s really, really effective for organizaing and staying on top of your life to get more done in less time to be more productive and have greater peace of mind – which is reallymy reason for using Evernote in my life, along with a couple of other systems that I’ve set up for myself. I may get into those in later videos depending on how this content is received by you guys. So, again , email into Evernote is the feature that I just went over.

For the most part, the last feature that you can integrate into Evernote in the web-based version is the “web clipper”. What the web clipper is is a plug-in that you can put into your browser that allows you to save any types of pages that you come across online. So, I’m sure that – this is in Chrome – and I’m sure that once you install the web clipper – I personally don’t use it myself, if I need something I’ll take a screenshot of it and throw it into Evernote as an attachment. But, if you want to save web-based stuff, what you want to do is download the web clipper, and I’m sure the way that Chrome is set up it would probably show up in the top right-hand corner, and it will probably look like the elephant logo of the Evernote thing. So say you go to a web site, you like what you see, you press the Evernote web clipper, you title the note, you may tag the note if you want to, put a little bit more content, and then you press “send into my Evernote”. Then more likely than not it will come in to your default notebook, which then – once it is there – you cab figure out how you want to process it from that point, which is really, really great.

So with all that being said, this is the web-based version of the different features that make Evernote really popular, and what I really love to use it for. Now what I’m going to show you is when you decide to download the application either for Mac or PC, I’m going to show you a couple of more features that make Evernote powerful. So I highly recommend if you are able to [that you] download the application on your computer, because you get more functionality and more features that I’m going to go over. There are three features that make it even better, in my opinion. So, again I’ve created this blank notebook and here’s my Evernote, and I’m going to go into all of these other notebooks and how I use them in other videos, but for the sake of the example I want to show you the other valuable things that can be done in the actual application when you download it.

So there are three specific things. The very first thing is that when you edit notes you can add text, you can click off, and then you click it in and you can add text again. Now, I don’t know if that is really a feature, but you don’t always have to be pressing “edit -> done”. It just a convenience thing in and of itself.

But the first thing I want to show you for the first feature is that you can add in audio clips – which is awesome. So, if you can see here at the top of this bar – which is the editing bar – you’re able to have this little microphone. It says “record audio”. So if I wanted to record a short audio clip – like if I get an idea, or something I just want to throw in and put down – all I have to do is press this little audio thing, press the “record” button, and as you can see it’s recording my voice as I’m talking. You press “record”, and we’re just going to test it here. “Testing… testing… one…two…three”. Save it. Boom. Then there’s the audio for you to use, and as you can see here it shows that there’s an audio note within this. It’s awesome. So that’s the first feature I wanted to show you within the actual application.

The second feature is, say you go to a networking event and you get a slew of business cards. Then you come home, you pull out the ones that you want, you throw away the ones that you don’t. But you don’t want to just pull the ones that you want and throw them on the desk. You want to actually have them someplace that where you can find them easily. Another great thing is that if you look up here there’s something that kind of looks like the “Picasso” logo from Google, for their picture application – their web-based picture platform. So basically this says “Take a snapshot.” So, for instance, say you have those business cards and you have them in Evernote, and you want them to be searchable. You can click “snapshop” – and I have an Apple so I have a camera right on the top of my screen. So I can take a snapshot of that business card, and once that picture is in there then it even recognizes the text. So say, for instance, you knew that you met a “John” who was a graphic designer at an event, and you wanted to pull his information up and give him a call because you needed his services. You can go in, click “All Notebooks”, and then the search bar for me is up here. I can press the word John, and all the notes with the word “John” in it, as well as the pictures with the word “John” on it will be pulled up. So you can do that for pictures, you cac do that for information. Whatever it is that works for you, you can use it for that, which is really valuable.

Now the final feature that I want to show you is that you can actually also add attachments into Evernote, within each note. So as you can see here, there’s a little paperclip, which is “attach a file”. The best thing is that you can actually either click and “drag and drop” into these notes to drop your stuff, or you can use the Evernote “web clipper”. So if you have lots of different files for different clients you’re dealing with, or you just like to save pictures, and you want to create a notebook of pictures within your Evernote as a notebook. So, kind of, th structure you have of a “pictures” notebook, and then within each note you have a picture, and then within each note’s note you have content. You can also click “drag and drop”. For me – as a copywriter, a marketer, and an entrepreneur – I like to take pictures of ad copy and clip, drag, and drop and put it in my “swipe” file. I’m going to show you in one of later videos within this channel how I do that really effectively.

So this concludes the video of all the great, amazing features that makes Evernote completely and incredibly awesome for entrepreneurs, busy professionals, and people who love to be organized and love to be on top of the ball. In the other videos I’m going to go through some more amazing stuff. So be sure to check out my channel. This is Scott Bradley from http://www.scottbradley.name . I hope you got a lot of value out of this, and I look forward to hearing your feedback, so please do leave your comments below. All right, have agreat rest of your day and I’ll talk to you soon.

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Feel free to donate some Bitcoin to support the research and writing effort of this blog.

Donate some Bitcoin to support the research and writing effort of this blog.

Day 13 : The Art and Science of Research in Transcription Work

computer and books for transcription research

Feel Free to Choose A Sub-Section of this Post
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1. Random Thoughts on Transcription and Non-Transcription Related Issues
2. Daily Progress – Research Findings, Tasks and Skills Development
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Random Thoughts on Transcription and Non-Transcription Related Issues

Research is a very important element of the transcription process. Concepts, terms, and words often arise in audio and video files which are within the realm of specialized knowledge and can often only be deciphered through adequate research tactics. In addition, accuracy (in the form of the highest percentage of properly deciphered words in the recording) is often vital in terms of keeping clients content and continuing to use your services, or in the realm of more serious transcription work (legal and medical) errors can have serious (sometimes fatal) consequences to those people and/or organizations who are the subject of the content.

Transcriptionists often specialize in specific areas of subject matter (whether it be the more formal legal and medical transcription, or all other sources of audio/video which deal with jargon-dense knowledge such as computer technology, business projects, adventure sports, eclectic hobbies, debates on current controversial issues, etc.). The ability to research quickly and effectively can help you land a transcription job, keep it, and benefit from the knowledge of the subject matter contained in the recordings.

The good news is that research (especially the type done by utilizing the plethora of powerful and quickly-accessible online resources and tools) is a skill which can be developed (to as advanced a level as you desire). Advanced research skill is a valuable asset which can be applied to many areas of your intellectual, social and occupational endeavors. It increases your speed and efficiency at transcribing, as you will be better able to decipher technical words spoken in the files. This, of course, leads to faster completion of projects and thus the ability to do more projects in less time and earn more income. Advanced research skills also enable you to dig deeper into a subject, while also being able to determine the quality of the source of information.

In addition, along with some additional powerful free software tools, such as the free Evernote organization application – for collecting, organizing and processing your research – you can develop more long-term research projects which may culminate in publication of your knowledge in the form of blogging, book and ebook writing, podcasting, etc.

There are a few levels of research which apply most directly to the actual transcription task which I will cover in this post. I have already written a comprehensive post about the free WordWeb program, and will also be writing additional future posts about specific software programs (such as Evernote) which will expand on the general research strategies and concepts examined here. I will link those new posts as they are published (which should be within just the next few weeks).

The first level (or step) in the transcription research process begins when you encounter words or terms in an audio/video file which are either indecipherable (due to various factors such as : poor audio quality, strong speaker accent, foreign dialect, etc.) or are highly technical/specific to the subject of the audio. To illustrate this in the more extreme form, the reason why medical transcription work requires years of formal training and experience is due to the enormous vocabulary of medical terminology you must possess in order to adequately transcribe the files commonly worked on. While as a general transcriptionist you are more free to simply decline to work on a file which is overloaded with jargon, there are often times when you actually DESIRE to work on such files because the subject is interesting, but you are intimidated due to your lack of adequate specialized vocabulary. In addition, since most files (especially ones you accept from the online boards) have a deadline within hours of acceptance, if your research skills are not up to par you won’t have the time to do the minimum research needed to complete the file on time. This is where the ability to conduct fast and efficient research becomes important. If you can quickly get up to an ADEQUATE level of vocabulary and/or knowledge related to the subject to get through the file via your speedy research skills, you will be able to accept the file, complete it, get paid for it, and perhaps work on additional files related to that specific subject. Many online transcription companies have regular clients who produce podcasts on specialized subjects. If you can get through one of the episodes, you can then find that podcast online, listen to some additional episodes to get a better feel for the style and content, and apply your research skills to expand your vocabulary on the subject. You will then be more able to take on the next episode of that podcast which becomes available through the transcription company job board. It’s usually a rewarding experience to work on multiple episodes of a production, in addition to the fact that your transcription speed becomes faster with each episode as you are more familiar with the people, terms, etc.

The first tool I utilize from my transcription arsenal is WordWeb. When I come upon a word which is indecipherable, or whose definition, spelling and/or pronunciation is unfamiliar I first hit [CTRL + (right click)] to pull up the word (and/or related or rough estimates of the word). I have discussed the features and uses of WordWeb in its own post, so please refer here for more detailed directions. However, from the perspective of research, WordWeb is your first-line weapon in dealing with new words, terms, concepts, and subjects which arise in your transcription adventures. For instance, if you are working on an audio file related to a new book which will be published in the near future, and in the audio file you are able to use one or more WordWeb features to decipher the name of the author (and hopefully also the name of the book and other books and info related to the book and/or author) you can then follow up with the next step/level in the research process – which is to use the various online research tools (ex. search engines (Google), Wikipedia, personal web and/or social media sites of the author, etc.) to dig deeper into the subject.

This second level of research is more complex and allows you to obtain a vast amount of information on the subject. An excellent book which examines the depths of the online research world is titled “The Extreme Searcher’s Internet Handbook: A Guide for the Serious Searcher” (sample copy) and I will be publishing a detailed review of this book in the near future. Although limiting your research techniques to the powerful services which are offered by Google (their search engine being just one of an array of helpful applications) you can fulfill most of your research needs, there is an extensive range of additional services and web applications which will enable you to take your research as far as you want to go with it.These include : web directories, portals, audio and video directories, academic research portals, and many others. I will elaborate on these in the future, but for now I can tell you, with confidence, that for essentially EVERY degree of research most transcriptionists (including those of use who engage in complementary pursuits, such as blogging) desire/need to do, most of it can be achieved using a handful of the basic (let’s call it “second level”) tools currently available and developed to a highly user-friendly level at this point.

