1/42 Good to see yesterday’s @thetimes editorial attacking the pandemic of covid misinformation. Here’s my twitter contribution to fighting it, as suggested. Lockdown and covid sceptics continue to consistently misuse cherry picked data to argue NHS not unusually busy.
26/42 Are there any national datasets that accurately capture what is going on? The brilliant @jburnmurdoch has highlighted number of admissions into ICU. The message from his animated chart (click on link) couldn\u2019t be clearer \u2013 this winter is v unusual: https://t.co/76ZvHU2pmV. pic.twitter.com/tu99YmS5TI
— Chris Hopson (@ChrisCEOHopson) January 10, 2021
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I'm hesitating to read or listen to this for fear it oversimplifies. I worked for about a year @NYPDnews on this. We learned a LOT. Most of the $320 million I estimate was lost by New Yorkers on Cyber-enabled scams in 2019 began with voice calls to set the hook...
Looking through our empirical data, we see that scam calls dominate the world of Cyber-enabled (which doesn't include ransomware or network intrusion/takeover, but does include crime that leverages a digital channel for some aspect of the attack).
We found that NYPD officers, when empowered to combat this kind of crime with training and tools, were champing at the bit to get out there and fight it. They all know the scams are out there - many told us of family members who'd fallen victim - but they felt powerless to act...
I personally blame the Feds, who over the past two decades have worked hard to make all "Cybercrime" seem (a) mysterious and sophisticated to the extent that (b) only the Feds could combat it, through tools like the IC3 survey. That tool is actually quite ineffective.
As I said at RSA2020, for Cyber-enabled scams, IC3's survey is the place where good leads go to die. For example, in 2018 around zero point three three percent of cases reported to it were ultimately investigated by a task force. They're just snowed under. https://t.co/IxjM6t0cfm
Looking through our empirical data, we see that scam calls dominate the world of Cyber-enabled (which doesn't include ransomware or network intrusion/takeover, but does include crime that leverages a digital channel for some aspect of the attack).
We found that NYPD officers, when empowered to combat this kind of crime with training and tools, were champing at the bit to get out there and fight it. They all know the scams are out there - many told us of family members who'd fallen victim - but they felt powerless to act...
I personally blame the Feds, who over the past two decades have worked hard to make all "Cybercrime" seem (a) mysterious and sophisticated to the extent that (b) only the Feds could combat it, through tools like the IC3 survey. That tool is actually quite ineffective.
As I said at RSA2020, for Cyber-enabled scams, IC3's survey is the place where good leads go to die. For example, in 2018 around zero point three three percent of cases reported to it were ultimately investigated by a task force. They're just snowed under. https://t.co/IxjM6t0cfm
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.