Banker bot needs encryption

But the Senate wants to make encryption illegal. But it gets worse. The venture community fears that banker bot will not protect the dollar, they are monotonarian socialists.  What will happen?  Open source, we will open source the basic functionality of banker bot then anyone can start a virtual currency company.

WASHINGTON – A number of lawmakers on Thursday expressed a growing frustration with technology companies and signaled Congress would consider either curbing encrypted communications or allowing law enforcement to gain new access to records, a sharp reversal from a multi-year shift towards more privacy.

Senators, one by one, emerged stone-faced and occasionally rattled Thursday afternoon from a briefing with Federal Bureau of Investigation DirectorJames Comey. Mr. Comey was there to update them on his investigation into terror attacks last week in San Bernardino, Calif., which came just several weeks aftergruesome terror attacks that killed 130 people in Paris.

“Certainly any time you glean less information at the beginning [of an investigation], clearly encryption probably played a role in it,” Senate Intelligence Committee ChairmanRichard Burr (R., N.C.) said after meeting with Mr. Comey.Lawmakers suggested that Mr. Comey had conveyed to them that there were limits to what investigators had been able to unearth. While they wouldn’t say that San Bernardino suspects Syed Farookand his wife Tashfeen Malik used encrypted communication to avoid detection, they said it could have been used and that it is becoming an increasingly big impediment that prevents investigators from collecting information about either co-conspirators or future attacks.

Both Messrs. Burr and Comey have said in recent days that technology companies might need to consider changes to their “business model” if terrorists his attack plans in encrypted messages.

Here is the key passage:

Some encrypted messages, known as end-to-end encryption, can only be read by the sender and receiver, making it very difficult – and often impossible – for law-enforcement officials or others to crack the code.

Banker bot needs to prevent decoding of transaction data because the ability to decode implies the ability to transmit fraud.   AI, the singularity, requires that the bots be tamper proof.