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b'My guest this week is Albert Wenger, a managing partner at Union Square Ventures and the author of the book World After Capital.\\n Albert studied economics at Harvard and earned a PhD in information from technology, but if you\\u2019d asked me to guess before looking those up, I\\u2019d have guessed that he studied philosophy because of how widely he has thought about the world and the impact of technology.\\n Our conversation is about how technology is changing the world from an Industrial Age to a knowledge age. We explore how cryptocurrencies, low cost computing, and regulation will impact our future and why the transition may require delicate care.\\n I loved this conversation because of my obsession with the concept of scarcity. We explore what has been scarce through time and what may be scarce in the future. Albert is one of the most interesting thinkers I\\u2019ve come across and was a pleasure to speak with. I hope you enjoy our conversation.\\n Hash Power is presented by Fidelity Investments\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Links Referenced\\n World After Capital\\n Show Notes\\n 2:16 \\u2013 (First Question) \\u2013 \\xa0Defining what it means to be human\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 2:58 \\u2013 World After Capital\\n 3:56 \\u2013 Trans-humans vs neo-humans\\n 4:37 \\u2013 The concept of Qualia\\n 5:25 \\u2013 Albert\\u2019s investment philosophy=\\n 8:27 \\u2013 How Albert began his exploration into cryptocurrencies\\n 12:59 \\u2013 Most exciting things blockchains could enable\\n 14:27 \\u2013 How does Albert view blockchain technology from the view of an venture capital investor\\n 17:00 -\\xa0 Why Albert thinks that the dominate cryptocurrency of our time may not exist just yet and what he is looking for in protocols that will become the leader in the space\\n 20:16 \\u2013 What are the central functions that will be important in cryptocurrencies\\n 21:22 - \\xa0\\xa0The state of regulation in the cryptocurrency space\\n 27:37 \\u2013 What has Albert most excited for the future of blockchain\\n 29:10 \\u2013 The idea of universal basic income\\n 32:26 \\u2013 How do you solve the problem of giving money value in a world of universal basic income\\n 35:00 \\u2013 How scarcity has changed over time\\n 39:01 \\u2013 Role of financial capital in the last 200 years of civilization\\n 42:39 \\u2013 Are we as a society only capable of solving problems once they become an immediate threat\\n 44:15 \\u2013 Explaining the idea of attention as a scarce resource\\n 47:56 \\u2013 The two key drivers of change; zero marginal cost distribution and universality of computational power\\n 53:13 - \\xa0What should we as investors and inventors be focusing on as the new objective function\\n 57:24 \\u2013 Scariest aspect of this transition into the knowledge age\\n 59:45 \\u2013 Three basic freedoms we all seek; informational, economic, psychological\\n 1:02:13 \\u2013 Fermi\\u2019s paradox and the scarcity of attention\\n 1:02:56 \\u2013 How Albert thinks about his own day and wellbeing given all of this information\\n 1:05:01 \\u2013 Kindest thing anyone has done for Albert\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'