Saw this via Brian Krebs on Mastodon today. I think its an opinion piece, but i do understand where the writer is coming from. Here’s the toot with the boost.
BrianKrebs: Boosting Paris Marx (parismarx): The Silicon Valley elite did a bank run on their own bank, then spent the weekend warning there’d be hell to pay if regulators didn’t step in to cover their deposits.
For Disconnect, I argue this should be a radicalizing moment that shows why we must dismantle Silicon Valley if we ever hope to develop technology that really builds a better world instead of steering us in the opposite direction.
https://www.disconnect.blog/p/the-silicon-valley-bank-collapse
#svb #tech #banking #vc
The article The Silicon Valley Bank Collapse Should be a Radicalizing Moment was a very interesting read, and I definitely enjoyed reading it. I can understand why this opinion piece was written and it may be a wakeup call for the tech industry.
We covered SVB as part of the podcast, but I do think that this article should be read more as a thinking piece than anything else.
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cilicon vally kind a reminds me of the windows registry or my home router.
A lot of stuff comes from it.
A lot of stuff is inspired from it.
They spend most of the time battling eachother and the other big companies.
They give us stuff and often it breaks.
Sometimes some stuff comes out of it thats good but who knows, look at musk, look at some stuff microsoft does.
Could we do without it, probably not.
What does it do?
we don’t know but its a required bit of infrastructure like my fibre modem.
I used to be adventurous with the system when I was younger, tweak here, hack there, mod here and so on.
If it breaks, reformat and rebuild.
Maybe its covid, maybe its the world, climate, us as a race in flux or maybe its because I am 40 years old.
No desire to hack.
I just want my system to work for the tasks I do.
I don’t need the latest necesairilly to work my stuff.
I just want it to run.
Its been a bugbear of mine but like it or hate it, if the big companies were not beating eachother in boxing matches, maybe they would beat us up instead.
Eventually who knows.
We are talking the exclusive tech elete here how are us meer mortals even those of us that have been in the industry for at least 20+ years.
I doubt they know.
Half of the so called stuff we depend on was an experiment in someone’s garrage it could have not gone anywhere at all.
This is another thing in flux.
Its probably for the best that we don’t know the exact value of everything.
I know you are probably expecting a straight answer from me but the last 3 years of apocolipse have shown me that nothing is ever static, ever!
And right now its all on the move.
Maybe we are only aware of it now and maybe its always been like that.