Tuesday, January 31, 2017

Warm up to the singularity

Atlantic: Look around you, people of the internet. The bots. They’re everywhere.Most website visitors aren’t humans, but are instead bots—or, programs built to do automated tasks. They are the worker bees of the internet, and also the henchmen. Some bots help refresh your Facebook feed or figure out how to rank Google search results; other bots impersonate humans and carry out devastating DDoS attacks.Overall, bots—good and bad—are responsible for 52 percent of web traffic, according to a new report by the security firm Imperva, which issues an annual assessment of bot activity online. The 52-percent stat is significant because it represents a tip of the scales since last year’s report, which found human traffic had overtaken bot traffic for the first time since at least 2012, when Imperva began tracking bot activity online. Now, the latest survey, which is based on an analysis of nearly 17 billion website visits from across 100,000 domains, shows bots are back on top. Not only that, but harmful bots have the edge over helper bots, which were responsible for 29 percent and 23 percent of all web traffic, respectively.
We gonna give the bots a pricing surface and nothing in the universe will ever seem smarter than the gadget in your hand. 

I was about to mention the V22

The intent of the raid was to disrupt al-Qaida cell in the Arabian Peninsula that was plotting attacks on the U.S. and its allies. Beginning the operation, a Marine Corps MV-22 Osprey made a “hard landing” near the staging area, injuring three U.S. Navy SEALs in transit to the operation. The downed aircraft was later destroyed by a U.S. airstrike, likely to protect the proprietary technology within it. The Pentagon clarified that the helicopter was not downed by enemy fire, but went down in a “separate but unrelated incident.”
Read more: http://dailycaller.com/2017/01/31/almost-everything-went-wrong-in-deadly-seal-team-al-qaida-raid/#ixzz4XPWI73ov

The air craft is designed ti kill american GIs, look at the number killed so far. V22 program was a clear, unnecessary risk from the outset. But, the calculation goes, we use it once, kill a bunch, then fake it for a decade, pass the costs on to the  little browns.  But the little browns have search, they can name the exact bonehead senator who dunnit, their state, then kick them out of the union. Their voters declared cowardly, tea party dodoheads.

Jerry Brown to grant US citizenship to the entire world population

California Considering Legislation To Become First Ever Sanctuary State
I will wear a dress and sell property to wealthy Asians.

Brad on the helicopter

Milken: So, whatever happened to the no-such-thing-as-a-free-lunch adage? A large enough lunch (helicopter drop) would indeed create inflation if the newly created purchasing power exceeded the capacity of the economy to create the extra goods and services demanded.
When Nixon flew, the dollars shower gold bugs. And, yes  indeed we had inflation, for 10 years. The Trump flight will be less bumpy.

How come legislatures are dumb about copter?  

copter is currency risk, it is real. Wealthy voters pay senators for currency insurance, the senators rig the game because voting becomes mal-proportioned.  So, along with insuring currency risk, the senators charge the little browns a 2.5^ ATM fee, we agree to give this to wealthy people because we are little browns and do not maintain proportional voting.

If the senators allow currency risk to  float, then we would be talking about  two money losing dunces, McCain and Schumer.  Better to just lie to the little browns.

Bernanke is still a dunce

Bernanke, who, unlike a majority of policy economists who have spoken out on the subject, favors the use of helicopter money in some circumstances, would directly address the power-independence tension. He would formally assign the Fed the authority to propose the timing and magnitude of money-financed fiscal policy, while giving Congress and the White House the power to determine how the stimulus would be spent – or to veto the initiative.
No, under any helicopter plan devised by MIT Basket Weavers we get the same problem, hey want an asset and liability because MIT idiots cannot do the math unless government provides a free variable.
Because the senate is so confused on the issue, I will up the price on the Redneck System, super delux three color maximum entropy trading pit.  Designed to engineer bond losses for a governments like ares, composed of horrible idiot senators.  Losses ate fully maximum entropy, thus unhedgable.  Losses translate optimally into inflation, without bias, and the identity of the bozo senators who caused the trillion dollar losses are secret, except for McCain and Schumer.

The right of judicial divinity

Here we have the California Supreme Court issuing a ruling about some legislation.  
Note the legislation. issue some ahency the right to issue rules and regulations, subject to penalty of law, I might add.

What rules and regulations? 
Not stated really, except this is insurance regulation.  But it matters not, the right has been granted by the legislature, the voters agree, and this agency is free to  write rules and regulations all it wants.

CalWatch: The state Supreme Court, however, found that neither “the UIPA nor any other statute categorically limits the commissioner’s authority to issue the regulation. On the contrary: section 790.10 explicitly vests in the commissioner authority to issue ‘reasonable rules and regulations’ to administer the UIPA. Which is what the commissioner sought to do here.”

Good idea?   No, really stupid.  The little browns are better off praying for a miracle.  These are not all knowing Franciscan priests. The folks on these commissions are almost as ill prepared for the industry as are the voters,  There id no divinity, just all of us little Browns, and by pretending there is a divinity, we little browns make matters worse for ourselves.

Making it easy for the California Supremes

The understood rule from the Dills Act should have been:

The pension agreement in effect is the one negotiated by the union.  That was the major assumption in the Dill's, not that my pensions is guaranteed by Divinity, no, it is guaranteed by the union contract, which is term limited.

