The online giant gives a leg up to hundreds of house brand and exclusive products that most people don’t know are connected to Amazon It took Robert Gomez about five months to get his Kaffe coffee grinder to the big leagues in e-commerce: among the first three search results for “coffee grinder” on Amazon.com. Gomez, … Continue reading Amazon Puts Its Own “Brands” First Above Better-Rated Products→
Eagerly awaited M1x chip expected to star and be unleashed in new Macs
For the second time in October Apple is hosting a virtual event to reveal new products and software. On October 18, 2021 at 10 the show will start, streamed as usual, from Apple Park.
Virtual events have become the norm since the pandemic restricted the possibility for live audiences. A bright side for this is that the production values for the virtual event have improved drastically in the last year and that makes for great streaming and online consumption after the fact in various forms of edited clips and screen shots.
Coming hot on the heels of the big iPhone 13 extravaganza earlier this month, this is turning out to be a big year for long awaited new products, and the M1x will potentially be the crowning achievement of the year.
Already a hit in the initial release the M series was received with a near ecstatic reaction with many in a state of awe when the upgraded capabilities were tested and measured in the wild.
As is widely known, the Intel i-7 chip was the workhorse for many years, with added cores and clock speeds helping somewhat, but with the M1 there was finally something that could usher in a new era of processors, particularly when used with optimized software from Apple and others.
With the M1x (with being the projected moniker with the actual designation to be confirmed on the 18th) there could be an even larger leap into faster, more efficient processor performance.
Gear lined up according to rumors and best intel on the street
Highly anticipated are MacBook Pros, with various larger screens and possible other hardware upgrades in addition to the new M1x, a mac mini with updated specs would be huge and many have pointed to an AirPod 3rd generation with unknown improvements.
As is often the case, if there are additional announcements they are likely to be big surprises and very interesting, the consensus is so all pervasive that is there is any deviation (like the absence of any of the above) it is going to be a shock.
The tweet from Apple Mktng SVP Greg Joswiak has a fun video that sets the tone for the virtual presentation and is likely to be followed with great content live streamed on Oct. 18th, with the option to tune in later for replays.
Even without surprises this will be a very important event with immense repercussions for all mac users. We will be covering the action live with additional details so please stay tuned.
These disclosures about the how the world’s wealthy and powerful hide their vast fortunes will hopefully turn up the heat on the politicians that maintain the wealth-hiding status quo. This week we are closely watching the disclosures emerge from the Pandora Papers, a massive leak of secret data about the illicit financial activities of the super-wealthy from … Continue reading 5 Key Things to Know About the Pandora Papers→
A huge but little-known industry has cropped up around monetizing people’s movements Companies that you likely have never heard of are hawking access to the location history on your mobile phone. An estimated $12 billion market, the location data industry has many players: collectors, aggregators, marketplaces, and location intelligence firms, all of which boast about … Continue reading There’s a Multibillion-Dollar Market for Your Phone’s Location Data→
The cameras are at the center of what makes an iPhone 13 a Pro investment
Direct hands on experience with something as complex and interesting as the new iPhone 13 Pro Max is invaluable for a useful assessment. After a few days and also taking into account some observations of others I will attempt to shed light on the state of the art of iPhone as of September 2021.
Comparing this iteration of iPhone with the previous versions is meaningful for buying decisions, but it must also be compared based on what it can do for a professional that has a need for a higher grade of gadget.
Judging and comparing the machine as a whole is also necessary, since the cameras are not cameras at all be just one part of an integrated system of visual (and audio!) production tools.
Big changes that begat others and on the circle goes
The first thing I noticed, out of the box was the sheer size of the 13 Pro Max, particularly compared to the 11 Pro Max, which was my previous workhorse. From photos I had gathered that the three cameras stuck out more and, yet they do, so much so that it is almost comical.
If you brave the world sans case and put this monster in your the back pocket of your loose fitting jeans, the bulge from the cameras will feel like you are doing something crazy, as it is as if they are rubbing against anything they touch, continuously.
