OT Dear Internet, the world is well populated. This world, e.g., contains me (a population hobbled by an excess of one some may argue). Weby has his chart at the bottom of his posts with some sort of chasm thingy. Weets durably keeps his comments short, positive, and upbeat. 24601 ably recognizes moments where claims and the currency of those claims simply do not match. What I am trying to do is chide kindly about the fact that all come with varying levels and areas of expertise and personality. Yet others afford us entirely ingnorable content.
Here we assemble to kick around notes and notions on Wave Systems. The fact is the nuances of Waves leverage in todays market are at once complicated and obvious. The nature of Wave's current cash flow situation is at once simple and a tad confusing.
The facts surrounding Wave are these:
1. Huge credibility gaps from management, and not just restricted to SKS but well including PJS. This gives a (now eclipsing) multi-decade reality wherein any tidbit can become ... 'well, it sounds good but certainly I have heard this before'.
2. Arguments about paradigm change are real. Yes, these arguments were made a decade ago, but a decade does not make an argument invalid. The facts are these: the current state of affairs as it pertains to authentication, attestation, and presentation will not stand. Commerce simply cannot be built on this shody structure. There is a reason governements started coining currency thousands of years ago, folks need benchmarks. This digital age is a mess right now, and something resembling a bearer note ... currency, must surface. What is the face of the digital bearer note? Has Wave found a credential path?
3. Historically bearer notes did not simultaneously conduct electricity to a platform in south bronx. This convergence unto which Voids of a decade past lapped praise upon a "Gilder". Its not the telecosm convergence of those days, but right now, right here in the next 5, 50, or 500 days .. the plain fact that things have wandered into a wickedly dangerous array of falsness (money, identity, source, ...you name it) is really really a real spectacle that could really bring anarchy.
4. Notions that Wave fills this void are simply ludicrous. Teams, large teams, considered teams, and hopefully teams well populated with REAL experts need to start fastening bolts onto this nonesense. In the absense of success, the notion of (electronic) bearer currency will fail.
5. Wave Systems is part of a team. Yes, Wave really did start with notions of secure digital microtransaction which morphed into a secure execution space which then backed off into simply managing a very primitive notion of security (Can we attest and authenticate? ... at ALL!?!?!). The team hopes to achieve these things. The HAP stuff, to a fool like me, looks like it *COULD* be perhaps the first real beta of this new space that none of us can see.
6. Given that WAVX is essentially CFB, well anchored and has a history of authorship on all of these notions makes them well situated to dictate, gain from, and leverage the recreation of a very very old paradigm ... bearer currency.
In the meantime, they are good for about 5-6 bcks a share ina year or so.
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