If Kroger and Albertson merged, we would lose 5/6 grocery stores in our area with all 6 available are Alberson and Kroger already. We would have lost big in our community. We only have 1 Walmart 15 miles away.
I agree with you! I think sometimes Scott doesn't realize there are different kinds of retail communities all over the country. Like you said, the city where live also doesn't have a Walmart. The majority of our grocery stores are owned by Albertsons or Kroger. Besides their stores, there are over-priced specialty markets where the cost to shop there regularly is out of most people's budgets, and, wait for it, Amazon's Whole Foods Markets. The problem is Amazon buying Wholefoods it what created this environment. The FTC should have never let that happen in the first place.
Ed, I appreciate that you tried to figure out how something quite complex works that's obviously not in your wheel house, but that must've been one of the worst explanations of quantum computing I've ever heard. No offense. No, quantum computers don't "calculate the probability" of the coin landing heads or tails and neither does their "computing power" increase exponentially per q-bit. Staying with your coin metaphor, let's say you want the coin to land heads up. Classical computing would be throwing the coin until it lands heads up. Quantum computing would be throwing the coin and manipulating it while it's in the air so that it has a higher chance to land heads up. This doesn't seem particularly useful with just one coin, but if you have 10 coins that need to land in a certain way then the classical computer will need to do a lot of throwing (2^10 times on average) until they all line up correctly, while the quantum computer just needs to manipulate each coin once while it's "in the air". With hundreds or thousands of coins it'd be basically impossible with a classical computer to get them all to line up and quite feasible with a quantum computer. So rather than exponential computing power, it can compute *certain problems* in linear time that a classical computer would need exponential time for. Quantum computers will never replace classical computers, that's not their purpose.
Also, the quip on how "classical encryption" works is laughable. And that he finds it "more interesting" than transforming humanity via healthcare applications of QC...
Unh uh. No Riyad for Ed!! You don't mix babysitting with getting trash'd and tearing up the whole scene .... It wouldn't be right to do that to Ed ?¯\_(ツ)_/¯
Delighted you two spend time overseas. I was stationed overseas over half my military career. Those experiences give one invaluable insight into the workings (and yes, largely juvenile duff-uses) in the US who live lives of extended adolescence. Made my mistakes, have my faults, but made damn sure my 3 18yo kids could walk & chew gum (cook, laundry, study, iron, read, vote, drive, & be functioning adults). Sometimes they detested me in the moment. Now they have teens-suddenly they love me (well mostly).
Quantum computers don't break bitcoin's proof of work - pre-image resistance of hash functions (which proof of work is based on) is not impacted that much by quantum computers (to be more technical, the security of SHA-256 goes from 256 bits to 128 bits with a quantum computer - which is still extremely good). Traditional online banking however relies on an algorithm called ECDH (elliptic curve diffie hellman) - this is totally broken with a quantum computer.
Dood. If they can’t figure this out for themselves then you’re not going to convince them (Satoshi said what?) Just laugh at the crass boomer-humor and accept that Scott is too ideological to be truly intellectually curious
Bitcoin can be cracked by quantum computers, but there are “post-quantum encryption algorithms” that aren’t susceptible. We just don’t really use them because they are more computationally expensive, and it doesn’t matter yet. We’ll probably see folks start switching over (starting with gov if they haven’t already).
@@chrism.1131 Fair, but that's a single use case. At the point in time where Bitcoin is cracked, Visa, Mastercard, Amex, Amazon, Paypal would be cracked. So I guess Bitcoin wouldn't be the biggest issue here.
I love the podcast, Scott and Ed are super smart and I ve learned a lot hearing them. But their takes on btc are lazy at the least, because obviously the actual banking infraestructure as we know it will we wiped in a nanosecond, way before quantum even tries anything on the blockchain
Loved what you all discussed on Soft Power as it relates to the olympic games and the world cup. The most pressing example I could think of that the Saudis could relate too are the 1992 games in Barcelona. The Games showed a renewed image of democratic Spain and projected Barcelona and the whole Spain to the world. Thanks to the Games, the city of Barcelona was completely transformed; it is thanks to the Olympics that the Barcelona of today is built.[6] All the venues are still active and the legacy of the 1992 Games was taken as an example for future Olympic events. The beautiful beaches you see now were filled with trash before the games. 20 years later every college kid in America that did a study abroad or a euro trip made sure to stop in Barcelona. I am sure that continues today
GLP1 for four months (June-October), off it now. Lost 50# (231-181). Current weight range 183-185 and holding as I built good habits. Happy with results .. definitely a case study / best case scenario. To your points: I willingly reduced afternoon / evening cocktails, from 3 x day to 3 x month plus a daily Bailey's & Coffee. I do not feel guilty when I want a cocktail, I just find myself enjoying them when it is more occasion-based, versus habit- or time-based. My weekly cocktail is now more of an event (not a reward), aligned with a time that makes sense, like a night out, or a destination.
5:23 600 stores would close causing greater food deserts and limiting price choice. I don't buy my groceries through Amazon because my area doesn't have that ability.
Albertsons (Jewel brand in Chicago) and Kroger's (Mariano's in Chicago) are like 90% of the grocery stores in Chicago area so it would be a virtual monopoly.....FYI there are no Walmart's in the city of Chicago
It may indeed reduce grocery prices but what it exacerbates is the food deserts in the neighborhoods most negatively impacted by lack of choice, competition or any real alternative shopping options. More large grocery stores means small independent grocers cannot compete.
Scott switching the issue to abortion rights in the US when talking about women's rights in Saudi Arabia gave me a whataboutism whiplash. I hope it's just bonesaw self-preservation that's doing the talking here and not an honest opinion.
