Snippings

Macropayments >$1 notes and coins

Micropayments < $1 coins

Nanopayments < 1 cent impossible

Just as agentic commerce needs some kind of security gate between transaction enbaling and transactions, so agentic action needs a similar deterministic, non-AI policeman sitting between the MHS gateway and teh real world devices.

The policeman should, as you might expect:

Reject commands outside certified position, speed, acceleration, force and workspace envelopes.

Check complete trajectories, not merely individual commands.

Prevent disabling sensors, interlocks, watchdogs or emergency stops.

Remain safe if the AI, MHS driver, operating system or network is compromised.

Be incapable of receiving software-policy changes from the controlling AI.

Simple, right?

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The company says the incident involved access to it internal corporate environment through a social engineering voice phishing scheme

From: Jack Henry falls victim to ransomware attack.

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Migration cost is bounded and knowable. The cost of the others is unbounded and, thanks to harvest-now-decrypt-later, partly already incurred ie data intercepted this morning with a twenty-year confidentiality requirement has to survive every future in which a capable machine exists.

From: Quantum Computers Will Never Break RSA, Says Oxford Physicist. But I Say Migrate Anyway.

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Earlier this year, the Proceedings of the National Academy of Sciences (PNAS) published a paper by Tim Palmer, an emeritus professor at Oxford and a Fellow of the Royal Society, arguing that quantum computers will never factor a 2048-bit RSA key. Not “not for decades.” Not “not without better error correction.” Never, for reasons of physics rather than engineering.

From: Quantum Computers Will Never Break RSA, Says Oxford Physicist. But I Say Migrate Anyway.

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“This episode should further strengthen the resolve for people who are fighting back against online ID schemes which are requiring countless providers to ask for drivers licenses in order to access services under the guise of protecting kids,”

From: FBI Probes Service Selling 153M+ Drivers Licenses – Krebs on Security.

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n Monday, Aug. 31, a source alerted KrebsOnSecurity to a service advertised by a new user on the Russian cybercrime forum Exploit, offering access to digital scans of identity documents on more than 170 million people in North America. The source brought it to my attention because the proprietor of this identity theft service offered my Virginia drivers license as a free sample in their initial sales thread on Exploit.

The service, dubbed Nexus, claims to have more than 153 million drivers licenses for people in the United States and Canada, as well as more than 10 million identification cards; more than three million travel documents and/or international IDs; and at least 579,000 medical cards.

A quick look around Nexus finds they are likely not exaggerating about that 153 million number

From: FBI Probes Service Selling 153M+ Drivers Licenses – Krebs on Security.

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USAFi is a permissionless ERC-20 digital security, a token standard that runs on the Ethereum blockchain, but it is not a cryptocurrency in the traditional sense.

Every USAFi token is backed by the Atlas America Fund, an actively managed ETF listed on Nasdaq under the ticker USAF and registered with the U.S. Securities and Exchange Commission (SEC). The fund’s assets are held in custody at the Bank of New York.

From: Longtime crypto critic Roubini co-authors Atlas whitepaper on digital reserve asset – TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more.

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Varun Datta of Truth Ventures says that the infrastructure behind the decentralised web of the future may ultimately matter more than the digital assets attracting today’s headlines. She suggests that industry participants are not going to remember which AI agent framework “won” and instead, it will be the payments and identity layers that count the most.

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The Riksbank and the Ministry of Defence have identified digital-only banking as a potential threat to national security. In the event of power outages or communication failures, digital systems – including Swish and card networks – could become inoperable. As of 1 July, offline card payment capability has been made available (using a physical card and PIN) at participating retailers for the purchase of essential goods. New legislation also requires pharmacies and food shops to accept cash at staffed checkouts. A collaborative initiative has been launched to investigate the possibility of developing offline functionality for Swish.

From: How Sweden is rethinking digital payments 🇸🇪.

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