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BITCOIN

Audio-book Review
By Chet Yarbrough

(Blog:awalkingdelight)
Website: chetyarbrough.blog

Digital Gold, Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money

Written by: Nathaniel Popper

Narrated by: Robert Fass

NATHANIEL POPPER (AUTHOR, NYT'S REPORTER) — NATHANIEL POPPER (AUTHOR, NYT’S REPORTER)

Nathaniel Popper writes a book on the history of bitcoin. His history is a “Just the facts Mam” presentation. One will draw their own conclusion about the good and bad qualities of crypto currency.

Just like the dollar, pound, renminbe (yuan), franc, and euro, bitcoin is used for legal and illegal transactions. There are a host of criminals who have gamed currencies. Pepper recounts examples of bitcoin that show it is not exempt from currency manipulation.

BERNARD MADOFF (AGE 74) SERVING 150 YEAR PRISON SENTENCE

However, the manipulation takes the form of coding modification, or criminal hacking, rather than overt Bernie Madoff-like’ deceit. Wealth has been accumulated and lost in every medium of exchange since the beginning of barter between buyers and sellers. Popper shows that the fundamental difference between conventional currencies and bitcoin is how value is determined; who decides on what the value should be, and the transparency of change.

Popper explains bitcoin’s value is a consensus of its owners and users. Bitcoin value rises or falls based on most of its holder’s and merchant’s willingness to sell goods in exchange for bitcoin’ value. In contrast, conventional currencies are based on government fiat and national economic stability.

BITCOIN SYMBOL — Popper explains bitcoin’s value is a consensus of its owners and users. Bitcoin value rises or falls based on most of its holder’s and merchant’s willingness to sell goods in exchange for bitcoin’ value.

CHECKS AND BALANCES — All currencies offer exchange of goods based on willing seller and buyer discretion. However, conventional money does not rely on majority determination of value. Value of conventional currency is an inchoate combination of government decision, and the economic condition of respective nations. http://news.webshots.com/photo/2005825900056011884kLVAuD

All currencies offer exchange of goods based on willing seller and buyer discretion. However, conventional money does not rely on majority determination of value. Value of conventional currency is an inchoate combination of government decision, and the economic condition of respective nations. When aberrant government actions or economic crises occur willing buyers disappear, and currency value falls. However, bitcoin is not dependent on government regulation or the state of one economy. Bitcoin relies on its buyers and sellers and is independent of singular government decisions or any singular national economies.

INFLATION — When aberrant government actions or economic crises (like hyper-inflation) occur willing buyers disappear, and currency value falls. However, bitcoin is not dependent on government regulation or the state of one economy. Bitcoin relies on its buyers and sellers and is independent of singular government decisions or any singular national economies.

What Popper clearly explains is that troubled economic countries can see dramatic conventional currency movements that destroy wealth because of government decisions. However, he equally notes many examples of large devaluations in bitcoin. The difference is that devaluation of bitcoin is based on owners and users who are not tied to any single nation-state economy or government regulation. Bitcoin value is based on the opinion of its owners and users.

One might conclude bitcoin is more egalitarian than conventional currency because it is based on the will of the majority of owners and users. That may be true but the idea of depending on bitcoin’s open system modification of cryptographic code is a threat to the will of the majority.

Only code technologists understand the ramification of code changes in bitcoin. Most users can only vote in ignorance and hope. One may argue that is also true when electing a government; however, the difference is transparency. Bad governments can be judged by the public and eventually defeated. Cryptocurrency is, as its title implies, concealed. It is both secret and incomprehensible to most owners and users. Most bitcoin users can only vote in ignorance and hope that coders are acting in a majorities best interest.

No form of currency guarantees value. Every form of currency has its ups and downs. The difference is in who makes the decision about value. If you live in a highly inflationary country, bitcoin offers some level of stability. If you live in a wealthy and relatively stable country, bitcoin seems less attractive.

The future of bitcoin or other cryptocurrencies seems more utilitarian in a future where nationalism disappears and there is acceptance of a world economy based on equality of opportunity. We seem far from such a Utopian world.

A BRADBURY CLASSIC

Audio-book Review
By Chet Yarbrough

(Blog:awalkingdelight)
Website: chetyarbrough.blog

The Illustrated Man
By Ray Bradbury

Narrated by Paul Michael Garcia

Flights of imagination sparkle and spin in this updated 1950s Ray Bradbury classic. This compendium of Bradbury’ tales is titled “The Illustrated Man”.