I’m sorry but when you went “Honey, would you be willing to move to Riyadh” I cracked up 😂 That just made the proposition so absurd, no woman is going to want to move to Saudi Arabia short of certainty of becoming a multimillionaire
Restore enforcement of the Robinson-patman act. This whole debate around grocery store regulation, where only the biggest can survive because they can negotiate with scale, means that eventually every market will be a monopoly. The bigger you get, the better you can negotiate with suppliers, the more competition dies, your margin increases, and your suppliers suffer, too. In the short term this brought down prices for a couple of decades, but now it only means everyone loses except Walmart. When the Robinson patman act existed, wholesale prices were consistent and transparent no matter how big your company is. It's no coincidence that local groceries all died and Walmart moved in across the country right after Reagan stopped enforcing it.
I'm surprised by Scott and Eds take for the Albertsons- Kroger ruling. Both of those stores are most certainly grocery stores and are in a different class than Walmart and Amazon. If this went through then pretty much any company could argue that mergers are required to compete with the everything stores. Additionally, it is only the middle upper class folks who can afford online grocery shopping. It is simply not sustainable pricewise for the vast majority of people. More Americans are switching to Aldi and lidl for groceries and neither have an online presence.
The first time I heard about quantum computers potentially threatening Bitcoin's encryption was five or six years ago. At the time, there was a discussion among Bitcoin adopters, and the consensus was clear: while the threat is theoretically possible, it only becomes a real issue if the Bitcoin network fails to adapt. Solutions to counteract quantum computing threats already exist. These theoretical safeguards are well-known and can be implemented if the danger becomes imminent. Like in that earlier interview with Michael Saylor, the interviewers in this podcast once again failed to do their homework. They merely echoed a few mainstream media headlines, offering little more than surface-level commentary. It’s both frustrating and disappointing. On one hand, they have the capacity to truly understand Bitcoin, but on the other, they seem to deliberately avoid deeper analysis. Instead, they produce a podcast filled with shallow, throwaway knowledge, failing to hide their bias and inform the viewers correctly.
I have money in crypto, but not so much that I’d lose sleep if it went to 0.. maybe a little bit now because it’s grown. But don’t put anything you can’t afford losing
The argument on Albertsons is correct. They have it right, Blocking the acquisition is best for consumers and employees. First Walmart , Amazon and target are large scale general merchandise type formats that offer groceries at a value with lower selection. For that, its different then a traditional grocery store. If you look at both Albertsons and Kroger they have already have been buying the competition to hedge out the non union pressure. So it is true they will own the traditional supper market space which has a better perishable format. There goal is to own their format which by the way serve a smaller shopper radius and control the gross in that monopoly. The reports are out that Albertsons with the merger of Safeway have rose their gross 11%. The nonunion competitors like Walmart loves this because it allows them to do the same.
About quantum computing: in fertilizer production there is a very difficult to model process involved. Quantum computing is suited for modeling molecular processes and could reduce the energy required for fertilizer production. We obviously use a lot of fertilizer in our world.
First time I heard about Saudi hosting world cup.. it'll be on 2034 after 2030 North Africa and 2026 US Mexico Canada. I already forgot about 2022 Qatar World Cup tbh.
BTC was the first thing that came to mind when I read about the advancements in quantum chips. Any pathway that leads to BTC becoming untrustworthy is a problem today, not just in the future. This concern was discussed in cryptocurrency circles over five years ago when quantum computing was mostly theoretical. Now that it's becoming a reality, I’m struggling to see how BTC can maintain its status as a store of value. In the near future, we could face scenarios where private keys are reverse engineered, the mining process is disrupted, or double-spending becomes possible. While BTC could adapt to these threats, the real question is whether it can do so quickly enough and without compromising the decentralized structure that defines it. And how much would you bet that major global players, those who stand to benefit from Bitcoin’s decline or control, are already running cost/benefit analyses now that the pathway is becoming more tangible?
Tackled a tough issue in the World Cup in Saudi Arabia. Thought they handled it well and raised some interesting points of comparison vis a vis removal of a particular woman's right in the US vs the kingdom being on a more positive trajectory. Caused me to challenge some of my previous views.
Guys, for real, do some research on the real challenges quantum face. It's currently a grift. We'll get there, but it might take another 50 years. The problems around keeping the system stable get exponentially harder as you scale up qbits (the systems get exponentially more powerful too). I don't believe this, but there are very well qualified skeptics that say we won't ever solve for the stability problems to get to true quantum supremacy. IBM et al. are really really overselling quantum right now, it's a grift, just read into the subject you'll see, I was shocked.
Blocking the Kroger-Albertsons merger was a positive move for consumers. Kroger operates under various names, such as Harris Teeter in our area, often retaining local store names to maintain customer loyalty. Merging these two major grocery chains could have reduced competition, leading to higher prices and fewer choices for shoppers. Kroger's main competitors are retailers like Publix, Aldi, and Walmart, not Amazon. Allowing this merger might have harmed the competitive landscape in the grocery sector, negatively impacting consumers.
The security risks are pretty significant for government and business as well as the huge potent benefits. A great book on the positives and minor discussion of the risks is called quantum supremacy by Michio Kaku. I think crypto as it is will have to pivot or die in the not so distant future. IMO
If the two of you have ever traveled outside of the United States, especially to Asia, where nobody does drugs unless they want to go to prison, you'll know that the alcoholic beverage industry has billions of potentially new customers overseas. Just like tobacco when everybody thought they were going tofall apart when smoking rates in the US declined.
Blocking Albertsons and Kroger was a good move. I shop there, and their prices are higher than at other places. That said, it’s okay-we don’t have to agree on everything. Different perspectives are healthy. P.S. Pay Ed more.
The embrace of wonder drugs rings a dystopian chord for this viewer. Soma, Oxy, Brave New Worlds of health? Thank you pharmaceutical industry for all your good works.
Drinks industry isn’t resonating with young people because they are on social media and in video games which traditionally don’t have as strong an alcohol consumption presence for varying reasons.
