Odds and Sods

The Tube, if it told the Truth - Kudos Buzzfeed

Every time you think that Twitter has become more silly than it was, something existential like the above emerges in your feed and you stay hooked. That is all you need to know about Twitter's ongoing value proposition.

(Actually.....I have a meeting in town today, I can either get there from Tourist Tat or Eric Pickles.....oh the choices)

The (non) regulatory annual Bitcoin crash


News today that Mt Gox may well have been turned over - Forbes:

On Monday, a day after CEO Mark Karpeles “resigned” from the Bitcoin Foundation board, the Mt. Gox site shut down citing “ the potential repercussions on MtGox’s operations and the market.”

Meanwhile a leaked document circulated by Bitcoin entreprenuer and blogger Ryan Selkis suggested a massive hack that robbed the site of 744,000 coins, or $380 million at Bitcoin’s current value; that’s 6% of all Bitcoin in circulation. The document is a “crisis strategy” PowerPoint presentation that appears to have been prepared by a third party trying to come up with ways to cover up Mt. Gox’s troubles.

This was always going to happen, as we've pointed out before, and there is no restitution - no one is insuring bitcoin holders against losses. And, just as predictably, post crash there will be regulation:

U.S. lawmakers say the Mt. Gox implosion is proof that the Bitcoin industry requires strong regulatory oversight.

“The disturbing news today from Japan is a reminder of the damage potentially ill equipped and unregulated financial actors can wreak on unsuspecting consumers,” said Sen. Tom Carper (D-Del) in a statement. Carper helped organizing hearings in November that sent Bitcoin’s value soaring. “My staff is working closely with relevant federal agencies to determine what lessons can be learned from this failure to help ensure this does not happen here in the United States.”

“As any industry matures it will face growing pains and there will be individuals who believe they can use the fog of uncertainty to cover up their follies,” said Carper.

It's probably going to happen again before that though, as Bitcoin's decentralisation and lack of oversight is both its strength and Achilles heel

Eddie Izzard de Latine

Vel potest esse solebas, nunc demum urget ab Anglis translate it lorem fermentum. Post haec audivi quasi. Et omnia, quæ sunt Cæsaris Caesar reddens. Quod ultimum test, nimirum, est ut in ipsum interprentatur interprentatorum:

Or it may be you used to be now at last comes driving from the English Translate goes to the counter button. After that I heard. And all the things that are Caesar's, Caesar, Ep. That the ultimate test, of course, is as to produce in interprentatur interprentatorum:

Non ne forte....

Hmmm...Dies ne des opus

There is a new head of the Borg. But it is the Borg*. He will be assimilated. Resistance is Futile. That is all you need to know.

*Though interestingly, he attributes his rise to cricket Maybe the Borg will be assimilated instead, cricket being a very subtle, insidious Force....

Nelson Rolihlahla Mandela (Rolihlala, his given Xhosa forename, means "troublemaker" by the way ) died yesterday. I've never been a fan of the "Great Man" theory of history, believing that it is systemic - but in this one case, I'd make an exception. There is no need for the Beloved Country to cry, but to rejoice in what he has achieved, not least the prevention of bloody civil war. In my view the principles of Truth and Reconciliation should be made globally mandatory after any conflict.

Satire has a marvellous way of telling deep truths via humour, and internet newspaper The Onion sums up Madiba's impact perfectly (above)

RIP Madiba

(We went to the same university, so I like to think I walked in his footsteps just a tiny bit - mainly to the canteen, I suspect, in my case......)

...or not. But if we cannot remember the past, we are doomed to repeat it. And some modern trends look worryingly like trends in the 1910's and 1930s.

Today is Ada Lovelace Day, celebrating women in Science, Technology, Engineering and Maths. Elaine Morgan died this year, she helped develop a fascinating thesis of a part of human evolutuion, and was a very talented woman.

On her thesis - like many I was curious about why, of all the land mammals, only humans and pigs have little body hair and do have subcutaneous fat, whereas all sea living mammals have them. Morgan wrote about the Aquatic Ape theory. (Wikipedia):

Morgan first became drawn into scientific writing when reading popularizers of the savannah hypothesis of human evolution such as Desmond Morris. She described her reaction as one of irritation because the explanations were largely male-centered. For instance, she thought that if humans lost their hair because they needed to sweat while chasing game on the savannah that did not explain why women should also lose their hair as, according to the savannah hypothesis, they would be looking after the children. On re-reading Desmond Morris's The Naked Ape she encountered a reference to a hypothesis that humans had for a time gone through a water phase, the so-called aquatic ape hypothesis. She contacted Morris on this and he directed her to Alister Hardy. Her first book The Descent of Woman (1972) was originally planned to pave the way for Hardy's more academic book, but Hardy never published his book.

Morgan's first publication was mentioned by E. O. Wilson in 1975, comparing it to other "advocacy approaches" such as The Imperial Animal as an "inevitable feminist" counter, but describing the method as less scientific than other contemporary hypotheses. Morgan accepted this criticism and her later books were written in a more scientific tone, or more "po-faced" as she herself described it. As an outsider and a non-scientist she claims to have encountered hostility from academics. Consequently many of her books seem to be written as much to counter the many arguments put forth against the Aquatic Ape Theory as to advance its merits.

