As can be seen in the tweet above, Elon Musk has announced that he is working with Dogecoin developers to improve system transaction efficiency. He feels, apparently that this ongoing development, an effort to improve energy efficiency, no doubt, is “promising.
This comes after both his silly kinda-sorta negative jokes from his Saturday Night Live appearance a week ago, and his subsequent announcement regarding bitcoin and issues with energy consumption (see below).
Regardless of those issues being about perception or reality, which is an ongoing hot debate within the crypto community, at least the issue of making crypto even more viable as a medium of exchange and store of value is being talked about in good faith serious tones.
This is an indicator of his highly positive attitude and beliefs regarding the future of Bitcoin, Dogecoin and cryptocurrencies in general.
PR nightmare abated and pre-empted by announcement that Tesla will no longer accept Bitcoin
In a sudden about-face Elon Musk announced that Tesla would not accept Bitcoin for its environmentally friendly electric vehicles after all. This, after the company made big news when it purchased $1.5 billion of the cryptocurrency which was revealed in an SEC filing.
In the first quarter report of 2021 the company revealed that it sold a portion of its Bitcoin and netted a $101 million profit. That number represented nearly a fourth of the reported total profits for the quarter.
An even larger contributing factor to the positive news at the time was the massive sales of regulatory credits were $518 million. In other words, profit from Bitcoin and government subsidies was basically 100% of the upside. Car sales, not so much.
Enter the massive media frenzy over the energy use “wasted” on Bitcoin mining and you have a PR disaster waiting to happen for Tesla and Musk. Naturally, clever lad that he is, it was prudent to cancel, at least temporarily the policy of allowing customers to pay with Bitcoin.
Odd thing is, there are many worse things sucking up energy than Bitcoin. And the mining will not stop or slow down because Tesla is not getting any for its cars. But the perception that there’s a “great cost to the environment” from crypto-mining is enough to make this sudden announcement mandatory from a PR standpoint.
Though not mentioned in the tweet where this policy change was announced, it is unlikely that Tesla will go forward with accepting Dogecoin, which was mentioned recently by Musk also, due to the perceived similarities in the mining process.
In the statement attached to Musk’s tweet he also states that they will potentially use a crypto currency if it can be used at an energy cost of less than 1% of Bitcoin per transaction.
This is a separate issue from the mining energy usage but it has also been a criticism that the energy expended to transact using Bitcoin is very high, compared to what is a separate question. Perception is at the root, but wanting more efficient crypto is certainly a laudable goal.
This part of the statement will no doubt lead to feverish speculation as to which cryptocurrency might meet his stated requirements.
Elon Musk’s support for cryptocurrency is, like his commitment to sustainable energy, a positive stance and, before his personal success became completely overblown, a courageous one.
Taking on the fossil fuel industry, it’s easy to forget, was no easy feat in the early days. And, similarly, the inevitable upcoming clash between crypto-adherents and governments (printers of fiat currencies) will need established eminent “super-citizens” to give crypto a chance of survival.
For that reason it is good to see that this does no represent a rejection of crypto itself on Musk’s part, but a necessary response to mounting criticism based on the perception of hypocrisy.
You can bet that, if there is a way to mine with sustainable energy sources (actually in many ways already happening) he will reverse his stance yet again.
Singer Grimes made a cameo and was present alongside partner Elon Musk on the recent Saturday Night Live episode. The artist posted photos taken backstage, including with musical guest Miley Cyrus, a few days later, adding that she was recently hospitalized due to a panic attack.
This isn’t the first time Grimes has been open and shared information about her mental health issues, explaining in a 2012 interview she struggled with bad social anxiety and sometimes experienced panic attacks.
Grimes played Princess Peach in a Super Mario type themed sketch. It was also revealed the two went to a crypto-themed after party. Its not exactly clear if social anxiety or other factors played into those situations.
The artist also posted the following on her Instagram page:
Forgot to post these cuz I somehow caused myself to have a panic attack and went to the hospital yesterday which tbh was quite scary and I suppose it’s a good time to start therapy 😑😑😑. But nonetheless – wowwwww @mileycyrus is good live and so chill! So grateful to the SNL team for being so kind and letting me sneak in as princess peach snd so proud of my beautiful E (which I know will upset the grimes fans so I apologize in advance) but he killed it
National Alliance on Mental Health
Grimes sharing her struggles only helps to highlight the reality that millions of Americans face daily with mental health issues. The month of May also happens to be mental health awareness month. Now you are not alone. If you are struggling and need support. The NAMI HelpLine can be reached Monday through Friday, 10 a.m.–8 p.m., ET. 1-800-950-NAMI (6264) or info@nami.org
In a sudden about-face Elon Musk announced that Tesla would not accept Bitcoin for its environmentally friendly electric vehicles after all. This, after the company made big news when it purchased $1.5 billion of the cryptocurrency which was revealed in an SEC filing.
In the first quarter report of 2021 the company revealed that it sold a portion of its Bitcoin and netted a $101 million profit. That number represented nearly a fourth of the reported total profits for the quarter.
An even larger contributing factor to the positive news at the time was the massive sales of regulatory credits were $518 million. In other words, profit from Bitcoin and government subsidies was basically 100% of the upside. Car sales, not so much.
Enter the massive media frenzy over the energy use “wasted” on Bitcoin mining and you have a PR disaster waiting to happen for Tesla and Musk. Naturally, clever lad that he is, it was prudent to cancel, at least temporarily the policy of allowing customers to pay with Bitcoin.
Odd thing is, there are many worse things sucking up energy than Bitcoin. And the mining will not stop or slow down because Tesla is not getting any for its cars. But the perception that there’s a “great cost to the environment” from crypto-mining is enough to make this sudden announcement mandatory from a PR standpoint.
Though not mentioned in the tweet where this policy change was announced, it is unlikely that Tesla will go forward with accepting Dogecoin, which was mentioned recently by Musk also, due to the perceived similarities in the mining process.
In the statement attached to Musk’s tweet he also states that they will potentially use a crypto currency if it can be used at an energy cost of less than 1% of Bitcoin per transaction.
This is a separate issue from the mining energy usage but it has also been a criticism that the energy expended to transact using Bitcoin is very high, compared to what is a separate question. Perception is at the root, but wanting more efficient crypto is certainly a laudable goal.
This part of the statement will no doubt lead to feverish speculation as to which cryptocurrency might meet his stated requirements.
Elon Musk’s support for cryptocurrency is, like his commitment to sustainable energy, a positive stance and, before his personal success became completely overblown, a courageous one.
Taking on the fossil fuel industry, it’s easy to forget, was no easy feat in the early days. And, similarly, the inevitable upcoming clash between crypto-adherents and governments (printers of fiat currencies) will need established eminent “super-citizens” to give crypto a chance of survival.
For that reason it is good to see that this does no represent a rejection of crypto itself on Musk’s part, but a necessary response to mounting criticism based on the perception of hypocrisy.
You can bet that, if there is a way to mine with sustainable energy sources (actually in many ways already happening) he will reverse his stance yet again.
Was it really a knock on Crypto, or was there a hidden plug in the details?
Elon’s big night in NYC was awkward, as expected and he should probably keep his day job. The highlight, for pretty much everyone on earth (not sure about mars), was the Weekend Update segment where Musk appeared as Lloyd Ostertag, a crypto “expert” dressed in professorial garb.
Watch the clip below, and you will notice that, although the punchline was a dis’ on Doge, saying, or rather “admitting” that it’s a “hustle”, a detailed listening to Musk’s entire speech reveals some gems that go in the opposite direction, for those that follow crypto, and, well, money.
The dollar is just as real (or unreal) as DogeCoin
In a comedy skit looking like it was designed to avoid scrutiny by the SEC, the writers at SNL, presumably with Musk’s help, decided to put a negative spin on both mentions of DOGE during the show. First, in an exchange with his Mom, Maye, Musk sheepishly grins and nods after she says she “hopes it won’t be DogeCoin” referring to her Mother’s day gift.
He eventually capitulates and, after saying that DogeCoin is “about as real as that dollar” he “concedes” that “it’s a hustle”.
Elon Musk, as LLoyd Ostertag on Saturday Night Live, May 8th 2021
Later, in the “Weekend Update” segment Musk plays “Lloyd Ostertag” who calls himself the “DogeFather” – and the anchors ask repeatedly, in a somewhat dismissive tone, “what is DogeCoin?”. The gag is that he, as Ostertag, eventually capitulates and, after saying that DogeCoin is “about as real as that dollar”, “concedes” that “it’s a hustle”.
