Exclusive: India panel wants localization of cloud storage data in possible blow to big tech firms | Reuters

This will be fun.

Exclusive: India panel wants localization of cloud storage data in possible blow to big tech firms | Reuters:

The policy will be the latest in a series of proposals that seek to spur data localization in India, as the government finalizes an overarching data protection law. Local data storage requirements for digital payments and e-commerce sectors are also being planned.

The authorities want the information stored locally so that they can more easily get access to it when conducting investigations.

Drinking From The Crypto Firehose – AVC

Some good points in here.

Especially:

But we still don’t have consensus mechanisms that can scale to transaction speeds that are typical of mainstream web apps, we don’t yet have consensus mechanisms that are both energy efficient and battle-tested at scale, we don’t have an array of development tools that make building applications on this stack easy, quick, safe, and secure, we don’t have hundreds of millions of users with crypto browsers & wallets, and we don’t have all the other things that would need to be in place in order to move into the deployment phase.

But we do have the one thing that is the hallmark of a classic installation phase. We have a frenzy of innovation and financial capital that has been unleashed by the ICO boom, itself a creation of the crypto tech cycle.

Drinking From The Crypto Firehose – AVC
— Read on avc.com/2018/07/drinking-from-the-crypto-firehose/

Apple Is Worth $1 Trillion; 21 Years Ago It Was on the Brink of Bankruptcy – The New York Times

Amazing stuff.

What I wonder is in today’s climate – where the big, like Apple, keep getting bigger. Will anyone in our generation have the audacity to try to make another Apple. My guess is not. As a VC – I would probably doubt it is possible due to the strength of FAANG for example.

Apple Is Worth $1 Trillion; 21 Years Ago It Was on the Brink of Bankruptcy – The New York Times

Aung San Suu Kyi: The inside story | SBS Dateline

Aung San Suu Kyi: The inside story | SBS Dateline:

Fast-forward to September 2017 and Daw Suu – once the darling of the international community, is almost universally condemned for what many see as her silence over a military campaign that drove 700,000 Muslim Rohingyas across the border to refugee camps in Bangladesh.

Some say it’s not her fault, she has no control over the army, it’s not her doing, she probably doesn’t know what’s happening there.

But our six-month investigation reveals how the Nobel Laureate actively blocked United Nations investigations into violence against the Rohingyas and angrily condemned efforts to free two Myanmar journalists investigating mass graves.

I will say it may not entirely be her fault but she is one of the people blame. 

What makes it worse is that we all thought she would stand for something better.

Read the whole article.