Hygienic hysteria returns to center stage. While the media are cheating on it, the European Central Bank (ECB) is preparing to drown us under a second wave of billions. It is rumored that Frankfurt will reopen its monetary valves before Christmas. A godsend for Bitcoin.
Reuters made inquiries with 8 informants having their entries at the European Central Bank (ECB). The world news agency reports that the tension is growing. Christine Lagarde, who had succeeded in recreating the lost consensus under the aegis of Mario draghi, would be too conciliatory with the governors wishing soften more monetary policy.
Fringe ” hawkish Of the Governing Council complains that the good performance of the economy this summer is not being emphasized more. Conversely, the governors “ Dovish »Grow Christine Lagarde to adopt more haughty language highlighting the risks hanging over growth and the appreciation of the euro against the dollar.
Both factions have views diametrically opposed. The falcons would like the ECB to start resell the debts it holds in its balance sheet. On the contrary, the doves wish to increase the “Pandemic Emergency Purchase Program” (PEPP). In short, from “Quantitative Easing” (QE) but special Covid edition…
Mario draghi had grown accustomed to making meaningful public statements even before speaking to the Board of Governors. An attitude that had warmed the spirits, especially that of Jens Weidmann, the president of the Bundesbank.
We thought the hatchet was buried thanks to the renowned tact of Christine Lagarde, but discord has finally made a comeback. In question, the governor Panetta which took its ease last week by declaring that the ECB should risk ” do too much rather than not enough “.
“It’s like Mario is back” the anonymous Reuters source said …
As regards the permanent staff of the ECB, the latter also seems to be in favor of carrying out a very “accommodating” monetary policy by recommending passing the Special Covid QE of 1350 billion to 2000 billion! Christine Lagarde was not receptive to this suggestion, but it is rumored that the majority of governors would welcome announcements to this effect on December 10.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Banks in the Euro Zone can already borrow at a rate of up to -1% (the famous TLTRO). Put another way, the ECB pays private banks to borrow at its counter. But Reuters sources suggest that the ECB will not move on rates this year.
By the way, once this money is borrowed, the banks are exposed to a negative rate of -0.50% if they keep it in their “coffers” without lending it to the real economy (SMEs).
So there remains mainly the QE (buyout of sovereign debt) in an attempt to restart the debt machine. The mechanism being that after buying the debts from the private banks, the latter end up with a lot of cash which will be taxed at -0.50%. What forces them to lend, States and multinationals in particular, at any rate, as long as it is above -0.50%. Many countries like Germany, France, Austria and Holland are now getting paid to go into debt. For example, the French 10-year rate is currently -0.25%.
To summarize, the ECB is using the Covid crisis as a pretext to distribute billions of euros while being forgotten behind the antiseptic media fog. Neither seen nor known, we are witnessing the massive bailout of banks. So many billions that will end up fueling the debt ponzi scheme and sacrosanct growth.
Perverse consequence (sought?….) Of this system: multinationals jostle at the gate and use all this free manna to buy back their own shares. This generates an artificial rise in their stock market prices and exacerbates inequalities.
Another consequence: the currency is devalued. In other words, savings and our purchasing power are eroded by inflation. Speaking of which, don’t miss our big piece coming out this week on the massive manipulation of inflation numbers.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Gradually, around the world, authorities are fueling fear and panic with a phantom epidemic having nothing to do with that of March in terms of lethality. It seems written in advance that the ECB will jump at the opportunity of a re-containment to imprint our impoverishment. Protect before it’s too late. Save in the form of Bitcoin!
Child of Satoshi, the alchemist who turned a cryptographic algorithm into gold.
I’m talking about monetary geopolitics, not shitcoins.
Bad crypto news of the week By Cointelegraph
Safety, regulation, and data gaps: Dangerous crypto information of the week
Columbian Congressman Highlights Challenges Of Crypto Legislation
Mauricio Toro stands as a congressman of Columbia, as well as a member of the Alianza Verde party. Toro has recently authored a draft bill, with the intent to regulate the crypto industry within Columbia. In a recent interview done with Confidencial Colombia, a local news outlet, he highlighted the challenges the proposed legislation could face
Toro is convinced that Columbia is lagging behind other nations when it comes to the regulation of cryptocurrencies. He explained that one of the key challenges of regulating the crypto industry, is to ensure that it complies with AML procedures as an industry. With AML measures in place, Toro hopes that the negative perception of cryptocurrency could be bypassed within the country. Crypto is frequently associated with crime, due to its nature being very favorable for criminal use.
