SR / DPR a Reader by Luke Munn Copyright for Text Explicitly Credited Remains with Their Respective Authors
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
How to Opt-Out of the Technocratic State by Derrick Broze Inspired by the Work of Samuel E. Konkin
How to Opt-Out of the Technocratic State By Derrick Broze Inspired by the work of Samuel E. Konkin III 2 Introduction ......................................................................................5 Part 1: Technocracy, Counter-Economics, and the Future of Freedom ..........................................................................................................7 1. What is Technocracy? .................................................................... 8 2. Counter-Economics and Agorism ................................................... 14 3. Vertical and Horizontal Agorism ................................................... 23 4.The Drawbacks (and Solutions) to Living the Counter-Economic Lifestyle …………………………………………………………………….28 Part 2: Counter-Economics as a Solution to Technocracy 5. Counter-Economics for the Digital Age ......................................... 33 6. The Counter-Economic Community: Freedom Cells………………...47 7. The Counter-Economic Underground Railroad ............................. 53 8. Final Thoughts on Surviving the Digital Dystopia .......................... 56 Part 3: Counter-Economics: From the Back Alleys to the Stars by SEK3 Introduction by Derrick Broze………………………………………….61 Background by Victor Koman………………………………………….63 Introduction by Samuel Edward Konkin III ....................................... 67 1. Tax Counter-Economics……………………………………………..70 2. International Counter-Economics ..................................................83 3. Soviet Counter-Economics ..........................................................101 -
Is Bitcoin Really Untethered?
THE JOURNAL OF FINANCE • VOL. LXXV, NO. 4 • AUGUST 2020 Is Bitcoin Really Untethered? JOHN M. GRIFFIN and AMIN SHAMS∗ ABSTRACT This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using al- gorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. The flow is attributable to one entity, clusters below round prices, induces asymmetric auto- correlations in Bitcoin, and suggests insufficient Tether reserves before month-ends. Rather than demand from cash investors, these patterns are most consistent with the supply-based hypothesis of unbacked digital money inflating cryptocurrency prices. INNOVATION, EXCESSIVE SPECULATION, AND DUBIOUS behavior are often closely linked. Periods of extreme price increases followed by implosion, commonly known as “bubbles,” are often associated with legitimate inventions, technolo- gies, or opportunities. However, they can be carried to excess. In particu- lar, financial bubbles often coincide with the belief that a rapid gain can be ∗John M. Griffin is at the McCombs School of Business, University of Texas at Austin. Amin Shams is at the Fisher College of Business, Ohio State University. Helpful comments were received from Stefan Nagel (the editor); an associate editor; two anonymous referees; Cesare Fracassi; Sam Kruger; Shaun MaGruder; Gregor Matvos; Nikolai Roussanov; Clemens Sialm; and seminar and conference -
Cryptocurrency: the Economics of Money and Selected Policy Issues
Cryptocurrency: The Economics of Money and Selected Policy Issues Updated April 9, 2020 Congressional Research Service https://crsreports.congress.gov R45427 SUMMARY R45427 Cryptocurrency: The Economics of Money and April 9, 2020 Selected Policy Issues David W. Perkins Cryptocurrencies are digital money in electronic payment systems that generally do not require Specialist in government backing or the involvement of an intermediary, such as a bank. Instead, users of the Macroeconomic Policy system validate payments using certain protocols. Since the 2008 invention of the first cryptocurrency, Bitcoin, cryptocurrencies have proliferated. In recent years, they experienced a rapid increase and subsequent decrease in value. One estimate found that, as of March 2020, there were more than 5,100 different cryptocurrencies worth about $231 billion. Given this rapid growth and volatility, cryptocurrencies have drawn the attention of the public and policymakers. A particularly notable feature of cryptocurrencies is their potential to act as an alternative form of money. Historically, money has either had intrinsic value or derived value from government decree. Using money electronically generally has involved using the private ledgers and systems