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Flatten the Curve. #49. Let's Dig into Jade Helm. AI. The Surveillance State. Internet of Things. FISA. Pentagon Preparing for Mass Civil Breakdown. What is Mob Excess Deterrent Using Silent Audio? Stay Aware and Get Ahead of the Curve.
Flatten the Curve. Part 48. Source Here It's getting crazier day by day now, so are you following the Boy Scout motto? On this topic, Baden-Powell says: Remember your motto, "Be Prepared." Be prepared for accidents by learning beforehand what you ought to do in the different kinds that are likely to occur. Be prepared to do that thing the moment the accident does occur. In Scouting for Boys, Baden-Powell wrote that to Be Prepared means “you are always in a state of readiness in mind and body to do your duty.” Why should you be prepared? Because TPTB have been preparing, that’s why.
June 12, 2014: The Guardian • Pentagon preparing for mass civil breakdown. Social science is being militarised to develop 'operational tools' to target peaceful activists and protest movements Source Here
Pentagon preparing for mass civil breakdown. It seemed ludicrous back in 2014, didn't it? Inconceivable. Sure some preppers believed it, but they're always getting ready and nothing happened. Doomsday was always right around the corner, and then the next corner, and on and on. Televangelists have probably accused more politicians of being the antichrist than the number of politicians went to Epstein's Island. But why would they be preparing for mass civil breakdown? Could it be the same reason as why the miltary is preparing for war, droughts and famines brought about by environmental collapse?
February 20, 2020: History Network • Here’s Why These Six Ancient Civilizations Mysteriously Collapsed. From the Maya to Greenland’s Vikings, check out six civilizations that seemingly disappeared without a trace. Source Here
All of these civilizations vanished because of some combination of exhausting their natural resources, drought, plauge, and the little ice age. Sound familiar? Don't tell me that the Rockefeller Foundation and BlackRock became environmentally aware out of a sense of obligation to the planet. They're setting the groundwork for what's coming down the pipe. This isn't about money anymore, this is about control and survival. Throw out the rulebook because the rules no longer apply. Do you think the surveillance system is for your protection, or the protection of the state? Don't you think that an era of upcoming calamities will severely damage the communication networks, and thus the surveillance system? It might be prudent to consider that Starlink is being established to make the system redundant, so that they never lose track of the precious worker bees before they can be connected to the AI hive mind, right Elon? Neuralink, don't leave home without it. But let's not forget about the wonderful world of the Internet of Things.
March 15, 2012 • More and more personal and household devices are connecting to the internet, from your television to your car navigation systems to your light switches. CIA Director David Petraeus cannot wait to spy on you through them. Earlier this month, Petraeus mused about the emergence of an "Internet of Things" -- that is, wired devices -- at a summit for In-Q-Tel, the CIA's venture capital firm. "'Transformational' is an overused word, but I do believe it properly applies to these technologies," Petraeus enthused, "particularly to their effect on clandestine tradecraft." All those new online devices are a treasure trove of data if you're a "person of interest" to the spy community. Once upon a time, spies had to place a bug in your chandelier to hear your conversation. With the rise of the "smart home," you'd be sending tagged, geolocated data that a spy agency can intercept in real time when you use the lighting app on your phone to adjust your living room's ambiance. "Items of interest will be located, identified, monitored, and remotely controlled through technologies such as radio-frequency identification, sensor networks, tiny embedded servers, and energy harvesters -- all connected to the next-generation internet using abundant, low-cost, and high-power computing," Petraeus said, "the latter now going to cloud computing, in many areas greater and greater supercomputing, and, ultimately, heading to quantum computing." Petraeus allowed that these household spy devices "change our notions of secrecy" and prompt a rethink of "our notions of identity and secrecy." All of which is true -- if convenient for a CIA director. The CIA has a lot of legal restrictions against spying on American citizens. But collecting ambient geolocation data from devices is a grayer area, especially after the 2008 carve-outs to the Foreign Intelligence Surveillance Act. Hardware manufacturers, it turns out, store a trove of geolocation data; and some legislators have grown alarmed at how easy it is for the government to track you through your phone or PlayStation. That's not the only data exploit intriguing Petraeus. He's interested in creating new online identities for his undercover spies -- and sweeping away the "digital footprints" of agents who suddenly need to vanish. "Proud parents document the arrival and growth of their future CIA officer in all forms of social media that the world can access for decades to come," Petraeus observed. "Moreover, we have to figure out how to create the digital footprint for new identities for some officers." Source Here December 19, 2019: New York Times • THE DATA REVIEWED BY TIMES OPINION didn’t come from a telecom or giant tech company, nor did it come from a governmental surveillance operation. It originated from a location data company, one of dozens quietly collecting precise movements using software slipped onto mobile phone apps. You’ve probably never heard of most of the companies — and yet to anyone who has access to this data, your life is an open book. They can see the places you go every moment of the day, whom you meet with or spend the night with, where you pray, whether you visit a methadone clinic, a psychiatrist’s office or a massage parlor. The Times and other news organizations have reported on smartphone tracking in the past. But never with a data set so large. Even still, this file represents just a small slice of what’s collected and sold every day by the location tracking industry — surveillance so omnipresent in our digital lives that it now seems impossible for anyone to avoid. It doesn’t take much imagination to conjure the powers such always-on surveillance can provide an authoritarian regime like China’s. Within America’s own representative democracy, citizens would surely rise up in outrage if the government attempted to mandate that every person above the age of 12 carry a tracking device that revealed their location 24 hours a day. Yet, in the decade since Apple’s App Store was created, Americans have, app by app, consented to just such a system run by private companies. Now, as the decade ends, tens of millions of Americans, including many children, find themselves carrying spies in their pockets during the day and leaving them beside their beds at night — even though the corporations that control their data are far less accountable than the government would be. Source Here
The IoT should be renamed to IoTT (Internet of Tracking Things), shouldn't it. But we can't have people figure out what's really happening, can we? It's a good thing that quantum computing isn't too close, isn’t it?
April 5, 2018: Global News • (Project Maven) Over 3,000 Google employees have a signed a petition in protest against the company’s involvement with a U.S. Department of Defense artificial intelligence (AI) project that studies imagery and could eventually be used to improve drone strikes in the battlefield. Source Here
December 12, 2019 • Palantir took over Project Maven defense contract after Google backed out. Source Here
December 29, 2020: Input • Palantir exec says its work is on par with the Manhattan Project. Comparing AI to most lethal weapon in human history isn’t comforting. SourceHere
August 14, 2020: Venture: • Google researchers use quantum computing to help improve image classification. Source Here
Hmmm. Maybe Apple will be for the little guy? They have always valued privacy rights, right?
