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If anything, this seems like the first thing that would have to be checked. As such it becomes a single point of failure in security terms. I have a nephew who loves video games. Do you understand anything about the laws of ownership? And while they were the ones who asked for it, they are not the ones who are curious about it. January 11, 2021 7:17 AM. Oh and then Lin Wood could have the qualifications to practice revoked and one or two other things including going to jail…. Due to the over broad scope of US computer security legislation, those who have in the past broken the rules / T&C’s of system owners have found themselves facing criminal conviction…. Similar applies to many of the others. No. The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. Selling a $10 device to 5Billion people or even 350,000 people (pop of USA) doesn’t make the cut. It seems the road to usable implementations in a long on. There is a security/privacy issue for which the pod appears to be a worse solution than a data silo such as Facebook. I have the same question and appreciate clarification. Direct Stock Plans . Not exactly a paragon of users being in control. [*] Modify and delete data in existing documents, and delete documents 3) Reading the “Security Considerations” of the Solid spec are terrifying. I logged-in, gave myself an account, and it reminded me of the old computer dial-up screens. This personal website expresses the opinions of none of those organizations. Usually, a company that has a high risk of bankruptcy has already seen massive declines in its stock price before the actual bankruptcy filing is confirmed. Is a pod only “controlled” by you but not “owned” by you? The information contained in this Smart Alert does not constitute a recommendation by ETRADE Securities, and is subject to the Smart Alerts Terms and Conditions (https://us.etrade.com/e/t/estation/help?id=1209038000) and the E*TRADE Securities Customer Agreement (https://us.etrade.com/e/t/estation/help?id=1209031000). Once users have a Solid Pod, the data there can be extended, linked, and repurposed in valuable new ways. [ ] Give other people and apps access to the Pod, or revoke their (and your) access, This server (node-solid-server V5.1) only implements a limited subset of OpenID Connect, and doesn’t yet support token issuance for applications. Frank Wilhoit • In which case, how long would something like this last before legal compulsion, marketing value proposition, debugging needs, physical pod access, etc create business incentives for the companies who “own” the pod to also control and have some limited ownership of the data? November 13, 2020 2:29 PM. January 11, 2021 8:12 AM. Bruce, you can do this. There are so many holes in the idea of this being a “good idea” that I don’t even know where to start. When you use Solid, you only need to login to your Identity Provider. Pollard • One thing I don’t get is, if I let some third party get data from me once, whar control do I have left on that data once it is out in their hands? It can get a little more complicated if a company is being acquired with stock, or a combination of cash and stock, since the value of that stock will also fluctuate from day to day. GameStop, AMC Jump in After-Hours Trading. I personally don’t use Email let alone social networking. In fact, trading in its shares was more furious than ever. The ticker symbol of stock that is trading "when issued" will end with a "V". Is the pod an actual physical thing that resides on my premises fully under my control or is it a cloud service blob hosted by the company? There are a LOT of “…MUST…” and “…MUST NOT…” statements, but the whole thing starts off with “Some of the normative references with this specification point to documents with a Living Standard or Draft status, meaning their contents can still change over time. Because way too many people are like this, we have the mess we see today. So I don’t hand over my details there. January 10, 2021 4:32 PM. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. I cannot take it back ever, can I? And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution. Should You Buy GOOG Stock? Etienne • Impossibly Stupid • January 27, 2021 2:34 PM. It seems to me that a “pod” is a sort of personal cloud to which you entrust ALL your data. With a new startup called Inrupt, Berners-Lee aims to fix some of the problems that have handicapped the so-called open web in an age of huge, closed platforms such as Facebook. © 2021 TheStreet, Inc. All rights reserved. I would need to be convinced that security of the pod exceeded anything hitherto available to be willing to entrust everything to it. Not even mentioning any kind of client-side encryption to ensure the provider does not get access. So the user still has to know what his files are and where