March 2023 - cypherpunks - lists.cpunks.org

Cryptocurrency: Lying Politicians Forced To Admit They Hurt Working Families
by grarpamp 16 Mar '23

16 Mar '23

Look at the lying shit eating grin on this "honorable" piece of trash as she twists economics while gleefully printflating "working families" into debt slavery for political gain... Crypto provides the long awaited final solution to the politician question by starving them of tax money through adoption of p2p cash. If you're not out there adopting, using, teaching, spreading p2p crypto, you're either a slave, a piece of trash, or both. https://twitter.com/RNCResearch/status/1636026411596087297 Biden budget director Shalanda Young admits Biden's proposed budget does NOT reduce the national debt and is NOT balanced.

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Serious language problem erupts in Belarus
by professor rat 16 Mar '23

16 Mar '23

Their sentences are too long https://anarchistnews.org/content/news-anarchist-political-prisoners-belaru… Reposts not journalism from publisher, Israel Shamir " Adam ".

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BREAKING: Ex-Wells Fargo Retail Bank Head Pleads Guilty, Fined $17M
by Gunnar Larson 16 Mar '23

16 Mar '23

Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty. ---------- Forwarded message --------- From: Banking Law360 <news-alt(a)law360.com> Date: Wed, Mar 15, 2023, 3:04 PM Subject: BREAKING: Ex-Wells Fargo Retail Bank Head Pleads Guilty, Fined $17M To: <g(a)xny.io> Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty. [image: Law360 US] <https://www.law360.com/banking?nl_pk=18419650-a93f-42ac-aefb-969852c4f61f&u…> BREAKING NEWS WEDNESDAY, MARCH 15, 2023 [image: Law360 iOS App] <https://itunes.apple.com/us/app/law360-legal-news-analysis/id934560389> [image: Law360 Android App] <https://play.google.com/store/apps/details?id=com.law360_native> [image: Follow Law360 on Facebook] <https://facebook.com/Law360> [image: Follow Law360 on LinkedIn] <https://www.linkedin.com/company/law360> [image: Follow Law360 on Twitter] <https://twitter.com/BankingLaw360> ------------------------------ <https://sli.law360news.com/click?s=734107&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734108&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734110&li=7&m=9f998b7695d367427670a5642c…> BREAKING: Ex-Wells Fargo Retail Bank Head Pleads Guilty, Fined $17M <https://www.law360.com/banking/articles/1586384?nl_pk=18419650-a93f-42ac-ae…> By Jon Hill Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty. 1 document attached | Read full article » <https://www.law360.com/banking/articles/1586384?nl_pk=18419650-a93f-42ac-ae…> <https://sli.law360news.com/click?s=734127&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734128&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734130&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734143&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734144&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734146&li=7&m=9f998b7695d367427670a5642c…> ------------------------------ <https://sli.law360news.com/click?s=734135&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734136&li=7&m=9f998b7695d367427670a5642c…> <https://sli.law360news.com/click?s=734138&li=7&m=9f998b7695d367427670a5642c…> Not sure if your firm subscribes? Ask your librarian. We hope you found this message to be useful. However, if you'd rather not receive future emails of this sort, you may unsubscribe here <https://www.law360.com/unsubscribe?k=18419650-a93f-42ac-aefb-969852c4f61f>. Please DO NOT reply to this email. For customer support inquiries, please call +1-646-783-7100 or visit our Contact Us <https://www.law360.com/about/contact> page. Privacy Policy <https://www.law360.com/privacy_policy> | Cookie Policy <https://www.law360.com/cookie_policy> Law360 | Portfolio Media, Inc, 111 West 19th Street, 5th Floor, New York, NY 10011

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Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse
by Gunnar Larson 15 Mar '23

15 Mar '23

Was the Mayor of New York City laundering money through Signature Bank with NYCCoin? Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse https://www.bloomberg.com/news/articles/2023-03-15/signature-bank-faced-cri… US prosecutors were investigating Signature Bank (SBNY)’s work with crypto clients before regulators suddenly seized the lender this past weekend, according to people familiar with the matter.