The power of quantum computing, in one sense, is its ability to consider multiple possibilities simultaneously. That is to say the way it was explained here is incorrect. Because a qubit can "be" in the zero and one state (for example) at the same time (superposition), it can compute what it means for that "qubit" to be either possibility _at the same time_. You get in one operation of a quantum computer what would take many operations for a classical computer. That's a messy explanation, but I think it gets the point across better. And, by the way, classical computers DO increase power exponentially with each bit: you get twice as many possibilities as you add each bit. Just as you get ten times as many possibilities with each digit you add to the numbers we typically use in everyday transactions (base-ten numbers). Two digits can express ten times as many numbers as one digit, but they can express only one-tenth as many as a three-digit numeral. Exponential growth is why we use positional number systems; they have exponential expressive power by design. It took geniuses of past millennia to realize this and formalize it.... Remember: the "invention" of zero was once derided as heretical just as was the idea that the earth circles the sun.....
Guys. You got your cryptography around quantum computers wrong. Not totally but quite a bit. Happy to clarify for you. Reach out. I'm a fan so for you free.
@@swphilosophy3040 Who would ever like this as entertainment? Think they try to be correct but sometimes failed. If I'm wrong, I will immediately unsubscribe and watch some proper entertainment :-)
The cope levels are incredible around Bitcoin. Fudding an asset bc you missed it VS embracing an asset bc you made money off it, is an interesting thought to explore. The difference between these two is Scott acknowledged it and asked “why would I be incredibly happy if Bitcoin failed?” bc he missed it and he’s aware of that. Arguably the largest missed opportunity of his life..I get it. Keep it up gentleman! 🖤⚡️
bidding on WorldCup or the Olympics is becoming too expensive for most host countries, to the point that most countries would rather not invest in the games. Instead of France and the US competing against each other to host the last summer olympic games the Olympic committee decided to offer the games to France and the USA and by-pass the entire bidding process.
The bottom line is that even here, money talks and principles don't count. Principles and morals just get in the way of business & pleasure. Most people predominantly exclusively act out of personal benefit and convenience. People Will go to the Saudi World Cup in spite of the most flagrant display of corruption ever by FIFA, & the shameful abuse of power and human rights in Saudi. Why, because people in the main do not stand on principles, and morals are waay negotiable. There's always the yeees, buuut apologists. Heyy, there's a new loophole we can pick and make a shitload of money in North Korea. Come on give'em a chance, it's not that bad. As with Trump and his cronies in the land of Idiocracy, lets reward corruption, criminality, shameless immorality and the flagrant abuse of power, as long as there's a presumed buck in it for us.
IONQ has more stable qubits than Google, which reduces the wasting of qubits on error correction. They will need thousands or millions of qubits before the technology is practical for modeling molecules.
Here's how to frame the case for antitrust most effectively imho: Are supermarkets already violating antitrust routinely for a decade? The answer is yes, but only with processed foods, local farmers, inflation, personal customer data harvesting, lobbying, and recently politically motivated; given how most voters chose a candidate in Nov based on a pretense of high grocery pricing. The financial data showed their profit outpaced inflation. Everything about Kroger today suggests they're already violating antitrust, so absolutely it's a no-brainer to pump the breaks on M&A with all those investigations currently underway. I'm surprised anyone would think that would've been a good idea, kinda like giving Intel subsidies or lifetime appointments to SCOTUS. It's a big deal and matters materially for the whole population, an issue they voted on it means so much to them, and there's ongoing concerns of price gouging during a pandemic... Why on earth would that merger be granted approval right now?
There's just not many real world problems that can take advantage of the main optimization (QFT being exponentially cheaper than FFT) in quantum computers
If/when quantum computing can break cryptography say goodbye to most of the internet you know and love. Better remember how to fill out a check and find a bank branch near you.
GLP-1, no experience, no need; but the wineries in CA are pulling up acres of vines due to low sales. Funny how wine prices haven't budged. About 1.5 years ago went on my first commercial cruise. The alcoholics in the 'drinking pit' were eye opening - that's who buys the unlimited drink package. Think you're correct-the booze industry is going the way of cable TV. Yet our biology evolved with alcohol at low levels because often drinking water was sickening or fatal.
I think the role of GLP-1 is exaggerated. I am on Wegovy. I loved a Friday evening beer (with friends or even alone watching a movie) after a hard week of work. After GLP-1 - I still do it and feel exactly the same "oooh this hit the spot". I just don't drink a lot because all my friends are intellectuals and fitness enthusiasts so I just don't have the ritual of wasting my money in a bar. And I grew up with an alcoholic father, which should have given me a "head start" on abusing alcohol - or maybe it's the reason I avoid it - but anyway it didn't stick. My statement is (as vague and dubious as it sounds): Young people just have lots of other things to tickle their fancy and alcohol dropped as it's a generally bad (and expensive) feeling and "not cool".
FIFA's leader rigged the bid. You can't bid if your continent hosted the last 2 world cups. So North America is out, and the next world cup hosted by Spain but in includes Marocco so Africa is out, and one South American country too. That just left Australia to put together a crash bid. Be sure the take G1LP, don't expect any drinks in the kingdom.
Now MY IDEA (of course, a much, much better one, that goes without saying) is perhaps something to indicate market fluctuation with a bit more granularity?
Difference?! It's capital! MONEY-it all looks the same! (Sigh) Smh aye aye aye! Keep, pluggin away, bud..? Back to the drawing board; better luck next time?
Something about the way Scott talks about Saudi Arabia (always on brand as "The Kingdom") just doesn't pass the smell test. His willingness to cruise past the dismemberment of an American journalist doesn't square with his chest thumping patriotism in almost any other context. It's just weird.
But even Edward Lorenz, "founder" of chaos mathematics said that just because you can plot the location and velocity and direction of every drop of water on the crest of a crashing wave doesn't mean that you should. Let's reign in this quantitative neurosis already... it's unhealthy for humans in every practical context!
