“What prison program can turn a 50 percent recidivism rate into a 4 percent rate? That would be college courses for people behind bars, an underfunded and politically unpopular move in American politics. PBS’s four-part documentary this week, College Behind Bars, persuasively makes a case for corrections departments to save money by expanding this opportunity. What’s more corrective than learning? (Washington Post)”
We all know what cyrpto currency assets are at this point, but to correlate current events with the role of International Central Banks and International Trade is indeed complex. This presentation was for the Luxembourg American Chamber of Commerce in New York City. It does assume a baseline understanding of international finance and the role of Central Banks, Securities and International Trade.
Some highlight slides followed by the embedded presentation from slideshare. Note: these are NOT all of the slides from the presentation, so be sure to view the embedded presentation on cryptocurrency on linkedin.
An excellent read on this topic is the conspiracy of paper.
The following slide is CRITICAL to understand the differences between how Central Banks functions versus how Cryptocurrency functions. Although people are working on options that reduce the all-or-nothing nature of the change. (see slidedeck for more)
OK, WHAT IS CRYPTOCURRENCY?! Speak English Please!? This is the way I try to explain cryptocurrency in plain language so that normal people can understand it. This is the simplified explanation of cryptocurrency:
Where does cryptocurrency come from and why should I care anyway? Let’s start with the “who makes this stuff?” question. Because that is the important part. It’s all about CONTROL.
The above slides highlight some of the critical slides in the presentation on slideshare on cryptocurrency as presented to LACC-NYC by Ed Schipul. The presentation, with some sensitive slides redacted, is embedded below.
You can access the CryptoCurrency Presentation directly on slideshare at https://www.slideshare.net/eschipul/cryptocurrency-lacceschipul
Note: This was sponsored by Tendenci – The Open Source AMS (Association Management Software) and the Luxembourg American Chamber of Commerce of New York City is a Tendenci client. The presentation was done at no cost for LACCNYC and I did not, and the company did not receive any compensation. I just like economics, associations, and crypto in addition to my various other interests. (Although to be fair, I have made some $$ from crypto trading from studying patterns in publicly available data sets. I mean, why learn ML/AI if you can’t use it a bit….)
From the article: “Bitcoin is a slow burn, one that will take another five or ten years to really explode. And when it does it won’t be visible like Facebook or Netflix. It won’t be one level removed from our browsers, hiding just out of sight, like Linux. It will be ingrained in our lives, in the interaction between our money and the world. It will be the currency used between humans and robots and between robots and robots. It will become so useful that it will disappear.”
From the article, and this applies to our country and *both* political parties in my opinion:
….imagine the impact of the next great recession on these already stark social and economic divisions within American society.
Finally, political institutions in fragile states either erode or are captured by the governing elite to advance their personal interests. Typically, fragile states arbitrarily apply the rule of law against political opponents, delegitimize and undermine normal state bureaucratic functions that fail to align with elite interests, and leverage external political agents and foreign states to intervene in domestic matters.
Overall, VC investment in software is trending well according to CB Insights as well as Pitchbook. However, one of my observations while living in SF during and after the 2016 election was an immediate drop in seed level investment right before and after the election. The data:
While nobody can say for sure what the causes are, here are some hypotheses.
- The “Muslim Ban” created uncertainty. Any SWOT analysis that has to add “nationality of founders” to the RISKS category changes things.
- The markets were “juiced” by the corporate tax cuts, but investors recognized this as a one time event. In such an event it makes more sense to double down on larger investments.
- Tariffs increased “risk” as well, particularly for tech.
Possible consequences of the decrease in early stage/seed investment
- Decrease in Innovation in the US as money flows to existing investments.
- Decrease in immigrant entrepreneurs.
- Decrease in foreign students enrolling in US Universities.
NOTE: The annotations on the graph were done by me and are not from CBI.
From the article titled: Warnings of world-wide worm attacks are the real deal, new exploit shows
It was posted Tuesday by Sean Dillon, a senior security researcher and RiskSense. A play-by-play helps to underscore the significance of the feat.https://twitter.com/zerosum0x0 and reinforced by the NSA:
“It’s these last six seconds (of the video) that underscore the danger posed by the vulnerability, which according to Internet scan results posted eight days ago remains unpatched on almost 1 million computers. The flaw, which is indexed as CVE-2019-0708 but is better known by the name BlueKeep, resides in earlier versions of the Remote Desktop Services, which help provide a graphical interface for connecting to Windows computers over the Internet. A much more detailed blow-by-blow is here.”