Application, according to the Dead Dill's is simple, did the government agency change your pension according to the current contract?  If the government agency and the unions negotiatef a different contract, limiting your previous pension, then your previous pension gets net present valued and you adopt the new pension. 

Do not cry to the courts for something your union agreed to, that is going too far.  The rest of us are forced, by law, to accept union edict, except union workers?  That is too far, why not just make all of us non-union folks wear five pound weight all day.

The California secession plot of 2014

I blogged about it in detail, even Obama commented.  

It was a plot hatched by John Perez of the CA legislature, and Nancy Pelosi to run on a political platform of union with Mexico, or greater California, however you name it.  Obamacare had the roll of getting our southern neighbors on the federal payroll, then give them the legal, illegal alienship right to vote twice, once in central america and once in California.  They would use their mandatory voter, photo ID to vote in one nation, and in California, unshow that same ID to vote here.

Obama publicly commented that it made no sense, California already vote Dem, its the union law out here. I think we need formal union approval to run a candidate, and the union rules specify Dems only.

But, I digress.  The plot had a couple of things wrong.  

1) We only want Baja California, Mexico can keep the rest.  Our founding fathers started there, and John C. Fremont should have lead the force down there instead of Stockton. Had he done so, we would have saved the Franciscan nation, avoided the civil war and survived as a people.  Instead, we got this huge fat Walrus in some Swamp wallowing about it its own sewage, emitting horrendous stenches.

2) It was friggen obvious that Texas was not going to pay for the welfare costs, especially medical, and us dumb little browns thought we could snooker them.
Jerry Brown drove the get away car.

Any way, that is why we have Trump, Pelosi's secession plot failed.

Dems declare federal bankruptcy

Democrats Boycott Confirmation Of Trump Nominees, Blocking Mnuchin, Price Votes

Schumer simply declared the situation hopeless and bond default to follow shortly.  Janet announced the supposed discovery of a different Magic Walrus, was her opinion was discounted.

No Ron Paul, Republican and Dem senators bankrupted the union

Zero Hedge: “The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future,” Paul stated. Going so far as to intimate the financial collapse will occur at least some time in the next two years Paul wrote, “It’s unavoidable, and even Donald Trump can’t stop it.”
Ron gives credit to the gold standard once in a while, but he and his family arer deep down, central banking socialists. 

He is right about one thing, the bankruptcy and bond defaults are coming.

Ned Ryerson busted as welfare bum

Trump treasury pick Mnuchin misled Senate on foreclosures, Ohio cases show

Trump is a paper tiger

Trump Slams "Astronomical" Drug Prices, Tells CEOs To "Get Prices Down"

The CEOs do not feel threatened because Trump and the Yawkers want their personal tax cuts.  Trump is, in fact, planning to run up the deficit and crash the economy.

What happened with Lockheed and the F-35? 

 Lockheed came to Trump and agreed to sell him the same pile of F-35 crap, which being useless will never be amortized.  But is is OK to defualt in bonds in America, as long as Trump's crew gets their tax cut.

The Trumpster is pure paper tiger and the world is figuring it out.  It is helicopter droppings all the way, and our foreign creditors the on the case.

The sandbox technology is not bogus.  It has the power to force default if the senators keep faking it.

Monday, January 30, 2017

We been there, done that

National  Review: Los Angeles — Liberals used to hate secession, the notion that states could leave the Union as they did before the Civil War because they didn’t agree with the policies of the federal government. But with Donald Trump’s election, many California liberals suddenly have warm words for a budding ballot initiative that has just begun collecting signatures in order to place secession, or “Calexit,” on the ballot. At the height of the tea-party movement, Texas governor Rick Perry merely hinted at the thought that Texas might react to President Obama’s executive overreach by reclaiming its one-time status as an independent republic. He was denounced as something akin to a traitor; critics lamented that he wanted to return Texas to the era of sharecroppers or Jim Crow. Now Dan Schnur, who teaches political communications at the University of Southern California, says “California is the new Texas,” with its elected officials promoting a “virtual secession.” The secessionists plan to take to the legislature, the courts, and the streets to resist Trump’s agenda. Never before have so many prominent Californians gotten into such a reactionary, defensive crouch. 
We have run out of options regarding the California issue.  Give Ca their 3 trillion share of the swamp debt and let them go.

See the problem? California wags the dog. Swamp debt machine breaks if Cal whips the dog one more time.

The Koch Brothers want their taxes hiked

Koch Brothers Hint Support For Trump's SCOTUS Pick While Blasting Border Tax And Immigration Ban

I am curious about how much more  tax they are offering up. Here is another:

One of the flying car kids. He sounds like he wants another 10% tax hike.  
I am not recommending their taxes be hiked, they are, so let us take them at their word.  The good news is that raising their taxes mean they can last longer before the copter flies.  The sandbox will be better prepared, just avoid Android phones, Google pay is insecure.

Importing little brown slaves is politically incorrect

People are boycotting Starbucks after CEO announces plan to hire thousands of refugees

Sorry, slavery needs the diversity waiver form, filled out and approved.

The ten year seems bound to 2.5%

That does not mean my guess was right, I did not know that Bill Gross would pipe in with his 2.6%. He is big enough to tilt the graph, have measurement uncertainty. He likely scared the banksters and they are in the Senate keeping the rate down.

Bu it is a narrow window, the foreign creditors have FX insurance wedge that puts a lower bound around 1.8%, likely. If  the senate does not stay within bounds, the wealthy have to start buying bitcoin, and the helicopter will fly.