October 2, 2013: Vice News • The hacktivist group Anonymous released a video statement with an accompanying Pastebin document claiming that there are definitive links between AuthenTec, the company that developed the iPhone 5S’s fingerprint scanner, and the US government. Source Here
An apple a day helps the NSA. Or Google. Or Microsoft. Or Amazon. Take your pick from the basket, because dem Apple's are all the same. But at least we have fundamental rights, right? Foreign agent declaration not required • No mention of foreign agent status is made in the Protect America Act of 2007. Under prior FISA rules, persons targeted for surveillance must have been declared as foreign agents before a FISA warrant would be accorded by the FISC court. 'Quasi-anti-terrorism law' for all-forms of intelligence collection • Vastly marketed by U.S. federal and military agencies as a law to prevent terror attacks, the Protect America Act was actually a law focused on the 'acquisition' of desired intelligence information, of unspecified nature. The sole requirement is geolocation outside the United States at time of Directive invocation; pursuant to Authorization or Order invocation, surveillance Directives can be undertaken towards persons targeted for intelligence information gathering. Implementation of Directives can take place inside the United States or outside the United States. No criminal or terrorism investigation of the person need be in play at time of the Directive. All that need be required is that the target be related to an official desire for intelligence information gathering for actions on part of persons involved in surveillance to be granted full immunity from U.S. criminal or civil procedures, under Section 105B(l) of the Act. Removal of FISA Strictures from warrant authorization; warrants not required • But the most striking aspect of the Protect America Act was the notation that any information gathering did not comprise electronic surveillance. This wording had the effect of removing FISA-related strictures from Protect America Act 2007-related Directives, serving to remove a number of protections for persons targeted, and requirements for persons working for U.S. intelligence agencies. The acquisition does not constitute electronic surveillance • The removal of the term electronic surveillance from any Protect America Act Directive implied that the FISC court approval was no longer required, as FISA warrants were no longer required. In the place of a warrant was a certification, made by U.S. intelligence officers, which was copied to the Court. In effect, the FISC became less of a court than a registry of pre-approved certifications.Certifications (in place of FISA warrants) were able to be levied ex post facto, in writing to the Court no more than 72 hours after it was made. The Attorney General was to transmit as soon as possible to the Court a sealed copy of the certification that would remain sealed unless the certification was needed to determine the legality of the acquisition.Source Here Oh. FISA is basically a rubber stamp. And even if it the stage play wasn't pretending to follow the script, would it matter? Who could actually stop it at this point? The cat's out of the bag and Pandoras Box is open.
Controversial debates arose as the Protect America Act was published. Constitutional lawyers and civil liberties experts expressed concerns that this Act authorized massive, wide-ranging information gathering with no oversight. Whereas it placed much focus on communications, the Act allowed for information gathering of all shapes and forms. The ACLU called it the "Police America Act" – "authorized a massive surveillance dragnet", calling the blank-check oversight provisions "meaningless," and calling them a "phony court review of secret procedures."
So the surveillance state doesn't have checks and balances anymore. The state is preparing for Massive Civil Breakdown. They keep warning us about environmental collapse. Got it? Good. Let's keep on keeping on.
The District of Columbia Organic Act of 1871 created a single new district corporation governing the entire federal territory, called the District of Columbia, thus dissolving the three major political subdivisions of the District (Port of Georgetown, the City of Washington, and Washington County) and their governments. Source Here)
The first big leap in corporate personhood from holding mere property and contract rights to possessing more expansive rights was a claim that the Equal Protection Clause applied to corporations. One of the strangest twists in American constitutional law was the moment that corporations gained personhood under the Equal Protection Clause of the Fourteenth Amendment. It occurred in a case called Santa Clara County, and what was odd was that the Supreme Court did not really even decide the matter in the actual opinion. It only appeared in a footnote to the case. What we are likely to have at the conclusion of the Supreme Court term is corporations that are empowered to spend in American elections because of Bellotti and Citizens United; corporations that can make religious objections thanks to Hobby Lobby; and if Jesner turns out as badly as I predict, corporations will be able to aid and abet human rights violations abroad with impunity. Source Here
"Having a corporation would allow people to put property into a collective ownership that could be held with perpetual existence," she says. "So it wouldn't be tied to any one person's lifespan, or subject necessarily to laws regarding inheriting property." Later on, in the United States and elsewhere, the advantages of incorporation were essential to efficient and secure economic development. Unlike partnerships, the corporation continued to exist even if a partner died; there was no unanimity required to do something; shareholders could not be sued individually, only the corporation as a whole, so investors only risked as much as they put into buying shares. Source Here
The way that the Arab Bank may get away with this alleged morally troubling behavior, even though it has a New York branch, is by reasserting the basic argument that was made in Nestle USA and Kiobel II: that the federal Alien Tort Statute was not intended to apply to corporations full stop. Given other cases in this area like Mohamad v. PLO, which held the word “individual” in the Torture Victim Protection Act means a natural person and does not impose any liability against organizations, the Arab Bank’s procorporate argument may well prevail. There are multiple federal Circuit Courts which have shot down the argument that corporations are immune from suit under the Alien Tort Statute. The lone outlier is the Second Circuit, which decided in 2010 that corporations are excused from suit in Kiobel I. This is the case that was appealed to the Supreme Court and became Kiobel II. Jesner v. Arab Bank was litigated in the Second Circuit. One question in Jesner was what exactly did Kiobel II do to Kiobel I. So far in the litigation, Jesner concluded that Kiobel I and its conclusion that corporations can’t be sued in federal court using the Alien Tort Statute remained the controlling law of the Second Circuit.
There's a reason people call lawyers snakes, it's because most of them speak with forked tounges. So the corporation isn't being held liable, but the shareholders can't be held liable either. That's too insane to even be called a Catch 22. We are literally being set up to have no recourse because there isn’t anybody who can be held responsible. Why is that important when I've been talking about the surveillance state?
July 14, 2020: The Intercept • Microsoft’s police surveillance services are often opaque because the company sells little in the way of its own policing products. It instead offers an array of “general purpose” Azure cloud services, such as machine learning and predictive analytics tools like Power BI (business intelligence) and Cognitive Services, which can be used by law enforcement agencies and surveillance vendors to build their own software or solutions. A rich array of Microsoft’s cloud-based offerings is on full display with a concept called “The Connected Officer.” Microsoft situates this concept as part of the Internet of Things, or IoT, in which gadgets are connected to online servers and thus made more useful. “The Connected Officer,” Microsoft has written, will “bring IoT to policing.” With the Internet of Things, physical objects are assigned unique identifiers and transfer data over networks in an automated fashion. If a police officer draws a gun from its holster, for example, a notification can be sent over the network to alert other officers there may be danger. Real Time Crime Centers could then locate the officer on a map and monitor the situation from a command and control center. Source Here
Uhm, I guess it's really is all connected, isn’t it?
June 18, 2020: The Guardian • How Target, Google, Bank of America and Microsoft quietly fund police through private donations. More than 25 large corporations in the past three years have contributed funding to private police foundations, new report says. Source Here
Long live the Military Industrial Techno Surveillance State. If you have nothing to hide, than you have nothing to worry about. Really? Are we still believing that line? Cause it's a load of crap. If we have nothing to worry about, then why are they worried enough to be implementing surveillance systems with corresponding units on the ground? Got your attention there, didn't I?
