Tag Archives: Bitcoin

The light of exposure

In France everything is going topsy turvy, we see people who claim to have no gains in any of it make certain that anybody is elected, except for Marine Le Pen, even the current President of France is on that boat, which is interesting as he is at present regarded as the biggest political failure since WW2. I myself would like to remain neutral, which is almost not possible as out of nowhere a former investment banker is suddenly the favourite runner with no real main political experience. The political marketing department might like the fact that he will be the youngest French President, which makes almost as much sense as it would be for me to take over the clandestine department of the CIA, with all those Korean challenges? I’m game!

Yet as I see it, Emmanuel Macron made a large blunder on LinkedIn as he wanted France to head all kinds of environmental and climate research, which sounds nice as the population at large is all about climate, but he seems to forget that France has a 2.25 trillion Euro debt to deal with and the current French President is leaving France in a dire, weakened and unhealthy state. Something that can not now, and not ever be cured by throwing money in anything but a growing economy move. Even I could have done better than that. Both players for the hefty seat will need to consider that a true quality investigation in the French healthcare system will be next on the list. It is at present regarded as one of the best, yet by 2019 their numbers will drastically change as France has one contributing element. As the retirement age has shifted by 2 years, there will be a spike in both physical and mental health care that will at that moment spike to different levels. France has the benefit of seeing how wrong inaction has left the British NHS close to death, and this is whilst the retirement age was at present not affected, so in France a think-tank will need to convene on a structured overhaul that does not leave a non working system in hands of consultants for 11 billion and at that point be a non-working system. The British Labour party left them with this example. If met with the proper adjustment, Huawei Technologies and Google could have optional solutions in theory before the end of 2018 and implemented 2 years later. The question becomes who will be the player and how will it be implemented. Questions that require serious consideration and in my view the youthful investment banker might not have the solution, in equal measure I am not certain whether Marine Le Pen will fit that bill either. Yet what has been shown is that the current president has made little effort towards that growing dilemma.

So why is Macron the bad choice? I am not sure he is, but the issues we have seen with investment bankers do not make me confident. Even as we should agree that he married the love of his life even though she is a few decades older, which implies that he does not care about the opinion of others gives the vibes that he is made of stern stuff, something the French people desperately need after one tour of Francois ‘the paperback’ Hollande (as I personally see it). Yet, what wrong has Emmanuel Macron done? That is the issue, for the mere reason that there is nothing that shows he had done anything but bend the law without breaking it in the Nestle acquisition deal. So basically, this proclaimed Mozart of Finance is getting soiled in soot for the mere title of being a former investment banker. That is as far as I can take it with reliable information. The Rothschild bank empire keeps it laundry hidden and dry, neither the NSA or the CIA has anything on them (FBI has nothing either). Whatever others can find is either hear say of overextended triviality. Again, as I personally see it the entire board of commissioners of PwC will be in jail long before Rothschild bankers get into the dock in court. I am happy, but unlikely to be wrong here.