Getting real on the Middle East Jihadi wars

The sold called political correcters think they have science on their side.  What does science say?

Science says that as soon as the African great apes could stand and trow a rock, they headed north.  Out of  Africa, the path involved evolution. Most of the evolution happens in the Middle East and Egypt.

Here is a clue.  The science does not say that this evolutionary process has stopped.  The young Swedish maiden did not survive the process only to discover the infinite pearl of wisdom at the ice line. No, she is still facing the northern evolutionary migration.

Is this racist, anyi Black?

Equatorial climates yield equatorial cultures and economies. African are simply humans who did not go north.  When Africans go north,they do so to work sophisticated supply chains in northern Germany.  When Germans go south, they do so to grow bananas,it is climate.

But underneath, the evolutionary process lingers, never goes away.  There is always this slight edge that favors mass migration through Egypt and fist fights forever,

It is only a muslim ban because they already killed off the christians

The hole in the whinning we get from the political correctors.

Trump banned immigration from nations involved in eternal sectarian war.  It looks like a muslim ban, sure,  it is mostly musllims killing each other over there. The christains have already been slaughtered.

So then the political correctors drag out the muslim tent women, look at these poor gals, they are not allowed to wear tents without scaring the shit out of us. Why do hey scare the shit out of us? Because they honor kill the women who refuse to wear tents, boneheads. Political cortrectors maythink hinir killings due to bad fashion are acceptable, but the rest of us have women who need to operate freely, without tents.

Sunday, January 29, 2017

Using private keys, for example

They are unobserved by humans and normally no passed around between bots, except at the hardware fad, under guard. The fab is free to give each card one or more cash o hand keys, and the cards hold them in common. Any transaction using the cash on hand key will have a card ID immediately identifiable at the POS. Each POS holds a the set of cash on hand public decoding keys.

So, no thumbprint needed.  I can set one or more cards to have hundred dollar cash on hand contracts.  They are legally binding, I thumbprint them.  Then I give the cards out to workers for the days expenses, no thumbprint needed, I have met the thumb print rule.

Here is the set up. A contract is defined by the triplet <trading bot,card ID,coins>

The required set of contract rules are guaranteed by the bot, and include following the thumb print requirement rule while trading. So everything connects, we get a robust mix of coin types, each with a different ledger protocol.  They can appear in contracts, and always include the basics.  The key to verifying the contract is the card ID.  Contracts are all pure cash, smart contracts are above, unpriced and deliberate mass,time,distance hedges.

The default exchange method

<Null,Null,Digits"  This triplet contract is between two cards, the two folks looking at each other, here, have some digits.  Perfectly valid.  But it has to meet the fundamental thumb print requirement, In this case, thumb print required.

If some low frequency thumb print pattern. If it is not seen, the card becomes missing human, won't trade.

Starbucks to import 10,000 little brown slaves

Starbucks to hire 10,000 refugees in response to Trump's executive order

The baby boomers need their coffee, and the millenials pay for essentials by watching Zuckerberg's kitten videos.

No tax cut until late 2017 say the senators

PHILADELPHIA (Reuters) - When President Donald Trump was elected last November, Republican lawmakers enthusiastically joined his call to rewrite the tax code and dismantle Obamacare in the first 100 days of his presidency.But as congressional Republicans gathered for an annual policy retreat in Philadelphia on Wednesday, the 100-day goal morphed into 200 days. As the week wore on, leaders were saying it could take until the end of 2017 - or possibly longer - for passage of final legislation.Trump had a different idea when he spoke to lawmakers in Philadelphia, telling them: Enough talk. Time to deliver.The divergent views on the timetable were among many indications of tensions that simmered just below the surface at the three-day Republican retreat.
Number one priority, get through the Q1 slowdown.  

It seems Republicans are trying to do something other than run up the deficit and crash the economy. Many of us, like 99%, have never known a Republican do to anything but.

Block chains and smart card, a match made in heaven

Block chains can demonstrate human ownership by public inspection. Smart cards can reveal valid humans by card ID.  The card ID is proof of biometric match, it is generated by one of the cards private keys.

We get anonymity, proof of ownership but identity kept secret util the owner shows up to grab the item.  So, if we modify the block chains in the pit, we permit a bot to put a hold on some amount of block chained asset, gold, for example. If the asset is to be bet, then is is on hold, and double spending is prevented.  But the bot never knows, and never reveals the owner's identity, the card ID in the trading contract is enough to inspect he asset block chain.

So, block chains allow an important functionality, hold and verification in the pit, works great because nothing in the pit cares about identity, just a match. Once a transferable asset is held, it can be chopped and sliced in the pit.  A form of asset backed currency is possible, backed by real assets.  A card holder can agree to share 20% of a rental income for a year, put that on hold, the card will honor the contract subject to bankruptcy.

This is a very risky, but priceable method to convert harder assets into more liquidity.

I think they are up to WW23 or something

Trump: The joint statement of former presidential candidates John McCain & Lindsey Graham is wrong - they are sadly weak on immigration. The two...Senators should focus their energies on ISIS, illegal immigration and border security instead of always looking to start World War III.

The two senators doing the usual crap, expressing their deduced self-morality by making the US taxpayer provides global police. The end result is the same, a trillion dollar defense boondogle.

