Quotes of the Week 009

Quotes of the Week 009

StraTechery on the Business Models of the digital economy:

"Most importantly, though, the end of gatekeepers is inevitable: the Internet provides abundance, not scarcity, and power flows from discovery, not distribution"

Verizon CFO Matt Ellis:

"The traditional TV bundle is not long-term sustainable"

Qualcomm on 5G:

“...the 5G specification could be completed much sooner than we think. The first version will likely be finished by this December, and the company expects 5G phones to reach consumers in the first half of 2019. That's a full year later than Qualcomm was expecting last October, but it seems much more realistic"

@xaprb:

"Monitoring tells you whether the system works. Observability lets you ask why it's not working”

Samburaj Das on ‘Dubai Blockchain Strategy’:

"...aims to record and process 100% of all documents and transactions on a blockchain by the year 2020. The sweeping blockchain mandate was announced by Hamdan bin Mohammed, the crown prince of Dubai, in October 2016"

Bloomberg on Autonomous Vehicles:

"self-driving technology is a huge power drain. Some of today’s prototypes for fully autonomous systems consume two to four kilowatts of electricity -- the equivalent of having 50 to 100 laptops continuously running in the trunk”

Tim O’Reily:

"the thrall of an economic theory that says that wages and working conditions are entirely subject to inevitable laws of supply and demand, not recognising the rules and incentives we have created that ruthlessly allocate the benefit of increased productivity to the owners of capital and to consumers in the form of lower prices, but dictate that human workers are a cost to be eliminated”