The best way to explain this is probably to give you a nice little practical – but slightly fictitious – example, in order to not break any confidentiality agreements which transcriptionists are bound to. Since my main interest lies in podcasting and transcription I will create an example which will clearly explain the process and how easy it is to get from the point of discovering a new podcast production to researching that production to the point that you are well familiar with it and can take your research as far as you desire.
So, let’s say you are browsing the available job board of one of the online transcription companies, and you encounter a nice podcast file on a technological topic such as the cryptocurrency industry (ex. Bitcoin). You have a sample listen to the audio file and determine it is interesting and that you would like to transcribe  it. You accept the file and begin transcribing.
Now in this episode of the fictitiously-named podcast “The Cryptocurrency Revolution” the host interviews a prominent thought-leader and activist in the cryptocurrency world, such as Adam B. Levine. Now, as this is the first time you have heard of this person you start jotting down some notes as you (and/or after you) complete the transcript. Some of the most effective pieces of information to record are : the web site(s) and/or social media profiles of the guest, the names and details of their main work projects (especially podcasts and videos) and occupations, any personal details which especially resonate with you, any organizations and important people they are working with, etc. With just this kind of information – which is commonly made available in the general podcast format – you have enough data to do all the research you will need.
Once you have completed and submitted the transcription you can begin your follow up research on this newly discovered person. A good place to start is entering the person’s name in Google. This will give you a good general list of various resources (and types of resources) to get you started branching out. Since some people have fairly common names, it is often best to first check out their web site where they will have links to their specific (and official) social media profiles (as it is often difficult to pin someone down by manually entering their name in each social media search engine).
At this point I tend to follow through with the following general strategy. First, I create a new “notebook” in Evernote with this person’s name as the title. I then create a new “note” with a title such as “(Person’s Name) – resources)”. I add all of the data I have collected so far since doing the original transcription, including the URLs associated with the person – which is especially helpful since Evernote makes those links active in the notes and so you can click right through to them from within the note. I then begin working through the various resources in the Evernote file (and add additional notes to the file as things progress and I find more information and resources.
Basically, to get adequately up-to-speed with a person’s overall web presence, body of work, and initiating contact with them, I use a regular basic strategy. I begin checking out a few of their social media profiles. Their LinkedIn profile often provides the most valuable information about their professional and creative aspects of their life, as well as the most important contact information. I then follow up with their Facebook and Twitter profiles, which offer a more personal and casual information about the person and their interests. If I like the info I will “follow” their Facebook and Twitter profile in order to stay up to date on what they are doing as I continue researching them.
I then proceed to YouTube, which is the second (and usually final) major research tool needed to get enough information for follow up research into the future. I enter some of the keywords related to the person from the Evernote file. If this person is very active, the search query will return more than enough audio and/or video files to keep me busy for a while and get the adequate info on this person. The YouTube search is especially good for finding episodes of their actual podcast/videocast which I can then follow up on, evaluate and contact the person for potential transcription collaboration in the future.
So, with this relatively basic, but powerful, search strategy I am able to quickly (often in a matter of hours) find enough information about this person who I have newly discovered via a podcast transcription project which I was paid to do, to be able to become further familiar with them and eventually contact and collaborate with them in the future.
To be even more concrete, I used this very strategy to discover the excellent and prolific work of Adam B. Levine of the “Let’s Talk Bitcoin” network – www.letstalkbitcoin.com – and as a result of this discovery I have become an active contributor to his revolutionary open source community project, including some transcription work – one full transcript of which can be found here.
I will conclude the subject of transcription research her for now. More will be written on the subject – including related resources – as it becomes relevant into the future. For now, using the above research strategy should be MORE than enough for the research needs of most of the transcriptionists reading this.

Daily Progress – Research Findings, Tasks and Skills Development

In addition to integration the highly detailed basic research strategy into my daily routine, and consistently going through the daily research routine tasks mentioned in the last post, I have also been spending a bit more serious effort practicing on the one-minute transcription files along with reading through the style guide at TranscribeMe.

What I will say about these one-minute files is that usually offer a healthy bit of challenge to force me to improve both my transcription and research skills. One of the main benefits of the short files are that you can turn them over relatively quickly and so your time, energy and schedule are not tied down by longer files. You can jump in when you have a few minutes and complete a file and the move onto other important tasks.

The more challenging aspects of the system involve the fact that since the files are limited to one minute each, you generally don’t have much context with which to decipher words, terms, concepts, etc. which would be more easily done with longer files. On a positive note, this actually forces you to practice listening even more carefully, as well as developing and implementing quicker and more powerful research skills in order to find the bits of information you need to complete the file. Since there is also a shorter deadline on the file it is more important to increase your listening and research speed in this regard.

So, at this point I am finding it productive to spend a few weeks practicing on these one-minute files while I further concentrate on my research and blogging efforts (which consume a lot of time collectively). Working on the short TranscribeMe files allows me to get some good practice and make a little survival income while I continue building my empire.

As usual, this post is another post which is growing into a book and so I will conclude here. I am also busy working on several new “Free Transcript Project” files which will be rolling out (roughly one or two per week), which offers additional practice and content for this blog. In the next “daily diary” post we will further examine the nature of the online transcription industry companies and some of the cutting edge technology which is being applied to the transcription process.

Happy Transcribing!
freelance_transcriptionist@hotmail.com

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Feel free to donate some Bitcoin to support the research and writing effort of this blog. Donate some Bitcoin to support the research and writing effort of this blog.

Free Transcript Project : #6

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Source video
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Title : “Disruptive Leaps – “Let’s Talk Bitcoin – Episode #134”

URL : http://youtu.be/3bmeohism0g

Organization         : “Let’s Talk Bitcoin” Network :
Web Site                 : http://www.letstalkbitcoin.com/

Host 1                      : Adam B. Levine
Contact                  :  LinkedIn Profile , Email : adam@letstalkbitcoin.com

Host 2                     :  Andreas M. Antonopoulos
Contact                   : LinkedIn Profile
W
eb Site                 : http://www.antonopoulos.com/

Guest                       : Jeffrey Tucker
Contact                    : LinkedIn Profile
W
eb Site                  : http://www.liberty.me/

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Transcript

Announcer (Adam B. Levine) : Today is the 9th of August, 2014 and this is episode 134. This program is intended for informational and educational purposes only. Cryptocurrency is new, highly experimental, and we’re not experts – just obsessed companions, walking the road towards a more peer-to-peer future.

Adam B. Levine : Welcome to “Lets Talk Bitcoin”, a twice-weekly show about the ideas, people and projects building the digital economy and the future of money. My name is Adam B. Levine. Today on Let’s Talk Bitcoin I’m joined by Andreas Antonopoulos, one of the other hosts of the show.

Andreas Antonopolis : Hello.

Adam Levine : And today we have a special guest, Jeffrey Tucker – one of my favorite economists and a spirited Austrian. Jeffrey, how are you?

Jeffrey Tucker : Everything is really great. I’m so happy to be here. It’s really great that we’re able to meet up. I’m on the road a little bit doing this and that. I just got back from a nice Bitcoin meetup in Washington D.C. last night.

Adam Levine : So you are in Washington right now. What are you in Washington for?

Jeffrey Tucker : I came to introduce a series of seminars for, first the Charles Koch Institute, and then a nice interview on “Reason TV”, and now I’m headed to give a big lecture to the “National Convention of the Young Americans for Liberty”, which is kind of a political organization. But when you ask me to speak you’re not going to get too much about politics. You’re going to get a lot about crypto-anarchy.

Adam : So we have a lot of listener questions. Since we’ve booted up the forums I’ve been posting, “Hey, we’re going to be talking to these people. Do you have any questions?” So the first one that we have comes from the listener “Strip”. He says, “Is it necessary for Bitcoin to be a symbol for some kind of idea? Is the symbolism important? Is the idea important? Or is it the tech?”

Jeffrey : So this is a very interesting question because lot’s of people have different views about this. Even in Bitcoin meetups you find some people who have very conventional understanding of Bitcoin as a superior payment network. They see it as an improvement over Paypal. Then you meet other people who come out of the cyber-punk, anarchist world, and see it as a tool for liberating the world from nation-states. These are very different views, right? My own opinion about it is that it’s both things, and all things, and people should just hold whatever views they want to about it. The beautiful thing about Bitcoin is that it is not dependent upon our opinions of it. Nobody is in charge of Bitcoin. I don’t think it is necessary that we have a particular ideology going into our Bitcoin promotion or ideas. We can all interpret and understand it in a different way. If you think about it, it’s almost like electricity or internal combustion or something like that. These are gigantic and technological improvements that have entered into civilization. Many people have different ideas about how the technology is going to be used. That’s good and fine, but the tech is going to take it’s own direction regardless of what we think about it.

Andreas : I love the idea that it is both, because I think that the technology itself is most certainly neutral. It’s a technology that can be used for a variety of purposes. But at it’s core it encompasses certain principles : principles of transparency, principles of openness, peer-to-peer use that is decentralized and egalitarian. And here’s the trick, a neutral technology is not neutral if you put it in a world which is terrifically biased and skewed. Or as George Orwell said, “In a time of universal deceit, telling the truth is a revolutionary act.” So in a time of universal financial deceit, a transparent, open and egalitarian financial network is a revolutionary technology. It is political – not because it is inherently political – but because it is put into a context of deceit. The act of creating equal access finance with transparency – in our world – that is revolutionary.

Jeffrey : This is a wonderful way to put it! So often, Andreas, when you speak I often feel like I am sort of 1.0 and you are 2.0 – and I completely agree with what you said. I also love how Bitcoin embodies all of the coolest technologies of our time. What I am about to speak on at the Y.L. is about all of the beautiful technologies that are driving the world forward. From cryptography, open source program, and distributed networks and peer-to-peer relationships – these are entirely changing the world. I’m not sure if people are aware of this – especially these highly politicized young activist. The ground is shifting beneath our feet, and Bitcoin represents, I think, the most developed embodiment of all the coolest technologies that we’ve seen emerge over the last five to ten years.

Andread : I’ll give you another example of a technology that is inherently neutral, but when introduced into a society that was hopelessly biased it caused a revolution. That was the telescope. Galileo put two pieces of ground glass on the ends of a tube and peered up into the heavens, and what he saw was not heavens. What he saw was circle objects in elliptical orbits rotating around the sun. And that was simple truth. It was completely neutral. It was just reality sitting out there. But you drop that into the middle of 16th century Catholic church indoctrination, and that is a nuclear weapon on mass enlightenment which destroys all of these preconceived notions of a firmament – a heaven above, a material world below. Geocentricity instead of heliocentricity. That is an enormously revolutionary act, and it simply involves opening your eyes and looking up, and seeing something that directly contradicts 800 years of dogma and indoctrination. Does that make the telescope a revolutionary technology? Does that making looking reality in the face a revolutionary act? No, it’s completely neutral. It just is.