To break an egg you need to make an omlet

Muir [talking head] asked whether Trump thought it [banning islamic tent women]  could "exacerbate the problem.""David, David — I mean, I know you're a sophisticated guy," Trump said. "The world is a mess. The world is as angry as it gets. What, you think this is going to cause a little more anger? The world is an angry place."
Trump is our helicopter man, he can do this deal. 

The pompadour is back

The thing about bond losses

It means the senators have to adopt  accurate cash flow accounting on their government programs.  Price guarantees, inflation hedges all have to go, amortization is in.  If the senators manage this, then the sandbox can write off bonds, limit inflation to less than 4.5%; but everyone has to have the card, otherwise it is not fair trading. No fair trading, no fair measure of inflation; the math doesn't function.

There is a member of the Yawkers who gets this, a fair trader who has Trumpsters ear and understands bitcoin and blockchain. He can explain it to Ned and the boys.  But we can't kid anyone, this is singularity 1.0.  If the senators try to sneak the system, just fine, but they better short the program because a lot of other senate staffers have the same trading ability.

It's the same game, but we are all forced to the new technology now as it is the best helicopter.

Uncertainty in the sandbox

There is an inherent uncertainty in the known distribution of arrivals and departures because access to the probabilities trees is congestion adding. Your bot known, the more accurate it wants to find something, the higher the cycle fees, his accuracy demands jam the graph and disturb his findings.

Inherent uncertainty in fair trading is the cause of quantization.  When the queues match, mean and variance match; that means the panel trucks can be built to carry the mean number of cases with the probability of overflow and underflow well defined. That is container algebra. If we find that we consistently use four panel trucks,when overflow is often left at tyhe docks, the we requantize, to a diesel semi and containerization algebra works again. All containers filled optimally to have the same red/green risk function, the function has an absolute measurement.

Great, price compression at S&L makes it work. In his model, a hedge is a stable node in two probability graphs.  A something is running the trucks much more accurately, so find the appropriate S&L, look for the stable node, that node will be getting surplus bit error, Your bot can bet it like a secret bit error function with trend.

But, more than likely, your bot never gets there in time, nor does the information ever get out in one whole piece for the bot to see it originally.  Because all the bots have the same look, and same access. The ones that when are the ones with inside information.

Texas cities are declaring themselves bankrupt, not sanctuary

PEW: Already, state lawmakers in Texas and Arkansas are weighing bills that would ban cities from declaring themselves “sanctuaries” and withholding cooperation with federal immigration officials.
Lawmakers in Austin should note the sanctuary is about safety from pension debt. 

Securing the sandbox

BitGo’s wallet protects against loss and theft with features like webhooks, multi-user approvals, rate limits, address blacklists and whitelists, and more. The integration with Ledger, a provider of hardware solutions for key management and endpoint security, now allows BitGo customers to signature keys in an offline device, providing extra protection from malware and other attack vectors.
They offer theft insurance, and will insure queuing effects  on the bitcoin ledger service. 

Saturday, January 28, 2017

Piling up the money

American tax dollars are returning via several channels, and ending up where? On account of the big investment banks who are currently negotiating Trump's ten year rate. In other words, Ned Ryerson and the team are going through the normal rate rigging that happens each regime change.

Ned and yhe team, with one exception, all of them know nothing more about financing than playing the government price fixes.  One of them is a fair trader.

What is that ten year rate? The cost of government money, the senate makes decisions with ten years of ripple, sorry about that.  Hence no matter what, they have a fixed term, ten years; and the big banks force them to agree to sequential payments.  These payments are around 450 billion now, but are expected to go up to 800 billion.

The fixed cost is yo cover the recurring fee for all the money losing enterprises the senators =engaged in in the pasty.  Reagan's failed bombers, screwed up F-35, S&L bailouts, bonehead  Obamacare, pubic sector pension promises, worthless stimulus.    The wealthy get yo go to the Swamp and fix rates, government  (you and I) cover their currency risk, but we pay the 2.5%$ ATM fee.

So, the range is now 2 to 2.5, and the wealthy will soon bargain for a bonus payment on the debt due to helicopter threat. At that point,. all hell breaks loose.

If I were you, I would blame two people, McCain and Schumer, for no other reason than they are typically responsible.

A wascaly former mawoh

The federal funds pay for a variety of state and local programs from law enforcement to homeless shelters.
“California could very well become an organized non-payer,” said Willie Brown, Jr, a former speaker of the state Assembly in an interview recorded Friday for KPIX 5’s Sunday morning news. “They could recommend non-compliance with the federal tax code.”California is among a handful of so-called “donor states,” which pay more in taxes to the federal Treasury than they receive in government funding.

That would master of nullification, former mayor of SF. I take secession talk where i can get it.

Meaning that all hopes of a Swamp bailout are gone,poof.

