Category: Business

The Crypto What

When I first heard of cryptocurrencies, I immediately reflected back on the time when I sat with Mondex, in my portfolio of technologies.

We believed that you needed a point of origination responsible for issuing an amount of value that the economy could sustain in this card based electronic format.

Typically, the architecture assumed somebody would take monies on deposit or cash and exchange it for this digital currency, with the sovereign authority responsible for issuing the Mondex, multicurancy currencies, or its agents, the Banks.

It was assumed, when the digital currency form Mondex reached a critical element of the economy; transfer the origination function to the appropriate national authority.

My first memory, of bitcoin., is 2012, maybe 13. Here was this very ingenious cryptographic method of recording every transaction as a ledger entry created the ability to create a currency that was represented by records on a ledger that could only be written to, was signed.

And, had an immutable characteristic that guarantee nothing in the past could be changed.

Ok

Consensus leads to expense.

But, consensus assures trust

In an environment of zero trust.

The world then 2008

and

now 2025.

When did we stop trusting the party in the USA responsible for the money supply.

Do we intend to leave control with the speculators

AI companions contributed

BLOCKCHAIN Economy

A Conversation with Gemini

What is the economic reality of blockchain write only databases or ledgers.

Show thinking

Okay, let’s break down the economic reality of blockchain-based databases or ledgers, focusing on their characteristic as largely “append-only” (data is added, but extremely difficult to modify or delete once confirmed).

The economic reality is complex and highly dependent on the specific use case, the type of blockchain (public vs. private/consortium), and comparison to traditional database solutions. Here’s a breakdown:

  • 1. High Costs (Often Higher than Traditional Databases):
  • Development & Implementation: Building and integrating blockchain solutions requires specialized expertise, which is often expensive and less common than traditional database skills. Setting up nodes, smart contracts, and ensuring security is complex.  
  • Transaction Costs (Gas Fees): Particularly on public blockchains (like Ethereum), every transaction (writing data) requires a fee paid to network validators/miners. These fees can fluctuate wildly and become prohibitively expensive, especially for high-volume applications.  
  • Energy Consumption: Proof-of-Work (PoW) blockchains (like Bitcoin, though Ethereum has moved away) are notoriously energy-intensive, leading to high operational costs and environmental concerns. Proof-of-Stake (PoS) and other consensus mechanisms are more efficient but still require infrastructure and incentives.  
  • Storage Costs: Every node in the network typically stores a copy (or at least the headers) of the entire ledger. As the ledger grows, storage requirements increase across the network, although solutions like sharding aim to mitigate this.  
  • Scalability Limitations & Costs: Many blockchains face limitations in transaction throughput (transactions per second). Scaling solutions (like Layer 2 networks) add complexity and potential additional costs or trust assumptions.  
  • 2. Economic Benefits (The Value Proposition – Where Costs Might Be Justified):
  • Trust & Transparency: In scenarios involving multiple parties who don’t fully trust each other (e.g., supply chain, consortiums, international trade), the shared, immutable, and transparent nature of the ledger can reduce the need for costly intermediaries, audits, and reconciliation processes. This disintermediation is a key potential economic benefit.  
  • Immutability & Security: The high cost and difficulty of altering past records provide strong data integrity. This is valuable for applications where tamper-proofing is critical (e.g., land registries, intellectual property, voting systems – though practical implementations vary). This reduces risks associated with data manipulation or fraud.
  • Automation via Smart Contracts: Smart contracts can automate agreements and processes based on ledger data (e.g., automatic payment release upon verified delivery). This can reduce administrative overhead and speed up execution, potentially lowering costs.  
  • Resilience & Availability (Decentralization): A truly decentralized network has no single point of failure, potentially offering higher uptime and censorship resistance compared to centralized databases (though many “enterprise blockchains” are not fully decentralized).  
  • 3. The Crucial Question: Is Blockchain Economically Viable for a Specific Use Case?
  • Comparison to Alternatives: For many applications, a traditional, centralized database (SQL, NoSQL) managed by a trusted entity is far cheaper, faster, more scalable, and easier to manage. The key economic question is whether the unique benefits of blockchain (trustlessness, transparency, immutability) outweigh its significant costs and complexities for that specific problem.
  • Problem Fit: Blockchain makes the most economic sense when:
  • Multiple, mutually distrusting parties need to share and agree on data.
  • Immutability and auditability are paramount.
  • Disintermediation offers significant cost savings or efficiency gains.   A degree of decentralization is required for resilience or censorship resistance.
  • Private/Permissioned vs. Public Blockchains:
  • Public: Higher potential for true decentralization and censorship resistance, but often higher transaction costs (gas fees), lower throughput, and less control. Economic model often relies on native tokens.
  • Private/Permissioned: Controlled by a single entity or consortium. Generally faster, cheaper transactions (no public gas fees), and higher privacy, but sacrifices decentralization and potentially some trust benefits. Costs are shared among participants or borne by the managing entity. Often closer to a shared, immutable database than a truly decentralized system.
  • 4. Economic Reality Check:
  • Hype vs. Reality: Many proposed blockchain use cases haven’t proven economically superior to existing solutions after the initial hype.
  • Adoption: While adoption is growing in specific niches (DeFi, supply chain pilots, cross-border payments, NFTs), it’s far from mainstream for general database needs.
  • Immutability as a Drawback: The inability to easily change or delete data can be an economic liability, especially concerning errors, updates, or regulations like GDPR’s “right to be forgotten.” Workarounds exist but add complexity and cost.
  • In Conclusion:
    • The economic reality of blockchain ledgers is that they are often more expensive, slower, and more complex than traditional databases. Their economic viability hinges entirely on whether the specific problem requires the unique benefits of decentralization, transparency, immutability, and trust reduction among multiple parties, and whether these benefits provide value that significantly outweighs the higher costs and inherent limitations compared to centralized alternatives. For many standard data storage and retrieval tasks, traditional databases remain the far more economical choice

