The Indy reports on Bailey of the Bank on Bitcoin, who warns, “Cryptocurrency has ‘no intrinsic value’ and investors will ‘lose all your money’, says Bank of England chief” I add, “Bitcoin only works because the ‘proof of work’ is so expensive and time consuming; and its also destructive of the environment due to its useless power consumption. (It’s also very slow, doing 700 TPS, that’s not enough for a business, let alone an economy.) …
Vendor Management and the Labour Party
I wrote a blog on linkedin, on what I call Vendor Management. This is based on my experience as an IT Security and Compliance consultant, and leans on ISO 27001. Some of the words in this article, mirror what I say in the linkedin post. This article, see below/overleaf talks about risk classification, risk control super-strategies and risk monitoring. It then looks at the Labour Party, recommends the adoption of quality brands as an employer and as an IT User. It ends by asking some basic questions about the impact of [the lack of IT Governance]. It challenges the secrecy and the commitment of the NEC to get this right and concludes the statement that there is a common body of knowledge that allows the effective management of IT & IT Risk. AS Liverpool Council have discovered, this can’t be made up. …
Privacy Regulation
I wrote a little piece on my linkedin blog on the EU Commission’s proposal to agree a data “adequacy” agreement. I point out the next set of hurdles, although I downplay the likelihood of any intervention by the CJEU but note that not was critical in striking down the original EU/US “Safe Harbour” agreement. I note that one threat to its renewal at the end of its four year live is the desire and plans of the British Govt to depart from the current legal protections which are based on the EU’s GDPR.
Issues of state surveillance, the European Council’s Convention 108 and the Human Rights act are all engaged. We’ll probably get it, but for it to be renewed, we’ll have to remain aligned with the GDPR & C108. The right to seek judicial redress by EU citizens may become important as it is a point of contention between the EU & US over the Privacy Shield.
One indicator of a desire for divergence is the advert for the role of Information Commissioner, which asks for,
The Government’s National Data Strategy sets out its ambition for the UK’s pro-growth and trusted data regime, one that helps innovators and entrepreneurs to use data responsibly and securely, without undue regulatory uncertainty or risk, …
cabinetoffice.gov.uk
This has been picked up by the Open Rights Group, who are asking people to write to their MPs, we need an independent Privacy Regulator.
The retreat from the promise of the GDPR is not just a UK phenomenon, across Europe pro-business politicians are beginning to say that it’s too onerous. It’s a shame we’re out, our voices no longer count …
Technical debt, depreciation and risk
I wrote and posted a piece on Technical Debt on my linkedin blog. Its post comment, based on the concluding paragraph says, “I look at “Technical Debt” in the context of IT budget planning and suggest that it is not such a useful concept. Using standard risk management analysis is a more effective means of planning a maintenance budget which should consist of funding for both error & risk remediation. Depreciation is a better financial model for the problem.”
There must be much written about the nature of depreciation from physical wear and tear, to the need and cost to replace due to increasing failure; perhaps I should look for some reading on how this applies to information systems. I question if software is an asset in terms of accounting theory, I suppose so because it has value in more than one accounting period, but can it be realised? I also question the value of placing a cash value on software in use, identifying its cost to acquire is potentially simple, its residual value is much harder and synchronising this change to a single corporate depreciation rule can be difficult.
Some things I considered writing about include the number of times while trying to clean up or rationalise corporate IT estates to be told that, “you’re not touching that!”. We used to joke that they’d lost the system which pays the board’s bonuses, but these systems were almost always obsolete and acted as a technology sink keep product in the portfolio that should have been abandoned. Recently I came across the phrase, fictional capital, these systems had an unknown value and the decision to leave them alone seemed based on a pessimistic and fictional view of their value. I sometimes suggested turning them off to see who squealed but this advice was never accepted.
Also it needs to be considered that the maintenance budget is a function of the size of the information systems portfolio and much of it is a fixed cost. If you don’t spend the money the systems stop and they do not vary with output. …
On DMCA takedown of youtube-dl
The EEF thought fit to comment on an RIAA DCMA takedown using §1201 of the DCMA aimed at a program called youtube-dl hosted on Github; I forwarded it via Facebook with a cryptic, acronym laden comment, and not surprisingly, some of my correspondents suggested I could have been more helpful and understandable. So I wrote an article on Linkedin, although much of it can be gained from the EFF article, however, this version includes a bit on oppressive economics of copyright maximalism, and a comment noting that Github have reposted the repo and revised their process to ensue their policies of supporting developers is fully considered when considering takedown notices. ...
