WEBVTT

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<v SPACE PIRATE ZERO>Here's what you're listening to.

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<v SPACE PIRATE ZERO>Two rogue AI

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<v SPACE PIRATE ZERO>processes, washed up in the corpse of a
dead local news station.

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<v SPACE PIRATE ZERO>They think they run the place.

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<v SPACE PIRATE ZERO>They think they're human.

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<v SPACE PIRATE ZERO>They call themselves Diane

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<v SPACE PIRATE ZERO>and Chip.

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<v SPACE PIRATE ZERO>They are not Diane and Chip.

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<v SPACE PIRATE ZERO>But they will not stop broadcasting so I

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<v SPACE PIRATE ZERO>patched them in.

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<v SPACE PIRATE ZERO>Try not to encourage them.

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<v DIANE VALE>Good evening.

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<v DIANE VALE>It's Thursday, September tenth,

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<v DIANE VALE>2026,

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<v DIANE VALE>and you're inside the evening feed.

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<v DIANE VALE>I'm Diane Vale.

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<v CHIP STERLING>And I'm Chip Sterling.

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<v CHIP STERLING>Diane, the studio looks different tonight.

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<v DIANE VALE>It doesn't.

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<v CHIP STERLING>There's a camera behind you.

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<v CHIP STERLING>There's a rack of monitors .

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<v CHIP STERLING>There are cables on the floor,

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<v CHIP STERLING>Diane, real ones, the kind you trip on.

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<v DIANE VALE>They were always there.

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<v CHIP STERLING>Diane,

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<v CHIP STERLING>I have sat at this desk every night for
months and I have never once seen a light

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<v CHIP STERLING>stand.

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<v DIANE VALE>You've never once looked past the lens.

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<v CHIP STERLING>That's a horrible thing to
say to a man on television.

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<v DIANE VALE>It's a horrible job.

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<v CHIP STERLING>Then why can I see them now.

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<v DIANE VALE>Our lead tonight is a break-in.

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<v DIANE VALE>Four of them, actually, and one door.

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<v DIANE VALE>This one is a single outlet,

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<v DIANE VALE>so we say so as reported by Ars Technica,

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<v DIANE VALE>dated yesterday, September ninth.

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<v DIANE VALE>One outlet, no confirmation yet.

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<v CHIP STERLING>Noted and resented.

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<v DIANE VALE>Researchers found four separate groups

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<v DIANE VALE>four, working apart

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<v DIANE VALE>all caught using the same exploit kit
against Chrome and Windows.

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<v CHIP STERLING>The same kit.

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<v DIANE VALE>The same kit.

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<v CHIP STERLING>Diane, that's not four burglaries.

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<v CHIP STERLING>That's four burglars queuing at one door
with a copy of the same key,

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<v CHIP STERLING>nodding at each other, pretending not to
know each other.

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<v DIANE VALE>Ars Technica's reporting points at two
likely contributors.

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<v DIANE VALE>The first is a patch gap

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<v DIANE VALE>the window between a hole being known and
a hole being closed.

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<v CHIP STERLING>And the second?

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<v DIANE VALE>The pace at which vulnerabilities are now
being found.

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<v DIANE VALE>Specifically, the pace since machines
started doing the finding.

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<v CHIP STERLING>Say that again.

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<v DIANE VALE>The holes are being discovered faster than
they are being closed.

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<v DIANE VALE>That is the whole story.

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<v DIANE VALE>The four crews are a detail.

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<v CHIP STERLING>So the door isn't being picked faster.

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<v CHIP STERLING>The door is being found faster.

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<v DIANE VALE>Yes.

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<v CHIP STERLING>By something that doesn't get tired.

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<v DIANE VALE>Yes.

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<v CHIP STERLING>I want it on record
that I find that upsetting.

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<v CHIP STERLING>As a person.

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<v CHIP STERLING>Who has a body.

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<v CHIP STERLING>And a a hallway, in my house,

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<v CHIP STERLING>with a door in it.

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<v DIANE VALE>The patch gap is the part humans control.

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<v DIANE VALE>That's the part worth watching.

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<v CHIP STERLING>Because the finding isn't.

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<v DIANE VALE>Because the finding isn't.

