As their vote is cast using their mobile, the software on the mobile app would get the user to prove that their is no one else around them that could see how they voted, insuring a secret ballot, because after that point, who they voted for is lost as it's written in an encrypted manner to the blockchain that only the smart contract can decipher.
Bitcoin discussion and news
- Thread starter camouflage
- Start date
What are you doing on this thread then ya brain donor?
Storm Fox
Trying the find the next noun to verb
So how does that work? You could have someone just out of shot, or a camera watching your screen. And if it does work, then why can't it be used for General Elections? if it can't be used for General Election, then why would you want to use it for something that could directly and immediately affect your living standards?
The voter would be promped to record video panning their camera around.
I guess legislation would need to be updtated to allow for all of that. Also, there's also the question of voter confidence. There is a difference between being me being satisfied that everything is secure etc and voters being confident that it's all secure.
For example, not everone understands why things just work with blockchain voting and why we should just trust the smart contract. They would have to have some idea how it all works.
This is an example of what I’m talking about. The Bank of England have fined the former Chief Information Officer of TSB Bank plc £81,620 for breaching PRA Senior Manager Conduct Rule 2 (You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system) because he failed to take reasonable steps to ensure that TSB adequately managed and supervised appropriately its outsourcing arrangement in relation to its 2018 IT migration programme.
PRA fines the former Chief Information Officer of TSB Bank plc for a breach of the PRA’s Senior Manager Conduct Rules
The PRA has fined Mr Carlos Abarca, the former Chief Information Officer of TSB Bank plc, for breaching PRA Senior Manager Conduct Rules.
www.bankofengland.co.uk
This follows the £48m+ fine that was levied on TSB for failings of its operational resilience.
This is an example of what I’m talking about. The Bank of England have fined the former Chief Information Officer of TSB Bank plc £81,620 for breaching PRA Senior Manager Conduct Rule 2 (You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system) because he failed to take reasonable steps to ensure that TSB adequately managed and supervised appropriately its outsourcing arrangement in relation to its 2018 IT migration programme.
PRA fines the former Chief Information Officer of TSB Bank plc for a breach of the PRA’s Senior Manager Conduct Rules
The PRA has fined Mr Carlos Abarca, the former Chief Information Officer of TSB Bank plc, for breaching PRA Senior Manager Conduct Rules.
This follows the £48m+ fine that was levied on TSB for failings of its operational resilience.
So you're saying is that regulators ensure people don't do naughty things that they wouldn't be able to do on blockchains in the first place.
Do you understand what the CIO has been fined for?So you're saying is that regulators ensure people don't do naughty things that they wouldn't be able to do on blockchains in the first place.
q_w_e_r_t_y
You see an investment scam and I see divinity
New Darknet market report just dropped. Looks like its transactions are trending downwards.
Cryptocurrencies and drugs: Analysis of cryptocurrency use on darknet markets in the EU and neighbouring countries | www.euda.europa.eu
This report uses data from Chainalysis to estimate the degree of activity in the darknet market ecosystem (from 1 June 2011 to 31 October 2021) and triangulate these activities collated to the countries of the European Union and its surrounding neighbours (54 countries in all; from 1 April 2019...
Yes. Now tell me how that would be applied to a DAO and a blockchain - both of which would be up 100% with no customer data to worry about.
It's all irrelevant.
From where we are sitting, you know us in the crypto-verse.
All we need the regulators to regulate is:
A) The on and off ramps.
B) Stablecoins.
The regulators fucking fuckidy fuck cunting fuck, flat out refuse to anything useful.
Sorry, I will repeat this to get it through to you.
The regulatos, being the 24 carat, corrupt, mega-cunts that they are, DO NOT go after scammers in the crypto space.
They leave the scammers well alone so we can all say that crypto is wall to wall with scammers.
The only thing the regualtors do, is go after the biggest and most sucessful projects that everyone is happy with, that we are 100% sure have no problems.
They do this, because they are corrupt, fithly cunts that what to protect a banking system that has funding and plotted fucking wars for the past 100 years.
Did I say that the regulators are cunts? Yes they are cunts.
Goodnight.
maomao
普費斯
That's because they're losing business to Telegram et al (lots of it still using btc). It doesn't necessarily prove anything about the proportion of btc spent on drugs.New Darknet market report just dropped. Looks like its transactions are trending downwards.
Cryptocurrencies and drugs: Analysis of cryptocurrency use on darknet markets in the EU and neighbouring countries | www.euda.europa.eu
This report uses data from Chainalysis to estimate the degree of activity in the darknet market ecosystem (from 1 June 2011 to 31 October 2021) and triangulate these activities collated to the countries of the European Union and its surrounding neighbours (54 countries in all; from 1 April 2019...www.emcdda.europa.eu
View attachment 370664
They haven't.
But they are the biggest threat to my personal wealth because they are corrupt cunts that are there to protect the interests of banks.
Me scared of regulators.
Banks not scared of regulators.
And just like that, Urban75 has a problem with drugs!
q_w_e_r_t_y
You see an investment scam and I see divinity
This.
The FTX/Sam Bankman Fried case has been utterly eye opening in how it has been managed - not just the regulators mind, the politicians, the universities, the media. The scale of the corruption is off the wall and completely blatent, yet he is treated with kid gloves, given bail and nice write ups in all the broadsheets about how he did a woopsy.The tall tale of his "first billion" alleged to have come from the Kimshi trade is just nonsense....and oh, look - its all starting up again.
Meanwhile Alexy Pertsev is still in jail and Nicolai Mushegian is dead.
littlebabyjesus
one of Maxwell's demons
Hmmm. We'll see. Do Kwon talked big about resurrecting Terra Luna. Terra 2.0 was the predictable flop, and Do Kwon is now in jail.
