Tape lets your transform the problem from digital security to physical security, and that's something a lot of companies are pretty good at. Further, very few attackers are good at both (you're pretty much down to governments at that point).
You really can't beat tape for archiving. The cost per TB is small (and there's no ongoing cost beyond physical storage), and it's basically immune to stuff like EMP. There's actually is a chip in some tape cartridges to burn out, but losing that won't matter much.
As far as hacking the firmware - IIRC, modern tape drives still requires that you use a firmware tape during the process, so stand-alone tape drives at least would be immune to a purely online attack. Worst case, though, you just buy new tape drives (or use the new ones you have in a box at Iron Mountain next to all your boxes of tapes) to recover.
With a little extra work it could encrypt the data and allow DR simulations to run as long as the event horizon hasn't been reached.
Tape drive firmware is like coding for the Atari 2600. Lots of things are theoretically possible, but very few people could actually pull it off. For this example, only in recent years has encryption hardware been added to drives - without that, there just aren't enough resources in a tape drive to encrypt on the fly (most tape drives can't do asymmetric crypo at all as they don't have the accessible memory to even hold a cert - tape buffer memory is sort of walled off and not general purpose).
English did as well - the majority of those who treated the wounded were just people who knew how to keep a blade sharp or saw through a bone very quickly. "Doctor" was reserved, appropriately, for learned scholars who were actually trying to advance the art.
The fundamental* mistake is to think of the Bible as any sort of science or history. Both religious whackjobs and atheist evangelists keep repeating that mistake. That's not the kind of book the Bible is: it's not a book about "how the world is", it's a book about "how to live in the world".
Seeing the assholes and idiots on both sides (well, mostly the religious side) keep on about stuff like evolution as if it had any bearing whatsoever on the "truth" of the Bible gets really old. It's a book about psychology and social organization, and the stories therein are true or false based on whether they give good advice.
I'm also confused about the scenario you're proposing. Say more? Are you envisioning BTC being more, or less stable than existing national currencies? Or first the one, then the other?
Except there's no way to bail out anyone. There is no government which can create Bitcoin out of thin air. If you owe Bitcoin that you don't have, you're S.O.L.
A bank has lots of BTC in savings accounts, but almost no capital to back it up. There's a run on the BTC in that bank and they get a bailout. The Fed either given them USD to buy BTC, or if that BTC is simply being transferred to another bank, the Fed just allows the destination bank to increase the count of BTC on its ledger as "a payment from the Fed" without decremented the Fed's ledger (the OE trick).
Government-level bailouts, sure that's different, but you can get pretty extreme with central bank tricks before that actually matters. OE created around $4 T over the years in government funding without actually printing any new physical currency, after all.
Seems like all of this just opens things up to even greater levels of gaming...
Yes, indeed. But the real commodities markets have been gamed for around 400 years now by some of the smartest people who have ever lived, and the markets have firm protections with sharp legal teeth for all but the most recent of those "exploits". The BTC exchanges have no such protection, as should be obvious by now.
This will actually be a plus for the woefully slow blockchain, as it allows speculators to move to real markets: an ETF will be far easier to trade than actual bitcoin, just as currency futures are mush easier to trade than schlepping physical currency around. The ETF can trade many times per day (or per second) without the underlying bitcoin changing owners.
But it's also the beginning of the "BTC money supply" becoming disconnected from the amount of issued BTC. Once we start seeing BTC-denominated savings accounts and currency derivative swaps, the BTC money supply will be many times larger than the actual issued BTC, and BTC will see many of the same behaviors as "fiat currency". Just as fixing the supply of physical USD currency would mean almost nothing to inflation or the USD money supply, the fact that the issued BTC will son become fixed will mean almost nothing. Welcome to modern finance.
Did you know there the total value of currency and credit derivatives is now half a quadrillion dollars? People worried about the Fed's control of the money supply are only seeing one tree in the forest. Currency derivatives for BTC already exist - what fun.
It probably IS hard to explain to relatives who have engineering degrees why you're called an "engineer" when you're not an engineer.
Those new-fangled train drivers who call themselves engineers - you're not a real engineer unless you roll your petard up to the castle gate!
A friend of mine with a PhD complains that medical doctors "aren't real doctors". OK, sure, but they make a lot more. I may not be a "real engineer" , OK, but I make a lot more.
