Sometimes the cronys win, sometimes the cronys lose. They’re reportedly winning on STELA, the bill that scared entrenched, well-connected TV broadcasters because it as going to make them compete for cable dollars in a way that they never have had to in 70s-era winners-and-losers regulations. It’s still likely a good bill, but just not the pro-market bill it could have been.
The good news is the cronys are reportedly losing in Colorado, as entrenched taxi services are feeling the threat from new, innovative competitors. Let the customers decide, not government.
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Have you heard about The Weather Channel trying to force Dish Network to buy its programming? Yes, they actually want the Obama administration to force that to happen. They claim it’s a public service, except ratings are falling and they don’t even do exclusively weather anymore. Guys, it’s 2014: People get the weather on the Internet and on their phones. Nobody needs to watch cable TV for weather anymore. We must not use government to subsidize this buggy whip manufacturer.
Bitcoin continues to be used for crime, and leading Bitcoin groups are clouded by scams, so it’s no wonder Joe Manchin wants to ban the whole thing.
I can’t really blame him. I can’t support it – we already have money laundering laws – but I understand it.
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It’s very interesting how effective Edward Snowden’s pro-Russian propaganda has been in some countries. In some countries WhatsApp is being fled in favor of a Russian app. I guess the world is more worried about NSA than “gay rights” or political prisoners, eh? That’s an effective scam, right there.
Netflix uses a lot of bandwidth, and if they start broadcasting 4k movies, then that amount is going to go up. It’s a lot of one-way bandwidth, too. There’s no interchange of data going to and from users. It’s all being piped out. So the traditional concept of ‘peering’ where two Internet companies connect for free to send data both ways, really doesn’t make sense. Thus, Netflix is owning up and making deals to cover that bandwidth. More deals are likely coming. This is good news, as it means realistic investments in Internet infrastructure to make sure we all have enough room for the data we download. The fact that the Net Neuties are shrieking hysterically about this just proves what I was saying all along: Net Neutrality was all about trying to socialize the Internet.
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I’ve been talking about FCC overreach in this space for a long time, but now the Obama FCC is trying so hard to go so far, everyone’s noticing now. Yes, the FCC’s plan to attack free speech got so much unkind attention that it’s been pulled, for now. Don’t count on it being gone forever, though.
Because they still haven’t given up on Net Neutrality. Commissioner Michael O’Rielly points out that Chairman Tom Wheeler’s plans are wrong and an overreach, however just as importantly, Commissioner Ajit Pai calls it “Groundhog Day” because this will make at least the third attempt to grab this power.
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Anarchy update: The black marketeers at Silk Road 2 got robbed for a Bitcoin amount worth over $2 million at current exchange rates. Iran shut down another black market ring, Germany and the Netherlands have joined the global hunt to shut down Silk Road and spinoffs. Keep in mind these online black markets are used for drugs, hired killings, child pornography, human sex trafficking, and anything else you can think of that’s a problem in society. They try to say “Oh it’s just pot,” but it’s not. It never is.
In another bad sign for digital currencies. another prominent digital currency, Dogecoin, is experiencing a major glitch that threatens to disrupt commerce or even take people’s money away from them. Why do people tolerate all the volatility and instability of digital currencies? Easy: it lets them evade the law. That’s it. That’s why these things are going anywhere at all, because they’re a magnet for the scum of the earth.
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Even the Glenns Greenwald now admits that NSA work leads to dead terrorists. We come to the true agenda of Edward Snowden and his accomplices: hindering America and aiding our enemies.
It’s a real shame that the NSA was apparently pretty insecure. Fortunately it sounds like he would fail today.
Bitcoiners have even been scamming their allies, Mt. Gox.
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