Today for my podcast, I read How I Got Scammed, originally published in my Pluralistic blog. It’s a story of how the attacker has to get lucky once, while the defender has to never make a single mistake.

This is my last podcast before I take off for my next book-tour, for my new novel, The Bezzle. I’m ranging far and wide: LA, San Francisco, Seattle, Vancouver, Calgary, Phoenix, Portland, Providence, Boston, New York City, Toronto, San Diego, Salt Lake City, Tucson, Chicago, Buffalo, as well as Torino and Tartu.

My first two stops are Weller Bookworks in Salt Lake City on Feb 21 and Mysterious Galaxy in San Diego on Feb 22, followed by LA (with Adam Conover!), Seattle (with Neal Stephenson!), and Portland. The canonical link for the schedule is here.

I wuz robbed.

More specifically, I was tricked by a phone-phisher pretending to be from my bank, and he convinced me to hand over my credit-card number, then did $8,000+ worth of fraud with it before I figured out what happened. And then he tried to do it again, a week later!

Here’s what happened. Over the Christmas holiday, I traveled to New Orleans. The day we landed, I hit a Chase ATM in the French Quarter for some cash, but the machine declined the transaction. Later in the day, we passed a little credit-union’s ATM and I used that one instead (I bank with a one-branch credit union and generally there’s no fee to use another CU’s ATM).

A couple days later, I got a call from my credit union. It was a weekend, during the holiday, and the guy who called was obviously working for my little CU’s after-hours fraud contractor. I’d dealt with these folks before – they service a ton of little credit unions, and generally the call quality isn’t great and the staff will often make mistakes like mispronouncing my credit union’s name.

That’s what happened here – the guy was on a terrible VOIP line and I had to ask him to readjust his mic before I could even understand him. He mispronounced my bank’s name and then asked if I’d attempted to spend $1,000 at an Apple Store in NYC that day. No, I said, and groaned inwardly. What a pain in the ass. Obviously, I’d had my ATM card skimmed – either at the Chase ATM (maybe that was why the transaction failed), or at the other credit union’s ATM (it had been a very cheap looking system).

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(Image: Cryteria, CC BY 3.0, modified)

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This week on my podcast, I read my latest Locus Magazine column. “What kind of bubble is AI?” In it, I ask what will be left behind after the AI bubble bursts:

You’ve got one week left to back the Kickstarter for my next novel, The Bezzle, the followup to Red Team Blues. I’m preselling hardcovers, ebooks, and an audiobook read by Wil Wheaton. Please consider backing it and helping support my work (including this podcast!).

But the most important residue after the bubble popped was the mil­lions of young people who’d been lured into dropping out of university in order to take dotcom jobs where they got all-expenses paid crash courses in HTML, Perl, and Python. This army of technologists was unique in that they were drawn from all sorts of backgrounds – art-school dropouts, hu­manities dropouts, dropouts from earth science and bioscience programs and other disciplines that had historically been consumers of technology, not producers of it.

This created a weird and often wonderful dynamic in the Bay Area, a brief respite between the go-go days of Bubble 1.0 and Bubble 2.0, a time when the cost of living plummeted in the Bay Area, as did the cost of office space, as did the cost of servers. People started making technology because it served a need, or because it delighted them, or both. Technologists briefly operated without the goad of VCs’ growth-at-all-costs spurs.

The bubble was terrible. VCs and scammers scooped up billions from pension funds and other institutional investors and wasted it on obviously doomed startups. But after all that “irrational exuberance” burned away, the ashes proved a fertile ground for new growth.

Contrast that bubble with, say, cryptocurrency/NFTs, or the complex financial derivatives that led up to the 2008 financial crisis. These crises left behind very little reusable residue. The expensively retrained physicists whom the finance sector taught to generate wildly defective risk-hedging algorithms were not able to apply that knowledge to create successor algo­rithms that were useful. The fraud of the cryptocurrency bubble was far more pervasive than the fraud in the dotcom bubble, so much so that without the fraud, there’s almost nothing left. A few programmers were trained in Rust, a very secure programming language that is broadly applicable elsewhere. But otherwise, the residue from crypto is a lot of bad digital art and worse Austrian economics.

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This week on my podcast, I read my final Medium column
The internet’s original sin, about the failure of trying to stretch copyright to cover every problem on the internet.

Copyright is a regulation. It regulates the supply-chain of the entertainment industry. Copyright matters a lot to me, because I’m in the industry.

But unless you’re in the industry, it shouldn’t matter to you.

It’s fine to require a grasp of copyright among people who write, publish and distribute novels — but it’s bananas to require people who read novels to understand copyright.

And yet, here we are.

The test for whether copyright applies to you — for whether you are part of the entertainment industry’s supply chain — is whether you are making or dealing in copies of creative works. This test was once a very good one.

Back when every book had a printing press in its history, every record a record-pressing plant, every film a film-lab, “making or handling copies of creative works” was a pretty good test to determine whether someone was part of the entertainment industry. Even if it turned out they weren’t, the kind of person who has a record-pressing plant can afford to consult an expert to make sure they’re on the right side of the law.

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