you welcome in long vision—Where we look at the week’s news and strip it of the essentials. let’s work What is the real problem?.
This week: The conviction of Theranos CEO Elizabeth Holmes leads to more scrutiny of startups, high-frequency 5G NR creeps into reality, and Mozilla is under fire for promoting climate-damaging scams.
1. Will the Holmes case cause Valley to be rethought?
For the first time this week: Elizabeth Holmes has been found guilty of defrauding Theranos investors. But how will this case change Silicon Valley Startup culture and finance?
Analysis: Don’t fake it – just do it.
This could be a defining moment, causing investors to look closely at the startup founders and their outlandish promises. On the other hand, the major investors in Theranos – for example, Murdoch, Cox and DeVoss – hardly fit the template Silicon Valley VCs.
David Streetfield: Epic Rise and Fall
Create F. Scott Fitzgerald…Jay Gatsby…was a smuggler [and] They sold fake bonds. Mrs. Holmes chose Silicon Valley, the last and greatest of mankind’s dreams. [She] He was a natural salesperson, as good at bending reality as Steve Jobs himself.
She and her deputy and boyfriend, Ramesh Palwani… thought they could be downright imitating Silicon Valley until they had something that actually worked. [But] The ruling heralded the end of an era. In Silicon Valley, where the line between talk and achievement is often blurred, there is finally a limit. … It’s a legendary ups and downs he’ll chew in the cafes and juice bars of Palo Alto, California, until leaving the tech industry [for] colonies outside the world.
So where does this indictment leave… her investors and ex-fans? It’s time for the next criminal to come, most likely. Some of Silicon Valley’s promises are so sweet we just can’t get enough of them. Immortality. encrypt. Flying cars. Mars. Digital harmony. Incomparable wealth.
Think differently, DeanonymizedCoward thinks:
[There’s a] A fine line between marketing spam, “fake it till you make it” messages, and outright fraud. …the former is abhorrent and sometimes immoral, but generally legal.
[But] If your product requires funding from Bull**** – even if it eventually works – you are a fraud. … Regulatory reforms … and a kind of death penalty for companies … they can fix a lot of this by making engaging in behaviors that are financially impractical.
Who is to blame? Ask DS999:
I’m sure some of its investors didn’t really care whether it worked or not. They just wanted to get in early, ride the hype train, and sell before the actual results mattered.
2. FAA carriers and 5G kissing and makeup
High-frequency 5G NR technology is creeping into reality in the US, thanks to the decline of the FAA. After the aviation regulator contested the C-band deployment – based on precious little evidence – up to 280MHz of extra spectrum now appears Ready to run.
Analysis: Nomadic DevOps Get More Bandwidth
While the 77 band is nowhere near the much-touted “FR2” ultra-high frequency bands, this is a useful bit of additional spectrum for mobile and backpacker applications. next station: ka range everywhere.
John Brodkin: FAA agrees not to seek further delays in 5G networks
The Federal Aviation Administration has tentatively agreed not to seek further delays on 5G networks from AT&T and Verizon, which could end a battle over the airline industry’s unsubstantiated claim that 5G… will interfere with aircraft altimeters. [Their] C-band spectrum licenses for frequencies from 3.7 GHz to 3.98 GHz.
The deal includes voluntary commitments previously made by AT&T and Verizon, including “C-Band radio exclusion zones” around airports for a period of six months. [They] Modeling of exclusion zones after those used in France, which are 910 × 2100 metres.
Assuming there are no further problems, AT&T and Verizon will be able to use their spectrum licenses without additional restrictions after July 5… President Biden hailed the agreement… calling it an “important step in the right direction.”
Briefly? here Dieter Bon:
The agency in charge of planes is obsessed with the radio stuff. But the agency responsible for the wireless stuff and the companies that make it lose the chicken game.
Great job America. …I’ve always said I want ISPs to be dumb pipes, but I never expected them to be that dumb.
Has anyone read the detailed FAA report? bbridge contains:
I can see why the FAA is backing down here now, it only makes sense when your main report can be rephrased as: “We got a couple of graduate students to make comparisons between base models… using altimeter data from the aviation industry (with prove a track record of lying to us) and then went golfing for eight months before publishing…but didn’t bother…to actually test anything.”
3. Mozilla forgets its values
Firefox’s custodian Mozilla Foundation has angered many by promoting a “grossly irresponsible” Ponzi scheme that harms the environment. What is this terrible thing? I hear you ask. It’s a cryptocurrency.
Analysis: Virtual money is bad – is this the last straw for Mozilla?
Less than a year ago, Mozilla said it wanted to be carbon-neutral, but it has already reneged on that promise: It requires distributed Proof of Work systems…well, work. This work uses ridiculous amounts of power per DeFi transaction. Electricity production is a zero-sum game, so cryptocurrencies and NFTs cause climate change by emission Ridiculous amounts of CO₂e.
Liam Provine: Mozilla founder blows up browser maker
A few days ago, the Mozilla Foundation invited netizens on Twitter to send donations in cryptocurrency. … The move by the Firefox browser maker drew quick criticism.
As recently as September, Tantik Celik, Web Standards Leader at Moz, criticized cryptocurrencies as unsustainable, saying:[They] detrimental to sustainability. …their energy requirements are growing without any discernible upper bound, which is highly irresponsible given the global environmental crisis.”
Mozilla has been accepting cryptocurrency donations for years, perhaps as part of its long-running effort to alienate its users: only the payment provider has changed.
He was chief among the critics Jimmy “Joe” Zawinsky:
I founded Mozilla and I’m here to tell you **** and **** this. Everyone involved in the project should feel very ashamed of this decision to partner with the Ponzi giants who are burning the planet.
Stop saying you promised flying cars. Unless you were born in 1935, you weren’t promised flying cars, you were promised to strike the dystopia of Cyberpunk.
You think it’s the shark’s leap moment Jeremy Keith:
The most compelling argument I’ve heard so far to stay away from Firefox is where my main browser comes from Mozilla. I wasn’t expecting this plot twist.
The cues from the story: What is safe for one person does not always mean security for another.
You have been reading long vision by Ritchie Jennings. You can contact him at Tweet embed or [email protected].
Photo: Benjamin Hayward (via Unsplash)