of at least one trusted intermediary. Cryptocurrencies, by contrast, generally employ user agreement, a network of users, and cryptographic protocols to achieve valid transfers of value. Cryptocurrency users typically use a pseudonymous address to identify each other and a passcode or private key to make changes to a public ledger in order to transfer value between accounts. Other computers in the network validate these transfers. Through this use of blockchain technology, cryptocurrency systems protect their public ledgers of accounts against manipulation, so that users can only send cryptocurrency to which they have access, thus allowing users to make valid transfers without a centralized, trusted intermediary. -
Cryptocurrency and the Blockchain: Technical Overview and Potential Impact on Commercial Child Sexual Exploitation
Cryptocurrency and the BlockChain: Technical Overview and Potential Impact on Commercial Child Sexual Exploitation Prepared for the Financial Coalition Against Child Pornography (FCACP) and the International Centre for Missing & Exploited Children (ICMEC) by Eric Olson and Jonathan Tomek, May 2017 Foreword The International Centre for Missing & Exploited Children (ICMEC) advocates, trains and collaborates to eradicate child abduction, sexual abuse and exploitation around the globe. Collaboration – one of the pillars of our work – is uniquely demonstrated by the Financial Coalition Against Child Pornography (FCACP), which was launched in 2006 by ICMEC and the National Center for Missing & Exploited Children. The FCACP was created when it became evident that people were using their credit cards to buy images of children being sexually abused online. Working alongside law enforcement, the FCACP followed the money to disrupt the economics of the child pornography business, resulting in the virtual elimination of the use of credit cards in the United States for the purchase of child sexual abuse content online. And while that is a stunning accomplishment, ICMEC and the FCACP are mindful of the need to stay vigilant and continue to fight those who seek to profit from the sexual exploitation of children. It is with this in mind that we sought to research cryptocurrencies and the role they play in commercial sexual exploitation of children. This paper examines several cryptocurrencies, including Bitcoin, and the Blockchain architecture that supports them. It provides a summary of the underground and illicit uses of the currencies, as well as the ramifications for law enforcement and industry. ICMEC is extremely grateful to the authors of this paper – Eric Olson and Jonathan Tomek of LookingGlass Cyber Solutions. -
Cybersecurity-The Silk Road Market
City University of New York (CUNY) CUNY Academic Works Open Educational Resources Hostos Community College 2020 Cybersecurity-The Silk Road Market Amy J. Ramson CUNY Hostos Community College How does access to this work benefit ou?y Let us know! More information about this work at: https://academicworks.cuny.edu/ho_oers/7 Discover additional works at: https://academicworks.cuny.edu This work is made publicly available by the City University of New York (CUNY). Contact: [email protected] CYBERSECURITY: SILK ROAD MARKET These slides describe an account of how the Department of JusEce through the FBI and DEA successfully brought the mastermind, Ross Ulbricht, behind the DARK WEB drug bazaar, SILK ROAD, to jusEce Silk Road Professor Amy Ramson, Esq. This OER material was produced as a result of the PIT-UN network Challenge Grant – New America Creative Commons License This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 4.0 License Ulbricht-head of the Silk Road market Ø Ross Ulbricht was born on March 27, 1984 Ø Ulbricht created the Silk Road website in 2011 Ø Ulbricht earned millions of dollars in profits from the commissions collected on purchases Ø Around January 2012, he adopted the username Dread Pirate Roberts referring to the pirate in the popular novel and film The Princess Bride that is passed to whom ever was wearing the mask Ø In order to assure users that posts from by DPR were his own, DPR authenEcated his posts using an electronic signature known as a PGP key. Ø See explanaon of PGP key signature authenEcaon on next slide PGP electronic signature authenEcaon Ø When sending digital signatures, PGP uses an algorithm that generates a hash (a mathemacal summary) which is encrypted with the sender's private key Ø The receiver uses the sender's public key to decrypt the hash code. -
How Bitcoin Functions As Property Law Eric D
