Crypto Regulation and Fraud versus Regulated Bankers and Fraud
Are you Ever Protected?
CRYPTO REGULATION IS WHAT “ADOPTION” LOOKS LIKE.
Bitcoin faces regulatory crackdown, Bank of England – Mark Carney, the Bank’s governor, used a speech in London on Friday to attack a situation of “anarchy” in the trading of cryptocurrencies warns
Bank of England to consider adopting cryptocurrency
BoE one of central banks weighing potential benefits amid decline of cash and emergence of Facebook’s libra
https://www.theguardian.com/technology/2020/jan/21/bank-of-england-to-consider-adopting-cryptocurrency
“A piece of shit”: Government report on Wells Fargo corruption shows top executives’ direct complicity in millions of acts of fraud
/ 7:01 am Tue
Last week, the Office of the Comptroller of the Currency handed down stiff penalties for John Stumpf (previously) who was CEO of Wells Fargo during its scandal-haunted decade, during which time it stole from rich people, poor people, veterans, active-service military personnel, homeowners, small businesses, etc, as well as 2,000,000 ordinary customers who had fraudulent accounts opened in their names in order to bleed them of transaction fees, sometimes at the expense of their good credit and even their financial solvency. Under the deal, Stumpf will have to pay $17.5m in fines and cannot ever work in finance again (don’t worry, he’s still a multi-multi-multi millionaire).
Now we have Crypto:
Origins of Crypto #originsOfCrypto
Shatoshi means wisdom.
Nakamoto means central origin.
Dr. Tatsuaki Okamoto
Secure Platform Labs.
[ Research subject ] Cryptography
[ Date of designation ] Apr.1,2007
https://www.ntt.co.jp/RD/e/organization/fellow/fellow_1.html
and
https://www.ntt.co.jp/RD/e/organization/fellow/en_achievements_okamoto.html
The NSA/MIT invented Bitcoin in 1996, but it didn’t have proof of work until 2009.
https://digitalcommons.wcl.american.edu/aulr/vol46/iss4/6/
Received October 31, 1996
With the Compliments of Thomas P. Vartanian
Fried, Frank, Harris, Schriver & Jacobson
1001 Pennsylvania Avenue, N.W.
Washington, D.C. 20004-2505
Telephone: (202) 639-7200
HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
Laurie Law, Susan Sabett, Jerry Solinas
National Security Agency Office of Information Security Research and Technology
Cryptology Division
18 June 1996
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
Computer Science Published 1997
How to Make a Mint: The Cryptography of Anonymous Electronic Cash
Laurie Law, Susan Sabett, Jerry Solinas
TABLE OF CONTENTS
Introduction ……………………………… 1132
I. What Is Electronic Cash? ………………….. 1133
A. Electronic Payment …………………… 1133
B. Security of Electronic Payments …………… 1134
C. Electronic Cash ……………………… 1135
D. Counterfeiting ……………………… 1136
II. A Cryptographic Description ……………….. 1137
A. Public-Key Cryptographic Tools …………… 1137
B. A Simplified Electronic