Educational CyberPlayground Newsletter 3-23-21

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“The main business of humanity is to do a good job of being human beings, not to serve as appendages to machines, institutions and systems.” – Kurt Vonnegut

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TAXES

Mr. Biden campaigned on increasing the corporate tax rate from 21% to 28%, raising the top individual tax rate from 37% to 39.6% and increasing capital gains taxes on people who earn more than $1 million per year.

BITCOIN

Milton Friedman predicts the rise of Bitcoin in 1999!

Milton Friedman – Rights of Workers (Q&A)

The mainstream press has declared Bitcoin “dead” at least 500 times over its existence. They’ve been wrong every single time.

December close: $28,992
January close: $33,141
February close: $45,240
March 17 price: $55,000
We are only 3.5 months into the #bitcoin bull market.

Bitcoin is worth more than Visa and Mastercard put together, not to mention the world’s 3 biggest banks

Why central banks around the world want to get into digital currencies — And so it begins… At first, a mere crack.
A French parliament member has signed a petition to amend the legal guidelines to allow the central financial institution of France to purchase and maintain bitcoin in addition to different cryptocurrencies. The petition urges lawmakers to urgently take into account the matter, warning that not proudly owning bitcoin will put France “in a financially weak place inside 5-10 years.”

The Banks will be begging for bitcoin.

ENERGY

Federal Reserve’s Digital Dollar Push Worries Wall Street

3 bitcoin-mining experts explain why concerns around the cryptocurrency’s massive energy consumption are overblown

#MoscowMitch Kentucky poised to approve tax, energy incentives for cryptocurrency mining -THEY ARE BURNING COAL

Bitcoin uses more energy than American Airlines and each $1 billion in inflows is equal to owning 1.2 million cars, Bank of America says.
In 2019, American Airlines spent $9.395 billion on fuel to generate $3.065 billion in operating income. Energy intensity is 306% vs. 1% for #Bitcoin The primary use of BTC energy is to protect $1 trillion+ network assets.

Colorado’s legal cannabis farms emit more carbon than its coal mines

“Quantifying #Bitcoin’s Carbon Emissions” by @BryceWeiner addresses the network’s power consumption in terms of renewable and nonrenewable sources.
One cannot solve a problem before one quantifies it.
Note: I *explained* my work but I did not *show* my work. This will force any detractors to perform the calculations on their own, which provides a basis by which any discussion might be had as to its accuracy from a position of direct knowledge.
Also note: this method can be applied to any network using any consensus method provided a proper engineering review is performed to identify the exact computer instructions required to complete a calculation.
Imagine thinking there’s a more noble purpose for that electricity than providing the means to exit the capitalist death machine.

REPUBLICANS ARE A LEPER COLONY

Nearly Half Of All Americans, Including Most Republicans, Say They Would Not Get Covid-19 Vaccine

US prison guards refusing vaccine despite COVID-19 outbreaks

Opposing the Vaccines: GOP has a Serious Health Issue

Novel Coronavirus Circulated Undetected Months before First COVID-19 Cases in Wuhan, China

Congressman calls for service members, veterans who stormed the Capitol to be stripped of benefits

FBI Director Wray Interview: Capitol Attack, Atlanta Shootings

New Proud Boys Charles Donohoe and Zach Rehl Busted for Capitol Riot Have Wild Police Ties

“A Tradition of Violence: The History of Deputy Gangs in the Los Angeles County Sheriff’s Department

Fox News Network Producer Eric Spinato COVID DEAD !
Media CEO Suzanne Scott, Fox News president Jay Wallace, and Fox Business president Lauren Petterson spreading covid lies.
https://www.cnn.com/2021/03/22/media/fox-business-network-producer-eric-spinato-death/index.html

DOJ official says there is evidence to charge sedition in U.S. Capitol assault

70% of voters support the Equality Act even as Senate Republicans try to stop it

DARK MONEY

The Money Trail to the Siege at the Capitol Leads to Charles Koch and Koch Industries

The IRS Now Audits Poor Americans at About the Same Rate as the Top 1%

The IRS collects just 39% of taxes owed by millionaire tax evaders. Tax evasion is usually a rich-people thing because regular people get taxes taken from their paycheck. If we collected what rich people legally owe, we could cut taxes for everyone else.