(ANTIMEDIA) Activists in California have just taken an integral step that could leave America with only 49 states in the near future. Yes California, a pro-secession organization, received approval Thursday to begin collecting signatures from residents to put “Calexit” on the ballot for a 2019 special election.
Yes California has been working toward secession for some time, but with President Donald Trump’s election last year, their efforts gained momentum as frustrated residents questioned their willingness to bow down to a president they don’t support. According to a poll conducted by Reuters/Ipsos this month, nearly one in three supports secession — a sharp uptick from a similar survey conducted in 2014. With secession becoming a viable alternative, it’s possible that support may continue to grow.
Calwatch has the stats:

More Californians — but slightly fewer Americans — would support the Golden State’s withdrawal from the Union, according to a new poll feeding attention around a nascent movement to achieve a lawful, peaceful secession.“About 32 percent of Californians want to create their own country, a new Reuters/Ipsos poll found, including many Democrats who are frustrated with the election of President Trump,” the Hill reported. “Pollsters surveyed 500 Californians between Dec. 6 and Jan. 19. Nationally, 22 percent of respondents favor secession, they found” — a figure, like the California number, sure to have included some people with federalist or libertarian interests in seeing a discussion over the state’s status change.“Still, half of Californians opposed the idea,” the Los Angeles Times reported, “though Democrats were more inclined to support it than Republicans. The survey found that 60 percent of Republicans gave the idea of peacefully seceding a thumbs down compared with 48 percent of Democrats and 50 percent of independents.”

Republicans want Swamp  guarantees on the tax dollar, they are welfare bums. But the Dems want their own currency so the unions can just assign ownership of our homes to George Soros directly.. 

Let me vent

They yell me, be careful with e mils, make sure all your drivers are OS certified, use a browser with built in encryption. All great stuff.  How about, plug in your flash card, and thumprint it. Leave everything else out of the picture.

But that is not my point.

 Imagine it were 1958, the era of dial phones.  And, you were told, do not dial this number, or a five dollar bill will disappear from your leather wallet! You would be watching the three stooges run a bank, pure comedy

 But in our new world, that just comes with the territory, not!  It is still three stooges, we just don;t notice it.  Now with volumes are up, it is quite the pain. So let's skip the comedy and get to it.

I disabled online transactions for my dumb card

I called it in, told the customer rep that Card Not present purchases are invalid.  

It is simply to risky to be leaving copies on my card info on this, or any other computer. On line purchase fraud was rampant over the holidays, and how many of us have viruses that sneak ten and twenty dollar purchases that we miss? Consider the cost of constantly checking your account for fraud.

We should at least have a private key holder we can use via USB port, and an exchange that relies on private, unobservable keys.  I cannot believe technologists and retailers could have stared at each other all these years without some simple solution.

Your browser is not really safe

The pros say the browser is a JSON sandbox, and the online retailer can be assured the proper JSON code is executed, leaving no trace of the card info.. Unless you have gotten a smart phishing virus, one that monitors you URL requests, and then when Walmart url appears, triggers a key board scanner, checking for numbers. The virus is outside the sandbox, and has to reverse engineer, but here is not much treverse engineering, just ship the key scans off to a private server and compare it with yhe standard Walmart card form.

Technologists know this happens, as do the retailers. But, now the volume of on line transactions makes mass production a possibility, the idea that with a bit of intelligence, the crooks could ru a nickel and dime scam, underneath the network, but, like Zuckerberg, in volume they make millions..The retailers, technologists and government officials are ay make or break, either the consumer gets private keys, or owe leave the economy is a precarious situation.

Friday, January 27, 2017

Natives and the pipelines

Out west property title can be shaky, especially in the Dakotas. But the natives can be reasonable partners, with enough of the pie. For example, if the natives worry the environment, take them at their word. Put them in charge of environmental security, and charge the Yawkers an environmental fee for their oil.

Custer lost once, and another Custer might find many of us on the wrong side. Yawkers need to pay their fee.

The F-35 solution

If there is a solution, it will almost certainly mean dumping the swivel jet. Stol and Vtol have to go. A vtol is a close support fighter bomber, a completely unique air frame.

The F-35 that is left is a stand off battle management fighter, A completely new animal, a flying data center with a wide battle view.   If dumping the swivel, lightens the load then it can be carrier based. Keep the deployment limited to less than a 100.

Card ID and verification

The pure cash has secret keys in the smart card, unobservable by any human. From yhese keys, ythe card can generate one or more card IDs.  The proper verification service can validate a card ID, and return the state of the card,m(valid,bankrupt,wanted warrant,missing human, recently fingerprinted).

For example, Master charge owns a key or two in your card, and card IS generated from those keys can be validated by Master charge.  But. mastercharge is thusly linked to yhe hardware layer, their verification service must pass reports back to the secret fab bot that puts secret keys into cards.  That is a slow moving queue, but it moves, and it is completely secrey from all humans.

The cardID is always part of a triplet: <Bot,CardID,Coin(s)>. The bot may or may not spawn, but all bots conserve coin, no double spending or forgery.  The bot obeys that rule, and manages verification protocol, and watches for the proper thumprints. It then bets the current pit.

So, we can see two things, hardware  protection and verification and difficult forgery. 

And two, if the sandbox is secure, the fair trading trade rules are quite simple.  Everywhere, the hardware should be able to secure coin accounts and the associated bot code. The hardware engineers will tel us this is all fine, and hey will  have large digits.

 Locating a thumbprint

Smart contracts are all about moving mass over time, humans everywhere and they deliver pizzas to thumbprints.  So, shoe leather, just like normal, and the tax cops can track you if they have a warrant on one of your card IDs.

But, Mastercharge just wants to know your card and a valid thumbprint have married.  After that the card keeps the agreement and knows red/green.  Mastercharge is free to advertise, segment the market by changing the pit boss. Bu, once they have a customer, they have the thumbprint and the sandbox guarantees.

Can existing hardware wallets implement smart card?

They sure can, but they will be liable if the wallet is modified to cheat.