(It) Only takes one unpatched system to spread
Last Friday, members of the Microsoft Security Response Team practically begged organizations that hadn’t patched vulnerable machines to do so without delay, lest another WannaCry scenario play out. “It only takes one vulnerable computer connected to the internet to provide a potential gateway into these corporate networks, where advanced malware could spread… officials with the National Security Agency on Tuesday echoed Microsoft’s warning. The video posted by Dillon, particularly in the last six seconds, demonstrates that the danger is in no way exaggerated.
If the intermingling of Mimikatz and a critical Windows vulnerability to devastating effect sounds familiar, it’s probably because that’s how another paralyzing worm, dubbed NotPetya, managed to wipe out entire networks. According to an analysis from Kaspersky, NotPetya, which is regarded as the most expensive malware attack in history, used the Eternal Blue exploit developed by and later stolen from the NSA to exploit one or more vulnerable machines. NotPetya,
In the NotPetya analysis, Kaspersky researchers wrote, “IMPORTANT: A single infected system on the network possessing administrative credentials is capable of spreading this infection to all the other computers through WMI or PSEXEC.”
My Thoughts on EternalBlue, BlueKeep and Why These Are Human Problems
Closing thoughts: NOT all countries can realistically afford the cost of the Windows Operating System in their schools. But without that experience they can’t compete, so they use hacked versions. If you lived in Indonesia or Mongolia, what would you do?
Those companies, with employees using hacked system in countries of different economic status, are possible subcontractors for international global leaders (like Maersk for example). They are the weak leak, because a hacked Windows system can’t be patched.
To be clear: I do *NOT* agree with software theft. But I also don’t agree with sloppy work on the part of our security agencies that have the resources to secure the nuclear weapons of the cyberwar that are being unleashed against not just the US, but the world.
We all need to stop and think about the overall situation. I believe the existential threat of EternalBlue, a gift that keeps on giving, is that it was an American agency funded by the US tax payers that did not report the vulnerabilities to an American software company. For years.
Unintended Consequences of Huawei and Google Android Patch Ban (possible)
Bonus Round: What if nobody can patch their Android phones, or at least half of them? That would be awesome. Or not. And that looks like a definite possibility in the near future if Google cuts Huawei off from Android patches per US restrictions.
From the article, (and I believe we are already there):
“A major blunder would be pushing too hard with financial punishments, and incentivizing Moscow and Beijing to bypass the U.S. trade and monetary order.
When the dollar’s primacy materially dwindles, that will be game over in the balance of power with the East.”
If people don’t realize cryptocurrency “payment channels” (basically like a purchase order between merchants – settled up later but pre-approved) is a threat to the petrodollar, they are mistaken. The USD is nothing more than what we would call “proof of stake” in the crypto world. The Fed is the issuer, the stake.
Energy traded based on a proof of stake crypto currency pinned to the future value of a fiat currency in, say 30 days, via a smart contract could replace the influence of the US at a global level – I believe you are mistaken.
Just going to leave this right here:
A programmer starts a company in Houston, because why not? Expanded to Mountain View maybe 2011 ish? Along the way took up photography in 2006. I know the exact photo. It’s on flickr. I’m on flickr because it was talked about at Etech. That’s the backstory.
Economics of Data (including Photos)
Let’s forget ethics, the value of community, the historical role of a site, the role of O’Reilly and Etech growing their brand, and let’s just talk about PROFIT. Smugmug’s CEO is currently making a HUGE error by blocking new uploads to flickr for long time users. I know this because not only am I holding out, despite having been a Pro paying user for many of the last 13 years.
As a long time flickr user I can point out the fact that many of my photos are on wikipedia, despite the fact I have NEVER uploaded a photo to wikipedia. How? Because I frequently share my photos creative commons attribution. Other people can legally use them and upload them with attribution (e.g. “Photo by Ed Schipul”) and nothing more. They found these photos on Flickr because the taxonomy allowed us to specify the CC license.
But first, the email I received today looks this:
Text from their email:
We’ve made some big changes to free Flickr accounts over the past year, and our community has made it clear that they’d like more time to decide on a home for their photos.https://www.flickr.com
Because we know how important that decision is, we’re giving free Flickr accounts with 1,000+ photos and videos another month to make a decision, whether it means upgrading to Flickr Pro (with unlimited storage) or downloading your photos onto a computer.
On March 12, 2019, any photos and videos over 1,000 on free Flickr accounts will be at risk for deletion.
Having spent years traveling, and one year living full time in San Francisco, I can say with the advent of AI and machine learning, there are startups that offer FREE security cameras. Why? Because of the value of the XIF data and to feed into algorithms.