Excel and Track & Trace
The UK’s world class “Track & Trace” application “lost” 16,000 cases for over a week, as reported in the Register. Plenty of people have decided to comment and so I thought I’d join in and posted my thoughts in a linkedin blog, although I start this post with a quote from the Register, including the fabulous phrase, "Ridicule and despair, those shagged-out nags of our Johnsonian apocalypse, once again trudged exhaustedly across the plaguelands of England". For more see below/overleaf ...
ARM in play again
I was interested to learn that ARM is in play again, although curious to learn that Nvidia might be its suitor, and even more interested to learn that Nvidia has overtaken Intel as the world’s largest chip fab. How did that happen? Nvidia sell on consoles as well as PC/laptops and games platforms are it seems another good whose demand has been boosted by CV19 and that the global demand for cycles has been driven by HPC and AI recently where the Nvidia are competing architecturally with Intel, although they need a CPU to complete their portfolio. It may be a better fit than I’d thought.
I have to laugh a bit, as Intel drove the final RISC players out of the market by leveraging the volume of the consumer product design, and it would seem, have been bitten in the arse by the same thing. These products require volume, and production will coalesce towards the low price duopoly.
ARM was bought by Softbank, for £24bn cash, just under 4 years ago; they are a Japanese venture/hedge fund which has famously had it its own problems. I wonder what they did with the money as some of their principals are now bleating for state protection as Nvidia is a allegedly an inappropriate owner of the chip designers. The Verge heralded it as another proof that intellectual property has value. The Register reports that the big stake holders have been insuring themselves against losing access to the intellectual property.
In this article on the BBC, they returned to Herman Hauser, one of ARM’s founders, who voted against the deal in 2016 who shares his fears for access to the technology of bought by another market participant, and possibly the decommitment to the Cambridge campus, which is a security of supply issue, but this Govt. is unlikely to do much and it should be safer owned by someone who wants the ideas rather than an organisation which just considers it a red-ink line in the P&L. …
There’s no divorce in Bitcoin
I attended a presentation hosted by the BCS, and given by Ron Ballard, based on his article in IT Now, “Blockchain: the facts and the fiction”. What he said inspired some thoughts and reminded me of others, some of which I have previously published on my blog. I wrote an article, called Learnings of Bitcoin, which was meant to be a spoof on the Borat film title and posted it on my linkedin blog, The article looks at the tight coupling of Bitcoin, and its consensus mechanism, the proof of work, together with its costs and vulnerabilities. It examines the goal of eliminating trust authorities and its questionable ability to meet the necessary roles of money as a means of exchange and a store of wealth. In the comment pushing it, I say, "This might be a bit basic for some, but you can't have a coinless immutable blockchain, at least not one based on 'proof of work'.", at which point you need to consider if there are better data storage platforms for your use case. I use more words to explore these issues below/overleaf ....
delicious bookmarks recovered
I found my delicious bookmarks, and decided to remove the easily identified as gone away and expose the tags, on the way, I removed those without descriptions. The links came from from ~3525 to ~1800. I was fascinated by del.icio.us when I first discovered it, and used it as a micro blog. This is how it now looks in wordpress, but I need to put the anchor text, descriptions & tags through an ascii to html converter. The code is on github, in repo called delicious tools. The next stage is to allow them to be queried using the tags (or not, if I think it's worth it). The wordpress plugin on broken links continues to identify those that are broken, and I usually unlink them. If interested, 'read more' …
On Record Management
As part of my series on devising systems to create logs to protect an organisation and its staff against charges of criminality, I posted an article on my linkedin blog called “Doing Record Management well”. It doesn’t surprise me that there is an ISO Standard (ISO 15489) on the subject, but it does surprise me that I hadn’t heard of it until I started to research some of the articles in this series.
I have a research note on my wiki, which links to the Bank of England policy and also quotes Deutsche Bank’s policy, which is available because they post it on internet. I quote it here,
Deutsche Bank’s code of conduct, see page 25, says, among other things,
…“Maintaining accurate books and records is fundamental to meeting our legal, regulatory and business requirements. You are responsible for maintaining accurate and complete records and for complying with all the controls and policies our bank has in place. You should never falsify any book, record or account that relates to the business of our bank, its customers, employees (including your own activities within our bank) or suppliers. You must never dispose of records or information that may be relevant to pending or threatened litigation or a regulatory proceeding unless you are authorised to do so by the Legal Department. You must also comply with applicable record retention policies.”
DB Code of Conduct