Margin Satisfaction and the Golden Rule

https://claude.site/artifacts/071508b2-0cfc-4832-89b5-63769bcdf0c3

Marginal Satisfaction: A Different Measure of Success

In a world obsessed with profit maximization and shareholder returns, we often overlook a fundamental question: What truly creates satisfaction in our economic lives? The concept of marginal satisfaction offers an alternative lens through which to view our economic decisions and structures.

Beyond Monetary Metrics

Marginal satisfaction examines how each additional unit of a resource, experience, or product contributes to our wellbeing. Unlike the relentless pursuit of financial growth, it acknowledges that satisfaction follows a curve – additional wealth, consumption, or profit provides diminishing returns once basic needs are met.

This perspective challenges the Friedman Doctrine that has dominated business thinking for decades, which states that a company’s sole responsibility is to increase profits for shareholders. While this approach has created enormous wealth, it has also contributed to:

  • Environmental degradation
  • Widening inequality
  • Worker exploitation
  • Social fragmentation
  • Ethical compromises

The Golden Rule Economics

“Do unto others as you would have them do unto you.” This ancient wisdom appears across cultures and faiths, offering a profound economic principle as well as a moral one.

When applied to business and economics, the Golden Rule suggests that true satisfaction comes not from maximizing one’s own gain regardless of impact, but from creating mutual benefit. It recognizes that our economic destinies are intertwined – that an economy built on exploitation eventually undermines itself.

Voices of Balance

Many visionary leaders have recognized the need to balance shareholder value with broader stakeholder concerns:

  1. Paul Polman transformed Unilever by eliminating quarterly reporting to focus on long-term sustainability, demonstrating that purpose and profit can align.
  2. Hubert Joly revitalized Best Buy by investing in employees and creating a people-centered culture that ultimately delivered strong financial results.
  3. Rosabeth Moss Kanter has consistently advocated for the stakeholder approach, arguing that companies serve society best when they consider all constituencies.
  4. Larry Fink of BlackRock has used his influence to push companies toward stakeholder capitalism, recognizing that long-term value creation depends on serving broader societal needs.
  5. Marc Benioff of Salesforce embodies the 1-1-1 model: dedicating 1% of product, equity, and employee time to philanthropic causes while building a highly profitable company.

These leaders understand what marginal satisfaction economics suggests: that beyond a certain point, additional profit provides less satisfaction than meaningful impact, purpose, and contribution.

What Would Jesus Say?