Adam : But it’s disuptive. It’s very disruptive.

Andreas : It ended whole nation-states. It destroyed kingdoms. It brought down royal families. It upended the world. It lead to people nailing proclamations of doors and taking of on ships and colonizing a new continent with completely different ideas. It lead to the French revolution. It lead to a victory of democracy over the middle ages – the “dark ages”. It lead to the end of the Holy Roman Empire. And it was just two pieces of glass on a tube. Again, it’s not the technology itself, it’s the context within which it appears.

Jeffrey : In Thomas Kuhn’s book “The Structure of Scientific Revolutions” it’s really, really interesting his description of a prevailing orthodoxy, and a paradigm that comes to be overthrown in the course of development of science in which there are too many anomalies that appear that are not explained by the prevailing paradigm. Then the paradigm collapses and we enter into a pre-paradigmatic state, where there is a lot of argument about what we are going to believe now about the future. Then a new paradigm emerges. As I was reading I couldn’t help but think that that applies also to social and political systems also – not just scientific paradigms. I really feel like we’re living through one of those right now. Andreas, you mentioned the underlying context here of a, sort of, equipotent world in which peer-to-peer relationships are the dominant thing. I really see that as the emerging new paradigm, and the failing paradigm – that is ending – is one of hierarchies and third-party trust relationships – whether it be banks, corporations or nation-states, actually.

Andreas : The problems is that these changes are, obviously, massively destructive because there are a large number of people in very powerful institutions invested in maintaining the status quo. No matter how wrong it is. No matter how perverted it is. No matter how much pain and suffering it introduces into the world. It’s very profitable for some, and you know, as another saying goes , “If your paycheck depends on you not seeing they truth, you won’t see the truth.”

Jeffrey : People get really embedded into the current paradigms, and to orthodoxies. People don’t understand really. This is what Thomas Kuhn’s book was an attack on, is the Whig’s theory of history – that there is a, kind of, smooth evolution of marginal improvements that go from thing to thing to thing. What he said was that actually we, sort of. hurl from one paradigm to another. There are all of these establishments that exist raised up around certain belief systems, and people are born into a certain structure, and they absorb that into their belief system. And they hang onto that for as long as possible until it becomes essentially impossible to do otherwise. This is what I think is essentially going to happen with Bitcoin. We all encounter ressistance to it. We are surrounded by people who are resistant. We see, sort of,a gradual enlightenment taking place. I notice in the last month, for example, I’ve personally encountered two people who were radical, radical Bitcoin critics a year ago, who have completely changed their minds in light of of just experience. That would be Peter Schiff and Jim Rogers, two intellectual investors who I really respect, who used to laugh at me for my views on the subject, who have now come around completely and admitted that they were completely wrong and are looking forward to a beautiful Bitcoin future.

Andreas : Well some of the strongest advocates in Bitcoin were originally skeptics. It’s in the nature of a skeptic – an honest skeptic – to ask hard questions. When you encounter someone who – as soon as you introduce Bitcoin to them – doesn’t just dismiss it, but dismiss it by asking really hard questions. Then you notice that they’re eagerly listening to your answers. They present you with their objections, and they are hoping that you will be able to overcome those objections to give them rational arguments to rethink their position. An honest skeptic will give you arguments, will let you demolish them, and then will make that change, absorb the new data and become an advocate. Some of the strongest advocates, I think, started like that. Then there’s a completely different category of person who is a skeptoc, but does not want to assimilate any new information that would violate that thinking. They don’t ask questions. They have preconceived ideas of what’s true and what isn’t, and any attempt to tell them about Bitcoin is dismissed. That’s how you know the difference between an honest skeptic and a dishonest skeptic, I guess. I don’t think it is surprising that people like Peter Schiff made that change, because that’s where our strongest advocates will come from.

Jeffrey : Can I tell you how it happened? It’s actually very funny. So, I’m bumping into Peter Schiff, and I’ve been arguing with the guy for like a year-and-a-half or even two years about Bitcoin. Because even before I became an advocate I was not a critic, right? He was one of these critics who would give like 65 reasons why Bitcoin is a terrible ides – one of these kind of guys. Then I ran into him in Las Vegas at “Freedom Fest” and he practically grabbed me by the lapels and said, “I have the most amazing story to tell you. My company started accepting Bitcoin, because I figured ‘Well, if I can get it converted into dollars right away, I don’t care .’ People can pay me in bananas – if it is converted into dollars it doesn’t matter to me.” So he enabled a widget on his web site that allowed his clients to pay in Bitcoin. And he said to me “You know, I can’t believe it. When I usually get international transfers in for some of their product they have to wait for or five days for a wire transfer and pay huge transactions fees for Paypal, and credit cards are ridiculously expensive and always involves some fraud issues.” He said, “But with Bitcoin, did you know that I can process these transactions even before the client gets off the phone and I pay virtually zero transaction costs?” And he’s telling me this – with wide eyes – as if he’s telling me news, you know? So I said, “Really Peter, is that right?” and he said, “Yeah, I’m telling you, that’s what’s right.” I said, “Well okay. I’m glad to hear this.” It’s the experience I think.

Adam : The experience really is it. That really is it. I think we all started as skeptics. I was looking at Bitcoin for a good year before I really felt like it was something that I might put some money into. And that was seeing it crash and come back a couple of times. It just seems like everybody has their own comfort threshold.

Andreas : Right, and as we expand adoption we’re reaching a comfort threshold of more and more people. They see the first crash, the second crash, the third crash, the forth crash, the fifth crash – and it’s still not dead, which is kind of remarkable. The number of obituaries that have been written for Bitcoin in quite staggering.

Adam : I thought it was pretty remarkable.

Jeffrey : I’m sitting here so thrilled, Here it is – I guess we’re approaching August 2014 – and I started writing about this subject around February 2013. I didn’t expect what would happen, but I wrote about five or ten articles right away, since I kind of stared engaging the Bitcoin economic structures and seeing what they’re all about. Then, in a funny way, the ceiling fell in on me. All of my old colleagues and friends started coming out of the woodwork to say that I was not of sound mind – that I had forgotten all of the lessons that I previously knew, and that I had, sort of, lost it. I was severely attacked and criticized – and it shocked me really. I have to admit to you that it is has been delightful over the last year-and-a-half to see how all of these people have shut up. You know? I hate to feel that sense of schadenfreude, but I just do.

Adam : It’s nice that there’s more support for it now, but we still haven’t hit that 1% yet,

Andreas : Yeah, Jeffrey, you said something that got my attention, which is people telling you, “Have you forgotten all the lessons? Have you forgotten all the things you know?” And that’s really the primary criticism of an established paradigm. The lessons and the things you know ; the conventional wisdom which is being drummed into your head. Especially if you study the subject – as an insider, as an academic in the space, or as a professional in the space – and you become skilled and expert in the space, that means you have reached the apotheosis of indoctrination. You’ve absorbed all of the dogma and become adept at teaching it to others. So the ironic thing is that the people who are able to escape the paradigm first are the ones who have never been schooled in it. If you come at it and say, “I don’t know anything about money so this Bitcoin thing looks good.” you’ve got a better chance of learning something. But if you think you already know everything there is to know about money and you have that conventional wisdom in your head, it’s almost impossible to escape that paradigm. It invades your life in every way. It informs your academic success. You’ve written papers about it. You’ve taught thousands of others the same thing, and reinforced it in your own mind. You’ve expanded your view within that narrow framework. You’ve explored it’s edges. You’ve taken it from a vague description to hard lines and sharp edges. Then stepping outside of that is almost impossible. So you see that sometimes a person who comes along and throws all of that in disarray is someone outside the field. It has to be, because they’ve avoided the indoctrination. It’s the patent clerk at the Austrian patent office who says, “Newtonian physics? I don’t think so.” It’s the tinkerer who has no formal training in electronics who understands a new perspective. And it’s the half-programmer, half-physicist systems-thinker “Satoshi Yakamoto” who is obviously not an economist, who comes along and says, “Well how about we do it this way?”

Jeffrey : I love what you just said, and I hope that somebody transcribes those two paragraphs you just said. I know in my case I had a serious problem that everything I thought I knew argued against the legitimacy of Bitcoin. It became a serious problem for me mentally, because I couldn’t make sense of it in light of my theories. But at some point I decided look, “What am I going to trust? What I actually see out the window? Or the theories that are in this hundred-year-old book that I’ve got rolling around in my head?” I finally had to trust reality over theory and hope that at some point they could reemerge together in a way that makes rational sense to me. But there was a whole long period in there where I couldn’t actually bring the two together. But none-the-less Bitcoin is happening. So I had to take almost a kind of a leap out of my prevailing orthodoxies in order to embrace Bitcoin. Then, gradually – over the course of about twelve months – I began to put it all back together again. Now Bitcoin makes sense to me in light of what I previously understood, but with some tweeks, you know? So there is a certain amount of intellectual humility which is required to leave one paradigm and enter another.

Andreas : When you said you had to make an intellectual leap it brought to mind another beautiful example of paradigm shifting and just stepping completely outside of the accepted norms and doing something so obviously weird and different that it shocks everyone, and it forces them to reconsider reality because it simply works. That’s the story of Dick Fosbury. Richard Fosbury is the athlete who was the first person to do the high jump with a backwards flip. Nobody had ever done it that way. Everybody would run up to the pole and, kind of, scissor their legs over it. That was the established way of doing it for decades – possibly even hundreds of years – who knows. He ran up and jumped backwards, and at first the reaction was that the judges tried to figure out if this was actually allowed.Can you do this? Is this part of the rules? Because he immediately set world records by doing this weird backwards flip. And they said, “Well, the pol is still there, it didn’t fall off.” It completely violated the existing paradigm – completely crazy and weird looking – and, of course, the next year everybody was doing it.

Jeffrey : That’s a great story.

Adam Levine : LTBCoin is the official community rewards program of the “Let’s Talk Bitcoin” network. You can earn LTBC by performing any number of thing you probably already do. If you listen to shows like “Let’s Talk Bitcoin” listen up for the magic word. When you hear it, visit http://www.letstalkbitcoin.com. Log in to your free account, and enter the magic words to claim your share of the listener rewards. Now it’s time for the ‘LTB News Flash”, brought to you by Cryptokit – the easiest, fastest Bitcoin wallet which installs right into your browser so it’s always ther when you need it.