Sheldon Whitehouse (D-RI), who has written extensively on the corrupting influence of dark money on American democracy, chairs that Subcommittee on Federal Courts, Oversight, Agency Action and Federal Rights.
https://harvardjol.com/wp-content/uploads/sites/17/2020/05/Sen.-Whitehouse_Dark-Money.pdf

Lisa Graves, President of the Center for Media and Democracy, that was presented at this hearing, there would be no doubt in their minds that the Federal court system in the United States has been obscenely corrupted by dark money, coming predominantly from fossil fuels billionaire Charles Koch and his dark money network.
https://wallstreetonparade.com/wp-content/uploads/2021/03/Testimony-of-Lisa-Graves-on-Dark-Money-Corrupting-the-Courts-March-10-2021.pdf

France to return Klimt painting sold under duress during Nazi era

Koch’s political arm, Americans for Prosperity (AFP)
“AFP is only one part of the influence machine Koch Industries’ CEO has built up to capture the Supreme Court—and, with it, the meaning of our Constitution. The network he funds includes the Federalist Society a pro-corporate anti-regulatory agenda. Leonard Leo, the Co-Chairman of the Koch-funded Federalist Society. Graves says that “more than $400 million” was received by this dark money network between 2014 and 2018.

Graves list the following as part of the dark money judicial nominations influence network, in addition to the Federal Society:

“CRC Advisors. In 2020, Leo announced he was moving from executive vice president to co-chair of the Federalist Society to lead a for-profit company called CRC Advisors. It advises wealthy donors on judicial appointments, state officials, and policies. Its CEO is Leo’s friend Greg Mueller, who led Creative Response Concepts (CRC), a public relations firm that Koch groups have hired. CRC has been a major contractor of the Federalist Society since at least 2007 and has been paid by numerous Leo organizations in recent years. Jonathan Bunch serves as its executive director and is a former Federalist Society staffer, according to a CRC press release.

“Judicial Crisis Network/Concord Fund. After the 2004 election, the Judicial Crisis Network (JCN) was conceived at a small dinner party Leo attended with Neil Corkery and others. Justice Antonin Scalia was a guest. Launched as the Judicial Confirmation Network, it was created in anticipation of the Supreme Court vacancies that George W. Bush ultimately filled with Justices John Roberts and Samuel Alito. Corkery was one of three original board members, with Gary Marx (a Ralph Reed operative) and James Hirsen (an advisor to Mel Gibson’s splinter Traditionalist sect). Corkery has acted as a treasurer of several Leo-linked groups, in addition to helping to lead the anti-gay National Organization for Marriage.

“JCN is led by Carrie Severino, a protégé of Leo’s who used to clerk for Justice Thomas, out of the Federalist Society office. But, according to a former media relations director for Leo, ‘The JCN is Leonard Leo’s PR organization—nothing more and nothing less.’ The groups serves as a major conduit of money to the Republican Attorneys General Association, its sister group the Rule of Law Defense Fund, and the Republican State Leadership Committee (which has spent millions to try to capture state Supreme Courts, including on hundreds of thousands of ads in 2020).

“During the Trump administration, JCN received massive infusions of cash from one donor, whose identity was not made public. Subsequently filings by a group called the Wellspring Committee, discussed below, showed it provided similarly large grants to JCN, and Wellspring in turn received most of its funding from a single secret source. For example, in 2018, Wellspring made a $17.1M anonymous donation to Judicial Crisis Network (78% of total revenue of $22M in dark money that year). The year before that, it made a $21.5M anonymous donation to JCN (84% of revenue of $25.6M in dark money that year).

“Wellspring Committee. The group was created and run by Ann and Neil Corkery. Its origins are in the Koch donor network. Then, after Justice Scalia died, it got more than $28 million from one donor. In 2016-17, it gave JCN $38 million, as JCN blocked [Obama nominee Merrick] Garland and backed Gorsuch. After much scrutiny and Kavanaugh was confirmed, it closed its doors. In all, it gave JCN more than $58 million.

“Rule of Law Trust. As Wellspring was being closed down, Neil Corkery created this group in 2018. Leo is listed as its only trustee, and almost all its known expenses are related to BH Group reimbursements, another Leo group. Rule of Law Trust brought in three contributions (possibly from one, two, or three individuals) totaling $80 million in 2018. It distributed two grants in 2019: $500,000 to People United for Privacy and $895,000 to America Engaged.

“America Engaged. Leo is this group’s president, and Bunch is a director. Other board members are C. Boyden Gray and Todd Graves, a former state attorney general. It has given nearly $4 million to Charles Koch’s Freedom Partners. In 2017, it gave nearly $1 million to the NRA as it backed Gorsuch.