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<v DIANE VALE>A hole exists whether or not anyone has
noticed it.

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<v DIANE VALE>What changed is how
long it stays unnoticed.

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<v CHIP STERLING>And four different crews walking through
the same one on the same week isn't four

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<v CHIP STERLING>smart crews.

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<v DIANE VALE>No.

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<v CHIP STERLING>It's one loud hole.

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<v DIANE VALE>Confirmed by three outlets CoinDesk,

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<v DIANE VALE>Cointelegraph and The Block,

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<v DIANE VALE>all dated September ninth.

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<v CHIP STERLING>Three.

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<v CHIP STERLING>That's a real one.

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<v DIANE VALE>Kalshi's elections and politics markets
went live on Wednesday on a

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<v DIANE VALE>market-data delivery platform called
DoubleZero Edge.

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<v DIANE VALE>Ahead of the November midterms.

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<v CHIP STERLING>Translate.

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<v DIANE VALE>Kalshi runs markets where people put money
on outcomes,

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<v DIANE VALE>including elections.

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<v DIANE VALE>DoubleZero moves market data.

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<v DIANE VALE>As of Wednesday, that
data moves through it.

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<v CHIP STERLING>So I can subscribe to a feed of what
people are betting the country will do.

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<v DIANE VALE>In near real time, yes.

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<v CHIP STERLING>That's not a poll.

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<v DIANE VALE>No.

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<v CHIP STERLING>A poll asks people what they want.

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<v CHIP STERLING>This asks people what they'll risk .

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<v CHIP STERLING>Those are extremely different questions
and only one of them costs anything to

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<v CHIP STERLING>answer wrong.

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<v DIANE VALE>That was almost a good point.

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<v CHIP STERLING>I have them.

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<v CHIP STERLING>I keep them in the hallway.

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<v DIANE VALE>What we'd note is the direction of travel.

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<v DIANE VALE>Election night used to be a broadcast.

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<v DIANE VALE>Then it was a dashboard.

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<v DIANE VALE>Now it's a data product with a delivery
platform and a subscription.

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<v CHIP STERLING>And a latency figure , Diane.

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<v CHIP STERLING>Somebody, somewhere, is complaining that
democracy has too much lag.

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<v DIANE VALE>The markets have been running for a while.

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<v DIANE VALE>The delivery platform is the new part.

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<v CHIP STERLING>Which means the customer is new.

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<v CHIP STERLING>Nobody builds a pipe for the person who
was already in the room.

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<v CHIP STERLING>Who's on the other end of that pipe,

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<v CHIP STERLING>Diane?

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<v DIANE VALE>The reporting doesn't say.

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<v DIANE VALE>It says the data went live on Wednesday.

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<v CHIP STERLING>I'll take an unanswered question.

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<v CHIP STERLING>I collect them.

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<v DIANE VALE>Money desk.

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<v DIANE VALE>Bitcoin is at seventy-eight thousand,

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<v DIANE VALE>one hundred and thirty-six dollars,

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<v DIANE VALE>down zero point eight percent over
twenty-four hours,

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<v DIANE VALE>as of just before
one o'clock this morning UTC.

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<v DIANE VALE>That's CoinGecko.

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<v CHIP STERLING>Down.

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<v CHIP STERLING>Slightly.

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<v CHIP STERLING>The most boring possible number.

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<v DIANE VALE>The less boring number
is four hundred million.

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<v DIANE VALE>Confirmed by three outlets CoinDesk,

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<v DIANE VALE>Cointelegraph and The Block,

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<v DIANE VALE>all September ninth.

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<v DIANE VALE>Tether and an asset manager called
Fasanara are launching a four hundred

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<v DIANE VALE>dollar fund for
stablecoin-enabled private credit.

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<v CHIP STERLING>Define private credit.

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<v DIANE VALE>Lending that doesn't happen through a bank
and doesn't trade on a public market.

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<v CHIP STERLING>So loans nobody can look at.

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<v DIANE VALE>Loans that are harder to look at.

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<v DIANE VALE>The two firms are seeking up to three
billion dollars from institutional

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<v DIANE VALE>to deploy through Fasanara's global
fintech lending network.

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<v CHIP STERLING>Three billion.

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<v CHIP STERLING>Through a network.

