Hmmmmmm shares a report from Interesting Engineering: Founded by Bill Gates, TerraPower, a company that plans to use nuclear energy to deliver power in a sustainable manner, has selected Kremmer, Wyoming as a suitable site to demonstrate its advanced nuclear reactor, Natrium. The decision was made after extensive evaluation of the site and consultations with the local community, the company said in a press release.

Last year, the Department of Energy (DOE) had awarded TerraPower a grant of $80 million to demonstrate its technology. The advanced nuclear reactor that is being developed by the company in association with General Electric-Hitachi, uses a sodium-cooled fast reactor that works with a molten salt-based energy storage system. Earlier in June, the company had decided to set up its demonstration plant in Wyoming and has recently sealed the decision by selecting the site of a coal-fired power plant that is scheduled for a shut down by 2025, the press release said.

The demonstration plant where the company plans to set up a 345 MW reactor will be used to validate the design, construction, and operation of TerraPower's technology. Natrium technology uses uranium enriched to up to 20 percent, far higher than what is used by other nuclear reactors. However, nuclear energy supporters say that the technology creates lesser nuclear waste, Reuters reported. The energy storage system to be used in the plant is also designed to work with renewable sources of energy. TerraPower plans to utilize this capability and boost its output to up to 500 MW, enough to power 400,000 homes, the company said.

"It's Open Source. It's free," says a web page at Penpot.app.

Slashdot reader kxra writes: Penpot is a free-software, web-based vector design platform using .svg as a first-class filetype used as the underlying storage for all designs.

As more design teams around the world move to the convenience of multi-device synchronized and collaborative web apps, this is a welcome respite from proprietary vendor lock-in by the likes of Figma and Canva. Penpot has finally launched as Beta, with competitive features such as a template library that all creators can pull from.

It's created by Kaleidos Open Source, the same team behind the project management tool Taiga for Agile teams which is taking on the likes of JIRA and Confluence with FLOSS.
"Not having a free & open source UX/UI tool that would make devs participate in the design process and bridge the gap between UX/UI and code was a terrible itch for us..." explains the FAQ at Penpot.app. But it also answers the question: why Open Source? Software Technology has the unique advantage, compared to other industries and intellectual property, of having almost zero cost to replicate itself, thus providing a wonderful chance to massively distribute the tools for a more digitally sovereign society. Besides the pure license aspect of it and its legal framework, Open Source fosters more engaging communities where the lines between user and contributor are often blurred...

Penpot requires a browser, that's it. If you want to host your own Penpot instance, that's fine too. We plan to release a native app bundle later this year.

There is a theme here. Universal access. That's why we love to call our product Penpot, there's nothing more personal and yet more universal than a pot full of pens. It's all about choice.
Its GitHub repository already has 5,200 stars and 41 contributors.

An anonymous reader quotes a report from TechRadar: Seagate has unveiled the first ever hard disk drive (HDD) that utilizes both the NVMe protocol and a PCIe interface, which have historically been used for solid state drives (SSDs) exclusively. As explained in a company blog post, the proof-of-concept HDD is based on a proprietary controller that plays nice with all major protocols (SAS, SATA and NVMe), without requiring a bridge. The NVMe HDD was demoed at the Open Compute Compute Project Summit in a custom JBOD enclosure, with twelve 3.5-inch drives hooked up via a PCIe interface. Although the capacity of the drive is unconfirmed, Seagate used images of the Exos X18 for the presentation, which has a maximum capacity of 18TB.

According to Seagate, there are a number of benefits to bringing the NVMe protocol to HDDs, such as reduced total cost of ownership (TCO), performance improvements, and energy savings. Further, by creating consistency across different types of storage device, NVMe HDDs could drastically simplify datacenter configurations. While current HDDs are nowhere near fast enough to make full use of the latest PCIe standards, technical advances could mean SATA and SAS interfaces are no longer sufficient in future. At this juncture, PCIe NVMe HDDs may become the default. That said, it will take a number of years for these hard drives to enter the mainstream. Seagate says it expects the first samples to be made available to a small selection of customers in Autumn next year, while full commercial rollout is slated for 2024 at the earliest.

