For Now, at Least, the World Isn’t Making Enough Batteries

There’s booming demand for one of the product categories Tesla makes that gets far less focus than its cars. Residential-energy storage has been surging in the U.S., with more capacity installed in the second quarter than in all of last year. Tesla sells its Powerwall to homeowners.

Source: For Now, at Least, the World Isn’t Making Enough Batteries – Bloomberg

Why Tesla’s Elon Musk asks job applicants this key interview question

“People [who] really solved the problem, they know exactly how they solved it,” Musk explained. “They know the little details.” These candidates are able to talk in-depth about the struggles that they faced and the strategies they used. Says Musk, great candidates can answer this question on “multiple levels.”

Source: Why Tesla’s Elon Musk asks job applicants this key interview question

MoviePass has deep ties to Indian company accused of fraud

The connection between HMIT and MoviePass may be seen as one more negative in an already concerning situation for investors. HMNY’s financial outlook has been a topic of heated debate as the stock has nosedived over 98% in recent months. On Tuesday, the stock hit an all-time low of 24 cents during trading.

Source: MoviePass has deep ties to Indian company accused of fraud – Business Insider

Best Buy Should Be Dead, But It’s Thriving in the Age of Amazon

After knocking gently on the front door, they would step back and stand to the right, smiling, head down slightly, arms uncrossed, name tag visible on their blue, wrinkle-free Best Buy polo shirts. They would shake hands firmly, avoiding the dead fish or the lobster claw.

Once inside, they would offer to remove their shoes. They wouldn’t lean on the walls or place their Best Buy tablets on the furniture. If they noticed a cat, they would know better than to say they own a dog, and they definitely wouldn’t

Source: Businessweek – Bloomberg

A $1.6 billion Spotify lawsuit is based on a law made for player pianos

In 2018, streaming companies know with precision how many people are listening to what song. Databases of artists and how much they’re being owed are being updated regularly. And yet, in this unprecedented age of information and automation, it’s only become more difficult and more complicated to get money to the people who are owed it. Everywhere else the digital revolution is supposed to be streamlining old processes; when it comes to music, the logistics have only gotten more convoluted.

Source: A $1.6 billion Spotify lawsuit is based on a law made for player pianos – The Verge

US startups are shunning IPOs. That’s bad news for Americans

When industry powered US growth, companies grew by spending on capital investments like factories and machinery. Back in 1975, firms once spent six times more on capital investments than they did on research and development. But as the US shifted toward a services and knowledge-based economy, intangible investments became increasingly important. In 2002, R&D expenditures for the average firm surpassed capital expenditures for the first time. It’s stayed that way since; nowadays, average R&D spending is roughly twice that of capital expenditures.

Source: US startups are shunning IPOs. That’s bad news for Americans — Quartz

Researchers find that one person likely drove Bitcoin from $150 to $1,000

The bottom line is simple: if Bitcoin wants to be taken seriously it probably shouldn’t be this easy or legal to manipulate the markets. While decentralization is supposed to replace regulation it’s clear that there is still a way to go before it can be truly taken seriously.

Source: Researchers find that one person likely drove Bitcoin from $150 to $1,000 | TechCrunch

4 Million Bitcoins Gone Forever Study Says

According to new research from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for good based on a high estimate—and 2.78 million based on a low one. Those numbers imply 17% to 23% of existing bitcoins, which are today worth around $8,500 each, are lost.

Source: Lost Bitcoins: 4 Million Bitcoins Gone Forever Study Says | Fortune

In the future, more bitcoins will be lost. But the rate at which they disappear will be much lower than in the past since, now that they’re so valuable, people will be more vigilant about keeping track of them (unlike this poor fellow out who threw away a hard drive with the key to 7,500 bitcoins).

The Digital Divide Isn’t Microsoft’s First Priority

But in urban areas all around the world where Microsoft wants to do business, the white spaces will be very useful for “smart city” devices and applications—remember, that’s Microsoft’s big idea. And if the US is already widely using those white spaces, the rest of the world will follow along—both in terms of policy and in terms of providing additional marketplaces for the white spaces ecosystem of manufacturers to sell into.

Source: The Digital Divide Isn’t Microsoft’s First Priority | WIRED

Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.

In a recent survey of 1,100 virtual currency users, 94 percent were positive about the state of Ethereum, while only 49 percent were positive about Bitcoin, the industry publication CoinDesk said this month.

Source: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment. – The New York Times

Investors buying Ether are placing a bet that people will want to use the Ethereum network’s computing capabilities and will need the currency to do so. But that is far from a sure thing. And real-world use of the network is still scant.