The teachings attributed to Jesus in the Gospels offer a powerful perspective on economics and satisfaction:

“What good will it be for someone to gain the whole world, yet forfeit their soul?” (Matthew 16:26)

Jesus consistently challenged the prevailing economic wisdom of his day, suggesting that true wealth lies not in accumulation but in contribution. He warned about the spiritual dangers of greed and taught that we should care for the poor and marginalized.

“It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” (Mark 10:25)

These “red letter” teachings don’t condemn business or profit itself, but rather the prioritization of wealth over human dignity and spiritual values. They suggest that true satisfaction comes from living in alignment with deeper purposes – creating value for others, serving needs beyond our own, and recognizing our interconnectedness.

The Path Forward

Embracing marginal satisfaction economics doesn’t mean abandoning profitability. Rather, it means recognizing that profits are one measure of success among many, and that beyond a certain point, additional profit yields less satisfaction than purpose, contribution, and mutual benefit.

By balancing shareholder value with stakeholder wellbeing, we can build businesses and economies that generate not just financial returns, but true and lasting satisfaction for all.

Made with Claudia.ai after chats with Gemini, and ChatGPT.

Frustration with Call Centers

As a result of these thought, I chat with AI engines.
TODAY Claude.ai
Customer Service System Analysis Framework
Current State Pain Points
Technical Infrastructure
1. Legacy System Constraints
– Core systems dating back to 1960s
– Multiple language conversions and data normalizations
– Accumulated technical debt from decades of patches
– Poor or missing documentation of original systems
Process Limitations
1. Rigid Workflow Design
– Processes designed by engineers without service experience
– Limited flexibility for edge cases
– Outdated assumptions about customer needs
– Gap between process design and frontline reality
Human Factors
1. Agent Constraints
– Limited decision-making authority
– Restricted by inflexible systems
– Cultural and communication challenges
– Bound by outdated processes
Recommended Approach: “Design the Present as the Past of the Future“
Immediate Actions
1. Process Documentation
– Map current workflows and pain points
– Identify critical system dependencies
– Document tribal knowledge
– Create clear system interaction guides
Strategic Planning
1. System Evolution
– Incremental modernization approach
– Focus on interface improvements
– Data migration strategy
– Service-oriented architecture transition
Implementation Guidelines
1. Human-Centered Design
– Include frontline agents in process design
– Build flexibility into workflows
– Empower agents with decision-making tools
– Regular feedback loops for continuous improvement
Success Metrics
1. Customer Satisfaction
– Resolution time
– First-contact resolution rate
– Customer effort score
– Net Promoter Score (NPS)
2. Agent Performance
– Agent satisfaction
– Process compliance
– Decision quality
– Handle time efficiency

The Path Forward

Reimagining Economic Systems: A Framework for Universal Prosperity
In our current global discourse, we often find ourselves trapped between two seemingly opposing economic models: the perpetual growth economy and the sustaining economy. But what if we could create something better? Something that combines the innovative drive of growth with the wisdom of sustainability, while ensuring no one is left behind?
The False Dichotomy
For too long, we’ve been told we must choose between economic growth and sustainability. The growth model promises opportunity but delivers inequality and resource depletion. The sustainability model offers stability but might limit human potential. Neither fully addresses the needs of all people – the 100%.
A New Framework: Progressive Sustainability
What we need is a framework that transcends this artificial division. I call it the Progressive Sustainability Framework. This approach combines three essential elements:
1. Universal Economic Security: Ensuring everyone’s basic needs are met through guaranteed access to housing, healthcare, education, and nutrition.
2. Innovation with Purpose: Maintaining the dynamic drive of market economies, but directing it toward solving real human challenges and environmental regeneration.
3. Democratic Resource Management: Treating our planet’s resources as a common heritage, managed sustainably for current and future generations.
Constitutional Evolution
Implementing this framework in the United States would require significant constitutional evolution. Our current constitution, brilliant as it was for its time, never anticipated the global challenges we face today. We need new amendments that establish economic rights, ensure sustainable resource management, and redefine corporate responsibility for the modern era.
This isn’t just theory – it’s a practical framework for building a better world. By combining economic security with innovation incentives and sustainable resource management, we can create a system that truly works for everyone.
The real question isn’t whether we can afford to make these changes. The question is: can we afford not to?