"Very qualified" is orthogonal to "top talent". Businesses will pay crazy amounts those who, on paper, look like the top 5%. Meanwhile, they could have hired 2 normal guys, and gotten a lot more done. But managers don't have a salary budget, they have a headcount budget, so it's top talent, money no object, and everyone else is ignored. It's a truly messed-up system.
Military service has always been a path to citizenship. That aside, come here legally or GTFO.
Throw out everyone who's not here legally. Enforce border security as if it mattered. This will cause several sectors of the US economy to collapse. That in turn will force the useless government to actually fix immigration law.
There's a rate of immigration that's good for the US. Fix the damn process to allow for that rate (or a reasonably close guess). Do we still need to import low-skill labor? Fine, no problem with that, make a legal path for it that's not unduly burdensome, but doesn't give government benefits up front. Holding any job for a few years and basic proficiency with English should be all that's needed for a green card.
But our entirely useless politicians will never make the most obvious and needed fixes to the system until it's a crisis.
The problem with this: enough information was leaked to impersonate you thoroughly. How can Equifax confirm the person asking for your credit to be unfrozen is actually you? By confirming you know a set of things that were leaked.
So, you're married with children, yet still go out to the club, get drunk, and try to find an equally drunk woman to take home for the night? Or did you have some geek definition of nightlife? (Hey, it is Slashdot, I should have figured.) Also, there's this whole area between "the city" and "low density environment", the area where most Americans actually live: the suburbs. Not within staggering-home-drunk distance of multiple nightclubs (which, frankly, is the appeal to most of living downtown), but a whole lot of people within a 30-minute drive radius.
The draw for a lot of people is "things to do" (mostly nightclubs) within "I can get there without driving" distance. It's a powerful draw when you're single and bored. But spending time with friends? That just driving over, or going out for a meal together if everyone can arrange sitters. It's amazing how much casual hanging out vanishes, though, when you have to arrange a sitter days in advance, and pay $50 or whatever, regardless of what you actually do.
The two were directly connected. Easily-obtained shady mortgages made demand explode, which then pushed house prices to unsustainable levels in many markets, which caused mortgage originators to lower their standards further to keep the cash flowing in a nasty cycle.
Not being able to afford you house payment when the house is worth more than you bought it for isn't a crisis, after all. It's only when house prices collapsed and everyone was underwater (and so left the banks holding the bag) that the mortgage-related securities all fell apart.
Everyone's rate of default increased, which was the problem. The mortgage derivative securities would have held up had it been just one demographic defaulting, but no one was thinking in terms of "systemic risk". It was the breadth of the mortgage quality problems that collapsed the whole house of cards.
Are you young and still dating? Your interest change dramatically when you settle down - "nightlife" and for the most part "food" cease to exist once you have young kids, and after a few years of young kids, and kind of peace and quiet becomes your highest ideal.
Then you retire and it's back to the dating scene etc, but not in the big city.
That's because they still cost a bunch, which ultimately means there are a lot of jobs in the creation of them (not just the assembly in China, but everything up to that point). Handbags might be a better example here - unlimited prices not related to costs.
Yeah, there will always be money in fashion - convince people X is fashionable and limit the supplt of X, and you can charge a lot for it. That won't change. But I suspect there will be a large market for both "tell me what's fahsionable" and "design me something custom that's in line with current fashion" (small services today give the disposable income needed to make it worth paying someone to tell you how to dispose of your income, but as all the basics become cheap, that's the sort of new jobs you seee).
Wealth is ownership of the means of production. That won't change.
What will change is what counts as bling to impress the neighbors, and that will be the source of many new jobs as I somehow doubt that anything mass-produced will have social clout.
The White House dismissed the alien bodyguards as too costly in this era of budgetary austerity. "I can't confirm the claims made in this video, but any alleged program to guard the president with aliens or robots would likely have to be scaled back or eliminated in the sequester," Caitlin Hayden, the chief spokeswoman for the National Security Council, e-mails Danger Room. "I'd refer you to the Secret Service or Area 51 for more details." We are journalistically obligated to observe that this isn't a flat denial.
Slashdot Mirror
Tape lets your transform the problem from digital security to physical security, and that's something a lot of companies are pretty good at. Further, very few attackers are good at both (you're pretty much down to governments at that point).
You really can't beat tape for archiving. The cost per TB is small (and there's no ongoing cost beyond physical storage), and it's basically immune to stuff like EMP. There's actually is a chip in some tape cartridges to burn out, but losing that won't matter much.