Here are the headlines for August 9th, 2014 : Lake Tahoe Property sells for 1.6 million Bitcoin. Bitcoin momentum growing in emerging markets. Hacker swipes $83,000 from Bitcoin mining pool. The Bitcoin derivative boom could be a mark of the cryptocurrency’s coming of age. [Huboy?] bets big on multisig with quick wallet acquisition. Bitcoin Foundation seeks more time to address virtual currency rules. Hungary’s 200 volt now accepts Bitcoin for laptops, tablets, t.v.s and more. Check it out at cryptokit.com.

Today’s first sponsor, with a high water mark of 81,250 LTBC is “Storj.io”. Here’s what they have to say about the project :

Commercial Announcer : Imagine if the cloud wasn’t up here, but down here, with us. That’s storj. Storj is a cloud shared by the community. It is potentially the largest, cheapest and most secure cloud available. What you share is what you get. You can even be paid for renting your extra space. But how is it more secure? Each file is shredded, encrypted and spread across the network until you are ready to use it again. You can be sure the files are safe because the keys are in your pocket, not a company’s. Only you have access to your stuff. Because the network is shared you don’t have to worry about slowed download seeds coming from one place. We’re all helping make the system blazing fast. And if you have some extra space lying around, you’ll get paid by users who need more than they can share. It’s like renting out your empty hard drives. A cloud with security, no downtime and sopeed at a fraction of the cost.

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It’s time for the magic word. Today’s magic word, for episode 134, is “liberty”. That’s L-I-B-E-R-T-Y. You’ve got until the 13th of August to visit Letstalkbitcoin.com and enter the magic word for your share of the LTBC audience rewards.

So, today’s second sponsor is a little bit different. With 62,000 LTBC, community member [Seen mason?] asked that we use his time to talk a little about the situation in Gaza. His perspective is this : Between 1947 and 1949, seven to eight thousand non-Jews were expelled from their family lands in Isreal and hundreds of villages were destroyed. Those people were kept under occupation without rights or a state for 47 years. Muslims, Christians and others within Isreal can’t rent or purchase land in about 80% of the country, and are basically second-class citizens by law. While, on the other hand, any Jewish person born anywhere in the world may gain Israeli citizenship and take the land of a non-Jew.

And with that, I’ve pissed off about half of our audience. Just kidding. Thanks to C. Mason for his perspective. My mind is very one-track.I tend to focus on things I can positively impact. Mostly this just seems like there is no winning scenario. It’s not about the people, it’s about the politics of control – which is probably a whole show unto itself. And certainly just because one side of the story has terrible stories doesn’t mean that it’s not just as true on the other. And that’s the thing, I guess. It’s just not about you or I at all. In the Middle East – just like everywhere else – our leaders make bad decisions just because it’s the best – as they see it – of the available options. Is it good for anyone really? No. But that’s not the world that we live in – yet. So that’s it. Back to the show.

Adam Levine : So Andreas, a little bit earlier you mentioned patent clerk, Newtonian physics. Intellectual property really has been – for hundreds of years now – kind of a core part of how people both monetize and protect. And it’s been interesting watching disruptive technologies – specifically cryptocurrency, which isn’t really governed by patents, and can’t really be controlled by patents – and on the other hand you have things liike 3D printing, that made a lot of progress over a couple of years, but that was only because some 20-year-old patents had expired and now these parts were able to be made by just anybody who wanted to make them as opposed to the one manufacturing conglomerate that had the legal right to be able to do it before that point.

So, Jeffrey, I’m curious, where do you think intellectual property controls can fit within a Bitcoin framework, and what impact would it have had if the situation had been different in the cryptocurrency space.

Jeffrey Tucker : So my own feeling on intellectual property is that it is basically an artificial thing that can only exist in an age of the nation-state, and that’s governed by the physical world threats of monopolistic elites who control the world through compulsion and coersion. That’s fundamentally at odds with what the digital age is all about : about malleability, reproducability, immoirtality and distributed networks. The idea of some elites gathering together to allocate who owns what in the realm of ideas is incompatible with this. Seriously, I’ve done a lot of work on the history of intellectual property – the ideological structure surrounding it. It wasn’t really until after the beginning of the 21st century that we saw hardcore, really serious attacks on the idea of IP – and it’s because digital networks really broke the system down. We saw some opposition to IP even as early as the beginnings of the industrial revolution, but nothing really substantial and serious until the digital age. Basically, I think the system is broken down and isn’t going to last, and it is very interesting to me to see how large corporations are starting to realize this and stop putting so much energy and time into enforcing their patents and copyrights – and starting to use the new networks of open source cooperation and the sharing economy to their advantage.

Andreas : Here, here. That’s a great commentary. Intellectual property is an artificial construct for monopolizing ideas and creating cartels around abstract concepts. The basic problem is that no one really has an original thought that they’ve conceived completely by themselves without anybody else being involved. Innovation is simply expending a culture of four-and-a-half million years one millimeter forward by combining all of the existing inputs and producing something slightly different – something that probably a few thousand other people have probably done somewhere else. The idea that you can take that and create a monopoly around that – while originally envisioned as a way to reward creators – has ended up creating these islands of stagnant creativity and isolation by removing things from the culture. The age-old compact – the social compact, that is even encoded in the U.S. Constitition, which is that “Congress can secure rights for creators in order to promote the arts and sciences.”. This idea that these patents and copyrights are of limited time – so that you take from the cultural Zeitgeist, you enhance it or advance it a tiny bit, you get a short-term reward, and then you give it back to the public domain so that others can build upon it. That compact then got perverted. Starting with the Disney company, who as soon as they saw their Mickey copyright runnning out, went ot Congress and got it extended 73 times – until copyright essentially became infinite, instead of limited in time, They were quite happy to take “The Brother’s Grim” and every other cultural story, appropriate it for their own needs, and then give nothing back to the popular culture. Take all of the stories of our ancestors, turn them into copyright material, and then give nothing back by perverting the copyright law. We’ve seen this happen across the board in intellectual property. Well, open source breaks that cycle. It recognizes that collaboration and creation moves faster, and innovation with collaboration moves faster – and if you give back to the community the community will give back to you again and again, and it creates this feedback loop of accelerated innovation. Whether it is Linux, or Wikipedia, or a thousand other things which have come from it – especially now with the introduction of the “Creative Commons” law and licenses. Those are amnazing things, and what they’re showing is that there is a much better way to do it.

Jeffrey : I heard something last night that really intrigued me, because I’ve tried to understand the best way to describe open source projects and what they mean. At the Bitcoin meetup last night somebody said that the great thing about open source technology is that it, sort of, takes away the obligation we all feel to constantly reinvent things – to constantly recreate, on our own, from scratch – all things. Always reinventing the wheel in a world of intellectual property, as you say, requires absolute originality. But open source programming – and open source everything – allows us to draw from the energies of others, and take what’s already been done and build on top of them. So you have this cumulating capital that grows over time. I was trying to thinkof a right analogy. It’s as if you had, sort of, one cake that is baked by the entire world, that is constantly getting ever better and ever more delicious, and the more people eat it there is ever more cake for ever more people. Rather than individual cakes by individuals constantly throughout history, you have one big cake that everybody is constantly making better and testing and bringing their own ideas to. I thought that was a really nice way to think about it,

Andreas : Yeah. The core fallacy at the heart of the concept of the intellectual property is the word “property”, because one of the absolute characteristics of property is that if you have property and I take that property, you no longer have that property. It is by definition singular, unique, unitary and not sharable. But if you have an idea, and I copy that idea, we both have that idea. And if I give it to ten more people, all twelve of us now have that idea – and we can all build on it. And you lost nothing from the fact that I have the idea. It’s not property, and it’s not property because it’s not tangible, it’s not destroyable. It’s infinitely copyable. If you have invented something and I copy that, then really what we are doing is doubling the rate of invention. Because – at the end of the day – you didn’t really invent something, you just expanded on thousands of years of culture. Your addition is standing on the shoulders of giants, and really hasn’t raised the bar that much.

Jeffrey : The whole idea od property in the first place – as you said – comes about because of the existence of scarcity. It’s a social construct we invented to stop conflicts, to deal with the problem of rivalrous control over the physical world. Once you migrate to the digital world you get simultaneous consumption of all things – with no depreciation of the original object – property is no longer necessary. It becomes just an absurdity. You know, it is important to remember that in history people have had mistaken views of propert over all sorts of things. For example, in the 18th century, and up until the early part of the 19th century – people thought that slaves were legitate forms of property, In fact, there is a 5th Amendment to the Constitution that was put in there to protect property rights over other people [chuckle], you know? Now we recognize that was just a mistake. So in the 21st century we’re gradually realizing that this is also a mistake to apply the term “property” to the realm of ideas?

Adam : But was it always a mistake? Because the arguments I hear both of you making basically revolve around, “Now we have digital things.” But that wasn’t true even 30 or 40 years ago. So 200 years ago, when intellectual property was getting started inthis country – in the United States – I have it in my head that it might actually have served a purpose, because the inventor was at the mercy of a manufacturing partner that might take years and might actually kick them out of the business because the inventor doesn’t control – or have any claim to – the very centralized and capital-intensive means of production. So Lincoln had a quote that I like. He said, “Patents added the fuel of interest to the fire of innovations.” I wonder, did they ever serve a purpose in your eyes, Jeffrey?

Jeffrey : No, I don’t think so, and I think what we need to do is totally revise intellectual history. There origin of the steam engine was a similar kind of problem. I mean, it was a great innovation, but it got locked down by oatents and nothing happened of any value for another 10 or 20 years, because everybody was, sort of, prohibited by law from adding to it. It was very interesting what happened with even things like the cotton gin. Who’s that guy – Eli Witley – supposedly invented it, but he didn’t invent it, he improved it slightly and got a patent on it and then went around spending the next 20 years cracking skulls to prevent innovation, He finally learned his lesson after he bankrupted himself spending so much money on patent lawsuits. It’s the same thing with the Wright Brothers. They came up with pretty cool little onnovation that gave them the title of being the first in flight, and then they spent the rest of their whole lives enforcing the patents. Meanwhile, all of the other countries in the world actually improved airline technology. By the time World War I came along the U.S. had the worst airplanes in the world, because we had the tightest patent controls [laughter].Yeah, I don’t think that patents have ever served any kind of purpose, and we really need to revise our intellectual history.