to put them, and manage file access. Can Solid prevent 3rd parties from replicating data they have legitimate access to ? Even before the exchanges open, you may be able to buy and sell stock. Unfortunately like many startups and grand ideas I’ve had to deal with in my career, this is like most of them, * You want the Big Dogs and the Big Money. If you want to buy back into the company after bankruptcy, know that the company’s OTC stock will have a “Q” at the end of the ticker name. I am a public-interest technologist, working at the intersection of security, technology, and people. Buying common stock of companies in Chapter 11 bankruptcy is extremely risky and "is likely to lead to financial loss" according to the SEC. Where are these people running off with their customers’ and shareholders’ money anyways? The Blockbuster bankruptcy hasn't slowed down trading activity in shares of the distressed video rental company. Thus those who have broken the rules should so far br glad they have only been evicted from the systems they rented. 2) The “pods” have to be hosted somewhere that is not under my full control. After struggling last year amid the pandemic, Alphabet's advertising is back in business. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. A debtor's solvency is determined by the difference between the value of its assets and its liabilities. During bankruptcy, bondholders will stop receiving interest and principal payments, and stockholders will stop receiving dividends. I’ve read all of the comments, and not a single one says, “Hey! Here are 5 key questions and answers about trading in shares of a company that has declared Chapter 11 bankruptcy, courtesy of the Securities and Exchange Commission (important caveat: these rules do not apply to Chapter 7 bankruptcy). Thus these network and infrustructure owning entities have agreements with contractual agreements that are in effect other Terms and Conditions. First of all, thanks for choosing such a crisply absurd example to start with. All rights reserved. I also do not take my phone shopping or for much else. Solid enables richer choices for people, organizations and app developers by building on existing web standards. November 13, 2020 9:16 PM. Earlier this year, I announced that I had joined Inrupt, the company commercializing Tim Berners-Lee’s Solid specification:. Oh and it’s all quite legal, just as, by the way, these same people have been espousing for decades. An investor might rightly wonder why anyone would trade shares of a company that has declared itself bankrupt. Reading this just makes me sad. The truth is, there are many different things that can happen to stock options when a company IPOs. If you have questions, please contact us through Customer Service (https://us.etrade.com/e/t/accounts/servicecenterhome). With their “The Rights of the idividual over the rights of society or their responsabilities to society” mantras of their “True libiterian Free Market ideal”. The SEC cautions investors to be sure to know which shares they are purchasing, because the old shares that were issued before the company filed for bankruptcy may be worthless if the company has emerged from bankruptcy and has issued new common stock. [*] Add data to existing documents, and create new documents KJN • It concerns the privacy of the individual consumers of your data. Much easier to buy an Enterprise Level Solid Pod Server to get it direct. Extremely Insecure. Pod providers can be Solid compliant without encrypting the data stored […]. Let’s pick a few choice quotes from the “Solid specification”, particularly their FAQ: Are Solid users expected to setup their own servers and self-host? And who knows where they found the cheapest hosting; and who knows what else they outsource, or to whom; and who knows what is in their contracts with their investors — do I need to go on? For example: Authorize https://noeldemartin.github.io to access your Pod? Not sure what the prosecution time limits are but they are likely to be atleast seven years. OIDC Token Issuance and fine-grained management through this authorization user interface is currently in the development backlog for node-solid-server. November 21, 2020 3:45 PM. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. November 18, 2020 12:00 PM. In most instances, the company's plan of reorganization will cancel the existing equity shares. It’s exciting to see organizations using Solid to improve the lives of everyday people — through better healthcare, more efficient government services and much more. 1) Once granted access there is nothing preventing retention and unauthorized reuse of the retrieved information. Security- and Privacy-wise they are a dumb and dangerous idea. Does Solid mean we won’t need so many passwords? Self-hosting means that your data would sit at home on your own physical hard drive or server. all of you naysayers can continue to willingly hand over everything “You” to the Tech Gulag Commandants! QUESTION 1: How can shares of a company that is in Chapter 11 bankruptcy proceedings continue to trade? Imagine if someone said the same about your operating system, nobody would believe it I am sure. There is an idea/meme/mantra that ‘data wants to be free’, and ignoring the anthropomorphism, it does illustrate that enforcing boundaries on data sharing is a hard problem. They just want their facebook, netflix, games, news, etc. Inrupt, the startup from World Wide Web founder Tim Berners-Lee, announced an enterprise version of the Solid privacy platform today, which allows large organizations and … Although a company may emerge from bankruptcy … RK • January 11, 2021 11:49 AM. 4) What is the impetus for companies to pay for this service? Yes. November 14, 2020 8:56 AM, https://www.gnu.org/philosophy/keep-control-of-your-computing.en.html, Cassandra • If more people took a little pain instead of a few seconds convenience that in reality becomes a life times inconvenience, then the business models of those “Tech Gulag Commandants” would not just fail they would go bankrupt as well which is more than fine with me. Thus in real terms whilst they might be free to try to rent other services, they are now a significant risk thus not one many honest entities would wish to be involved with. When it comes to malicious cyber attacks, an attack on a single source of many people’s data is generally more likely than on an individual level. check. PattiM • Solid allows you to precisely choose what other people and apps can read and write in a Pod. said:’This brings up a question about what “control” actually means. Header image at 14.5MB! Your data lives in a pod that is controlled by you. Bondholders may receive new stock in exchange for bonds, new bonds, or a combination of stock and bonds. DRM is there to prevent people taking unauthorized copies of data; which is precisely what individuals want to do with their own personal data. It stays at home, or on/in the desk when on and is often off when I go out and about. Still perhaps Google will buy one. Commercial providers of pods will compete on features, and this will make it hard for them not to offer everything of which the technology is capable. Hack someone’s pod and you get absolutely everything. Data Is a Toxic Asset, So Why Not Throw It Out? Only you can choose to no longer remain a fascist idiot, but that requires you to choose to end your willful ignorance. To pay for stock X, you sell stock Y on Tuesday or later. You may also discover that an old friend from High School has an unhealthy level of interest in your swimsuit photos. Maybe AOL like my brother had. November 13, 2020 5:10 PM. November 16, 2020 6:47 PM. If something isn’t working the way he thinks it should, he calls me and says “uncle, fix it!” When I suggest that he hang around and learn how to do it himself, he runs outside and plays basket ball. And if you opt not the grant global permissions, the application just doesn’t work. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Therefore they did what the rights of ownership alowed them to do “Evict rule breakers”. And it will turn out just like the Windows 10 feature of constantly asking for authorization, or Apps asking for permission to access various types of data, you automatically say OK or you turn off the function that asks for permission. Corporate users have this done for them already, and grandma and Uncle Fred aren’t sure what files are or where they live anyway. Great idea!” so I’m leaning towards thinking I’m not crazy. Cash is still legal tender most places (where I shop at least). November 15, 2020 11:10 AM. Easton • At first glance this seems to be at odds with how the pod is described and the vision. This will add the application origin to your authorization list, without granting it permission to any of your data yet. Once you have documented your loss, you can deduct your stock loss just like any other losing stock sale. A system that successfully controls access to personal data could be used to control access to an mp3, or a video. And if the model is managed pods by hosting companies – how exactly would this be different from managed data service providers like Google Photos, Picasa, Dropbox, OneDrive, Sharefile, …, Peter Green • RK • The owners of the systems being rented, found those renting were breaking the terms and conditions of the rental agreements. November 13, 2020 2:35 PM. This already seems like too-good-to-be-true. . As ClodFlare has already shown they will disconnect services that carry traffic that they believe are in contravention with contractual agrerments and T&C’s, There is a chance that even though the services may be set up on owned systems within owned premises, no one will alow them to connect to the “Network of Networks” that the Internet is…, Now you might think they could set up abroad, but… The way the Internet is currently set up as an “All roads lead to Rome” system with in this case “Rome” being the US of A that may not be able to talk to US networks…. November 13, 2020 3:43 PM, @Ross Snider • November 13, 2020 3:00 PM The Solid spec doesn’t seem to cover that (based on a quick scan rather than a full audit, I admit), but there are various methods that could be put to use: Back when the original iPod came out, I had similar ideas of my own to extend it to serve as this kind of true “pod” device to hold all kinds of personal information beyond music. There is no federal law that prohibits trading of securities of companies in bankruptcy. In any event, trading in shares of companies going through the bankruptcy process is a high risk strategy. They don’t need a Big Enterprise Server to save their data from exploit. Your request (Reference Number: ###########) to transfer $### from Cash NQ-#### to Ally-#### was successfully submitted for processing on 03/16/2020 at XX:XX ET. Thankfully everyone posting before me has done a pretty good job. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. Self-hosting is possible but not essential when using Solid […], When I want to leave a Pod provider, can I take my data with me? Data generated by your things — your computer, your phone, your IoT whatever — is written to your pod. In fact, conservatives are getting banned and shut down across the www in what can only be called the great tech purge of 2021. Stock prices can drop for many different reasons. November 16, 2020 11:06 AM. […]. Just because the stock markets close at 4 pm does not mean that trading stops. If you want your friends to have access to your vacation photos, you grant it through your pod. Under Chapter 11 bankruptcy, there is slightly more hope that the company can survive and your stock … Posted on November 13, 2020 at 2:17 PM • We cannot respond to e-mails sent to this mailbox. If you don’t want to set these permissions at a global level, uncheck all of the boxes below, then click authorize. January 27, 2021 12:37 PM. And I assume some kind of user-end GUI to make it easier? Inrupt’s Solid Announcement. Bruce, you are peddling snake oil and I don’t like the smell of that. QUESTION 2: What is the risk level of trading in shares of a Chapter 11 company? It depends on the Pod Provider. The solution is at the bottom of the heap with the little folks. Public stock markets list only public companies — that went through an IPO — usually long after they've experienced their most aggressive growth. Pods provide a convenient way to keep different “social media”, etc. Since then, Blockbuster's pink sheets have been temporarily suspended by the SEC. ) You discover that your funny pictures of your cat, your children’s glorious wedding photos, and your acute political observations are read by – nobody. So I try to minimize that way. You authorize granular access to that pod to whoever you want for whatever reason you want. Is there an equivalent use case for enterprise pods to protect trade secrets? TRX • KJN • A little red – sign, click on it, an x shows up and the words “delete” so I click on the x and nothing. Yes, unless the Pod provider doesn’t allow you to. all of you naysayers can continue to willingly hand over everything “You” to the Tech Gulag Commandants! November 13, 2020 3:00 PM. But there are other options to consider. But that does not preclude the system owners going after the renters they evicted for civil damages based on the harms caused. Viewed in this light, I think the problem is less technological than legal: laws that made data sharing without consent illegal, with credible and real sanctions for doing so would have a greater effect. Any 3 … View Inrupt stock / share price, financials, funding rounds, investors and more at Craft. I can goof around with my operating system on my computer, but I have ZERO faith in my actually having real control over it. Solid is a technology for organizing data, applications, and identities on the web. What Happens When Stocks Go Down? Except for the racist slave-holding part; they’d love to resurrect that abomination of evil oppression. It’s yours. November 14, 2020 9:59 AM. All my data from all IOTs and phones and computers written to one convenient location for Law Enforcement, Courts, and anyone suing me to access with nothing but a decision by any judge. This version of the authorization user interface (node-solid-server V5.1) only supports the toggle of global access permissions to all of the data in your Pod. […], Is data in my Pod safe? I even do that sort of thing myself for published blog comments like this one. The media industries have spent a lot of time and trouble implementing DRM, to prevent people sharing certain kinds of data, and I