ROD SERLING (1924-1975, SCREENWRITER, TV PRODUCER, NARRATOR)

Bradbury spins stories; reminding one of late night re-runs of Rod Serling’s “Twilight Zone”. Every episode sparkles with stars and planets, habitable by man but riddled with fear, death, and destruction. Bradbury grasps human nature and turns it against itself by writing stories that illustrate man’s selfishness, insecurity, wantonness, and aggression.

Tattoos come alive on rippling skin to act out a series of plays about mankind’s future. Everyone fears the illustrated man because his tattoos expose the worst in man. Belief that nuclear cataclysm will end life on earth blooms like a mushroom cloud. Traveling to other planets changes mankind’s environment but man’s nature remains the same.

THE ILLUSTRATED MAN (PLAYED BY ROD STEIGER) — THE ILLUSTRATED MAN (PLAYED BY ROD STEIGER IN A 1969 MOVIE) Tattoos come alive on rippling skin to act out a series of plays about mankind’s future.

AYN RAND (1905-1982) — AYN RAND (1905-1982, AUTHOR WHO FIRMLY BELIEVED IN THE VIRTUE OF SELF-INTEREST) Unregulated self-interest is a dangled reward stolen by one to keep it from the many; in the end the reward is destroyed by the selfishness of each against the other.)

These are not happy stories but they are great flights of imagination. Bradbury tells a story of human exile and deprivation that exacerbates selfishness when personal reward is dangled in front of exiled and deprived human beings. The dangled reward is stolen by one to keep it from the many; in the end the reward is destroyed by the selfishness of each against the other.

Insecurity is a devouring beast in the story of a planet blessed by an appearance of a Visitor (presumably Jesus) just before a rocket ship lands on the planet that has been visited. The captain disbelieves it has happened and is driven to track down this Visitor rather than settle in the insecure surroundings of a unblessed world. The captain is left to wander the universe, never to arrive in time to actually see the Visitor.

INFIDELITY — Wantonness is illustrated by Bradbury’s story of an unhappily married man.

Wantonness is illustrated by the husband that is unhappily married. He duplicates himself. His duplicate takes his place beside his wife so he can buy a ticket to Rio to exercise his fantasy. The duplicate is so perfect it becomes as human as the husband. The duplicate places the wanton husband in a box to die, and buys a ticket to Rio for his wife to accompany it in its fantasy.

Human kind is aggressive. Humans conquer and destroy civilizations. One world of the future prepares for a second visit from mankind by becoming the image of a City. This image devours the men of the second visit and assumes their bodies; i.e. the City image is transformed into the bodies of the humans from this second visit. The City image plans to return to earth to destroy those who had destroyed them.

NUCLEAR DETONATION ABOVE TEST TARGET 1986 — Human kind is aggressive. When human’s conquer or destroy others, others rise to destroy those who had destroyed them. An endless circle of life where agression eats itself.

Bradbury is a master story-teller. Paul Michael Garcia’s narration is a tribute to Bradbury’s skill.

TOTALITARIANISM

Audio-book Review
By Chet Yarbrough

(Blog:awalkingdelight)
Website: chetyarbrough.blog

The Trial

By Franz Kafka, David Whiting (translator)

Narrated by Rupert Degas

FRANZ KAFKA (1883-1924, AUTHOR, NOVELIST)

“The Trial” is a Franz Kafka picture of hell; i.e. a totalitarian nightmare, ruled by bureaucracy and controlled through human despair. “The Trial” is a book to listen to because it mesmerizes when narrated by an artist but numbs when read by an undisciplined mind.

Imagine arbitrary arrests, undefined accusations, and undisclosed trials; i.e. trials operating in obscurity that secretly sentence the accused to mental purgatory or death; add shadows of human beings, dark rooms of judgment, stifling closeness, and oppressive anxiety. This is Kafka’s world in “The Trial”.

There is no lightness in Kafka’s tale; no human redemption. The main character, Ka (in this version of the book), is the only person that seems to seek self-understanding.

All other characters are “other directed”, trying to be what someone else expects them to be by playing whatever role they need to play to survive.

Kafka imagines a country of directionless people, subsumed in a bureaucracy that feeds on itself.