College of William & Mary Law School William & Mary Law School Scholarship Repository Faculty Publications Faculty and Deans 2019 How Bitcoin Functions As Property Law Eric D. Chason William & Mary Law School, [email protected] Repository Citation Chason, Eric D., "How Bitcoin Functions As Property Law" (2019). Faculty Publications. 1896. https://scholarship.law.wm.edu/facpubs/1896 Copyright c 2019 by the authors. This article is brought to you by the William & Mary Law School Scholarship Repository. https://scholarship.law.wm.edu/facpubs How Bitcoin Functions As Property Law Eric D. Chason* Bitcoin replicates many of the formal aspects of real estate transactions. Bitcoin transactions have features that closely resemble grantor names, grantee names, legal descriptions, and signatures found in real property deeds. While these “Bitcoin deeds” may be interesting, they are not profound. Bitcoin goes beyond creating simple digital deeds, however, and replicates important institutional aspects of real estate transactions, in particular recordation and title assurance. Deeds to real property are recorded in a central repository (e.g., the public records office), which the parties (and the public) can search to determine title. When one grantor executes more than one deed covering the same property, recordation acts (race, notice, and race-notice) determine which grantee wins. The Bitcoin blockchain replicates the public records office, giving anyone with a computer the ability to see any Bitcoin transaction. Bitcoin mining replicates the recording of deeds, a process by which formally valid transactions between two parties become essentially a public record. When one grantor executes more than one transaction covering the same Bitcoin, a miner determines which grantee wins simply by moving one transaction to the blockchain before the others. -
The Legal Status and Regulation of Bitcoin in Australia
The University of Notre Dame Australia ResearchOnline@ND Theses 2017 Future digital money: The legal status and regulation of bitcoin in Australia Chinelle van der Westhuizen Follow this and additional works at: https://researchonline.nd.edu.au/theses Part of the Law Commons COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING The material in this communication may be subject to copyright under the Act. Any further copying or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. Publication Details van der Westhuizen, C. (2017). Future digital money: The legal status and regulation of bitcoin in Australia (Master of Laws (Thesis)). University of Notre Dame Australia. https://researchonline.nd.edu.au/theses/160 This dissertation/thesis is brought to you by ResearchOnline@ND. It has been accepted for inclusion in Theses by an authorized administrator of ResearchOnline@ND. For more information, please contact [email protected]. The University of Notre Dame Australia School of Law FUTURE DIGITAL MONEY: THE LEGAL STATUS AND REGULATION OF BITCOIN IN AUSTRALIA Chinelle van der Westhuizen LLB, LLM (University of Pretoria) This thesis is submitted in fulfilment of the requirements of the Degree of Master of Laws by Research 2017 DECLARATION This thesis does not, to the best of my knowledge, contain previously published or written material by another person except where due reference is made in the text, or any material previously submitted for a degree in any higher degree institution. _________________________________ Chinelle van der Westhuizen _________________________________ Date i ACKNOWLDEGEMENTS First and foremost, I thank God for his abundant love and goodness throughout this research period and for Blessing me with the talents to endure such a challenging research project. -
How Do Non-Poaching Agreements Distort Competition? the Rise of The
Advancing economics in business April 2020 TheHow rise do non-poachingof the cryptoexchange giants: whatagreements next for distort trading competition? cryptocurrencies? The rise of the cryptoexchange giants: what next for trading cryptocurrencies? Contact How cryptocurrencies work Helen Ralston Partner Bitcoin and other cryptocurrencies are permissionless forms of blockchain technology that rely on a ‘proof of work’ concept to verify transactions. In such a system, transactions are verified by third parties (commonly referred to as ‘miners’) racing to be the first to solve a unique, complex mathematical problem that is specific to each transaction and the history of preceding transactions. The first miner to solve the problem records the answer in the