August 19, 2019: Big Think • Though the term "Orwellian" easily applies to such a technology, Michel's illuminating reporting touches something deeper. Numerous American cities have already been surveilled using these god-like cameras, including Gorgon Stare, a camera-enabled drone that can track individuals over a 50-square kilometer radius from 20,000 feet. Here's the real rub: the feature that allows users to pinch and zoom on Instagram is similar to what WAMI allows. Anything within those 50-square kilometers is now under the microscope. If this sounds like some futuristic tech, think again: Derivations of this camera system have been tested in numerous American cities. Say there is a big public protest. With this camera you can follow thousands of protesters back to their homes. Now you have a list of the home addresses of all the people involved in a political movement. If on their way home you witness them committing some crime—breaking a traffic regulation or frequenting a location that is known to be involved in the drug trade—you can use that surveillance data against them to essentially shut them up. That's why we have laws that prevent the use of surveillance technologies because it is human instinct to abuse them. That's why we need controls. Source Here
Want to know more about the Gorgon Stare? Flatten the Curve. Part 12. Source Here Now, I'm not sure if you remember or know any Greek Mythology, but the Gorgons were three sisters, and one sister had Snakes on her head (she wasn't a lawyer) and she turned people to stone when she looked at them.
MEDUSA (Mob Excess Deterrent Using Silent Audio) is a directed-energy non-lethal weapon designed by WaveBand Corporation in 2003-2004 for temporary personnel incapacitation. The weapon is based on the microwave auditory effect resulting in a strong sound sensation in the human head when it is subject to certain kinds of pulsed/modulated microwave radiation. The developers claimed that through the combination of pulse parameters and pulse power, it is possible to raise the auditory sensation to a “discomfort” level, deterring personnel from entering a protected perimeter or, if necessary, temporarily incapacitating particular individuals. In 2005, Sierra Nevada Corporation acquired WaveBand Corporation.
Ok. Get it? The Gorgon eye in the sky stares at you while the Medusa makes you immobile. Not good, but at least it'll just freeze you in your tracks.
July 6, 2008: Gizmodo • The Sierra Nevada Corporation claimed this week that it is ready to begin production on the MEDUSA, a damned scary ray gun that uses the "microwave audio effect" to implant sounds and perhaps even specific messages inside people's heads. Short for Mob Excess Deterrent Using Silent Audio, MEDUSA creates the audio effect with short microwave pulses. The pulses create a shockwave inside the skull that's detected by the ears, and basically makes you think you're going balls-to-the-wall batshit insane. Source Here
Uhm. And drive you insane.
July 26, 2008: Gizmodo • The MEDUSA crowd control ray gun we reported on earlier this month sounded like some pretty amazing-and downright scary-technology. Using the microwave auditory effect, the beam, in theory, would have put sounds and voice-like noises in your head, thereby driving you away from the area. Crowd control via voices in your head. Sounds cool. However, it turns out that the beam would actually kill you before any of that happy stuff started taking place, most likely by frying or cooking your brain inside your skull. Can you imagine if this thing made it out into the field? Awkward! Source Here
Annnnnnnndddddd it'll kill you. Guys, they're prepared. They've been prepared. They're ready. Remember the Doomsday Bunkers? The military moving into Cheyenne Mountain? Deep Underground Military Bunkers? The rapid rolling out of 5G? BITCOIN and UBI so neatly inserted into our minds over the last five years? They've directly told us to have three months of supplies in our homes. 2020 isn't going to be an anomaly? It's the start of the collapse of our natural resources. Take a look on Reddit and all the posts about crazy weather. Cyanobacteria blooms killing dogs and people. Toxic Super Pollution caused by atmospheric inversions killing people. This isn’t normal, this is New Normal. And they know it. They've known it for a while. Let me show you one last thing before I wrap it up.
From the earliest Chinese dynasties to the present, the jade deposits most used were not only those of Khotan in the Western Chinese province of Xinjiang but other parts of China as well, such as Lantian, Shaanxi.
Remember, words matter. Look at Gorgon Stare and Medusa. They don't randomly grab names out of a hat, or pick them because they think it sounds dystopian. They pick words for a reason.
July 7, 2017: The Warzone • There only appears to be one official news story on this exercise at all and it's available on the website of Air Mobility Command’s Eighteenth Air Force, situated at Joint Base Charleston. At the time of writing, a google shows that there were more than a half dozen more copies on other Air Force pages, as well as number of photographs. For some reason, someone appears to have taken these offline or otherwise broken all the links. Using Google to search the Defense Video Imagery Distribution System, which is the main U.S. military's public affairs hub, brings up more broken links. Oh, and unless there's been some sort of mistake, JADE HELM actually stands for the amazingly obtuse Joint Assistance for Deployment Execution Homeland Eradication of Local Militants. A separate web search for this phrase does not turn up any other results. Source Here
Now, using an acronym that indicates training to Eradicate Local Militants seems pretty dumb. It may be used in that manner if environmental collapse triggers riots, but i don't think they would warn everyone ahead of time, do you? So I dug a little bit more. Joint Assistant for Development and Execution (JADE) is a U.S. military system used for planning the deployment of military forces in crisis situations. The U.S. military developed this automated planning software system in order to expedite the creation of the detailed planning needed to deploy military forces for a military operation. JADE uses Artificial Intelligence (AI) technology combining user input, a knowledge base of stored plans, and suggestions by the system to provide the ability to develop large-scale and complex plans in minimal time. JADE is a knowledge-based system that uses highly structured information that takes advantage of data hierarchies. An official 2016 document approved for public release titled Human Systems Roadmap Review describes plans to create autonomous weapon systems that analyze social media and make decisions, including the use of lethal force, with minimal human involvement. This type of system is referred to as a Lethal Autonomous Weapon System (LAWS). The name "JADE" comes from the jade green color seen on the island of Oahu in Hawaii where the U.S. Pacific Command (PACOM) is headquartered. PACOM? Why isn't that command group responsible for the South China Sea? Formerly known as United States Pacific Command (USPACOM) since its inception, the command was renamed to U.S. Indo-Pacific Command on 30 May 2018, in recognition of the greater emphasis on South Asia, especially India. Now doesn't it look like Jade Helm is preparing for an invasion? And possibly insurrection later. Or at the same time? Or riots over WW3? Or food riots? And start thinking about why the laws are starting to exclude corporations? Then think about the mercenaries that are being contracted out by the government.