While the bulk of his appearance in the segment does reconfirm and support his actual views, in a smirking and slightly deprecating way, as Ostertag”, it also underscores a deeper truth that cryptocurrencies are “as real as the dollar” (some would say more real). However, in the end, the punchline is a negative way to sweep all of that away, with a nod to Buffet, Munger and the SEC, thereby toeing the line and insuring himself one less courtroom headache.
DOGE has the last laugh? Is Crypto dead? Doubtful…
As of Sunday, May 9th, DOGE is hovering around .51 cents. The Muskian peak was .74 cents on May 7th. This means that, although there was a decline on the “news” that Musk would not break the SEC rules by blatantly pumping DogeCoin on live national TV, the coin is still up approximately 33% for the week, 734% for the last month and 19,446% for the last year. And, according to Elon Musk, aka Lloyd Ostertag, aka the DogeFather, it is “about as real” as that dollar in your pocket.
Is any chosen form of “money” any more of a “hustle” than another?
Elon’s big night in NYC turned out, not surprisingly, to be less than climactic for the Shiba Inu meme crypto coin DOGE as it was seen sinking during the show and on Sunday. A wise man once said “correlation is not causation” and yet can anyone or anything be responsible for the drop in the high flying cryptocoin other than Elon and his Mom?
In stock market lingo this was what’s known as a “date certain” event. Meaning, the entire world knew that Elon would be on SNL and would, one way or another, mention DOGE, given that he has been endlessly associated with the coin in the media, and it’s a “joke” that has to be told, if only to prove to the SEC that he is really just joking. “Look guys, I am literally on a comedy show talking about this”, he seems to be saying.
“Buy the Rumor, Sell the News”
For good measure, and to avoid scrutiny by the oversight body, he, and the writers at SNL, decided to put a negative spin on both mentions of DOGE during the show. First, in an exchange with his Mom, Maye, Musk sheepishly grins and nods after she says she “hopes it won’t be DogeCoin” referring to her Mother’s day gift.
He eventually capitulates and, after saying that DogeCoin is “about as real as that dollar” he “concedes” that “it’s a hustle”.
Elon Musk, as LLoyd Ostertag on Saturday Night Live, May 8th 2021
Later, in a sketch with 100% focus on the crypto coin, the “Weekend Update” segment features Musk playing “Lloyd Ostertag” who calls himself the “DogeFather” – who is asked repeatedly “what is DogeCoin”. He eventually capitulates and, after saying that DogeCoin is “about as real as that dollar” he “concedes” that “it’s a hustle”.
While the bulk of his appearance in the segment does reconfirm and support his actual views, in a smirking and slightly deprecating way, as Ostertag”, it also underscores a deeper truth that cryptocurrencies are “as real as the dollar” (some would say more real). However, in the end, the punchline is a negative way to sweep away all of that, with a nod to Buffet, Munger and the SEC, toeing the line and insuring himself one less courtroom headache.
Was it the Day of reckoning for Dogecoin? Possible but doubtful
As of Sunday, May 9th, DOGE is hovering around .51 cents. The Muskian peak was .74 cents on May 7th. This means that, although there was a decline on the “news” that Musk would not break the SEC rules by blatantly pumping DogeCoin on live national TV, the coin is still up approximately 33% for the week, 734% for the last month and 19,446% for the last year. And, according to Elon Musk, aka Lloyd Ostertag, aka the DogeFather, it is “about as real” as that dollar in your pocket.
Having two plans to save the world, and being Elon Musk, the questions are fascinating and a bit bizarre
It was bound to happen, sooner or later. So many fantastic triumphs over evil – starting a company with a goal of accelerating sustainable energy and transportation. And then , not only succeeding at that but challenging the fossil fuel industrial complex, beating them, then basically forcing the major automakers across the globe to finally make the shift into all electric vehicles.
And SpaceX, though launching rockets is a messy thing, at least the Starlink Satellite Broadband internet project is something that will help humans all over the earth to decentralize, potentially a much needed option, if or when the coastlines begin to shrink and overpopulated coastal megalopolises are at the bottom of the ocean.
Forever win streak has an end in sight?
But Mars? There are some questions about that. For example, if the Earth rescue is so important, and if it succeeds (please!) then why would anyone want to live in a place like Mars?
Elon Musk replies cryptically to this lovely Mars Clip
As Shannon Stirone wrote in the Atlantic this week: Mars Is a Hellhole. And further: Colonizing the red planet is a ridiculous way to help humanity. Ok. There are issues. It’s a bit cold, an average surface temperature is a deadly 80 degrees below zero according to the article. Wow, and it has no magnetic field to help protect its surface from radiation from the sun or galactic cosmic rays; it has no breathable air.
Those are all enough for anyone to want to double down on the whole “let’s fix the earth” thing.
Unless…. Musk being the genius that he is, could it be that he is hedging his bets? Has he basically already decided that this whole Climate Change thing has already gone too far? And Earth is beyond saving?
Others have pointed out that by putting even a tiny fraction less effort into saving this planet in order to try and colonize another one, one that is 3.7 billion miles away, btw, could jeopardize the slim chance still there that climate change can be slowed, stopped, even reversed before it’s too late.
A list of goals and accomplishments that dovetail nicely into a world saved, or?
So what is the Mars thing really about then? I have to be honest it might be just fine. Give “Emperor Elan” the benefit of the doubt. Tesla’s are damn S3XY and they are also a perfect first step into transforming the world transportation and even energy generation and storage into something sustainable, and that’s downright perfect: utopia and having the time of your life all at once.
So, why not just throw in Mars and a nice little colony there, just for kicks? The whole mental-telepathy, Neurallink, thing, that’s gotta be useful too and, along with AI and Hyper-loop, let’s do it all, shall we?
Perhaps it does all fit together in some way that is invisible to the rest of us. Why, when Earth seems to need all our attention, particularly with political inaction and even obfuscation and attempted sabotage of the paths to a green future, why put so much into Mars right now?
Hopefully the answer is right around the corner, or at least less than 3.7 billion miles away.
What began as a “Better Than Nothing Beta” is morphing into to a better than expected sign-up drive
According to SpaceX, there are now more than 1,000 subscribers actively using the service. With its current beta version, the Starlink satellite kit for both domestic and international, users can expect data speeds ranging from 50Mb/s to 150 Mb/s and latency from 20 to 40 ms.
In a response on Twitter, Musk promised that speeds would double to up to 300 Mb/s later this year. He also mentioned that the latency should improve to 20 ms.
“When satellites are far from Earth, latency is high, resulting in poor performance for activities like video calls and online gaming. Starlink satellites are over 60 times closer to Earth than traditional satellites, resulting in lower latency and the ability to support services typically not possible with traditional satellite internet,” based on the Starlink’s website.
Speed will double to ~300Mb/s & latency will drop to ~20ms later this year
The speed is the key and faster (with lower latency) is what everyone needs
300 Mb/s will be a very welcome speed upgrade, particularly for those in low to medium population density areas that are the primary target. Musk noted that those in city and urban areas, cellular will often have more advantages than satellites since those systems will be improving also, with 5g roll outs, for example.
Musk’s goal is to have most of the Earth covered and at least partially subscribed by 2022.
Most of Earth by end of year, all by next year, then it’s about densifying coverage.
Important to note that cellular will always have the advantage in dense urban areas.
Satellites are best for low to medium population density areas.
Those living in rural areas of the UK and using the beta version of the Starlink satellite are already seeing higher-than-originally-promised internet speeds.
Many who had previously only had traditional (traditionally slow and bad that is) satellite internet were astounded by the extent of the improvement, and pleasantly surprised on measurements how fast the service already is, considering there are many continuous improvements yet to come.
According to an interview from one user who lives in Bredgar, Kent, his household’s service often lagged between .05 and 1 Mb/s making simple tasks like streaming Netflix or downloading video games impossible or nearly so. Using Starlink he now averages 175 Mbps to 215 Mbps which a stark difference than his prior service.
For the rest of this year and into the foreseeable future more Starlink satellites are expected to be launched into orbit nearly every week, and the eventual total could reach over 30,000, the number already approved by the FCC (max total 42,000!). It is unclear if that number will be necessary, or ever achieved, but the service will see steady improvements as the total density increases.