“Judicial Education Project/85 Fund. This is a Neil Corkery entity tied to Leo. JEP’s other fictitious names are the ‘Law and Policy Forum’ and the ‘Honest Elections Project’ (HEP), which has been criticized for peddling voter fraud claims. JEP has filed amicus briefs in Severino’s name siding with Trump on emoluments, and in cases on abortion, the Affordable Care Act, Deferred Action for Parents of Dreamers, the Voting Rights Act, and attacks on workers.

“BH Group, LLC. This was created by Corkery after Scalia died. As of the last known publicly filing, Leo controls 35% of it, and he has been listed as an employee. Since 2016, it received $2.37 million from JCN and $2 million from JEP. It also contributed $1 million to Trump’s inauguration. Wellspring gave it over $1.5 million for PR, yet it does not have a website.

“BH Fund. Leo is the president; Bunch is a director. It was launched with a secret $24 million donor and gave $20 million to George Mason University’s law school, securing Scalia’s name and Leo’s special influence.

“Freedom and Opportunity Fund. Leo is president, with Graves and Bunch on the board. It gave $4 million to the Independent Women’s Voice as it sought to keep Scalia’s vacancy open and supported the Gorsuch nomination. It received $400,000 from BH Group in 2017

The Federalist Society, Dark Money, and Trump’s Court – Pittsburgh Current

The Koch Coup: Charles Koch’s Political Machine Bankrolled Senators Who Will Attempt to Steal Election for Trump Tomorrow

The White Republican Political Machine

And there it is – election machine rigging claims by supporters of #TheBigLie determined “not credible.”

Investigation finds Pennsylvania postal worker’s mail-in ballot fraud allegation was hogwash.

Italy Can Evict Steve Bannon’s School for Far-Right ‘Gladiators’ From an 800-Year-Old Monastery, the Country’s Top Court Rules

The world abandoned COVID-19’s best antidote: Whistleblowers

278 GOP Lawmakers Voted for Trump Tax Scam, But 0 Voted for Covid Relief

Facebook Has Found a New Way to Ruin Media

$1.3 Trillion ‘Pandemic Profits’ of US Billionaires Could Pay for Two-Thirds of Biden Covid Relief Plan

Republican Racist Idiot Arizona GOP lawmaker John Kavanagh says ‘quality’ of vote should matter!

Rep. Paul Gosar’s siblings say he’s a white supremacist — but his GOP colleagues stay silent

Belief in white Jesus linked to racism

“Original Black Panther Party speak out in Minneapolis”

“Huge Victory”: Black Farmers Hail $5B in New COVID Relief Law to Redress Generations of Racism

ALSO TRUE

DoNotPay can file unemployment claims for every state

Ghana will no longer sell cocoa to Switzerland

Scientists claim feeding cows seaweed could slash their methane emissions by a staggering 82 percent

Maine Dairy Drivers Settle Overtime Case That Hinged On An Absent Comma

SolarWinds Hack Compromises U.S. Courts Electronic Filings

A hacker who exposed Verkada’s surveillance camera snafu has been raided

Biden administration to cancel $1 billion in student-loan debt held by scammed borrowers

Biden’s Education Secretary cancels debt for about 72,000 students

Top NATO Scientist With Security Clearance Busted Spying for China

Most Americans say prosecuting Capitol rioters is ‘very important’

Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds

The world — as you know it—  is going to change in the next several weeks.
Bitcoin acceptance in the USA officially gets the green light tremendous accomplishment.

This is confirmation the 4th largest U.S. Investment Bank is gonna start shilling #bitcoin to its WEALTHIEST clients. Getting in bed with the very bankers that crypto is trying to disrupt.

 

BUT Bitcoin is for everybody!

The optics that somehow $BTC is only suitable for wealthy investors stinks everyone needs to own some. Hopefully retail of every level already knows they can enter and that institutional adoption gives credence to adoption. everyday people don’t need permission they can  buy at levels $1 and above including within their IRA.

Galaxy is thrilled to partner with Morgan Stanley, the first US bank to offer Wealth Management clients access to bitcoin funds.

WOW! Morgan Stanley is bringing two bitcoin funds to their platform. Galaxy Digital and NYDIG will both be onboarding millions of people to bitcoin via the largest US brokerage. Morgan Stanley is in the game. Bitcoin is inevitable.

That Morgan Stanley would offer access to an NYDIG fund is perhaps unsurprising, given that the Wall Street bank was among those to participate in NYDIG’s $200 million growth capital round earlier this month.

NYDIG’s CEO, Robby Gutmann, said during a podcast appearance earlier this week that “[i]n the next week, you’ll see game-changing milestones for bitcoin adoption in the financial landscape.”

