It also cuts through the often pseudo-revolutionary language that surrounds the crypto world, and gives a realistic assessment of what we can and cannot expect of crypto-tokens. It’s contrarian: the book cuts through the innovation-speak that surrounds financial technology, and provides an account of why we should protect the unsexy physical cash system.I’m not anti-tech, but I’m not easily impressed by the unbalanced claims made by many technology movements. It also doesn’t hype up crypto-currency (let’s face it – there are now hundreds of books doing that). It’s critical: it doesn’t romanticise digital money and fintech, and shows why the narratives of empowerment-through-technology have a dark side.It distills the complex architecture of money into clear descriptions that a non-expert reader can understand. It’s clear: it is hard to write about global monetary systems in a simple way, but the book does that.I’d really love it if ALL of you could order Cloudmoney, so here are five reasons why I think you will value it, all beginning with C. Brett Scott’s Five reasons why you’ll love Cloudmoney: Diving beneath the surface of the global financial system, Brett Scott uncovers a long-established lobbying infrastructure waging a covert war on cash, as banking and tech companies promote a cashless society under the banner of progress.įrom marketing strategies against cash, to the weaponization of Covid-19 to advance fintech platforms, and the cryptocurrency rebels and fringe groups pushing back, Cloudmoney takes us to the frontlines of a war for our wallets that is also about our freedom. Who benefits from a cashless society and who gets left behind? Is the end of cash the end of true privacy? And is a cashless future closer than we think?Ĭloudmoney tells a revelatory story about the fusion of big finance and tech, which requires physical cash to be replaced by digital money or ‘cloudmoney’. MoneyLab #5: Matters of Currency Buffaloīlog: Just Out: Cloud Money by Brett ScottĬloud Money: Cash, Cards, Crypto and the War for our Wallets by Brett Scottįor more info, visit Brett Scott’s Substack page.MoneyLab #9: Playgrounds for Post-Capitalism.Ultimately, this means that choosing your storage provider carefully can significantly minimize this relevant cost block by setting up a private cloud and thus easily undercut the costs of SaaS providers. As a result, one may simply add additional storage requirements with low-cost data carriers, which greatly increase the scalability and, therefore, results in significantly lower costs compared to conventional storage systems of publically managed services.Īccording to IT Brand Pulse, SDS systems are already available for a third of the price of hyper-convergent devices.
Simply put, by using Software-Defined Storage, the storage of data is totally separated from the physical hardware. The benefits are a more efficient use of memory, better scalability and complete separation between memory hardware and the control level.
The cloud money software#
Software-Defined Storage (SDS) describes the possibility of centrally managing and controlling data storage in a company with a software solution. The calculated costs include the fees for support by the provider, as well as hardware costs. The comparison of prices is based on the study ’TCO Case Study – Backing Up Mountains of Data to Disk‘, published by the market research institute, IT Brand Pulse.
The choice of storage provider is decisive for the calculation of the total costs.
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