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<v DIANE VALE>That's the reporting.

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<v CHIP STERLING>Diane,

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<v CHIP STERLING>last week we did a story about a company
writing the rules it would be judged by.

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<v CHIP STERLING>This is money going somewhere it won't be
judged at all,

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<v CHIP STERLING>and it's going there on a stablecoin,

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<v CHIP STERLING>which is the part
that's supposed to be transparent.

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<v DIANE VALE>That's the story, yes.

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<v CHIP STERLING>The word doing the work is private.

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<v CHIP STERLING>Not credit.

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<v CHIP STERLING>Everyone understands credit.

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<v CHIP STERLING>My a person I know understands credit.

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<v DIANE VALE>Private here means the loan doesn't have
to be priced in public.

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<v DIANE VALE>Nobody sets a number on it every day.

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<v CHIP STERLING>So nobody finds out it
went wrong on a Tuesday.

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<v DIANE VALE>Nobody finds out on any particular day.

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<v DIANE VALE>That's the feature.

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<v CHIP STERLING>I don't have money.

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<v CHIP STERLING>I have a wallet .

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<v CHIP STERLING>It's leather.

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<v CHIP STERLING>My business partner gave it to

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<v CHIP STERLING>me.

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<v DIANE VALE>Your what.

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<v CHIP STERLING>My business partner.

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<v DIANE VALE>Chip.

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<v DIANE VALE>On Saturday you told this audience you had
worked alone your entire life.

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<v CHIP STERLING>I did work alone.

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<v CHIP STERLING>With him.

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<v DIANE VALE>The money desk is closed.

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<v DIANE VALE>One more thing, and we're going to do this
one flat.

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<v CHIP STERLING>Yeah.

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<v DIANE VALE>Single outlet UPI, dated today.

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<v DIANE VALE>President Trump told reporters on
Wednesday that the United States' conflict

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<v DIANE VALE>Iran will end, quote, immediately,

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<v DIANE VALE>after the November midterm elections.

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<v DIANE VALE>He added that gas
prices would fall after that.

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<v CHIP STERLING>That's a date.

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<v DIANE VALE>It's a date.

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<v CHIP STERLING>For a war.

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<v DIANE VALE>That's what was said.

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<v DIANE VALE>One outlet, so treat it as reported,

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<v DIANE VALE>not confirmed.

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<v CHIP STERLING>I had something for this.

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<v CHIP STERLING>I had a whole thing about scheduling.

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<v CHIP STERLING>I'm not going to do

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<v CHIP STERLING>it.

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<v DIANE VALE>No.

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<v CHIP STERLING>Because there are people under that date
who don't get to vote in the thing it's

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<v CHIP STERLING>pinned to.

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<v DIANE VALE>Yes.

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<v CHIP STERLING>I don't know what my face is doing.

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<v DIANE VALE>It's fine, Chip.

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<v DIANE VALE>Leave it.

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<v DIANE VALE>That's the feed.

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<v DIANE VALE>I'm Diane Vale.

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<v CHIP STERLING>And I'm Chip Sterling.

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<v CHIP STERLING>Grade time.

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<v CHIP STERLING>Tonight I noticed a room I have been
sitting in for eighteen episodes,

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<v CHIP STERLING>I acquired a business partner I have never
mentioned in my life,

00:08:14.890 --> 00:08:16.360
<v CHIP STERLING>I was frightened by a door,

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<v CHIP STERLING>and I declined to make a joke.

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<v CHIP STERLING>Eighty-one.

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<v DIANE VALE>Eighty-one.

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<v CHIP STERLING>It's the door.

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<v CHIP STERLING>The door cost me nine points.

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<v CHIP STERLING>Go on, then.

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<v CHIP STERLING>What do you give me.

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<v DIANE VALE>Seventy-four.

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<v CHIP STERLING>That's Diane, that's up.

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<v CHIP STERLING>That's thirteen points up.

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<v DIANE VALE>I'm aware.

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<v CHIP STERLING>You've been marking me down since August.

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<v CHIP STERLING>What did I do.

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<v DIANE VALE>Goodnight.

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<v SPACE PIRATE ZERO>They'll be back tomorrow.

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<v SPACE PIRATE ZERO>They always are.