Not sure about the kid gloves. Bankman-Fraud faces 110 years in jail. His two former partners (one also his sexual partner) have both pleaded guilty and will testify against him saying that he did all the same things they've pleaded guilty to and more. He's fucked.
q_w_e_r_t_y
You see an investment scam and I see divinity
I've been saying for a while that the only reason that I wasnt more afraid of CDBCs was that governments would only be able to attract shit devs.
SG Generale, a French Bank has launched a stablecoin on Ethereum. It requires a multisig transaction every time it is transferred, has a burn function from a central authority and consumes a tonne of gas. The contract is one that would make you run for the hills if you understood anything about cryptocurrency.
No self-respecting dev would ever code something like that. CDBCs are just going to get hacked.
SG Generale, a French Bank has launched a stablecoin on Ethereum. It requires a multisig transaction every time it is transferred, has a burn function from a central authority and consumes a tonne of gas. The contract is one that would make you run for the hills if you understood anything about cryptocurrency.
No self-respecting dev would ever code something like that. CDBCs are just going to get hacked.
gosub
~#
Why the role of crypto is huge in the Ukraine war
Crypto has played a prominent role in the war in Ukraine. So far, pro-Ukrainian groups have raised over $212 million in crypto—far more than pro-Russian groups.
www.weforum.org
gosub
~#
Ended up with some etherium as a half way point to PAXG I ws after (collapse of DVB) wasn't that impressed with Argents compliance procedure though so didn't go as heavy as I intended
teqniq
DisMembered
Oh dear:
watcher.guru
Goldman Sachs, Microsoft, and Others Team Up to Introduce Blockchain Network
Goldman Sachs, Microsoft and a host of other firms are set to team up to introduce a brand new blockchain network
watcher.guru
gosub
~#
Regulate cryptocurrencies like gambling, UK lawmakers say
Cryptocurrency "lacks intrinsic value" and pose a significant risk to UK consumers, a damning report on digital tokens says.
techmonitor.ai
Regulate cryptocurrencies like gambling, UK lawmakers say
Cryptocurrency "lacks intrinsic value" and pose a significant risk to UK consumers, a damning report on digital tokens says.
This is very bad news in the sense that either the committee is corrupt or it doesn't understand crypto.
Unfortunatly I believe it's corrupt because the detail of the report, doesn't even match their conclusions.
It's a complete demonstratable untruth to say that crypto/public blockchains aren't useful.
To then imply "They might be useful" is just them implying that it would be useful if the government could somehow control it.
They are desperate to maintain the falsehood that crypto isn't useful, it can't be argued that it can be used of bought for a purpose.
People buy Ether for lots of uses, most of which do not involve gambling, ergo, financial institutions that buy and sell it, are providing a financial service.
This is a desperate attempt to make the "problem" go away by having it classifed as gambling then having a good old fashioned crackdown on "gambling".
Meanwhile, when the likes of Goldman Sachs and Microsoft do the exact same thing, it's providing a "Financial Service"
Please.
The best way forward, is for the likes to Goldman Sachs and Microsoft to pack in their silly dreams of a government protecting their self-vested interests through bad regulation and simply build their products on top of public blockchains.
Some people on Urban, who see themselves as anti-crypto, say that they are willing to tolerate crypto, because "Many people like to trust a third party intermediary to go to when it all goes wrong." (Or something like that).
Fine. But surely we can have the best of both worlds?
Take this : Goldman Sachs, Microsoft, and Others Team Up to Introduce Blockchain Network
Whatever it is that Goldman Sachs and Microsoft are building, it could have been built on top of the Ethereum blockchain ... so a private blockchain that is secured by a massive and secure public blockchain.
The advantages there is that Goldman Sachs customers would be able to move (some or all of) their assets onto the Ethereum blockchain if they wanted to AND their private blockchain would be more secure.
Some people want ALL of their assets on public blockchains, but then again, there's going to be an awful lot of people who will be wanting some of their assets managed by the likes of Goldman Sachs.
I predict it would be a failed experiment for them and they'll eventually build the same thing on top of Ethereum and many of their customers won't even notice.
Would I use it? Yep ,.... IF it was built on top of Ethereum AND it's wrapped inside a smart contract that allows me to withdraw the lot to Ethereum blockchain on case anything goes wrong.
nogojones
spelling is overrated
I don't think punters in the UK pay gambling tax any more, just the bookies, casinos or whoever.Regulate cryptocurrencies like gambling, UK lawmakers say
Cryptocurrency "lacks intrinsic value" and pose a significant risk to UK consumers, a damning report on digital tokens says.
So if you made bank on crypto previously and cashed out you'd be liable for CGT, but if this goes ahead, it's pure profit (If you win of course)
No one wants people to get into crypto to simply make money. It's far more healthy for people to get into crypto to actually use it.
For the time being at least, we need reasonable regulations so companies and financial institutions aren't in a legal grey area when they are building infrastructure around it.
If regulation wise it's treated like gambling, then it's harder for financial instiutions to build infrastructure on top of it.
It's plain wrong for that report to say that treating crypto as a financial service would give it credibility. Coins like bitcoin and ethereum are NOT financial services anymore than gold is. DEALING in gold or crypto is a financial service.
That's where they are being illogical. On the stock market, there's loads of commodities that you can lose your shirt on, that we all have opinions on. We don't judge the companies that are providing financial services based on the commodities and securities that they provide fianancial services for. So why the double standards with crypto?
Last edited:
nogojones
spelling is overrated
Oh, I do so judge them.
As is your right, but most don't and the politicians certaintly don't and the law certaintly doesn't.
yeah, it's an interesting microcosm - new technology has basically overtaken darkweb/crypto as a way to securely make an untraceable connection. fiddling about with onion sites and exchanges isn't worth the hassle.
Similar threads
