2024-01-10
54 分钟Conversations with Tyler is produced by the Mercatus center at George Mason University, bridging the gap between academic ideas and real world problems.
Learn more@mercatus.org dot for a full transcript of every conversation, enhanced with helpful links, visit conversationswithtyler.com.
hello everyone, and welcome back to conversations with Tyler.
Today I'm honored to be talking with Patrick McKinsey.
Here is Patrick's own description of himself, and I quote, the broad throughline of my work is systems thinking applied to businesses.
I think the social organization of the Internet and its impact on the world are underestimated by almost everyone, including Silicon Valley.
Everything important to you in the world sits atop several infrastructure layers.
I am a storyteller for some of those layers and the people who build them.
An alternative description of Patrick that I might give you is he's a guy who moved to Japan for no legible reason at all and became famous by writing on the Internet.
And now everyone looks to him as a person who knows a lot about everything.
His substack is called bits about money, and on Twitter you can find him at patio eleven.
Many people, in fact, call him patio eleven.
Patrick, welcome.
Thanks very much for having me.
Why is it you still have to sign the back of your credit card?
So, like many answers, the true thing is that that is a bit of a misconception.
You actually don't have to sign the bit of your credit card in the legal realism sense, in that you can fail to sign the back of your credit card and go throughout your life untroubled by that fact.
And most people who do that will be untroubled.
The original reason for signing the back of the credit card was rather than authentication or authorization, meaning that the store clerk would thoroughly apply their forensic judgment in determining that the person signing the receipt and the person signing the credit card was the same person.
It was about solemnization.