Your thoughts and perspectives on this framework are welcome. How do you envision a economic system that works for everyone?
—
This post explores ideas for evolving our economic and constitutional frameworks to better serve all people while ensuring long-term sustainability. Join the discussion in the comments below.

AI companions contributed

Navigating a Divided World: A Personal Approach

The current political climate can feel overwhelming, especially when it seems like the world is moving in a direction that doesn’t align with your values. But remember, while we may not be able to control the larger political landscape, we can control our own responses and actions.

Prioritizing Self-Care

  • Mental Health Matters: Practice mindfulness techniques like meditation or yoga to reduce stress and anxiety.
  • Physical Well-being: Ensure you’re getting enough sleep, eating nutritious food, and exercising regularly.
  • Digital Detox: Limit your exposure to news and social media, especially if it’s causing you distress.

Engaging Constructively

  • Educate Yourself: Stay informed about current events, but be mindful of the sources you rely on.
  • Open Dialogue: Engage in respectful conversations with those who hold different views.
  • Support Positive Change: Volunteer, donate, or advocate for causes you care about.

Protecting Your Peace

  • Set Boundaries: Limit your exposure to negativity and toxic people.
  • Focus on What You Can Control: Concentrate on the things you can influence, like your own actions and choices.
  • Practice Gratitude: Focus on the positive aspects of your life, no matter how small.

Remember, it’s okay to feel overwhelmed or frustrated. The key is to find healthy ways to cope and channel your energy into positive action. By taking care of ourselves and engaging in constructive dialogue, we can navigate these challenging times with grace and resilience.

Developed with the help Gemini

Passkeys the Future of Authentication

Several years ago I had the opportunity to sit on the FIDO Alliance Board. While there we debated the future of authentication and commissioned the work to develop FIDO 2. I walked away from that experienced convinced that multi-factor authentication should and now could replace the insecure use of passwords without a second factor like the use of our secure thing [device, card, or dongle], or our unique biometric(s).

Recent my colleague Jeff and I have been trying to understand how the various enhancements to Webauthn, FIDO 2, and CTAP will allow users to use multiple devices without having to register each device with its unique public private key pair.

As a result of our conversations and research, it is clear a single provider such as Apple can within their proprietary environment enable the ability to access a Relying Party RP from multiple devices with each challenge authenticated with one Public Key.

Concepts like Keychains and the use of secure chains enabled via BLE, Cable or QR code are clear. Ideas like Signed Assertions often appear as tools capable of proving the device knows of the existence of the Private Key resident in the secure element of one of the user’s devices.

the FIDO alliance is focused on solving these challenges

AI companions contributed

The decline of society based on the greed of wealth

## The Profit Squeeze:

When Good Ideas Turn Greedy
Let’s talk money, honey. But not the sexy kind, splashed across financial news channels, Community newspapers, virtual news or even People magazine.

Today, we’re stucm in the murky pool of profits and purpose.
We all like fairy tales:

A good idea blossoms into a business that solves problems, creates jobs, and maybe even throws a killer product launch party.

But somewhere along the yellow brick road, things can take a turn for the worse.
Enter the profit motive. It’s the fuel that keeps the engine of capitalism chugging along. But when profit becomes the sole passenger, we end with mush and situations when good ideas get squeezed into greedy machines.
Think about it. Healthcare, a system designed to keep us healthy, is now battling insurance companies more interested in spreadsheets than stitches. Education, the supposed equalizer, has morphed into competition where family taxes or student loans act as a lifelong ball and chain.
This profit obsession isn’t just bad for our wallets, it chips away at the very fabric of society. It widens the income gap faster than you can say “late-stage capitalism,”.

Leaving 99% behind in their dust.
But, fear not, fellow changemakers!

We’re not powerless. Here are some ways to fight back against the profit squeeze:
* **Support Social Enterprises:** Businesses that prioritize social good alongside profit can be a force for positive change.

* **Demand Transparency:** Ask questions about where your money goes. Support companies that are open about their practices.

* **Rethink Success:** Let’s redefine what “winning” means. It’s not just about the bottom line, but about the impact a business has on its employees, community, familoea, villages and the environment.

