Patrick McKenzie, software entrepreneur and blogger, discusses topics such as the diminishing importance of signature fields on credit cards, flaws in pre-modern thinking about security, Elon Musk's Twitter payments idea, moving to Japan to enhance career prospects, lessons learned from running Vaccinate CA, overcoming fear of negotiation, and exploring geothermal heat and electricity extraction.

Patrick McKenzie, known online as patio11, shares how a Discord team saved lives by getting vaccines to Americans. Topics covered include the challenges in vaccine distribution, fundraising for critical projects, the implications of crypto, exploring American and Japanese work cultures, uncovering fraud through investigative reporting, and the importance of accountability and learning from crises.

The US labor market looks rock solid. The unemployment rate is at its lowest level in 50 years, while layoffs continue to trend downward. But there's one glaring exception and that's the tech industry. Nearly every major tech company has announced layoffs in the last few months, which is exactly the opposite of how things played out over the last decade, when the sector was a bright spot in an otherwise sluggish job market. So what's going on? Why now? Who is getting cut? And will these tech workers quickly find new jobs? Can they apply their skills to the burgeoning AI space? On this episode of the podcast, we bring back Patrick McKenzie, the author of the Bits About Money newsletter, who previously worked at Stripe for six years. He talks about the current trends in tech employment and why it's still a good idea to become an engineer.See omnystudio.com/listener for privacy information.

Patrick McKenzie, a fraud prevention expert at Stripe, teams up with Kerry Myers, a former F.B.I. special agent and current professor at the University of South Florida, to explore the dark world of money laundering. They reveal how criminals transform dirty money into clean cash and the sophisticated techniques they've devised over the years. The discussion also touches on the evolution of money laundering laws and the impact of digital currencies. Their insights illuminate the challenges faced by law enforcement and the importance of financial regulation.

In this illuminating discussion, Patrick McKenzie, a software developer and insightful commentator, dives into the controversial realm of debanking in the crypto industry. He examines Operation Chokepoint, outlining its political motives and far-reaching impacts on legitimate businesses. Patrick sheds light on the rise and fall of Silvergate Bank and addresses the regulatory hurdles that small businesses face when navigating banking for crypto services. The conversation also touches on the intersection of government actions and individual rights, raising vital questions for all.

Patrick McKenzie, known online as "patio11," is a software engineer and writer with a wealth of insights on tech and culture. He shares captivating lessons from his 20-year experience in Japan and how it shaped his view on work-life balance and autonomy. Patrick discusses the underrated learning potential of gaming, dives into the complexities of property crime, and emphasizes the importance of writing in building a career. His thoughts on transitioning from a salaryman to an entrepreneur offer both inspiration and practical advice for navigating career uncertainty.

Patrick McKenzie, known as patio11 and host of the Complex Systems podcast, joins the conversation to delve into the fascinating world of financial infrastructures. They explore the historical evolution of financial products and the precarious balance between security and usability in transactions. McKenzie uncovers unique aspects of financial fraud, including quirky laundering methods, and reflects on the collapse of FTX. The discussion also highlights innovative recruitment strategies and emphasizes the importance of networking for talent discovery.

Patrick McKenzie, an insightful essayist on financial systems, joins media entrepreneur Erik Torenberg for a deep dive into the banking world. They tackle the three stages of money laundering—placement, layering, and integration—and how banks have become reluctant de facto law enforcers. Their conversation highlights the unintended consequences of stringent regulations on economic growth and inclusivity, questioning the balance between preventing crime and supporting legitimate financial activities. It’s an eye-opening discussion on the complexities of modern banking.

Exploring the flaws of traditional banking, skepticism towards cryptocurrencies with insights on the evolution of the financial industry. Contrasting perspectives on crypto vs traditional banking, discussing the convenience of modern banking apps and the inefficiencies of the traditional system. Delving into the transition from ink stamps to digital signatures in Japan, redesigning the financial system, and innovative crypto products like Uniswap and Cello.

In this discussion, Patrick McKenzie, a financial expert, delves into the intricate world of banking and money laundering alongside host Erik Torenberg. They explore the three stages of money laundering—placement, layering, and integration—and how banks are often unintentionally ensnared in criminal activities while adhering to stringent regulations. The conversation also critiques the unintended consequences of these regulations on economic growth and financial inclusion, revealing a complex interplay between compliance and entrepreneurship.