This is a country of directionless people, subsumed in a bureaucracy that feeds on itself. Citizens of this country are either a part of the bureaucracy or they are controlled by its administration.

Control is exercised by creating fear and anxiety. This characterization reminds one of Donald Trump and his current attempt to overthrow over 200 years of American government history.

Trump’s tacit support by the Republican party is a crime against democracy. Patriotic Republicans are diminished by Trump’s abhorrent behavior.

Should Trump be impeached a second time? It’s complicated. On the one hand, incitement by Trump on January 6th is obvious to most Democrats. On the other, Republicans now represent 70,000,000 Americans who think Trump is good for America.

There is no societal objective; there is only bureaucracy’s perpetuation. Lawyers, bankers, judges, business moguls, landlords, artists, servers and assistants of this society, though rarely singled out for terror or torture, are consumed with anxiety from an ever-present threat of arrest. The working public enriches itself by taking bribes to subvert bureaucratic action. The working public’s subversion is not destruction of the bureaucracy but a tacit acceptance of its hegemony.

Ka attempts to break the cycle of bureaucracy’s self-perpetuation. His attempt fails.

The redeeming quality of Kafka’s story is the human desire for freedom that is not extinguished even in the darkest times of a country’s repression. Against all obstacles, Ka insists on freedom. In Ka’s case freedom means death just as it did for many who died in Auschwitz, Dachau, and Treblinka.

Kafka’s hell exists in today’s world just as it did when it was published in 1925.

HEARTACHES, HEARTBREAKS, AND BELIEF

Audio-book Review
By Chet Yarbrough

(Blog:awalkingdelight)
Website: chetyarbrough.blog

The Canterbury TalesBy Geoffrey Chaucer

Narrated by Charlton Griffin

What value does a 14^th century book have for a 21^st century person?

GEOFFREY CHAUCER (1343-1400) — GEOFFREY CHAUCER (1343-1400, AUTHOR, POET)

“The Canterbury Tales” is a rhyming entertainment (except for Christian preaching at the tales end) that recalls romantic heartaches, heartbreaks, and belief in divine justice that is as present today as yesterday. The unchanging nature of men’s lust for women and women’s superiority is comically and tragically told and repeated in Chaucer’s travelers’ tales. Though women play a primary focus in “The Canterbury Tales”, belief in Christianity and its power to heal and destroy is a paramount subject.

FIGHTING KNIGHTS — In the Knight’s tale, two brothers lust for the same woman. They plan to fight each other to the death but are interrupted by the King

In the Knight’s tale, two brothers lust for the same woman. They plan to fight each other to the death but are interrupted by the King. The woman wishes to retain her maidenhood and appeals to her deity to insure continued chastity. The two brothers and the woman have different agendas with each agenda appealed to a different god. The tale progresses with the three appellant deities determining the brothers and woman’s fates. It is an ironic pagan tale of Chaucer’s disbelief in many gods rather than the One.

In Chaucer’s tales, men are shown to be the weaker and dumber sex. Old rich men marry young beautiful women and become cuckolds. Powerful and rich young men choose poor and beautiful women to be their wives and treat them horribly to test their love and loyalty. Male insecurity and desire drive men to make foolish decisions about whom they should marry and how they might measure their worth through earth-bound pleasure. Men foolishly seek revenge at any cost while women seek justice through diplomacy and prudence.

WIFE OF BATH — In Chaucer’s tales, men are shown to be the weaker and dumber sex.

The incredible power of religion in Chaucer’s time is illustrated in the Nun’s tale of a chaste bride that convinces her betrothed to forgo conjugal relations for the sake of eternal life in heaven.

The husband asks for proof of an angel that visits his wife and, if he can see the angel, he agrees to forever forego sex with her. She refers her husband to the Pope.

The Pope convinces the husband to become a Christian; he returns home and sees the angel and agrees to his wife’s demand. The husband then convinces his brother to meet with the Pope and the brother also becomes a Christian. Her husband and his brother are executed because they refuse to obey their Overlord when he insists that they sacrifice to pagan idols.

After the brothers’ execution, the Overload summons the wife. The chaste wife is sentenced to be burned in her house because she also refuses to sacrifice to her Overlord’s deities. The fire fails to kill the wife so the ruler has an executioner sent to cut-off her head. The executioner strikes her neck with an ax three times but is unable to remove her head; a fourth strike is not allowed and she continues to preach her beliefs.