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NASA Unveils New Spacesuits for Astronauts Returning to the Moon
by Gunnar Larson 15 Mar '23

15 Mar '23

NASA Unveils New Spacesuits for Astronauts Returning to the Moon https://www.bloomberg.com/news/articles/2023-03-15/nasa-unveils-new-moon-su…

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Moody’s Downgrades Entire U.S. Banking System; Credit Suisse Plummets. Welcome to Banking Crisis 3.0
by Gunnar Larson 15 Mar '23

15 Mar '23

https://wallstreetonparade.com/2023/03/moodys-downgrades-entire-u-s-banking… By Pam Martens and Russ Martens: March 15, 2023 ~ The “Related Articles” linked below (a tiny sampling of relevant articles) will remind our readers just how long and in how many different ways we have been attempting to warn that the U.S. banking system was incompetently structured and at risk of systemic contagion. We have also repeatedly warned that the crony, captured Fed was the worst possible banking supervisor and should be stripped of its bank regulatory powers and restricted to setting monetary policy. We have repeatedly cautioned, citing experts in the field, that the Fed’s stress tests were little more than a placebo and would not prevent the next banking crisis. (Check out our numerous articles at this link. Scroll down.) On July 29 of last year we wrote that Wall Street Megabanks’ Multi-Billion Dollar Blunders Suggest Money Controls as Good as George Bailey’s Uncle Billy and summed up our analysis with: “This is the stuff of banana republics – not a financial system befitting a superpower.” On a regular basis, we emailed these articles to key staff of the Senators and House Reps who sit on the Senate Banking and House Financial Services Committees. Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. (Let that sink in for a moment – a downgrade of the entire U.S. banking system.) The news of the Moody’s downgrade did not hit the wires until yesterday, which should have cratered the most vulnerable bank stocks. Instead, there was a highly suspicious short squeeze that fueled a big rally in the prices of publicly-traded banks. That unwarranted optimism has now been reversed this morning with Dow futures down more than 600 points just after 8:00 a.m. in New York; major banks in Europe temporarily halted from trading after steep selloffs; and troubled Swiss behemoth bank, Credit Suisse, down 24 percent to a new all time low of $1.74 in morning trade in Europe following multiple trading halts. For the systemic contagion posed by Credit Suisse, see our February 10 article: Credit Suisse Tanks Yesterday to $3.02; It’s Lost Over 90 Percent of Its Market Value Since 2007; It’s Not Alone. We say in our headline above that this is Banking Crisis 3.0 because this is the third time (excluding the emergency measures taken in 2020 as a result of the COVID pandemic) that the Federal Reserve has deployed emergency measures to bail out the U.S. banking system in the past 15 years. (Prior to the repeal of the Glass-Steagall Act in 1999, which prevented the combination of Wall Street trading houses with federally-insured banks, there had been no major Fed bailouts for 66 years.) The banking crisis of 2008 was widely covered by the media, which even went to court to get the Fed to come clean on the dollar amounts and names of the banks that received trillions of dollars in secret, cumulative loans from the Fed. (See our report last year: Mainstream Media Has Morphed from Battling the Fed in Court in 2008 to Groveling at its Feet Today.) But because Congress failed to restore the Glass-Steagall Act after the 2008 financial crash – the worst since the Great Depression – the Fed was back to secretly bailing out the trading units of the behemoth depository banks in September 2019. Mainstream media – across the board – censored this critical story. See our report: There’s a News Blackout on the Fed’s Naming of the Banks that Got Its Emergency Repo Loans; Some Journalists Appear to Be Under Gag Orders. That censorship allowed Congress to kick the can down the road, leading to this even greater Banking Crisis 3.0 today. Related Articles: Secretary Yellen, We’ve Got a “Staggering” Problem: New Report Shows Foreign Banks Have Secret Derivative Debt that Is “10 Times their Capital” Evidence Grows that Crypto and Federally-Insured Banks Are a Combustible Mixture Casino Banking: Wall Street Mega Banks Traded More in their Federally-Insured Bank than the Total for their Bank Holding Company Shhh! Don’t Tell the Fed or Mainstream Media that Systemic Contagion at Wall Street Banks Is Already Here Another Dangerous Virus Hits the U.S. – Wall Street Bank Contagion Wall Street Banks Tank Yesterday as Contagion Threat Grows Contagion – What the Next Wall Street Crisis Will Look Like Add 4,281 Hedge Fund Clients to What Makes JPMorgan Chase the Riskiest Mega Bank in the U.S. New Study: Wall Street Banks Are Doubling Down on Risk by Selling Credit Default Swaps on their Risky Derivatives Counterparties Internal Charts Show Treasury Agency Assigned to Measure Risk in U.S. Markets Slept through the Repo Crisis of 2019 and the Fed’s $19.87 Trillion Bailout The Fed Has Misled the Public about the “Strength” of the Wall Street Mega Banks: This Chart Shows the True Picture An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks

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Perry Metzger in bed with CIA station-chief, Puerto Rico
by professor rat 15 Mar '23

15 Mar '23

Perry E. Metzger @perrymetzger · 6h There's only one reasonable answer. Quote Tweet Ryan Lackey @octal · 12h <<< Reposts not mole-hunts for Satoshi-suspect DAVID MOLNAR

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Identity politics threat to cypherpunks
by professor rat 15 Mar '23

15 Mar '23

I missed that bit where Perry left his own list after a conversation with Mong Ambiguous as is - but now we all know where P's been recently its good if he censors his own list: yes? Or at least orthogonal to us. As for Bruce allmighty - I put out an APster deadpool on him 20 years ago. Anyone is welcome to contribute. GRAMPS " actual libertarian voluntaryism anarchism " sounds like a redundancy or worse - a crude, stupid and unhygienic attempt to give mouth-to-arse resuscitation to the rotting corpse of John Galton. Randite, Paultard, Austro-libertarian, Gold Krugerrand Bow-Tie Ancap morons go fuck yourselves. I have no ax to grind with Matt Blaze - yet. I am watching you though Matt. Choose wisely. Bryan Bishop @kanzure Mar 12 "cypherpunks write code" was the motto of the cypherpunks precisely because not enough "cypherpunks" were actually writing code. . . ." This moron is so dumb its a wonder he can breathe. Read the fucking archives, moron. Rightwing stinktank Eudoxa mentioned died a couple of years before Mongo. When are you going to join your ideological brethren Gramps? Your brain has already passed.

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Cryptocurrency: Europe Data Act Requires Kill Switches on Smart Contracts
by grarpamp 15 Mar '23