In the near term, "quantum" won't get hyped the same way AI has. The gas on the fire of AI is that it's software. Any fool can grab some software or pay some unemployed hack to write code; it doesn't need to be good, it doesn't even need to work in order to claim that you're "working on" AI. The quantum stuff is hardware, and--so far--is HIGHLY SPECIALIZED hardware, ie. coolant, superconductors, etc. The barrier to entry into the "claim you're working on quantum" club is MUCH higher.
Hey fellas, if quantum hacks BTC you simply roll back the blockchain (soft fork), and switch to quantum proof hash. But don’t worry about your bank accounts. Those will be definitely be safe
If you’re going to throw jabs at Elon, time and time again, you have to give in-depth explanations as to why you either don’t like him personally or his business activity.
Why the Elon hate. I'm no Elon sycophant but the guy is rich on paper as a result of creating a company that offers a product to the world and has changed the car industry. If the market drives the price of his stock up how is that a threat? Huang and Su as an example have both gotten similarly wealthy in a short period from the AI boom and no demonising of these individuals. The podcast is always much better when you two rich individuals stick to the what you know vs hating on an individual who's richer than you
Scott you don't shop at grocery stores. You have absolutely no clue what you are talking about when it comes to this segment at all. The fact that you think Amazon is their competition is absolutely laughable.
Hmmph 😤 Well, _he_ may think that, like he says, "..Saudi Arabia is way better than America in all respects..." *But, i, strongly, disagree with Scott Galloway, who said that.* I happen to still like the good ol' US of A , call me old fashioned? (Sniff. Ahem)
That's the point... Anybody with 400 billion, especially with risks of mental and drug problems is a dangerous because of their politics. They can afford to buy , break distort the field according to their delusional opinions. You like him today. Maybe he gets a new girlfriend and weed dealer next week and you and your company become the enemy and he screws you... Individuals are subject to irrational and narcissistic swings. Institutions not so much...
@@AlexHawker761 nope if he was democratic leaning like he was , there'd be a fox news program turning him into the new Soros conspiracy (since Trump just hired Soros banker, I guess there's a conspiracy vacancy, lol)... That's the point. He could fu$# anybody he wants because he feels like it. And he will.
Quantum computing use cases: 1) Simulations for massive therapy (Molecular level) development--diagnostics, treatment and maintenance designed at the individual / personal level. 2) Objective Global politics / War planning / simulation (Resource deployment, supply chain, consequences, maintenance). 3) Space security; simulations, resource planning and execution on space object treats (incoming meteors, etc..) 4) Global resource allocation (food / water access and deployment)
Thanks for calling out Meta. All the Trumpers I know are on Facebook all the time, mostly older but young, also. If I talk to them for any amount of time, it seems they have to show me a meme or video from facebook.
If Kroger and Albertson merged, we would lose 5/6 grocery stores in our area with all 6 available are Alberson and Kroger already. We would have lost big in our community. We only have 1 Walmart 15 miles away.
Thanks, knew Lina SEC wasn't just about shareholders. She and her colleagues will be missed at SEC.
I agree with you! I think sometimes Scott doesn't realize there are different kinds of retail communities all over the country. Like you said, the city where live also doesn't have a Walmart. The majority of our grocery stores are owned by Albertsons or Kroger. Besides their stores, there are over-priced specialty markets where the cost to shop there regularly is out of most people's budgets, and, wait for it, Amazon's Whole Foods Markets.
The problem is Amazon buying Wholefoods it what created this environment. The FTC should have never let that happen in the first place.
Ed, I appreciate that you tried to figure out how something quite complex works that's obviously not in your wheel house, but that must've been one of the worst explanations of quantum computing I've ever heard. No offense.
No, quantum computers don't "calculate the probability" of the coin landing heads or tails and neither does their "computing power" increase exponentially per q-bit. Staying with your coin metaphor, let's say you want the coin to land heads up. Classical computing would be throwing the coin until it lands heads up. Quantum computing would be throwing the coin and manipulating it while it's in the air so that it has a higher chance to land heads up. This doesn't seem particularly useful with just one coin, but if you have 10 coins that need to land in a certain way then the classical computer will need to do a lot of throwing (2^10 times on average) until they all line up correctly, while the quantum computer just needs to manipulate each coin once while it's "in the air". With hundreds or thousands of coins it'd be basically impossible with a classical computer to get them all to line up and quite feasible with a quantum computer. So rather than exponential computing power, it can compute *certain problems* in linear time that a classical computer would need exponential time for. Quantum computers will never replace classical computers, that's not their purpose.
Damn these bot replies are getting hella good! ❤
Thank you
Hahahaha tell him.
Also, the quip on how "classical encryption" works is laughable. And that he finds it "more interesting" than transforming humanity via healthcare applications of QC...
Key item in bold “certain problems”. Some of these problems do have very useful and consequential applications
Geez, you can tell Ed is the one doing the homework here. Take him to Riyadh!
agree! That was unkind!
Unh uh. No Riyad for Ed!! You don't mix babysitting with getting trash'd and tearing up the whole scene .... It wouldn't be right to do that to Ed ?¯\_(ツ)_/¯
The stat I saw, and this was decades ago, is that 30% of beer drinkers drink 80% of the beer consumed.
I was thinking it's probably around the 80/20 rule.
Delighted you two spend time overseas. I was stationed overseas over half my military career. Those experiences give one invaluable insight into the workings (and yes, largely juvenile duff-uses) in the US who live lives of extended adolescence. Made my mistakes, have my faults, but made damn sure my 3 18yo kids could walk & chew gum (cook, laundry, study, iron, read, vote, drive, & be functioning adults). Sometimes they detested me in the moment. Now they have teens-suddenly they love me (well mostly).
Quantum computers don't break bitcoin's proof of work - pre-image resistance of hash functions (which proof of work is based on) is not impacted that much by quantum computers (to be more technical, the security of SHA-256 goes from 256 bits to 128 bits with a quantum computer - which is still extremely good).
Traditional online banking however relies on an algorithm called ECDH (elliptic curve diffie hellman) - this is totally broken with a quantum computer.
