Re: Fwd: [projectvrm] Apple co-founder Steve Wozniak condemns the cloud

[Brian Behlendorf < >]

I think Woz's alarm was a bit awkward and overstretched only in the same 
way that those warning about mortgage-backed securities before 2007 
sounded awkward and overstretched.  These and other boutique investment 
"innovations" appeared to perform admirably at first and be adequately 
hedged - but both individually and collectively we seem to be bad at 
estimating risk, at forgetting that "past performance is not indicative of 
future returns", that things which work at one scale/order of magnitude 
are not guaranteed to work at the next, and that unsustainable business 
practices tend to stop at some point.  I don't yet know if there's a 
systemic collapse problem the way there was one in the financial world in 
2007 - though if gmail or even paypal were down for more than two days at 
some point or hopelessly widely compromised, one could imagine that 
impacting GDP by quite a few basis points.

Brian