That’s not all about the physical size, though. Looking at the diameter of the three circles (lenses) they appear significantly larger. Believe me, they are. Since the 11 Pro max and the 12 Pro Max have the same size triple camera layout (spec upgrades notwithstanding) this is an immediate and obvious change.
Above: Photo / Lynxotic
The increased size and weight of the camera itself is noticeable, more than I expected. The screen appears far larger due to the new specs and it is a bit of a shock at first, but the level of quality is the biggest and most noticeable feature.
The design logic has an implied history that jumps out once you start to use the camera system.
The changes to the three cameras are significant. After two years of using the 2019 11 Pro Max the framing options, based on the three lenses is a complete new experience.
The ultra wide 13mm equivalent is a bit of a bold and crazy choice. If I was ordering a set of lenses for a music video shoot the ultra wide might go as far as 11mm (very wide!) but that is basically an EFX look and causes an almost fish-eye look.
The 13mm is literally as wide as you can get without getting into potential “clown” territory, which is fun but not usable for a non-EFX composition.
What is odd, in a way, is that the “main” lens at 26mm equivalent is still very wide meaning that the standard 40mm equivalent, which was always considered the closest to a neutral look, is absent here.
Similarly, the telephoto lens at a 77mm equivalent is exactly the same type of choice – once again in my kit this would have been a 100mm for a deep bokeh and a noticeable sweet spot that is ultra-flattering for close ups and head shots.
The 77mm, therefore, is a long enough lens to get the magnification and emulate the look of a telephoto style. But wait, no glass no bokeh.
Both the 13 Pro and 13 Pro Max have the same sensors, optics, stabilization and features. The three cameras in the Pro models span a 6x optical focal length range.
This is where the logic of the design and how the system works, as a whole, begins to get deep.
Once you have made the commitment to not only extend the range of the entire optical focal length range to 6x the differences between a glass & steel 77mm prime lens and a “cell phone camera” must be addressed.
The 77mm requires the bokeh and relatively narrow in-focus range of a “real” telephoto lens is the stylized creative uses that a full kit of prime lenses makes possible is to be achieved.
This is addressed with the already present portrait mode – with enhanced functionality made possible by the A15 chip, the machine learning, AI and neural network – in other words software and computational assists.
And for video, cinematic mode is an absolute must – since the same bokeh effect and stylized effects are needed and desired for video.
All of this does not include the macro effects that effectively extend the range into the nearly microscopic. This feature requires a whole article, which you can check out here.
Getting to a full photographic system in your pocket, and beyond.
Once the effects and artifacts of the 77mm style glass prime lens have been added to the mix, emulated things get more interesting.
Since the bokeh and artifacts in the cinematic mode for video are computational and not photographic, they are stored separately and can be altered after the fact, just like has been the case with portrait mode all along.
This is a big deal in one way, since it could never be conceived of with traditional lenses and cameras. It also, however, one more variable to consider when putting together a large batch of footage for a project. This adds a new layer of creative flexibility, and choices to contend with.
Further, since the long lens stylizations are a byproduct of and influenced by focus settings, that has to be in the mix also. That produced the need for the cinematic mode which you can think of as a slightly stoned robot focus puller. who is also a little bit psychic.
The first robot camera assistant is already in the box when your phone arrives
Let me explain…. A real life focus puller (doing rack focus settings) in real life would function roughly as follows:
A shot is planned that requires a focus pull from one subject to another – this could be a close shot of a face panning to another face, or a close up that refocuses from the foreground to the background, for example. The focus must also factor in any movement of the camera / dolly.
The two desired subject distances are measured (using a tape measure) and the focus settings noted. In complex shots this can be multiple focus settings and a particular speed of the “rack pull” from one to the next.
Often such complex focus / dolly set ups must be rehearsed multi times just for the focus puller – so that his error does not ruin a perfect take when, for example, the actors get their best performances.
So, in the robot world practice is also good – and a plan is almost essential, but the virtual focus puller will go with the flow, and try to anticipate and predict what you want him to focus on in real time as you shoot.