Dood. If they can’t figure this out for themselves then you’re not going to convince them (Satoshi said what?)
Just laugh at the crass boomer-humor and accept that Scott is too ideological to be truly intellectually curious
ECDH is the security on basically everything on the internet right now tbh
Bitcoin can be cracked by quantum computers, but there are “post-quantum encryption algorithms” that aren’t susceptible. We just don’t really use them because they are more computationally expensive, and it doesn’t matter yet. We’ll probably see folks start switching over (starting with gov if they haven’t already).
scott galloway when thinking about saudia arabia: 🤑🤑🤑
Good
If you are concerned with Quantum Computers cracking bitcoin security, shouldn't we be concerned with it cracking traditional online banking?
You are 100% correct… That still does not prevent bitcoin from going to zero. Also, banks are FDIC insured.
@@chrism.1131 Fair, but that's a single use case. At the point in time where Bitcoin is cracked, Visa, Mastercard, Amex, Amazon, Paypal would be cracked. So I guess Bitcoin wouldn't be the biggest issue here.
@@chrism.1131 the FDIC only insures your bank’s account up to 250K, the rest is worth forgetting about
I love the podcast, Scott and Ed are super smart and I ve learned a lot hearing them. But their takes on btc are lazy at the least, because obviously the actual banking infraestructure as we know it will we wiped in a nanosecond, way before quantum even tries anything on the blockchain
Loved what you all discussed on Soft Power as it relates to the olympic games and the world cup. The most pressing example I could think of that the Saudis could relate too are the 1992 games in Barcelona. The Games showed a renewed image of democratic Spain and projected Barcelona and the whole Spain to the world. Thanks to the Games, the city of Barcelona was completely transformed; it is thanks to the Olympics that the Barcelona of today is built.[6] All the venues are still active and the legacy of the 1992 Games was taken as an example for future Olympic events. The beautiful beaches you see now were filled with trash before the games. 20 years later every college kid in America that did a study abroad or a euro trip made sure to stop in Barcelona. I am sure that continues today
GLP1 for four months (June-October), off it now. Lost 50# (231-181). Current weight range 183-185 and holding as I built good habits. Happy with results .. definitely a case study / best case scenario. To your points: I willingly reduced afternoon / evening cocktails, from 3 x day to 3 x month plus a daily Bailey's & Coffee. I do not feel guilty when I want a cocktail, I just find myself enjoying them when it is more occasion-based, versus habit- or time-based. My weekly cocktail is now more of an event (not a reward), aligned with a time that makes sense, like a night out, or a destination.
Which drug? Zepbound or Wegovy?
@@_rmw Wegovy. 0.25 x 4, 0.5 x 4, 1.00 x 4, then tapered off over eight weeks. Expensive, but very happy with the results. YMMV.
@@_rmw wegovy, starting at 0.25 and ramped to 1.0 before tapering off.
5:23 600 stores would close causing greater food deserts and limiting price choice. I don't buy my groceries through Amazon because my area doesn't have that ability.
Albertsons has already been run out of my town. SEC Lina wrong on this merger. Profit margins are what 2-3%?.
You don't get USPS service? Mail? If so you can order through Amazon and select a pick up point.
No price can be put on freedom -- no one will move to Saudi Arabia from a free society like the West Coast of the USA
Money compromises everything
Albertsons (Jewel brand in Chicago) and Kroger's (Mariano's in Chicago) are like 90% of the grocery stores in Chicago area so it would be a virtual monopoly.....FYI there are no Walmart's in the city of Chicago
He doesn't shop at grocery stores he has no clue what he is talking about.
It may indeed reduce grocery prices but what it exacerbates is the food deserts in the neighborhoods most negatively impacted by lack of choice, competition or any real alternative shopping options. More large grocery stores means small independent grocers cannot compete.
Scott switching the issue to abortion rights in the US when talking about women's rights in Saudi Arabia gave me a whataboutism whiplash. I hope it's just bonesaw self-preservation that's doing the talking here and not an honest opinion.
Kroger/Albertsons would have been a disaster for us Chicago city residents. We would have lost all significant competition.
I’m sorry but when you went “Honey, would you be willing to move to Riyadh” I cracked up 😂 That just made the proposition so absurd, no woman is going to want to move to Saudi Arabia short of certainty of becoming a multimillionaire
Restore enforcement of the Robinson-patman act.
This whole debate around grocery store regulation, where only the biggest can survive because they can negotiate with scale, means that eventually every market will be a monopoly. The bigger you get, the better you can negotiate with suppliers, the more competition dies, your margin increases, and your suppliers suffer, too. In the short term this brought down prices for a couple of decades, but now it only means everyone loses except Walmart.
When the Robinson patman act existed, wholesale prices were consistent and transparent no matter how big your company is. It's no coincidence that local groceries all died and Walmart moved in across the country right after Reagan stopped enforcing it.
I'm surprised by Scott and Eds take for the Albertsons- Kroger ruling. Both of those stores are most certainly grocery stores and are in a different class than Walmart and Amazon. If this went through then pretty much any company could argue that mergers are required to compete with the everything stores. Additionally, it is only the middle upper class folks who can afford online grocery shopping. It is simply not sustainable pricewise for the vast majority of people. More Americans are switching to Aldi and lidl for groceries and neither have an online presence.
The first time I heard about quantum computers potentially threatening Bitcoin's encryption was five or six years ago. At the time, there was a discussion among Bitcoin adopters, and the consensus was clear: while the threat is theoretically possible, it only becomes a real issue if the Bitcoin network fails to adapt. Solutions to counteract quantum computing threats already exist. These theoretical safeguards are well-known and can be implemented if the danger becomes imminent.
Like in that earlier interview with Michael Saylor, the interviewers in this podcast once again failed to do their homework. They merely echoed a few mainstream media headlines, offering little more than surface-level commentary. It’s both frustrating and disappointing. On one hand, they have the capacity to truly understand Bitcoin, but on the other, they seem to deliberately avoid deeper analysis. Instead, they produce a podcast filled with shallow, throwaway knowledge, failing to hide their bias and inform the viewers correctly.