15 Mar '23

EuroPols just earned themselves universal idiocy and condemnation from crypto... https://cointelegraph.com/news/europarliament-approves-data-act-that-requir… [–]Bucksaway03Platinum | QC: CC 318 | CRO 5 13 points an hour ago "The smart contract shall include internal functions which can reset or instruct the contract to stop or interrupt the operation" Ie. Putting the centralisation back into decentralisation permalink embed save report reply [–]cheeruphumanityPlatinum|QC:CC653,DOGE205,r/CCs.75|r/CMS7|Futurology16 6 points an hour ago Who would use a dapp if the devs could steal your money anytime? We need to vote in better people. permalink embed save parent report reply [–]ablablababla 3 points an hour ago How will they even implement that? That seems difficult to enforce permalink embed save parent report reply [–]arcalusPlatinum | QC: CC 182 5 points 58 minutes ago Wouldn’t be that hard to enforce if the coin is registered on any exchange. Then they can audit the code of the most relevant projects, thereby eliminating any who don’t meet the criteria. permalink embed save parent report reply [–]timbulance 2 points an hour ago Yeah I don’t think they fully understand permalink embed save parent report reply [–]Bucksaway03Platinum | QC: CC 318 | CRO 5 1 point an hour ago Poorly by giving someone the keys to the kingdom permalink embed save parent report reply [–]AESTHTKPlatinum | QC: CC 841, ETH 369 | MANA 8 2 points 53 minutes ago Internal to what 😅 permalink embed save parent report reply [–]FrogmangyTin | CC critic 2 points 53 minutes ago So the goverment wants to be able to rug pull the coin themself permalink embed save parent report reply [–]OfulinacPlatinum | QC: CC 32 4 points an hour ago Kill switches are a dangerous madness permalink embed save report reply [–]AnimeFlamingo 5 points an hour ago I’d like to know how this works technically, is it like a proxy contract? If so, what’s the difference? permalink embed save report reply [–]JustreadingcommentPlatinum | QC: CC 255 9 points an hour ago Aka dumb contracts permalink embed save report reply [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 3 points an hour ago Centralised shit contract permalink embed save parent report reply [–]ovettaTin 1 point an hour ago Mutable permalink embed save parent report reply [–]JustreadingcommentPlatinum | QC: CC 255 2 points an hour ago What! How does that work permalink embed save report reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 2 points an hour ago Is that even possible? Like does it work from a logistical standpoint? permalink embed save report reply [–]cheeruphumanityPlatinum|QC:CC653,DOGE205,r/CCs.75|r/CMS7|Futurology16 5 points an hour ago It might be possible to program for individual apps but it would make them unusable. Nobody would put their money in a dapp that could steal the money anytime. permalink embed save parent report reply [–]RocketMoonShotPlatinum | QC: CC 16 | Accounting 121 1 point an hour ago It's like a trap door. permalink embed save parent report reply [–]Nagax456Tin 2 points an hour ago Lol whats the point of a contract? permalink embed save report reply [–]Titozar13Platinum | QC: CC 42 2 points an hour ago That's against decentralization and is what governments want. permalink embed save report reply [–]StonedRexPlatinum | QC: CC 181 2 points an hour ago Not smart contract anymore permalink embed save report reply [–]timbulance 1 point an hour ago Dumb contracts permalink embed save parent report reply [–]RocketMoonShotPlatinum | QC: CC 16 | Accounting 121 2 points an hour ago Killswitch Engage permalink embed save report reply [–]DadofHomeSilver | QC: CC 248, ETH 16 | LRC 39 | TraderSubs 14 2 points an hour ago 2 choices : (1)Parliament is extremely ignorant of anything computer related , and just incompetent and reactionary .. (2) they are purposely malicious and undermining the space . permalink embed save report reply [–]Shiratori-3Bronze | QC: CC 20 | CRO 43 | ExchSubs 43 2 points an hour ago So they want a rug pull mechanism built in? Doesn't sound like it will end too well .. 😅 permalink embed save report reply [–]BrocoliAssassinSilver | QC: BTC 218, CC 105 | CelsiusNet. 25 2 points an hour ago Awesome, sounds like a horrible idea! permalink embed save report reply [–]pizza-chitfiat miner and burner 2 points an hour ago Who the fuck would use a smart contract that can be altered?? permalink embed save report reply [–]Hamster823 - 4 years account age. 10 - 50 comment karma. 2 points 43 minutes ago Isn't this actually extremely bad news for any smart contract crypto? Centralisation in all decentralised smart contracts, who would trust a Dapp where the developer can interrupt or kill switch the smart contract? I heard someone say that this could class smart contract coins as security's as they will have a centralised governance Smart contracts aren't region specific so abiding by Euro law means kill switch/interruption would have to be worldwide? permalink embed save report reply [–]AESTHTKPlatinum | QC: CC 841, ETH 369 | MANA 8 2 points 18 minutes ago Smart contracts must be printed out, and signed by both parties. permalink embed save report reply [–]bwoksa 2 points an hour ago So that means more scam coins and rugpulls ? permalink embed save report reply [–]Ball_bearingTin | Superstonk 57 2 points an hour ago They are just complying with the law. permalink embed save parent report reply [–]coinfeeds-botApproved CC Bot 1 point an hour ago tldr; The European Parliament passed the Data Act on March 14. The bill was intended to "boost innovation by removing barriers obstructing access to industrial data." Among its provisions is an article that would require smart contracts to be alterable. The act also granted smart contracts equal protection with other forms of contract. This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news here. permalink embed save report reply [–]cheeruphumanityPlatinum|QC:CC653,DOGE205,r/CCs.75|r/CMS7|Futurology16 3 points an hour ago A smart contract is not a contract dummies. It's an app. We need better expressions in the crypto space. Not crypto currencies, crypto assets. Not smart contracts, dapps. permalink embed save parent report reply [–]Whole_Visible 1 point an hour ago Lol. All that hype about crypto startups looking to the EU because of regulatory uncertainty in the US permalink embed save report reply [–]TrokarilozTin 1 point an hour ago Ethereum Classic and others. Time to shine permalink embed save report reply [–]AutisticGayBear69Tin | r/WSB 15 1 point an hour ago How do they plan on enforcing this? permalink embed save report reply [–]flawlessfear1Tin 1 point an hour ago So contracts nobody will want part of. Cool ill stick to bitcoin permalink embed save report reply [–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 1 point 12 minutes ago That doesn’t sound smart permalink embed save report reply

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Cryptocurrency: Mnemonics Often Forgotten, Hardware Wallets Die And Get Cracked
by grarpamp 15 Mar '23

15 Mar '23

The crypto community is accustomed to using mnemonic phrases and sees them as essential. We identified this as an issue from the very outset, as it raises the barrier to entry for beginners and heightens the risk of losing cryptocurrency. https://cointelegraph.com/news/how-a-new-cold-wallet-model-may-solve-the-mn… https:/tangem.com/ Memorized strings, of any type, are rarely up to 256-bit equivalency, and are easily forgotten. Hardware dies, and gets exploited. Simple brain patterns, as secret lookup keys into much deeper bit-equivalent spaces, serve and survive better.

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