Friday, March 11, 2016

Obama got the banker bot hysteria

BI quoting Obama: So now we have two values that we say are important. And the question we now have to ask technologically is if it is possible to make an impenetrable device or system where the encryption is so strong that there is no key, there is no door at all. Then how do we apprehend the child pornographer? how do we solve or disrupt a terrorist plot? What mechanisms do we have available to do even simple things like tax enforcement? If in fact you can't crack that all, if the government can't get in, then everybody is walking around with a Swiss Bank account in their pocket. There has to be some concession to the need to be able to get into that information somehow.

Emphasis mine.  That is the idea, make digital cash work as well as the Swiss Bank.  The economy needs accurate money so that pricing works.  That means for Swamp Kanosians, hands off.  That is the idea, government can no longer deliberately attempt to distort the pricing function. If the Swamp wants regulation, then the Swamp needs regulator bot so money will price the cost of regulation accurately.

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