This is pretty incredible and also, much like autocorrect typing, sometimes very successful and sometimes comical in the outcome. What is tricky is how to get the robot puller to know what you are trying to have as a subject if it is not a persons head or face.
Also, if the action is fast or if you are shooting something that has no pre-determined outcome or script, like a political protest or a sporting event, you will get somewhat random results.
This makes the name apt, since cinematic also implies a movie with a plot and a script.
Conclusions and a few known limitations and caveats
Human greed is a powerful thing. When given a photographic system that even attempts to approximate a profession system based on prime and zoom lenses and accessories, there’s a tendency to want it all, right now!
Of course, instead, what we get is an amazing extension of the iPhone photo tradition – taken up a bunch of notches at once. The computational enhancements are incredible and will only get better – in many cases without a new phone as they are based on AI and machine learning, which as the name implies, are continually improving while you sleep.
There are specific limitations though that should be mentioned about the iPhone 13 Pro camera system.
Cinematic mode only works (currently) in 1080p. This is a serious limitation, since the whole idea of Pro is 4k and above. There are rumors that this could get a software upgrade during the year but it is not clear if or when that will happen.
Along with the lack of slo-mo at any resolution above 1080p there is a lot of disappointment in this issue. It is the reality of how difficult the computational “assist” really is to achieve that makes this a big step that is still in the future.
It is also the reason why real lenses and traditional DLSR cameras still have an important use and value.
The new system unveiled with the iPhone 13 pro is revolutionary precisely because of the potential for people to create new visual expressions and ways of communicating.
These photographic traditions and the efforts that were made in the design to emulate them are important and valuable. However, the future will benefit from the spontaneous and new ways that people will decide to use this evolving system and the current extensions of our eyes, ears and minds….
”It Just Works” is the basic how-to for the new Macro-Mode on iPhone 13 Pro
Steve Jobs was famous for repeatedly using this line to describe in product demos how something was so intuitive that no user manual would ever be needed. While this phrase has also often been used to try to help Apple accountable when something doesn’t “just work” it is a core design principal and an important part of the legacy of Steve Jobs, up until the current day.
The new iPhone 13 Pro (we are using an iPhone 13 Pro Max for photos and testing) has so many new features that it can be overwhelming to try and absorb, at first. Fortunately this one is almost completely intuitive to learn to use, if not obvious.
A short history of what the heck macro photography is
I will never forget when I was first taught about macro lenses and learned how to shoot extreme close ups. I was working with a professional camera operator (as a music video director) and I wanted to do a close up that would be so close as to be considered a macro shot.
Novice that I was at the time, I assumed that you could just keep pushing the camera closer and closer and focus on the tiny area desired, with no further ado. When my operator told me we would need a special “macro” lens adaptor (that we had not ordered as part of our kit), I felt a bit foolish and knew I would need to bone up on the macro ins-and-outs for the future shoots.
For traditional photography and film shooting there are macro lenses and adaptors that can enable super-close-up shots. These can be simple and relatively cheap or more elaborate and expensive for traditional film cameras and digital DSLRs. There have also always been lens attachments that can be used with an iPhone to get some macro capabilities.
Now, with the iPhone 13 Pro and Pro Max you have a built-in software enhanced macro capability that “just works”. Currently this feature is not supported on the iPhone 13 (regular) or mini.
Above: Photo / Lynxotic
Real world test shows some extreme possibilities that beg for more
As with many of the new camera features in iOS15, when using an iPhone 13 Pro, the macro mode is built-in and needs only be triggered by your behavior.
To shoot your first macro photo follow these steps:
Open the camera app and choose either photo or video (not cinematic or portrait
Move the phone closer to the object that you want to shoot a macro photo of. When you get close enough you should see a “jump-cut” indicating that you have automatically switched to macro mode due to the untra-close object in frame have been detected by the software. The macro range appears to be 14cm to 6cm according to specs.
