February 2024 - cypherpunks - lists.cpunks.org

Adressing quantum computer threatens crypto FUD spread by total fucking morons
by pro2rat＠yahoo.com.au 06 Feb '24

06 Feb '24

Quantum encryption is the current gold standard. As Moores Law applies the expense of this will fall. Its also reasonable to expect more quantum computers online means more quantum encryption becomes standard. So far the rise of quantum looks exceedingly promising for global cryptoanarchy. Yes? And with the rise of our chosen ideology comes its cybernetic which is APster. Bad actors risk their lives spreading ordinary peoples data decrypted by any means. Cypherpunks promise privacy for the poor and transparency for the powerful. Always have. Always will. Propaganda for the powerful spreaders are also bad actors. Even just being an obscurantist, obfuscatory reactionary is increasingly dangerous. Why there are active deadpools on Agents Semich and Grarpamps. Viva la revolution! Btw, theres a good chance the known universe works like quantum PKI. Seth Loyd 2007. In that case our political economy increasingly borrows from quantum gravity. Chance favors the prepared mind. Welcome to the revolution

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PayPal Stock (NASDAQ:PYPL): The Underdog in the AI Race
by Gunnar Larson 06 Feb '24

06 Feb '24

What about Palantir's AI race? PayPal, I thought were the same people, FBI? Gunnar --- https://finance.yahoo.com/news/paypal-stock-nasdaq-pypl-underdog-073633706.… Shares of ailing fintech firm PayPal (NASDAQ:PYPL) failed to impress (or “shock the world”) when it revealed its artificial intelligence (AI) plans as part of its recent announcement. Undoubtedly, PayPal is very much in the AI race after the not-so-surprising announcements that were quick to be shot down by analysts and investors alike. The firm is still a legit underdog in the so-called AI race, even if its recent AI-driven features failed to generate hype right off the bat.

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METAVERTU II Diamond Himalaya White Alligator Web3 AI Phone
by Gunnar Larson 06 Feb '24

06 Feb '24

I have to get a new phone. Gunnar --- https://vertu.com/products/copy-of-metavertu-2nd-generation-luxury-custom-m…

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Reporters Who Ask Tough Questions at Fed Press Conferences Have a Habit of Being Disappeared from the Room
by Gunnar Larson 06 Feb '24