* **Get Political:** Advocate for policies that promote economic fairness and social responsibility.
Remember, the free market is supposed to be a two-way street. We, the consumers, have the power to steer it in the right direction.

Let’s not let good ideas get choked by greed. Let’s turn them into forces for a more equitable and sustainable future.
Now, go forth and be the change agent you wish to be. Remember you live in a world where { with a healthy dose of skepticism towards } “revolutionary” products or services benefit, in the first instance, the customer we seek to serve with a product or service.

AI companions contributed

Marginal Satisfaction

A framework for a coherent economic strategy built on margin satisfaction, stakeholder economy, and ethical principles:
Core Values:
Margin Satisfaction: Economic activities should aim to create value for all stakeholders (employees, customers, investors, community, environment) without diminishing the well-being of any one group.

Stakeholder Economy: Businesses have a responsibility to consider the impact of their decisions on all stakeholders, not just shareholders.
Golden Rule & Ethical Principles: Economic interactions should be guided by ethical principles such as fairness, compassion, and reciprocity (treating others as you wish to be treated).

Strategic Pillars:
Sustainable Practices: Businesses should operate in a way that is environmentally and socially responsible, considering long-term consequences of their actions.
Shared Prosperity: Economic growth should be inclusive, leading to a more equitable distribution of wealth and opportunities.

Employee Well-being: Businesses should invest in their employees’ well-being, offering fair wages, safe working conditions, and opportunities for growth.

Community Focus: Businesses should be active members of their communities, contributing to local development and social good.
Transparency and Accountability: Businesses should be transparent about their activities and accountable to all stakeholders.

Policy and Implementation:
Government Incentives: Policies like tax breaks or subsidies could encourage businesses to adopt stakeholder-oriented practices.
Consumer Power: Consumers can support businesses that align with their values and hold others accountable.

Socially Responsible Investment (SRI): Investors can direct their capital towards companies that demonstrate a commitment to stakeholder well-being.
Education and Awareness: Education about ethical economics and stakeholder capitalism can promote a cultural shift towards a more just and sustainable economic system.

Challenges and Considerations:
Balancing Interests: Finding the right balance between the needs of different stakeholders can be complex.
Measuring Progress: Developing metrics to measure the success of a stakeholder-based economy is essential.

Global Cooperation: Implementing these strategies effectively might require international cooperation to ensure a level playing field.

Inspiration from Faith Traditions:
Golden Rule: This principle of treating others as you wish to be treated can be applied to economic interactions, fostering fairness and cooperation.
Teachings of Jesus and Buddha: Both emphasize compassion, social justice, and caring for the less fortunate. These principles can guide economic decisions towards a more inclusive and equitable system.

Summary of Employee Ownership Model for Marginal Satisfaction Economy

In order to address the satisfaction of the employee as a key stakeholder the model emphasizes employee ownership, shared prosperity, and long-term focus within a stakeholder economy built on the concept of marginal satisfaction. Here’s a breakdown of the key elements:

Employee Ownership Structure:

  • Non-tradable Shares (35%): All employees receive non-tradable shares, giving them a permanent ownership stake in the company and a vested interest in its long-term success.
  • Tradable Share Pool (10%): A separate pool of tradable shares becomes available to qualified employees after 4 years of employment. The price is set based on the employee’s start date, rewarding loyalty.
  • Top Management Exclusion: Top management (defined by control over 5% of employees or revenue generation and earning 4x the average salary) is excluded from tradable shares but retains non-tradable ownership.

Incentives and Alignment:

  • Long-Term Growth: The share price for tradable shares reflects the company’s long-term growth, incentivizing employees to prioritize sustainable success.
  • Profit Sharing: Top management receives a guaranteed bonus component based on company profits, aligning their interests with overall profitability.
  • Retirement Liquidity: Non-tradable shares become tradable upon retirement, offering employees financial security and a chance to benefit from share value appreciation.

Return of Non-tradable Shares:

  • Vesting Period: A vesting period (e.g., 2 years) can be implemented for non-tradable shares. If an employee leaves voluntarily or is let go within the vesting period, they forfeit their non-tradable shares. After the vesting period, employees retain their non-tradable shares upon departure.
  • Buyback Option: The company may choose to offer a buyback option for non-tradable shares at fair market value, allowing departing employees to receive some financial benefit while maintaining the overall ownership structure.