October 17, 2018: The Carolinan • In 2016, 75 percent of American forces were private contractors. In 2017, Erik Prince, former head of Blackwater, and Stephen Feinberg, head of Dyncorp, discussed plans for contractors completely taking over U.S. operations in Afghanistan. Although ultimately unsuccessful, it remains to be seen if the current administration will change its mind. Contractors are involved in almost every military task, such as intelligence analysis, logistics and training allied soldiers. Contractors are even involved in U.S. special ops missions. This is because contractors are essentially untraceable and unaccountable. Most are born in other countries; only 33 percent are registered U.S. citizens. Private military firms don’t have to report their actions to Congress, unlike the military or intelligence agencies. They also aren’t subject to the Freedom of Information Act, so private citizens and journalists aren’t allowed to access their internal documents. There are also no international laws to regulate private military firms. It’s been proven that many contractors are involved in illegal activities. The larger multinational companies sometimes hire local subcontractors. These contractors sometimes aren’t background-checked. A 2010 investigation by the Senate found that many subcontractors were linked to murders, kidnappings, bribery and anti-coalition activities. Some subcontractors even formed their own unlicensed mercenary groups after coalition forces leave. A 2010 House investigation showed evidence that the Department of Defense had hired local warlords for security services. In 2007, Blackwater contractors massacred 17 civilians. This eventually led Blackwater to being restructured and renamed as Academi. Source Here
Military Exercises. Private Defense Firms. No oversight. And it's all coming soon. Read more at Flatten the Curve. Part 20. Upcoming war and catastrophes. Source Here Nah. I'm just fear mongering and Doomscrolling again. Heads up and eyes open. Talk soon.
Imagine if there was one desk that all stories could cross so that, at 4am, a media plan could be decided upon and disseminated where all news outlets coordinated to set the goalposts of debate and hyper focused on specific issues to drive a narrative to control how you vote and how you spend money; where Internet shills were given marching orders in tandem to what was shown on television, printed in newspapers and spread throughout articles on the World Wide Web. https://i.imgur.com/Elnci0M.png In the past, we had Operation Mockingbird, where the program was supremely confident that it could control stories around the world, even in instructions to cover up any story about a possible “Yeti” sighting, should it turn out they were real. https://i.imgur.com/121LXqy.png If, in 1959, the government was confident in its ability to control a story about a Yeti, then what is their level of confidence in controlling stories, today? https://i.imgur.com/jQFVYew.png https://i.imgur.com/ZKMYGJj.png In fact, we have a recent example of a situation similar to the Yeti. When Bill Clinton and Loretta Lynch met on the TARMAC to spike the Hillary email investigation, the FBI was so confident it wasn’t them, that their entire focus was finding the leaker, starting with searching within the local PD. We have documentation that demonstrates the state of mind of the confidence the upper levels of the FBI have when dealing with the media. https://i.imgur.com/IbjDOkI.png https://i.imgur.com/NH86ozU.png The marriage between mainstream media and government is a literal one and this arrangement is perfectly legal. https://i.imgur.com/OAd4vpf.png But, this problem extends far beyond politics; the private sector, the scientific community, even advice forums are shilled heavily. People are paid to cause anxiety, recommend people break up and otherwise sow depression and nervousness. This is due to a correlating force that employs “systems psychodynamics”, focusing on “tension centered” strategies to create “organizational paradoxes” by targeting people’s basic assumptions about the world around them to create division and provide distraction. https://i.imgur.com/6OEWYFN.png https://i.imgur.com/iG4sdD4.png https://i.imgur.com/e89Rx6B.png https://i.imgur.com/uotm9Cg.png https://i.imgur.com/74wt9tD.png In this day and age, it is even easier to manage these concepts and push a controlled narrative from a central figure than it has ever been. Allen & Co is a “boutique investment firm” that managed the merger between Disney and Fox and operates as an overseeing force for nearly all media and Internet shill armies, while having it’s fingers in sports, social media, video games, health insurance, etc. https://i.imgur.com/zlpBh3c.png https://i.imgur.com/e5ZvFFJ.png Former director of the CIA and Paul Brennan’s former superior George Tenet, holds the reigns of Allen & Co. The cast of characters involves a lot of the usual suspects. https://i.imgur.com/3OlrX7G.png
In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, it netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coca-Cola's board of directors. Since its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, and Donald Keough. Allen & Co. was one of ten underwriters for the Google initial public offering in 2004. In 2007, Allen was sole advisor to Activision in its $18 billion merger with Vivendi Games. In 2011, the New York Mets hired Allen & Co. to sell a minority stake of the team. That deal later fell apart. In November 2013, Allen & Co. was one of seven underwriters on the initial public offering of Twitter. Allen & Co. was the adviser of Facebook in its $19 billion acquisition of WhatsApp in February 2014. In 2015, Allen & Co. was the advisor to Time Warner in its $80 billion 2015 merger with Charter Communications, AOL in its acquisition by Verizon, Centene Corporation in its $6.8 billion acquisition of Health Net, and eBay in its separation from PayPal. In 2016, Allen & Co was the lead advisor to Time Warner in its $108 billion acquisition by AT&T, LinkedIn for its merger talks with Microsoft, Walmart in its $3.3 billion purchase of Jet.com, and Verizon in its $4.8 billion acquisition of Yahoo!. In 2017, Allen & Co. was the advisor to Chewy.com in PetSmart’s $3.35 billion purchase of the online retailer.
Previous conference guests have included Bill and Melinda Gates, Warren and Susan Buffett, Tony Blair, Google founders Larry Page and Sergey Brin, Allen alumnus and former Philippine Senator Mar Roxas, Google Chairman Eric Schmidt, Quicken Loans Founder & Chairman Dan Gilbert, Yahoo! co-founder Jerry Yang, financier George Soros, Facebook founder Mark Zuckerberg, Media Mogul Rupert Murdoch, eBay CEO Meg Whitman, BET founder Robert Johnson, Time Warner Chairman Richard Parsons, Nike founder and chairman Phil Knight, Dell founder and CEO Michael Dell, NBA player LeBron James, Professor and Entrepreneur Sebastian Thrun, Governor Chris Christie, entertainer Dan Chandler, Katharine Graham of The Washington Post, Diane Sawyer, InterActiveCorp Chairman Barry Diller, Linkedin co-founder Reid Hoffman, entrepreneur Wences Casares, EXOR and FCA Chairman John Elkann, Sandro Salsano from Salsano Group, and Washington Post CEO Donald E. Graham, Ivanka Trump and Jared Kushner, and Oprah Winfrey.
https://i.imgur.com/VZ0OtFa.png George Tenet, with the reigns of Allen & Co in his hands, is able to single-handedly steer the entire Mockingbird apparatus from cable television to video games to Internet shills from a singular location determining the spectrum of allowable debate. Not only are they able to target people’s conscious psychology, they can target people’s endocrine systems with food and pornography; where people are unaware, on a conscious level, of how their moods and behavior are being manipulated. https://i.imgur.com/mA3MzTB.png
"The problem with George Tenet is that he doesn't seem to care to get his facts straight. He is not meticulous. He is willing to make up stories that suit his purposes and to suppress information that does not." "Sadly but fittingly, 'At the Center of the Storm' is likely to remind us that sometimes what lies at the center of a storm is a deafening silence."