Yet these elements are not the only ones in play. During the next French administration banks are moving their interests and their work environment all over the globe, France will see its share of new challenges. As the UK is dealing with Brexit and their set of new challenges, France will also deal with other issues. Even as both are not looking towards the frontiers of what will be possible with 5G, we will see new views on security and cyber issues, not just in the WiMAX and 5G environment, there will be additional dangers and risks with the new IBM hype word! As blockchain is heralded as a new solution, there are inherent risks with a system that has these abilities. Not just in managing the data, the attached data goes much further, there is the risk that any system has more than a mere ‘massive disintermediation of the financial system’. There is the risk that a hiatus in ‘non-repudiation’ could leave a dangerous leap in the ‘who done it’ realm where nobody can be held to account. The fact that blockchain has no form of regulations whatsoever will give French banking laws additional headaches down the line. This is not just assumption (well, it is a little), the Washington Post was all about ‘Russian hackers‘ in French elections. That does not prove that it is not so, there is merely a lack of concrete data evidence and the quote “the front-runner in France’s presidential race carried digital “fingerprints” similar to the suspected Russian hacking of the Democratic National Committee and others in the 2016 U.S. election” give food for thought. As present the cyber units cannot even get on par with the criminals, as blockchain evolves in all kinds of ‘personal’ dialects in every nation, we will witness a new level of data adjustment. This does not mean that blackchains are evil or that they are instigate criminal activities, the timing that blockchains bring just as the data traffic from 5G could sent a 500% data traffic spike from 2020 onwards through the global online cloud community leaves us with a boatload of issues and in that, France will have its share of issues to deal with, so as there might be opportunity, there is a more than equal risk of harmful dangers. Europe at large is not ready and in a lack of checks and balances, the dangers of another 2004 and 2008 investment collapse is not out of the question, especially as the laws are still not ready to deal with the recurring danger of a 2008 finance event. In this France is in too weak a condition (as is the UK by the way). So consider that if we relate this to the Bitcoin, its volatility is in its foundation the same volatility that blockchain could face, with a truckload of return on investment risks. In this we might consider that Macron is the better candidate, but I am not convinced, in this both are not great options, yet still better than the others. It almost a Churchill moment “Democracy is the worst form of government, except for all those other forms that have been tried“, we could replace the word Democracy with either ‘Blockchain’ ‘Emmanuel Macron’ and ‘Marine Le Pen’. Although in the first example, we would need to exchange ‘government’ with ‘data system’ as well. In this day and age governments can no longer keep up and until the spirit of the law gets clearly enforced the population of any nation is in trouble. In this danger is too harsh a word but there is a risk and the press at large has proven to be little or no help (apart from some actual newspapers, who are some help).

As France goes to vote there is little that I can offer to the voters, only that they need to know who and what they are voting for. They need to realise that their immediate choice is for themselves and their family. For some it is one candidate for others there is the other candidate. With France having an explosive growth in poverty, the social element seems the most pressing one, but its solution is in other elements not in solving poverty but in growing a dire economy, a dire situation grown by what I regard to be outsourcing and the bottom Euro of getting things done cheaply. It is that proper reform that herald change and options, which puts the initial premise in the hands of Marine Le Pen, yet no matter how her national pride is set, if she cannot build solutions she would be a one term president too. For Macron it seems simple in the way he talks and he talks like a salesperson, but in this he needs an engine to deliver on his promises, this is something he cannot walk away from, whether he realises it to the degree is not certain, his LinkedIn message made that clear.

So no matter where the exposure ends, there are dangers that all nations of Europe will face, the sudden ‘relaxed’ shift from Mario Draghi is making that clear (Source: Financial Times). I think that this temporary ease of situation is merely to ‘atone’ for French voters, I think that the message is a dangerous one. Several sources are talking on the dangers of joint bonds an in addition the fat that Reuters views that Mario Draghi could lose credibility is not a fab, it is a realistic danger which people seem to be dimming to low until after the French elections. This as I see it implies that there is heavy weather ahead. This is strictly my personal view, yet in that regard I have been correct a few times too many. See my other blog articles to compare on that regard. In this there is partial data, there is the claim that the IMF has dropped the pledge to resist all forms of protectionism. For me the issue whether they dropped it, or merely did not make mention of it. The result is very different and in this it is not just about clarity, it is about changing channels of commerce. It is more than a mere view of ‘good business is where you find it’ versus ‘we all should be allowed to do business’, which is the more direct issue that will impact France too. Even as I have an issue with the President Trump’s tax breaks, there is one sight that is adamant. The economies are now no longer in the hands of the fat cats of Wal-Mart and corporations alike, it is in the hands of small businesses and families in stores. They will reduce tensions on infrastructure pressures and make combined ripples in a starting wave of commerce. France is one of the more likely places to get that going, much more so that the UK at present. In this France’s biggest enemy is the French language.