At the minimum they need an integrated chip, code, data and processor on board with no logic interface to capture instruction streams. Then, add finger print, a button or two, and a digit display.

The contract is simple, no spending over $100, and the vendor insures against theft of keys.  It is easy enough to pick a design point where wallet price, guarantee, security, and consumer needs match; with acceptable forgery risk.

Smart wallet rules are simple,. just not formalized.

Ned Ryerson can run his own pit

In the sandbox, what stops the Secretary of Interest Payments from simply downloading the rock solid Redneck trading pit, and configure it as a savings and loan, Ned is the only borrower, he modifies the pit boss.

So Ned has this room with a thousand processors, with spawn enabled,. The pits collect deposits against his loans.  This is simply a gigantic S&L with one borrower.
But taxes received are also on deposit, whaddy know.  Ned can just pay bills from this single nest of pits, and check out digits as needed, no problem. Well, just one problem, Ned always runs a deficit, so principle and deposits builds up until balance sheet has digits get sluggish.  In terms of containers, we have this situation where the government container arrives later, and is larger. The distribution system gets jammed, pricing does not work, containers become less than optimally full due to the constant build up of deposits../

so customers use WalMart coin instead.

That is the current system, Every time Ned runs in red, the balance sheets grow at the Swamp.  Hence, Ned needs a default method; he needs to configure the pit boss with a loss, a loss with a random walk.  The longer we run trillion dollar deficits, the larger the balance sheet that needs losing.  If we do default some bonds, then price distribution becomes saddle back, decoupled.

The problem here is that much of the currency risk since about 1985, all that currency risk got costed to government. Inflation hedges, cost plus contracts, bailouts, implicit debt guarantees, and a host of horrible decisions.

The pit can spread the back due currency losses as a trending wiener, easily hedged, to some precision.  It is able to do thus because the pit doesn't use time, it measures probability, and finds the price quants that best fit, and awards the amortization payments. Anyone can put cash on deposit and earn, probably, the inflation rate as bonds are forced into short amortization with invented digits.

Why fret?

PHILADELPHIA - Republican lawmakers aired sharp concerns about their party's quick push to repeal the Affordable Care Act inside a closed-door meeting Thursday (Jan. 26), according to a recording of the session obtained by The Washington Post.The recording reveals a GOP that appears to be filled with doubts about how to make good on a long-standing promise to get rid of the ACA without explicit guidance from President Donald Trump or his administration.
Republicans in the Swamp will habve one outcome, drive  up the deficit and crash the economy.  They can do that with or without healthcare.  That is why we vote them to power, so we can crash and get our Swamp losses done. 

All refugees report to Facebook, and Zuckerberg will hire you.

Zuckerberg Slams Trump On Immigration: "We Should Keep Our Doors Open To Refugees"

 Just do not get to close to him, he will sue.

Run up the deficit and crash the economy

President Trump on Friday afternoon signed an executive order that he said would spark a "great rebuilding" of the United States military."First, I’m signing an executive action to begin a great rebuilding of the armed services of the United States, developing a plan for new planes, new ships new resources, and new tools for our men and women in uniform, and I’m very proud to be doing that," he said at the Pentagon."As we prepare our budget request for Congress ... our military strength will be questioned by no one, but neither will our dedication to peace, we do want peace." 
Been there, done that. Most of the do-re-me wasted on Flash Gordon.  Then the Tea Party bums cover up the blunders.  Our enemies are not worried. 

No more gambling

BI: According to Politico's Paul Demko, the new administration has pulled all advertisements for Healthcare.gov and has frozen efforts by the Department of Health and Human Services to encourage people to sign up for plans through the ACA.
Caifornia will continue advertising the program, worldwide, in defiance. The little browns will save their pennies and buy us all cardio surgeries. 

Defense chief covers up trillion dollar boondogle

Bloomberg: U.S. Defense Secretary James Mattis has ordered reviews of Lockheed Martin Corp.’s F-35 Joint Strike Fighter and plans for Boeing Co. to build new Air Force One presidential aircraft, two high-profile contracting programs that President Donald Trump has singled out for criticism.Mattis issued the reviews in order to “inform programmatic and budgetary decisions, recognizing the critical importance of each of these acquisition programs,” Pentagon spokesman Captain Jeff Davis said in a statement Friday. “This action is also consistent with the president’s guidance to provide the strongest and most efficient military possible for our nation’s defense.”
Same thing we did with Reagan's useless weapon build up, cover it up long enough, then charge the  millennials an infinite ATM fee.  Standard Swamp shit, but we can do it no longer. The millennials figured out the  plot and intend to default/. 


A digital marketing company built software that automatically analyzes and trades off of the president's Twitter feed.

LA Times gets this wrong

With California's 'sanctuary cities,' Trump might be starting a fight he can't win

Trumps plan is as usual, send the nation's sick and poor to California,.   

Jerry Brown leads the Little Browns to bankruptcy

El Monte's mayor wants to end bonus pensions costing millions but his hands are tied he mayor of El Monte, a cash-strapped San Gabriel Valley city with many retired employees drawing two pensions, says there’s “no rational justification” for the extraordinary, taxpayer-funded generosity. 
 But at the same time, Mayor Andre Quintero says there’s nothing city officials can do about the situation in the near term. The benefit is written into the city’s collective bargaining agreements, so it could be eliminated only through negotiations with unions. 
 Another obstacle: California courts have long held that public employees are guaranteed the retirement benefits in place on the day they were hired. El Monte’s predicament reflects the deep difficulty of reining in public pension costs. The city’s retirement burden is among the heaviest of any municipality in California, a recent Times investigation found.
Jerry imposed union rule, the little browns agreed, now the browns are poor and bankrupt. 

