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The most compelling near term applications (NITP etc) use fragmented DNA, and long reads will have no benefit here.
So, yes. Long reads are useful, but you need to have at least reasonable performance in other respects. The same thing has been seen with PacBio, who have not played well in the market, despite having a read length advantage.
I think they’d need to sell >10,000 units a month. That is if they are making any kind of profit. Unfortunately I don’t think there’s a market for anything like that number of flow cells.
Illumina (see recent IP battle with Oxford Nanopore) also have key IP in this space (for mspA).
Illumina doesn’t beat nanopore because of the “scale” it beats it because the technology produces fundamentally higher accuracy data. The error rate on Nanopore reads is >10%. Even on first generation Illumina machines the error rate was 1%, and is now significantly lower.
Oxford Nanopore have been working on this for 15 years, this is the best they can do. It might be possible to create a Nanopore (maybe solid state, not protein) system with a lower error rate, but I think they have little hope of doing it.
There is, likely value in long reads, but what non-niche research applications are there for highly error’d reads that justify a valuation of several billion dollars?
The read lengths might be long, but the error rate is a couple of orders of magnitude higher. I can’t see a market large enough for highly error’d log reads to support their valuation.
The error rate is stupidly high (somewhere between 10 and 20%) compared to Illumina or Ion Torrent who give error rates far less than 1%.
It can give very long reads, which are useful in some niche applications. But it’s been massively over-hyped (and over capitalized).
The neat thing is that it’s very small. But that isn’t really compelling given the very low accuracy.
We keep people working by making it had to survive otherwise (high rents that don’t represent the maintainence/construction costs etc).
I’d guess voice assistance could be useful in other situations too. But for me the error rate still seems too high, and there are limited applications.
What I’m saying is the barrier to having “personal autonomy” in a society where providing the essentials of life has to a high degree already been automated, is too high.
While these Red Ocean ideas may not result in creating multibillion dollar companies they do offer opportunity that can lead to riches and personal autonomy.
It’s sad that we live in a world where the goal of personal autonomy is so lofty. We have an over abundance of resources in the West. And yet having the freedom to work on useful things under our own direction is rare. It’s a shame that having “autonomy” is such a difficult goal to obtain.
Part of the reason is that people sometimes forget their passwords and that would lock them out of their backups. So they want to allow email/other methods of resetting the password and giving access to data.
But it would be nice to have it as an option. It’s worrying though that even technical people seem to believe it is end-to-end encrypted. When it very obviously isn’t.
They don’t claim to, but the same misinformation gets spread every time this topic comes up on HN. If you want end-to-end encrypted cloud based backups of photos and other data on iOS you presently need to use a third party app.
It’s pretty obvious really, they need to know the key for encrypted at rest data in order to be able to reset your password if you desire. They absolutely do don’t currently offset end-to-end encryption on the majority of data in iCloud backups.
“When files are created in Data Protection classes that aren’t accessible when the device is locked”
So not photos, most data.
iCloud Keychain Payment information Wi-Fi network information Home data Siri information
So everything else, pictures, notes etc. etc. part of the iCloud backup, are not. Please not spread misinformation about this.
https://support.apple.com/en-us/HT202303
In particular a limited subset of data uses end-to-end encryption, none of which is super interesting:
These features and their data are transmitted and stored in iCloud using end-to-end encryption: iCloud Keychain (Includes all of your saved accounts and passwords) Payment information Wi-Fi network information Home data Siri information
Correlation != causation. Which is why you need to do randomized testing and try and account for other causative factors. But if you give a bunch of people a medication and they stop dying, you can pretty much say this is valuable and start giving it to people.