When it overcomes that barrier, it could start a wave of trendsetting businesses from local to global, how it is done remains open to the people deciding walking that path, it will be a personal choice for all who endeavour that step, but they can get there, they just need the proper exposure and support.



Leave a comment

Filed under Finance, IT, Media, Politics

The Utopian Disaster

It is February 2016, two persons walk into a shop and this place has all the nice goodies on sale, in this case a Blu-ray and a video game. One person picks up one of each and pays cash, the other one swipes his mobile for a game. His payment goes wrong, he frowns and checks his mobile, then tries again. Again a failure, now he transfers some cash to his mobile and pays, as he does that he learns that he had been swiped less than 120 seconds earlier. Neither noticed, neither saw any alarms, someone walked out with his mobile $75 and it went unnoticed.

In this day and age where this is still happening on a daily basis we get confronted with ‘A last hurrah for banknotes as UK switches to mobile and card payment‘ (at https://www.theguardian.com/business/2016/jun/04/uk-switch-to-cashless-society-contactless-payment), the subtitle gives us the question that matters: “if Britain is ready to become a cashless society“, that is the question and it is a rather tough one to answer. You see, technically we can implement this, yet, how can we guarantee security? In the old days a pickpocket had to interact with the person they were trying to rob, which is not a given in this case. Nowadays the thief needs to get within 10 meters, which means that the criminal could be a whole floor away swiping electronic wallets left, right and centre.

So why are we embracing a system that is actually empowering crime and criminals?

The guardian gives us this initial example: “When Transport for London banned cash on the buses in mid-2014, it was greeted with a backlash from some quarters; “passenger fury” said one headline, “ban hits the vulnerable” was another. Yet, two years on, behaviour has adjusted. TfL says it has saved £24m in cash-handling costs, and queues have improved“, which might be fair enough, but how are fare’s paid for? You see, the bus still costs and here we see that the Oyster card replaces money. Now, this is not a bad idea. You fill up the card and use it as you board the bus and tram. In Australia it is called the Opal card and there is wisdom having one. I do not oppose certain systems that take money out of the immediate equation. Yet, all this is a long way from a cashless society. In that regard I have been a victim myself and I know others would suddenly lose dollars of their card. Now, these things happen, we misplace a banknote, yet when it happens to a travel card, we do not find that money again. Should we therefore not do it? No! If we are becoming increasingly reliant on public transportation, having a streamlined system, including an Oyster card (or whatever it is called) seems to be the path to take.

Yet in all this, with organised crime being better equipped than the fortune 500, relying on a safe digital age is not the way to go for now. You see the news 2 days ago gave us “A Geraldton magistrate has called credit cards that offer contactless payments “rife for being exploited”, after a 29-year-old man appeared in court on 11 fraud charges for using an unlawfully obtained credit card“, this was a man on drugs, which is also likely why he got found out this quickly. He racked up $715 in fraudulent transactions in a three-hour period. So the victim would not have known this until much later, perhaps even days later. By the time it gets out into the light, there would be little to do against it. And the news is about to get worse.

The ABC in January this year reported (at http://www.abc.net.au/science/articles/2016/01/27/4392905.htm) “First, the criminals manage to install malicious software on the point-of-sale device in a restaurant, bakery or hardware store. This is very common. The crooks will use this information to make counterfeit credit cards that can be used to buy gift or debit cards, which in turn can be used to buy expensive stuff that can be resold for cash. Second, the hackers can compromise the network of a company that processes transactions between the various banks involved – such as the bank that issued your card, and the merchant bank used by your retailer. They can steal an enormous amount of card accounts in a very short time. Third, they can attack the database or website of an online merchant. The fourth method is an oldie but a Goldie — “skimming”

Four methods, still in place today and in many cases there is little to no protection, that money is just gone. Now, there are two sides here. One, should card usage stop? I do not think that this is a pragmatic approach or one that is even viable at this stage, but the transformation towards a cashless society is equally not an option. Not until the defences become a lot better. Now just electronically, but essentially a better system that gives levels of non-repudiation. That is something no one seems to want, for the mere situation that time is money and the USA is broke, bankrupt!