CA legistaure makes Big Brother

New CA bills push “fake news” education

Our legislature out here is already 100%fake news. Notice that the little browns are clueless about the bill of rights. All we know out here is the Law of Divinity.

GDP growth, 2%; Swamp debt growth, 5%

BI: GDP whiffed.GDP increased by an annual rate of 1.9% in the fourth quarter of 2016, according to the Bureau of Economic Analysis.
Voters will not make the interest payments, we will be hiding in the Sandbox.

Thursday, January 26, 2017

Slow week

Ten year up to 2.5%, then the conservatives come out complaing about trillion dollar deficits.Trump claims he can cut Swamp discretionary spending. Ryan says we have to cut entitlements.  No agreement, try next week.I think the swamp is at bond default time. They are in a tight circle, the window is closing.

Wednesday, January 25, 2017

Backing up your smart card in the sandbox

You want to dump your currency digits onto the sandbox, and recover them exactly?

Dump them to the Null pit, under contract with the Null trading bot that does Null with your digits. Except, the null trading bot expects to see a none zero frequency of ongoing thumbprints from you. (all bots report missing thumbprints)

Your digits are safe.  But their significance is not, those digits still suffer currency risk.

Now some currencies are stable, some are trending. The later require continual trading, but you can 'back up'n your digits at their standard S%L, all the time.  , Tell the bot to run  close to amber.  You get the same currency risk.  Any pit boss will come with the standard,and favorite maximum entropy trader bot.  If you have no insider information, just use that one, it is like playing the indices.

If you want on the spot instant backup, then your card ain't got digits, and in every trip to walmart, the line pauses a second for your card to write_a_letter_to_janet(), and clear accounts.

So the rule is, use the sandbox bots mostly and only keep a three day cash supply on your card.

One of the flying car kids announce the banned web sites

New start up, Altagoogle features banned news

Google's Permanently Banned 200 "Fake News" Sites will be featured

Altagoogle also offers news bot frameworks, an app whh can create banned news to suit viewers tastes. Altagoogle has been evaluated at $9 billion, and is due for an IPO.

I invent launch and glide commuting

Musk want to commute under LA. I say launch ballisticaly over it.

Electro magnetic launch puts a six person capsule on a ballistic trajectory.  Near the top of flight, glide wings deploy.

The vehicle also carries a thousand pound compressed air turbofan, good for five minutes.  It lands well, most of the time. Lunch tubes and run ways are deployed at various points in the LA basin.

Trumpflation is back

More Trumptweeting did the trick.

Tuesday, January 24, 2017

Biagio Bossone pitches his opinion on crypto money, via VOX, of Europe:

Abstract: Electronic money – digital payment instruments that store value – can be seen simply as a technological innovation for holding and accessing regular money. This column argues that how it is used and regulated will determine whether e-money instead serves as a replacement for existing money, and discusses the regulatory implications.

His claim is that e money cannot meet all the regulatory burdens of regular central bank money. But the division between money services and money value is false.  Trading pits, the standard issue S&L runs autonomously, there is no seigniorage  Hence, bank trading rules do not apply.  Not are there any time structured contracts at the pure cash layer.  All transactions are generally fair bets, and the net value of any S&L, in terms of accumulated bit error, is known to 3% or so according to contract. So, for basic money issuance, there is no gain to involve regulator code. So, onve you have e money, youhave money issuance and currency risk, no way to avoid it.

How government agents should hunt us in the sandbox

The fops will find us by watching unusual actions by card ID.  These card IDs interface at a point to  smart contracts, and the shoe leather snoops can snap the rel photo of crime.
Then, with probable cause, they can issue warrants for any trade with a thumbprint match that matches the criminal exchange.  In other words, they can work back by card ID, hunting the physical card by uncovering a trail of matching card IDs.  Just like real accounting, each card ID in the sandbox hedging one of the account entries. Government accounting bots, and the python folks who write them will make zillions, hunting down tax revenue.

Government transaction costs  will be priced in the  pits, regulated pits will not work as expected..  The sandbox eventually builds an implicit gain and loss for government, they end up in a narrow lane of smart contracts, insured against, hired out by tax agents, and isolated. A private sector tax hedge industry, largely counter spies working against government,plotting, cheating.

 Government should stay out of the pits. If I were an advocate of government monopoly, I might insist on the 'warrant' clause in the smart cards, they must recognize and obey an adjudicated seizure of property,. the judge has a hidden seizure key.  But I recommend against it.  Government should get a warrant to force the human to fingerprint, and the human should physically refuse, have a fight about it.  Leave the card out of the discussion.

The other argument

A legl warrant to seize moneys is generally observed today, the legal sheriff can take a pile of green, cout outhis share, and leave the rest. Why should pure cash lose that property? Afterall, if itcan reoresent its own bankrupty, it can obey a warrant.

That is thecatch, the card will obey its own bankruptcy, and operate an absolute red/green investing imit.  But, warants, associated with card IDs get noticed, the card cannot prevent that, and government agents free to publish.  So, the card with outstanding warrants finds it impossible to trade within the users/green range.  The pit would have its own credit quality service, one tht tracks judiial warrant,.