https://i.imgur.com/YHMJnnP.png Tenet joined President-elect Bill Clinton's national security transition team in November 1992. Clinton appointed Tenet Senior Director for Intelligence Programs at the National Security Council, where he served from 1993 to 1995. Tenet was appointed Deputy Director of Central Intelligence in July 1995. Tenet held the position as the DCI from July 1997 to July 2004. Citing "personal reasons," Tenet submitted his resignation to President Bush on June 3, 2004. Tenet said his resignation "was a personal decision and had only one basis—in fact, the well-being of my wonderful family—nothing more and nothing less. In February 2008, he became a managing director at investment bank Allen & Company. https://i.imgur.com/JnGHqOS.png We have the documentation that demonstrates what these people could possibly be doing with all of these tools of manipulation at their fingertips. The term for it is “covert political action” for which all media put before your eyes is used to serve as a veneer… a reality TV show facade of a darker modus operandum. https://i.imgur.com/vZC4D29.png https://www.cia.gov/library/center-for-the-study-of-intelligence/kent-csi/vol36no3/html/v36i3a05p_0001.htm
It is now clear that we are facing an implacable enemy whose avowed objective is world domination by whatever means and at whatever costs. There are no rules in such a game. Hitherto acceptable norms of human conduct do not apply. If the US is to survive, longstanding American concepts of "fair play" must be reconsidered. We must develop effective espionage and counterespionage services and must learn to subvert, sabotage and destroy our enemies by more clever, more sophisticated means than those used against us. It may become necessary that the American people be made acquainted with, understand and support this fundamentally repugnant philosophy.
Intelligence historian Jeffrey T. Richelson says the S.A. has covered a variety of missions. The group, which recently was reorganized, has had about 200 officers, divided among several groups: the Special Operations Group; the Foreign Training Group, which trains foreign police and intelligence officers; the Propaganda and Political Action Group, which handles disinformation; the Computer Operations Group, which handles information warfare; and the Proprietary Management Staff, which manages whatever companies the CIA sets up as covers for the S.A.
…Those operations we inaugurated in the years 1955-7 are still secret, but, for present purposes, I can say all that’s worth saying about them in a few sentences – after, that is, I offer these few words of wisdom. The ‘perfect’ political action operation is, by definition, uneventful. Nothing ‘happens’ in it. It is a continuing arrangement, neither a process nor a series of actions proceeding at a starting point and ending with a conclusion.
CIA FBI NSA Personnel Active in Scientology: https://i.imgur.com/acu2Eti.png When you consider the number of forces that can be contained within a single “political action group” in the form on a “boutique investment firm,” where all sides of political arguments are predetermined by a selected group of actors who have been planted, compromised or leveraged in some way in order to control the way they spin their message. https://i.imgur.com/tU4MD4S.png The evidence of this coordinated effort is overwhelming and the “consensus” that you see on TV, in sports, in Hollywood, in the news and on the Internet is fabricated.
Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most likely develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.'
When you find yourself feeling like common sense and common courtesy aren’t as common as they ought to be, it is because there is a massive psychological operation controlled from the top down to ensure that as many people as possible are caught in a “tension based” mental loop that is inflicted on them by people acting with purpose to achieve goals that are not in the interest of the general population, but a method of operating in secret and corrupt manner without consequences. Notice that Jeffrey Katzenberg, of Disney, who is intertwined with Allen & Co funds the Young Turks. He is the perfect example of the relationship between media and politics.
Katzenberg has also been involved in politics. With his active support of Hillary Clinton and Barack Obama, he was called "one of Hollywood's premier political kingmakers and one of the Democratic Party's top national fundraisers."
Last week, former DreamWorks Animation CEO Jeffrey Katzenberg’s new mobile entertainment company WndrCo was part of a $20 million funding round in TYT Network, which oversees 30 news and commentary shows covering politics, pop culture, sports and more. This includes the flagship “The Young Turks” program that streams live on YouTube every day. Other investors in the round included venture capital firms Greycroft Partners, E.ventures and 3L Capital, which led the round. This brings total funding for Young Turks to $24 million.
Hollywood activism long has been depicted as a club controlled by a handful of powerful white men: Katzenberg, Spielberg, Lear, David Geffen, Haim Saban and Bob Iger are the names most often mentioned. But a new generation of power brokers is ascendant, including J.J. Abrams and his wife, Katie McGrath, cited for their personal donations and bundling skills; Shonda Rhimes, who held a get-out-the-vote rally at USC's Galen Center on Sept. 28 that drew 10,000 people; CAA's Darnell Strom, who has hosted events for Nevada congresswoman Jacky Rosen and Arizona congresswoman Kyrsten Sinema; and former Spotify executive Troy Carter, who held three fundraisers for Maryland gubernatorial candidate Ben Jealous (Carter also was a fundraiser for President Obama).
Viacom, after splitting off from Les Moonves Les Moonves ' CBS , still holds Paramount Pictures, and that movie studio in December agreed to acquire DreamWorks SKG, the creative shop founded by the Hollywood triumvirate of Steven Spielberg, David Geffen and Jeffrey Katzenberg (a former exec at The Walt Disney Co.). DreamWorks Animation had been spun off into a separate company. Now it's time for Freston to make back some money--and who better to do a little business with than George Soros? The billionaire financier leads a consortium of Soros Strategic Partners LP and Dune Entertainment II LLC, which together are buying the DreamWorks library--a collection of 59 flicks, including Saving Private Ryan, Gladiator, and American Beauty.
A few stories about Brian Krebs: The independent cybercrime journalist who exposes criminals on the internet
First, a bit of introduction before we get into the living drama that is Brian Krebs. Brian Krebs has been a journalist for decades, starting in the late 90s. He got his start at The Washington Post, but what he's most famous for are his exposes on criminal businesses and individuals who perpetuate cyber crime worldwide. In 2001, he got his interest in cybercrime piqued when a computer worm locked him out of his own computer. In 2005, he shifted from working as a staff writer at The Washington Post's tech newswire to writing for their security blog, "Security Wire". During his tenure there, he started by focusing on the victims of cybercrime, but later also started to focus on the perpetrators of it as well. His reporting helped lead to the shutdown of McColo, a hosting provider who provided service to some of the world's biggest spammers and hackers. Reports analyzing the shutdown of McColo estimated that global spam volume dropped by between 40 and 70 percent. Further analysis revealed it also played host to child pornography sites, and the Russian Business Network, a major Russian cybercrime ring. In 2009, Krebs left to start his own site, KrebsOnSecurity. Since then, he's been credited with being the first to report on major events such as Stuxnet and when Target was breached, resulting in the leakage of 40 million cards. He also regularly investigates and reveals criminals' identities on his site. The latter has made him the bane of the world of cybercrime, as well as basically a meme, where criminals will include references like Made by Brian Krebs in their code, or name their shops full of stolen credit cards after him. One of his first posts on his new site was a selection of his best work. While not particularly dramatic, they serve as an excellent example of dogged investigative work, and his series reveal the trail of takedowns his work has documented, or even contributed to. And now, a selection of drama involving Krebs. Note, all posts are sarcastically-tinged retellings of the source material which I will link throughout. I also didn't use the real names in my retellings, but they are in the source material. This took way too long to write, and it still does massively condense the events described in the series. Krebs has been involved with feuds with other figures, but I'd argue these tales are the "main" bits of drama that are most suited for here.