And on the Internet there are numerous currencies; attention, cash, link-backs are three primary currencies.
Riddle me this. Why would you block someone from uploading high value content to your site that creates attention and links back to your site? It’s not like they bought any of my cameras or paid me. But I’m blocked from uploading and the smugmug CEO is sending out emails pointing out that their “storage” is cheaper than “other people’s storage.” Baroo? Did you seriously just call my photography “storage”? WTF?
As I type this, this is what flickr looks like so I can’t “link you” to any of the ridiculously rich content and photos I have uploaded over the last 13 years.
Because flickr is down. Me thinks they are in over their heads.
I’ll end on a positive note. Flickr/Smugmug’s CEO may not understand their actions, that they are killing photography on the Internet, because they weren’t there back in the day. Naive, yet at least they did provide a download link. The community is being destroyed, and we will rebuild. Ethically I have to say THANK YOU for providing our data.
Any other open source developers out there who want to provide a Python/Django based gallery option that includes OG community? Because we are apparently on our own folks.
Why does the Internet seem broken lately? Let’s start with the obvious – the government shut down is a horrific occurrence far beyond what people realize.
Why is the Internet slow right “now”? Because DNS is under attack and the government is shut down and incapable of responding. Seriously. We, the InfoSec community, are flying blind. For the average person – you are kind of hosed. (kidding, not kidding….)
What is DNS? “DNS” means “domain name resolution.” and it tells your computer how to find a web site. The thing is, *most* sites pull content from numerous places (think twitter feeds on your page, or a FB badge, or a font, etc.) If *ANY* of these items are slowed down, so is your site.
Not surprisingly, criminals look for opportunities and our politicians gave them a big giant gift by shutting down the government.
The DNS attacks, among others, haven’t made the news because the government has been shut down.
Recovery from one month of nobody managing CyberSecurity for the US Government will take months if not years. Some damage is permanent. (I’m just the messenger.)
If the Internet and cybersecurity are put in the category of “non-essential” then we have a serious problem. And we have a serious problem far larger than the drop in home buying. Hackers are patient. Very patient. Recon conducted over the last month will be used far into 2020. The RATs will persist in silence and nobody will know until they are activated.
Image from: https://www.deteque.com/live-threat-map/
Fox News on the impact of the government shut down on cybersecurity
Krebs on Security’s take:
One federal agent with more than 20 years on the job told KrebsOnSecurity the shutdown “is crushing our ability to take the fight to cyber criminals.”
“The talent drain after this is finally resolved will cost us five years,” said the source, who asked to remain anonymous because he was not authorized to speak to the news media. “Literally everyone I know who is able to retire or can find work in the private sector is actively looking, and the smart private companies are aware and actively recruiting. As a nation, we are much less safe from a cyber security posture than we were a month ago.”
The source said his agency can’t even get agents and analysts the higher clearances needed for sensitive cases because everyone who does the clearance processing is furloughed.
“About 1 in 10 Americans relies at least partly on SNAP benefits to buy food.”
Note: I don’t have a solution. I know that 10% of the population is a rather large and surprising number.
Kinda unnerving that this is our “normal”
… as much as I would also enjoy devoting my silver years to long, “John Wick”-ian episodes of bloodthirsty revenge, there are crueler and yet more productive things we can do.
Take your passion and invest it in undermining the values of your enemies.
Were they racists? Go tutor immigrants in English.
Did they mock your faith? Volunteer at Sunday school.
Were they prigs? Go out and overtip exotic dancers.
Find the one thing that would make them cry into their pillows and do it with glee.
Choire Sicha is the Styles editor of The Times. Write to him at firstname.lastname@example.org.
Featured image from screen capture from: https://www.washingtonpost.com/news/worldviews/wp/2016/03/25/children-of-the-same-god-pope-francis-washes-the-feet-of-muslim-migrants/
Russia (and others) meddling in US politics via propaganda, and winning, is being discussed. It’s a start.
Associations, via hacking, phishing, social engineering, and investment, were (probably) targeted as early as …. well, first the report:
New report on Russian disinformation, prepared for the Senate, shows the operation’s scale and sweep
IMHO – Our security community as well as the media unfortunately are not using common sense and logic. They still underestimate the scope and significance of ongoing issues and attacks AMS vendors must defend against.
Associations were targeted as early as 2010 according to our logs. If memory serves me correctly. (It’s expensive to do computer forensics.)
Attacks on associations, non-profits, NGOs/NPOs skyrocketed, I’d say, in 2014.
The involvement and influence campaigns, and attacks, have not decreased as I write this in December 2018.