Neither mammon nor the Pope seem the equal of this wife.

Prejudice comes through Chaucer’s strong Christian beliefs; i.e. “The Canterbury Tales” endorses Christianity as the salvation of mankind with vilification of Jews which is presumably justified by Christian’ belief in Jewish betrayal of Christ.

It is perplexing to think that much of what Chaucer says about Christian believers remains true today but Chaucer’s understanding of women’s superiority to men in the 14^th century seems quite enlightened in the 21^st.

KNOWING NOTHING

Audio-book Review
By Chet Yarbrough

(Blog:awalkingdelight)
Website: chetyarbrough.blog

Thinking Fast and Slow

By Daniel Kahneman

Narrated by Patrick Egan

There are certain knowns that are known and certain knowns that are unknown. Well, I know I know nothing and Kahneman seems to prove it. Every chapter of Kahneman’s book suggests something one finds hard to believe is true.

Daniel Kahneman is a renowned psychologist and Nobel laureate. He is an American citizen that served in the Israeli military and used his education, research, and experience to write “Thinking Fast and Slow”. His observations explore many aspects of human decision-making.

How one runs their business or lives their life is framed by how they think. Kahneman explores two fundamental ways of thinking that reveal human strengths and weaknesses. “Thinking Fast…” is intuitive and easy. It is prejudiced by personal life experience and education. It is activated through an evolved instinct that forms the basis for snap decisions. In contrast, “…Thinking Slow” is a deliberative, calculating, and mind-numbing way of making rational decisions. Kahneman calls these mental functions System 1 and System 2 respectively.

“…Thinking Slow” is undoubtedly prejudiced by Kahneman’s scientific interpretation of “human thought and action”’ but judgment of his observations is the responsibility of the reader or listener; so, caveat emptor.

The more common decision-making tendency of the brain is to use System 1 rather than System 2 when making decisions because it is easier and because, as Kahneman notes, behavioral studies and brain imaging show human brains are lazy (not inclined to use System 2’ thinking because it is more laborious than System 1).

System 1 often leads humans to make incorrect intuitive decisions. System 2 potentially improves probability of making better, or at least more rational, decisions. However, System 1 is important to life and death decisions that require instantaneous action. System 2 requires one to consider options before settling on an action. A current example is the dilemma of choice in regard to social media. Fighting hardly seems logical based on the direction of technology. Flight seems equally illogical for the same reason.

FIGHT, FLIGHT, LIGHT — System 1 is important to life and death decisions that require instantaneous action. System 2 requires one to consider options before settling on an action.

FIREMAN NARROWLY ESACAPES FLOOR COLLAPSE — FIREMAN NARROWLY ESCAPES FLOOR COLLAPSE ( Using System 1 thinking the fire commander tells his team to get out of a burning house because his mind subconsciously gathers experiential information telling him the floor is about to collapse.)

Kahneman gives a more concrete example with an experienced fire commander. Using System 1 thinking the fire commander tells his team to get out of a burning house because his mind subconsciously gathers experiential information telling him the floor is about to collapse. The fire commander’s system 1 thinking saved his team’s lives.

Kahneman contrasts the value of System 2 thinking by exploring System 1’s habit of unconsciously bench-marking manufactured product pricing to seduce consumers to buy at higher prices; i.e. if a product is priced high, System 1 thinking is willing to pay a higher price.

Attention — The “halo” effect caused by System 1’ thinking gives too much weight to a one time “good” interview evaluation of an employee candidate.

Another observation is that employee interviews are often detrimental to the selection of the best job candidate. Kahneman describes the “halo” effect caused by System 1’ thinking that gives too much weight to a one time “good” interview evaluation of an employee candidate. To protect from the “halo” effect, Kahneman suggests that interview questions be structured and an employment process be standardized to give more objective criteria for choosing the best employment candidate. In other words, design an employee selection process based on clearly defined job requirements that are equally measured and fairly weighted for each candidate. Employer hiring solely based on a candidate’s interview is not a good determinant of employee performance.

This brief review is a single drip of sweat in a twenty hour work out. Kahneman undoubtedly exaggerates the import of some scientific studies but his writing engages System 2 thinking. A System 2 person will want to listen to “Thinking Fast and Slow” more than once.

