The Breakdown of Trust with Doomberg - WBD697
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 16 August 2023
⏱️ 74 minutes
🧾️ Download transcript
Summary
Doomberg is an anonymous collective producing the world's most popular financial substack. In this interview, we discuss the state of scientific research in the context of the potential game-changing implications that a room-temperature superconductor may have been developed. We talk about the framework for evaluating such claims, the importance of critical thinking, and a range of other current topics of debate.
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In the digital age, reducing the electrical resistance of conducting materials is one of the major problems scientists are working on; such resistance leads to energy loss in the form of heat, and thereby, the inefficient transmission of electricity and increased costs. The US energy grid loses about 5% of electricity through transmission lines due to such resistance, enough energy to power the whole of Central America 4 times over.
The innovation that overcomes the resistance issue is superconductivity: the phenomenon where certain materials can conduct electric current with zero resistance so there is no energy loss due to resistance and no heat generation. Further, superconductors can carry electric current indefinitely without any degradation of the signal, making them incredibly efficient.
Superconductivity's impact on technological progress is significant. It enables the development of more efficient electrical systems beyond power transmission: it has revolutionized fields such as medical imaging, particle accelerators and quantum computing. It could also lead to breakthroughs in fields like transportation, where superconducting materials could create highly efficient electric motors or levitation systems for maglev trains.
However, traditional superconductors require extremely low temperatures, often near absolute zero, making their implementation and maintenance expensive and impractical. If superconductivity could be achieved at or close to room temperature, it could herald a new technology revolution. So, when South Korean researchers recently announced the discovery of a new room-temperature superconductor material called LK 99, 'X' (i.e. Twitter) went crazy.
However, there is a massive gap between claims of scientific breakthrough and peer-reviewed validation. Unfortunately, in this case, other researchers are struggling to replicate the original work. As such, whilst the excitement around such news is obviously merited, we need all to remain rooted in the methodical scientific method, which is predicated on scepticism. As Carl Sagan stated, "extraordinary claims require extraordinary evidence".
Show notes: https://www.whatbitcoindid.com/podcast/the-breakdown-of-trust-with-doomberg
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Transcript
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| 0:00.0 | One of the things that held up the US dollar hegemony was the state of our institutions |
| 0:06.3 | and the quality of our financial markets and the rule of law and the level of corruption |
| 0:11.8 | and criminality that is on blatant display in Washington DC is |
| 0:17.7 | appalling. |
| 0:19.6 | And once you lose your ethical framework as a society, what do you have? |
| 0:24.8 | Good morning from a very happy Bedford and a very happy chairman of the football team |
| 0:29.8 | that just won their first FA Cup game. |
| 0:32.0 | We're through to the next preliminary round of the |
| 0:34.1 | FA Cup against MK Irish on Saturday, which was amazing. Also, very cool. We had two |
| 0:39.6 | Australian Bitcoiners, what Bitcoin did. Listeners listeners who come into the country they made the |
| 0:45.2 | pilgrimage to Bedford and came and watched the game which was amazing speaking of |
| 0:48.1 | which we're making the pilgrimage the other way round September 9 9th, Danny and I are going to be in Australia. We've got a |
| 0:55.4 | WBD live in Sydney with Nick Bartier, Willie Wu, Checkmate, Rusty Russell, and Dan Robert's |
| 1:01.0 | all on stage. It's going to be a banger if you in Australia |
| 1:03.7 | and you want to come out, you want to hang out, you want to come and see a live |
| 1:06.9 | what Bitcoin did, go and get yourself a ticket. It's what Bitcoin did.com and |
| 1:10.9 | click on WBD live. Anyway, welcome to the what did |
| 1:13.3 | Anyway, welcome to the What Bitcoin did podcast, which is brought to you by the Legends Iris Energy, the largest |
| 1:19.0 | NASDAQ listed Bitcoin miner using 100% renewable energy. I'm your host Peter McCormack and today I've |
| 1:25.2 | got everyone's favorite giant green chicken back on the show, The Amazing Domburg. |
| 1:29.8 | Now Domburg's becoming a regular on the show now. |
| 1:32.7 | I think find his analysis of almost anything, any weird stuff that's going on in the world, |
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