Fly on the Wall
By 2013, Krebs was no stranger to cybercriminals taking the fight to the real world. He was swatted previously to the point where the police actually know to give him a ring and see if there'd actually been a murder, or if it was just those wacky hackers at it again. In addition, his identity was basically common knowledge to cybercriminals, who would open lines of credit in his name, or find ways to send him money using stolen credit cards. However, one particular campaign against him caught his eye. A hacker known as "Fly" aka "Flycracker" aka "MUXACC1" posted on a Russian-language fraud forum he administered about a "Krebs fund". His plan was simple. Raise Bitcoin to buy Heroin off of a darknet marketplace, address it to Krebs, and alert his local police via a spoofed phone call. Now, because Krebs is an investigative journalist, he develops undercover presences on cybercrime forums, and it just so happened he'd built up a presence on this one already.
Guys, it became known recently that Brian Krebs is a heroin addict and he desperately needs the smack, so we have started the "Helping Brian Fund", and shortly we will create a bitcoin wallet called "Drugs for Krebs" which we will use to buy him the purest heroin on the Silk Road. My friends, his withdrawal is very bad, let’s join forces to help the guy! We will save Brian from the acute heroin withdrawal and the world will get slightly better!
Fly had first caught Krebs' attention by taunting him on Twitter, sending him Tweets including insults and abuse, and totally-legit looking links. Probably either laced with malware, or designed to get Krebs' IP. He also took to posting personal details such as Krebs' credit report, directions to his house, and pictures of his front door on LiveJournal, of all places. So, after spotting the scheme, he alerted his local police that he'd probably have someone sending him some China White. Sure enough, the ne'er-do-wells managed to raise 2 BTC, which at the time was a cool $200 or so. They created an account on the premiere darknet site at the time, The Silk Road under the foolproof name "briankrebs7". They found one seller who had consistently high reviews, but the deal fell through for unknown reasons. My personal theory is the seller decided to Google where it was going, and realized sending a gram of dope into the waiting arms of local law enforcement probably wasn't the best use of his time. Still, the forum members persevered, and found another seller who was running a buy 10 get 2 free promotion. $165 of Bitcoin later, the drugs were on their way to a new home. The seller apparently informed Fly that the shipment should arrive by Tuesday, a fact which he gleefully shared with the forum. While our intrepid hero had no doubt that the forum members were determined to help him grab the tail of the dragon, he's not one to assume without confirmation, and enlisted the help of a graduate student at UCSD who was researching Bitcoin and anonymity on The Silk Road, and confirmed the address shared by Fly was used to deposit 2 BTC into an account known to be used for money management on the site. By Monday, an envelope from Chicago had arrived, containing a copy of Chicago confidential. Taped inside were tiny baggies filled with the purported heroin. Either dedicated to satisfied customers, or mathematically challenged, the seller had included thirteen baggies instead of the twelve advertised. A police officer arrived to take a report and whisked the baggies away. Now, Fly was upset that Krebs wasn't in handcuffs for drug possession, and decided to follow up his stunt by sending Krebs a floral arrangement shaped like a cross, and an accompanying threatening message addressed to his wife, the dire tone slightly undercut by the fact that it was signed "Velvet Crabs". Krebs' curiosity was already piqued from the shenanigans with the heroin, but with the arrival of the flowers decided to dive deeper into the сука behind things. He began digging into databases from carding sites that had been hacked, but got his first major breakthrough to his identity from a Russian computer forensics firm. Fly had maintained an account on a now-defunct hacking forum, whose database was breached under "Flycracker". It turns out, the email Flycracker had used was also hacked at some point, and a source told Krebs that the email was full of reports from a keylogger Fly had installed on his wife's computer. Now, because presumably his wife wasn't part of, or perhaps even privy to her husband's illicit dealings, her email account happened to be her full legal name, which Krebs was able to trace to her husband. Now, around this time, the site Fly maintained disappeared from the web, and administrators on another major fraud forum started purging his account. This is a step they typically take when they suspect a member has been apprehended by authorities. Nobody knew for sure, but they didn't want to take any chances. More research by Krebs revealed that the criminals' intuition had been correct, and Fly was arrested in Italy, carrying documents under an assumed name. He was sitting in an Italian jail, awaiting potential extradition to the United States, as well as potentially facing charges in Italy. This was relayed to Krebs by a law enforcement official who simply said "The Fly has been swatted". (Presumably while slowly removing a pair of aviator sunglasses) While Fly may have been put away, the story between Krebs and Fly wasn't quite over. He did end up being extradited to the US for prosecution, but while imprisoned in Italy, Fly actually started sending Krebs letters. Understandably distrustful after the whole "heroin" thing, his contacts in federal law enforcement tested the letter, and found it to be clean. Inside, there was a heartfelt and personal letter, apologizing for fucking with Krebs in so many ways. He also forgave Krebs for posting his identity online, leading him to muse that perhaps Fly was working through a twelve-step program. In December, he received another letter, this time a simple postcard with a cheerful message wishing him a Merry Christmas and a Happy New Year. Krebs concluded his post thusly:
Cybercrooks have done some pretty crazy stuff to me in response to my reporting about them. But I don’t normally get this kind of closure. I look forward to meeting with Fly in person one day soon now that he will be just a short train ride away. And he may be here for some time: If convicted on all charges, Fly faces up to 30 years in U.S. federal prison.