An anonymous reader quotes a report from Gizmodo: The recently passed $1 trillion infrastructure package is jam-packed with initiatives but sprinkled in there alongside $17 billion in funding for road safety programs is a mandate requiring carmakers to implement monitoring systems to identify and stop drunk drivers. The mandate, first noted by the Associated Press could apply to new vehicles sold as early as 2026. Courts have ordered some drunk drivers to use breathalyzers attached to ignition interlocks to start their vehicles for years, but the technology noted in this bill would take that concept much further and would need to be capable of "passively monitor[ing] the performance of a driver of a motor vehicle to accurately identify whether that driver may be impaired."

Though the Department of Transportation has yet to put its foot down on the exact type of technology it will use for this program, the National Highway Traffic Safety Administration (NHTSA) and 17 automakers have been working on something called the Driver Alcohol Detection System for Safety (DADSS) since 2008. DADSS is exploring both a breath and touch-based system to detect whether or not a driver has a blood alcohol concentration (BAC) at or above 0.08%. The breath-based system aims to measure alcohol readings based on a driver's breath with the goal of distinguishing between the driver and passengers. The touch-based system meanwhile would shine an infrared light through a driver's fingertip to measure blood alcohol levels under the skin's surface. [...]

The new mandate struck a positive note with some car safety groups, including Mothers Against Drunk Driving which has advocated for more detection tech in the past. "It's monumental," Alex Otte, national president of Mothers Against Drunk Driving told the AP. Otte went on to describe the package as the "single most important legislation" in the group's history. At the same time though, the mandate has drawn concerns from safety experts and digital rights groups that warn driver monitoring technology could have knock-on privacy implications. In a letter sent last year by the American Highway Users Alliance, the organization urged support of the NHTSA's DADSS Research Program but expressed concerns that the technology could potentially infringe on driver's civil liberties. "The group also expressed concerns over how the collection and storage of driver data would work and who would have the rights to that data," adds Gizmodo. Others have also expressed concerns over the accuracy of driving monitoring technology and potential risks of bias.

India has declined to update its official climate goal at the United Nations climate negotiations, holding out for rich countries to first offer $1 trillion in climate finance by the end of the decade. From a report: The resistance from India stands in contrast to its surprise announcement on Nov. 1, just as COP26 negotiations got underway, that it would set an ambitious new goal to reach net-zero emissions by 2070. Prime Minister Narendra Modi opened the talks in Glasgow, Scotland, with a decision to increase his nation's share of renewable electricity generation capacity alongside the long-term target to zero out carbon. At the same time, Modi demanded rich countries provide as much as $1 trillion in climate finance just for India -- far more than the $100 billion a year for all poor countries sought under previous deals. Until now, however, it wasn't clear whether India's demand came with a fixed timeline. Officials on Wednesday confirmed that India is seeking that sum by 2030 to fund the build out of renewables, energy storage, decarbonization of the industrial sector and defending infrastructure to a warming planet.

Microsoft is going head to head with Chromebooks with a new $249 Surface Laptop SE, its most affordable Surface yet. While the software giant has attempted to compete with the popularity of Chrome OS in US schools for years, the Surface Laptop SE is the company's first true Chromebook competitor. From a report: Surface Laptop SE will be sold exclusively to schools and students, starting at $249. It's part of a much broader effort with Windows 11 SE, a new student edition designed to compete with Chrome OS that will ship on a range of low-cost laptops in the coming months. Surface Laptop SE is every bit the low-cost Windows device you'd expect to see for $249.

While it retains the same keyboard and trackpad found on Microsoft's Surface Laptop Go, the all-plastic body houses an 11.6-inch display running at just a 1366 x 768 resolution. This is the first 16:9 Surface device in more than seven years, after Microsoft switched to 3:2 for its Surface line with the Surface Pro 3 launch in 2014. The screen looks like the biggest drawback on this device, particularly as we weren't fans of the low-resolution screen (1536 x 1024) found on the $549 Surface Laptop Go. Lenovo's Chromebook Duet ships with a better 10.1-inch (1920 x 1200) display for the same $249 price as the Surface Laptop SE. Intel's Celeron N4020 or N4120 power the Surface Laptop SE, combined with 4GB / 8GB of RAM and 64GB or 128GB of eMMC storage.