NUCLEAR WAR

Consider whether “The Last Train from Hiroshima” horrifies more than enlightens. “Last Train from Hiroshima” is not for the faint hearted. It is a gruesome reminder of the horror of war.

Audio-book Review
By Chet Yarbrough
(Blog:awalkingdelight)
Website: chetyarbrough.blog

Last Train from Hiroshima
By Charles Pellegrino
Narrated by Arthur Morey

Christopher Nolan’s remarkable performance in the movie “Oppenheimer” re-opens the terror of nuclear war. Consider whether “The Last Train from Hiroshima” horrifies more than enlightens. “Last Train from Hiroshima” is not for the faint hearted. It is a gruesome reminder of the horror of war.

Charles Pellegrino has written a story of Hiroshima and Nagasaki’s bomb survivors. Arthur Morey brings Pellegrino’s words to life. Pellegrino recounts survivor stories; i.e. what they saw, and what happened to them and their families in the aftermath of the world’s first use of a nuclear weapon.

Pellegrino is a wordsmith. He uses words that blow torch images on a listener’s mind. His words capture the horror of nuclear war; the physical and mental effect of a nuclear detonation on human beings.

hiroshima - ant walkers — The aftermath of Japan’s nuclear blasts left thousands of people with few apparent injuries. They wander in a fog of confusion, like ants in long lines following each other, single file to nowhere. They were, as Pellegrino explains, the “ant walkers”.

Hiroshima - Burnt to Ashes — Hiroshima – Burnt to Ashes

After Nagasaki’s bomb, a young girl walks out of a tubular bomb shelter and sees a shadowy figure that she presumes is an escaped zoo animal. It has rough, blackened, mottled skin, and is crawling on four limbs. It is a human being, exposed to the flash and burn (pika don) of the bomb.

Pellegrino describes the aforementioned crawling man as one of the “alligator people”, a classification that repeats itself on the skins of anyone that survives direct exposure to the bomb’s flash and burn. He tells the story of a “tap dancer” running down a street in Hiroshima; tap, tap, tapping the hard-surfaced street because he has no feet. Pellegrino recounts the story of a father greeting his lost daughter by asking “…do you have feet” because a Japanese aphorism believed ghosts are recognized as apparitions with no feet.

nagasaki bombing aftermath — Nagasaki bombing aftermath. Survivors are the “ant walkers”. Days later, the “ant walkers” are stricken with fever, vomiting, loss of appetite, and internal bleeding. Some survive to go through the same symptoms weeks or months later.

The aftermath of Japan’s nuclear blasts left thousands of people with few apparent injuries. They wander in a fog of confusion, like ants in long lines following each other, single file to nowhere. They were, as Pellegrino explains, the “ant walkers”. Days later, the “ant walkers” are stricken with fever, vomiting, loss of appetite, and internal bleeding; some survive to go through the same symptoms weeks or months later; some become crippled for the remainder of their lives; some die after the first onset of sickness; some die years later from leukemia or other maladies traced back to those two fateful August days in 1945.

RADIATION EXPOSURE DAMAGE FROM CHERNOBYL DISASTER IN THE FORMER U.S.S.R.

The survivor stories in Pellegrino’s book are so vivid that one wonders where real history ends and his imagination begins. Regardless of the veracity of Pellegrino’s survivor facts, his description of nuclear weapon damage and radioactive exposure is verified by later scientific experiments and accidents.

Once again–Iran, Russia, and North Korea threaten peaceful coexistence. “Never again” has been said before. One is left with thought and fear.

Addendum: I am writing this from the Vista Hotel in Hiroshima today. I will post an essay of the trip sometime later this year but this addendum is to reveal a comment from a survivor of the bomb blast in 1945.

Something not mentioned in Pellegrino’s excellent book is that those who survived the bomb were discriminated against because of the fear they had of contamination from those who were victims of the event. It is a reminder of the tragedy of the bombing but more importantly the ignorance of humanity’s discrimination.

A WOMAN OF SUBSTANCE

Audio-book Review
By Chet Yarbrough

(Blog:awalkingdelight)
Website: chetyarbrough.blog

Jane Eyre
By Charlotte Bronte
Narrated by Lucy Scott

“Jane Eyre” replays the tautology of “life is not fair; i.e., it just is”.