Adam, you said something very interesting about how maybe intellectual property is not really relevant in the digital age, but it might have had relevance before. But I really feel like we should have known that IP was not a good idea, even dating all the way back to the Gutenberg bible. When the Gutenberg bible came along, of course there was no IP over the psalms and the other texts that were being printed. But there was a confusion, because people associated the ideas on the page with the physical property of the page itself. We couldn’t really conceptualize the fact that these were really difference products. I mean, the ideas in the book are part of the non-scarce realm, the book itself is part of the scarce realm, and so we have this merging of these two things – one non-scarce and one scarce – and one beautiful thing called a “book”. But it took us a long time to realize that we are dealing always with two realms – one scarce and one non-scarce. We just didn’t know it – fully and completely – until the last few years.

Adam : So Bitcoin emerged as a very hobbiest sort of thing. It was very, very amateur, very experimental – “Let’s see what we can accomplish. We’re doing this because it’s neat that we can do this.” And I recently read a book called “The Master Switch” by Tim Woo, and in that he tells a bunch of different stories of information empires as they succeed and then fail. One of the stories he tells is about AM radio and FM radio. AM radio strikes me very similarly to how Bitcoin emerged, and FM radio seems like maybe after these recent discussion about these rules that are being made in New York. Maybe that’s the situation that everything that comes after will fall under. So I’m curious, do you know this story?

Jeffrey : I’m not aware about it.

Andreas : It’s been a while since I read Tim Woo’s book, so maybe you can remind me while we explain it to our listeners.

Adam : It’s a fairly lengthy thing, but the ideais that, in the early days, a kid who wanted to set up a radio station could set up a radio station with one of these little crystal radio things, and it was a hobbiest thing that people did because it was fun. You could set up a broadcast and you could listen to things, and this was very new at the time. Basically, it took like forty years to develop, but by that point it had developed into quite a successful industry, and there were a variety of monopolies, actually. Because at the time the only way you could get a station from somewhere non-locally was to use AT&T’s long distance lines. That actually was one of the reasons why FM radio was kind of suppressed, because FM radio came along and it esssentially made it so that ranges and power requirements were such that, before, it was unfeasible with AM radio to do re-broadcast stations – where you broadcast from one hill and then it is re-broadcast from another hill. The range was too short and the power requirements were too great. But when FM radio came along, it essentially made it so that anybody who wanted to do this could very cheaply set up these networks of stations and re-broadcasters, and that was one of several reasons why the FM radio paradigm – which it actually invented the FM radio technology and funded the research to do it – then sat on the technology. So the FCC came along and said, “In order to maintain the standard you can use much less power than you could with an equivalent AM station, so that it will only give you an AM equivalent broadcast distance.”. I’m rambling, and doing a kind of terrible job with this, but it seems like sometimes – especially in the last hundred years – these are used as weapons to suppress technologies.

Andreas : Not sometimes, Adam. Every single time, in every disruptive technology, the existing industries have used every weapon at their disposal to fight for incumbency and to prevent disruption. Which is, of course, the normal reaction. which then tells you what regulation does. Regulation starts off – at least presumably, or presented as – consumer protection, and it very quickly becomes a way to distinguish incumbents and to protect them from competition. Because they become adept at navigating the regulation, they co-opt the regulators, and then as soon as disruption happens they turn the regulation around and point it as a big weapon against the disruptors. That has happened in every industry. It’s happening today in every industry.

Jeffrey : In the end they never succeed. That’s what’s amusing. History progresses in any case, it’s just that the regulators can slow us down, but that can’t ultimately stop it – which makes it just a vast waste. I feel this way about a lot of these Bitcoin regulations that are coming out. It’s going to make the sector function less well, it’s going to make it less competitive, there’s going to be less focus on the consumer and more focus on compliance. But im the end, fifty years from now, none of these regulations that they’re trying to pass right now are going to have any relevance for whether – and to what extent – Bitcoin adoption is going to take place. Bitcoin is going to take its own course eventually. It’s just a matter of how many victims you want to create in the meantime. That’s what it’s all about.

Adam : Well, in New York, for example – again, we’re talking about proposed rules here just real briefly – that essentially say that you have the same compliance requirements if you do anything with Bitcoin – and users that have some basis in New York – as you would if, basically, you were a minor bank. The reporting requirements are very stringent, and it basically makes it so that with the current way that cryptocurrency is, it’s kind of incompatible to be complaint and to not create and entirely new cryptocurrency. So, I’ve been wondering about that. I mean, it’s kind of easy to create a new cryptocurrency, so if New York wants to go along with this type of means, doesn’t it make sense to actually either – maybe not them, nut somebody else does it – but create a cryptocurrency that actually complies with all of these requirements that they want. That has the real name currency attached, and that doesn’t require you to Jerry-rig it, rather than using Bitcoin where – yeah, you can use it, but you’re throwing out all of the advantages that came with it, so why bother?

Andreas : I think that’s mistaking a feature for a bug. The fact that Bitcoin is incompatible with these regulations, that’s not a bug in Bitcoin. That’s a feature. That’s one of the best features in Bitcoin. It’s incompatible with these regulations because those regulations themselves express the existing paradigm, and that is exactly what Bitcoin is disrupting.

Adam : But I’m going to call you on this, Andreas, because Bitcoin is neutral. So, at the same time, you’re kind of putting an ideology onto it. So, that’s what I’m saying —

Andreas : No. I’m not —

Adam : Bitcoin has the ideology baked into it. Can you twist that ideology and create something else that’s very similar but that doesn’t have that exact thing.

Andreas : No. What I’m saying is that Bitcoin is neutral, but Bitcoin is neutral in a way that violates the tenets of a very “not neutral” regulatory system that assumes that the best way to achieve consumer protection is to have all of the personal identifiable information of consumers given to several agencies with lax controls – so they can lord over it and supposedly stop “bad guys”. And what that does is actually destroys consumer protection. Privacy is consumer protection. The idea that by giving all of your private information you will be protected as a consumer is perverse. And the fact that Bitcoin does not conform to that idea because it is neutral, because it allows consumers to interact without having to go through this perverse activity of giving up all of their personal information just to transact – that is not a bug in Bitcoin. That is the feature that makes sure that Bitcoin will not fit into these comfortable regulations, and it won’t fit into the comfortable regulations because the regulations themselves are perverse – the idea that consumer protection is ensured by taking all the private information of consumers. And when consumers have a choice, to choose how they want to be protected, they choose not to give out their personal information. That —

Adam : — But that is the point. —

Andreas : — It’s neutral. —

Adam : Yes, in reality, given the choice. But they don’t have a choice. If this happens, then the only legal uses for Bitcoin will be this type of use – where you are disclosing all of this information. So that’s what I’m saying, is that in the world we live in, if this happens is it better to keep using Bitcoin and still disclose all of that information because you’re going to have to anyways – if you’re in New York, and under the subject of all of this nonsense. Or is it better to create something that, kind of, bakes it in? More importantly, what about people who are not us – and who are not in this for the ideology of it – think?

Announcer (Adam B. Levine) : Thanks for listening to episode 134 of “Let’s Talk Bitcoin”. Content for today’s episode was provided by : Andreas M. Antonopolis, Jeffrey Tucker and Adam B. Levine. This episode was edited by Denise Levine and Adam B. Levine. Music for today’s show was provided by Jared Rubin of “Security Beats” and General Fuzz. If you’re a developer, you might be interested in our upcoming “Coins For Commits” program. As the platform goes open source in the coming weeks we want as much help as possible, and you’ll earn LTBC for your commits. If you have any questions, send an email to adam@letstalkbitcoin.com and I’ll help you find the right person to speak to.

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Feel free to donate some Bitcoin to support the research and writing effort of this blog.

Donate some Bitcoin to support the research and writing effort of this blog.

Free Transcript Project : #5

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Source video
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Title : “15 Minutes Of Fact : Want to Transform the Economy? Start by Transforming Your Thinking?”

URL : http://youtu.be/TLio1YWOkzY

Organization         : 15 Minutes of Fact podcast :
Web Site                 : http://writtenoffamerica.com/
Host                        : Jerry Ashton
Contact                  : jerryashton1@gmail.com

Guest                      : Zeus Yiamouyiannis

Web Sites                 :
http://citizenzeus.com/
http://www.transformingeconomy.com

Contact                   : LinkedIn Profile , Email : zeus@citizenzeus.com

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Transcript
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Jerry Ashton : We’ve had some interesting guests on “15 Minutes of Fact” over time, and explored some compelling topics. When it comes to the intricacies of economic theory and abstract financial systems, however, I get a bit nervous. Even my bravest listeners are brightfully weary, even though they know that they will be subjected to no more than 15 minutes on one subject – hence, “15 Minutes of Fact”. So, I don’t propose that we’re going to lose even one member of our audience today with our audience with our guest Zeus Yiamouyiannis. Is that the correct pronunciation, Zeus?

Zeus Yiamouyiannis :  Yiamouyiannis.

Jerry Ashton : Yiamouyiannis. Thank you so much. He is reached by way of Skype at his home in the Philippines.Here’s why you’ll be interested. Somehow Zeus is able to deliver – in understandable English – clear answers to today’s economic train wreck. He magically reduces the complexity of trillions of dollars of currency, trade and debt, and reduces things down to simple accounting – almost the type of thing you’d be able to do at your kitchen table, but not quite. Because he is a PhD, after all, he’s an economics blogger, a futurist, and author of the newly published book “Transforming Economy : From Corrupted Capitalism to Connected Communities”. He writes for zerohedgefund.com and oftwominds.com – two top alternative economic web sites – and is considered a performance educator in the way that he delivers information that informs as well as excites. Let’s see if he can make that happen on the show today. Welcome to “15 Minutes of Fact”, Zeus.

Zeus : Thank you so much for having me Jerry.

Jerry : Well, it’s a pleasure.So let me start out with that rather slippery word that you seem to use when you talk about the work that you do in economics – and that’s “transform”. Now, is this a use of semantics to get past everyone’s natural disinclination to accept change?

Zeus : Well, I think there are a couple of issues when you use a word like “transformation”. The first is the notion of resistance to change. I address this specifically in my book. I mean, many people are under the delusion that you can choose not to change. We’re in an era – as I said in my book – that things cannot go on as before. We know we will change. The only issues are, “Will change be done to us, or will it proceed from us?” So I think at this point the only thing that you would be doing is essentially using your perception to avoid reality that is already upon us. The second is also important, and that is romanticized notions of change that sort of substitute ineffective replacements – a kind of “new age fantastic thinking” that if we just hold hands together enough, or there’s a technological solution that’s going to come out of the woodwork and save us all –

Jerry : Wait…. wait,… wait. You’re telling me that “Kumbaya” and Google is not going to save us in this particular world we’re living in?

