Autonomous Trucking Changing the Roads - Bitcoin is Very Traceable

[As Heard On WGIR WQSO WKXL on 2021-06-14]

Hey, we just found out that Bitcoin is very traceable. So I talked about that this morning, as well as what's happening with autonomous vehicles -- big announcement from Waymo and JB Hunt with Mr. Chris, Ryan, just this morning. Here we go.

[00:00:16] Chris Ryan: [00:00:16] Joining us right now is Craig Peterson. He is the host of tech talk on news radio,610 and 96.7, 11:30 on Saturday and Sundays.

[00:00:27] Craig, how are you?

[00:00:28] Craig Peterson: [00:00:28] Hey, I am doing great this morning.

[00:00:30] Chris Ryan: [00:00:30] So we've been teasing Bitcoin with your appearance today. And one of the major attractions to Bitcoin was that it was viewed by many as being untraceable, right? You couldn't tell where the money went. And it was used to as a method of payment that was not traceable by governments, not traceable by individuals or entities, but.

[00:00:52] In the reporting that we saw on the colonial pipeline hacking Bitcoin was traceable. And a lot of that money, millions of dollars in fact, was retrieved from dark side. So how was it traced by the FBI? And is this something that signals to you that Bitcoin is in fact traceable and will be traced moving forward?

[00:01:17] Craig Peterson: [00:01:17] I had a really interesting briefing that was given by the secret service. And this was a couple of years ago and they talked about how they went ahead and did trace Bitcoin. So we've been able to do it for a while. It's been a little difficult, but we've been working on it. What really surprised me this.

[00:01:36] Time is the FBI has come out and given some serious detail on exactly what they did in order to track this Bitcoin. And in fact, a Bitcoin, wasn't a wallet in California. Not some foreign country and it's just fascinating to look at all the details, but yes, these cryptocurrencies are not completely untraceable.

[00:02:04] If you want to use the money that's in your wallet, then you have a problem because the basic concept behind it and the technology behind it is something called blockchain. And these blockchains require basically a ledger. It's like just like a book. He would have a ledger of all of the monies that he's owed or perhaps that he owes to somebody else that ledger isn't just in that piece, safe, hidden, underground somewhere when it comes to Bitcoin, that ledger is everywhere.

[00:02:34] There are multiple like a hundreds of copies of it. And that is how you can validate Bitcoin itself. You have to have this ledger. It has to be in a lot of hands. And now the FBI has figured out some very clever ways to reverse engineer that ledger to find out where the money is.

[00:02:55] Chris Ryan: [00:02:55] Another couple of things.

[00:02:56] I want to talk a little bit about self-driving trucks and self-driving cars. And, one of the main reasons that in my view, the technology has existed that self-driving cars and trucks have not been overly utilized to this point is that there is a fear that they're not going to be 100% effective.

[00:03:18] In other words, one may crash. And if one crash is particularly at the beginning and causes a problem, then that's going to create a ripple effect afterwards. And we're starting to see self-driving trucks. In fact, there's going to be a self-driving car. A truck we're going to be hauling loads in Texas D company J B hunt has announced that they're gonna be working with Waymo and they're going to have a driverless truck, which is going to operate on I 45 in Texas, taking cargo between Houston and Fort worth trucks is still going to have.

[00:03:52] Humans onboard a truck driver as well as technicians. So this in my view is the precursor to the future. And we're going to see driverless vehicles, which will still have the driver in it, but it's going to basically operate like a plane would where you can put the plane on autopilot. Cars will be put on.

[00:04:13] Autopilot, but we're going to have a individual who is going to be there. The driver's gonna be encouraged not to go to sleep, et cetera, but they are going to be able to do quote unquote distracted driving and have the vehicle, on autopilot and even think about the technology that exists.

[00:04:28] Today, just in terms of the cameras that allow for you to back up into the, a particular space or the sensors that let you know that there's a vehicle to your left or to your right, the technology exists within the vehicle for this to take place. Right now, the concern has always been. Would it be, 100% factive and would there be problems with the cameras?

[00:04:52] What if you lose your GPS signal? And the vehicle, it is in a state where it can no longer be driven and there's connectivity problems. But to me, we're there and this is an interesting experiment.

[00:05:03] Craig Peterson: [00:05:03] It's really interesting. And these autonomous vehicles have already driven millions of miles.

[00:05:10] So this is what we've always predicted to be the first step towards having really fully autonomous vehicles for all of us staff. Of course, we've got Elon Musk out there promising that. They're going to have fully autonomous. You can just have a nap, hypotonic Amos for his Tesla vehicles by the end of the year.

[00:05:29] And then the, his main technology guy poo-pooed it pretty quickly and pushed it out a couple of years with this, that the trucks and tying it all together, going between Houston Fort worth, which has quite a ways to go. We're seeing the very first industry that's likely to be completely automated.

[00:05:50] Now, Waymo, we know you've heard about this before has been operating a taxi service just outside of Phoenix. You might remember the car accident that happened, and the lady that was killed by one of these autonomous vehicles with a human driver behind it. But what we're looking at now is going to be phenomenal.

[00:06:10] This is pretty much a straight road. If there's any road in the U S it's a road between those two cities, Houston Fort worth and Texas. That is a great one to try. We're thinking that we will be seeing a long haul trucks. Driving themselves, except for the last mile, of course, being the tougher part.

[00:06:31] In other words, they would go to just like you might commute to Boston. For instance, they would go to a community area. They parked themselves, a local driver would get in and start driving. But this is huge and is completely different than for instance, what Volks and is predicting or hoping might happen do with the autonomous vehicles.

[00:06:53] Chris Ryan: [00:06:53] Craig. Thank you so much. All right. Take care. Craig Peterson joining us here on New Hampshire today.