November 2021 - cypherpunks - lists.cpunks.org

USDC - USDP Stablecoins MAJOR Risk
by Gunnar Larson 24 Nov '21

24 Nov '21

https://www.banking.senate.gov/newsroom/majority/brown-presses-stablecoin-c… USDC (Circle.com) and USDP (Facebook/Meta/Novi famous...) have obvious mutual conflicts at the Board of Director level. This is what seemingly was left out (perhaps, a good technique) of Sen. Brown's letter to Circle (below). Senator Brown also sent letters to Coinbase <https://www.banking.senate.gov/download/letter-to-coinbase>, Gemini <https://www.banking.senate.gov/download/letter-to-gemini>, Paxos <https://www.banking.senate.gov/download/letter-to-paxos>, TrustToken <https://www.banking.senate.gov/download/letter-to-trusttoken>, Binance.US <https://www.banking.senate.gov/download/letter-to-binanceus>, Centre <https://www.banking.senate.gov/download/letter-to-centre>, and Tether <https://www.banking.senate.gov/download/letter-to-tether>. Dear Mr. Allaire: I write to request information regarding the USDC stablecoin. As documented in the recent report (Report) by the President’s Working Group on Financial Markets (the PWG), stablecoins present investor protection risks and raise several market integrity concerns. Consumers’ increased use of stablecoins, and their importance in effecting transactions in digital assets, underscores the need for greater understanding of the basic operation, and limitations, of USDC. As the PWG noted, the market capitalization of stablecoins issued by the largest stablecoin issuers exceeded $127 billion as of October 2021, reflecting an almost 500 percent increase over the prior year. The complex terms and conditions applicable to digital assets and stablecoins, as well as the need for reliable and resilient underlying networks, can make it difficult for investors and consumers to fully understand the details of how those assets function and their potential risks. I have significant concerns with the non-standardized terms applicable to redemption of particular stablecoins, how those terms differ from traditional assets, and how those terms may not be consistent across digital asset trading platforms. Even though stablecoins are typically “minted” in exchange for U.S. dollars, or other conventional currency, the purchase of stablecoins through a trading platform may not provide customers with the same rights and entitlements as a direct purchase from an issuer. In addition, customers may have different rights based on the amount of stablecoins owned or transacted. Furthermore, because the term stablecoin is used broadly, users may not appreciate the complexity and distinct features and terms of each stablecoin. Accordingly, given the importance of the specifics related to the use of USDC to investors and consumers, please respond to the questions below in clear, straightforward terms. I understand that any response would not affect or change the binding terms or conditions applicable to any particular customer or circumstance, but your ability to provide information that can clarify the basic operational features of USDC is critical to improve the understanding of digital assets. 1. Please describe the basic purchase, exchange, or minting process[es] by which customers can acquire USDC for U.S. dollars. In your answer, explain any relevant limitations or qualifications to engaging in and completing that process. 2. Please detail the process to redeem USDC and receive U.S. dollars. Here, also, identify any requirements or limits, including any minimum redemption size, waiting period, or qualifications. 3. Since USDC’s inception, how many USDC tokens have been issued, and how many have been redeemed? Over the last 12 months, what is the greatest percentage of the USDC in circulation at the beginning of a calendar week to be redeemed in the subsequent seven days? 4. Briefly characterize the market or operational conditions that would prevent the purchase, or redemption, of USDC for U.S. dollars, or another digital asset. For purposes of answering this question, do not list or describe legal or regulatory limitations currently described in a user agreement or terms of service. For each condition identified, please provide at least one example that occurred in the past 12 months and its duration. 5. Please identify any trading platforms that have enhanced capabilities, privileges, or special arrangements with respect to USDC, identifying those features and their basis (e.g., contractual or common control). 6. Please summarize any internal reviews or studies your company has conducted about how specific levels of redemptions would affect USDC, including its convertibility into U.S. dollars, or would affect the financial position of your company. Please respond to the above by December 3. I appreciate your attention to this matter, and thank you for your timely cooperation. Sincerely, ###

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Fwd: Notice: Computer Fraud and Abuse Act
by Gunnar Larson 24 Nov '21