Also, Musk has indicated that, beginning in 2022, there will be a new satellite design upgrade featuring laser systems to allow for satellite to satellite interaction. Speeds after those improvements come online might eventually reach 2Gbps which is faster than the terrestrial fiber systems currently available to consumers.
If you want to order, or pre-order with a timeline based on the availability in your area, you can register on the Starlink website. Bear in mind that the program is currently limited to users in select regions in the Northern US, Canada and the UK. The price for the Beta service is $99 a month plus a $499 one-time fee for the equipment.
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!
Tesla CEO, Elon Musk took to Twitter and tagged the official account for the Kremlin to ask if Russian president, Vladimir Putin would like to join him in the new social networking audio-only app Clubhouse.
He then followed up with the initial question with a tweet in Russian, when translated, reads: “it would be a great honor to talk to”. It is unclear what his ideas are on the topic or goal of having this highly visible, public, yet intimate chat. Speculations have pointed to issues that SpaceX, Starlink and Tesla have had getting opportunities in Russia, but the real reason or outcome could be something entirely different. Never a dull moment when Elon takes to social networking:
Kremlin spokesman Dmitry Peskov told reporters on a conference call: “In general, this is of course a very interesting proposal, but we need to understand what is meant, what is being proposed… first we need to check, then we will react.”
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“We want to figure it out first. President Putin does not personally use social networks directly, he doesn’t have them” said Peskov.
This isn’t the first invitation Elon Musk has publicly asked of high profile people, last week he also asked and seemingly confirmed via Twitter that he and Kanye West would chat on the app. At this time there has been no confirmation of date or time when the two would be on Clubhouse, however there have been many rooms on the highly anticipated topic (Where is Kanye West?).
Prominent business and political figures have been propelling the Clubhouse app to a large increase in membership, even while the app is still invitation only and iOS-only (no android yet).
Mark Zuckerberg, who has allegedly been studying the app to produce his own copycat version, as well as celebs like Oprah and The Rock and many others have also all set up accounts and been involved in chats (room sessions).
Yesterday there was an hours long session hosted my Mr. Beast of YouTube fame who has nearly 50 million followers on the video streaming platform.
Game changing ubiquitous broadband en route to you via laster links
At Lynxotic we have been following the development of the Starlink Satellite broadband with keen interest since 2019. In the early days it was all about the plans from various contending companies, though SpaceX was always far ahead in it’s technological system and, due to the spectacular success of SpaceX, as a launching and re-launching behemoth.
Now, with a launch schedule that is industry leading, by far, along with help from additional funding sources, and as the beta test phase continues, this is starting to look like a system that, even by 2022-2024 could impact the world in many of the extreme ways we have been anticipating.
Newest announcement marks more than a milestone, it’s a new game entirely
The first two Starlink satellites, Tintin A and Tintin B, were launched on February 22, 2018. At that time there were many companies with various technical solutions for the best way to create a satellite based broadband internet service.
Starlink at that time was planned to be a unique system using a large number of satellites (up to 42,000, potentially) and an even larger number of small base stations (up to over 1 million). Another system dubbed “LeoSat”, now defunct, had a more ambitious approach, in terms of the speed goals, which was to establish a commercial level “terrestrial backbone in space” using satellites directly connected to each other via lasers.
By putting a router on a satellite and having all the satellites interconnected in space with lasers rather than fiber, LeoSat would create a terrestrial backbone in space with all the features and benefits that traditional terrestrial backbones and networks have — but now with the benefits of space.
-Ronald van der Breggen, former Chief Commercial Officer at LeoSat
The project, which was the most technologically ambitious at the time, in ways that were nearly opposite from SpaceX’s Starlink, failed to hang on to its $2 billion investment commitments, and went under after only six months during the initial start up phase.
Both the technical proposal of using satellites directly connected to each other via laser in order to achieve speeds faster than current terrestrial backbone fiber bases systems, along with the commercial potential of servicing high end business customers, has now seemingly dove-tailed into a typical best-case-scenario for, who else but, you guessed it, Elon Musk and SpaceX.
The void left by LeoSat’s demise left a hole in the future of satellite broadband. And now, the question of who would fill the $2 billion concept-space left by LeoSat, appears to be nearly confirmed by Elon Musk.
Ultimately, the more pertinent question is: ‘Who is offering similar services and can benefit from LeoSat’s demise?”
By taking the key technology that is still at the forefront of satellite development in 2021, and fashioning a way to transition its use into his growing constellation that would eventually incorporate laser links between satellites, in addition to the ground stations, Starlink’s future has suddenly morphed into one with an entirely new scope and potential.
How, when and what will be possible if all continues apace
With a few tweets Elon Musk has caused a stir (surprise) and released enough news to paint a whole new picture of what the future of Starlink and world internet might look like in the coming years.
Over the projected time frame it will require to get to many thousands of satellites launched, even at the current pace of around 120 per month, the system would, conceivably, expand in coverage, speed and performance at a steady pace with 1500 satellites added yearly.
Naturally more launches could speed this up, and it will be an ongoing experiment to determine what kind of coverage and performance are possible as the constellation takes shape with milestones in the build-out during the ongoing process.
One impediment to a rapid race, to the loftiest end goal of worldwide coverage at 10Gbps, is cost. Currently the cost of the laser upgrade is prohibitive.
“Bringing down the cost of the space lasers and producing a lot of them fast is a really hard problem that the team is still working on.”
Having an orbiting 10Gbps terrestrial backbone in space with worldwide access would be a “Ludicrous Mode” for the internet
Really, that’s a huge understatement. The system would be a continuous boon, not only to the current uses for connected human communication, but for uses as yet impossible or barely possible with current systems.
And, oh yes, not only would the speed and connectivity be of a different order of magnitude but it would enable de-centralization of connected humans (WFH, anyone?) on a scale barely imaginable today.
Oddly, this could be a “just-in-time” invention (similar to Musk’s “Plan B” to use a Mars exodus as a final escape from a dying planet) that could enable a transition to rural and sparsely inhabited areas if, or when, global warming puts highly populated coastlines under water all around the world.
The vast problems facing humanity, medical, economic, even political and scientific, could all benefit from more connected communication among the minds that are already working hard to find solutions.
Indeed, it is somehow fitting that Musk, and not a rapacious-greed-monster like Amazon, could add, via SpaceX yet another world-saving tool into his kit. Tesla is already a sustainable energy conglomerate thinly disguised as a S3XY car company, and in a slightly more round-about way, SpaceX is, in essence, the back-up plan in case becoming an interplanetary species is no longer optional after the ravages of the climate crisis.
Now, with Starlink looking like a compatible engine for the acceleration of positive change, via networked communication and education, which is desperately needed as a resource to help drive the first two endeavors, a world reducing trifecta seems possible.
Whatever one may think of Elon Musk’s charismatically quirky personality and twitter feed, right now his enterprises are light years ahead and the reason, beyond once in a century genius, is the right mission and motivation: saving us all from ourselves.
Some key stats:
Current “better than nothing” beta speeds for testing volunteers: 100 to 150 megabits per second.
The long term goal, once the laser link system is fully implemented is to enable speeds of up to 10Gbps (!) Speed estimated are believed to factor in the speed of light being around 50 percent faster through a vacuum (space) than through glass (fiber)
Number of satellites launched to date : 1,023 out of an eventual 42,000 applied for
Coverage: Initially cities and especially rural areas in North America and branching out to worldwide access once the size of the constellation increases enough. Continuous software and hardware updates are planned with a planned life expectancy for each satellite of up to four years, allowing for newer, improved models to replace the retired units.
Once all various components are in place there is a plan to achieve a resilient network utilizing “multiple routing options to every Starlink and Gateway.”
Altitude: low-earth-orbit: SpaceX has applied with the FCC for permission first-generation satellites in orbits from 540 to 570 kilometers (336 to 354 miles), in addition to the originally approved range of 1,100 to 1,325 kilometers (684 to 823 miles). This has annoyed possible competitors (mainly Jeff Bezos’ “Project Kuiper”)
“Since being granted its own ‘license,’ Amazon has engaged in continuous campaign to undermine authorizations from competitors,” SpaceX noted in a statement
If you want to participate in the “Better Than Nothing Beta”, register on the Starlink website to register for the public beta. Please bear in mind that the program is currently limited to users in select regions in the northern US. The price for the Beta service is $99 a month plus a $499 one-time fee for the equipment.
The story that won’t stop and the very fine people on all sides
No heroes, plenty of villains and lots and lots of nonsense and stupidity. But before getting into the nuts and bolts of this tragic “new” phenomena, take a second and think about all those media stories, in nearly every online media outlet, even hitting local news.