Charlotte Bronte’s story comes alive with the voice of Lucy Scott. Lucy Scott becomes Jane Eyre in this audio book presentation.

MORALS — Bronte’s story emphasizes the importance of having an inner moral compass to guide one to choose between right and wrong

The author, Charlotte Bronte, captures life’s joy and hardship. The story emphasizes the importance of having an inner moral compass to guide one to choose between right and wrong. By making right choices, fulfillment comes from working through good and bad things in life.

Jane is an orphaned girl raised by an uncaring Aunt that feels burdened by her filial obligation. The orphaned girl directly confronts her Aunt’s resentment. To escape further confrontation and embarrassment, the Aunt boards Jane Eyre in an indigent’s school.

JANE EYRE AS AN ORPHAN — Jane is an orphaned girl raised by an uncaring Aunt that feels burdened by her filial obligation.

JANE EYRE DEPICTION WITH MR. ROCHESTER IN THE BACKGROUND — JANE EYRE becomes a teacher at the school she is sent to by her uncaring Aunt. Later, she is hired by a wealthy landowner to tutor a young girl alleged to be the landowner’s illegitimate daughter.

Jane Eyre is formally educated. She becomes a teacher at the school. Later, she is hired by a wealthy landowner to tutor a young girl that is alleged to be the landowner’s illegitimate daughter. The wealthy landowner is revealed as a man with too many secrets. Jane Eyre, driven by her inner compass, flees to endure new hardship and temptation.

At the end, Jane Eyre returns to marry the wealthy landowner. She finds him blind, chastened, and older, but still in love with the Jane Eyre he had hired as his daughter’s tutor.

One might surmise a future hardship that remains to be revealed; i.e. when Eyre’s husband is ravaged by the inevitable infirmities of old age, Jane will be in the bloom and health of life. Considering the tenor of the story, Jane will deal with her husband’s infirmities and grow into her new role as caregiver with the strength of her convictions.

“life is not fair; i.e., it just is” (Considering the tenor of Bronte’s story, Jane will deal with her husband’s infirmities and grow into her new role as caregiver with the strength of her convictions.) © Copyright 2010 CorbisCorporation

An ever-present refrain in “Jane Eyre” is that all life decisions and actions have consequences. The many themes that run through Charlotte Bronte’s book are what make it a classic. Every listener will identify with some part of Charlotte Bronte’s story.

Audiobook’s version of “Jane Eyre” is a tribute to Charlotte Bronte’s story telling skill.

MENTAL DETERIORATION

Audio-book Review
By Chet Yarbrough
(Blog:awalkingdelight)
Website: chetyarbrough.blog

The Other Brain
By R. Douglas Fields Narrated by Victor Bevine

As we grow older, our physical and mental abilities deteriorate. Knowing that decline is the nature of life, the older one becomes, the more grasping one is for new ideas that mitigate life’s inevitable degradation.

R. DOUGLAS FIELDS (AUTHOR PhD IN NEUROSCIENCE) — R. DOUGLAS FIELDS (AUTHOR Ph.D. IN NEUROSCIENCE)

“The Other Brain”, written by Dr. Douglas Fields (a department head at the National Institute of Health and adjunct Professor of Neuroscience at the University of Maryland) is an expert in the field of cognitive science, i.e., the exploration of how minds work.

DR. THOMAS HARVEY (the pathologist that stole Einstein’s brain and kept it for some twenty years before telling anyone he had it.)

Fields begins with a story of when he is a ten-year old boy requesting a brain to dissect to see how it works. He moves on to tell the story of the pathologist that stole Einstein’s brain and kept it for some twenty years before telling anyone he had it. Einstein’s brain is eventually analyzed to see if there was a physical difference in Einstein’s brain that allowed him to see what others could not.

With this opening, Fields begins an exploration of the brain and how it functions. What he reveals is that Einstein’s brain was different but not because it was any bigger nor had more neurons but that it had more glia cells than the average brain. Until glia cell discoveries were made, the consensus of scientists was that neurological function was singularly based on an electrical impulse, i.e., an impulse transmitted to the brain through neurons via axons and dendrites to command thought and action.

With careful examination of glia cells, scientists found that there is what Fields calls a “second brain”. Glia cells are different from neurons. They do not use the axons and dendrites that transmit electrical pulses to compel performance. Glia cells use a chemical interaction within and between glia that create stimulus and response. The significance of the discovery of glia cells as a chemical alternative to electrical impulse suggests motor and mental function may be improved by other means.

