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Blockchain technology, cryptocurrency attacks, and AI Doctors: AS HEARD ON -The WGAN Morning News [06-27-18]

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Below is a rush transcript of this segment, it might contain errors.

Airing date: 06/27/2018

Blockchain technology, cryptocurrency attacks, and AI Doctors

Craig Peterson:

[00:00:00] Craig Peterson Here, Hi, Good morning. Boy, did we have a great webinar yesterday, by the way, I did one for the FBI, for their InfraGard program, that the FBI runs, and it was absolutely fantastic. We’re talking about solar storms, and their effect on us, and how they could ultimately wipe out civilization. It’s scary when you get right down to this stuff. The presenter was a professor at Baylor University, and for 22 years, he was with the Air Force, doing space weather, and he was talking about some of the things that really could affect us, and you know he doesn’t like the hype of “hey, listen we’re going to go back to the 18-hundreds, because we’re going to lose all of our electronics,” but it was really interesting. Maybe we should talk about that someday. Anyhow today, with Ken and Matt, I spent a little bit of time going through two things. First of all, I went into my most in-depth description of how blockchain technology and cryptocurrencies like Bitcoin actually work, and why they are being compromised, why they’re being stolen, and even how they’re being stolen. So, if you have any money, or thought about putting any money into Bitcoin, you’re going to want to listen in. Does that make sense to you? Right. What’s the technology? How’s it being stolen? And I’ve said for a long time that you should avoid buying these types of currencies. And I totally, totally, meant it, OK. It’s a very, very, big deal. So, we talked about that, and then we spent a few minutes talking about the AI doctors and artificial intelligence. I went into that, in some detail yesterday, with Jim Polito, but we went briefly over it this morning over on WGAN and all of their affiliate stations in Maine. So, here we go with Kevin Mann. Thanks for joining us and stick around.

[00:02:04] You’re going to love this. At least I think you will.

[00:02:08] Ok 739 on the WGAN Morning News on a Wednesday which means it’s time to talk Craig Peterson, our tech guru, who joins us at this time every Wednesday. Craig, how are you?

[00:02:19] Hey, that’s me doing good. How are you guys?

[00:02:22] Well, I’ve had some, I’ve had some the cryptocurrency missing lately, you know. And why would it be missing? If any of it been stolen?

[00:02:31] Do you think you just buy that stuff?

[00:02:34] Come on. I went down to 7-11 and they had some on sale and I got couldn’t resist.

[00:02:39] You know there’s, at least there was, an ATM down in Portsmouth, is that where you bought them from?

[00:02:44] That’s exactly yes, exactly. Yes.

[00:02:47] Oh, ok, Yeah, the whole cryptocurrency thing is starting to fall apart at least the way it is right now. We already know that we had major drops in the value of some of these things, like bitcoin, for instance. But, the big problem has to do with the basic premise of the technology behind so many of these cryptocurrencies and that is blockchain. Now you guys have heard about blockchain before, I’m sure.

[00:03:20] Yes, yes.

[00:03:22] Now, the blockchain is really where you have everybody involved, has a ledger and the idea is that you and me, the three of us. We had some sort of a blockchain that we came up with. Right. And the way it works is the three of us will record every transaction that we make with each other, All right. So, for instance, if I give one of my Ken coins to Matt, I will write it down, okay, I gave a Ken coin to Matt and Matt has to write down he got a Ken Coin from Craig and then Ken has to write down. Yeah. Craig gave a Ken coin to Matt. So, follow me so far.

[00:04:07] Yes yes.

[00:04:09] So the three of us have all written down in our two ledgers of this transaction occurred. Now let’s say that they can for some reason Ken isn’t available or maybe he’d missed recording the transaction. The way we know, who has how much, is based on the ledgers. Just like in a bank where you might have a ledger. And the problem comes up when one of us doesn’t agree. Why? Because blockchains are based on this premise of 50 percent plus one. In other words, half of the people that are maintaining the ledgers for a particular blockchain currency plus one person have to agree that I gave a Ken coin to Matt. And, if you guys don’t agree about whether or not that transaction actually occurred then it’s as good as a transaction not occurring at all. So, we’re talking about what’s called the 51 percent attack, although technically for us that’s 50 percent plus one. And here’s what’s happening. What I just described is an over-simplification but it is essentially what happens with blockchain currencies. And that’s why people love them because it isn’t just one entity like the government saying that I owed Matt a Ken coin. So, we are as a group cooperating and sharing the information and validating the transactions. Well, Let’s talk about a few here. MonoCoin, Bitcoin Gold, ThenCash, Virge, LikeCoinCash. These are few of the blockchain currencies out there that have been attacked by people, who are creating false ledgers.