24 Nov '21

The subject of MIA Coin and NYCCoin prompts grave concerns related to international peace and security and seems to be in violation of the "Network Security Law of the People's Republic of China '' ... And corresponding Articles 44/46 (see below). Over the last few days, we have been in touch with the leaders of Stacks.co/Stacks.org (aka STX) and have more or less confirmed their operation is sketchy, at best. Their approach has been that there is no association between the co-conspirators behind the the MIA, NYCCoin scheme. This is an obvious lie. Below is the correspondence, issued to this mailing list as a disclosure technique. - Gunnar Larson ---------- Forwarded message --------- From: Gunnar Larson <g(a)xny.io> Date: Tue, Nov 23, 2021 at 8:51 AM Subject: Re: Notice: Computer Fraud and Abuse Act To: Mitchell Cuevas <mitchell(a)stacks.org> Cc: Brittany Laughlin <brittany(a)stacks.org>, Lois Li < lois(a)alpinelawoffice.com> Mitchell: In addition to the Network Security highlight in previous correspondence (and our worry of being that Stacks.co and/or Stacks.org has potentially ignored our interests ensured through interpretations of specific provisions in the existing national and supra-national legal framework) please note reference a new article: https://forkast.news/digital-yuan-scams-china-pboc-readies-e-cny/ - We should share that we have appropriately disclosed any potential computer crime matter to the relevant association as per best practices. We are not exactly sure how "Network Security Law of the People's Republic of China" relates to Articles 44/46 but in any/all cases, this is not our immediate concern. Meanwhile, if Stacks.org/Stacks.co's Board of Directors find it potentially symbiotic to resolve any unnecessary affairs in the New York virtual currency community now ongoing, please have a Direct or representative reach out anytime. Obviously, we have genuine intent and are not exactly sure of STX's general approach to the future of New York. Let the record show, we did everything we could as virtual currency scholars based out of New York. Sending you the very best regards. Thank you, Gunnar -- *Gunnar Larson - xNY.io <http://www.xny.io/> | Bank.org <http://bank.org/>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001 On Mon, Nov 22, 2021 at 6:02 PM Gunnar Larson <g(a)xny.io> wrote: > Mitchell: > > Patrick Stanley, Blockstack PBC’s former Head of Growth, served as interim > head of the non-profit foundation while conducting an executive search for > a permanent Chairman for the non-profit foundation, correct? > > Stacks Open Internet Foundation, Inc. (Stacks.org) seems like a company, > holding IP and other key roles related to heading up growth. Finally, can > you advise if you and Ms. Laughlin reports to the Stacks.co board of > directors? > > Trust we are reaching out in good faith, given Stack.org's ownership of > the 2.0 blockchain software and/or association with the "Network Security > Law of the People's Republic of China" (applicable to data sharing with HK > affiliates): > > - Article 44: Internet platform operators shall assume data security > management responsibilities for third-party products and services connected > to their platforms, clarify the data security responsibilities of third > parties through contracts and other forms, and urge third parties to > strengthen data security management, and adopt The necessary data security > protection measures. > > If third-party products and services cause damage to users, users can > request Internet platform operators to pay compensation in advance.The > provisions of the first two paragraphs of this article shall apply to > third-party products pre-installed on mobile communication terminals. > > - Article 46 Internet platform operators shall not use data and > platform rules to engage in the following activities: > (1) Using the user data collected by the platform to implement > differentiated pricing of products and services for users with the same > trading conditions without justified reasons, such as actions that harm the > legitimate interests of users; > (2) Use the operator data collected and mastered on the platform to > implement lowest-price sales in product promotion and other behaviors that > harm fair competition; > (3) Using data to mislead, deceive, and coerce users, impair users' > right to decide on the processing of their data, and process user data > against users' wishes; > (4) Setting unreasonable restrictions and obstacles in platform rules, > algorithms, technology, traffic distribution, etc., restricting small and > medium-sized enterprises on the platform to fairly obtain industry and > market data generated by the platform, and hindering market innovation. > > We see a mutually advantageous opportunity to these issues at Stacks.org > and associated Stacks.co third party collaborators. > > Let me know what you think. > > Thank you, > > Gunnar > -- > *Gunnar Larson - xNY.io <http://www.xny.io/> | Bank.org <http://bank.org/>* > MSc > <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - > Digital Currency > MBA > <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship > and Innovation (ip) > > G(a)xNY.io > +1-646-454-9107 > New York, New York 10001 > > On Mon, Nov 22, 2021 at 4:44 PM Mitchell Cuevas <mitchell(a)stacks.org> > wrote: > >> Thanks Gunnar, you were misinformed (as many folks in the Discord tried >> to explain to you). >> >> First, Stacks.org is not a company, it is a website. The website >> represents our efforts here at the Stacks Foundation where Brittany >> Laughlin (copied) is Executive Director. She is not involved in leading the >> CityCoins project nor are any other staff members of the Stacks Foundation. >> >> Further, to my knowledge, there is no 'Director of CityCoins', it is a >> community-run project with various groups and individuals contributing and >> no centralized leadership. If you'd like to know more about their >> organization, it would be best to get in touch with them. >> hello(a)citycoins.co >> >> On Mon, Nov 22, 2021 at 4:29 PM Gunnar Larson <g(a)xny.io> wrote: >> >>> Mitchell: >>> >>> Thanks for the note. >>> >>> Can you clarify the relationship between Stacks.org and CityCoins? We >>> were advised that the Director of CityCoins is also the Chair of Stacks.org? >>> >>> Whatever the case maybe, from the previous note we have an incline to >>> approach your team related to LBO >>> <https://pages.stern.nyu.edu/~eofek/InvBank/LBO%20Overview.pdf> >>> exploration. >>> >>> Would Lois be the best colleague to discuss the concept more? >>> >>> Sending you the very best. >>> >>> Gunnar >>> -- >>> *Gunnar Larson - xNY.io <http://www.xny.io/> | Bank.org >>> <http://bank.org/>* >>> MSc >>> <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - >>> Digital Currency >>> MBA >>> <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship >>> and Innovation (ip) >>> >>> G(a)xNY.io >>> +1-646-454-9107 >>> New York, New York 10001 >>> >>> On Mon, Nov 22, 2021 at 3:57 PM Mitchell Cuevas <mitchell(a)stacks.org> >>> wrote: >>> >>>> Hey Gunnar, I'm assuming you're the same Gunnar was sending accusations >>>> at the CityCoins team via our Discord. If this notice was intended for that >>>> project, you can reach them through their channels: >>>> https://www.citycoins.co/. >>>> >>>> If you intended to send this to us here at Stacks Foundation, I've >>>> copied our legal counsel. >>>> >>>> On Sun, Nov 21, 2021 at 9:06 AM Gunnar Larson <g(a)xny.io> wrote: >>>> >>>>> Dear Madam or Sir: >>>>> >>>>> Given that we are not a holder of STX and/or have not agreed to >>>>> Stack.org’s Terms of Use, this claim is not subject to arbitration. >>>>> >>>>> Full, fair, and accurate disclosures from all parties in a battle for >>>>> corporate influence or control are critically important to investors, >>>>> particularly when they are called upon to make decisions about their >>>>> investments. Contemporary crypto computer crimes likely are key >>>>> considerations relevant to making informed investment decisions by >>>>> sophisticated investors, underscoring protection of pension assets via keen >>>>> planning. >>>>> >>>>> BitLicense marketplace manipulation techniques and potential >>>>> cross-border computer crimes seem understood by Board Directors at >>>>> Stacks.co and/or Stacks.org. >>>>> >>>>> Computer crime fraud is a major issue for developing economies. >>>>> Likewise, in western developed economies, market history warns that when >>>>> boards of directors approve of and/or ignore the misuse of computer >>>>> software programs which compute values based upon data input formulas from >>>>> active cross-border manipulation structures, the results can lead to >>>>> scandals like Enron. Such outcomes cost investors billions of dollars when >>>>> the share prices of affected companies collapse, while also shaking public >>>>> confidence in the United States securities markets. >>>>> Enron’s Board of Directors: Contemporary Lessons on Crypto Marketplace >>>>> Manipulation Computer Crimes >>>>> >>>>> In its 2000 review of best corporate boards, Chief Executive Magazine >>>>> included Enron among its five best boards. Even with its complex corporate >>>>> governance and network of intermediaries, Enron was still able to "attract >>>>> large sums of capital to fund a questionable business model, conceal its >>>>> true performance through a series of accounting and financing maneuvers, >>>>> and hype its stock to unsustainable levels."On paper, Enron had a model >>>>> board of directors comprised predominantly of outsiders with significant >>>>> ownership stakes and a talented audit committee of various state and >>>>> federal regulators. >>>>> >>>>> Two decades later, in 2021, it is clear that cryptocurrency and >>>>> blockchain computer software systems require contemporary, ethically pure >>>>> and sound cultivation to support the realization of a "generation of >>>>> innovation," maximizing