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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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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When Jim DeMint and Steve Scalise first started talking about reforming the regulated relationship between broadcasters and cable companies, oh the fits that were thrown. Even a certain conservative group jumped out in front complaining. But look: these regulations are worth big bucks to the side they favor, and the negotiation deadlocks they produce don’t help the public, they only force everyone to deal with blackouts.
The comprehensive reform package commonly referred to as Retransmission Consent reform should pass. I wonder if FCC thinks it will, as it has begun by tweaking Must Carry rules itself, possibly as pre-emption?
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Good evening. I’m considering shifting Tech at Night to Tuesdays, Thursdays, and Saturdays. But I might not. I’ll have to think about it.
So, more CISPA. The comparison with SOPA is absurd. I put out a challenge for anyone to refute the claim first by the Republicans and now by Facebook that there are no new mandates in CISPA. No takers so far. That’s because CISPA is not SOPA.
In fact I’m disappointed that CISPA backed down on copyright infringement, as that was the real reason for the CISPA objections. Anti-copyright radicals were angry about property rights.
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Ah, the FCC. If The FCC wanted to do incentive auctions to free up spectrum for wireless Internet, they could just do it. They wouldn’t need to set up a task force to talk about the National Broad band Plan to consider it, while instead getting involved in unrelated things like making its own security rules. We need FCC reform. Just say yes to Coase.
Remember when they said that an AT&T/T-Mobile merger would cost us jobs, as only after the merger would there be layoffs? Oops, the FCC and Holder DOJ cost us jobs, instead.
Of course, we also need Senate reform, better known as electing Republicans.
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Yup, I’m back. And I have roughly a week’s worth of stuff to cover, so let’s go.
Top story seems to be that The Obama/Holder Justice Department has no problem with Google’s vertical integration takeover of Motorola Mobility. Interesting. I also await word on whether Google will drop all aggressive patent lawsuits, as they claim to use patents only defensively.
Some people never learn. Google and Microsoft support the runaway FCC against Republican attempts to constrain the regulators to using clear, consistent, fair rules for spectrum policy. Sure, I understand that some such as Darrell Issa are unhappy about the unlicensed spectrum restrictions, but my view on this bill is mend it, don’t end it. What we do need to end is the ability of the FCC to micromanage industry by managing the FCC in a reasonable and responsible way. Greg Walden’s bill should pass in some form.
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Top story tonight is of course the major win by the triple alliance of George Soros and his front groups like Public Knowledge, Sprint Nextel, and the Obama administration’s dual agency of the FCC and the DoJ. Yes, AT&T has given up on acquiring T-Mobile. I believe they will now have to pay a sizable fee to T-Mobile as compensation.
This is bad news for those who respect property rights and for those who favor competition in the market, as Mike Wendy notes at Media Freedom. AT&T will be short of spectrum, as TechFreedom notes, a key reason competition will be reduced. It’s not just AT&T users hurt; anyone who now would not be interested in switching to AT&T due to inferior 4G LTE rollout now suffers from less leverage in the marketplace. That can only result in sustained high prices for 4G Internet service.
When this news broke I was so mad I could burst. But hours have passed and now I’m just disappointed.
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Net Neutrality goes to court. Great news, too: Verizon’s preferred venue won the lottery, and the Net Neutrality fight will happen in the DC Circuit Court of Appeals. This is, of course, the same circuit that slapped down Net Neutrality last time in Comcast v FCC.
Oh, but here’s a big surprise. Despite the FCC claiming previously that “We look forward to defending our open Internet framework in court,” they’re actually doing everything they can not to have to defend it in court by attempting to get Verizon’s appeal dismissed. So much for that day in court.
As for Sprint Nextel, even as they sue claiming competition will be impaired if T-Mobile and AT&T join up, their own strategy update presentation admitted the truth. See the 9:46AM slide, showing the growth rate of the year-on-year net postpaid subscribers across the top four providers. In 2010, Sprint was the only one to accelerate, while AT&T saw the biggest drop in its growth. In the first half of 2011, Verizon and Sprint are accelerating, while would-be deal makers AT&T and T-Mobile look on pace to notch their third and fifth (respectively) years of slower growth.
Yes, that’s right. Sprint’s gaining subscribers at a faster clip, and is trying to keep the laggards from combining to keep the pressure (and 4G prices) up. And they’ve gotten the Barack Obama/Eric Holder Department of Justice to help, using your taxpayer dollars.
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So, Net Neutrality has been published. Now nothing can stop Verizon’s lawsuit over the illegal power grab. Remember: the FCC has tried this before, when they went after Comcast. They lost. It’s not unreasonable to expect them to lose again.
Meanwhile, federalism continues to be trashed as Puerto Rico jumps into the game. They don’t want to pay taxes but they want to block our free market. Lovely. If only AT&T could get territories dismissed even as it tries to dismiss the anti-competitive lawsuits of its competitors.
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November 20. That’s the day the Obama administration has chosen to regulate the Internet after what even The Hill calls “a partisan vote” at the FCC to pass the Net Neutrality regulations. I’m hoping Verizon and/or MetroPCS will sue and win a stay before that date, though I don’t know how likely that is for a court to act that strongly.
I’ve said much about the House and its strong opposition to Barack Obama’s regulatory overreach, but Senators are unhappy as well. Kay Bailey Hutchison is ready to fight. It looks like she will push to get the Senate to go forward with using the Congressional Review Act, as the House already did, to repeal Net Neutrality.
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