SPINAL CORD INJURY — This discovery OF GLIA cells potentially offers alternative ways of treating spinal cord injuries and mental in-capacities caused by diseases that interfere with the neuronal circuits of the brain.

This discovery means that the study of a “second brain” may offer alternative ways of treating spinal cord injuries and mental in-capacities caused by diseases that interfere with the neuronal circuits of the brain. Further, it may offer treatment alternatives for patients suffering from dementia or Alzheimer’s, a growing and feared neurological dysfunction.

Fields explores several glia related cells and their positive and negative functions in the neurological system. It is not a panacea for cure of neurologically impaired patients or aging brains because experiments show glia cells are both curative and destructive in their effect on the neurological system. However, a second brain does open a new field of opportunity for cure. Maybe young brains can be re-booted and old brains rehabilitated.

Dementia gives no comfort to one who is older and have a fear of Alzheimer’s and its consequence for others. Others, who are left to care for the stricken.

COMMUNICATION SUPERSIZING

Audio-book Review
By Chet Yarbrough
(Blog:awalkingdelight)
Website: chetyarbrough.blog

The Master Switch
By Tim Wu
Narrated by Marc Vietor

Tim Wu writes about the capitalist drive to acquire a master switch that controls how the public receives information. President Biden has chosen Wu to serve on the White House National Economic Council. It will be interesting to see what influence Wu will have on American technology companies.

TIM WU (AUTHOR, PROFESSOR OF LAW AT COLUMBIA

The first section of “The Master Switch” sets a table for understanding 21st century communication technology. Wu doggedly recounts a history of the communication industry. It will turn some listeners off but stick with it, Wu does have something to say.

“The Master Switch” is written before Huawei technology company became a perceived security and privacy threat. Instead of corporate domination of the internet, Huawei might be a nation-state security and privacy threat. Huawei’s break-through 5g internet system is coveted by many countries in the world.

Some of what Wu reveals is counter intuitive. Steve Jobs’ genius is not as a technical wizard but as a deal maker.

None of these revelations denigrate the spectacular achievements of Jobs and Wozniak or the success of any of the companies mentioned. Jobs is a marketing genius that envisions what the market doesn’t know they want and demands perfection in a product that will serve that market.

STEVE WOZNIAK (Wozniak, is characterized as the real wizard of “Menlo Park” –a few doors down from a similar laboratory occupied by Bill Gates.)

In their early days, one suspects neither genius cared about the power and influence of the internet and the potential of a “Master Switch” controlled by a government, or corporation. A prospect that is both troubling and (probably) inevitable.

Wu is arguing that communication businesses have expanded and contracted like rubber bands; i.e. pulled and snapped by inventors, governments, and business moguls.

From what Wu reports, history favors the likelihood of a “Master Switch” controlled by one of these rubber band pullers.

Wu’s stories of the communication industry suggest that a closed system is more likely to prevail in the shake-out of the internet; i.e. one “switcher” that will control the medium. The Trump administration endorses that philosophy by suggesting the private sector is a better arbiter of control than the government. Wu shows that a closed system tends to perpetuate itself and retard innovation because of a monopolist’s fear of competition.

In today’s political climate, the potential of a closed system looms large. Wu recounts the history of telephony, radio, movie, and television communication businesses that started as open systems but evolved into closed systems due to the acquisitive and greedy nature of mankind.

Wu argues that vertical integration (a closed system) of the communication industry can be discouraged with a check and balance system.

He suggests inventors, manufacturers and government regulators should remain independent (integrated horizontally rather than vertically) to check and balance human nature’s drive for one entity’s control of a “Master Switch”. This seems unlikely in light of an autocratic government like China. China’s outsize involvement and influence on the financing and regulation of a company like Huawei is an unlikely check and balance on sovereign security or privacy.

Wu lauds Google for preaching and practicing open system management of the internet but the history of communication companies reminds the listener that founders and their philosophies mutate. Private industry history of corporate greed in a capitalist society makes one suspect.

A check and balance system for communication or any industry is unlikely to grow based on past experience and human nature.

Free societies over-regulate and then under-regulate. America has always practiced rubber band management. Separation of powers is a temporary construct; not a permanent condition. When conflict begins, human nature takes charge. Mankind is acquisitive, greedy, and human.