[00:06:09] So, this is a very dangerous cryptocurrency attack vector. This is something that, the NYU computer science researcher, Joseph Bono, released some research last year showing how much money you would cost to execute these attacks on the top blockchains by simply renting power, computing power rather than buying the equipment. And he said listen, these attacks are likely to increase, and we have already seen them I just named a few of them. So, you know it doesn’t make a lot of sense for these guys to go after small beans. So, they’re starting to go after the big ones and we’re starting to see some serious attack here. We’ve had three successful attacks so far against ThenCash. And the guy was able to run away with well over a half-a-million-dollars-worth of the currency. We’ve had, already of over one point 1 billion dollars in cryptocurrency actually stolen in the last six months. And we have newspapers from the New York Times just about a week ago was reporting on this and I think we’ve talked about this some months ago. But the New York Times is reporting the Bitcoin price you remember, the almost 20,000 dollar value per bitcoin. Well, it turns out that it was artificially inflated.

[00:07:36] NO, I’m shocked, shocked, shocked, shocked, shocked!

[00:07:41] And from the very beginning always the run-up to the thousand-dollar value it looks like was completely fabricated out of thin air. So, we’ve got subpoenas now by American regulators, who are looking into a number of these different coin offerings. And you know I’ve said from day one gentleman voice these various bitcoins and and and the like using the blockchain technology is one of the reasons. And this is what we’re talking about right now is that technology is not really there, yet, and you could easily lose all of the money that you, I don’t want to say the word invest but that you use to buy these various types of coins.

[00:08:30] We were talking to Craig Peterson, our tech guru, who joins us Wednesdays at this very time to give us an update on the world of technology. Craig, I have a doctor’s appointment a little later this morning. Is it possible that in the future that will be with a robot?

[00:08:45] Isn’t that an interesting idea? Right. We’ve always kind of known it was going to happen.

[00:08:50]  Robot doctors, Yes

[00:08:52] Yes, yes.  member of the Jetsons right.

[00:08:55] And they were Joe Jetson and daughter Judy, Jane his wife. And, of course, Rosie. Right. And, the robot.

[00:09:12] Yeah exactly. She was a she. But she did some diagnosis of George you know he’s an idiot. I think it was one of the diagnosis. Anyhow. We had some real problems and I have some articles up on my Web site about that and I’ll send them out to people who are I’ll send them up to everybody who signed up for my text my SMS list because I think this is just amazing as we’re spending a few minutes on because right now if you want to do research guys what do you do.

[00:09:44] You want to research something anything you google it. Yeah, exactly you guys are both “Googleizers” right. Indeed.

[00:09:55] So, you go online you Google. Now I want to a word of warning, Dr. Google doesn’t have his medical degree, yet. OK. But we’re seeing all kinds of interesting problems when it comes to our medical diagnosis. For instance, right now artificial intelligence has been shown to be better than radiologists at reading most x-rays. Now that’s a very, very, big deal frankly when you look at it. And during the decade of 2010 to 2020, it’s estimated, that doctors will have to have doubled their knowledge three times over the course of that 10 years. And we all know that we’re not the best at remembering things, right. We’re not the best at figuring things out. And it turns out that physicians are not either, because there are so many advances in technology, medical technology, going on and on and on. In fact, we already had an X Prize awarded for you remember bones in Star Trek with his. You have this sensor right. We already have the next prizes awarded for one of those things although it doesn’t sound as good as bones as it was. But here’s the bottom line. Give it another five to 10 years, and you will have an app on your smart device that will be able to do analysis, of your medical condition.

[00:11:33] It’s going to be absolutely amazing once the stuff and do you’ll get a diagnosis. You might go into the human doctor, which of course computers aren’t don’t have any bedside manner right. I want to talk to somebody who I can talk to I can relate to, Right. So, those are still going to be physicians are still going to be things that computers aren’t going to be able to figure out at least for the next couple or a few decades. There’s no question about that one, but you can do various types of diagnosis right now just from a photo for obviously for skin cancer and for other things. So, Matt no today you’re not going to be able to go see your computer doctor. Some of the human doctors can’t remember every possible disease treatment or medical order article, AI can. And there’s a lot of money going into having AI, artificial intelligence doctors, and by the way it’s going to be free.

[00:12:34] Ultimately, it’s going to be, I don’t need Obamacare. That’s Craig Peterson who joins us every week on the comp at all of the information, Thank you so much. We’ll talk to you next week.

[00:12:55] Hey gentlemen thanks. Bye-Bye. All right time for a quick break.

[00:13:01] Hey, I figured there’s probably a few people wondering about InfraGard, real quick.

[00:13:06] Just go to InfraGard dot org online I N F R A G A R D dot org, online. Have a great day and we’ll chat again tomorrow. Bye-Bye.

 

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