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"I see three possible outcomes, in decreasing order of likelihood: status quo, where they just "fix" the bugs as they hit the news; some sort of massive push towards real computer security, in this and other industries; or a massive reduction in features to avoid the flaws."

Only one of those three is the correct answer, and it is the third one.

Your car does not need a wireless network - since you have a newer, nicer one in your pocket every 18 months.

Neither does your refrigerator nor your smoke detector.

These are self-inflicted problems and they're easy to solve - just remove the gratuitous complexity.




If they're easy to solve, why hasn't that been done already?


Because the solution precludes the emergence of the multimillion dollar market called "The Internet of Things".




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