Breaking News

COVID-19 is spreading - How to bound the downside

#crypto #bitcoin


Guest:

Trent McConaghy

Why you should listen:

There are things we can do now, as citizens, organizations and governments, to slow the spread of COVID-19 and to bound the downside. If we don’t, the downside could be severe. Trent has a PhD in EE from KU Leuven, Belgium. He undertook machine learning research for the Canadian Department of National Defense. He is the founder of Ocean Protocol, a decentralized data marketplace.

COVID-19 is a Black Swan. It’s gone from highly unlikely, to likely, to happening. No one has perfect models of how it will unfold, exactly. But, we can identify possible worst-case scenarios and take action to minimize the negative impacts if those scenarios do occur. The most rational thing that we can do is to bound the downside.

Key takeaway:

The virus will not hit nations in a uniformly spread fashion. It will take out one city at a time, not one country at a time. In China, Northern Wuhan was taken out first. In Italy, it was Lombardy, Venice, and Milan. So while we can start with analyses at the national level (USA, Germany), it’s critical to drill into specific hotspots (Washington state, Berlin) which will experience capacity constraints sooner than the national average.

What can be done? For starters, get more beds. Cancel large gatherings, start remote work, and accelerate universal testing. We should act now. We can learn a lot from Taiwan, Hong Kong and Singapore.

*The Crypto Conversation is proudly sponsored by DeFi leaders NEXO *

Click here to borrow instantly in 45+ fiat currencies

Click here to earn daily interest on your idle assets

Supporting links:

When does hospital capacity get overwhelmed

What we can do about Coronavirus

Systemic Risk of Pandemic via Novel Pathogens

Ocean Protocol

Trent on Twitter

Andy on Twitter

Brave New Coin on Twitter

Brave New Coin

If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.



OhNoCrypto

via https://www.ohnocrypto.com

Andy Pickering, Khareem Sudlow