Zeus : Not without human consciousness and decision to let that change and transformation in consciousness work. And that’s what I really advocate for, and work with others to provide. I mean, there’s a necessity of change, there’s a reality of change , and then there’s the opportunity for change. I’m excited by that notion, and I think we could get more people on board if we show that change can be an exciting and purposeful and deep way to live.

Jerry : Well, let’s get to the subject at hand – the economic disaster that we’re calling the “Great Recession”. I’ve read through some of your earlier works and two stand out for me. One is called “Five Courageous Steps” – I like it when people give me numbers and quantities to work with. The other is called “Ten Shocking Practices”. Now, are they part of your just-released books? Or are they precursors? Tell us about them?

Zeus : Well, they’re both companion pieces to the book. The first one “Five Courageous Steps to Transform Your Economy” really is about what you can personally do to, sort of, see through the haze provided by our current economic situation. It’s actually available to your audience for free – if they just go to transformingeconomy.com and sign up for the newsletter, or email list signup – they will get a free copy mailed to them through their email. That’s, again, more focused on how you can translate some of the broader principles I have in my book to actual personal practices. The second, “Ten Shocking Practices in the U.S. and Global Economy” are really a “greatest hits list” of some of the most outrageous things happening in the economy – and then some follow up questions to stimulate discussion. It’s meant to be a companion piece to my book, and if people do get it – for the first people doing this, especially activists – I’m writing out a personal email and sending that along regardless of whether you buy just one book or more.

Jerry : Well, I want the listener to know that there are some really excellent, shocking items there that we’re aware of, but not aware of how really horrendous they are. Can you name three of them for us?

Zeus : Well, my greatest hit is “fraudclosure”. I’m astounded that two things happened with “fraudclosure”. One, there were hundreds of thousands – maybe millions – of forged documents, that are clearly – I mean, there’s no dispute that they were forged. People have admitted that they were forged. Basically, there was an electronic system set up to do an end run around filing requirements, for property.

Jerry : Oh you’re talking about the famous “robo-signing” and things like that.

Zeus : “Robo-signing”, and there was nothing done about that. There was no real prosecution. There was not even really any investigation. What I found when I did research is that this $25 billion Attorney’s General solution ended up being – most of it, only about $8.5 billion was supposed to be in cash – that was never really done. Only $1.5 billion was spent on consultants. And I found out as recently as January of this year not a single dime has really been spent on a homeowner. So it’s really a big, huge smokescreen. Money is the whole chain of private property, which is supposed to be the bedrock of economy in terms of who owns what, and what an asset really is – and nothing has been done about it. It’s been swept completely under the rug.

Jerry : Which, of course, leads me to my next statement of dismay, and that is one of the unquenched calls of anger regarding the recession is that the culprits – the big banks, their thieving executives – have not been held accountable for what are clearly financial crimes. Now, nobody else has answered it. Why is that?

Zeus : Well, there are two parts to that that I can see in writing this book. The first is simply this. It is obvious that the people who are working on enforcement have been members of these banks that are not being investigated – as it turns out – and they are trying to protect their own former turf and relationships. They cannot separate their own lives and what they consider to be of benefit to themselves personally, and their official duties. That’s the first part – the more obvious. The other one is really sneaky – and incredibly condescending – and that is this notion that we have to excuse high crimes to prevent the suffering of the “little guy”. If these firms collapse, how many people will be thrown out of work? Lenny Brewer , who was part of the criminal division of the Department of Justice, resigned after a “Frontline” piece in which he said, “If we indited them, the company might fail.” It’s like, “Really! A criminal company might fail if you indict them.”

Jerry : The people I want to see thrown out on the streets are exactly the people you are talking about.

Zeus : Exactly. The main point is this. There can be no market without accountability, and in the present system there really isn’t accountability. This is what I want to say to them, “You’re trying to protect what? The market? Well, if you’re trying to protect the market you need accountability, which means you need to prosecute people who do crimes.”

Jerry : Well, that brings up the larger picture of debt. Something that seems to afflict everyone but the famed 1%. Some people say that we should simply walk away from debt as individuals, and even as a country. Now, are these debts so toxic that they cannot be converted into something that is usable? What is your opinion about this?

Zeus : Well, many of them are. The entire derivatives market, and the debt that was created out of them – something like a trillion dollars of so-called “toxic derivatives” were bought up by the Federal Reserve – are nothing but junk. They were constructed vehicles that referred to, basically, fantasy assets and collateral – and had no real purpose, except to generate fees and cash flow from nothing.

Jerry : And bonuses. Don’t forget the bonuses.

Zeus : Absolutely. Wall Street rewarded themselves – after they collapsed the world economy – with a near-record $144 billion in compensation. And they do that by basically extending counterfeit value in the form of these constructed, “fantastic” – not fantastic meaning, like, pure fantasy – economic vehicles that are not backed by anything. They just simply refer to assets, and then they make off with the transaction fees and bonuses on false paper profits. So this gets at the core of debt as asset. Debts have been considered assets, and this is a very twisted notion. And they certainly aren’t assets if people start defaulting on them. Debts require ability to pay, and because that has been forgotten we now have a situation where these so-called “toxic assets” and “toxic debts” really are junk. I advocate, in two chapters in this book, not only debt forgiveness but also finding ways to administer debt forgiveness. Because when you have something built on fraud – I mean, one of the titles is “Endgame : When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy”. So we don’t expect a person to pay for a crime. If they are extended money in a fraudulent way, why should they have to pay it back? Now there is intricacies in how to deal with that, but we really should get –

Jerry : Well, I was listening to an interview you had done with Max Keiser on his show “On The Edge”, and I was struck by two things. First, the show was all about – and this was two year ago. As a matter-of-fact it was on September 17th, 2011. It was all about the Wall Street meltdown, and coincidentally enough on September 17th that’s the exact day that Occupy took over Zuccati Park. Is this something coincidental, or something you just pulled together yourself?

Zeus : Hahaha! I would call it auspicious – a meeting of the minds. What it is showing is that voice is a way to coordinate and pop-out in ways that we don’t expect. And it gives me real hope, because voice is the start of action. Real people need real food, water, clothing and shelter. They can’t go on extend and pretend. Finally, especially with Occupy Wall Street, people are finally saying, “And we need real accountability.” They’re starting to come out, and we’re finding that one of our basic needs – which people have forgotten about – is our need for community, and our need for voice. So to me I see it as a universal upsurge, and an auspicious coming together of people who care.

Jerry : Well, how could your book be of value to Occupiers and activists – not even considering the mainstream “Mom and Pop” out there, who haven’t given it a lot of thought, except a lot of their pain and blood, sweat and tears to surviving. How can your book possibly help in the face of the implacable and resolute enemies that we have both in the government and in banking. How would you, for example. counsel students with their staggering debts?

Zeus : Well, first of all, I would simply say, “Get active, creative, imaginative and organized.” One of the best ways to do this is to “stop feeding the beast” – that’s one of my steps in the “Five Courageous Steps To Transform Your Economy”, and there are specific ways to do that in the book. I think the most important thing about that is to start taking leadership, not to be reactive to the current system. To take as much energy away from it as you can, identify toxic practices – which I do in my book – and then take as much of your time and money away from that system as possible and use your leadership to organize and create the creative alternative. The last chapter in my book is called “Youth of the World Unite : How the Younger Generation Can Lead the Way To A New Frontier”. There is so much talent and ability there, and so much responsibility and liability being dumped on young people. I think they just need to go ahead and face that. Organize together and find ways to be really resourceful, and pull themselves out of that – essentially “death spiral” that former generations have provided for them – and develop their own leadership going forward. There are specific ways to do that.

Jerry : Okay. So what would it look like if we actually had an economy and a society built around the things that matter most to us. What would those things be, and what would that world look like?

Zeus : Basically my book is about going toward a democratic capitalism. We’ve never had it, but basically it is money serving people – not the other way around – people serving money. It also involves – because we have a sustainability issue – us really going from a more material to a non-material basis for our purpose of living. That is already kind of happening. We want to move from a : taking, exploiting and consuming society to a creating, giving and sharing society. Now that’s not kumbaya. That tag line that I like to use sometimes, that I’ve created is that, “I am a more fulfilled me by a more effective we.” If we can begin to develop that notion – and it is already coming up for the younger generations who not only believe that but experience that as a quality of life for them – then we can begin to turn the tide.

Jerry : Well, I can’t think of a better note on which to conclude our “15 Minutes of Fact” today Zeus. So allow me to ask you to give our audience some contact information on you and your book so that they may reach out to you directly. Now I know your email address is zeus@citizenzeus.com – and that’s your website as well. You’re also on LinkedIn and I notice that you’re also on Facebook. How else can people reach you and how can they find this book?

Zeus : Just type in : http://www.transformingeconomy.com . That will bring up the main page with email signup where you can get the “Five Courageous Steps To Transform Your Economy”. There’s a book link there where you can click on “Get The Book” where you can actually pick up the book. And I’m trying to develop community forums and so forth – but that is more in the works. You can also get at my main site – just having to do with transformation – and that is http://www.citizenzeus.com. It really focuses on transformation in economics, education and spirituality. So if you have interest in those areas go to http://www.citizenzeus.com and you’ll see some of my past essays there are well. So those are the two main resources I would point people to, and again you can contact me anytime at zeus@citizenzeus.com.

Jerry : Well Zeus, I can’t thank you enough for the time you have shared with us. You are living up to your reputation. I didn’t fallen asleep once. [laughter]. I hope that will also be true of the audience. That’s a good start – not falling asleep – I actually think you’ve activated me. I think that just might be happening. So, once again, this is Jerry Ashton with “15 Minutes of Fact”, searching out people with interesting ways of dealing with what we call “The Great Recession” – different and more likely fruitful ways in which to be able to build a stronger “we” so that you can become stronger yourself.

You can find me, of course, at Huffington Post – where I blog – my web site : http://www.writtenoffamerica.com, on Twitter as @WrittenOffUSA, and on LinkedIn.

Jerry Ashton signing off for “15 Minutes of Fact”

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Feel free to donate some Bitcoin to support the research and writing effort of this blog.

Donate some Bitcoin to support the research and writing effort of this blog.