I love the younger guy!!! He's really good and smart. Amazing guy.
Just because you two are no coiners dosent mean you should be happy that people lost money
I have money in crypto, but not so much that I’d lose sleep if it went to 0.. maybe a little bit now because it’s grown. But don’t put anything you can’t afford losing
Usually good, but Ed should stay away from analogies about how quantum computing works
Explain it to us simply
It was a good layman's explanation. Im sure you would lose 99.999% of the audience with a more mathematically correct explanation.
The supermarket / retailer discussion was really interesting
The argument on Albertsons is correct. They have it right, Blocking the acquisition is best for consumers and employees. First Walmart , Amazon and target are large scale general merchandise type formats that offer groceries at a value with lower selection. For that, its different then a traditional grocery store. If you look at both Albertsons and Kroger they have already have been buying the competition to hedge out the non union pressure. So it is true they will own the traditional supper market space which has a better perishable format. There goal is to own their format which by the way serve a smaller shopper radius and control the gross in that monopoly. The reports are out that Albertsons with the merger of Safeway have rose their gross 11%. The nonunion competitors like Walmart loves this because it allows them to do the same.
About quantum computing: in fertilizer production there is a very difficult to model process involved. Quantum computing is suited for modeling molecular processes and could reduce the energy required for fertilizer production. We obviously use a lot of fertilizer in our world.
First time I heard about Saudi hosting world cup.. it'll be on 2034 after 2030 North Africa and 2026 US Mexico Canada. I already forgot about 2022 Qatar World Cup tbh.
BTC was the first thing that came to mind when I read about the advancements in quantum chips. Any pathway that leads to BTC becoming untrustworthy is a problem today, not just in the future. This concern was discussed in cryptocurrency circles over five years ago when quantum computing was mostly theoretical. Now that it's becoming a reality, I’m struggling to see how BTC can maintain its status as a store of value. In the near future, we could face scenarios where private keys are reverse engineered, the mining process is disrupted, or double-spending becomes possible.
While BTC could adapt to these threats, the real question is whether it can do so quickly enough and without compromising the decentralized structure that defines it. And how much would you bet that major global players, those who stand to benefit from Bitcoin’s decline or control, are already running cost/benefit analyses now that the pathway is becoming more tangible?
Quality episode once again, but no “whoosh” effect when you return from ads? Unbelievable :)
Tackled a tough issue in the World Cup in Saudi Arabia. Thought they handled it well and raised some interesting points of comparison vis a vis removal of a particular woman's right in the US vs the kingdom being on a more positive trajectory. Caused me to challenge some of my previous views.
25:40 sound effects where so on point… we just needed some simultaneous equations appearing in the video as well 😂
Guys, for real, do some research on the real challenges quantum face. It's currently a grift. We'll get there, but it might take another 50 years. The problems around keeping the system stable get exponentially harder as you scale up qbits (the systems get exponentially more powerful too). I don't believe this, but there are very well qualified skeptics that say we won't ever solve for the stability problems to get to true quantum supremacy. IBM et al. are really really overselling quantum right now, it's a grift, just read into the subject you'll see, I was shocked.
One of the most interesting videocasts that you guys have made, thanks!
I am going to Qatar. Professor G is right. It's an investment.
BP 112 / 70, resting pulse 47, age 66. It's crazy stuff.
Very, very good episode. nuff said.
Blocking the Kroger-Albertsons merger was a positive move for consumers. Kroger operates under various names, such as Harris Teeter in our area, often retaining local store names to maintain customer loyalty. Merging these two major grocery chains could have reduced competition, leading to higher prices and fewer choices for shoppers. Kroger's main competitors are retailers like Publix, Aldi, and Walmart, not Amazon. Allowing this merger might have harmed the competitive landscape in the grocery sector, negatively impacting consumers.
The security risks are pretty significant for government and business as well as the huge potent benefits. A great book on the positives and minor discussion of the risks is called quantum supremacy by Michio Kaku. I think crypto as it is will have to pivot or die in the not so distant future. IMO
If the two of you have ever traveled outside of the United States, especially to Asia, where nobody does drugs unless they want to go to prison, you'll know that the alcoholic beverage industry has billions of potentially new customers overseas. Just like tobacco when everybody thought they were going tofall apart when smoking rates in the US declined.
I say it again. Alcohol is not dangerous. My doctor said more than 70% of alcohol deaths are caused by suicide or accidents.
Because of alcohol doofus.
Blocking Albertsons and Kroger was a good move. I shop there, and their prices are higher than at other places. That said, it’s okay-we don’t have to agree on everything. Different perspectives are healthy.
P.S. Pay Ed more.
The embrace of wonder drugs rings a dystopian chord for this viewer. Soma, Oxy, Brave New Worlds of health? Thank you pharmaceutical industry for all your good works.
Drinks industry isn’t resonating with young people because they are on social media and in video games which traditionally don’t have as strong an alcohol consumption presence for varying reasons.
The power of quantum computing, in one sense, is its ability to consider multiple possibilities simultaneously. That is to say the way it was explained here is incorrect. Because a qubit can "be" in the zero and one state (for example) at the same time (superposition), it can compute what it means for that "qubit" to be either possibility _at the same time_. You get in one operation of a quantum computer what would take many operations for a classical computer. That's a messy explanation, but I think it gets the point across better. And, by the way, classical computers DO increase power exponentially with each bit: you get twice as many possibilities as you add each bit. Just as you get ten times as many possibilities with each digit you add to the numbers we typically use in everyday transactions (base-ten numbers). Two digits can express ten times as many numbers as one digit, but they can express only one-tenth as many as a three-digit numeral. Exponential growth is why we use positional number systems; they have exponential expressive power by design. It took geniuses of past millennia to realize this and formalize it.... Remember: the "invention" of zero was once derided as heretical just as was the idea that the earth circles the sun.....
so a Brit in New York and an American in Britain? Would be cool to watch this being done in the same room!