Move camera into position (you might be almost touching the object if you want an ultra-macro-look) so that the object is in focus and shoot.
Above: Photo / Lynxotic
Above: Photo / Lynxotic
Some considerations: With large professional macro lenses, which are “slow”, extra light would be required to get the proper exposure. This is less true with the “computational photography” hybrid on the iPhone 13 Pro, but light conditions, as always, will impact the photo quality, a lot.
In particular, with a huge phone so close to the subject of the photo it is sometimes difficult to avoid shadows cast on the object being shot by the phone itself. It is also a somewhat surreal feeling, at first, to be shooting an object that you are almost touching with the lens.
Our live real world experiments (shown in the various photos above and below) are using every possible combination of lens and the automated software to see just how extreme the results can be. In a word, the answer is; very.
Above: Photo / Lynxotic: A reference photo to give scale, the two following photos show the extreme macro close up possible magnification
Above: Photo / Lynxotic: A reference photo to give scale, the two following photos show the extreme macro close up possible magnification
The future of computational and software manipulated imagery production using iPhone and iOS
Anyone who had initially learned about photo techniques based on the “real world” environment of glass, steel and celluloid will no doubt at times feel confusion, anxiety or even a sense of loss when confronted with software, AI and machine learning based computational photography.
And, yes, purists have commented and complained about the various trade-offs when images are produced with software manipulation during the shooting process.
But, as results here show, most of us will feel a sense of exhilaration at the visual and artistic potentials that are becoming possible – all using a device that is, pretty much always, “in your pocket”.
While a multi-thousand dollar high end professional lens, using optical grade, painstakingly engineered glass (usually from Germany), can be used to produce world class image quality, now and in 100 years, the benefits of computational hybrid photography techniques are already going in a whole new direction.
An important, and nearly infinite, benefit is that these enhancements are being improved, both through human based code improvements, and even more so, by machine learning and AI on a continual basis.
As we’ve discussed in previous articles, the fact that these improvements are inevitable and will potentially even accelerate, “while you sleep” is a mind-blowing concept that spills into all aspects of future potential for iPhone photo techniques.
The trade off is large, if you want to turn off these “artificial” enhancements, you will have to wait for macro mode (or use current work arounds) and then switch off night-mode and personalized filters and other beautifying add-ons in order to get a more “natural” or realistic look.
Apple, meanwhile, is 100% all-in with the idea of making iPhone photography intuitive and as beautiful as possible, even if, in some cases the “beauty” is enhanced beyond reality (!).
The photos and degree of magnification possible with macro mode on an iPhone 13 Pro, as seen in these rough test photos, is almost surreal. So much so that it’s easy to imagine that, not long in the future, a medical grade microscope could be possible. One that “just works”, of course, and usable by anyone, anywhere and all on a device that’s already in your pocket.
Pro 12MP camera system: Telephoto, Wide, and Ultra Wide cameras
Telephoto: ƒ/2.8 aperture
Wide: ƒ/1.5 aperture
Ultra Wide: ƒ/1.8 aperture and 120° field of view
3x optical zoom in, 2x optical zoom out; 6x optical zoom range
Digital zoom up to 15x
Night mode portraits enabled by LiDAR Scanner
Portrait mode with advanced bokeh and Depth Control
Portrait Lighting with six effects (Natural, Studio, Contour, Stage, Stage Mono, High‑Key Mono)
Dual optical image stabilization (Telephoto and Wide)
Sensor‑shift optical image stabilization (Wide)
Six‑element lens (Telephoto and Ultra Wide); seven‑element lens (Wide)
This time, however, could be especially telling, as the top-secret memoir is coming from ex-Trump and Melania aide, Stephanie Grisham. According to Axios, who was first to report of the upcoming text, cited from a publishing source that the book would reveal “surprising new scandals”.
From candid comments it appears that is a gross understatement. One close associate of Grisham’s told Axios:
“When I heard this, all I could think about was Stephanie surrounded by a lake of gasoline, striking a match with a grin on her face.”
former West Wing colleague, quoted in Axios
Grisham has served as aide to former First Lady Melania Trump, as Chief of Staff, and as an aide to Trump as his White House Press Secretary and Communications Director.