Why do you think that this push is happening now, even though many parties know that the switch is not an option at present? In my view this is in part because the USA needs to refinance 6 trillion dollars this year and it is not even close to getting that done. The switch to cashless sooner rather than later allows for shifts of cash from the real world into the virtual world, a place where no one can keep track of it. Yet that is not enough! The US mainly needs the shift to happen, so that the invested value can become a reality, the switch can be bought with ‘cash’ the US does not have and pay for it through the charge of every transaction that goes through this system.

It is a dangerous solution and the fact that the parties involved are willing to take a risk that organised crime would come out on top here is even more disturbing. Let’s take a look at the evidence here, because without that, it is a speculative rant at best.

  1. Here is the clip of a skimming device being installed, which took less than 3 seconds (at http://thehackernews.com/2016/03/credit-card-skimming-hack.html).

This could impact small businesses overnight, with the criminals laughing themselves into wealth.

  1. Here we see an employee skimming cards to increase his fortune, so fast-food comes at a price (at https://www.youtube.com/watch?v=oAP7sVh4smc), we see a few more examples which also gives us additional worries, most small business owners would be clueless that fuel pumps could be rigged in mere seconds. A cashless society and the funds that are supposed to be yours will be going somewhere else real fast.

Now, important to note is that in this non-cashless age, this is already happening and there is no clear way to protect one’s self, which clearly implies that in a cashless society we would be in increasing danger of losing our hard earned cash. In addition, as we are aware of these weaknesses, why is the drive to cashless so strong? When the press asks whether they good guys are winning the war, the cautious response form Steve Scarince from the US Secret Service is “It’s even right now“, which is not only not so reassuring, it is hardly a win and that is just within the US, where there are at least a few handles on Credit card fraud, yet the employee event only got the transgressor 2 years’ probation, giving a clear message to crime that for now, cashless financial crimes are still rewarding. In addition, in a similar place, how many employees have not been found out?

And this is just the small stuff!

The fact that courts aren’t treating cybercrimes more serious and deal out harsher penalties is equally disturbing. In addition, the courts are still a problem too. In most nations that practice common law the rules of evidence is still taking a seat back towards the digital age. This gives us two problems in that frame alone.

Let’s take a look at these three points:

  • computer records and printouts may be tendered as documentary evidence or as business records to prove what they contain – this is an exception to the rule against hearsay, which would otherwise stop such material being relied on to prove the truth of its contents;
  • it is possible to prove that particular processes are carried out on information and communications technologies (ICT) equipment and in some jurisdictions there is a rebuttable presumption that a computer works correctly; and
  • Under expert evidence provisions, experts can give evidence about the operation of computers.

This now reflects back to the works of Smith, Grabosky and Urbas (2004) where we see on page 38  ‘that 75% of cases referred for prosecution to federal authorities were declined, primarily due to lack of evidence‘, this is why I mentioned the fact that the US has some credit card fraud, but the rules of evidence has not caught up which means that 75% walks away from this, which now gives additional concern when we consider the earlier employee in the fast food industry skimming client cards as well as shopkeepers ending up with a card reader containing a skimming device. At this point Crime pays a little too well. Yet it is my personal view that with the US is such deep financial troubles the banks will accept any option that continues their way of life, which is equally disturbing on a few levels.

