It starts to come together!
The p2p or peer-to-peer model is built around elimination of
the middleman. Here I am concerned primarily with what it is, and how I can add
to it, thus move into forefront uncharted territory where my efforts can be
shielded from much deeper pockets even as I maintain these deep-pockets as contemptuous
normal intelligence brain-dead sufficiently clever rent-seekers.
What it is: Let
us begin with p2p application most widely used, deemed illegal, war for
decades, almost won by p2p, with enormous social impact. This is torrents and
copying despite copyright protections. It has devastated music, film,
journalism etc. Also identity-based industries. The remaining fig-leaves of
business can be gutted by my simple proposal.
The location and IP address are required in criminal complaints
– otherwise illegal hackitivism, or worse guilt-by-allegation results. They can
also be used for better business targeting. Preventive measures total defeat
comes from VPN in browser (opera) and down loads by VPN (tails on tor). This
pair not only fucks businesses but even NSA! And both are free.
What more on p2p? P2p is god-sent for even don’t-care-agonist
like me! It allows the elimination of middle-men in lot more areas. One is by
AI and robotics, important but not the goal here. Here we concentrate on
innovation, money and bank-lending. Innovation is what Etherum is about! How
good the model is its smart recovery after devastating hacking attack – bear the
loss, fix the holes and go on. Standard teething problem. Money is what block
chains are about. Fortunately for me, bitcoin cannot realistically scale up to become
a planetary system. So what about micro-payments? One model evil-bankers love
is a block chain of planetary banks with their control on micro-payments routed
through them. It will work but I want to be king of the hill and don’t care
what happens to evil-bankers.
It is possible to do micro-payments without nation level
middle-men using my IBE that will scale up to the planet! It does not depend on
any properties of mine beyond any of good IBE, hence extend to Quantum-busting
non-malleable IBE! OK-to arrival of genuine shor-capable Quantum computers (adiabatic
QC are NEVER going to be shor-capable) and beyond! The boundary can be crossed
safely since my method depends on the insight of nested validity periods!
So what is my method? It is based on the insight that one
cannot invert a one-way function. That means if a sender sends a one-way of the
embedded time sent, the target cannot reuse the communication, construct
another like it etc. The sender cannot lie about when sent. (If so, how did the
receiver get that message?) All we need is a court. Receiver says I go this
message but no money. Sender says I owe and sent! There is an escrow gate. It
releases money to second party if first party send it money and second can
present encryption and plain text (following decryption that matches) The
decision of this court can be within hours and on the net! The escrow gate can use
existing bank (money transferred between accounts) or any online merchant! The
transaction never used any money or block-chain! Yet enough information trail
exists to resolve ALL disputes fairly.
I consider Musk my hero for inventing paypal and then using
the results wisely. So is Ramdev, for fucking evil-MBA in general, and
preserving trust essential in commerce and sadly devastated in inspector-raj.
More power to them. I say that major online battle will erupt for online
customers in India. Players include (Chinese thru) paytm, (Goggle thru) Tez,
(Walmart thru) Flipkart and Amazon. The winner could well be one armed with my aaquantum-micro-payment-block-chain
who clobbers the others!
But what about evil-bankers. Someone is testing
waters! P2p
lending platform in India, is an innovative investment option which will help
you make returns which could be as high as 28%. Your participation as a Lender
in writing the success story of p2p lending in India. You can now lend your
money online to borrowers and make high returns, all you need to do is to
register.
What’s more,
since there is no requirement for any physical documentation etc., all this can
be done online. The model provides better rates of interest than the
traditional model because it removes the intermediaries and connects the
lenders directly to the end users – the borrowers. And here every borrower is
identity-verified, credit-checked and risk-assessed based on the documents
received from them.
The recommended rate of interest ranges from 12% p.a. to 36% p.a. and the loan tenure ranges from 6 months to 36 months. A lender can invest from ₹ 30 thousand to ₹ 7.5 lacs for personal loans and up to ₹ 10 lacs for business loans. In order to provide you access to your own lending account with access to borrower listings, a small nominal registration fee of ₹ 1000/-.
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