Each “take” on the story has a different slant and spin and almost none go into the boring and complex technical details of stock trading schemes. Most, it appears, are cheering on, implicitly, the “main street” buyers in an imaginary “war” on Wall Street.
[Disclaimer: Nothing in this article should be construed as legal or financial advice.]
That will get you more clicks.
A few will point out that GameStop, the company that is, which has no real prospect to rise from its comatose state into a Tesla-like world beater, regardless of how high the stock climbs for a few weeks or so.
And they will, rightly, warn that in this game, the “innocent” main street “investor” will lose in the end. Those are the boring stories. Not as many clicks for them.
The longer more accurate story of what is going on touches on the Great Depression, the Dot-com bubble, the financial crisis of 2008 and an understanding of stock trading that goes beyond the patience threshold of the general public and the media, even beyond most so-called Wall Street Insiders.
History does exist, even if it happened before your uncle was born
Up until 1934 many things were legal and rampant that today, technically, are not allowed. Insider Trading is the most obvious and best defined, look up Martha Stewart and jail time if you want to know more about that.
Collusion in the market is another less well known practice, also known as “pump & dump” that has as many variations as Ponzi schemes and, though illegal, will never be stamped out. The technical terms for Colluding in relation to stock trading are “securities fraud” or “market manipulation.”
Not to get technical but here’s an partial excerpt of the legal specifics:
15 U.S. Code § 78i – Manipulation of security prices
(a) – (2 To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
Enter Reddit’s r/wallstreetbets forum. Not saying that there is anything illegal about “loving” a company as a group and choosing to “support” it by buying its shares.
Even if the motivation (false and imagined) is to “hurt” the short sellers in some kind of Robin Hood attack, that’s probably not something the SEC would care about. Short selling professionals can take care of themselves.
Enter another part of history: the allegedly overvalued company effect
Attacking short sellers has become a kind of sport, particularly when it’s about an emotional connection that was partly responsible for a company’s shares being “overvalued” by traditional metrics in the first place. Once “overvalued” therefore, a target to be sold short by traders and hedge funds that believe in quaint things like profit to earnings ratios and the like.
While company’s share prices being “overvalued” is based on opinion and often wrong, there have been recent cases, since the NASDAQ bubble burst in 2000, that have added a somewhat new, larger, twist on the typical understanding of these types of situations.
Bubble is as bubble does
To take the biggest example, there is Amazon (AMZN) which would take a thousand page book to accurately and fully elaborate on, but for the sake of brevity a couple of points could be made.
It is well known that Amazon posted substantial losses for many years while the stock price generally continued to rise. This was attributed to shareholders’ willingness to forgo proof of financial success within the company and persisted in buying & holding in the hope that share prices would continue to rise and that the company eventually would show profits and more success.
All of that seemed to happen, in the case of Amazon, when viewed casually, and now there is a sense, among some, that overvaluation, in “outlier” cases, is no longer a valid reason to sell (or short) a stock. Everybody’s happy right?
The uses of inflated value is a sticky-wicket if you are the loser
Not everybody. Naturally there are many “bad” short sellers who likely lost by shorting Amazon during it’s unrelenting rise since 2000. They are unlikely happy.
But also, and here’s the rub, there were whole industries crushed by the power that came with that “over-valued” stock price that seems, from looking at reams of data, to have been used to finance the selling of goods at substantial losses for “as long as it takes” to damage competitors.
Ultimately, for Amazon, creating a possibly dangerous monopoly (or monopsony, as it were) position with the potential for further damage to not just competition, and the overall marketplace, but to society as a whole.
Tesla is a whole other story, but a completely unique one
However, the situation is clearly not black and white. An alternate opinion could be held regarding the similar, yet very different, situation at Tesla (TSLA). Short interest throughout the rise? Absolutely. Overvaluation by traditional metrics, yup.
But in this case there is both a technological argument to be made, as well as a geopolitical / moral one, that the company’s wider mission: “Tesla’s mission is to accelerate the world’s transition to sustainable energy” is a more than validjustification for wanting to support the company, in any way possible, including through the purchase of it’s purportedly overvalued shares.
That kind of goodwill is the x-factor that is now being twisted into a justification for pumping GameStop (GME) into the stratosphere, beyond the kind of overvaluations that either Amazon or Tesla ever enjoyed (and that’s saying a lot!) while downplaying the “dump” part of the “pump & dump” scenario.
Of course here’s the tragic part; the dump phase always comes, and in reality, is the whole point. Next… ooopsy, while writing this the dump started with GME in the form of a drop from around $500 per share to $226.
For a sub-$20 stock, of course, that’s still extremely high and there will no doubt be gyrations in both directions before the final drop back to obscurity.
Twas ever thus, but still not nice
But the tragedy is in the idea, bandied about in the media and amplified in social media infinitely, that there are “Robin Hood” actors in this game (not the company but the dude in the forest in the movie).
In the end there may be a few that knew all along that “dump” was an integral and necessary part of pump & dump and I am sure there will be plenty of celebration of their “genius” exploits.
But the focus from any of us in the media should be at the tragedy of those that got lost in the hype and stupidity and chose to offer themselves up to the gods of GameStop, the market and Reddit’s r/wallstreetbets as cannon fodder:
”I was in my early teens during the ’08 crisis. I vividly remember the enormous repercussions that the reckless actions by those on Wall Street had in my personal life, and the lives of those close to me. I was fortunate – my parents were prudent and a little paranoid, and they had some food storage saved up. When that crisis hit our family, we were able to keep our little house, but we lived off of pancake mix, and powdered milk, and beans and rice for a year. Ever since then, my parents have kept a food storage, and they keep it updated and fresh.”
”I bought shares a few days ago. I dumped my savings into GME, paid my rent for this month with my credit card, and dumped my rent money into more GME (which for the people here at WSB, I would not recommend). And I’m holding. This is personal for me, and millions of others.”
”You can drop the price of GME after hours $120, I’m not going anywhere. You can pay for thousands of reddit bots, I’m holding. You can get every mainstream media outlet to demonize us, I don’t care. I’m making this as painful as I can for you”.
Elon Musk is one of the most interesting humans, and now he is also, at any given moment, the wealthiest. It’s somewhat unusual, even on Twitter, to see anything but positive and supportive reactions to his tweets, given the level of love and admiration he has among followers.
Above: Photo / Adobe Stock
Add to that the concrete, if cryptic, pledge to donate 100M towards a prize for the “best carbon capture tech. It has been pointed out that this is .05% of his net worth, but that is an odd calculation, it seems, since Tesla itself is firmly on the side of climate rescue, with it’s stated mission to “to accelerate the world’s transition to sustainable energy”.
It is, as a matter of fact, what separates Musk from almost every other tech-billionaire: His motivations are not to acquire wealth as an end but only to support his planet and species saving efforts. Others, such as his sometimes rival (not worthy) Jeff Bezos, can not claim any such thing with a straight face (or any believability).
The reactions were swift and attempted humor but also truth
The number of replies that popped up swiftly proposing planting trees as likely the best “carbon capture tech” that would deserve such a prize was noteworthy. Because, in one of the few criticisms of the EV revolution that Tesla has started, it is likely not enough to rely solely on “S3XY” technology to save the world from carbon emissions causing global warming and climate change.
Not only is the plant-a-tree a valid rejoinder to the idea that some kind of elaborate technological breakthrough is needed (Bill Gates recently suggested blotting out the sun as a cooling solution), but there are also other “low tech” solutions that should not get short-shrift in order to fund expensive, possibly overly technological, solutions to a problem of our own making.
The recent highly acclaimed documentary film “Kiss the Ground” proposes soil regeneration to reduce carbon emission, improve health benefits of food and, at the same time actually reduce the amount of carbon already in the atmosphere.
The arguments made by this excellent documentary beg the question: why not take funds, such as those being offered by Elon Musk, and divert them first towards obvious, low-tech solutions with proven results, rather than funding a moon-shot style tech search for a method that may, in then end, like so much that has come before, have unintended and even possibly negative repercussions.
At the very least, shouldn’t a portion of this 100 million, or even an equal sum (purportedly amounting to, therefore, 1% rather than .05% of Musks net worth) be allocated to existing, proven methods, rather than a search for new tech invented out of whole cloth?
