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The Bitcoin/Virtual Currency Bubble – Beware of the Alchemy of “Abundance Economics” – Part 2 The Code War Series

Bubbles happen because people ignore economics and assume away reality in their excitement over a new idea. “Virtual currencies” could be the latest tech “economics of abundance” bubble in the making. Fans of abundance economics imagine that the free and open Internet’s near zero marginal cost of borderless transactions will ultimately slay traditional economics of scarcity.

Cyber-utopians imagine that currency, or money, is a simple function, like any other product or service that they have made openly available to everyone in the world at virtually no cost on the Internet. They imagine the only thing that matters with the business of money is how money is transmitted.

They assume creating money is just a coding and crowd-sourcing task. How hard could that be? What possibly could go wrong? It’s only money.

A Must Read: The Constitutional Foundations of Intellectual Property by FSF

For anyone interested in intellectual property rights, there is a new must read post by the Free State Foundation entitled: "The Constitutional Foundations of Intellectual Property," by Randy May and Seth Cooper.

It is simply outstanding. It has great clarity of thought, scholarship and wisdom.

It should become a succinct go-to piece that explains the philosophical and Constitutional underpinnings of property rights generally and intellectual property rights specifically.

Don't miss it, and please let others know about it. 

 

 

 

What is The Code War?

Ever wonder why there are so many never ending tech policy and political battles?

Why there are so many recurring:

  • Content battles over copyright and anti-piracy enforcement?
  • Software battles over open source versus proprietary software and the legitimacy of software patents?
  • Broadband battles over net neutrality, data caps, and spectrum allocations?
  • General battles over online privacy, surveillance, cybersecurity, and hacking?

Ever wonder why so many of the same people and entities are involved in the same tech policy and political battles over and over again?

The answer is it is an ideological struggle, but not the 20th century kind with which most people are familiar, for example like progressive vs. conservative, or republican vs. democrat. This is a new and different kind of ideological struggle between realspace and cyberspace that is unique to the 21st century and to the Internet Age.

The Evidence that Google Bamboozled the EU Competition Authorities – Part 21 Google Unaccountability Research Series

Look at the evidence to judge for yourself if Google bamboozled the EU Competition authorities.

 

Simply, compare the long list of major EU concessions to Google to the short-list of minor Google concessions to the EU – made in the EU-Google settlement negotiations to resolve the investigated problem of Google’s anti-competitive search bias.

 

The evidence shows Google dominated these negotiations. Given that most everyone would agree that the sovereign European Union is vastly more powerful than corporate Google, and given that the EU’s competition law and enforcement process is well-known to be very tough, a logical conclusion from the upside-down outcome of these negotiations is that Google successfully bamboozled the EU competition authorities. 

 

I.    Background

 

Movie Review of “Google and the World Brain”

Google and the World Brain” -- Presented by Polar Star Films; Directed by Ben Lewis; An Official Selection of the 2013 Sundance Film Festival. See the movie's website here, and facebook page here. To view the two minute trailer – click here.

Review: Four stars out of four. 

In telling the important untold story of Google’s Herculean and controversial efforts to digitize all the world’s books, Director Ben Lewis’ genius insight was unearthing the fascinating “why?” behind it all – which is Google CEO Larry Page’s deep passion for Artificial Intelligence or “AI.”

Google’s many innovations are well known. What has not been appreciated until the debut of this outstanding documentary film is how Google’s frenetic innovation machine fits together. Ben Lewis effectively offers us a new organizing principle to understand why Google alone has a mission to organize the world’s information – Larry Page’s quest to create an Artificial Intelligence.

Cellphone Unlocking Effort a Trojan Horse to Gut DMCA Digital-Locks Copyright Enforcement – Part 10 Defending First Principles Series

I have repeatedly warned that the so-called copyright “reform” movement is deceptive because it masks its true purposes. It knows that the real change it seeks -- to neuter anti-piracy enforcement – is an out-of-the-mainstream idea and a political loser. 

So the copyright-neutering movement uses an elaborate Trojan-Horse deception – a politically-contrived “cell-phone unlocking” problem -- as its political entrée into the copyright legislative process to forward its real goal of gutting DMCA digital-locks enforcement.

Cellphone Unlocking Legal But Cellphone Lockpicking Illegal – Keeping Copyright Neuterers Honest

Rhetoric aside, the Administration drew an underappreciated and principled line in defending property rights in its deft partial support of the Free Culture petition to the White House to “make unlocking cellphones legal.”

For those paying attention to the whole Administration statement, the Administration included a critical caveat protecting property and contractual rights: i.e. one should be able to legally unlock a cellphone “if you have paid for your mobile device, and aren’t bound by a service agreement or other obligation.”

Mr. Khanna’s Call to Arms Over Cellphone Unlocking is More Copyright Misrepresentation -- Part 8: Defending First Principles Series

Free culture activist, Derek Khanna, has thrust himself into the limelight again with yet more misrepresentations of copyright law. His latest copyright-neutering effort is a “call to arms” to “the digital generation” to oppose a Librarian of Congress 1998 DMCA copyright ruling, that it is illegal to break into a cell-phone’s software in order to “unlock” it -- without the permission of, or payment to, the software’s owner.  

Big Internet’s Most Special Interests – Part 7: Internet as Oz Series

If the Internet Association is presumptuous enough to unilaterally deem itselfthe unified voice of the Internet economy,” I guess we should not be surprised that on the same day that our duly-elected President delivered the State of the Union, the unelected President of the Internet Association would be presumptuous enough to deliver the “State of the Internet.” 

Googleopoly X: Google's Dominance is Spreading at an Accelerating Rate -- See Pictorial Analysis

Please see the full pictorial analysis in “Googleopoly X: Google’s Dominance is Spreading at an Accelerating Rate"here.”

The conclusions and recommendations for antitrust authorities are reprinted below.

  • Note: Given the old adage is true that a picture is worth a thousand words, please don’t miss the Googleopoly pictorial charts that: make this complex subject much simpler and more accessible; tell this important story more interestingly and clearly, and enable the reader to better understand the critically important big picture dynamics addressed in this analysis.

A. Conclusions:

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Q&A One Pager Debunking Net Neutrality Myths