International trade wars are difficult. I get it. Yes it is complicated. Then there is data:
American farmers are titans of international commerce. From 2000 to 2017 the value of agricultural exports nearly tripled. Exports comprise more than a fifth of farm output. Grain gushes abroad in the highest volumes. As the world eats more meat, livestock producers need more animal feed, raising demand for soyabeans. Exports last year reached $21.6bn, more than double the value of corn, the next largest export.
These successes are due in part to government subsidies that incentivise production, such as farm payments that rise when commodity prices fall. These mainly support big operations: farms with incomes of $167,000 or more received nearly 70% of commodity payments in 2016, according to the Heritage Foundation, a think-tank.
Productivity-boosting measures have helped, too. Mr Sims, for instance, now uses data on yields to fine-tune the application of fertiliser. He flies drones to inspect crops for insect damage.
Farmers often coat seeds before planting to fend off rot and pests. Environmentalists worry about the impact on water and biodiversity. But production has boomed.
This has helped depress prices for corn and soyabeans in recent years, even as land, fertiliser and seed have remained relatively expensive.
So a trade war is particularly ill-timed.
Mr Trump announced tariffs on steel and aluminium imports in March, and extended them to Mexico, Canada and Europe in May. In retaliation Mexico, the second-largest importer of American pork by value, raised tariffs to 20%. China’s tariffs of up to 70% on pork, and 25% on soyabeans, hurt even more.
Mr Trump is due to meet Xi Jinping, China’s president, at the G20 summit later this month,
“I’ve given a lot of thought to this, and have reached the conclusion that building walls isn’t such a bad idea. I’m not talking about walls that keep people out, I mean walls that bring people in, walls that create a home.” – Vicente Fox, NOV 20, 2018
… Juba’s boruboru (dodgeball) league has more than 50 teams and about 825 players, ranging in age from 10 to about 18. (Smaller girls tend to be ace dodgers, while the older girls have the stronger arms for throwing.)
When you see the “real deal”, the person who can withstand damn near anything, and still do the “right thing” under fire.
It is humbling. Thank you Sir.
Under the wide and starry sky, Dig the grave and let me lie. Glad did I live and gladly die, And I laid me down with a will. This be the verse you grave for me: Here he lies where he longed to be; Home is the sailor, home from sea, And the hunter home from the hill.
– Requiem by Robert Louis Stevenson.
I have not served. I am from a family of Veterans, grew up on Army bases all over as an Army Brat. My Dad was a Marine, then joined the Army and served as a Sgt and Medic in action Vietnam.
This view of the importance of non-violent protest is mine and I’m speaking for myself only. But as for me? Ya, I’d much rather see a player respectfully take a knee to draw attention to a great injustice, than become radicalized and violent against our brave men and women in uniform.
I’m an economic conservative in many ways, but maybe more progressive on social issues. That whole “equality” thing. I don’t know Beto’s stance on economic policy but it can’t be worse than the massive increase in the deficit we just observed.
This video by Beto, who is running against Cruz in Texas, where every major city voted democrat in the last Presidential election, is persuasive.
It’s worth a read.
I’ve volunteered with the Republican Party, voted in primaries in both parties, done web sites and supported candidates in both parties as well as independents.
You, dear candidates and public servants, are elected to serve and represent. You didn’t join a cult. You can’t just ignore us!
As for my long time friend and former client, Rep-R John Culberson. You did great getting I-10 moving.
However John, as for your Hurricane Harvey response – it was a fail. No action, no push for more Federal Response, no fast and immediate solutions. Campaign flyers won’t change this.
Remember, I still live in 77079. We have been forgotten and the brain drain is REAL. Where is our third Reservoir? Why hasn’t the south side of Buffalo Bayou been expanded. The water has to retain SOMEWHERE with every overpass functioning as a bottleneck.
Why haven’t Kikkerilo’s McMansions been removed through eminent domain and action taken aligned with the numerous (even the original) flood plans.
Senator Cruz did nothing either that we can SEE. He’s busy with the NYC businessman’s drama as far as I can tell.
Paul Ryan, PAUL RYAN!, is stepping down. That’s how bad it is.
If part of your life and work require travel, co-living is a great trend.
Ask anyone who travels for work. Most will say being alone and away from family and their support network is the hardest part. (Besides really uncomfortable airplane seats.)
From the article on co-living:
What Cannon had stumbled upon was actually a burgeoning trend in rental housing that had begun to shake up cities most popular with millennials. It’s called “co-living,” and it’s attempting to rewrite the exasperating and paycheck-crushing hassle of finding a decent place to live near the place where you work.