FIFA doesn't hide the fact it's corrupt. Sure, it pretends it's not, but who it awards hosting to speaks the true truth.
Guys. You got your cryptography around quantum computers wrong. Not totally but quite a bit. Happy to clarify for you. Reach out. I'm a fan so for you free.
They're wrong about loads. Week after week, but they aren't interested in being right, they're here to entertain. Enjoy it for what it is.
@@swphilosophy3040 Who would ever like this as entertainment? Think they try to be correct but sometimes failed. If I'm wrong, I will immediately unsubscribe and watch some proper entertainment :-)
The cope levels are incredible around Bitcoin. Fudding an asset bc you missed it VS embracing an asset bc you made money off it, is an interesting thought to explore.
The difference between these two is Scott acknowledged it and asked “why would I be incredibly happy if Bitcoin failed?” bc he missed it and he’s aware of that. Arguably the largest missed opportunity of his life..I get it.
Keep it up gentleman! 🖤⚡️
bidding on WorldCup or the Olympics is becoming too expensive for most host countries, to the point that most countries would rather not invest in the games. Instead of France and the US competing against each other to host the last summer olympic games the Olympic committee decided to offer the games to France and the USA and by-pass the entire bidding process.
The bottom line is that even here, money talks and principles don't count. Principles and morals just get in the way of business & pleasure. Most people predominantly exclusively act out of personal benefit and convenience. People Will go to the Saudi World Cup in spite of the most flagrant display of corruption ever by FIFA, & the shameful abuse of power and human rights in Saudi. Why, because people in the main do not stand on principles, and morals are waay negotiable. There's always the yeees, buuut apologists.
Heyy, there's a new loophole we can pick and make a shitload of money in North Korea. Come on give'em a chance, it's not that bad.
As with Trump and his cronies in the land of Idiocracy, lets reward corruption, criminality, shameless immorality and the flagrant abuse of power, as long as there's a presumed buck in it for us.
IONQ has more stable qubits than Google, which reduces the wasting of qubits on error correction. They will need thousands or millions of qubits before the technology is practical for modeling molecules.
Flipped coin analogy great! Don't know how correct it is but at least it makes sense!!
Here's how to frame the case for antitrust most effectively imho:
Are supermarkets already violating antitrust routinely for a decade?
The answer is yes, but only with processed foods, local farmers, inflation, personal customer data harvesting, lobbying, and recently politically motivated; given how most voters chose a candidate in Nov based on a pretense of high grocery pricing. The financial data showed their profit outpaced inflation.
Everything about Kroger today suggests they're already violating antitrust, so absolutely it's a no-brainer to pump the breaks on M&A with all those investigations currently underway. I'm surprised anyone would think that would've been a good idea, kinda like giving Intel subsidies or lifetime appointments to SCOTUS.
It's a big deal and matters materially for the whole population, an issue they voted on it means so much to them, and there's ongoing concerns of price gouging during a pandemic... Why on earth would that merger be granted approval right now?
Tolerance is defined by listening to Scott, a fellow Angeleno kid, and not breaking my devices. At least he is not Stephen Miller material.
the real thread in the grocery retail market is Aldi.
Yep. I love Aldi many do.
There's just not many real world problems that can take advantage of the main optimization (QFT being exponentially cheaper than FFT) in quantum computers
Only a few companies can actually afford to build a legit quantum lab. But yeah, this is quantum hype part 2 or 3 or 4?? I forget.
If/when quantum computing can break cryptography say goodbye to most of the internet you know and love. Better remember how to fill out a check and find a bank branch near you.
If the quantum stuff worked out, BTC is going to be the least of your worries. Encryption is all over the internet. Your schadenfreude is showing.
GLP-1, no experience, no need; but the wineries in CA are pulling up acres of vines due to low sales. Funny how wine prices haven't budged. About 1.5 years ago went on my first commercial cruise. The alcoholics in the 'drinking pit' were eye opening - that's who buys the unlimited drink package. Think you're correct-the booze industry is going the way of cable TV. Yet our biology evolved with alcohol at low levels because often drinking water was sickening or fatal.
I think the role of GLP-1 is exaggerated. I am on Wegovy. I loved a Friday evening beer (with friends or even alone watching a movie) after a hard week of work.
After GLP-1 - I still do it and feel exactly the same "oooh this hit the spot".
I just don't drink a lot because all my friends are intellectuals and fitness enthusiasts so I just don't have the ritual of wasting my money in a bar.
And I grew up with an alcoholic father, which should have given me a "head start" on abusing alcohol - or maybe it's the reason I avoid it - but anyway it didn't stick.
My statement is (as vague and dubious as it sounds): Young people just have lots of other things to tickle their fancy and alcohol dropped as it's a generally bad (and expensive) feeling and "not cool".
FIFA's leader rigged the bid. You can't bid if your continent hosted the last 2 world cups. So North America is out, and the next world cup hosted by Spain but in includes Marocco so Africa is out, and one South American country too. That just left Australia to put together a crash bid.
Be sure the take G1LP, don't expect any drinks in the kingdom.
When Saudi allows alcohol, then they become the next Dubai.
Scott saying “it’s coming home” is his worst take of all time lmao
That take on the alcohol industry has to be the stupidest thing Ed Elson has ever said.
You'll drink alone, with nobody else.
I was waiting for the rimshot and "Gotcha" after your opening...
The Athletic did a full on podcast about the WC in Saudi Arabia. They need more income than oil. The WC is their gateway.
whoever does the animations should include the values and amount of change on the market recap at the start. Just the arrow doesnt communicate as much
Well that's silly to include every last cent in the damn market!? Who cares about the change!?
@@ttacking change as in difference of. not as in loose change
Now MY IDEA (of course, a much, much better one, that goes without saying) is perhaps something to indicate market fluctuation with a bit more granularity?
