Mark Handley of University College London has revealed Elon Musk's Starlink to be a leading
contended for the title 'world's worst technology project' (New Scientist, 10/11/18 p 5). The project will consume a
lot of skilled effort. And it will add to climate change from the
manufacture and launching of 900 comsats per year - a vast number.
And for what?
Starlink
will allow some banks to gain a milisecond level advantage in that form
of automated high-stakes gambling called high-frequency trading (HFT).
HFT is a singularly useless activity that supports no businesses and
feeds no children. And though it does make some bankers richer few of us
are likely to see that as an advantage.
There are better uses for the money and effort that Starlink will consume. Musk should pull the plug now.
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