Alongside this, the congressman highlighted how any scenario within Columbia could be used to launder money. Thus, crypto isn’t special in its own right, though it should be noted that it’s relatively easier with cryptocurrency. Toro explained that this bill tries to ensure that cryptocurrencies are not used for money laundering, at least not within Columbia.
This can be done by way of special requirements needed for groups wanting to establish an exchange, mandating to report the number of transactions per month. Alongside this, these parties must also disclose who their clients are, who their owners are, and must also pay tax for the commissions themselves.
Toro had once again highlighted the irony of Colombia’s crypto transaction volumes. Despite having no clear mandate in regards to crypto legislation, the country has one of the largest crypto transaction volumes within Latin America.
As a result of bureaucratic issues, the debate around Toro’s bill had been forced to be delayed. As it stands now, the debate is currently waiting for the Columbian Financial Superintendence to make a clear stance regarding crypto, whether for or against it.
In recent weeks, the country has been making headlines within the crypto space. On the 22nd of September, 2020, the Columbian government had approved a pilot program. This program called for companies to test various crypto transactions within the regulatory sandbox the government provided.
As it stands now, time will tell whether or not this draft bill will be approved. In the interview, Toro stated that there was no way of telling how the Congress would handle it, as it would open the door to further talks of alternative markets, innovation, and other elements unknown at this point.
Author: FOLLOW ON
What The Haters Got Wrong About Amazon’s Always Home Cam
I have implemented home automation since the mid-90s with X10, and today I have around 100 home automation devices in-use across multiple vendors, including Amazon, Apple, Google, Haiku, Provision2, Samsung, Somfy, and Savant. With all the progress over 25 years, the conversations never change. It has always been about the degree of complexity, cost, utility, security, and privacy.
It’s nice to see some things don’t change and were best exemplified with Amazon’s recent home device announcements last we, including several from Amazon’s Ring. Regardless of the product, these four attributes were debated, some intelligently, others not so. I saw most of the fear-mongering around Ring’s Always Home Cam, the company’s flying solution to multiple cameras. Like many in the press and analyst community, I received Ring’s version, but as an analyst with 30 years of privacy and security analysis under my belt, I want to provide my take on it and set the record straight.
Amazon Ring Always Home Cam
About the Always Home Cam
The Always Home Cam is Ring’s new indoor security drone with a camera attached at the base. The Always Home Cam will seek to provide full security for your home and alleviate the need for multiple camera devices pointed at different directions inside the house. The device will be available for purchase in early 2021 and will cost $249.99. The device is limited to flying on a single story, has a 5-minute battery life, and takes around an hour to recharge. In my mind, this is the first product that offers full house coverage in a single device and requires minimal user setup and maintenance. It works in conjunction with a Ring Alarm Security Kit and only leaves its docking station if unexcepted activity happens within the home while the security system is in “Away” mode.
Amazing Ring Always Home Cam
In-home privacy concerns
Like I mentioned above, using home automation devices for security is nothing new. I have used single direction cameras with audio and video for years to protect my family and property and notify me of any disturbances. The Always Home Cam could potentially replace five cameras that I currently use for a lake house which is a great reason to upgrade. But like most home automation products, privacy becomes a vital issue for consumers. Putting voice and camera devices in your home has raised consumer concerns for years, but it hasn’t stopped them from being wildly successful and trusted by millions of users. One of the most significant initial objections that I saw in the media was the device’s potential privacy infringement. I understand the initial concern, but when we look at the device and its features, it doesn’t give me many reasons to feel that way. Since the device’s camera is covered fully while in the docking station, the only potential privacy issue likely to arise is a possible audio leakage. Oh wait, the camera doesn’t have a microphone, which means it cannot record audio. Not to mention the “not so stealthy” noise that the drone will put off when it is cruising throughout the house. It was hard to tell how loud the Always Home Cam is from the product video, but I assume it will be quite loud like most drones are. Other media scrutiny came from the question, what if some could hack into the device and fly and control it from a mobile device or PC? The Ring Control Center requires mandatory two-factor authentication and videos are encrypted in transit and at rest. Sure, it would be nice to wake the device and fly it via mobile phone, but the option is not there for the first iteration. The Always Home Cam can only fly on prerecorded, specific flight paths that the user has laid out beforehand. What that means is, the device is never going to fly somewhere you haven’t taken it before. There is no reason to fear that a drone will pop up into your office or bathroom if you haven’t programmed the drone to do so. So, for those worried about the drone coming into intimate areas of your home while you are not there, there isn’t a chance.