understand it is not entirely successful. The “little guy” has little knowledge how to install, secure, or even operate most computer and networking equipment. In which case, how long would something like this last before legal compulsion,…”. I understand the concept, but the current implementations seem to have authorization scopes so broad that most users would run away. All of your data will not necessarily be in one place, since you can store pieces of data across several Pods. Your data lives in a pod that is controlled by you. There is no escape from this issue if your pod is provided by a third party. The delete email address threw me for a loop. DangerMouse • When companies announce layoffs, poor financial performance during a financial quarter, or face a major scandal, stock prices can … Image source: Wikipedia. No. Either I’ve lost my security mojo or Bruce has. This expectation attracts more stock investors and can breathe new life into the overall market. By clicking Authorize, any app from https://noeldemartin.github.io will be able to: [*] Read all documents in the Pod Using Form 8949 and Schedule D, offset your gains and losses to determine your net capital gain or loss. This old stock is more volatile and could be worth … I would be curious to have Inrupt provide some reasoning about launching for enterprise first (or frankly at all)? Parler was shut down because they fomented group violence against innocent people in the effort to overthrow our democratically-elected government. This week, Inrupt announced the availability of the commercial-grade Enterprise Solid Server, along with a small but impressive list of initial customers of the product and the specification (like the UK National Health Service). Sometimes the new stock may not have been issued by the company, although it has been authorized. This material may not be published, broadcast, rewritten, or redistributed. QUESTION 5: Are there case in which the bankruptcy court decides that shareholders should get nothing? Rj • Inrupt.net is hosted on amazon/aws who overnight, just shut down an entire social networking site, Parler, because Parler has mostly conservative members, including US Senators and US Representatives. Either way makes me sad. However, discretion is strongly advised in a situation such as this, as penalties for insider trading can … If you want your thermostat to share data with your air conditioner, you give both of them access through your pod. Basically AWS shut down Parler for their political views. This brings up a question about what “control” actually means. November 13, 2020 6:45 PM. So Lin Wood for instance could loose any assets owned and assets shared if the court believes there has been an attempt by Lin Wood to reduce losses. Select an online stockbroker. November 15, 2020 7:56 AM. From a user point of view, how the data is stored is not as important as how it is accessed and controlled. No, that is their new business partner, some kind of three-person garage shop who sold them on some kind of vaporware “analytics”. But there is a more fun side to this, which I’m waiting for someone to act upon. Yes. Kurt Seifried • . If you and others begin to buy, stock prices tend to rise, which offers the potential to make a profit. If all my data is in one place, does it not become a vulnerable target for hackers? Is the Pod encrypted while it is stored on a provider’s system? Mike Hennessy • They are not “Conservatives”; they are anti-Democratic buffoons. Do you want me to roll around on the floor laughing with tears in my eyes as “they get hoist by their own petard”? For tax purposes, holders of worthless stock should contact an Internal Revenue Service (IRS) office or call 1-800-829-1040 for information about how to report worthless securities as a loss on an income tax return. Sidebar photo of Bruce Schneier by Joe MacInnis. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets. If you want your insurance company to have access to your fitness data, you grant it through your pod. Here are a couple of key points. The Internet is not a public network and it is not owned by any single private entity. They need a own-controlled-data-filter-stripper to starve the the system. The way initial public offering pricing works is that investors want to buy stock in a new company at a low price, and the company wants to sell it at a high price, and an investment bank … So, trusting the provider all the way, hm? In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. Dropbox with granular access? For more in-depth information on trading companies whose shares are in bankruptcy, consult this SEC web page: http://www.sec.gov/investor/pubs/bankrupt.htm. Thanks to the ECN, or Electronic Communication Networks, you can still place trades through your online trading account. • • • •

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