Criminals are none too happy when they find their businesses and identities on the front page of KrebsOnSecurity. It usually means law enforcement isn't far behind. One such business was known as vDOS. A DDOS-for-hire (also known as a "booter" or a "stresser") site that found itself hacked, with all their customer records still in their databases leaked. Analysis of the records found that in a four-month time span, the service had been responsible for about 8.81 years worth of attack time, meaning on average at any given second, there were 26 simultaneous attacks running. Interestingly, the hack of vDOS came about from another DDOS-for-hire site, who as it turns out was simply reselling services provided by vDOS. They were far from the only one. vDOS appeared to provide firepower to a large number of different resellers. In addition to the attack logs, support messages were also among the data stolen. This contained some complaints from various clients who complained they were unable to launch attacks against Israeli IPs. This is a common tactic by hackers to try and avoid unwanted attention from authorities in their country of residence. This was confirmed when two men from Israel were arrested for their involvement in owning and running vDOS. However, this was just the beginning for this bit of drama. The two men arrested went by the handles "applej4ck" and "Raziel". They had recently published a paper on DDOS attack methods in an online Israeli security magazine. Interestingly, on the same day the men were arrested, questioned, and released on bail, vDOS went offline. Not because it had been taken down by Israeli authorities, not because they had shut it down themselves, but because a DDOS protection firm, BackConnect Security, had hijacked the IP addresses belonging to the company. To spare a lot of technical detail, it's called a BGP hijack, and it basically works by a company saying "Yeah, those are our addresses." It's kind of amazing how much of the internet is basically just secured by the digital equivalent of pinky swears. You can read some more technical detail on Wikipedia. Anyway, we'll get back to BackConnect. Following the publication of the story uncovering the inner workings of vDOS, KrebsOnSecurity was hit with a record breaking DDOS attack, that peaked at 620/Gbps, nearly double the most powerful DDOS attack previously on record. To put that in perspective, that's enough bandwidth to download 5 simultaneous copies of Interstellar in 4K resolution every single second, and still have room to spare. The attack was so devastating, Akamai, one of the largest providers of DDOS protection in the world had to drop Krebs as a pro bono client. Luckily, Google was willing to step in and place his site under the protection of Google's Project Shield, a free service designed to protect the news sites and journalists from being knocked offline by DDOS attacks. This attack was apparently in retaliation for the vDOS story, since some of the data sent in the attack included the string "freeapplej4ck". The attack was executed by a botnet of Internet of Things (or IoT) devices. These are those "smart" devices like camera systems, routers, DVRs. Basically things that connect to the cloud. An astounding amount of those are secured with default passwords that can be easily looked up from various sites or even the manufacturers' websites. This was the start of a discovery of a massive botnet that had been growing for years. Now time for a couple quick side stories: Dyn, a company who provides DNS to many major companies including Twitter, Reddit, and others came under attack, leaving many sites (including Twitter and Reddit) faltering in the wake of it. Potentially due to one of their engineers' collaboration with Krebs on another story. It turned out that the same botnet that attacked Krebs' site was at least part of the attack on Dyn And back to BackConnect, that DDOS protection firm that hijacked the IP addresses from vDOS. Well it turns out BGP Hijacks are old hat for the company. They had done it at least 17 times before. Including at least once (purportedly with permission) for the address 220.127.116.11. Aka, "leet". It turns out one of the co-founders of BackConnect actually posted screenshots of him visiting sites that tell you your public IP address in a DDOS mitigation industry chat, showing it as 18.104.22.168. They also used a BGP Hijack against a hosting company and tried to frame a rival DDOS mitigation provider. Finally, another provider, Datawagon was interestingly implicated in hosting DDOS-for-hire sites while offering DDOS protection. In a Skype conversation where the founder of Datawagon wanted to talk about that time he registered dominos.pizza and got sued for it, he brings up scanning the internet for vulnerable routers completely unprompted. Following the publication of the story about BackConnect, in which he was included in, he was incensed about his portrayal, and argued with Krebs over Skype before Krebs ultimately ended up blocking him. He was subsequently flooded with fake contact requests from bogus or hacked Skype accounts. Shortly thereafter, the record-breaking DDOS attack rained down upon his site. Back to the main tale! So, it turns out the botnet of IoT devices was puppeteered by a malware called Mirai. How did it get its name? Well, that's the name its creator gave it, after an anime called Mirai Nikki. How did this name come to light? The creator posted the source code online. (The name part, not the origin. The origin didn't come 'til later.) The post purported that they'd picked it up from somewhere in their travels as a DDOS industry professional. It turns out this is a semi-common tactic when miscreants fear that law enforcement might come looking for them, and having the only copy of the source code of a malware in existence is a pretty strong indicator that you have something to do with it. So, releasing the source to the world gives a veneer of plausible deniability should that eventuality come to pass. So who was this mysterious benefactor of malware source? They went by the name "Anna-senpai". As research on the Mirai botnet grew, and more malware authors incorporated parts of Mirai's source code into their own attacks, attention on the botnet increased, and on the people behind it. The attention was presumably the reason why Hackforums, the forum where the source code was posted, later disallowed ostensible "Server Stress Tester" services from being sold on it. By December, "Operation Tarpit" had wrought 34 arrests and over a hundred "knock and talk" interviews questioning people about their involvement. By January, things started to come crashing down. Krebs published an extensive exposé on Anna-senpai detailing all the evidence linking them to the creation of Mirai. The post was so big, he included a damn glossary. What sparked the largest botnet the internet had ever seen? Minecraft. Minecraft servers are big business. A popular one can earn tens of thousands of dollars per month from people buying powers, building space, or other things. It's also a fiercely competitive business, with hundreds of servers vying for players. It turns out that things may have started, as with another set of companies, two rival DDOS mitigation providers competing for customers. ProTraf was a provider of such mitigation technology, and a company whose owner later worked for ProTraf had on at least one occasion hijacked addresses belonging to another company, ProxyPipe. ProxyPipe had also been hit with DDOS attacks they suspected to be launched by ProTraf. While looking into the President of ProTraf, Krebs realized he'd seen the relatively uncommon combination of programming languages and skills posted by the President somewhere else. They were shared by Anna-senpai on Hackforums. As Krebs dug deeper and deeper into Anna-senpai's online presence, he uncovered other usernames, including one he traced to some Minecraft forums where a photoshopped picture of a still from Pulp Fiction contained the faces of BackConnect, which was a rival to ProTraf's DDOS mitigation business, and another face. A hacker by the name of Vyp0r, who another employee of ProTraf claimed betrayed his trust and blackmailed him into posting the source of another piece of malware called Bashlite. There was also a third character photoshopped into the image. An anime character named "Yamada" from a movie called B Gata H Hei. Interestingly, under the same username, Krebs found a "MyAnimeList" profile which, out of 9 titles it had marked as watched, were B Gata H Hei, as well as Mirai Nikki, the show from which Mirai derived its name. It continues on with other evidence, including DDOS attacks against Rutgers University, but in short, there was little doubt in the identity of "Anna-senpai", but the person behind the identity did contact Krebs to comment. He denied any involvement in Mirai or DDOS attacks.
"I don’t think there are enough facts to definitively point the finger at me," [Anna-senpai] said. "Besides this article, I was pretty much a nobody. No history of doing this kind of stuff, nothing that points to any kind of sociopathic behavior. Which is what the author is, a sociopath."
I don't have the time or energy to write another effortpost, and as is I'm over 20,000 characters, so here's a few other tidbits of Krebs' clashes with miscreants.
A source and security researcher he was talking to started blabbing about him working with Krebs, and also was selling data to hackers on the side. His example data in his sales post was fucking Brian Krebs'.
