June 2009 - cypherpunks-legacy

Re: Help Iranian dissidents
by Eugen Leitl 24 Jun '09

24 Jun '09

----- Forwarded message from Andrew Lewman <andrew(a)torproject.org> -----

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Re: [btns] IETF75
by Eugen Leitl 24 Jun '09

24 Jun '09

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Re: Help Iranian dissidents
by Eugen Leitl 24 Jun '09

24 Jun '09

On Wed, Jun 24, 2009 at 08:31:51AM -0700, Dieter Zinke wrote: > Anyway, if the provider shuts down, the internet is down. Nobody needs help with tor if the internet is down. Right? That was or is the problem with some providers today in Iran. What's the situation with guerilla WLAN (long-distance and mesh), packet radio, satellite phones, illegal fiber laid across country borders? Speaking about guerilla, http://www.google.com/search?q=sheevaplug would seem like an ideal throwaway Tor appliance. With Bluetooth or WLAN dongles even casting a small (or long-distance, with suitable directional aerials) wireless cloud. -- Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE

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To fight deflation, abolish cash. Could Japan make reality of ‘science fiction’?
by R.A. Hettinga 24 Jun '09

24 Jun '09

At the heart of the problem of achieving negative nominal interest rates is the idea that physical currency is an anonymous bearer bond with a nominal interest rate of zero. Remember my running gag about cash being a bearer-settled zero-coupon zero-interest perpetuity? They'll be taxing cash balances, if this keeps up... Hat Tip: <http://www.dshack.net/2009/06/could-japan-abolish-cash.html> and <http://www.cscoutjapan.com/en/index.php/e-money-in-japan-a-quick-video-overv iew/ > Cheers, RAH -------- <http://business.timesonline.co.uk/tol/business/economics/article6531299.ece? print=yes&randnum=1245843110986 > From The Times June 19, 2009 To fight deflation, abolish cash. Could Japan make reality of science fiction? Leo Lewis Asia Business Correspondent With recovery elusive, a population doddering into old age and perhaps a decade of deflation in prospect, Japan may start mulling the most radical monetary policy of all the abolition of cash. Unorthodox, untried and, said one Bank of Tokyo Mitsubishi strategist, in the realms of economic science fiction, the recommendation has nevertheless begun floating around Tokyos corridors of power and economists have described Japan as particularly suitable as a testing ground. The search for more outri economic policies continues, despite the recent surge in the Nikkei 225 index.The market may be reflecting soaring Chinese investment, rising consumer confidence and other cheerful data but economists see few long-term beacons of hope for Japan. Other extreme ideas mooted by the financial authorities include a tax on physical currency or introducing one to operate alongside the yen. All three ideas are based on a theory concerning interest rates and the concept that a nominal rate of zero as Japan has now lived with for much of the past decade may be too high. In Japans case, the theory would suggest that nominal rates of -4 per cent might be closer to what is required to rescue the economy from another deflationary spiral. Having agreed that this might be necessary, the next question is how it could be imposed. Several MPs in the ruling Liberal Democratic Party believe the abolition of cash, though politically radioactive, might be technically feasible. Richard Jerram, a senior economist with Macquarie bank, told investors that the proposal has become practical with the broad penetration of electronic money and credit cards in Japan. He said that all the proposals were radical but worth consideration for Japan. Without physical cash, a central bank can set rates exactly where it likes, runs the argument. Mr Jerram said: At the heart of the problem of achieving negative nominal interest rates is the idea that physical currency is an anonymous bearer bond with a nominal interest rate of zero. While a central bank can impose positive or negative rates on non-physical assets, transmitting those rates to physical currency is a huge challenge. By permanently removing cash from a system, he added, policymakers are robbed of the excuse that zero is the lowest that nominal rates can go as a deflation-fighting tool. In theory, many Japanese could easily make the leap into a cashless world. The country has six main competing cashless payment systems, many of them embedded into mobile phones. Including Oyster-type cards issued by public transport companies, industry sources estimate that there are about 120 million cashless payment chips sitting in Japans wallets and handbags, waiting to be swiped. Nevertheless, the country remains a wholeheartedly cash-based consumer society. Currency in circulation is about 16 per cent of its GDP, compared with the levels of 2 to 3 per cent in most developed countries. Reducing that 16 per cent to zero would be a wrench but would come with considerable benefits, Mr Jerram said. But just as Japans cultural attachment to cash may prove hard to dislodge, some economists believe that the same may be true of deflation. The countrys growing population of elderly people mainly hold cash or cash equivalents and, compared with its US and European counterparts, the Bank of Japan has come under virtually no political pressure to be more belligerent in its war on deflation. It is unlikely, added Mr Jerram, to brook anything as radical as abolishing cash.

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[Open Manufacturing] Raw Story » Despite FAA ban, US spy drone patrols northern border
by Eugen Leitl 24 Jun '09

24 Jun '09

----- Forwarded message from "Paul D. Fernhout" <pdfernhout(a)kurtz-fernhout.com> -----

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