Twitter posts hit a nerve, now maybe government and private funding should follow common sense
This is not a scientific or detail specific criticism. There may well be “issues” with planting trees or recovering damages soil around the world, and in the process reversing carbon imbalances and even reducing the levels currently measured.
But common sense says otherwise. The destruction of the soil and the deforestation of the globe are part and parcel of the same problem, extreme dependence on fossil fuel long after the dangers were well known, that has caused the current and worsening global problem.
Elon Musk is a hero of the sustainable energy movement, as he well should be. It is powerful and dedicated figures like Musk that are needed, desperately, to solve the looming and already unfolding crises that we face.
The voices for trees and soil regeneration are also an extremely important element of the solutions that are desperately needed, sans the hoopla and massive money prize that tech already has attached.
Would it be too far fetched, @elonmusk, for these various factions, all wanting the same result, to cooperate and collaborate on all the solutions that will undoubtedly be required is we are to pull back from the brink and substantially improve the condition of a planet on its way to possible total annihilation?
Thanks to Elon Musk for all his contributions and they are many. Rescuing the E.V. and turning the entire auto industry on it’s head and bringing about an accelerating transition to sustainable transportation much sooner than could have happened without him and Tesla.
Creating the understanding that a business and an entrepreneur does not have to focus relentlessly on profit for its own sake to be successful and powerful. And, as for giving the human species a “plan-b” in the form of abandoning a dying earth in favor of Mars, let’s stick with plan A for now and plant trees, reiterate the soil and, yes, find other solutions to the massive carbon emissions that are choking the life out of our world.
Bezos knocked from #1 slot that he has held since 2017
According to Bloomberg, Elon Musk, CEO of Tesla and SpaceX just passed up Jeff Bezos as the world’s richest person. While this, in and of itself is a fact that many will likely fetishize, the real story here is why and how.
There could not, IMHO, be two people more diametrically opposed in terms of motivation, inspiration and method. Both obscenely rich now? Of course. In each case because of stock holdings in companies they founded? Right again.
After that it is all a study in contrasts and contradictions. For example, as recently as Christmas eve 20o8 Elon Musk was nearly bankrupt and was on the verge of losing both SpaceX and Tesla. Later as recently as 2019, Tesla was in a deep financial hole.
Was this a case of bad management? Apparently not. What it was related to was the prime difference between Bezos and Musk. Musk has always only had one mission. Was it having the world’s most dominant eCommerce company? (or any other kind). One that would destroy entire business categories and be called the “grim reaper” due to it’s destruction of markets and competitors?
No – Musk has always wanted to save the world from itself. Tesla’s stated official mission is:
Tesla’s mission is to accelerate the world’s transition to sustainable energy. … Teslabelieves the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.
Tesla / Elon Musk
Perhaps the cynical would say this is just some kind of veil hiding a capitalist and monopolist hunger a la Bezos. But they’d be wrong. Musk has openly stated that he is willing to share various proprietary technical information with his competitors if it would help the world’s transition to sustainable energy succeed faster. Would Bezos give away Amazon’s secrets. Take a guess.
Another interesting tidbit – Both SpaceX and Tesla have publicly disavowed all copyright claims to their photos, videos or other marketing assets. They also do zero paid advertising. This is brilliant and has made them money in the end, but more importantly it is additional proof that it is the success of the mission, a mission that ultimately benefits all humanity more than any singe individual, that is paramount in his thinking.
Though Musk may not realize it, he and Steve Jobs are kindred spirits
The only other highly successful tech visionary that had this kind of focus on the real success, which can by definition only ever be success for all, if Steve Jobs. With so much misinformation and focus on meaningless stats, like whose stock is worth the most paper dollars (printed at will by the Fed) at any given moment, it is often misunderstood that the mission and the sincerity and effectiveness of the mission that will always matter in the end.
Probably the greatest gift Bezos ever has or ever will give to humanity was via his divorce. Any other “charitable” act he will ever commit will be, first and foremost, have the goal of improving his image and stroking his massive ego.
Therein lies the difference.
Early Thursday Tesla shares (TSLA) rose by 6%, and further lifting the CEO’s stock holdings and options by $10 billion, resulting in the net worth of approximately $191 billion.
Musk edged past the Amazon founder who is currently has the net worth of around $187 billion.
Musk, who pinned the following past tweet from 2018 explained his intentions and how he will use money from his success, “You should ask why I would want money. The reason is not what you think. Very little time for recreation. Don’t have vacation homes or yachts or anything like that.”
About half my money is intended to help problems on Earth & half to help establish a self-sustaining city on Mars to ensure continuation of life (of all species) in case Earth gets hit by a meteor like the dinosaurs or WW3 happens & we destroy ourselves
Apple had a big year – but how big will first become apparent in 2021…
By now, it is not unexpected for the latest iteration of the iPhone, iPhone 12 in this case, to do well and even best the competition across the board in any given year. While it is nearly an automatic ritual that doubt will be cast, and the demise or at least diminution of the iPhone and Apple are predicted, nearly every year the opposite in the case.
This year was different. There was plenty of doubt – but the surprise announcement of the M series of chips for mac and the even more surprising benchmarks and performance improvements pretty much obliterated the doubters.
Not only that, but a layer beneath that headline news was a secondary layer of innovation and areas where long planned improvements came to fruition.
The first steps into a massive multi-year system software transition, one that will eventually merge the mobile operating systems of the iPhone, iPad, Apple watch, etc with the mac, moved seemingly ahead of schedule, with the huge improvements in iOS 14 and macOS Big Sur.
And all the various services such as Apple TV+ and many other offerings made huge strides as well.
As a matter of fact, a list of all the upgrades, added features and new services and products would be so long and varied that the transcription is beyond the reach of a simple article such as this one.
However, that alone is not where some of the biggest changes and most surprising evolutions have occurred. The real “action” so to speak is in the integration and unexpected by-products of the merging and deepening of all the new features and settings.
Take for example the macs that feature the M1 chip. It is not the chip itself, not even the new operating system that has the most impact on the performance or usability of the machines.
It is the integrated functionality of the various elements of the chips – Apple M1, the first ARM-based system on a chip – composed of several different components including the CPU, GPU, unified memory architecture (RAM), Neural Engine, Secure Enclave, SSD controller, image signal processor, encode/decode engines, Thunderbolt controller with USB 4 support, all of which are made more powerful by the continuously upgraded software system.
This – a kind of invisible interactive and synergistic ecosystem – not only has at it’s heart the “whole widget” philosophy legacy of Steve Jobs, but also a new and insanely futuristic definition of “whole” which now includes these proprietary Apple chips (CPU, GPU, NE), plus A.I. / machine learning and system core operating as one continuously evolving and reinforcing “unit”.
The future is already here, we just don’t see it like fish, maybe, never heard of a thing called water…
This new concept of the constantly increasing potential advancement in efficiency and power is not only the new standard basis for what constitutes computing technology at Apple, but will emerge as the ultimate re-definition of what “power” in computing means at all.
Similar to the internet – where the evolution and development is at stone age levels compared to where it will (and must) eventually reach in decades and even centuries, computing (or “personal” computing as it was dubbed in the last century) is also in very early and very primitive stages of evolution and this next step represents an early beginning, not a destination or accomplishment of a goal.
Even Apple has stated that the initial transition of a unified operating system shared by mobile and desktop / laptop devices, iOS / macOS, will be years still in development and implementation.
Meaning, in 2024 we may see the first real life trails and dissemination of a new kind of computing system, and, more importantly, computer assisted communicating, made possible by the complete integration of these hardware, software and A.I. advances.
Just in time, because the threats of global warming, pandemics, political upheaval and economic disaster need, more than anything, enhanced learning and communication that can be aided, we must fervently hope, by improved digital tools. A better bicycle, so to speak.
Fortunately, Apple has our back on this. And in 2021 more, much more will be revealed, if 2020 was any hint, of an exciting future not just for technology, but for the creative uses of it for the betterment of humankind.
The battle is getting very public and will get louder and nastier
The full page newspaper ads taken out by Facebook, where they proclaim themselves the champion of small business and attack Apple directly are interesting and curious on many levels.
It will take a series of articles to attempt to untangle the confusions and endless, often intentionally fostered, misconceptions that will most certainly arise in this battle of titans.
At the heart of the matter is, however, the largest misconception humanly possible, the idea that these monstrously huge companies, and how they operate, are anything at all related to “normal”.
The fact that all of us have seen the role of the internet in general increase over the last 20+ years, and have therefore had to deal with, and in some cases, go through and cooperate with these behemoths, may be the status quo that has developed, particularly in the last decade, but it is without precedent on many levels.