Researchers from the University of Southampton "have developed a fast and energy-efficient laser-writing method for producing high-density nanostructures in silica glass," reports Optica. "These tiny structures can be used for long-term five-dimensional (5D) optical data storage that is more than 10,000 times denser than Blue-Ray optical disc storage technology." ExtremeTech reports: This type of data storage uses three layers of nanoscale dots in a glass disc. The size, orientation, and position (in three dimensions) of the dots gives you the five "dimensions" used to encode data. Researchers say that a 5D disc could remain readable after 13.8 billion years, but it would be surprising if anyone was even around to read them at that point. In the shorter term, 5D optical media could also survive after being heated to 1,000 degrees Celsius.

The technique devised by doctoral researcher Yuhao Lei uses a femtosecond laser with a high repetition rate. The process starts with a seeding pulse that creates a nanovoid, but the fast pulse doesn't need to actually write any data. The repeated weak pulses leverage a phenomenon known as near-field enhancement to sculpt the nanostructures in a more gentle way. The researchers evaluated laser pulses at a variety of power levels, finding a level that sped up writing without damaging the silica glass disc. The study reported a maximum data rate of one million voxels per second, but each bit requires several voxels in 5D optical systems. That works out to a data rate of about 230 kilobytes per second. At that point, it becomes feasible to fill one of the discs, which have an estimated capacity of 500TB. It would take about two months to write this much data, after which it cannot be changed.

This work is still in the early stages, but the team managed to write and retrieve 5GB of text data using a 5D optical medium. All you need to read the stored data is a microscope and polarizer, and it should be readable for eons. The findings appear in Optica, Optica Publishing Group's journal for high-impact research.

PC pioneer Michael Dell is set to cap his climb back to the top of the computing world on Monday with one of the largest corporate spin-offs. Dell Technologies will shed its 81 percent stake in publicly traded VMware, creating an independent software company with a stock market value of nearly $64 billion. Dell's remaining hardware operations have an implied value of $33 billion, based on its latest share price. From a report: The transaction, first disclosed in April, completes an eight-year saga in which the Texan entrepreneur turned his $3.8 billion interest in an out-of-favor PC maker into a personal stake in a broader data center hardware and software empire worth $40 billion. Beginning with the buyout of his PC company, Dell went on to devour server and storage company EMC for $67 billion before taking the group public again in 2018. Along the way, he fought heated battles with dissident shareholders over claims that he bought Dell on the cheap and used complex financial engineering in the EMC deal to short-change investors. Silver Lake, the Silicon Valley private equity group that helped mastermind the dealmaking, will be left with stakes in Dell and VMware worth $11 billion.

new nukes "A sophisticated electronic sensor buried in hardened metal shells at the tip of a growing number of America's ballistic missiles reflects a significant achievement in weapons engineering that experts say could help pave the way for reductions in the size of the country's nuclear arsenal," reports the Washington Post, "but also might create new security perils." The wires, sensors, batteries and computing gear now being installed on hundreds of the most powerful U.S. warheads give them an enhanced ability to detonate with what the military considers exquisite timing over some of the world's most challenging targets, substantially increasing the probability that in the event of a major conflict, those targets would be destroyed in a radioactive rain of fire, heat and unearthly explosive pressures.

The new components — which determine and set the best height for a nuclear blast — are now being paired with other engineering enhancements that collectively increase what military planners refer to as the individual nuclear warheads' "hard-target kill capability." This gives them an improved ability to destroy Russian and Chinese nuclear-tipped missiles and command posts in hardened silos or mountain sanctuaries, or to obliterate military command and storage bunkers in North Korea, also considered a potential U.S. nuclear target.