decentralised blockchain along with Since the inception of Bitcoin over its private key, thereby lengthening the chain. If the network confirms that this is the a decade ago, trading in crypto- correct answer—by other miners also identifying the same solution—the first miner is currencies has exploded. There are rewarded with coins in the system. now thousands of cryptocurrencies and hundreds of cryptoexchanges to Three features of the system make it robust to fraud: first, transactions are verified on a consensus basis (i.e. the majority of the network must agree that the transaction is trade on, of which Binance is by far the correct). Second, the verification (mining) process is time- and energy-intensive and largest. What is the secret of the few intentionally difficult to solve. Third, all transactions are linked, such that if someone big cryptoexchanges, and is the high wanted to change an earlier transaction they would need to redo all the subsequent number of smaller cryptoexchanges mining and do so before the rest of the network approved the next block. -
Bitcoin and the Uniform Commercial Code Jeanne L
University of Miami Law School Institutional Repository University of Miami Business Law Review 6-1-2016 Bitcoin and the Uniform Commercial Code Jeanne L. Schroeder Follow this and additional works at: http://repository.law.miami.edu/umblr Part of the Banking and Finance Law Commons, and the Commercial Law Commons Recommended Citation Jeanne L. Schroeder, Bitcoin and the Uniform Commercial Code, 24 U. Miami Bus. L. Rev. 1 (2016) Available at: http://repository.law.miami.edu/umblr/vol24/iss3/3 This Article is brought to you for free and open access by Institutional Repository. It has been accepted for inclusion in University of Miami Business Law Review by an authorized administrator of Institutional Repository. For more information, please contact [email protected]. Bitcoin and the Uniform Commercial Code Jeanne L. Schroeder* Much of the discussion of bitcoin in the popular press has concentrated on its status as a currency. Putting aside a vocal minority of radical libertarians and anarchists, however, many bitcoin enthusiasts are concentrating on how its underlying technology – the blockchain – can be put to use for wide variety of uses. For example, economists at the Fed and other central banks have suggested that they should encourage the evolution of bitcoin’s blockchain protocol which might allow financial transactions to clear much efficiently than under our current systems. As such, it also holds out the possibility of becoming that holy grail of commerce – a payment system that would eliminate or minimize the roles of third party intermediaries. In addition, the NASDAQ and a number of issuers are experimenting with using the blockchain to record the issuing and trading of investments securities. -
United States District Court Southern District of Florida
Case 9:18-cv-80176-BB Document 277 Entered on FLSD Docket 08/27/2019 Page 1 of 29 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA CASE NO. 18-CIV-80176-Bloom/Reinhart IRA KLEIMAN, as personal representative of the estate of David Kleiman, and W&K INFO DEFENSE RESEARCH, LLC, Plaintiffs, v. CRAIG WRIGHT, Defendant. ___________________________________/ ORDER ON PLAINTIFFS’ MOTION TO COMPEL [DE 210]1 This matter is before the Court on the Plaintiffs’ Motion to Compel, DE 210, and the Court’s Order dated June 14, 2019. DE 217. The Court has considered the totality of the docketed filings, including all pleadings referenced herein and transcripts of all cited court proceedings. As the judicial officer who presided at the relevant proceedings, I retain a current and independent recollection of the events discussed below. I have reviewed all of the exhibits introduced into the record at the evidentiary hearing, including the deposition excerpts filed in the record. See DE 270. Finally, I have carefully considered the arguments of counsel. The Court is fully advised and this matter is ripe for decision. The Court announced its ruling from the bench on August 26, 1 Magistrate judges may issue an order on any “pretrial matter not dispositive of a party's claim or defense.” Fed. R. Civ. P. 72(a). “Thus, magistrate judges have jurisdiction to enter sanctions orders for discovery failures which do not strike claims, completely preclude defenses or generate litigation-ending consequences.” Wandner v. Am. Airlines, 79 F. Supp. 3d 1285, 1295 (S.D. Fla. 2015) (J. -
How Did Dread Pirate Roberts Acquire and Protect His Bitcoin Wealth?