Her job in the White House as a press person was to make sure she was in the know of what was happening and therefore got to see the personal side of the Trumps’ that rarely any staffers get to see.
Again, a former West Wing colleague, quoted in Axios: “There isn’t enough water on earth to contain the fire she could set to all of Trump world, including parts like the first lady’s orbit, which not many people are in a position to illuminate.”
Based on sources given to CNN, Grisham’s book will most likely include some of the bigger Trump headlines like the allegations of sexual misconduct and effects of the Stormy Daniels case.
New Orleans, Lake Tahoe, NYC – that’s just this week and just in the US… and a drought in the west that is a serious growing threat The warnings are coming hard and heavy after multiple previous and eerily similar catastrophes, only they just keep getting more severe. Each one is a unique event and … Continue reading These Extreme Weather Events are a preview of the Coming Climate Disasters→
The Apple Tower Theater is officially open and marks one of Apple’s most significant and iconic restoration projects. The company worked alongside restoration artists and the City of Los Angeles in order to preserve the theater which was originally designed back in 1927 by architect Charles Lee.
CEO Tim Cook was in attendance of the grand opening alongside Retail Chief Deirde O’Brien. He took many pictures and selfies with attendees and welcomed the first customers into the Downtown Los Angeles Store.
Customers were excited to explore the Apple Tower Theatre and took the opportunity to snap photos of the beautifully restored arches, as well as getting their hands on the latest products like the iMac, iPad Pro and new iPhone 12.
Though many ambitions and luxurious Apple Stores have be build, including the biggest in NYC, Apple Fifth Avenue, and more recently Apple Store Singapore (see video below), the new downtown LA location is unique in that it simultaneously reincarnates an amazing former mecca for filmmaking and Hollywood glamour and also reimagines it in a compatible and yet up-to-date style.
As the company has surpassed $2 trillion in market capitalization, and is the largest of the big tech giants, the emphasis on community, yet in a beautiful, luxurious setting, is befitting of this giant, yet often underestimated behemoth.
Apple Tower Theatre will be open from 10 a.m. to 8 p.m. from Monday to Saturday, and 11 a.m. to 7 p.m. on Sunday. The Tower is located on the corner of Eighth and Broadway: 802 S Broadway, Los Angeles, CA 90014.
Marking the beginning of a new era of Hollywood tech glamour
Somehow it is slightly disconcerting to see iconic and historic movie theaters repurposed or simply demolished. The former is preferred. However, this is not just any renovation, not just any commercial repurposing.
This is a bold and strategic statement that Apple is not just the future of computing but the future of entertainment, enabler of creativity and the beating heart of digital communication.
In renovating, really rescuing the location, Apple has, seemingly, taken the deeper meanings to heart and tried, with a budget befitting the world’s largest company, to do justice to the majestic, historic landmark, even as they transformed it into a temple to all things Apple.
The link to Hollywood’s glory days is not inappropriate or hard to grasp, and there’s a nod to the innovative and pioneering spirit of those early days of film, and an attempt to draw a lane directly to the potential for Apple’s products and services to enhance creativity, entertainment experiences, and, well, life.
There’s also statement lurking in the transition, potentially a permanent one, which sees in-person pleasures like viewing a film on the big screen in opulent surroundings begin to fade into the past and a move into sales and learning nodes for devices and methods we can use to build and inhabit the metaverse.
In the press release from today the sub-head reads: “Historic theater has premiered new technology since 1927” – in an, apparently, heartfelt attempt to build a link between the technology of today and the entertainment marvels showcased at the theater during a bygone era.
The connections to Hollywood are no longer metaphoric
With Apple in the middle of a long transition away from just devices and hardware and into a service and communications company, the importance and multi-layered meaning of this location is unavoidable.