The increased destructiveness of the warheads means that in some cases fewer weapons could be needed to ensure that all the objectives in the nation's nuclear targeting plans are fully met, opening a path to future shrinkage of the overall arsenal, current and former U.S. officials said in a number of interviews, in which some spoke on the condition of anonymity to discuss sensitive technology.

Production of the first of many high-yield nuclear warheads containing the gear, developed over the past decade at a cost of billions of dollars, was completed in July for installation on missiles aboard Navy submarines, the National Nuclear Security Administration announced.
The Post notes that the U.S. has now installed the technology on hundreds of submarine-based warheads, doubling their destructive power (according to estimates by a Georgetown professor).

The acting administrator of America's National Nuclear Security Administration called it "the culmination of over a decade of work."

Google and top Indian telecom network Jio Platforms said on Friday that their much-anticipated budget smartphone, JioPhone Next, will go on sale in the world's second largest smartphone market on November 4. From a report: The firms said the JioPhone Next will cost 6,499 Indian rupees ($87), and can also be purchased in multiple instalments with an entry price as low as $27. The smartphone runs Pragati OS, which is powered by an "extremely optimized" Android mobile operating system with a range of customized feature. The two firms also revealed the specifications of the JioPhone Next. The smartphone features a 5.45-inch HD+ display with Corning Gorilla Glass 3 protection. It is powered by Qualcomm's quad-core QM-215 chipset that clocks up to 1.3GHz, coupled with 2GB of RAM and 32GB internal storage, which is expandable.

An anonymous reader quotes a report from The Wall Street Journal: Stripe is signing up to pay for carbon-removal technologies that haven't been invented yet. The payments company has formed a partnership with Deep Science Ventures, a London investment firm that specializes in building technology companies from the ground up. DSV will recruit scientists to develop ways to remove carbon dioxide from the atmosphere. If they come up with viable concepts, Stripe will be their first customer. It will pay DSV startups $500,000 each up front to capture and store carbon, then a further $1 million if they meet performance milestones.

The new partnership marks an expansion of Stripe's effort to provide a market for unproven technology that could potentially help limit the damage of global warming. The United Nations' scientific panel on climate change says the least-bad global-temperature scenarios depend on people removing billions of tons of planet-warming gases from the atmosphere. It also cautions that companies and governments may never be able to deploy the technology on the scale required to make that happen. Since August 2019, when it promised "to pay, at any available price, for the direct removal of carbon dioxide from the atmosphere and its sequestration in secure, long-term storage," Stripe has committed $9 million to 10 carbon-removal projects.

Stripe's carbon-removal procurement is led by Ryan Orbuch, who was a product manager before focusing on climate, and the team's projects are vetted by a panel of industry experts. Costs vary, with the most expensive service costing more than $2,000 per ton of carbon removed. Scalability is more important than current pricing. Stripe says technologies should have the potential to remove half a gigaton of carbon dioxide a year by 2050 at a cost of $100 per ton, and store it for at least 1,000 years. Stripe has tethered its core business of operating payment infrastructure to its side project. Stripe Climate, a tool introduced in October 2020, lets Stripe's customers divert a percentage of revenue to the carbon-removal pot. Roughly 9,000 of Stripe's millions of business users have enrolled contributing nearly $3 million a year collectively, and roughly 8% of new Stripe users sign up [...].

Encrypted email provider Protonmail has hailed a recent Swiss legal ruling as a "victory for privacy," after winning a lawsuit that sees it exempted from data retention laws in the mountainous realm. From a report: Referring to a previous ruling that exempted instant messaging services from data capture and storage laws, the Protonmail team said this week: "Together, these two rulings are a victory for privacy in Switzerland as many Swiss companies are now exempted from handing over certain user information in response to Swiss legal orders." Switzerland's Federal Administrative Court ruled on October 22 that email providers in Switzerland are not considered telecommunications providers under Swiss law, thereby removing them from the scope of data retention requirements imposed on telcos. The victory comes after controversy over a previous (and not directly related) Swiss court order that forced the company to collect mobile device push notification identifiers from a specified user's account. That user was later arrested by French police, who had asked their Swiss counterparts to obtain the surveillance order. Protonmail chief exec Andy Yen told The Register his business doesn't routinely collect such data on its users.