In quieter times, the majority of Bitcoin-related news seems to be confined to the usual niche blogs and news outlets (like CoinDesk, Bitcoin Magazine, and The Merkle). However, the recent price explosion was bound to push the topic of Bitcoin into the wider realm sooner rather than later, and we saw the first inklings of this earlier this week with coverage from Bloomberg, the Wall Street Journal, and CNBC. This trend is continuing, with coverage continuing to pick up today: TechCrunch: Bitcoin is being Bitcoin and spiking 30% this week and 200% this year Barron's: Winning Portfolio In 2016 — Gold, Treasuries and… Bitcoin City A.M.: Latest surge pushes bitcoin price above $750 barrier Reuters: Virtual safe haven? Bitcoin surges to highest in more than two years Refreshingly (yet predictably), the coverage now has nary a mention of Bitcoin's untimely death, its governance issues, or its use for nefarious purposes. Instead, reporters are now praising it as a safe haven from broader market uncertainty and the best-performing currency of 2015, while also detailing the upcoming halving event and progress on scaling and codebase issues. Though a few still parrot the tired meme of "blockchain over bitcoin," thankfully that is now becoming less prevalent. It will be interesting to see what happens to the markets over the next few weeks as halving mania reaches a fever pitch and the news media gets further saturated with Bitcoin coverage. While I don't think we'll see many front page stories unless and until Bitcoin breaks the ATH (All-Time High), the existing and upcoming coverage almost certainly will bring additional awareness and interest from those on the fringes of and completely outside of the Bitcoin space. While a tsunami of new demand is unlikely, we'll likely see multiple waves of new money come into the space as those entirely new to Bitcoin (as well as the 'I thought it was dead!' crowd) begin to throw a few bucks into Coinbase, Circle, GBTC / the ETN, and other established and user-friendly on-ramps. However, this effect will be staggered and delayed by the friction of buying in for the first time: both mental ('what is it?'...'why do I want it?'...'how do I buy it?') and financial ('please wait X days for AML / KYC on-boarding and your ACH / SEPA / wire transfer to go through'). Luckily, these days the former factor is the biggest hurdle to overcome; onramps have grown and matured over the last few years, and buying Bitcoin is now easier than ever (as those that remember the days of sending Western Union and MoneyGram to Mt. Gox will certainly attest). For more up-to-date coverage of Bitcoin in the media, see this Google News link.
'Bitcoin is the secret to a safer, more efficient financial system' Garrick Hileman The internet currency Bitcoin is surrounded by uncertainty. Is it a speculative bubble? Is it as anonymous as is claimed? Can it be used to purchase the legendary White Widow marijuana or hire a hit man? But these questions divert attention from far more important discussions about Bitcoin's potential to drive financial innovation. Bitcoin has transcended partisan ideologies. Nobel laureate economist Paul Krugman and US Tea Party icon Ron Paul are diametrically opposed on virtually every issue but Bitcoin (both dislike it). Yet Bitcoin's opponenets should ask how the groundbreaking ideas that underlie it could be applied to reforming the global financial system. Although the 2008 financial crisis exposed profound institutional shortcomings, subsequent regulatory safeguards, like the 2010 Dodd-Frank Act in the US and the Basel III, have failed to bring about transformation. Likewise, protest movements such as Occupy Wall Street, aimed ultimately at reforming the culture of finance, have delivered mixed results. The fact is no one, except a small coterie of financial insiders who have benefited from taxpayer-financed bailouts, should be satisfied with the current system, not least because another crisis, accompanied by more bailouts, can be expected in the near future. While the exact timing of the next meltdown is unknown, one thing is certain: consideration of what kind of financial system we need would be incomplete without Bitcoin. The technology behind it could not only help to reduce risk by creating safeguards shielding the payments system from unpredictable financial activities; it could also bolster growth. Financial institutions act as matchmakers, linking investors, borrowers and savers, and recording what people own and owe. In exchange for these services they are generously compensated. So, to ask whether bankers' pay is fair is really to ask how much value is created by financial matchmaking - and there is no simple answer. By allowing a greater proportion of an economy's wealth to be channeled toward investment and other productive economic activities, a more efficient financial services industry boosts growth. Given the high costs of financial systems that are antiquated, costly and inefficient, the smaller the financial system, the better off everyone else will be. Profit seeking is also a factor in the inefficiency of the world's financial system. While British authorities recently announced the transfer of physical cheques would be abolished, a two-day cheque-clearing delay will remain. As scanned images of cheques could be processed electronically almost instantaneously, the delay can be explained only by "float" - the interest earned by holding onto money for as long as possible. Float is one of the ways the financial services industry extracts resources from the economy. The 3-5% charge levied by credit card companies adds up to several hundred billion dollars in profits. Fees for wire transfers and currency exchange can climb to 10% per transaction. The innovations pioneered by Bitcoin eliminate the fees, delays and inefficiencies lining the pockets of the financial services industry. Ahead of US Senate hearings last November, former Federal Reserve Chairman Ben Bernanke wrote to senators saying Bitcoin may "hold long-term promise, particularly if the innovations promote a faster, more secure, and more efficient payment system". Bitcoin, with its capacity for anonymity, could make the global financial system more secure. At the same time it offers an alternative tore of value, and its use as a medium of exchange is steadily growing. But perhaps the most exciting innovation offered by Bitcoin is the "Blockchain" - peer-to-peer software that keeps a record of all transactions and a tally of who owns what. The Blockchain serves the "ledger" function of banks, but at a fraction of the cost. Bitcoin marks a return to a community-based approach to money and banking, with financial services more closely connected to the people. Large, monolitic third-party managers, like "too big to fail" banks", would be cut out. With software like the Blockchain powering a new financial architecture, "the people" would effectively become the bank. Bitcoin and its ecosystem are maturing, and only time will tell if its current price is a speculative bubble. But the innovations pioneered by Bitcoin could play a transformative role in building a safer, less expensive and more effective financial system.
I think it's well written and takes a realistic view on the potential of both Bitcoin and the technology that it uses. While it does only talk about Bitcoin for a short amount of time, it highlights the issues with the current financial system and what Bitcoin could do to remedy some of its vices.
This article originally appeared in Bitcoin Magazine‘s 10th anniversary print edition. Silk Road, the online marketplace named for the historic network of trade routes established during the Han Dynasty, went live in February 2011. Its domain was accessible only on the so-called “dark web” via the encrypted and anonymous network software Tor. This eBay for the internet’s underworld was ... One article, from the March 2009 Wired magazine, even pinpointed an equation and a mathematician. The article “Recipe for Disaster: The Formula That Killed Wall Street,” accused the Gaussian ... bitcoin proponents were already bullish on the crypto asset due to government spending and debt levels before Covid-19, so current national stimulus packages are just adding more fuel to the fire ... Bitcoin is not a (good) means of exchange. (At best its way worse than ‘fiat’ money.) Reality: Bitcoin is an excellent means of exchange. You can’t reverse a bitcoin payment like a payment ... Wall Street, it appears, has learned the lesson that Silicon Valley and its allies have taught industry after industry over the past few decades: embracing your biggest threat is the only way to ...
Daniel Radcliffe Answers the Web's Most Searched Questions ...
Sorry for the potato quality this week! We had some technical difficulties with Skype recording so we used Hangouts instead. We have set up a BTC donation address for the podcast itself ... Newsweek magazine reportedly tracked down the mastermind behind the digital money known as Bitcoin. Vinita Nair reports on the media frenzy surrounding 64-year-old Dorian Satoshi Nakamoto. --Wired magazine publishes an article about the YouTube advertiser boycott, and specifically how it has affected The David Pakman Show https://www.wired.com/... WIRED is where tomorrow is realized. Bitcoin price will explode & BTC will dominate. Here are some reasons why it's smart not to miss the train! Bitcoin Wallet Article - https://www.marketwatch....