As far as hacking the firmware - IIRC, modern tape drives still requires that you use a firmware tape during the process, so stand-alone tape drives at least would be immune to a purely online attack. Worst case, though, you just buy new tape drives (or use the new ones you have in a box at Iron Mountain next to all your boxes of tapes) to recover.
With a little extra work it could encrypt the data and allow DR simulations to run as long as the event horizon hasn't been reached.
Tape drive firmware is like coding for the Atari 2600. Lots of things are theoretically possible, but very few people could actually pull it off. For this example, only in recent years has encryption hardware been added to drives - without that, there just aren't enough resources in a tape drive to encrypt on the fly (most tape drives can't do asymmetric crypo at all as they don't have the accessible memory to even hold a cert - tape buffer memory is sort of walled off and not general purpose).
English did as well - the majority of those who treated the wounded were just people who knew how to keep a blade sharp or saw through a bone very quickly. "Doctor" was reserved, appropriately, for learned scholars who were actually trying to advance the art.
There's no evidence that human psychology has changed in thousands of years.
Very well put! Makes me miss the good old days of slashdot, when posts like this were more common, and the trolls were more energetic too.
Nice nic for that comment.
The fundamental* mistake is to think of the Bible as any sort of science or history. Both religious whackjobs and atheist evangelists keep repeating that mistake. That's not the kind of book the Bible is: it's not a book about "how the world is", it's a book about "how to live in the world".
Seeing the assholes and idiots on both sides (well, mostly the religious side) keep on about stuff like evolution as if it had any bearing whatsoever on the "truth" of the Bible gets really old. It's a book about psychology and social organization, and the stories therein are true or false based on whether they give good advice.
*I'm sure you see what I did there.
I'm also confused about the scenario you're proposing. Say more? Are you envisioning BTC being more, or less stable than existing national currencies? Or first the one, then the other?
Except there's no way to bail out anyone. There is no government which can create Bitcoin out of thin air. If you owe Bitcoin that you don't have, you're S.O.L.
A bank has lots of BTC in savings accounts, but almost no capital to back it up. There's a run on the BTC in that bank and they get a bailout. The Fed either given them USD to buy BTC, or if that BTC is simply being transferred to another bank, the Fed just allows the destination bank to increase the count of BTC on its ledger as "a payment from the Fed" without decremented the Fed's ledger (the OE trick).
Government-level bailouts, sure that's different, but you can get pretty extreme with central bank tricks before that actually matters. OE created around $4 T over the years in government funding without actually printing any new physical currency, after all.
Seems like all of this just opens things up to even greater levels of gaming...
Yes, indeed. But the real commodities markets have been gamed for around 400 years now by some of the smartest people who have ever lived, and the markets have firm protections with sharp legal teeth for all but the most recent of those "exploits". The BTC exchanges have no such protection, as should be obvious by now.
This will actually be a plus for the woefully slow blockchain, as it allows speculators to move to real markets: an ETF will be far easier to trade than actual bitcoin, just as currency futures are mush easier to trade than schlepping physical currency around. The ETF can trade many times per day (or per second) without the underlying bitcoin changing owners.
But it's also the beginning of the "BTC money supply" becoming disconnected from the amount of issued BTC. Once we start seeing BTC-denominated savings accounts and currency derivative swaps, the BTC money supply will be many times larger than the actual issued BTC, and BTC will see many of the same behaviors as "fiat currency". Just as fixing the supply of physical USD currency would mean almost nothing to inflation or the USD money supply, the fact that the issued BTC will son become fixed will mean almost nothing. Welcome to modern finance.
Did you know there the total value of currency and credit derivatives is now half a quadrillion dollars? People worried about the Fed's control of the money supply are only seeing one tree in the forest. Currency derivatives for BTC already exist - what fun.
It probably IS hard to explain to relatives who have engineering degrees why you're called an "engineer" when you're not an engineer.
Those new-fangled train drivers who call themselves engineers - you're not a real engineer unless you roll your petard up to the castle gate!
A friend of mine with a PhD complains that medical doctors "aren't real doctors". OK, sure, but they make a lot more. I may not be a "real engineer" , OK, but I make a lot more.
Firefox has been excluded from recent hacking competitions as "too easy", sadly enough, but I'd love to see how Safari, Opera stand up.