An anonymous reader quotes a report from The Conversation: On October 23, 2001, Apple released the iPod -- a portable media player that promised to overshadow the clunky design and low storage capacity of MP3 players introduced in the mid-1990s. The iPod boasted the ability to "hold 1,000 songs in your pocket". Its personalized listening format revolutionized the way we consume music. And with more than 400 million units sold since its release, there's no doubt it was a success. Yet, two decades later, the digital music landscape continues to rapidly evolve.

The iPod expanded listening beyond the constraints of the home stereo system, allowing the user to plug into not only their headphones, but also their car radio, their computer at work, or their hi-fi system at home. It made it easier to entwine these disparate spaces into a single personalized soundtrack throughout the day. [...] The rise of touchscreen smartphones ultimately led to the iPod's downfall. Interestingly, the music app on the original iPhone was called "iPod." The iPod's functions were essentially reappropriated and absorbed into the iPhone. The iPhone was a flexible and multifunctional device: an iPod, a phone and an internet communicator all in one -- a computer in your pocket. And by making the development tools for their products freely available, Apple and Google allowed third-party developers to create apps for their new platforms in the thousands.

As of this year, mobile devices are responsible for 54.8% of web traffic worldwide. And while music piracy still exists, its influence has been significantly reduced by the arrival of streaming services such as Spotify and YouTube. These platforms have had a profound effect on how we engage with music as active and passive listeners. Spotify supports an online community-based approach to music sharing, with curated playlists. [...] As of February this year, more than 60,000 tracks were being uploaded to Spotify each day. The experience of listening to music will become increasingly immersive with time, and we'll only find more ways to seamlessly integrate it into our lives.

An anonymous reader quotes a report from Motherboard: A newly obtained document written by the FBI lays out in unusually granular detail how it and other law enforcement agencies can obtain location information of phones from telecommunication companies. Ryan Shapiro, executive director of nonprofit organization Property of the People, shared the document with Motherboard after obtaining it through a public record act request. Property of the People focuses on obtaining and publishing government records. The document, a 139 page slide presentation dated 2019, is written by the FBI's Cellular Analysis Survey Team (CAST). CAST supports the FBI as well as state, local, and tribal law enforcement investigations through the analysis of call data and tower information, the presentation adds. That can include obtaining the data from telecommunications companies in the first place; analyzing tower dumps that can show which phones were in an approximate location at a given time; providing expert witness testimony; and performing drive tests to verify the actual coverage of a cell tower.

"When necessary, CAST will utilize industry standard survey gear drive test equipment to determine the true geographical coverage breadth of a cell site sector," the presentation reads. The presentation highlights the legal process required to obtain information from a telecommunications company, such as a court order or search warrant. The LinkedIn profile of one CAST member Motherboard found says they have a "special emphasis in historical cell site analysis which is typically used for locating phones (and the individuals attached to those phones) for cases such as kidnappings, homicides, missing persons, and robberies." CAST provides its own cell phone data visualization tool to law enforcement officials around the country called CASTViz for free. "CASTViz has the ability to quickly plot call detail records and tower data for lead generation and investigative purposes," the presentation reads. The document includes images of and instructions for the CASTViz software itself.

The document also explains how data requests from Mobile Virtual Network Operators (MVNOs) such as Boost Mobile are handled, explains how to obtain location data from what the FBI describes as "burner phones," and how to obtain information from OnStar, General Motors' in-vehicle system. The document also provides the cost of some of this data for law enforcement to request. The presentation provides more recent figures on how long telecoms retain data for. AT&T holds onto data such as call records, cell site, and tower dumps for 7 years. T-Mobile holds similar information for 2 years, and Verizon holds it for 1 year. The slide also shows that AT&T retains "cloud storage internet/web browsing" data for 1 year. Another section that provides an overview of the different engineering and location datasets held by telecoms and potentially available to law enforcement agencies tells officials to use some AT&T data "cautiously." "AT&T does not validate results," the presentation reads. That section also mentioned that Verizon has a "new" location tool that law enforcement agencies can use. Rich Young, a Verizon spokesperson, told Motherboard in an email that "This is a tool that our security team uses in response to lawful warrants and emergency requests. For example, this tool would be used in response to cases involving armed fugitives or missing children. As a common industry practice, the tool uses network-based cell site location information. All other major providers use a similar approach."