Creativity and communication, and most of all a deep bond with the emerging “creator class” that Apple itself had a huge role in bringing into being, are at the heart of the message they are sending with this location, the lavish and loving renovation and in the press release itself.
Once literally an underdog, first to IBM and later to the “evil empire” of Microsoft’s Kock-offs, Apple is still, oddly, often underestimated and misunderstood, or at least not understood until changes permeate society.
Nothing says, nay screams, that we are approaching a golden age of Apple than the new Apple Tower Theatre complex. That golden age will occur when the world catches up with the potential of having a professional film production studio in your pocket and all the other technical innovations still to come.
The great singularity of the Apple ecosystem
There is a hugely important convergence coming in the galaxy of Apple products, software and services, that is not yet halfway implemented. The next couple of years are bound to see powerful, sometimes confusing, always remarkable advances in the company’s offerings and the way that we interact with them.
And now, with the Apple Tower Theatre in LA, there is also a mecca which can be the end destination for any pilgrimage of the faithful. Also, with Hollywood creative talents literally around the corner, what better location could there be as a reminder for the power brokers that AppleTV+ is here to stay and plans to engage at all levels and intends to seek options on any deal.
Today at Apple Creative Studios will reach out to budding creativity everywhere
Strongly associated with the theater’s launch is also a enlargement and
Today at Apple Creative Studios – the project is a global initiative for “underrepresented young creatives” and is an ongoing part of Today at Apple which is hosted at Apple Stores worldwide.
As per the Apple press release:
“In collaboration with the nonprofit Music Forward Foundation, as well as Inner-City Arts and the Social Justice Learning Institute, Creative Studios LA will provide access to technology, creative resources, and hands-on experience, along with a platform to elevate and amplify up-and-coming talents’ stories over nine weeks of free programming.”
Apple: The overhead dome, which originally depicted scenes full of clouds and cherubs, had been painted over in a previous restoration. It now brightens the space with an atmospheric sky.
“Today at Apple will also offer public in-store sessions at Tower Theatre and virtual sessions hosted by Creative Studios teaching artists and mentors, including photographer and filmmaker Bethany Mollenkof, rapper and producer D Smoke, singer-songwriter Syd, and cellist and singer Kelsey Lu. Noah Humes and his mentor, Maurice Harris, two artists who worked on the mural outside Tower Theatre inspired by the spirit of Creative Studios LA, will also teach a virtual session. Everyone is welcome to register at apple.com/creative-studios-la.”
“Originally home to the first theater in Los Angeles wired for film with sound, the historic Tower Theatre was designed in 1927 by renowned motion-picture theater architect S. Charles Lee. That legacy of technological innovation continues today as the perfect venue to discover Apple’s full line of iPhone, iPad, and Mac, each of which has transformed modern-day filmmaking, photography, and music composition.”
“Upon the closing of its doors in 1988, the space has lain empty and unused. With the same level of care found in previous restoration projects, Apple collaborated with leading preservationists, restoration artists, and the City of Los Angeles to thoughtfully preserve and restore the theater’s beauty and grandeur. Every surface was carefully refinished, and the building has undergone a full seismic upgrade.”
Apple Tower Theatre Opens Thursday at 10 a.m.
The store team will welcome its first customers Thursday, June 24, at 10 a.m. Apple Tower Theatre will be open from 10 a.m. to 8 p.m. from Monday to Saturday, and 11 a.m. to 7 p.m. on Sunday, with team members ready to provide support and service to all visitors. For those wishing to order new products online, customers can get shopping help from Apple Specialists, choose monthly financing options, trade in eligible devices, receive Support services, and elect for no-contact delivery or Apple Store pickup.