06 Feb '24

https://wallstreetonparade.com/2024/02/reporters-who-ask-tough-questions-at… By Pam Martens and Russ Martens: February 6, 2024 ~ Fed Chair Jerome Powell and Michelle Smith Prepare for 60 Minutes Interview on Sunday, February 4, 2024 Fed Chair Jerome Powell and Michelle Smith Walk Together During 60 Minutes Interview on Sunday, February 4, 2024 (Screenshot from 60 Minutes Program) The Fed’s longstanding relationship with reporters who are allowed to attend the Fed Chair’s press conferences is akin to a master class in Stockholm Syndrome. Your survival in this room depends on your subservience to intellectual capture by the woman who runs this room with the precision of a heat-seeking missile. A growing number of Fed watchers believe that it is Michelle Smith, the Director of Communications at the Fed for the past 23 years, who is quietly cracking the whip. Smith is now such a critical part of policing every word spoken to the public by or about the Fed that she appeared walking beside Fed Chair Powell in one of his rare interviews on 60 Minutes this past Sunday. Consider the following cases of disappeared reporters from the Fed’s press conferences. On September 7, 2021, reporter Michael Derby of the Wall Street Journal (paywall) broke the story about then Dallas Fed President Robert Kaplan making million dollar plus stock trades while sitting on inside information from the Fed in 2020, a year of unprecedented market interventions at the Fed as a result of the economic dislocations from the COVID pandemic. At the next Fed press conference with Fed Chair Jerome Powell on September 22, Derby had the following exchange with Powell: DERBY: Thank you for taking my question. You noted earlier in the press conference that you weren’t aware of the trading activity of the Boston and Dallas Fed Bank presidents. As you know, those, all 12 regional Fed Bank presidents, just went through the renomination process earlier this year. And Governor Brainard described it as a rigorous process at the time. So I want to know, did anybody know—did anybody at the Board level know about the stock trading activity? And, going forward, do you still have confidence in the Dallas and Boston Fed Bank presidents to do their job? POWELL: So these, I don’t need to tell you, we file, people file these reports annually. And I think they were just quite recently filed for 2020. So I don’t have any reason to think people at the Board would have known about particular trading that’s going on. They will see that—there are people at the Fed who see the, you know, see the trading reports when they’re, you know, when they’re annually filed. You know, in terms of having confidence and that sort of thing, I think no one is happy, no one on the FOMC is happy to be in this situation, to be having these questions raised. It’s something we take very, very seriously. This is an important moment for the Fed, and I’m determined that we will rise to the moment and handle it in ways that will stand up over time. I’m very reluctant to get ahead of the process and speculate, though, about different things. And, you know, when we have things to announce, we’ll go ahead and do that, but that’s really what I have for today. DERBY: One small follow-up. I mean, I know that you didn’t have the 2020 forms in hand, but you would have had past-year forms in hand. And at least in the case of, like, the Dallas disclosure forms, similar trading activity was shown in years past. So that, in theory, could have been something that came up in the renomination process. Powell talked in circles around Derby’s last question. Derby’s questions were tame compared to our take on the matter. (See Robert Kaplan Was Trading Like a Hedge Fund Kingpin for Five Years while President of the Dallas Fed; a Dozen Legal Safeguards Failed to Stop Him.) Nonetheless, by the December 15, 2021 Fed press conference, Michelle Smith took questions from 12 different reporters – many from much smaller news outlets – before she called on Derby. By the March 16, 2022 Fed press conference, Derby had either completely disappeared from the room or was simply not being called on for questions. That is, his name does not appear in the official transcript of the press conference as do the other reporters who were called on. At the time Derby broke the Fed trading scandal in September of 2021 (which went on to taint multiple Fed officials), he had worked at the Wall Street Journal for 21 years. One year after he broke that story and asked probing questions at the Fed’s press conference, Derby no longer had a job at the Journal. He had moved on to Reuters. Despite still covering the Federal Reserve for Reuters, Derby’s name no longer appears on the transcript of Fed press conferences, indicating he is either not in the room or is not being called on for questions. Then there is the case of Craig Torres, Federal Reserve and Economic reporter for Bloomberg News. At the January 26, 2022 Powell press conference, Torres waded deeper into the treacherous trading scandal waters. The exchange went as follows: TORRES: Chair Powell, I have a quick administrative question. You know, Robert Kaplan’s disclosure of his securities transactions: In a couple of months, Chair Powell, or maybe sooner, you and I will file our tax returns. And we’ll list transactions and all kinds of things. And next to those transactions we’ll put dates. And Bloomberg asked for the dates of Mr. Kaplan’s transactions. The Dallas Fed is not giving us the dates. And I don’t see why this is a matter for the Inspector General or anybody else. I mean, why can’t he give us the dates? Will you help us get the dates of those transactions? Thanks. POWELL: I know you’ve been all over this issue with my colleagues, Craig, on the issue of information. We don’t have that information at the Board. And, you know, I had — I asked the Inspector General to do an investigation, and that is out of my hands. I’m playing no role in it. I seek to play no role in it. And I don’t — I really — I can’t help you here today on this issue. And I’m sorry I can’t. Torres was explaining to Powell that there is no reason for the dates of Kaplan’s trades to be withheld from the public because of any ongoing investigation because that information, per the Fed’s disclosure rules, was previously legally owed to the American people and Kaplan didn’t provide it as legally required. When Kaplan made his multiple “over $1 million” trades in bets on which way the stock market would move using S&P 500 futures – during the year of 2020 when he was both sitting as a voting member of the Fed’s FOMC as well as making market-moving comments himself to the media – he was legally obligated to report the dates of each individual buy and sell on the form provided to him by the Dallas Fed. Every other regional Fed Bank President listed the dates of the buys and sells. But Kaplan simply wrote the word “multiple” where the date was required. (See Kaplan’s financial disclosure forms from 2015 through 2020 here.) By eliminating the dates from his financial disclosure forms, it was impossible to see if Kaplan was trading during Fed blackout periods and if he was shorting the market and then the dates when he covered his shorts. Kaplan is a sophisticated investor who spent 22 years at Goldman Sachs, rising to the rank of Vice Chairman. He clearly knew, for five solid years, that he was not providing the dates of his trades as required by the mandated financial disclosure form. On January 18 of this year, the Fed’s Inspector General cleared Kaplan as follows: “we did not find that his trading activities violated laws, rules, regulations, or policies related to trading activities as investigated by our office.” Kaplan has been making appearances on Fox Business news, giving advice on what the Fed should be doing, while Torres seems to have disappeared from the Fed press conferences. Torres is still writing about the Fed for Bloomberg News but we have not seen his name in a Fed press conference transcript since September of last year. There was also the 2015 case of the Wall Street Journal reporter, Pedro da Costa, asking Fed Chair Janet Yellen an uncomfortable question about Fed leaks of confidential information and finding himself without a job. Intimidating the press to toe the line on asking acceptable questions and writing acceptable articles is not compatible with a free society. See our reports: 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; and Mainstream Media Has Morphed from Battling the Fed in Court in 2008 to Groveling at its Feet Today. A Gallup poll released in May of last year found that just 36 percent of those Americans surveyed said they had either a “great deal” or a “fair amount” of confidence in Fed Chair Powell. Clearly, Michelle Smith’s endeavors to colonize the minds of a free press are not working out as planned.