Difference?! It's capital! MONEY-it all looks the same! (Sigh) Smh aye aye aye! Keep, pluggin away, bud..? Back to the drawing board; better luck next time?
A great brand is priceless. But I’m not sure SA can buy their way into one anytime soon.
England are the Chicago Cubs of football
Something about the way Scott talks about Saudi Arabia (always on brand as "The Kingdom") just doesn't pass the smell test. His willingness to cruise past the dismemberment of an American journalist doesn't square with his chest thumping patriotism in almost any other context. It's just weird.
Did Scott just hallucinate his fantasy when describing the clothed bowman being some buff ripped shirtless guy?
looooool
Ed’s disposition towards branding seems like a bean counters approach. He wants to quantify human feelings and know the exact ROI of his dollar spend.
He's still young. He might get there. I doubt it, but he deserves time
But even Edward Lorenz, "founder" of chaos mathematics said that just because you can plot the location and velocity and direction of every drop of water on the crest of a crashing wave doesn't mean that you should.
Let's reign in this quantitative neurosis already... it's unhealthy for humans in every practical context!
When will GLP1 drugs actually be affordable for most folks? Seems like that's way off, just judging by how BigPharma likes things to go
The irony: Elon Musk's 400 billion is dangerous but Saudis trillions is not🤡
Ironic you say 😅?
Moronic statement is more like it.
are you slow? one is a nation and one is an individual
Scott lost his mind to woke mind virus! Why doesn’t he give up his net worth?
@@BkLyNAce1 but that wealth is in the hands of a small group of people 🤷🏻♂️
Theres no way prof buys groceries
In the near term, "quantum" won't get hyped the same way AI has. The gas on the fire of AI is that it's software. Any fool can grab some software or pay some unemployed hack to write code; it doesn't need to be good, it doesn't even need to work in order to claim that you're "working on" AI. The quantum stuff is hardware, and--so far--is HIGHLY SPECIALIZED hardware, ie. coolant, superconductors, etc. The barrier to entry into the "claim you're working on quantum" club is MUCH higher.
STZ is triple screwed, GLP-1, Gen Z not drinking, and Trump tariffs on Mexico. Not to mention shitty acquisitions (see Ballast Point)
Good Scott.
Hey fellas, if quantum hacks BTC you simply roll back the blockchain (soft fork), and switch to quantum proof hash. But don’t worry about your bank accounts. Those will be definitely be safe
Won't just be Bitcoin that's fucked. The entire economic system relies on encryption. Would be a civilization ending.
If you’re going to throw jabs at Elon, time and time again, you have to give in-depth explanations as to why you either don’t like him personally or his business activity.
Will Saudi Arabia hosting the World Cup mean that legal alcohol sales in the Kingdom are going to happen?
That’s a no.
Why the Elon hate. I'm no Elon sycophant but the guy is rich on paper as a result of creating a company that offers a product to the world and has changed the car industry. If the market drives the price of his stock up how is that a threat? Huang and Su as an example have both gotten similarly wealthy in a short period from the AI boom and no demonising of these individuals. The podcast is always much better when you two rich individuals stick to the what you know vs hating on an individual who's richer than you
Lets go Rigetti!!
What is regetti?
💰👍
EDS is real.
Love for Ed Eleson shall not be questioned!!!
cute...wink for you too.
Elon FTW!!!!
Scott you don't shop at grocery stores. You have absolutely no clue what you are talking about when it comes to this segment at all. The fact that you think Amazon is their competition is absolutely laughable.
Hmmph 😤 Well, _he_ may think that, like he says, "..Saudi Arabia is way better than America in all respects..."
*But, i, strongly, disagree with Scott Galloway, who said that.* I happen to still like the good ol' US of A , call me old fashioned? (Sniff. Ahem)
You only care about Elons worth because you disagree with him politically
That's the point... Anybody with 400 billion, especially with risks of mental and drug problems is a dangerous because of their politics. They can afford to buy , break distort the field according to their delusional opinions. You like him today. Maybe he gets a new girlfriend and weed dealer next week and you and your company become the enemy and he screws you... Individuals are subject to irrational and narcissistic swings. Institutions not so much...
How do you state the point and also miss it 😂
@@jimmyolsenband and you 🫵 guys disagree with Elon today. The point? If Elon was in the democrat party camp and was the richest man? Crickets.
@@Rudzani hopefully,,? - succinctly.
@@AlexHawker761 nope if he was democratic leaning like he was , there'd be a fox news program turning him into the new Soros conspiracy (since Trump just hired Soros banker, I guess there's a conspiracy vacancy, lol)... That's the point. He could fu$# anybody he wants because he feels like it. And he will.
Alright, big booze better fight back with more alcohol 💪 27,eh...? A _numbers_ guy, huh? Well, i salute you.
🫡 While shredding a solo
🎸💥🎵🎶🎵
Power corrupts and absolute power corrupts absolutely
Calgary 1988 Winter Olympics also made money.
Scott pounds 6 to 8 drinks on occasion? WTF!?!
*Discusses a technological leap for his speces.
*Comments how is this going to make profit?
Quantum computing use cases: 1) Simulations for massive therapy (Molecular level) development--diagnostics, treatment and maintenance designed at the individual / personal level. 2) Objective Global politics / War planning / simulation (Resource deployment, supply chain, consequences, maintenance). 3) Space security; simulations, resource planning and execution on space object treats (incoming meteors, etc..) 4) Global resource allocation (food / water access and deployment)
global resource allocation is easy:
Nukes > Large army > Hungry
You don't need a QC for that!
You missed climate projections.
Waiting for some women to talk about how amazing Saudi Arabia and Dubai is....I only hear from dude bros who say it's awesome.....
Thanks for calling out Meta. All the Trumpers I know are on Facebook all the time, mostly older but young, also. If I talk to them for any amount of time, it seems they have to show me a meme or video from facebook.