This week the U.S. Air Force announced that it's chosen Alaska's Eielson Air Force Base as the site for its first "micro" nuclear reactor test program.

The Drive reports: The U.S. military, as a whole, together with the Department of Energy has been increasingly looking into micro-reactor designs as possible ways to meet ever-growing electricity demands, including for units on the battlefield, as well as to help cut costs and improve general operational efficiency by reducing reliance on fossil fuels. The base is situated deep within the interior of Alaska near the city of Fairbanks and is around 110 miles south of the Arctic Circle [and 26 miles from Fairbanks].

It is not clear exactly what the specifications might be for the reactor that is now set to be constructed at Eielson... The Air Force did say that the project in question had been initiated in response to language in the annual defense policy bill, or National Defense Authorization Act for the 2019 Fiscal Year and that the goal is for the micro-reactor to be fully operational by the end of 2027. This would seem to indicate that this reactor is the one that the Office of the Secretary of Defense's Strategic Capabilities Office is leading the development of as part of an effort known as Project Pele. The goal of that project, which started in 2019 and that you can read more about here, is to demonstrate a small reactor capable of producing between one and five megawatts of power...

In March, the Pentagon awarded contracts for prototype Project Pele reactors to X-Energy and BWX Technologies. These deals cover the continued maturation of the respective designs over the next two years, with the expectation being that a winning design will be selected afterward. The hope is that work on an actual microreactor will begin by the end of the 2022 Fiscal Year...

It is worth pointing out that 19,780 acres associated with Eielson are already designated by the U.S. Environmental Protection Agency (EPA) as a so-called "Superfund site," due to existing toxic chemical contamination related to "closed and active unlined landfills, shallow trenches where weathered tank sludge was buried, a drum storage area, and other disposal and spill areas."
Waste from the micro-reactor "will be subject to the same rigorous storage and control requirements of the commercial nuclear industry," explains an Air Force FAQ. (Though more specifically, it says that "Used fuel will be stored on-site using NRC-licensed storage casks pending a decision on the ultimate disposition of commercial spent fuel.") The FAQ also notes the reactor will not be connected to the commercial grid.

The Drive points out that currently the Air Force has just been using a fleet of diesel locomotives that bring the base trainloads of coals.

Zack Nelson decided to go back in time and add a suitably classic storage medium to a retrocomputing project, in the form of a cassette interface. Hackaday reports: The cassette player he had available was a Pearlcorder L400, which uses the smaller microcassette instead of the familiar audio tapes used in your Walkman or boombox. [Zack] designed the entire thing from the ground up: first he decided to use differential Manchester encoding, which provides immunity against common disturbances like speed variations (which cause wow and flutter). The data is encoded in the frequency range from 1 kHz to 2 kHz, which suits the bandwidth of the cassette player. Next, he designed the interface between the computer and the tape recorder; built from an op-amp and a comparator with a handful of discrete components, it filters the incoming signal and clips it to provide a clean digital signal to be read out directly by the computer.

The system is demonstrated by hooking it up to an Arduino Nano, which reads out the data stream at about 3000 baud. The noise it makes should bring back memories to anyone brought up with the "PRESS PLAY ON TAPE" message.

An anonymous reader quotes a report from The Guardian: The UK government has announced plans to launch a $551 million (400 million pounds) package of investment alongside the US billionaire Bill Gates to boost the development of new green technologies. Boris Johnson said the deal would help power a "green industrial revolution" and develop emerging technologies that were currently too expensive to be commercially successful but were essential to hitting the government's climate goals. Speaking at a Global Investment Summit at the Science Museum in London on Tuesday, the prime minister said the partnership would help develop UK technology related to carbon capture and storage, long-term battery life, jet zero (zero-carbon aviation) and green hydrogen technology.

