Does a government retain "authority" if individuals can compromise its systems and secrets? And what is a government without authority? If high-level breaches continue, this present era of institutional insecurity--kicked off by Wikileaks, and abbetted by cryptocurrency--will be defined by a third (and more harrowing) question: having lost authority, what might desperate governments do to reclaim it?
Australia's Policital Parties Hacked
Cybersecurity Powerhouse Israel Is Ripe for Election Meddling
"While Israeli engineers develop some of the world’s most sought-after online protection, the government has yet to come up with a coordinated defense to shield the April 9 vote against fake news and other malicious meddling. According to the Israel Democracy Institute research center, responsibility for protecting the vote is divided among at least nine entities. Non-governmental players are stepping into the breach, and volunteers say they’ve already uncovered hundreds of fake accounts with links to Iran, Saudi Arabia, Russia and domestic political parties."
Swiss Voting System Bug Bounty
Wall Street analysts throw cold water on J.P.Morgan’s ‘cryptocurrency’
"'The announcement is a non-event,' said one analyst who declined to speak on the record. 'Maybe you’ll see minor incremental margin efficiency gains within their settlement division, but those numbers will be immaterial to the bottom line for the foreseeable future.''You might not even gain payments efficiency in the short term!,' Lex Sokolin, global director of fintech strategy at Autonomous NEXT, told The Block"
Will Crypto Torch Jamie Dimon?
"But notwithstanding the sophisticated cryptography and protocol design behind JPMorgan’s Quorum distributed ledger system and this digital currency implementation, I’d argue that the Lightning Torch users are working on a much bigger and more important problem. They are mapping out the framework for a radically different peer-to-peer, instantaneous payments system that involves no intermediaries. It’s a model for global, digital cash. That’s a much bigger deal than a bank using a distributed ledger, one that it controls, to enable large institutions it already works with to more efficiently shift money around within the same intermediated banking system."
The Four Horsemen of the Cryptocalypse
"This isn’t supposed to be a doom and gloom list of barriers to blockchain adoption. It’s important to remember, that the Four Horsemen of the Apocalypse were there to purge away the unworthy. Whatever blockchain evangelists might think about the detractors, competitors or regulatory bodies of crypto, these Horsemen of the Cryptocalypse are driving bad actors and projects founded in poor fundamentals away from the space; whilst also reiterating the basis of decentralized ledger technology."
“Proof-of-Nuclear-Bombs”: a most reliable design for stablecoin utility (Part I)
"Objective: To analyze and recontextualize the underlying, human vernacular that accompanies world reserve currency precedents, and using that to lay the fundamental vision for where stablecoins should lead"
Thanks to Crypto Incentives, 3 Tons of Trash Were Removed from Manila Bay
"How much incentive do 224 people need to remove three tons of trash from a beach in Manila Bay? According to a recent event organized by the Bounties Network along with ConsenSys Social Impact and Coins.ph, the answer is $500 worth of cryptocurrency."
A Cashless Society — Is It Possible?
"In the end, there are certainly risks involved when moving to a cashless society, however, it seems to be a plausible idea for the future. It feels like a natural thing to happen as part of the digitalization wave. On the other side, we can also find countries that don’t like the idea of digital money. The average German carries on average more than 100 Euro in his wallet as most restaurants and shops only accept cash payments. Let’s see what the future will bring!"
Germany consults industry about blockchain potential
"There is great interest from would-be participants and investors across a raft of industries including cars, pharmaceuticals, energy and public sector administration that hope to transform mass market processes via blockchain. According to the sources, companies and industry groups that could become stakeholders in a blockchain deployment process in Europe’s biggest economy were invited to supply recommendations from this week onwards. "