The size, power and influence is beyond comprehension and this clouds every issue
Before even beginning to contrast one giant against another one must first confront the very existence of entities of this magnitude. It’s fair to say that never in history has such a tiny group of companies, and by extension, individual humans, controlled so much of the economy and so much of that impacts the society and our experiences.
This chart is not current. If it were the disparity would be far larger and even more astounding:
This information, for a human, is so out of whack that you would have to stare at this chart for days before it could even sink in. And, as it it only a chart of size, built on company market capitalization, the power and influence, which represents and ever larger disparity, is not represented.
The dominance overall is so extreme as to be humanly incomprehensible. And by all measures the disparity between the big tech firms and “everybody else” grows literally by the second.
If you are afraid of A.I., you’re too late, the world is already controlled by computers and software via these companies
Facebook is probably the best example to illustrate the problem of market power and dominance on a level that is so far beyond traditional methods of measurement that even government antitrust investigations are barely able to begin to access the potential violations.
“The questions below might seem odd, or even absurd. But what is really absurd is that they are, for the most part, never asked. “
The questions below might seem odd, or even absurd. But what is really absurd is that they are, for the most part, never asked. Since the iPhone and later Samsung / Android revolutionized information and photo sharing, it has been accepted as a simple reality that Facebook controls nearly all the “social networking” that is done with that data. Why?
What is Facebook? Most would say they are a “social media company” but that can mean anything you want it to mean. They claim they are in the business of “connecting people” yet they derive massive wealth and profit from advertising, and “monetizing” their network, the largest network of “social users”, by far.
And if they are interested in connecting people, then what do those people own of the network that they themselves comprise? That would be nothing.
What say do they have in how they are used to “monetize” the network that they literally “are”? None.
What trust do they have to surrender to the company, which includes Facebook, Instagram, WhatsApp and more (all controlled 100% by a guy named Zuckerberg)? 100%
“What ‘say’ do they have in how they are used to “monetize” the network that they literally ‘are’? None.”
— D.L.
Who authorized Facebook (or Google) to amass vast databanks of private personal information from a huge chunk of the world’s population, and use that data to amass fortunes of unheard of size using secret proprietary algorithms that they have zero requirement to disclose? Well, technically, users, inadvertently and without understanding, did. Otherwise: No-one.
Well, technically all of this was “allowed” via Section 230 of the Communications Decency Act, passed in 1996, and states that an “interactive computer service” can’t be treated as the publisher or speaker of third-party content. This, effectively, protects websites and “platforms” such as Facebook, from lawsuits in the case that a “user” posts something illegal. There are exceptions, for example, for copyright violations, sex work-related material, and violations of federal criminal law.
This fact does not remove responsibility for building a system that gives massive financial benefit to Facebook, Google, etc and very little, in reality, by way of return or influence to the “user”.
It’s as if a man figured out a way to use mental-telepathy to rob banks and could never be caught or prosecuted due to the fact that no one had ever robbed a bank that way before. And then he claimed that he should be allowed to continue doing it forever, with impunity.
What would Facebook and Zuckerberg have if the billions of “users” stopped using its network? Nothing.
How little sense this makes just goes on and on. There could be 100s of pages of similar questions and answers and the end result would be a slightly better understanding of the absurdity of the very existence of such a “service” or company or whatever this is.
Why absurd? In a nutshell, Facebook controls private networks that exist “inside” a more public network called, for lack of a better term, “the internet”. And, because of what could be termed a mistake of history they represent a dominant, near monopoly, in the “space” which in this case is currently called “social networks”.
The dominance and the definition of monopoly can be argued endlessly (and likely will be in the coming antitrust cases) but, in the end, the numbers don’t lie. Only one person benefits, in direct payments of trillions of dollars, from a near monopoly in social networks. The billions of people, the very people who are the network, do not.
A bleak analysis, perhaps, but is there any light at the end of this tunnel?
The current increase in antitrust cases, both in the US and Europe, is a canary-in the-coal-mine moment and the wars over all the arising issues has begun and will go on for years.
The fact that Facebook is heavily advertising that they are the “good guy” while Amazon and Google do the same, is both ridiculous and sad, since “good guys” don’t have to buy ads to draw attention to that fact.
And the fact that these companies have already started, both in word and deed, to attack each other directly, is an indication of just how serious and all pervasive these mega-wars will be. This is just the beginning.
While none of the companies depicted on the chart above can be said to be without blame for the world of injustice and malfunction that is the internet, and by extension, our world, there is one company that stands apart from the others in so many ways and for so many reasons that they, amazingly, represent some hope within the madness.
And, not coincidently, they are the one that is already being attacked, in print and software, as the wars begin: Apple.
How Apple actually represents hope to clean up the tech universe that, arguably, they are most responsible for having created, is likely a hard sell with those that want to lump all these huge companies together. Because, after all, they are all huge.
However, nothing could be further from the truth. More on this and other burning questions in our next episode, so stay tuned.
The Confusion around 5G goes far beyond the political-nonsense conspiracy theories
Most articles on 5G since the Apple iPhone 12 launch event on October 13th have been looking in the rearview mirror to predict the future: 5G will “disappoint” due to the slow buildout, technical limitations of the format, and various issues with all the competing systems and carriers, and these arguments are casting doubt on the much touted potential.
This perspective misses the point on so many levels, it’s difficult to know where to begin to unpack the myriad of misunderstandings.
Much of the technical discussion has been focused on the various flavors of 5G and the associated limitations and advantages of each. The fact that the fastest 5G, which goes by the sub-category moniker millimeter wave, is not instantly available everywhere for the 5G capable iPhones, and that they will not be in the hands of most consumers before next year, has been met with feigned shock and bewilderment.
And further, many highlight the confusion mounting over the various providers and the various flavors: 5G, 5G E, 5G UW or 5G+ as they are designated by “service indicators” on the iPhone 12 itself. Verizon Communications Inc., T-Mobile US Inc. and AT&T Inc. each have their own systems they have developed and are building out – looking for a piece of the 5G market, expected to be around $1.15 trillion by 2025.
First and foremost – since Apple and iPhone are the leader of all innovations in the marketplace – not necessarily by the sheer number of handsets sold, but by the focus on increasing technical and aesthetic quality, and appealing to the top demographic, not to mention the majority of early adopters, it is precisely the fact that, until now, the iPhone 5G handset did not yet exist, that the buildout is not further along.
The fact that, in real-world tests, it is already performing at up to 7 times the fastest previously available connections, was coupled inevitably with the caveat; physical locations where these speeds can be accomplished are currently hard to find.
Due to the technical issues with this ultra-high speed version of 5G; the inability to travel more than very short distances and the lack of ability to penetrate obstacles or walls, the possibility to get these amazing speeds are, at present, more likely to be found at outdoor locations.
This is, admittedly, an odd conundrum, but you can be sure, with the upcoming massive increase in competition for ISP customers, it is one that will find at least some viable solutions very soon. There are many billions at stake for those that can find ways to improve this issue.
“Standing in front of a camera store in South of Market, I got 5G speeds reaching 2,160 megabits a second, which was 2,900 percent faster than 4G. Even where it was a tad slower — behind the Safeway parking lot in the Marina district — the 5G iPhone drew speeds of 668 megabits a second, which was 1,052 percent faster than 4G.”
– Brian X. Chen for the New York Times
The carriers have not had the market to build for, and needed to be pushed by a huge influx of iPhone 12 owners. Then, meaning now, they will begin to compete with one another for that extremely lucrative group of users. That rising competitive battle is not the only one looming on the horizon.
Regardless of the ultimate time frame of the build-out, there is an obvious and very meaningful conclusion that we can reach here: 1 year from now things will look very different in the options available for those who want to work and play with the help of a faster internet connection (meaning, obviously, everybody).
As can be seen from the chart above in early 2020 the US ranked 13th in desktop download speed while mobile speeds ranked even worse coming in at #33 (various sources have US at #10 for fixed broadband). Liechtenstein is nearly 4x faster, on average, than the US. Also note that the highest average is one-tenth to one-twentieth of the eventual “ideal conditions” speeds of 5G.
Failure of the US Broadband infrastructure and the coming shake-up in the ISP system grid-lock
The problem is not a technological one. The US lags behind due to the pseudo-geographical monopolies held by various ISPs and the ability they have enjoyed to be able to gouge customers with high priced, bad service. Lack of competition often results in slow progress, or no progress.