“Galaxy is thrilled to partner with Morgan Stanley, the first US bank to offer wealthy clients access to bitcoin funds,” Galaxy founder Mike Novogratz said in a tweet after the news broke.

Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds

Galaxy is thrilled to partner with Morgan Stanley, the first US bank to offer Wealth Management clients access to bitcoin funds.

$2.3 trillion wealth manager Morgan Stanley has alerted its legion of ~16,000 wealth advisors that it will offer accredited clients access to Bitcoin-related funds. Source at the bank says it could offer access to at least one fund by NYDIG or Galaxy Digital.
The investment bank told its financial advisors Wednesday in an internal memo that the bank is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter.
Two of the funds on offer are from Galaxy Digital, the crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.
The bank is only allowing its wealthier clients access to the volatile asset: The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. Investment firms need at least $5 million at the bank to qualify for the new stakes. Investment firms need at least $5 million at the bank to qualify for the new stakes. In either case, the accounts have to be at least six months old.
https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html

 

 

Educational CyberPlayGround, Inc. NetHappenings 12-8-2020

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HOW IT STARTED | HOW’S IT GOING

HOW IT STARTED
“A damn stupid thing to do”—the origins of C 

HOW IT’S GOING
The Modern World Has Finally Become Too Complex for Any of Us to Understand | by Tim Maughan

Election

Russian State-Sponsored Actors Exploiting Vulnerability in VMware® Workspace ONE Access Using Compromised Credentials

How a suspected Chinese spy gained access to California politics https://www.axios.com/china-spy-california-politicians-9d2dfb99-f839-4e00-8bd8-59dec0daf589.html

When we lose an election Republicans tell us to “get over it”. When they lose an election they accuse everyone of cheating, call for investigations, beheadings, martial law, civil war, whine about it on Fox News, bring law suits, & take it all the way to the supreme court.

#IMPOTUS a quadrillion to the fourth power is the Biggest incumbent Loser of the Presidency.

Russian Media Wants Moscow to Grant Asylum to Trump 

Russian media and lawmakers are concerned about the future of the Kremlin’s favorite U.S. president.

Unsanitized: The Dealmakers Don’t Want to Make a Deal

Mitch McConnell keeps dodging and obfuscating. This is The COVID-19 Daily Report for December 9, 2020.
https://prospect.org/coronavirus/unsanitized-dealmakers-dont-want-to-make-deal-stimulus-liability/

GOP lawyer resigns over treatment of Florida data analyst
https://www.tampabay.com/news/florida-politics/2020/12/08/gop-lawyer-resigns-over-treatment-of-florida-data-analyst/

Fired Data Scientist Rebekah Jones Raises $100K After FDLE Raid https://www.wlrn.org/news/2020-12-08/fired-data-scientist-rebekah-jones-raises-100k-after-fdle-raid

HEALTH

@guelphgirlchris
So my Proud Boys brother refuses to take the COVID vaccine because “Bill Gates is funding it and he is having micro chips put in the vaccine so he could track our movements.”

Small Data, Big Implications
What we can learn from the latest indoor dining study

Anti-Coronavirus Vaccine Movement Grows, Fueled By Online Misinformation, Conspiracies
https://www.wbur.org/hereandnow/2020/12/08/anti-vaccine-misinformation

Twitter billionaire Jack Dorsey gives U.S. mayors $15M to fund basic income
https://thehill.com/changing-america/resilience/smart-cities/529316-twitter-billionaire-jack-dorsey-gives-us-mayors-15

Instead of a colonoscopy, a new screen tests poop for colorectal cancer-related bacteria https://massivesci.com/articles/microbes-test-colorectal-cancer-fit-p-micra-poop/

Mellissa Carone says she will not quarantine, despite sitting next to Giuliani for 30 minutes without masks, and despite health officials in Ingham County calling on anyone in contact with Giuliani in close range for more than 15 minutes to do so.

MONEY

Feds, states sue Facebook over alleged antitrust violations, laying groundwork for possible breakup

The antitrust lawsuits were announced by the Federal Trade Commission and New York Attorney General Letitia James.
“It’s really critically important that we block this predatory acquisition of companies and that we restore confidence to the market,” James said during a press conference announcing the lawsuit.
https://tucson.com/news/national/feds-states-sue-facebook-over-alleged-antitrust-violations-laying-groundwork-for-possible-breakup/article_1c00c9c3-2c04-5e72-91d2-078bdd89247e.html

Congress should offer all WFH workers home-office deduction on their taxes

Sorry, but It’s Just Easier and Cheaper to Audit the Poor
CAUSE they defund the IRS and the layers that go after the 1%

Tom Malinowski @Malinowski
Diplomat, father, former Assistant Secretary of State for Democracy, Human Rights and Labor. Congressman representing New Jersey’s 7th district.
“Tonight we passed a defense bill, by a veto-proof margin, that bans the registration of anonymous shell companies in the U.S., so criminals and kleptocrats can’t hide their illicit cash here, and to give President-elect Biden a potent tool to fight corruption at home and abroad.”

