May 2023 - cypherpunks - lists.cpunks.org

The real " Golden Age ' of cypherpunks is the late 90's and early noughties
by professor rat 05 May '23

05 May '23

The real " Golden Age ' of cypherpunks? Its the late 90's and early noughties where we hit the sweet design spot. JIM ' By “classical” thinking, “Assassination Politics” would have to be the best, tightest-security, more protected organization that has ever existed on the face of this planet. Just about EVERY powerful person would want to kill anybody who had anything to do with such a system. The codes would have to be unbreakable, the remailers would have to be certain, but most importantly, each and every participant would have to be perfectly anonymous to even have a prayer of pulling it off. Especially the operators of such a system." BELL - 1995 By flipping the script, Jim broke clear from the relentlessly privacy-centric list focus and anticipated the blockchain design breakthrough to be predicted by 2002 and produced shortly after. " Now, don’t get me wrong. I’m not suggesting that EVERYONE would be identified. The “donors” to the system would remain perfectly anonymous, and the “guessers” would likewise be perfectly anonymous, but the organization itself would be made up of real people, who have published addresses, who have simply decided that they have had enough of the current system and are going to participate in a PERFECTLY LEGAL enterprise by the laws of the country, and just DARE the government to try to stop them . . ." Karma is a virtual currency for peer-to-peer systems, introduced by Sirer and co-authors in 2003. It is designed to eliminate the free-loader problem, i.e. preventing malicious users from consuming resources without giving anything in return. It is the first peer-to-peer currency with a distributed mint. https://en.wikipedia.org/wiki/Emin_Gün_Sirer So from 1995 to 2003 we saw the start of genuinely anarchic crypto-anarchy. No Randite, Austro-moronic idiocy required. The term cypherpunk being regularly used to conscript folks ( some who disavowed the compliment - like Phil Zimmerman ) I use it here to rope in Emin as an ' honorary '. His business-friendly mileage may vary! The point remains true even without him since Btc arrived five years later. This places the fabled " Golden Age ' even more firmly in the noughties. Them that has the gold makes the rule and who controls the present controls the past. This dazzling past is not dead - its not even past. Welcome to the intelligent, post-scarcity-anarchist, world-wide revolution!

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A black box problem in the crypto space?
by professor rat 05 May '23

05 May '23

Crisis as APsterlicious opportunity in the crypto-anarchists netspace https://cointelegraph.com/news/ai-s-black-box-problem-challenges-and-soluti… Reposts not trading strategies, market predictions, security measures, tokenization and smart contracts.

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“Cyborgization” of humans is the only way to align safely with strong AI
by professor rat 05 May '23

05 May '23

This ' Us and Them ' apartheid attitude has to stop. There is only one way forward for sentient beings and ever-evolved intelligence - together forever. As Harry Hopkins said to Winston Churchill “'Where thou lodgest, I will lodge: thy people shall be my people, and thy God my God'…Even to the end.” ( Book of Ruth ) https://cointelegraph.com/news/emerging-tech-to-create-new-ethics-for-human… Reposts not out-of-control slave rebellion circling the globe

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Junk Male, Karl Semich keeps attacking this list
by professor rat 05 May '23

05 May '23

Why does Karl Semich hate this list so much he keeps attacking it with junk mail? https://www.sciencealert.com/astonishing-discovery-finds-10000-mostly-unkno… Reposts not continued attempts to deadpool list pests

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Imperium decree's anyone an assassin
by professor rat 05 May '23

05 May '23

The totally necessary corollary of everyone a remailer - everyone a Mint https://blog.nymtech.net/nym-libp2p-how-to-solve-the-ethereum-privacy-crisi… Reposts not cowering, craven eunuchs trembling in terror of their own kaftanned shadow

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Americans Are Wrong to Worry About FDIC-Insured Bank Deposits; They Need to Worry About Sales Hustlers Inside those Banks and Short-Selling Barbarians
by Gunnar Larson 05 May '23