That is all about to change. You don’t need to have a technician to analyze the various 5G systems, or compare carriers chances of “winning” to realize that the very fact that speeds and options are increasing exponentially is going to re-write the map when it comes to who controls the cash-cow subscription gravy train. That system is about to collapse.
In steps Elon, and his little copy-cat-side-kick Jeffy Bezos, and the landscape is about to become unrecognizable
First, 5G speeds rival or exceed the former fixed / desktop speeds which had commanded a premium for the geographically entrenched providers. 5G home systems will be available in many areas that will be competitive in speed, price and convenience.
SpaceX’s Starlink, with nearly 1,000 satellites already in orbit out of an eventual 12,000, with launches continuing almost weekly with 60 in each launch, is a serious project. This ambitious plan will eventually encircle the Earth completely with interconnected satellites that will link through intermediary “ground stations” with up to 1 million planned for USA alone. Each ground station is just under 19 inches (.48 m) across.
“It looks like a UFO on a stick,” according to SpaceX CEO Elon Musk “It’s very important that you don’t need a specialist to install. The goal is for … just two instructions and they can be done in either order: Point at sky, plug in.”
Satellite Broadband, such as SpaceX’s Starlink will not only add ubiquitous 100mbps and higher, low latency coverage, it will also cover the same areas with high population density, major cities, where both current systems and 5G are also focusing.
Exact pricing is as yet unknown, but it is very likely that there will be a high-pitched battle over customers, once the various systems go into the next phase of the rollout. And all of this is not factoring in additional players in 5G and satellite systems.
Longer term (2 years +) there will be major world-wide implications of this shift, toward more and faster options in internet connectivity
The first shift, primarily driven by the geographical independence of satellite broadband, such as Starlink, will be a decentralization of populations at massive scale. While we are looking at a world where, due to the current pandemic countermeasures, WFH a.k.a. work from home is becoming more than a temporary factor. As many as 20 major companies such as Google and Microsoft have announced extended or permanent work-from-home policies as of October 2020.
There are plenty of very serious discussions about what will be done with all the skyscrapers and office buildings once there are no workers to fill the offices. This is not idle chit-chat. A migration has already begun away from the insanely overpriced rents and home prices to take advantage of the work-from-home-anywhere approach.
Extrapolate, based on increased speed and availability of connectivity to millions of locations not currently viable, will soon have internet at minimum speeds rivaling the current world champion Liechtenstein (see above), and you see the beginnings of an exodus of epic proportions. Just in time for economic upheaval, due to the aftermath of the still ongoing global pandemic, and yes, the issues of accelerated global warming, which will, coincidentally, affect costal “elite” cities like Miami, San Francisco, New York and others around the world to a disproportionally large degree.
“The reality is that a technological utopian vision, one where the world is able to shift to sustainable energy and regenerative farming, and create economies based on prosperous and equal distribution of the wealth generated by those systems (along with AI plus robot technology (powered by sustainable clean energy), can only be realized by an acceleration of learning and positive social change. “
-DL
These changes, to be clear, are not all “bad” nor are they all the cause of negative side-effects such as the current covid-19 outbreak.
The reality is that a technological utopian vision, one where the world is able to shift to sustainable energy and regenerative farming, and create economies based on prosperous and equal distribution of the wealth generated by those systems, (along with AI, robot technology powered by sustainable clean energy), can only be realized by an acceleration of learning and positive social change.
Change is urgently needed to build out the human networked-communication-system that will enable the learning and cooperation which is the only hope for the survival of our species. 5G, the iPhone 12 and SpaceX’s Starlink Satellite Broadband are going to be huge factors, in making the first baby-steps toward that change, possible.
Promise of Virtually Double Max Range shows intent to Get in the Game
During the most recent company update from Dailmer AG, Mercedes-Benz teased a new breakthrough in electric car innovation. The automotive manufacturer talked about its plans for developing the Vision EQXX, an EV with more range than ever before.
To be exact, the Vision EQXX aims to have a battery that can go 750 miles off of a single charge; that is the distance from Beijing to Shanghai, in the automakers’ words. Right now the longest range of any EV is just 373 miles, which Tesla only achieved recently with the Model S Long Range.
In order attain this audacious goal, Mercedes insists on not just packing the EQXX with an oversized battery, but developing new technology that offers unprecedented efficiency. Research is already being done at the Mercedes factory in Stuttgart and the Mercedes-Benz F1 HPP group in the UK.
“This is a serious project, chasing next generation technologies. We intend to incorporate the learning into the next generation of series production cars.”
Markus Schafer / head of Mercedes-Benz R&D
The project is still in its earliest stages, though. Right now, there is no word about when Mercedes might release a prototype or even any design concepts for the EQXX. We don’t know if it will run on the same kind of Electric Vehicle Architecture as Mercedes’ previous EVs—all EQE sedans and SUVs still in development—or if it will have an entirely different infrastructure.
50% by 2030 if Ambitious but will need to Be Minimum is Planet to Survive
Regardless, Mercedes reportedly hopes EVs will account for 50 percent of sales by the end of the decade. If it achieves the 750-mile range goal, then the EQXX will be a huge leap for technology as well as business.
Likewise, it will drive the market in a capitalist society. Car manufacturer Lucid is already trying to surpass Tesla with a 500 mile range EV. If Mercedes then ups the ante even further, it will cause all the competition to play catch up and optimistically lead to even more innovations.
At the end of the day, the growing EV market is dependent on innovation. While SpaceX once had dominance over EVs with Tesla, traditional car companies from Mercedes to Ford to Volkswagen are now joining the party. In order to stand out, these automakers will need to think big and get creative.
And in the process, it will make for a cleaner planet.
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728 Successfully deployed satellites is one step closer to global broadband coverage
From the Kennedy Space Center in Florida, SpaceX CEO Elon Musk launched his twelfth Starlink Mission on Tuesday morning. With this latest launch from the company, SpaceX is now just a few dozen satellites away from providing a significant portion of North America with broadband access.
SpaceX started the Starlink project in 2019 with the goal of creating a constellation of satellites that will eventually provide the entire world with broadband Internet. After this morning’s launch— which carried 60 satellites—there are a reported 728 total satellites in orbit, just under the 800 required to achieve the goal across a moderate section of America.
With the 728 alone, however, SpaceX has already hit a milestone. According to Musk in a Tweet, Starlink is now able to run a public beta test in the northern U.S. and parts of southern Canada.
Once these satellites reach their target position, we will be able to roll out a fairly wide public beta in northern US & hopefully southern Canada. Other countries to follow as soon as we receive regulatory approval.
Eventual wide-adoption could break cable monopolies, increase decentralization and freedom
Starlink has been running private beta tests since July, allowing a handful of SpaceX employees and emergency service personnel to try out the system. Already, it has done some good in the world, as first responders in rural Washington state reportedly used Starlink to efficiently communicate during this summer’s wildfires.
Optimistically, people in rural parts of the world are the ones who stand to benefit the most from Starlink. Rather than settle for slow or outmoded forms of internet connection, Starlink will provide fast broadband to even the most remote regions. For this reason, SpaceX has applied to the Federal Communications Commission’s $16-billion Rural Digital Opportunity Fund to bridge the country’s digital divide.
In modern America—especially since COVID-19 has rendered so much remote and online—quality Internet access is nothing short of a necessity. Sadly, not all Americans have broadband, leaving troves of people without the proper tools for effective communication, information, and even education. Starlink could be the answer to this crisis of disconnection.
The project still has a ways to go, but the public beta could be a big step towards a brighter future. Already hundreds of thousands are interested in Starlink, and the public beta will better reflect its performance and utility on a broader scale.
Of course, the fans are loving it and the trolls are, well, trolls. There’s a tweet that’s out there, as a reply to every other Tesla tweet, that shows a roof leaking in a Tesla back seat. Perhaps it’s a disgruntled customer but from the constant re-tweeting of this clip it seems more likely that its from the underground Tesla resistance (Oil Companies, Short Sellers, etc).
There are, at the same time, thankfully, genuine lovers that are more expressive, and it seems creative, like this guy:
There are more than just fans in the thread – there seems to be actual joy emanating from Model Y owners. And S3XY fun seems to be permeating the attitude In the responses to this tweet – which is a pretty big departure from the usual war zone of every stripe and troll farmer present in so many topics and threads.