Bankruptcy is enough, no need for special government warrant or tax code.

How about the Fed balance sheet?

Ben Bernanke made a bet, and the Reverend Trump will fulfill the bet.  Ben thinks that  Trump can line up about twice as many independent school girls in the parade as we thought. Trump will get all the contracts straightened out, have all 100 million households in agreement before the ten years is up, next year.

The Reverend Trump will need all his Miss Universe experience to line up those schoolgirls.

Card always present

Credit card fraud includes a class of fraud called Card Not Present, CNP.  Those are online purchases where the fulfillment clerk does not see the card.  The fraud happens when the purchase requires a card fill in field, using a fomr filling bot on your computer.  Some phishing virus has already landed, it is on your computer sniffing when you use your credit info for a purchase.

Smart card is always present, or it has been thumprinted a certified trading bot to act on its behalf.   It wil be Card Always Present.  Always present is verified with the card ID, exposed to other bots.  That ID verifies, via decoding, that the associated accounts obey the rules and are attached to a human. 

If forgeries occur in the pit, the  it is a fundamental error, or someone was blackmailed.  So, simplify theory by simplify stating all trades are between valid bots.  Regardless of the link, two similar bots execute the appropriate exchange protocol, understand where the ledger services are, and know how to scan and bet the basic pits.

The smart cards have other rules built in, and unalterable.  They eventually report missing humans if they haven't seen a thumb print recently. They know what a fair bankruptcy looks like, and will do that without thumbprint upon a judge's order. The know about expiration dates, and may have other timeouts agreed to. And it speaks NFC to the app layer, and during purchases.
The idea is smart cards keep all pricing operations within the sandbox, they have a completed conditional probability menu.  Or, other than priced risk, I know the conditional probabilities of my accounts; my balance sheet is a graph that holds a closed set of conditional probabilities, each entry being a finite probability distribution.

Can card ID theft be a problem?

No, but collecting card IDs is discouraged. The card IDs are not permanent, they have timeouts, the smart card may even create a new one for a specific contract, all with timeouts.  The card ID is more of aencrypted token, like the master charge and /visa tokenization of card transactions. But the card ID has a life over multiple transactions, which should be a finite count.

I would say that card IDs should be collectable by merchants, under contract. So, in a card to card protocol, an exchange of card ID is not revealed.  But, revelation can be enabled by thumbprint. The smart cards can enforce this.

Think of a card ID as the verification of a valid trading contract you, the human, agree to.

 It is a set of instructions defining what and how to trade some digits of yours.  If it is stolen, what can the thief do? Put is back in the box, somewhere, it will just continue trading on your behalf, not his. He can use your card ID in a bogus pit, but ultimately, some ledger service requires my your thumbprint, if the stolen digits are spent. I think it works out, some buult in rules on card ID generation, combined with private and public key, the crypo guys make card ID an important sandbox tool. Especially useful, it is independent of coin type.

The key point about government defaults in the sand box

The lost digits are remembered as a chaotic bit error stream, the losses are no longer traceable.  That makes it a true default.\

Under the current system we know who is mostly responsible, Texas and the Bushies, Reagan and the Californians.  You will never get national unity, a bunch of poor slobs trekking out of Illinois will be blaming either California or Texas all the way. It is on the record.

So default as a barely predictable random trend. The sandbox can make that happen. The Senate can periodically vote to curse  the bonehead large states that foul the system, then default. Send a request to the sandbox, the bond loss machine will buy a bond, then put it on the graph for conversion into bit error, poof, its gone, gone directly to inflation. Eventually voters will figure it out and abolish the Senate, or force the ASouthwest out of the union.

A perfect paranoid in the Nixon mold

Paul Krugman, the Nobel Memorial Prize-winning economist and liberal New York Times columnist, questioned President Donald Trump's mental health in a tweet Tuesday morning.
Just the deranged schemer that can get an old helicopter flying. Get all your baskets patched and prepared, Paul Ryan will be flying for the Madman. 

"An American first: a president who was obviously mentally ill the moment he took office," Krugman tweeted along with a New York Times report that Trump 
It usually takes a week for the Swamp gas to have its effect. Suggest some closer air monitoring. 

Get your own news bot

Facebook, Snapchat Deals Produce Meager Results for News Outlets

The deal here  is that Zuckberg got our text. So Zuckerberg makes this intelligent bot, a semantic graph processor actually. A semantic graph processor is like a trading pit that is mobile, moves over the bid/ask network, and cannot price.

Anyway, Zuckerberg makes this neet presentation bot, it can mix news stories, kitten videos, and my text onto my screen quite nicely.  So I am addicted to kitten videos, and I get to use Zuckerbergs presentation bot.

So, news papers, make a friggen bot. Call me, for a  million dollars I will find the staff,the geeks, and the technology which we already have.  I will make a presentation bot market, an entire friggen industry devoted to new reporters and their desire to make fake news.

Then each news paper can have their own presentation bots and mix their own news, our text, and other new to make really great fake news and I will be addicted. We can tailor the bots, inherit and replace the standard themes.  You want a bot for socialists, delusionalists, monotenarians, or lesbians; we got a bot flavor four your news reader.  Just click the icon, you rent the bot and read whatever fakery pleases you.  Make news fun will be yhe market motto.