 

BITCOIN

Even the mainstream economists at the Fed Phily & their collaborators recognise central bank digital currency – accounts at the central bank for the public, competing directly with banks who have been providing digital currency so far – will kill the banks
https://www.philadelphiafed.org/consumer-finance/payment-systems/central-bank-digital-currency

From Bankless to Launching Our Own Banks – The Evolution of Crypto Regulations with Hailey Lennon
https://podcasts.apple.com/us/podcast/from-bankless-to-launching-our-own-banks-evolution/id1535260461

Kraken Becomes First Crypto Exchange to Charter a US Bank
On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter.

NOW You can have a bitcoin bank account.

Our mission is to bring crypto to everyone. Kraken CEO Jesse Powell explains it all in our video series: Crypto 101
https://www.kraken.com/
Kraken is now the first SPDI bank in Wyoming. According to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will also be the first newly chartered (de novo) bank in the state since 2006.
“By becoming a bank we get direct access to federal payments infrastructure, and we can more seamlessly integrate banking and funding options for customers,” said David Kinitsky, a managing director at Kraken and the CEO of the newly formed Kraken Financial. (Kinitsky has run Grayscale Investments, was the first digital assets hire at Fidelity and was most recently head of business development at payments startup Circle.)
https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law

Why it’s still very difficult for an institution to own bitcoin.
If you don’t have firsthand experience with how traditional financial
institutions (pensions, corporate treasuries etc) administratively permission the …

Educational CyberPlayGround, Inc. NetHappenings 12-1-2020 Bitcoin

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Bitcoin

Bitcoin rallies above $19000 after biggest rout since pandemic
The futures market is proving that it’s becoming a more important risk-hedging venue for Bitcoin. Open interest on the CME Group platform has…
https://m.economictimes.com/markets/stocks/news/bitcoin-rallies-above-19000-after-biggest-rout-since-pandemic/articleshow/79494373.cms

Bitcoin Hits New Record, This Time With Less Talk of a Bubble
The crazy cousin of traditional currencies, which fell below $4,000 in March, passed $19,783. More investors now are buying it for the long term. Buyers — led by American investors, including companies and other traditional investors — are treating Bitcoin as an alternative asset, somewhat like gold, according to an analysis from the data firm Chainalysis.
https://www.nytimes.com/2020/11/30/technology/bitcoin-record-price.html

and
https://www.wsj.com/articles/bitcoin-hits-all-time-high-of-19-786-topping-record-from-december-2017-11606750573

BTIG says cryptocurrency ‘comes of age,’ puts $50000 target on bitcoin for 2021
https://www.cnbc.com/2020/11/30/btig-says-cryptocurrency-comes-of-age-puts-50000-target-on-bitcoin-for-2021.html

Bitcoin hits all-time high of $19857, extends year-to-date return to 177% Business Insider
https://markets.businessinsider.com/currencies/news/bitcoin-hits-new-record-high-after-trading-above-19700-2020-11-1029849416

Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios
https://www.coindesk.com/investment-giant-alliancebernstein-now-says-bitcoin-has-role-in-investors-portfolios

What Bitcoin’s New Record Means For Wall Street. It’s not an existential threat to the banking system, but a spur toward a post-Covid digital payments
https://www.bloomberg.com/opinion/articles/2020-12-01/what-bitcoin-s-new-record-means-for-wall-street
and https://www.bloomberg.com/news/articles/2020-11-30/bitcoin-rallies-toward-19-000-after-biggest-rout-since-pandemic

Bitcoin hit the $19800 mark. What the IRS wants to know about your holdings
Bitcoin’s value hit a record on Monday, surging past $19,800 for one unit of the cryptocurrency. Whether you bought, sold or exchanged any of your …
https://www.cnbc.com/2020/12/01/bitcoin-hit-the-19800-mark-how-this-could-affect-your-2020-taxes.html

The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” https://news.bitcoin.com/venezuela-army-mining-bitcoin-for-unblockable-income/

xoxoxox

NetHappenings!