Day 12 : Pacing Is The Key To Success For The Freelance Transcriptionist

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Feel Free to Choose A Sub-Section of this Post
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1. Random Thoughts on Transcription and Non-Transcription Related Issues
2. Daily Progress – Research Findings, Tasks and Skills Development

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Random Thoughts on Transcription and Non-Transcription Related Issues

Let’s face it, folks – we are drowning in a sea of information these days, and it is becoming increasingly difficult to keep up with it all and attain some sort of balance of intake, processing and utilization. Entire books have now been written arguing that “mental illnesses” such as Attention Deficit Disorder (ADD) are more the result of the inability of our brains to adjust to the barrage of incoming data than the biochemical abnormalities which have been discovered through research so far :

ADHD: Is Our Information Culture The Cause?
http://huff.to/1ykiCOV

As research in the scientific field of epigenetics discovers increasing evidence that the environment plays a very significant role in biological processes as fundamental as the effect of stress in altering DNA and transmitting those alterations to future generations, it is becoming ever more important to account for, and manage, the various environment factors which effect us in our daily lives. The amount, kind, and quality of information we consume, the “downtime” we allow for our bodies and minds to rest and digest that information, and the strategies by which we maximize our assimilation of information are becoming crucial issue for survival in the digital age. Just as building cardiovascular and muscular/strength via exercise requires a proper balance of rest and exertion, so too does the building and maintenance of our mental processes. Overloading the neural circuits with information is equivalent to running well beyond your distance/speed limits, or lifting weights which are too heavy for your muscular-skeletal system to handle.

Two of the most important and effective remedies to this problem are : organization and pacing.

Through the process of organization you are able to break down the mass of incoming information into manageable units, and then through pacing you create an ideal pace of intake/processing of that information so that you assimilate and utilize the maximum amount of it.

In the excellent book “The Overflowing Brain – Information Overload and the Limits of Working Memory” neuroscientist Trokel Klinberg examines in great detail the nature and limits of working memory. Like the RAM of a computer, the working memory is the neurochemical entity which holds information temporarily before selective bits are integrated into the long term storage memory. Just like in a computer, if the RAM memory is not large enough the computer can freeze up if the user forces too much information to be processed relative to the RAM capacity. This will take the form of a web browser crashing if you have too many tabs open simultaneously, or a digital imaging program seizing if you initiate too many processes in a short period of time. In the same way, our working memory malfunctions when we overload it. The human brain’s equivalent t the computer is a decrease (to the ultimate point of virtual inability) to process additional information, or a decrease in concentration/attention when the information processesing capacity threshold is exceeded. This is known as “information overload”, and it is a growing epidemic in the modern digital age, with research showing that the general limit of attention span in people is decreasing.

So, since this major issue of information overload is becoming a growing concern for people in general, it would only make sense that for those of us who work with information on a daily basis it is even more important to implement effective strategies to control the amount of information exposure and rate of processing that information in order to achieve adequate mental balance and minimize mental stress – which is, of course, directly connected to physical stress – as mental processes are biochemical in nature, just as all other bodily processes. A clear example of this connection between the mental physical bodies relates to nutrition. The brain – like every other organ in the body -runs on the nutrients we consume. In fact, the brain has an very high metabolic rate relative to all other organs, and so an inadequate intake of nutrients to balance mental exertion results in all sorts of dysfunction and inadequate function. Ranging from diminished attention span, cognitive deficits, anxiety, depression, and the most extreme symptoms of psychosis in severe cases of sleep deprivation (or even extreme mental overexertion) it is clear that proper control of mental exertion, along with adequate rest and nutrition is a serious health concern.

Incidentally, one of the most important forms of nutrient for the brain is dietary fat (lipids) – especially the fatty acids such as Omega-3 and Omega-6,.  After all, the brain tissue itself is essential composed of lipids and cholesterol. Studies have found that general deficiencies in the various forms of dietary fat result in decreased cognitive ability, memory problems, mood instability, and various other issues which effect mental performance and overall health. In a more extreme case, a study was done with a prison population which found that dietary fatty acid supplementation decreased the level of inmate violence significantly. Other studies have found a significant therapeutic effect of coconut oil on Alzheimer’s disease symptoms. So, the next time you are feeling mentally fatigued try taking a few tablespoons of olive oil, or have a few eggs.

In order to not go too far off on a tangent, let me bring this discussion back to the issue of the two fundamental factors of organization and pacing as the main keys to success for online telework – whether that be transcription, editing, writing, data entry, etc. Proper pacing requires that you allow your brain the proper nutrients and rest periods so that it can process the information you have taken into it and build new neural connections (including memory) in response to this input. The brain can’t do that if it is being overworked, not given enough downtime (in the form of rest, sleep, or even relaxing recreational activity) and/or if the proper nutrients – which are the materials which actually build the neural connections) are not consumed in proper amounts.

You could argue that the most logical method to create the proper strategy of organization and pacing would be to start developing the organization part first. It would be possible to do this, but I would argue that by first assessing your pacing needs, you will have a better idea of the limits and needs of your mind and body, and can thus build a more appropriate organizational structure around that. For instance, if you are a person who suffers from some degree of insomnia it will be difficult to create a more highly structured organizational plan if your sleep schedule is erratic. It will be difficult for you to stick to that strict routine. I can attest to this first hand, as I suffer from severe chronic insomnia – and trust me – it is something which MUST be accounted for in your organization plan.

So, once you have assessed your pacing needs you can begin to assess the sources and amount of information which is available for you to use to expand your knowledge of the transcription industry, job skills and tools and people/organizations to potentially connect with to further your efforts. For instance, your pacing assessment will give you an idea of how much time per day you can dedicate to taking in new information and experimenting with and practicing the new skills you have gained through your research. You should break the total time down into the two major categories of “research” and “skills implementation”. You can also add a third category such as “free experimentation”, where you will basically just browse through various resources in a more relaxed, unstructured manner (for example. you may enter a new transcription-related search term into a search engine and just follow the results wherever they lead). This adds a more fun, experimental component to the research, but is also important because it is very likely to produce some valuable new information and resources that you can then integrate into your more structured research. For instance, I often enter new terms (especially transcription-related products and software) into the YouTube search engine and discover some very informative videos which open a new avenue to research (and skills expansion) into my overall development process. One such extremely valuable software program I discovered in this way is the Evernote organization application. I will be writing an entire post about this amazing piece of software genius in a future post, but for now here is a great YouTube channel by mentor Evernote Scott . A great video to start with is the Evernote Tips : The 11 Amazing Features episode. In fact, Evernote is one of the most productive programs to use for developing your organization plan, in addition to collecting, storing, managing and processing all of the your research notes and content. The best thing is that the software is free, and the freeware version offers more than enough functionality to perform the tasks required to design and manage your organization strategy.

So we now have a general idea of the fundamental factors to help minimize information overload and maximize your research effort. It is recommended to assess your mental and physical needs in order to decide on a rough estimate of the amount of time you can dedicate to your research, skills practice and experimentation tasks. Once you have an idea of how much time and energy you can dedicate to the research you can then begin to physically (or more likely virtually) write up a more concrete plan to organize your daily efforts.

In the next section we will look at the implementation of this process in a more concrete example of my actual strategy development.

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Daily Progress – Research Findings, Tasks and Skills Development

In line with the discussion of my research and skills development strategy in the first section of this post, as I continue exploring and working in the online transcription industry, the reality is that the amount of information available (from numerous resources, in different formats and covering different topics and aspects of the multi-faceted and extensive field) can easily become overwhelming. Therefore, I think it will be helpful to describe the strategy I have developed over the past weeks to organize and pace my efforts in order to make consistent and comfortable progress reaching the level of being able to make a living in online transcription and editing telework.

The sheer overload of information that I both need and want to consume to move things forward is quite overwhelming. Therefore, in line with the key concept of pacing I have begun writing up a daily strategy plan to help organize the effort and increase the retention of new information. This is quite easy to do, and I have used a simple Evernote note file titled “transcription career development organization plan”. In my specific case I have listed the handful of most urgent and valuable resources (ex. the TranscribeMe Style Guide, a few of the best transcription blogs I have discovered so far : TranscriptionWave blog  , TranscribeMe blog , and “General Transcription Work From Home” blog ,  in addition to the two best online transcription forums – Transcription Haven and Transcription Essentials. Since it is physically and mentally impossible to consume all of the information contained in these resources, or the numerous other valuable ones which I will encounter as I proceed or simply don’t have enough time to include in the daily research program, this is where pacing is most important.

The first essential thing to do after making a list of the most important and highest priority resources you have discovered is to decide how much time you can reasonably dedicate to consuming the information from those resources each day, as well as the daily time allotment for implementing the knowledge/skills obtained. Since one of the main (and ideal) goals I have mentioned is to maintain income from the transcription work while I continue the research and train myself, it is important to integrate practice/work time in with the research and study time. Through experience I have found that good strategy for this is to alternate between research and skills implementation. For instance, you can plan for an hour of research in the morning and the follow that up with an hour of implementation (perhaps with a nice break in between to rest your mind and eat something after spending an hour reading, watching videos or listening to audio). In addition, it is especially productive to do spend your research and implementation hours on similar subject matter. For instance, during your morning research reading through a style guide you may come across a specific issues, such as “the proper use of the comma”. You may follow that up by looking up the subject “comma usage” on an online grammar web site such as : http://www.grammarbook.com/punctuation/commas.asp . You could also follow up with some addition resources on comma usage and/or closely related topics to add some depth to your understanding. Then, during your following “implementation hour” you can pay more close attention to your use of commas when transcribing a file. Another example would be reading your one daily post on the TranscriptionWave  blog, such as : Tips To Help You Transcribe Quickly , and then take one of the tips (such as : “#3 : Work With Macros”, and follow up by reading the tutorial file in your transcription software which explains how to use macros, and then actually practice using at least one macro while you transcribe a file during your next implementation hour session. You can then practice an additional macro per day in the coming days to reinforce the skill until it becomes routine.

If there is a topic or skill which is a bit complicated, or you are just having trouble grasping for some reason, take some additional time during the next research session to research more deeply into it. Then also spend some more time practicing the new skill during your next implementation session.

