Nest engineer says company on deathwatch

If this happens to Nest or any other company like them, we will discover that anything dependent on the cloud is destined someday -- probably sooner than we expect -- to become a brick.

The sooner we learn this lesson the better.

IMHO cloud dependency is a trait of "IoT 1.0," and will ultimately fail. "IoT 2.0" will be directly accessible and controllable with open APIs and that's when IoT will really succeed in a big way.