"I think these are all technologies that have massive potential but are currently underinvested in, by comparison with some others," Johnson said. "We will only achieve our ambitious climate goals if we rapidly scale up new technologies in areas like green hydrogen and sustainable aviation fuels -- technologies that seemed impossible just a few years ago." The UK has already pledged at least £200m to the development of new British green technologies. Gates announced on Tuesday that he would match the commitment via Breakthrough Energy Catalyst, a coalition of private investors he leads in funding innovative approaches to tackling the climate crisis.

A contract with a tech giant can put a startup on the map with venture capitalists and the market at large. That's what happened for Netskope, a cloud-based data security provider. Founded in 2012, the company was able to quickly scale up and secure multiple rounds of funding -- in part because it had a top-tier customer right out of the gate: Netflix. From a report: There was just one catch to landing that deal: It had to hire the streaming company's vice president of IT operations, Michael Kail, as a consultant and an advisor, and pay him with fees and stock options. Netskope (not to be confused with the now-defunct Netscape) wasn't the only startup confronted with that proposition. At least nine firms that worked for Netflix entered into similar arrangements, according to the U.S. Justice Department. Other companies drawn into Kail's web included software, cloud-storage and analytics companies Docurated, Numerify, NetEnrich, Platfora, VistaraIT, ElasticBox, Maginatics and Sumo Logic. The shady-sounding plot was described by the government during a criminal trial earlier this year in San Jose federal court. Kail was found guilty of more than two dozen fraud and money laundering counts. At his sentencing Oct. 19, prosecutors will ask that he get a stiff punishment of seven years in prison as well as be ordered to pay fines, restitution, and forfeit a $3.3 million home in Los Gatos, California.

The former Netflix VP, who also briefly served as chief information officer at Yahoo, "leveraged his status as a leader of the IT community in Silicon Valley to subvert the trust of Netflix and others to profit at their expense," prosecutors said in a recent court filing. They added that the similar schemes are "almost certainly" common among high-level tech executives, but that in no way excuses the behavior. The startups that paid to play, and possibly many others, believed this was how Netflix did business." A disturbing element of this narrative is the unequal playing field startups are on when they negotiate with big companies. As the government suggested, the crimes also seem relatively easy for an influential executive to carry out -- especially since the founders of fledgling firms have little if any incentive to blow the whistle, and may feel they have no choice but to go along with a pay-to-play scheme. In his own memorandum to the court, requesting that he be sentenced to a year of house arrest, Kail, 49, described himself as a "global power leader, top dev ops influencer and a thought leader." He appeared to minimize the impact of the crimes, describing them as "regrettable flaws in communication and transparency," and asserting that his undisclosed business relationships were more helpful than harmful to all involved. Yet many startup founders already have ample complaints about overly-generous advisor compensation and messy cap tables, even without the added corporate bribery wrinkle.

Tomorrow morning, the ProShare Bitcoin Strategy ETF is scheduled to begin trading. "Before you rush headlong into this market, it's important to understand that there are crucial differences" between an exchange-traded fund that's backed by actual Bitcoin and an exchange-traded fund like ProShare's that is backed by futures tied to the cryptocurrency," says Jared Dillian via Bloomberg. Here's why he says "a Bitcoin ETF on futures might not be such a good idea: The vast majority of commodity-based mutual funds and ETFs and are also backed by futures, but that's because the actual physical storage of most commodities is impractical, like with oil. Also, with almost all commodities most of the trading action and liquidity tends to happen in the futures market, not the spot market. The United States Oil Fund LP is the classic example of a commodity fund that is backed by futures. The fund earned some notoriety in 2020 when it scrambled to roll its futures contracts out the curve (in violation of its prospectus) in order to prevent the fund's bankruptcy in the event that the price of oil went negative -- which it did.