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Ripple Must Hand Over Financial Info As SEC Seeks Remedies
by Gunnar Larson 06 Feb '24

06 Feb '24

Subject: Ripple Must Hand Over Financial Info As SEC Seeks Remedies Ripple Must Hand Over Financial Info As SEC Seeks Remedies <https://www.law360.com/capitalmarkets/articles/1794219?nl_pk=abe82add-2a33-…> By Aislinn Keely Ripple Labs must hand over financial information about the institutional sales of its XRP token to the U.S. Securities and Exchange Commission after a magistrate judge sided with the regulator's claims that it needs the details to formulate its remedies request in the yearslong registration case. Order attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1794219?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1794219?nl_pk=abe82add-2a33-…>

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Scientific American: Will Quantum Computers Upend Cryptography as We Know It?
by jdb10987＠yahoo.com 06 Feb '24

06 Feb '24

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NYCB’s Tense Talks With Watchdog Led to Moves That Rocked Market
by Gunnar Larson 06 Feb '24

06 Feb '24

What is Bank.org supposed to say? Are there any Signature Bank recusal records? Gunnar --- NYCB’s Tense Talks With Watchdog Led to Moves That Rocked Market https://www.bloomberg.com/news/articles/2024-02-05/nycb-s-tense-talks-with-… Mounting pressure from a top US watchdog led to New York Community Bancorp’s surprise decision to slash its dividend and stockpile cash in case commercial real estate loans go bad, according to people with direct knowledge of the matter.

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Xi to Discuss China Stocks With Regulators as Rescue Bets Build
by Gunnar Larson 06 Feb '24

06 Feb '24

Xi to Discuss China Stocks With Regulators as Rescue Bets Build https://www.bloomberg.com/news/articles/2024-02-06/xi-set-to-discuss-china-… Anticipation is mounting for more forceful Chinese government efforts to end the nation’s stock rout, with regulators planning to brief President Xi Jinping on the market as soon as Tuesday. Gunnar

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Coinbase Directors Must Face Del. Insider Trading Suit
by Gunnar Larson 06 Feb '24

06 Feb '24

There are two RICOs happening in New York right now. ---- Subject: Coinbase Directors Must Face Del. Insider Trading Suit Coinbase Directors Must Face Del. Insider Trading Suit <https://www.law360.com/fintech/articles/1793309?nl_pk=d2b3e7ef-ab62-4a62-80…> By Jeff Montgomery In a decision that sharpens the contours of state insider trading and unjust enrichment claims, Delaware's chancellor has refused to dismiss a stockholder derivative suit against Coinbase Global Inc. directors and officers who saved $1.09 billion by selling $2.9 billion in shares just ahead of a stock plunge. Memorandum attached | Read full article » <https://www.law360.com/fintech/articles/1793309?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1793309?nl_pk=d2b3e7ef-ab62-4a62-80…>

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FBI Director Christopher Wray testifies before the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party in Washington, D.C., on January 31, 2024.
by Gunnar Larson 06 Feb '24

06 Feb '24

FBI Director Christopher Wray testifies before the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party in Washington, D.C., on January 31, 2024. “There has been far too little public focus on the fact that PRC [People’s Republic of China] hackers are targeting our critical infrastructure—our water treatment plants, our electrical grid, our oil and natural gas pipelines, our transportation systems. And the risk that poses to every American requires our attention now.” FBI Director Christopher Wray https://www.fbi.gov/news/stories/china-s-hackers-have-entire-nation-in-thei…

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