During both sessions you should also keep a running note file. During implementation sessions you can jot down any thoughts, ideas, problems, questions, discoveries, etc. which you can then follow up on in the next research session. During the research session you can also jot down thoughts, ideas, problems and questions, in addition to additional resources (ex. links, new blogs/sites, videos, etc.) which you can then follow up on in future sessions. In my experience, it is best NOT to immediately follow new resources you discover. The reason for this is that it tends to throw off the focus and momentum of your research effort. Ideally, you want to create a daily routine of working through small parts of a resource (ex. one blog post per day) as this consistency enables you to build progressively over time. Suddenly introducing a new resource – which is often significantly different in style and uncertain in quality – can really throw off your momentum and focus. I have found it best to record the new resource in your running note and then take some time in the next research session to give the new resource a superficial browse (ex. look over the main blog post menu pages to see what kind of subjects the blog covers, and perhaps record the url of one or two interesting posts from the blog in your running note).  For recording urls for future research, the Evernote application is excellent since the program automatically converts urls you post in your note files into active links, and then you can simply click on the link in the note to open the page. Then over the next few days you can slowly evaluate the new research and decide whether it is worth starting to include some of it’s content in your daily research workload. This, of course, depends on how much time you have available during your research session. In other words, you want to ease into (and warm up to) new content. In this way, your organization plan is dynamic and constantly being evaluated and adjusted to fit your specific needs as they arise and change.  Sometimes you will discontinue working through a resource because you have found one of better quality or which fulfills new content needs which have arisen through your various efforts and unexpected developments and opportunities.

To give you a more concrete example of my current strategy, I am now allotting one hour per day to reading one blog post from each of the 2-3 selected blogs (mentioned earlier), browsing the main blog post pages for posts to read in the future, recording the urls of those selected blog posts in my running note, reading a few tutorial pages of the various software programs I am in the process of incorporating into the workflow, and reading through one or two pages of the TranscribeMe style guide to continue familiarizing myself with the company’s specific transcription requirements as I work on a few  of the short (roughly one minute) files each day. Of course, I also keep the style guide file open and refer to it as I am in the process of working on the transcription files, so as to most strongly reinforce my skills through practical experience. In addition, my internet browser is always on call to perform the common quick transcription research tasks (ex. looking up additional information on companies, people, and/or places mentioned in files I am transcribing,  quickly following up on interesting topics mentioned in transcription files, etc.).

To enhance productivity and efficiency significantly, I am using the excellent Evernote application to create and organize my notes and strategy plans,  collect all the resources I find (ex. web sites, blogs, videos, audio, photos, etc.) – as  Evernote enables you to collect all of these types of media right into your notes so you have access to every component of your research in one place. I am also using Evernote to develop and write the posts on this blog, as it allows me to do everything I need to work on the posts offline, and then I simply copy everything into WordPress to do all of the HTML, publishing and marketing stuff.

Okay. I realize that this is an extremely long (and perhaps a bit tedious) post, but I believe that the points and concepts I have discussed here are very important for laying a solid foundation for developing a productive strategy for building your knowledge and skills related to transcription (and any other form of telework), and doing so in a way which is healthy, maximally productive and efficient in enabling you to attain gainful and consistent transcription work.

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Feel free to donate some Bitcoin to support the research and writing effort of this blog.

Donate some Bitcoin to support the research and writing effort of this blog.

Transcription Powertool #1 : Wordweb Dictionary/Thesaurus

Wordweb Pro - English Dictionary Thesaurus screenshot

WordWeb Pro screenshot

I believe there is an old saying with something to the effect of  “the best things in life are simple”. Or is it “free”? Or both? A common example of such elegant simplicity is Einstein’s famous equation : E =mc2 (the “2” here is, of course, in superscript format). This simple equation has gone down in the history books as one of the most revolutionary creations of theoretical and applied physics which has had such a wide range of effects – from the development of nuclear weapons, to the concept of black holes, computers and other bizarre phenomenon in the universe.

As we move deeper into this new age of accelerating information creation and exchange it is only becoming ever more vital to find and apply SIMPLE tools and solutions to the numerous tasks and obstacles which we must deal with on an everyday basis. The good news is that as the amount of information increases SO TO does the power of computing, and so we find ourselves in a feedback situation in which the technology creates new problems, amplifies old problems, and provides the potential to also solve these issues.

So, you can imaging how pleased I was as a writer, researcher, transcriptionist/editor, web designer and offline/online marketer (that is, a person whose main work in life revolves around words), to come across a funky, yet amazingly powerful little program which is extremely simple to use, and aids you in dealing with most of the common, significant issues you face in relation to the creation, manipulation, and transmission of words in all of the various applications in which words are a vehicle of exchange.

The program is called Wordweb, a comprehensive, multipurpose English language dictionary and thesaurus application whose features range from one-click look up of words, synonym and antonym word web, audio word pronunciation (in numerous accents), extendable dictionaries and so much more. As space in this post is limited, and since the Wordweb web site describes all of the features in detail, and since the software is free, quick to install and use, etc. I think the best thing to do is advise you refer to their site for more information. I also suggest you take a minute to download the free version of program (the licensing agreement basically states that if you are not wealthy enough to afford more than one round-trip international plane flight per year then you are free to use the full features of the software). I used the free version of the program for five years, until recently when I decided that I wanted access to some of the more advanced features which come with the registered Wordweb Pro version. I will say that this was one of the best $19.00 I’ve spent on business tools in a while). As with most other software programs (especially freeware) I recommend using the free version for a while to get a feel for it, experiment with the features as you read through the help tutorials and do apply the application to your word work. I assure you that this program will make immediate and significant improvements in your entire work process, and thus free up some of your energy to focus on the more creative aspects of your job.

The most practical and frequently-used feature of Wordweb is the one click “word look-up” function which works in essentially ANY program – both offline and online – that displays words. Some examples include : word processors, transcription software, web sites user interfaces of most programs, etc. Basically, any word can be looked up in the Wordweb dictionary by simply clicking [CTRL + right click], and then displayed with as many definitions are in the database (and you can extend the database with various dictionary upgrades) and numerous other helpful information for dealing with the word (ex. list of synonyms, audio pronunciation from within the program by simply clicking a speaker icon, links to the word in various online dictionaries and other sources, and many more very useful processes dealing with the meaning and use of words in their wide range of applications.

To illustrate the immediate usefulness of the program – if you have installed it and have it running – go ahead and take a second to [CTRL + (right click)] any word in this post and then click around from the definition page to explore the various additional information which is provided by the program related to that word. Since the function of this blog is to introduce budding transcriptionists to the skills and tools of the trade, I will detail some of the features which will be most helpful and quickly applicable, and then let you play around with it as you explore the web site, tutorials, and other resources to become more proficient in using the application. Once you see how easy it is to use, and how helpful in minimizing the effort of the most routine tasks you perform everyday as a wordsmith, I can guarantee you you will be hooked.

One of the most basic uses of the program in the transcription process is the ability to spell check words with one click and from right inside the transcription program (such as ExpressScribe). The program has good quality artificial intelligence programmed into it which allows you to type in a rough estimate of and/or [CTRL + (right click)] the word you need to spell check and the program will display a list of numerous words which are either the exact word correctly spelled (along with the definition and other info) or the closest estimates of the word you are looking for. For instance, if you [CTRL + (right click)] the word “mispelled” (go ahead, [CTRL + (right click) it!) the program will display “try misspelled” with a link to the correct definition,  along with a list of numerous other rough matched of the misspelled word, which you can single click on to go to the definition page for that word. In addition, when the definition page comes up for the word the word itself is selected, and so you can simply hit [CTRL-C] to copy the properly spelled word and paste it right into the transcription text in your transcription software by pressing [CTRL + V]. Going even further into the functions, you have the option (through various tabs within the definition display page) to click through to synonyms and antonyms of the word (and other related categories) and then [CTRL-C] any of those and paste them [CTRL + V] right into the transcription text. So, the program is essentially a “quick-click” thesaurus, spell check, and linguistic database of sorts. All of these features are smoothly integrated into every step of your word workflow and are implemented in one or two clicks (for most operations).

These few basic features of the program are well worth the ZERO dollars you pay for the (freeware version of the) program and you can start using them immediately to increase the efficiency of your writing, editing and transcription work.

Another nice feature is the built-in audio pronunciation, which can come in handy when you are having trouble deciphering a word used by a speaker in the audio file you are transcribing. You will be surprised how many words we believe we know the correct pronunciation for, which turn out to have a dramatically different actual sound (including syllabic accent, intonation, etc.) especially when you account for the various accents of the language which the word is spoken in. For instance, quite a number of English words are barely recognizable when you compare the pronunciation between American English, British English, Australian English, etc. Not to mention the even more numerous tertiary English dialects (ex. Filipino-English, Chinese-English, Indian-English, etc.). The audio pronunciation database can also be upgraded to increase the number of audio pronunciations available and to add additional accent and specialized databases. It’s very helpful to have the proper pronunciation of a new word you have encountered so that you learn the correct pronunciation from the very beginning, instead of learning an improper sounding from the start and then having to unlearn your mistake. This is an important concept in the study of language (linguistics – especially the subtopic of second language acquisition (SLA) – of which a massive amount of research has been done in academia and the field). The reality is that it is much easier to struggle a little to learn the word (and pronunciation) correctly upon first exposure, than it is to go because and undo the improper definition/pronunciation after it has been reinforced over time through use. Try typing a rough estimate pronunciation of an unknown word from an audio file and you may very likely be surprised to find the correct word show up in the “related words” list. You can then verify further if it is the correct word or not by clicking the speaker icon and have the program pronounce the related word (or words).

If you are to settle for the integration and application of just these four core features of the program (ex. dictionary, thesaurus, spell check, and audio pronunciation) you will see a dramatic improvement in the speed and accuracy of your word work, especially if you apply that work to your tasks of writing, editing and/or transcribing. You will experience a dramatic increase in the speed in which you discover and correct spelling mistakes in your text, the efficiency of deciphering words through the context provided by the thesaurus features, as well as the efficiency of deciphering unclear words in an audio file through the same contextual features in combination with the audio pronunciation feature which provides multiple accents – an important feature for transcriptionists who often work on files containing speech by speakers of different accents from around the world. This is only becoming more important and useful as computing technology makes cross-translation of language faster and more automated, and as the force of globalization increases the amount of audio and text data to be translated and transcribed by teleworkers of various accents working online. In addition, since saving time equates to getting more work done and thus earning more money, this program is an important tool to add to your transcription (and general word-work) toolbox.

So go ahead and play around with Wordweb, and if it is helpful leave a comment describing how you have used and benefited from it.

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Feel free to donate some Bitcoin to support the research and writing effort of this blog.

Donate some Bitcoin to support the research and writing effort of this blog.