There has been a lot of speculation recently regarding whether or not I am Satoshi Nakamoto, the infamous creator of Bitcoin, and more recently whether or not a Bitcoin address which I control was used to fund the Silk Road marketplace. I would like to address these two issues now and hopefully put them to rest.
Archive for the ‘economics’ Category
I’m not going to talk about their underlying quest to end the Federal Reserve (with which I wholeheartedly agree), or about their multi-site raid by the FBI last year where all of their current inventory and all of the metals backing the Liberty Dollar warehouse receipts (paper currency) were confiscated. No, I’m not going to talk about any of their politics or their legal troubles; what I am going to talk about is their currency model.
I have long been fascinated with self-given names, and the effect they have on the entity being named. Having grown up with my roots firmly planted in the computer security underground, I regularly met and dealt with people identified only by their self-given handles (pseudonyms). I soon began to notice that many of these people seemed to embody traits and mannerisms that coincidentally aligned with the character assumptions and mental imagery that their handle’s subject-matter embodied. After a while I began to wonder, did these personal traits cause the person to name themselves in a certain way, or did naming oneself a certain name begin to manifest such corresponding traits in the individual? I’ve done some preliminary research into this subject, however I’m not quite ready to release my results… that’s a discussion for another time. Instead, today I want to comment on an observation regarding an entity of another type; a corporation.
After reading this article regarding the state of the IDS/IPS market and how IDS systems still and will likely have their niche, I was reminded of the common problem that plagues both Information Security and the War on Drugs; the majority of the focus is on detection and policing rather than on prevention and treatment, the former of which is usually an expensive, time-consuming, and futile battle.
One of the promises of VoIP is it’s cost-effectiveness. By overlaying the new breed of telephony networks on top of our existing data networks and the Internet, thereby leveraging a transport mechanism that we’re already maintaining and paying for, we rid ourselves of the high toll charges imposed on us by the traditional telephony services by allowing end-users to call each other, regardless of the distance, essentially for “free.” And not just within our corporate walled gardens either; Skype, for example, has built the core of their business around providing a basic service of free phone calls between end-user consumers.
With the traditional telephony business model, the further away from the party you are calling, the higher the toll charge to call them. Even local calling within your local geographic area carries a cost, although now days that cost is generally a monthly flat-rate. The core business is built on these toll-ridden services, and “toll-free” calls are the exception to the norm. These so-called “toll-free” calls aren’t really toll-free at all however, they are only free to the party making the call; the recipient of the call pays the premium to provide this “free service” to their callers. The bottom line is, the consumer is usually being charged something throughout the entire spectrum of services. With VoIP and the new era of telephony, this is all changing…