How Did Dread Pirate Roberts Acquire and Protect His Bitcoin Wealth? Dorit Ron and Adi Shamir Department of Computer Science and Applied Mathematics, The Weizmann Institute of Science, Israel {dorit.ron,adi.shamir}@weizmann.ac.il Abstract. The Bitcoin scheme is one of the most popular and talked about alternative payment schemes. It was conceived in 2008 by the mysterious Satoshi Nakamoto, whose real identity remains unknown even though his bitcoin holdings are believed to be worth several hundred million dollars. One of the most active parts of the Bitcoin ecosystem was the Silk Road marketplace, in which highly illegal substances and services were traded. It was run by another mysterious person who called himself Dread Pirate Roberts (DPR), whose bitcoin holdings are also estimated to be worth hundreds of millions of dollars at today's exchange rate. On October 1-st 2013, the FBI arrested a 29 year old person named Ross William Ulbricht, claiming that he is DPR, and seizing a small fraction of his bitcoin wealth. In this paper we use the publicly available record to trace the evolution of his holdings in order to find how he acquired and how he tried to hide them from the authorities. For example, we show that all his income from the months of May, June and September 2013, along with numerous other amounts, were not seized by the FBI. One of the most surprising discoveries we made during our analysis was the existence of a recent substantial transfer (which was worth more than 60,000 dollars when made on March 20-th 2013, and close to a million dollars at today's exchange rate) which may link these two mysterious figures. -
United States District Court Southern District of New York ------X
Case 1:14-cr-00068-KBF Document 21 Filed 03/29/14 Page 1 of 64 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ------------------------------------------------------X UNITED STATES OF AMERICA : 14 Cr. 68 (KBF) - against - : (Electronically Filed) ROSS ULBRICHT, : Defendant. : ------------------------------------------------------X MEMORANDUM OF LAW IN SUPPORT OF DEFENDANT ROSS ULBRICHT’S PRE-TRIAL MOTIONS CHALLENGING THE FACE OF THE INDICTMENT JOSHUA L. DRATEL JOSHUA L. DRATEL, P.C. 29 Broadway, Suite 1412 New York, New York 10006 (212) 732-0707 Attorneys for Defendant Ross Ulbricht – Of Counsel – Joshua L. Dratel Lindsay A. Lewis Whitney Schlimbach Case 1:14-cr-00068-KBF Document 21 Filed 03/29/14 Page 2 of 64 TABLE OF CONTENTS Table of Contents.. i Table of Authorities. iv INTRODUCTION. 1 STATEMENT OF FACTS. 3 ARGUMENT POINT I COUNTS ONE, TWO, AND THREE SHOULD BE DISMISSED BECAUSE THE CONDUCT CHARGED THEREIN AGAINST MR. ULBRICHT DOES NOT STATE AN OFFENSE UNDER THE ENUMERATED STATUTES AND BECAUSE EVEN IF THE CONDUCT DID STATE AN OFFENSE, THOSE STATUTES WOULD BE UNCONSTITUTIONALLY VAGUE AS APPLIED IN THIS CASE. 6 A. The Applicable Law Regarding Challenges to the Sufficiency of an Indictment.. 7 B. The Statutes Cited In Counts One, Two, and Three Do Not Cover the Conduct Alleged Against Mr. Ulbricht.. 9 1. Count One: The Controlled Substances Trafficking Conspiracy. 9 2. Count Two: The Continuing Criminal Enterprise. 13 a. Count Two Fails to Allege Sufficiently That Mr. Ulbricht Occupied a “Position of Organizer, a Supervisory Position, and a Position of Management” Necessary to a CCE Violation.. 14 b. Count Two Fails to Enumerate the Requisite Predicate Series of Violations Necessary to a Violation of 21 U.S.C.