Ironically, we are okay with setting up several cameras in the house that record both audio and video, but the idea of a drone flying without a mic while we are not home concerned us? Like most home security devices, it will take some time to build consumer trust, but I believe there are few reasons to worry about this device infringing on your privacy.
When talking about home security products, customer data, and information security should be at the forefront of that conversation. With the Always Home Cam, users have complete control of their videos. When a burglary or suspicious offense occurs, sharing that footage is entirely at the user’s discretion, users can set how long the video files will remain stored within the cloud before being deleted and can also decide who they share those videos with and revoke those sharing privileges at any time. If a third party could control the length of video storage time or how the device navigates throughout the house, I would be concerned, but those options currently don’t exist. The Always Home Cam is limited to the inside of your home. That means if someone wanted to alter a flight path or harm the integrity of the device, they would have to be let inside your home willingly. The Always Home Cam initially seems very secure, plus without the option to operate the device apart from programming flight paths, hackers won’t be able to drive this drone around your home at will.
For those that doubt the functionality of the Always Home Camera, I will have to agree to disagree. I have used five Ring cameras in my lake house for the last few years to keep it secure while I am at my primary residence over an hour away. I run into making special trips out to the house to charge five different devices. Not only do I have to drive two and a half hour’s round trip, but I also must sit and wait for the tools to charge. The Always Home camera would likely eliminate those two pain points in my home security system. The drone can recharge in the docking station within an hour. The 5 minutes of flight time offered isn’t much, but it doesn’t take more than 5 minutes to cover an entire house floor. Once you have mapped out the paths for the Always Home Cam to fly, you have complete control of when and where it takes flight. Suppose you’re concerned about the drone running into unforeseen objects like new furniture or a dog, no need to fret. The Always Home Cam will automatically return to its docking station if any unpredictable items arise in its path thanks to obstacle avoidance technology. There are very few reasons to question the functionality of the Always Home Cam. I haven’t been able to test one myself, but I cannot wait to get one if it works as advertised.
The Always Home Cam seems like a compelling alternative to covering the entire interior of your house with security cameras pointed in every direction. I believe this democratizes whole house coverage. I understand the initial concern around the intrusion of personal privacy and security, but after digging deeper into the device’s function and features, it gives me little reason to question its integrity. Anyone that plots this device as a “huge privacy concern” hasn’t spent enough time analyzing the integrity of the device. Home security is essential, and the Always Home Cam is a step in the right direction for those looking to streamline their interior home security system. It may take a while for users to get comfortable with a device flying around in the house while they aren’t there, but I am sure it will come. Excellent job, Ring.
Note: Moor Insights & Strategy writers and editors may have contributed to this article.
Disclosure: Moor Insights & Strategy, like all research and analyst firms, provides or has provided paid research, analysis, advising, or consulting to many high-tech companies in the industry, including 8×8, Advanced Micro Devices, Amazon, Applied Micro, ARM, Aruba Networks, AT&T, AWS, A-10 Strategies, Bitfusion, Blaize, Calix, Cisco Systems, Clear Software, Cloudera, Clumio, Cognitive Systems, CompuCom, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Digital Optics, Dreamchain, Echelon, Ericsson, Extreme Networks, Flex, Foxconn, Frame, Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Google (Nest-Revolve), Google Cloud, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, Ion VR, Inseego, Intel, Interdigital, Jabil Circuit, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation, MapBox, Mavenir, Marseille Inc, Mayfair Equity, Meraki (Cisco), Mesophere, Microsoft, Mojo Networks, National Instruments, NetApp, Nightwatch, NOKIA (Alcatel-Lucent), Nortek, Novumind, NVIDIA, ON Semiconductor, ONUG, OpenStack Foundation, Oracle, Poly, Panasas, Peraso, Pexip, Pixelworks, Plume Design, Portworx, Pure Storage, Qualcomm, Rackspace, Rambus, Rayvolt E-Bikes, Red Hat, Residio, Samsung Electronics, SAP, SAS, Scale Computing, Schneider Electric, Silver Peak, SONY, Springpath, Spirent, Splunk, Sprint, Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, TE Connectivity, TensTorrent, Tobii Technology, Twitter, Unity Technologies, UiPath, Verizon Communications, Vidyo, VMware, Wave Computing, Wellsmith, Xilinx, Zebra, Zededa, and Zoho which may be cited in this article
Author: Patrick Moorhead