Overall Benefits:

  • Shared Success: This model fosters a sense of shared ownership, aligning employee interests with company performance at all levels.
  • Long-Term Focus: The structure incentivizes both short-term (tradable shares) and long-term commitment (non-tradable shares), promoting sustainable growth strategies.
  • Fairness and Transparency: The clear ownership structure, profit-sharing mechanisms, and defined rules for non-tradable share returns promote fairness and transparency.

Challenges and Considerations:

  • Market Fluctuations: Employees with tradable shares might face short-term concerns due to market volatility. Clear communication and long-term focus are crucial.
  • Profit Fluctuations: Calibrating the profit-sharing bonus for top management is essential to ensure sustainability during lean periods.

Further Exploration:

  • Metrics for Bonus Structure: Explore metrics beyond just profits for determining the bonus component for non-tradable share employees.
  • Communication Strategies: Develop effective communication strategies to explain the model’s benefits and address employee concerns.
  • Culture of Shared Ownership: Foster a culture where all employees feel invested in the company’s success, regardless of ownership structure.

By addressing these challenges and continuing to refine the model, we can create a system that promotes employee well-being, long-term growth, and a more equitable stakeholder economy built on the principles of marginal satisfaction.

Remember, this is just a starting point. We can refine this framework further by:
Specifying concrete policies and mechanisms: How can we incentivize businesses to adopt stakeholder-oriented practices?

Addressing potential trade-offs: How can we balance economic growth with environmental sustainability and social justice?

Incorporating specific examples: Can we find real-world examples of businesses that are successfully implementing stakeholder capitalism principles?

By working together, we can explore these questions and develop a more concrete plan for an economic system built on margin satisfaction, stakeholder well-being, and ethical principles. This economic strategy has the potential to create a more just, sustainable, and prosperous future for all.


AI companions contributed

A stakeholder economy built on Social Values is best.

Milton Friedman’s shareholder enrichment approach has been the dominant business philosophy for decades. However, there are a number of reasons why we should stop embracing this approach and focus on the Golden Rule, quality, and sustainability instead.
First, Friedman’s approach is based on the idea that the only social responsibility of a business is to increase its profits. This is a narrow view of business that ignores the many other stakeholders that businesses have, such as employees, customers, suppliers, and the environment.
Second, Friedman’s approach has led to a decline in the quality of products and services. When businesses are only focused on making profits, they are less likely to invest in research and development or to make sure that their products are of high quality. This has led to a number of scandals, such as the Volkswagen emissions scandal and the General Motors ignition switch recall.
Third, Friedman’s approach has contributed to environmental problems. When businesses are only focused on making profits, they are less likely to invest in sustainable practices. This has led to an increase in pollution and climate change.
Fourth, Friedman’s approach has led to a decline in worker satisfaction. When businesses are only focused on making profits, they are less likely to invest in their employees or to provide them with good working conditions. This has led to an increase in employee turnover and dissatisfaction.
Fifth, Friedman’s approach has led to a decline in trust in businesses. When businesses are only focused on making profits, they are more likely to engage in unethical or illegal behavior. This has led to a decline in public trust in businesses.
In contrast, the Golden Rule, quality, and sustainability focus on the long-term health of businesses and society. The Golden Rule teaches us to treat others as we would want to be treated. This means that businesses should treat their employees, customers, suppliers, and the environment with respect. Quality means that businesses should produce high-quality products and services that meet the needs of their customers. Sustainability means that businesses should operate in a way that does not harm the environment or future generations.
There are a number of things that businesses can do to focus on the Golden Rule, quality, and sustainability. First, they can adopt ethical codes of conduct. Second, they can invest in research and development to improve the quality of their products and services. Third, they can use sustainable practices to reduce their impact on the environment. Fourth, they can pay their employees a fair wage and provide them with good working conditions. Fifth, they can be transparent about their business practices.
By focusing on the Golden Rule, quality, and sustainability, businesses can create a more just, equitable, and sustainable world.

October 27th, 2022

What Next, You May ask. We shall See

An update of the website was in order and such is happening, and much must still until we satisfy my 2006 concern.