Less than 14 hours of Free Standard shipping for all orders Not everyone is a Prime member of the giant retail behemoth. And not everybody wants to be. And independent booksellers have not exactly benefited from the rise of the giant. If you love books, appreciate bookstores in your local area, or just know a … Continue reading No Prime? No Problem – Free Shipping on all Bookshop orders for Prime Day→
Pride month power grows as the community becomes larger and stronger One year ago, June 2020, in correspondence with protests around the country, spurred on by the killing of George Floyd, Pride month parades become protests and took on a new meaning. In the middle of the pandemic it was a tense time, important elections … Continue reading Pride is 365: June is for Celebrations→
Hundreds of PPP Loans Went to Fake Farms in Absurd Places by Derek Willis and Lydia DePillis for ProPublica ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. “This story was originally published by ProPublica.” The shoreline communities of Ocean County, … Continue reading Hundreds of PPP Loans Went to Fake Farms in Absurd Places→
Although a hit ‘The Bomber Mafia’ is less known than previous Gladwell bestsellers With “Blink” (2007) and “The Tipping Point” as well as “Outliers” Malcolm Gladwell burst onto the scene with a new kind of popular non-fiction. Rather than being another single minded academic focused on a particular specific niche, it was in choosing what … Continue reading New Malcolm Gladwell Book Selection for Summer 2021→
The TikTok indicator is saying crypto is here to stay…
It was, astoundingly, less than a month ago, May 8th, 2021, that Ethereum reached an all time high of $4,169. That was two days after Dogecoin, full of Musk momentum, hit .69 cents, after starting the year around .10 cents. Bitcoin had peaked about a month earlier at $63,674 on April 12th.
As is so often seen in manias, bubbles and feeding frenzies, at the time you could not find a person in America who was not talking about crypto. The proverbial shoe-shine boy was now your cousin, your uncle even your grandmother and they were all bursting with FOMO after reading the articles, especially the ones about the Dogecoin millionaires, who had made fortunes starting with a tiny sum.
Now, many of those same people are seeing a typical reversal, correction, bear phase, whatever you want to call it, and they are just as convinced of crypto’s demise today as they were that it was a sure-thing less than a month ago.
The kids get it and are not backing down
Much like TikTok itself, the later arrivals to the huge phenomena that is Crypto are the old and out-of-touch, not the young and fast. Interestingly, an anecdotal survey of young and successful crypto “influencers” on TikTok and other social media are not shocked about the downturn. They get it.
Many have been learning about and actively involved with the crypto world for years. There is a real sense that the corrupt events that led to the financial crisis and near collapse in 2008 shaped their thinking and hardened their resolve to search for a better way. Crypto’s ideals and independent foundations have provided that in a real, tangible way, it seems.
While the mainstream of the media and the bulk of the financial establishment swing from an almost grudging respect to complete derision and rejection, it appears to be the underlying concepts and ideologies that present such a stark contrast in the perspective of up and coming generations.
While perhaps no less vulnerable to the excitement of 20,000 % gains and other sensational enticements, there is a somewhat surprising depth and resolve that is demonstrated in a level headed and clear thinking allegiance to the reasons crypto was created in the first place.
The outlandish price gains (and drops) are only window dressing
At the core of the question of crypto’s eventual widespread adoption and long term success lies a simple truth: fiat currencies and the governments that print them are a big problem for the world’s future. And, naturally, the new generations of the future will be those that are most affected.
What Elon Musk recently called “The true battle… between fiat & crypto” is one that Gen-Z appear to understand in ways that 100-year-old billionaires like Warren Buffet and his side-kick Charlie Munger do not. Or maybe they just side with the financial establishment they helped build, to the bitter end.
For any reading this that also “get it”, it would be wise to understand that, even at this early phase in the future of “the true battle” there is an army rising. It is not one of suicidal fossil fuels and battlefield tanks but one of ideology and belief in the possibility of a better way.
The army that will stand up for the survival and continued development of cryptocurrencies and blockchain and “DeFi” are not a few random conscripts, they are the generations of the future and they have chosen a side.
For that reason, all signs point to an unlikely permanent collapse of cryptocurrencies and an impossibility of banning or stopping them. It is already too late to prevent their eventual rise.