Wu is a naive free enterprise philosophizer. History, Ayn Rand, and human nature tell us that the internet will become a closed system.

The public doesn’t understand technology and could care less. “Show me the product and what it can do”. “Show me the money” are humankind’s arbiters of who gets the “Master Switch”.

Ignorance of communication technology is everywhere. Consumers are more interested in what they can get than what they can change.

The general public would rather let someone else make product decisions and vote with their pocketbook when they are dissatisfied. That seems an even greater threat with a company like Huawei that is integrated with an autocratic government.

Wu opens one’s mind but fails to come up with a plan that will change the internet’s future.

INCOMPETENCE & GREED

Audio-book Review

By Chet Yarbrough

(Blog:awalkingdelight)

Website: chetyarbrough.blog

The Big Short & No One Would Listen

By Michael Lewis By Harry Markopolos

Narrated by Jesse Boggs Narrated by Scott Brick & Others

the big short no one would listen

Michael Lewis details the collapse of the real estate industry and Harry Markopolos dissects Bernie Madoff’s multi-billion dollar Ponzi scheme. Both authors reveal mankind’s inherent incompetence and greed. This is the 21^st century but we still live in Thomas Hobbes’ 17^th century world.

HARRY MARKOPOLOS (FINANCIAL FRAUD INVESTIGATOR, AUTHOR)

“The Big Short” and “No One Would Listen” reveal the nuts and bolts of how smart and stupid a free society can be. There is plenty of blame for every person involved; both perpetrator and victim. Human nature is an equal opportunity victimizer. Freedom of opportunity beckons good and bad behavior in man.

Money lenders like Countrywide and Washington Mutual fed bogus “no doc” mortgages to investment house mathematicians (known as “Quants”) that worked for companies like Goldman Sachs and Merrill Lynch to create derivative (real estate backed) securities. Inept management by Fannie Mae, and Freddie Mac offered mortgage insurance for grossly overleveraged mortgages. Companies like AIG removed investor risk by insuring banks against bad investments. All of these foolish actions coalesced to bankrupt companies and families around the world. Individual lies, bungles, and missteps in the real estate industry created the worst recession since the 1929 stock market crash.

While this real estate debacle was developing, Bernie Madoff built a 50 to 70 billion dollar empire by making fools of the U.S. Government, European royalty, world wide charities, and working families. Madoff lied, cheated and stole billions of dollars from wealthy investors, charities, and mom and pop businesses with offers of bogus investment returns based on buying from Peter to pay Paul. He paid dividends to earlier investors by taking money from newer investors. As long as people believed in Madoff, or deluded themselves, his wheel of fortune continued to roll. As the real estate market collapsed, old investor money was recalled and new money became unavailable. Madoff’s failure was inevitable.

How could these things happen in a 21^st century, democratically elected and governed society? Hobbes would say “how could these things not happen”?

Michael Lewis identifies seers that recognized “Quants” were packaging doomed mortgages into re-saleable financial instruments called derivatives. Victims care little about who the seer heroes were but they were ringing warning bells long before the real estate collapse occurred. Seers by chance and foresight created “The Big Short”; betting on the coming real estate collapse. Seers became rich as the “too clever”, uninformed, or greedy victims became poor.

GOVERNMENT REGULATION-“No One Would Listen” is an indictment of democratic government in free society. His story exposes an inept and failed SEC, an agency created by government to protect investors.

Madoff’s investment lies were exposed in Markopolos’ written “red flag” report to the Security Exchange Commission in the year 2000. The title of the book “No One Would Listen” tells the story. “No One Would Listen” is an indictment of democratic government in free society. His story exposes an inept and failed SEC, an agency created by government to protect investors. The irony is that Madoff did not get caught, he confessed in 2009 because his Ponzi scheme fell apart. along with the collapse of the real estate industry.

Regulation is not a perfect solution for control of bad actors in a free society. However, no regulation is worse. The forensic reports of Michael Lewis and Harry Markopolos show what happens when efforts to regulate human nature are abandoned. Thomas Hobbes’ “Leviathan” lives to wreck havoc on society.

The narrators of these two books, Jesse Boggs and Scott Brick, are easy to listen to and the author’s forensic stories are valuable to hear.

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