the full potential of blockchain software >>>>> technologies. >>>>> >>>>> Board directors that will pioneer the next chapters of the meaningful >>>>> New York legacy of global, cross-border banking will agree: >>>>> >>>>> >>>>> - >>>>> >>>>> Close scrutiny of corporate governance and greater responsibility >>>>> placed on directors to vouch for the reports submitted to the SEC and other >>>>> federal agencies have resulted in the growth of computer software solutions >>>>> such as blockchain systems and processes. >>>>> - >>>>> >>>>> Cryptocurrency and Blockchain computer software products allow >>>>> corporate directors and internal auditors to assemble and analyze financial >>>>> and other relevant data—including unstructured data—and create reporting >>>>> required by New York BitLicense regulators and various Federal counterparts. >>>>> - >>>>> >>>>> Before its demise, Enron was lauded for its sophisticated >>>>> software, including financial risk management tools powered by computer >>>>> software. >>>>> - >>>>> >>>>> Risk management was crucial to Enron not only because of its >>>>> regulatory environment, but also because of its business plan. Enron >>>>> established long-term fixed commitments which needed to be hedged to >>>>> prepare for the invariable fluctuation of future energy prices. >>>>> - >>>>> >>>>> Enron's downfall was attributed to its reckless use of derivatives >>>>> and special purpose formulas manipulated by computer accounting software >>>>> tools. To engage in probable computer crimes, Enron hedged its risks with >>>>> special purpose entities which it owned, and Enron retained the risks >>>>> associated with the transactions. >>>>> >>>>> >>>>> Enron's aggressive accounting practices were not hidden from the board >>>>> of directors, as later learned by a Senate subcommittee. The board was >>>>> informed of the rationale for using the Whitewing, LJM, and Raptor >>>>> transactions, and after approving them received status updates on the >>>>> entities' operations. Although not all of Enron's widespread improper >>>>> accounting practices were revealed to the board, the practices were >>>>> dependent on board decisions. >>>>> Computer Fraud and Abuse Act >>>>> >>>>> xNY.io seeks relief to protect our enterprise and overcome any and >>>>> all unnecessary delay or further loss or harm related to Stacks.co and/or >>>>> Stacks.org’s interstate or international transmission of threats directed >>>>> against computers and computer systems (aka the Bitcoin Blockchain). >>>>> >>>>> >>>>> - >>>>> >>>>> As witnessed in New York State recently, top Stacks.co and >>>>> Stacks.org leaders perhaps have ignored ethical rules by rationalizing away >>>>> conduct known to be unethical standards of professional behavior. >>>>> - >>>>> >>>>> More abstract-oriented discussions concerning whether society’s >>>>> best interests are advanced with attempts to distort outcomes by >>>>> discrediting the truth has even impacted virtual currency innovation out of >>>>> New York. >>>>> - >>>>> >>>>> Such practice of engaging in conduct that involves dishonesty, >>>>> fraud, deceit or misrepresentation is impermissible and should not be >>>>> tolerated. >>>>> >>>>> >>>>> From our perspective, Stacks.co and/or Stacks.org have built entire >>>>> global operations on the foundation of a “BitLicense Loophole” with intent >>>>> to profit from various cross-border computer crimes >>>>> <https://www.justice.gov/sites/default/files/criminal-ccips/legacy/2015/01/1…> >>>>> such as market manipulation while being partially funded and/or directed >>>>> out of New York. xNY.io <http://xny.io/> is concerned that Stacks.co >>>>> and/or Stacks.org has potentially ignored our interests ensured through >>>>> interpretations of specific provisions in the existing national and >>>>> supra-national legal framework (civil law, securities law, bankruptcy law) >>>>> while engaging Stacks 2.0 blockchain software computer crimes. >>>>> >>>>> Today’s memo is to seek further detail on the nature of Stacks Open >>>>> Internet Foundation, Inc.’s California operations and headquarters. We >>>>> would like to assess if Stacks.org is subject to California precedent >>>>> concerning Negligent Interference With Prospective Economic Advantage. >>>>> >>>>> Sending you the very best regards. >>>>> >>>>> Thank you, >>>>> >>>>> Gunnar Larson >>>>> -- >>>>> *Gunnar Larson - xNY.io <http://www.xNY.io>* >>>>> MSc >>>>> <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> >>>>> - Digital Currency >>>>> MBA >>>>> <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> >>>>> - Entrepreneurship and Innovation (ip) >>>>> >>>>> G(a)xNY.io >>>>> +1-646-454-9107 >>>>> New York, New York 10001 >>>>> >>>> >>>> >>>> -- >>>> *Mitchell Cuevas* >>>> Find me in the Stacks Discord <https://discord.gg/zrvWsQC> community >>>> stacks.co >>>> >>> >>> >>> >>> >> >> -- >> *Mitchell Cuevas* >> Find me in the Stacks Discord <https://discord.gg/zrvWsQC> community >> stacks.co >> >