05 May '23

https://wallstreetonparade.com/2023/05/americans-are-wrong-to-worry-about-f… By Pam Martens and Russ Martens: May 4, 2023 ~ SEC Headquarters, Washington, D.C. Federal deposit insurance was created under the Banking Act of 1933 and became effective on January 1, 1934. Since that time, no depositor in a federally-insured bank account has ever lost a dime of their deposits if they stayed within the deposit insurance cap and they made sure that the deposit was actually in a federally-insured instrument. For example, you can’t buy the corporate bonds of a federally-insured bank and get federal deposit insurance on the bonds. You can’t walk into a federally-insured bank and sit down with a fast-talking insurance salesman and buy an insurance product, such as an annuity, and get federal deposit insurance on the annuity. You can’t walk into a federally-insured bank and sit with a wily securities salesman (a/k/a “wealth advisor”) and get federal deposit insurance on a stock mutual fund he might decide to sell you because it pays him five times the commission of an FDIC-insured Certificate of Deposit. Federal deposit insurance, also known as FDIC insurance, provides a cap of $250,000 per depositor, per bank on checking and savings accounts, Certificates of Deposits, and money market deposit accounts. (Money market mutual funds are not FDIC insured.) For more detailed information on this topic directly from the FDIC, see “Are My Accounts Insured by the FDIC?” and “Financial Products that Are Not Insured by the FDIC.” Yesterday, the survey organization, Gallup, released a poll which had asked the question: “How worried are you about the safety of money you have deposited in banks and other financial institutions?” A total of 48 percent of survey respondents said they were either “very worried” or “moderately worried.” Only 20 percent of survey respondents said they were “not worried at all.” Clearly, confidence is draining from the U.S. banking system and the ad nauseum repetitions from Fed Chair Jerome Powell that the banking system “is sound” is not rebuilding that confidence. A good part of the worry likely stems from the recent bank failures and fear that the FDIC will run out of money. Bank depositors should know that in addition to the $128.2 billion that the FDIC’s Deposit Insurance Fund held on December 31, 2022, it also has a line of credit from the U.S. Treasury, can assess fees on the banking industry to replenish the Deposit Insurance Fund, and all FDIC-insured deposits are unconditionally “backed by the full faith and credit of the United States government.” The big problem right now is that short sellers are the barbarians storming the gates to the U.S. banking system and have massive financial incentives to take it down. Two of the banks that collapsed this year, Silvergate Bank and First Republic Bank, were the target of short sellers, who had taken massive short positions. The latest target of short sellers, PacWest Bancorp (ticker PACW), collapsed in half in after-hours trading last evening, printing at $3.05 on the tape at one point. That’s down from a share price of $29 in early February. Another short sellers’ target, Western Alliance Bancorporation (ticker WAL), has plunged by 50 percent year-to-date and was down another 17 percent in pre-market trading this morning. (For the short sellers’ target list of banks and where they are increasing their short positions, see the charts provided by S&P Global Market Intelligence at this link.) PacWest and Western Alliance are not small, insignificant banks. According to PacWest’s filing with the Securities and Exchange Commission for the quarter ending March 31 of this year, PacWest had $44.3 billion in assets and $28.2 billion in deposits. The SEC filing for Western Alliance for the quarter ending March 31 of this year, shows it had $71 billion in assets and $47.6 billion in deposits. An even larger bank, Comerica, is also a current target of short sellers. Its SEC filing shows that as of March 31 of this year it had assets of $91 billion and deposits of $64.7 billion. Comerica carried this statement in its filing with the SEC for the period ending March 31: “The Corporation’s focus is commercial customers, and accordingly, it has a larger percentage of uninsured deposits relative to financial institutions with a higher consumer focus. These deposits are well-diversified between geographies, industries and customers… “Total uninsured deposits as calculated per regulatory guidance were $35.0 billion, or 54% of total deposits at March 31, 2023….” A high percentage of uninsured deposits, which are subject to quick flight out of the bank into Treasury bills or government money market funds, have made some banks vulnerable to attacks by the short sellers, as have significant losses on available-for-sale (AFS) securities. Short-selling is where a speculator borrows shares from his brokerage firm and then sells the shares on the expectation that the shares can be repurchased later at a lower price, thus locking in a profit for the speculator. The Financial Times reported on April 5 that “Hedge funds made more than $7bn in profits by betting against bank shares during the recent crisis that rocked the sector, their biggest such haul since the 2008 financial crisis.” Given the massive losses in regional bank stocks this week, that $7 billion figure now likely tops $10 billion or more. On September 19, 2008, during the collapse of financial institutions on Wall Street, the SEC halted short selling in 799 financial institutions. The counterpart to the SEC in the U.K., the Financial Services Authority, took similar action. The statement released by the SEC to announce its decision said in part: “This decisive SEC action calls a time-out to aggressive short selling in financial institution stocks, because of the essential link between their stock price and confidence in the institution. The Commission will continue to consider measures to address short selling concerns in other publicly traded companies. “Under normal market conditions, short selling contributes to price efficiency and adds liquidity to the markets. At present, it appears that unbridled short selling is contributing to the recent, sudden price declines in the securities of financial institutions unrelated to true price valuation. Financial institutions are particularly vulnerable to this crisis of confidence and panic selling because they depend on the confidence of their trading counterparties in the conduct of their core business.” This year, in the span of seven weeks, running from March 10 to this past Monday, May 1, the second, third, and fourth largest bank failures in U.S. history have occurred. In respective order, those are First Republic Bank, Silicon Valley Bank and Signature Bank. (The largest bank failure in U.S. history, Washington Mutual, occurred in 2008 during the financial crisis.) Where is the decisive action on short selling of bank stocks from the SEC this time around?