I remember being delighted when I read "The Descent of Woman" in the late 70's, as it was clear it was both a fascinating hypothesis and tweaked the nose of the existing heirarchy. The theory is still at the sidelines of scientific thought (though there is still no good explanation of why we and pigs are more like Dolphins in so many ways), but good for Elaine for squaring up to the scientific establishment and rocking it.

She was also a fascinating character and quite the Renaissance woman (Wikipedia again) :

Elaine Morgan began writing in the 1950s after winning a competition in the New Statesman, successfully publishing, then joining the BBC when they began to produce her plays for television. Morgan's works included popular dramas, newspaper columns, and a series of publications on biological anthropology. Morgan wrote for many television series including the adaptations of How Green Was My Valley (1975) and Testament of Youth (1979). Her other work included episodes of Dr. Finlay's Casebook (1963–1970), the biographical drama The Life and Times of David Lloyd George (1981) and contributions to the Campion (1989) series.

She won two BAFTAs and two Writers' Guild awards. She also wrote the script for the Horizon documentary about Joey Deacon, the disabled fund-raiser. This won the Prix Italia in 1975. She was honoured with the Writer of the Year Award from the Royal Television Society for her serialisation Vera Brittain's Testament of Youth (1979). In 2003 she started to write a weekly column for the Welsh national daily newspaper The Western Mail, and in this role was awarded Columnist of the Year for 2011 in the Society of Editors’ Regional Press Awards. She was awarded an honorary D.Litt. by Glamorgan University in December 2006,[7] an honorary fellow of the University of Cardiff in 2007, and awarded the Letten F. Saugstad Prize for her "contribution to scientific knowledge"

RIP Elaine, Renaissance Woman in an over specialised age.

Ronald Coase died yesterday, he won his Nobel Prize for understanding transaction costs in business value chains and externalisation of costs (eg pollution), these have been critical to understand online economics and tehe volution of digital business, social business just being the latest iteration. Wikipedia:

Coase is best known for two articles in particular: "The Nature of the Firm" (1937), which introduces the concept of transaction costs to explain the nature and limits of firms, and "The Problem of Social Cost" (1960), which suggests that well-defined property rights could overcome the problems of externalities (see Coase Theorem). Coase is also often referred to as the "father" of reform in the policy for allocation of the electromagnetic spectrum, based on his article "The Federal Communications Commission" (1959), where he criticizes spectrum licensing, suggesting property rights as a more efficient method of allocating spectrum to users. Additionally, Coase's transaction costs approach is currently influential in modern organizational economics

He is also famous for his take on lies, damn lies and statistics - "If you torture the data enough, nature will always confess"

MG Siegler on Tech Blog News:

A few months ago, I found myself in an odd position — with some time off. A lot of it. Naturally, I decided to use the time not to disconnect, but instead to double-down on tech news. I set out to achieve “Pocket Zero” and catch up on nearly everything I had saved to read later but never got to over the past year or so.

A few dozen articles in, a pattern started to emerge. By the time I had read a few hundred articles, I had my thesis for what I’ll call the “75 — 20 — 5 Rule”.

That is, on any given day, I’d say 75 percent of what you read in the tech press is somewhat accurate, 20 percent is complete bullshit, and 5 percent is actually true.

Only 20% is complete bullshit? I think that way underestimates it! When you get large numbers of scribblers who barely understand the technology, have little grasp of economics and Kiplings 5 Servants, but loaded to the gunwales with opinions and funded by vested interests, you are not going o get a lot of truth.

MG references the PandoDaily whoopsie, where whispered innuendo, repeated enough times, eventually got reported as fact, but as he notes they are just a notable outlier in the dynamic:

There has long been a “speed versus accuracy” debate within the tech blogosphere. When I was in that world, I was definitely in the “speed” camp. Get something out there and let the truth reveal itself — process journalism, baby. If the readers aren’t comfortable with that, let them read elsewhere.

But my fear now is that we’re veering too far into the world of half-truths and straight-up bullshit. Everything reported on, no matter how inaccurate is often taken as gospel and spread further. Speed and exaggeration have won, accuracy and nuance are nearly dead. It’s not quite another age of yellow journalism yet, but we’re getting there.

Siegler does note that the mainstream media is generally more accurate, which, 10 years after the Great Blogging Revolution began, signals the beginning of the end of the Pirate Days, when newcomers invade with alternate funding and agressive business practices to steal market hare off incumbents (see chart above, predicting in 2008 that the end would have begun by 2013, oddly enough)

Anyway, I think the figure of 95% of news being somewhere on the spectrum of complete bullshit to somewhat bullshit is probably about right, which is of course what has given Broadstuff such a rich ecosystem to feed on. Finding material to write mildly satirical stories about the industry since 2006 has been like shooting fish in a barrel*

*And the fishy story stocks are not depleting, either. We could push out Tech satire Onion style, in Mashable volumes if we desired.

A true renaissance woman, and author of the fascinating thesis that man was at one time an aquatic ape. An outsider who shook the field of evolutionary anthropology.