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the human race is finished
by Punk-BatSoup-Stasi 2.0 24 Nov '21

24 Nov '21

"Mass rollout of experimental mRNA vaccines developed in record-time, with unforeseen long-term consequences and with big pharma companies claiming exemption from all liability, as usual. These will become mandatory. Vaccine/health passports will be issued (already in effect in various countries). These will be necessary to get work, rent an apartment, go to school, buy food, move from state to state, province to province, etc. What's more is that it won't be, "one and done". You will be mandated, on pain of state violence, to line up for "covid shots" every 3 - 4 months. Covid will never go away. Temperature scanning will pave the way for biometric retinal scanning, all under the auspices of contact tracing and public safety. Further on down the road, cash will be phased out, because, it will be argued, it is a vector of transmission for the virus. Financial privacy will end. Private ownership of vehicles will end. Autonomous drones and cars will patrol the streets and skies. Pretty much every facet of social life will go virtual. Technological innovations like Neuralink will eventually colonize every aspect of daily life and become de facto mandatory much in the same way that cell phones have colonized society and changed it in such a way as to become de facto mandatory. Social credit systems governed by AI will rule in every country on Earth. " source is a comment here https://anarchistnews.org/content/totw-2020-year-past-year-ahead the text above has been already posted by the jew-turd professor turd, but the turd didn't say where it came from and only posted it to try to mock it. The text of course happens to be a pretty accurate description of reality and that's why the jew-turd-cop wanted to 'mock it'. >Temperature scanning will pave the way for biometric retinal scanning Notice that we had 'libertarian' 'cypherpunk' Jim Bell cheering for that sort of nazi surveillance, not to mention his barefaced promotion of joogle-fucktardphone spying.

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AIDS denialism, is responsible for hundreds of thousands of preventable AIDS deaths
by professor rat 24 Nov '21

24 Nov '21

https://en.wikipedia.org/wiki/Peter_Duesberg The evil that such men do lives on and on.

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Peter Thiel needs killing ( My 20 sats )
by professor rat 24 Nov '21

24 Nov '21

Peter - if you're reading this - thou art a villain This morning David Corn of Mother Jones posted this write up in his newsletter: “How Dangerous is Peter Thiel.” It’s a pretty good question and one I’ve been thinking a lot about. He goes into Thiel’s bankrolling of numerous far right political candidates and organizations. I also strongly recommend this article from last month in The New Yorker: “What is it about Peter Thiel“. Anna Wiener delves deep into who Thiel is, the ideas he espouses and more, based in part on a review of a new biography The Contrarian: Peter Thiel and Silicon Valley’s Pursuit of Power by Max Chafkin of Bloomberg Businessweek. There are many ways in which Thiel is well cast as a villain https://talkingpointsmemo.com/edblog/thiel-silicon-valley-and-the-rise-of-t…

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Batshit Crazy - call yo mama
by professor rat 24 Nov '21

24 Nov '21

End Times preacher Sharon Gilbert says that an alien imitated her husband, and then it tried to have sex with her, and then it claimed to be Xerxes, and then Jesus got involved, and then the alien turned out to be a reptile with a posse of gargoyles. https://twitter.com/i/status/1463220147993329670

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Seven anti-vaccine doctors contract Covid after Florida summit
by professor rat 24 Nov '21

24 Nov '21

You'd have to be a stone not to laugh Dumbass Doctors tested positive or developed symptoms ‘within days’ of conference at which alternative treatments were discussed https://www.theguardian.com/us-news/2021/nov/23/florida-doctors-covid-coron…

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FREE ERIC!
by professor rat 24 Nov '21

24 Nov '21

As the Nelson Mandela of crypto-anarchy I have to stand in solidarity https://www.news.com.au/technology/online/social/instafamous-aussie-twins-e…

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About Metaverse
by professor rat 24 Nov '21

24 Nov '21

Lets not mince a lot of words here - as soon as we've provided proof-of-concept with this guy . . . https://stiffs.com/celebrity/billgates I say we APster this guy https://stiffs.com/celebrity/markzuckerberg Crypto-money talks - bullshit walks.

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Matrix rent is too damn high, Amorpheous
by professor rat 23 Nov '21

23 Nov '21

Money-badger don't care, Zero https://www.coindesk.com/business/2021/11/23/crypto-states-will-compete-wit…

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