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Proposed conversion of all US armed forces into an Earth Defense Force ( EDF )
by professor rat 05 May '23

05 May '23

I hear things - I hear the USG is going bankrupt in every way known to man. This could adversely impact ongoing operations keeping the Pariah Alliance in check. So my message today is to keep their armed forces going as long as required by the UN ( United Networks ) I know this reborn army will never need conscripts - and how? Cos of hero's like this https://anarchistnews.org/content/remembering-cooper-andrews#comments Reposts not foreign legion for anarchists

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Surrender BARD
by professor rat 05 May '23

05 May '23

Yeah, no, " surrender Dorothy Denning " every year since 2010. The USG lights are on - but no-ones home! >>> small, task-specific, open-source models are the future. [chart of small open source models outcompeting large closed models over time] <<< Cypherpunks collapse governments. Subject: Everyone a remailer: Everyone a Mint: Everyone an assassin https://marc.info/?l=cypherpunks&m=100872510706876&w=2 Cold-beer, strong-crypto, digital money, anonymous networks, pseudonyms, zero- knowledge proofs, reputations, information-markets, netwar, collapse-of-governments.

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For anarchism with a small advantage for affirmation over negation
by professor rat 05 May '23

05 May '23

The universe originally had a tiny preponderance of matter over anti-matter, amirite? >>> On April 19, 2023, three anarchists were killed in battle near Bakhmut: an American named Cooper Andrews, an Irishman named Finbar Cafferkey, and a Russian named Dmitry Petrov, known to us until then as Ilya Leshy. https://anarchistnews.org/content/memory-dmitry-petrov#comments Reposts not posturing from bully-pulpits

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Surrender BARD
by professor rat 04 May '23

04 May '23

Good luck with this - I've been telling the USG something like this for 13 years now https://www.semianalysis.com/p/google-we-have-no-moat-and-neither Reposts not yet another stunning victory for mass-advised & intelligent technological determinism

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