I looked around my site and saw https://www.bis.org/publ/bppdf/bispap114.pdf.

Updated perspective and brought forward truths. Blockchains and digital ledgers with smart contracts work and are fit for the right purpose. But please, memory and power are expensive.

Fake truths the result of the digital no mans land

It is so easy to write blasphemous Tweets, or conspiracy nonsense. Our digital age has given those who cannot find love a channel to express anger and frustration. They expose their lack of empathy, and their inability to grasp the basic peace established Via love.

Tomorrow Immutability and Trustless is this what we want?

2 words immutability and trustless. 

Such big words. The idea something is once written can never be changed, altered, or deleted as well as elegant. Or that there is no need to worry about anything, what is presented simply is one instance of knowledge not until more than two can be found is there the possibility of trust. But if more than a few assemble and not sure then!

In a trustless environment, there is no single entity that has authority over the system, and consensus is achieved without participants having to know or trust anything but the system itself. A definition from one of the major institutions helping to establish this new.  New what?

https://academy.binance.com/en/glossary/trustless

It is the removal of relationships so they can be replaced by something, no someone new that is bothersome.  Words like usury invade reality, and a few get very wealthy as the mass spend to survive, always being driven to need more. 

We have lost the ability to commune.  We lost track if the responsibility to be good stewards of the garden we were given responsibility for .

Crypto

I learned it in school then again at the hand of David Chaum

He taught me that if I kept the key length long the work hard and the hardware self defeating then a digital signature is absolute proof of presence under and agree set of conditions.

We then spoke of operating systems, payments, smart cards, cryptography: asymmetrical and symmetric. Rooted in PKI and the need to assume a trust less world.

Then there is money. We knew, time ago, we could use electrons to replicate notes and coins on ledgers and within balances.

Electronic Passports, National Identity Cards, and Drivers Licenses will have or have had a digital form.

Now we create Digital Assets.

Valued by a market.

Dreaming of unimaginable wealth or food on the table in the morning.

Van Buren v United States

Date & Time:
Tuesday, June 29th, 2021
10:30 AM PT | 1:30 PM ET

Explained: A Legal Perspective on the Future of Cybersecurity Research

The Supreme Court’s Van Buren decision earlier this month aimed to clarify the ambiguous meaning of “exceeding authorized access” in the Computer Fraud and Abuse Act, the federal computer crime law.
In the context of protecting critical infrastructure from hackers, this particular ruling will define how we manage, report, and handle unauthorized access.
It also raises some foundational questions that, if weighed carefully, have the potential to foster a collaborative relationship between researchers and companies. How should good-faith researchers conduct themselves? Does this redefine the relationship between companies and hackers? Is every researcher considered to be in violation of CFAA if they’ve not sought permission to access a system?
Jared L. Hubbard and Christopher Hart have followed this ruling closely and worked on amicus briefs to aid the Court in this matter. They will discuss the case and answer questions.

Speakers:

Jared L. Hubbard, Partner, Fitch LP
Christopher Escobedo Hart, Partner, Co-Chair, Privacy & Data Security Practice – Boston, FoleyHoag LLP


Register on Eventbrite


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Copyright © 2021 Voatz. All rights reserved.

Thinking Voting

Today we seek to ensure each citizen eligible to vote can vote. Issues like location, geography, education are all elements of the values we must embrace as we work to assure the citizens ability to vote.

The first question of voter and eligibility takes us into the realm of who or how elections are managed. Candidates, contests, question are all elements of what is presented to the voter as a ballot. According to practices and rules, contests involve selecting candidates. While questions focus on yes/no answers or a score.

Anonymity creates a need to construct a mechanism to assure one vote per voter while preserving the privacy of the voters identity. This one requirement solved reduces the risk landscape significanttly and complicates the angle of attack.

Adhering to a security first continous improvement principles and integrating prevention and detection into the design of the source code.

I believe Voatz has solved the most challenging task and embraced best of breed components and partners to build a secure immutable record of each unique anonymously signed ballot.

The rest, as long as vendor certification mechanisms and coherent standards exist, has been done over and over again in: financial services, government services, defense, health, and retail. With sound software design and release procedures, built on quality principles inherent in the companies ethos

All we need is the right to improve democracy.