"Very qualified" is orthogonal to "top talent". Businesses will pay crazy amounts those who, on paper, look like the top 5%. Meanwhile, they could have hired 2 normal guys, and gotten a lot more done. But managers don't have a salary budget, they have a headcount budget, so it's top talent, money no object, and everyone else is ignored. It's a truly messed-up system.
Military service has always been a path to citizenship. That aside, come here legally or GTFO.
Throw out everyone who's not here legally. Enforce border security as if it mattered. This will cause several sectors of the US economy to collapse. That in turn will force the useless government to actually fix immigration law.
There's a rate of immigration that's good for the US. Fix the damn process to allow for that rate (or a reasonably close guess). Do we still need to import low-skill labor? Fine, no problem with that, make a legal path for it that's not unduly burdensome, but doesn't give government benefits up front. Holding any job for a few years and basic proficiency with English should be all that's needed for a green card.
But our entirely useless politicians will never make the most obvious and needed fixes to the system until it's a crisis.
Just hope they don't beat you to the freeze. :)
The problem with this: enough information was leaked to impersonate you thoroughly. How can Equifax confirm the person asking for your credit to be unfrozen is actually you? By confirming you know a set of things that were leaked.
Insider trading is the SEC, not the FTC, right? The SEC actually scares executives and board members, unlike most regulatory bodies.
So, you're married with children, yet still go out to the club, get drunk, and try to find an equally drunk woman to take home for the night? Or did you have some geek definition of nightlife? (Hey, it is Slashdot, I should have figured.) Also, there's this whole area between "the city" and "low density environment", the area where most Americans actually live: the suburbs. Not within staggering-home-drunk distance of multiple nightclubs (which, frankly, is the appeal to most of living downtown), but a whole lot of people within a 30-minute drive radius.
The draw for a lot of people is "things to do" (mostly nightclubs) within "I can get there without driving" distance. It's a powerful draw when you're single and bored. But spending time with friends? That just driving over, or going out for a meal together if everyone can arrange sitters. It's amazing how much casual hanging out vanishes, though, when you have to arrange a sitter days in advance, and pay $50 or whatever, regardless of what you actually do.
The two were directly connected. Easily-obtained shady mortgages made demand explode, which then pushed house prices to unsustainable levels in many markets, which caused mortgage originators to lower their standards further to keep the cash flowing in a nasty cycle.
Not being able to afford you house payment when the house is worth more than you bought it for isn't a crisis, after all. It's only when house prices collapsed and everyone was underwater (and so left the banks holding the bag) that the mortgage-related securities all fell apart.
Everyone's rate of default increased, which was the problem. The mortgage derivative securities would have held up had it been just one demographic defaulting, but no one was thinking in terms of "systemic risk". It was the breadth of the mortgage quality problems that collapsed the whole house of cards.
Are you young and still dating? Your interest change dramatically when you settle down - "nightlife" and for the most part "food" cease to exist once you have young kids, and after a few years of young kids, and kind of peace and quiet becomes your highest ideal.
Then you retire and it's back to the dating scene etc, but not in the big city.
The guy buying into the housing bubble will lose his shirt, or flip it to a bigger sucker. It's like 2008 never happened around here.
That's because they still cost a bunch, which ultimately means there are a lot of jobs in the creation of them (not just the assembly in China, but everything up to that point). Handbags might be a better example here - unlimited prices not related to costs.
Yeah, there will always be money in fashion - convince people X is fashionable and limit the supplt of X, and you can charge a lot for it. That won't change. But I suspect there will be a large market for both "tell me what's fahsionable" and "design me something custom that's in line with current fashion" (small services today give the disposable income needed to make it worth paying someone to tell you how to dispose of your income, but as all the basics become cheap, that's the sort of new jobs you seee).
I just love the idea of a "sub-prime minister". We should totally create that position, responsible for financial regulatory oversight.
Wealth is ownership of the means of production. That won't change.
What will change is what counts as bling to impress the neighbors, and that will be the source of many new jobs as I somehow doubt that anything mass-produced will have social clout.
To quote Wired
The White House dismissed the alien bodyguards as too costly in this era of budgetary austerity. "I can't confirm the claims made in this video, but any alleged program to guard the president with aliens or robots would likely have to be scaled back or eliminated in the sequester," Caitlin Hayden, the chief spokeswoman for the National Security Council, e-mails Danger Room. "I'd refer you to the Secret Service or Area 51 for more details." We are journalistically obligated to observe that this isn't a flat denial.