A friend of mine introduced me to a new app (iPhone & Android) called Wickr just recently. Its quite an awesome app that allows for private conversation with encrypted messages that self destruct after a period of time.
I'm not a particularly paranoid person but as we all know it is pretty hard to have a private conversation these days with the NSA or foreign counterparts eavesdropping. It only comes down to the decision of, do they want to listen to you?
So I decided to read up on Wickr to see if it can do what it claims and I was quite surprised to learn that the CME Group was one of the key investors.
Quote from Wikipedia:
It was reported on January 28, 2014, that in its latest round of funding, Wickr had raised $30 million from several investors including CME Group (CME), responsible for the Chicago and New York mercantile exchanges.[18] http://en.wikipedia.org/wiki/Wickr
This might turn out to be a good investment in its own right, but I think there is more going on here...
How convenient would it be for the trading [business] world to collude away from prying eyes via encrypted messages that self destruct, so the money can be made..? Would it possibly be in the best interest if the tools to carry out this sort of activity were just freely available so no one takes the blame for creating such an environment..?
We already know that major players collude. LIBOR is a classic example of many.
Funny thing about humans 'buggy moral code.' Even a person who does not normally cheat in life will likely cheat if they are certain they won't get caught. Think about that.
Seems to me that manipulation of the markets is only going to increase not decrease as the authorities would like to promote.
So am I being too cynical..?
I'm not a particularly paranoid person but as we all know it is pretty hard to have a private conversation these days with the NSA or foreign counterparts eavesdropping. It only comes down to the decision of, do they want to listen to you?
So I decided to read up on Wickr to see if it can do what it claims and I was quite surprised to learn that the CME Group was one of the key investors.
Quote from Wikipedia:
It was reported on January 28, 2014, that in its latest round of funding, Wickr had raised $30 million from several investors including CME Group (CME), responsible for the Chicago and New York mercantile exchanges.[18] http://en.wikipedia.org/wiki/Wickr
This might turn out to be a good investment in its own right, but I think there is more going on here...
How convenient would it be for the trading [business] world to collude away from prying eyes via encrypted messages that self destruct, so the money can be made..? Would it possibly be in the best interest if the tools to carry out this sort of activity were just freely available so no one takes the blame for creating such an environment..?
We already know that major players collude. LIBOR is a classic example of many.
Funny thing about humans 'buggy moral code.' Even a person who does not normally cheat in life will likely cheat if they are certain they won't get caught. Think about that.
Seems to me that manipulation of the markets is only going to increase not decrease as the authorities would like to promote.
So am I being too cynical..?
What's it all about? It's all about money.