The United States Oil Fund case is an example of why a Bitcoin ETF on futures might not be such a good idea; it's impossible to predict what will happen in the futures market. But the main reason that people oppose futures-based ETFs is the cost of carry. When commodity futures are in contango, or when the price of deferred month contracts trade above front-month contracts, there is a significant cost to roll futures contracts from one month to the next, and that underperformance is passed to the investor. This has been a major complaint about commodity ETFs for years.

While commodity futures frequently trade in contango, they can also trade in backwardation, which is when deferred month contracts trade below front month contracts. In this case, investors earn a positive roll yield. Many commodity futures are trading in backwardation at the moment, although Bitcoin is in contango. There is no reason to believe that it might not one day be in backwardation. Gold is an example of a commodity where the ETFs hold the actual metal and not futures, because the storage and accounting of physical gold is fairly straightforward. So why can't a Bitcoin ETF hold actual Bitcoin? The reason is because the U.S. Securities and Exchange Commission's primary objection to physical Bitcoin funds is that the underlying market is unregulated. Well, the gold market is unregulated and we have physical gold ETFs, so what gives? The Bitcoin people are trying to figure this out. Dillian says there should be a physical Bitcoin ETF. "The Winkelvoss twins were the first to apply for one, back in 2013, when Bitcoin was trading below $1,000 (it's now around $62,000). If their fund had been approved, it would now likely be the largest, most liquid ETF in existence, and would have provided supercharged returns to a whole generation of investors."

Novelist Dave Eggers has just published a sequel to his 2013 dystopian tale of a tech company called The Circle — in which a low-tech crusader now tries to destroy the most powerful tech company in the world. Ars Technica quips that "When big tech rules all, don't say Dave Eggers didn't warn us." The Every quickly asserts itself as a logical progression from its literary forebear. Moving past simply recording everything, this world now revolves around measuring everything so that technology can spit out directions... The Every's health app tells you when to get up and jump at your desk. The Every's storage solution will digitize all your belongings as 3D-printable files so you can incinerate your waste and lower your carbon footprint. Media from The Every is driven by data-tracking technology that can tell when readers/viewers/listeners tend to abandon ship; it then tells creators how to improve...

"The Circle was more about surveillance and whether privacy is possible," said Eggers. "This is more about whether we want to exercise free will on a daily basis, or are we happier to have these algorithms feed us and free us of all these decisions and anxieties? What if there was one monopoly who promised to make you your best self so long as you basically gave up control over every decision?"

Though its themes are no laughing matter, The Every is littered with the smirk-inducing ideas you'd expect from Eggers. Each matter-of-fact aside about how life has evolved from our present day into this book's near future is a comedic dystopian gem... You don't have to go far these days to see how tech-reliant society has become; it's painfully evident that our world is quite comfortable with outsourcing decisions and plans to the algorithm. In this light, The Every isn't blazing new trails with its central themes, but few works will so reliably stop you mid-sentence or post-chapter for a moment of reflection. And that's because Eggers has a gift. Consistently, his ideas are amusing and laugh-out-loud funny, but there's also a deep sense of reality beneath them. When that clicks for you during a reading session, you arrive at the realization that the real world isn't so far behind the Every world.

Comedy can turn into horror quickly.
"The best way to hold a mirror up to the way we live now is to turn the absurdity up just a little more, and we can reflect back on how we're living now," Eggers tells Ars Technica. "Then, maybe, there's a fork in the road where we say, 'Well, we actually don't want that, if that comes to fruition, maybe we'll fight back.' That's about the only hope you can have writing something like this."

Ars Technica notes that Eggers and his publisher McSweeney's "took extra care to sell through places beyond Amazon... 'It felt like a book about the increasing saturation and reach of a monopoly was a good opportunity to make a bit of a point: We still have a choice for the time being. You can go into [a local store like] Book People and buy a book there and support the local economy as opposed to giving money to the apex predator. If we want retail diversity, we need to feed smaller operations."

The article adds that Eggers doesn't have a smartphone, and he tries to stay offline.