Coleman Strumpf
speaker
29 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Coleman Strumpf’s voice in public audio — every appearance, attributed to the second.
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Appearances
I, in fact, did with the rest of my family. And I will only say if you spend a whole day drinking Tang, if you even know what that is, you will not feel so good the next week.
Yeah. Sports betting. Not the stuff you do on your phone, but the guy in the corner. I've done some work on cannabis, which we might talk a little bit more about. File sharing. File sharing, like stealing digital products.
It's not as hard as you'd think. I'll tell you about sports betting. I was very interested in sports betting. And I one time went to Las Vegas, which was about the only place you could do sports betting. And I tried to wrangle up with one of the bookmakers. I was like, can you give me some information about what you guys do? And he laughed at me.
So maybe kind of as a way of getting revenge on the guy, I ended up making a friend in Brooklyn's district attorney's office. And now I have a bunch of records on illegal bookmakers. So I still don't know a lot about what the guys in Las Vegas do, but I can tell you about a lot of guys in New York. So you blackmail people, essentially.
Those of you who in the audience who are interested in cannabis might know a website.
You might know an app called. You might know an app called Weedmaps. Those of you who have never used it, it's maybe like Yelp for pot. Fired up on your phone, put on the GPS, tells you all the stores near you. So I saw this app and I said, hmm, it'd be kind of cool if you could just get everything that's on that site and stockpile it.
And if you spend a little time kicking around in the background, you can figure out a way of doing that. So I always have a lot of computers running. I had a bunch of computers for several years just pulling stuff off this site. So I have a list of all the stores. Now, how do I know who's legal and how do I know who's illegal? So the state of California publishes a list of the legal stores.
So I could start using that, but the information's a little bit incomplete. So I had to look at different online sources, including Google Maps, to see stores magically turning from a kid's store into a weed store in Los Angeles. And you can kind of figure out through a lot of sweat Which ones are legal and which ones are not?
Yeah, they either make up a number, go down the street, look at the legal store, take a picture of that and use that number, or sometimes they just put up stuff that isn't even a valid number.
Yeah, that's a great question. There's not a lot of... I guess, will among policymakers to do it. The people who would be doing the enforcement, the police, think about how hard this job is. If I say arrest people who are doing some activity, well, I just see somebody doing this activity. Now you need to say not just to somebody who
selling cannabis, but is it somebody who's licensed or unlicensed? They're literally doing the exact same thing. Some people are doing it legally. Some people are not doing it. It's not so easy.
In the wake of prohibition, actually, you did see things like that for 15 years through the 1950s. You would have lots of arrests of people having illicit stills and things of that sort. Today, in cannabis, the illegal people are pretty sophisticated. So one of the things in this weed map state I have is I have a list of all the products. What are some of your favorites?
Yeah, well, I like to observe. Honestly, I'm a little out of date on them. Is that true? Yes. You're not a big... I took you for a big... Yeah, I definitely have that, yeah. But at any rate, so I am familiar with some of the big brands.
Yeah, right. Well, maybe it's a gateway drug to being an economist. I don't really know. But at any rate, if you're... wanting to sort of pretend you're running a legitimate place, you'll take a name brand and you'll just switch a letter. And they literally get old containers or wrappers from legal stuff and they'll put it around the legal stuff.
Yeah, and these are from a few years back, but I would say the number is probably still about whole.
And on top of that, there's the social norm. I live in North Carolina where it's not so different from what I remember growing up. In New York, in San Francisco, all California, the norm about how acceptable is cannabis as a thing to be using, much more accepted today than it used to be. It's going to spill over to the illicit side as well. So I would argue demand is probably much higher.
in the next, you know, five, 10 years? I usually, when I try to make a forecast, I look at these markets to answer the question rather than try to answer it on my own. Things look pretty promising, but everything is going to be governed by what a judge will maybe say about these things. There was a lot of enthusiasm about these markets this time.
They did a pretty good job at forecasting the election. You argue they do, on average, better than polling, yes? Yeah, definitely. There's a fundamental difference between polls and these markets. The way a poll works, which is probably what most people in the audience are familiar with, is you talk to a bunch of people, the representative of all voters, and you see what they're thinking.
These markets are supposed to work in a totally different way. You step outside your own experience and say, look, my goal presumably is to make some money at forecasting the election. Well, that has nothing to do with what I think in terms of who I like. I'm trying to guess what other people like.
Everywhere and anywhere.
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