This fellow wanted to show off his 360˚ schmanzy fancy camera:
The Naked Display of Abandon in Shanghai was a Signal to The Next Generation
It’s not because Tesla’s stock is at a high. It’s not because SpaceX is passing milestone after milestone. Elon Musk is on a mission, and it’s the same one we all need to be on, starting now: to save the world.
There’s a kind of liberation in facing death, like the movie protagonist racing in a stolen car, chased by the killer bad guy, not worried about the tires or how much fuel is being used: it’s adrenaline pumping survival mode, right here, right now.
And yet, with the metaphorical woman of his dreams (who is actually us and the planet) in the passenger seat, the protagonist, and all of us vicariously, feels more alive, in what could be his final moments, than in all his life to this point.
That’s why he’s dancing.
Many say 2019 was the year that the Climate Crisis, formerly known as global warming, could no longer be doubted by any sane or unbiased person. A few dozen catastrophic, clearly anomalous weather events will do that.
And now, as the new decade dawns, Australia burns and #WWIII trends on Twitter, we are all starting to feel like we are in that stolen car.
Elon Musk is a little different from the rest of us. Not because of his money or success or brains or celebrity. Because he has been on this mission for practically his entire life.
And now we need to join him.
Tesla is and always has been on a mission. Not to “dominate” the EV sector of the auto industry, as is so often written. Not to achieve success as measured by profit or cash flow positions. It’s on an energy mission . See it’s stated for all to see on its twitter account:
So many constantly trumpet the refrain that solving the climate crisis is all about austerity and sacrifice, and certainly there will be plenty of that.
And the deniers say that changing the system is not worth it if there is even a minuscule chance that we are not doomed. Really? How much Exxon stock do you own ? But what it will really take is a revolution in thought and the contagious motivation of an entire generation. And humans are not prophylactically inclined !
It’s Elon Musk and Tesla’s genius, shared with Apple that they understand that you can change the world if people are moved by aspirational, beautiful, sexy dreams of a better life. Not some granola style golf cart of functionality.
An iPhone is the best, most powerful hand held computing device ever imagined and, oh yes, it’s a sexy, sleek fashion statement that you can love with all your heart as well. Ditto on the last part for every Tesla also, from the Model 3 to the Cybertruck.
That mission is bigger than being a car maker, or battery manufacturer or even tech design firm. It’s a mission to replace the current, suicidal, Fossil Fuel based infrastructure with a sustainable one. Worldwide. Right now. Before it’s too late to matter.
Companies that have a higher mission than just “profit for shareholders” have not just a higher moral ground from which to operate but a true motivation that literally pulses like a beating heart throughout the enterprise. Often overlooked is the mission that Steve Jobs imbued into the soul of Apple and the higher mission of providing the best tools that technology is capable of.
Looking forward, for perhaps the first time in human history, the challenges are sharply defined, as are the methods and players in the game. Massive evil forces, created by humans must be countered by small and also equally massive forces just as human, oriented toward a better world and more, the best of all possible worlds.
In truth, within the total devotion and capitulation to a higher mission lies freedom, inner peace and, ultimately success and prosperity, potentially for us all.
Not a hard choice when compared to pain, suffering and, ultimately the extinction of all life on this planet.
In short, it’s Utopia or Oblivion, folks.
So, thank you Elon Musk, for showing us the steps to the dance, and for having the bravery to show us with those awkward, unselfconscious moves that, you too, are learning as you go.
Now we all just need to apply ourselves, like Greta Thunberg inviting Meatloaf to examine scientific evidence, to the task of finding the joy in changing everything that’s wrong with our world, starting with the energy infrastructure, and replacing it with a better, cleaner, less tainted one.
— 🌎 Positive Energy Action (@PosEnergyAction) January 7, 2020
There is a paradox here, though. See it? If we are running for our lives from the most fearsome danger we’ve ever faced, and we are not concerned about money, power or the trappings of fame, then why does it sometimes seem like a better life is so close we can almost reach out and touch it?
Tesla Roadster – Photo / Tesla
Because that’s the secret. If we did all dance like Elon, devote ourselves to a higher cause, and put aside our worldly squabbles over money, power and fame, maybe, just maybe, we will survive and prosper, beyond all our imaginings. And that stolen car? It’s a Tesla Roadster hitting on maximum torque in Ludicrous mode.
And with every discovery shared, solution compounded and mission surpassed, we can escape together and let go of the past’s villainous errors. With luck to find a future worth all our hopes and dreams.
Tesla continues to hit new sales and tech milestones (not to mention the stock price)…
Throughout 2018 and 2019, Tesla delivered 612,120 vehicles. This is an impressive number, and a quota that surely upped the ante for Elon Musk‘s famed tech-car company. However, that striking figure has already been dwarfed by the number of pre-orders currently in place for Tesla’s upcoming Cybertruck.
According to Finbold, Tesla has already received 650,000 pre-orders for the Cybertruck. The bulk of these pre-orders (approximately 535,000 of them) took place before February of 2020. Naturally, fewer people placed orders as the coronavirus spread across the globe. Still, over 100,000 additional orders despite everything going on in the world is an enduring sign of the vehicle’s popularity.
Pre-ordering a concept with a precious few in circulation
Tesla first revealed the Cybertruck on November 21st in Los Angeles. It’s ultramodern aesthetic, with sharp lines, futuristic angles, and tankish wheels met polarizing reactions. Many even took to lampooning the vehicle on social media via memes. However, this generated increased publicity for the Cybertruck all the same, and the pre-orders eventually poured in.
Of course, not all pre-orders for the truck are guaranteed sales. Nevertheless, the 650,000 figure means that that many people are interested in the vehicle enough to reserve one, and each reservation requires a $100 deposit. Already, Tesla is earning money on the truck and if the copious pre-orders do turn into deliveries, the company will continue its trajectory of increased sales for every year since 2014.
Elon Musk and Tesla have recently earned some negative press while delivering their latest Model-Y cars, which are similarly in very high demand. Perhaps connected to the unanticipatedly large number of orders, Model-Ys have been notorious for quality control problems. Pre-ordered cars often come with incorrect paint, faulty interiors, asymmetrical features, and other mistakes.
Luckily, the company is already correcting its mistakes, and the issues have not hindered Tesla fans from remaining enthusiastic about the Cybertruck. Musk wants to start shipping them early next year, introducing the first EV truck onto the road and optimistically shifting the car market for the planet’s benefit.
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High-Occupancy Autonomous Electric Vehicle (AEV) proposal Courtesy The Boring Company.
On June 3rd, 2020, the San Bernardino Country transportation (SBCTA) agency voted to move forward with a proposal for a high speed tunnel from Elon Musk’s Boring Company. The tunnel would link Rancho Cucamonga with the Ontario International Airport. If finalized, this would mark the third major accomplishment from the company.
The Boring Company is currently in progress working on the tunnel to connect the Las Vegas Convention Center which has been slated to be operational by CES in January of 2021. The company also won the contract to build an express loop for Chicago’s O’Hare International Airport which is pending.
The SBCTA Authority Board of Directors support and view the tunnel as a cheaper and faster alternative to the other above-ground rail projects. With the unanimous vote for the proposal, staff will begin to pursue the project deeper and postpone the $3 million study that was to be conducted for airport-rail connections.
Curt Hagman, San Bernardino County Supervisor introduced introduced the idea after touring and taking a ride in the test tunnel at The Boring Co. facility in Hawthorne, California.
“It get us thinking in a new way. This is something that can be done relatively quickly and inexpensively.”
Curt Hagman / San Bernardino County Supervisor
The proposal involves building a 2.8 mile tunnel that would take passengers in electric cars to and from the airport with speeds up to 127 miles per hour ranging from 90 seconds to 2 minutes to reach its destination. The tunnel would be approximately 14 feet in diameter and 35 feet below ground. The original plan called for customized Tesla cars, however according to Hagman, the company is set to develop electric vans in order to seat more people, up to 12 passengers and their luggage, which would increase the daily capacity of up to 1,200 people per day.
SBCTA estimates the final cost of the project could range near $60 million with costs of upwards of $75 million which is significantly less expensive than the alternative light rail systems that were quoted in the range of $1-1.5 billion.
The Ontario Airport Loop is expected to be complete in approximately 4 years which is again far faster than the 10 years quoted for the construction of light railing systems. The SBCTA Director of Transit and Rail, Carrie Schindler explained in a statement given to local news, “It is much more cost-effective. I do anticipate the need for outside funding but at a reduced level as compared to building surface projects.”
