Some fascinating Bitcoin developments: As I predicted, Mt. Gox just got trouble with its US dollar processor, Dwolla. Meanwhile it comes out that a cabal of developers has de facto control over the Bitcoin network and is devaluing very small wallets. The net effect of this is to reduce the money supply, deflating Bitcoin to benefit those with large holdings.
So even as Bitcoin is revealed to have its own central bankers, the new Megaupload is getting censored per New Zealand law, as Kim Dotcom weighs (heavily) in against Obama to attempt to distract from this censorship.
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Some legislative action still ongoing: the Senate looking to fix the ECPA, an email search law that was written to the technology of the time, and now defies the expectations of its framers.
I was told Amazon and eBay would like the sales tax compact, but eBay is coming out against it, spamming its users. But the Senate continues to support it.
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I can’t agree with Jerry Brito on cybersecurity legisiation. That the President did the wrong thing, the wrong way, doesn’t mean we don’t need the right thing done the right way. It’s time we stopped playing blame the victim.
How about more Free Press? Mike Wendy thinks they need to man up, a fair point. Instead of trying to silence opponents, debate. Then Jonathan Lee makes another great point: Free Press trying to silent AT&T isn’t exactly advocacy for a free press, is it?
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Justice is impeding the Sprint/Softbank merger. Gee, whoever could have predicted that if Sprint funded the left-wing effort to embolden Obama administration action, then Sprint itself could suffer bad consequences? I wonder. It wasn’t me, was it? I didn’t point out that Sprint Nextel itself had a history of mergers, such as the Sprint-Nextel merger, did I? Hmm.
Hey Chuck Grassley: The first amendment is not a suggestion any more than the second amendment is. There is no Video Game exception that I saw. You’d have to be as special as the Vice President to think think citing the words of a crazed murderer as an authority helps you make a point, anyway.
Besides, it is not your job to dictate ‘artistic value’ to others, nor does your own job have ‘artistic value.’ So if you would silence others who do not have ‘artistic value,’ then that do we conclude about your right to speech? Everybody knows you never go full Biden, Senator.
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Remember when they told you Net Neutrality was needed? Remember when we said it was really about favoring online firms over telecoms? Told you so, told you so, told you so. Netflix now blocking select ISPs, trying to use market power in order to bully their way to sweetheart bandwidth deals, knowing ISPs can’t fight back under Net Neut regs, aka the Open Internet order.
PS Told you so.
It remains ridiculous that the Aaron Swarz suicide continues be politicized to the point that we’re putting innocent prosecutors under pressure, pressure that defies cross-examination due to the death of the key witness.
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Top story: the FCC is moving forward with spectrum auctions, providing incentives for television stations to auction off their spectrum for wireless Internet use. We could see the auctions completed by the end of 2014.
Everyone admits there’s a spectrum crunch, and on the right and left of the FCC they say it’s a difficult question of how to transfer spectrum to alleviate it. Greg Walden is right though that this is good “if implemented well.” Bruce Mehlman of iia calls it “a terrific start” and that’s also true.
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Look, 11,000 pages of regulations have been added under Barack Obama. Consider that the Federal Register only needed 71,000 pages total in 1975. These regulations are being added without transparency, as well.
This is too much, and he wants to grow government further with an executive order on Cybersecurity, which is rightly opposed by a group of Senators in the Wall Street Journal. Enough is enough.
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So, the FCC put out another report (the “706 report”) that just pushes an agenda rather than reporting the true facts about high speed Internet in America. Commissioners McDowell and Pai tell it like it is. We’ve also got Broadband for America telling the story. I’m not even worried about the details: the FCC is saying what they feel they must say to justify expanding government.
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Hey, digital libertarians? Hope you’re ready to move on from Barack Obama, His administration thinks the First Amendment is an obstacle to greater government on the Internet, and not something that must be respected or protected by the courts when it gets in the way. This of course turns the First Amendment on its head.
I guess in the Democrat parallel world Tim Wu and Barack Obama inhabit, the amendment says “Congress shall make no law… unless we really, really want to regulate, then it’s fine.”
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Quick hits night. Enjoy!
Google beats Oracle on the matter of patent infringement in the big Java/Android case. So the only question left is how the copyright matters will be resolved.
New York legislators want to censor the Internet? Come on guys, come on.
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