This morning, the AP is reporting that the Biden administration is blaming China for the massive hack of Microsoft's Exchange server software earlier this year. Continue Reading →
Techno-politics
Posts I've written about Techno-politics.
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Here's a quote from Dr. Vivek Murthy that will not surprise you: "As surgeon general, my job is to help people stay safe and healthy, and without limiting the spread of health misinformation, American lives are at risk." Continue Reading →
As you know, the IRS's middle name is "Revenue," so it won't surprise you to learn that the IRS is very interested in taxing your crypto gains. Continue Reading →
With all the talk of reigning in big tech, we are hearing far too much about antitrust issues and far too little about data regulation. There may or may not be good reasons to break up big companies -- that's for others to decide -- but there is one very good reason we need to regulate data aggregation: people are being materially harmed by data abuse. Continue Reading →
President Biden plans to sign a sweeping executive order, which includes 72 actions and recommendations and involves a dozen federal agencies, to re-shape the thinking around corporate consolidation and antitrust laws. Continue Reading →
The top global standard setter for banking regulation -- The Basel Committee for Banking Supervision, a group of global central bankers and regulators -- proposed a strict new rule that would require banks to set aside a dollar in capital for every dollar of bitcoin or other crypto assets they own. Stablecoins (cryptocurrencies pegged to traditional assets) would be subject to lower capital requirements. Continue Reading →
President Biden has issued Executive Order on Protecting Americans’ Sensitive Data from Foreign Adversaries, rescinding the previous administration's Executive Orders, which banned TikTok, WeChat, and other Chinese apps including Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office. Continue Reading →
The crypto markets got hammered over fears that the FBI had recovered the ransom Colonial Pipeline paid in bitcoin (true), and, therefore, all crypto can be easily hacked (false). The FUD is still rampant, and the depth and breath of misinformation and misunderstanding about the hackability of cryptocurrency is profound. Continue Reading →
Mike Novogratz has a good reason to believe that crypto is valuable. In March 2021, he revealed that cryptocurrencies made up nearly 85% ($4.8 billion) of his $5.65 billion net worth. But is crypto useful? Continue Reading →
I have often wondered which would be worse: a world where social media platforms are not held responsible for the content people post, or a world where they are. This "thought experiment" just became less hypothetical, as Twitter is testing three levels of warning labels for tweets its algorithm scores as potentially containing misinformation: "Get the latest," "Stay Informed," and "Misleading." Continue Reading →