Some best authors arise with new non-fiction Sometimes it seems like the truth is hidden. Not just hidden but deliberately withheld while obfuscation and misdirection are everywhere. If you want to learn about how to survive, how to live and prosper, more and more it feels like the superficial sources (including “free” online articles) are … Continue reading Hot, New, Meaningful Non-fiction→
A secretive algorithm that’s constantly being tweaked can turn influencers’ accounts, and their prospects, upside down By: Dara Kerr It was the middle of the pandemic, and Mason McClellan had just started his first semester of college in Georgia. He was stuck at home, learning remotely, and had more time than expected on his hands. … Continue reading Shadow Bans, Dopamine Hits, and Viral Videos, All in the Life of TikTok Creators→
In the Director – Star pairing this marks the fourth try
Has anyone noticed the seemingly sudden surge in new films announced and confirmed for release dates? Especially for theatrical runs? And doesn’t it feel like summer is kicking off artificially early? I guess that’s a sign of all of us wanting to kick-in the teeth of the lock-down era. Miami was just a beginning, perhaps.
Part of the reason, of course, for the sudden surge in film release activity, is the need to push forward and outward various productions that were previously on ice due to the pandemic. One example of this phenomena is “Wrath of Man,” from MGM and Miramax, which will get its theatrical launch from United Artists on May 7. As already mentioned this is the newest, fourth match-up between English filmmaker Ritchie and action staple Jason Statham.
The first date that was set for this film was an optimistic January 15th, which just so happened to coincide with the peak of what is now being called the “third wave”, and certainly no fortuitous release date, action god or no.
A second scheduling attempt was originally set for April 23rd until finally landing on the May 7th date. That date is traditionally one that can be a strong one for future summer blockbusters and was, luckily for “Wrath of Man” recently vacated by “Black Widow” which has been shifted by Disney to July 9th for both streaming on Disney+ and in theaters.
Whew! Stay tuned for more updates as the changes and new confirmed releases are happening, seemingly, by the hour. Oh, and enjoy the trailer.
Odd facts that illustrate the world today where Elon Musk says BitCoin is “less dumb” than cash. He’s right. Cash also known a “fiat currency” is a piece of paper with a promise to pay on demand nothing in exchange when presented.
It does have a legal framework behind it, meaning you go to jail if you try to use your own version. There’s that.
The Tesla CEO said that investing in Bitcoin is a “less dumb form of liquidity than cash” after his company bought $1.5 billion of the cryptocurrency.
“To be clear, I am not an investor, I am an engineer,” he said on Twitter. “I don’t even own any publicly traded stock besides Tesla.”
The idea that Tesla and other companies are having concerns over the stability of cash, and concerns over the effectively negative interest rates in the mean time is clear.
Bitcoin may not be a solution that will be permitted by the Government (think gold in 1934). But a reckoning is a-comin’ and it will get interesting.
There is no doubt that Elon Musk is a genius who is doing great things. Perhaps it is his genius for finance that is most underestimated, however, considering his funding success throughout the years.
Some stats:
Regulatory Credits, aka, Carbon Tax credits, as per CNN:
It’s a lucrative business for Tesla — bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla’s net income of $721 million — meaning Tesla would have otherwise posted a net loss in 2020.
“Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit [on Bitcoin holdings] over the last month…To put this in perspective, Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its EVs in all of 2020…” source: Wedbush’s analyst Dan Ives
SpaceX income in U.S. Gov contracts and subsidies:
LA times estimated that already by 2015 Various Musk led businesses took in over 4.9 billion in government income:
“Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.” – LA Times
“The research note titled SpaceX: Raising Valuation Scenarios Following Key Developments, listed the company’s recent $1.9 billion funding round and the “continued momentum in winning government contracts” (mainly from NASA and the U.S Department of Defense) as key reasons for its revision of SpaceX’s value. The note doesn’t bother to mention important financial details like SpaceX’s current revenue or estimated revenue for 2020 or even 2021. Or whether SpaceX is profitable or not.”
According to @elonmusk "Bitcoin is almost as BS as fiat money." So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. #Gold is not BS. It's real money and better than both!
