Wednesday, November 2, 2016

Securing web commerce under the current systrm

There is an implied  " Send a letter to Janet' under current circumstances.  If each transaction is secured by the bank, then Walmart has no business even unpacking the credit card number.  The customer submits an encrypted price bid, with credit card info.  Walmart just ships that package, unopened, to the bank, and the bank OKs the purchase.  The bank does the decrypting, Walmart never sees the actual credit card info.  Thus, for the customer it is a one shot transaction, here is the simulated coin, send me the good.

There is no reason, even under current circumstances for any retailer to hold any personal information about us, and we should refuse to give it as it almost gets hacked and spread around by some bozo corporate executive.. Tell your bank to refuse payment if some vendor has an unencrypted version of your personal stuff, write it into the credit card clause.


\Let us solve today's  line theft problem

import tradingpit as Pit
Pit.boss = CommerceFixedPrice
Pit.coin = EncryptedCredit
Pit.run_the_queues()

Now this pit boss comes with self verification, it will check sum the code for external test,but will encrypt it internally with an unknown, generated  key, protected by the interpreter.

The handling of the credit card will be clear in the code, a direct pass through to the bank from the closed list of selected banks. We make encrypted credit a special coin.

I will get to work on this, but I have five or six pit boss codes and coins in mind and would be better  served to get an entire industry working on this. How big an industry? Ethereum has some 85,000 pros that have run though their meetup series, they are on this path. Given their battle scars, they have the know how. They need smart card and trading pit, they, alone, can force these issues.


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