We see this failure again on a second level of problems. This is seen when we deal with the issue of proportionality. When we consider the quote “In the case of cyber-crime this raises serious difficulties as the consequences of some types of offending can be devastating, such as the creation and release of a computer virus, and yet the conduct itself may involve no physical violence or even contact with other people“, the sentencing takes no consideration to the other hardships that a victim has to go through. New bank cards, new credit cards, filing documents regarding financial loss and the economic impact the fraud had. Apart from that there is the chance that misdoings will impact that person’s credit score with the possible continuation to even more economic hardship and even a realistic impact on their economic footprint. None of that is weighted properly in court. A person with a mere scratch could end up in a better position, a realistic situation that is immoral and a-moral.

This is maintained when we look at R v Boden [2002] QCA 164, here we see “a 49 year old hacker, Votek Boden was sentenced to two years’ imprisonment after being found guilty of hacking into the Maroochy Shire’s computerised waste management system. Boden was accused of causing millions of litres of raw sewage to spill out into local rivers and parks killing marine life and causing offensive smells“, which gives us the following

– In the first, system transgression tends to be too easy

– In the second, the fact that this person is established to have committed ‘ecological mass murder’ and it seems to be ‘punished’ with a mere 2 year’s imprisonment.

The law has not caught up in Australia, New Zealand, the United Kingdom and Canada. With these Commonwealth nations already falling short, whilst we can also clearly see that the US is not ready either, we see news that several places are now slowly gesturing towards a cashless society. The Guardian article gives us “A major milestone on the path to a cashless society was passed in 2015, the first year that consumers used cash for less than half of all payments, according to Payments UK, which represents the major banks, building societies and payment providers“, which is fair enough. The article does not clearly elaborate that it took the UK the better part of 25 years to get to this point. We then see “It predicts that cash usage will not be eclipsed by debit cards and contactless until 2021“, which is an earie ‘forecast’. It is earie because it is practically impossible to get the proper adjustments done to law within that term, if we all remember the Houses of Commons versus Lords Ping Pong Match, the adjustments required for Criminal Law Act 1967, the Serious Crime Act 2015, the Civil Evidence Act 1995, the Criminal Evidence Act 1898 as well as the Police and Criminal Evidence Act 1984 will take at least a few years more than that and these are just 5 points out of a list that is decently larger than this. This all becomes even more unsettling if the UK becomes a Bremain group, because in that case the UK will need to deal with the EU settled laws as well, which is unlikely to be a positive thing. It is almost certainly a Utopian disaster that is ready to happen.

There are additional sides, sides where cashless seems to have grown naturally, like in Sweden. Yet the misdirection we see when we see an entrance to their version of the underground with the text “Stockholm’s Metro does not accept cash payments“, you see that is in part true, you use their version of the Oyster/Opal card, a situation several nations are going towards, some are already there. The article (at https://www.theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe), where we see “cash transactions made up barely 2% of the value of all payments made in Sweden last year – a figure some see dropping to 0.5% by 2020“, whilst the article ends with ““Even if, in the next few years, Swedes use almost no cash at all, going 100% cashless needs a political decision,” he said. “The idea of cash, even in Sweden, remains very strong.”“, which is a separate truth, moving away from currency will forever be an issue, and when we see that one nation being at that point for 98%, we see these people having an issue of becoming a cashless society, we better believe that the Commonwealth at large will not be ready for a long time to come.

Yet, the other side is also there. Although finding anything decently reputable is almost a non-option. I am surprised that we see increasing mentions of the cashless society.  The quote we see (at http://www.financemagnates.com/fm-home/moving-towards-cashless-society/) gives me a few issues “The transition towards a cashless society seems inexorable. The incredible rise of fintech payment companies like Square, WePay and TransferWise, along with the increased popularity of Bitcoin and cryptocurrencies, are making traditional banks and old payment systems obsolete, with cash becoming less important“, there is truth here, but there is also another issue, the risk of economic degradation and the legalisation of slavery.

That part I have to explain!

We have moved from a balanced book world towards a GDP ruled world, where the interest payment of debt is set against the GDP, so that the total amount of borrowing could be raised again and again. Yet in all this there were limits because total debt remains an issue, especially for the US as it will have to refinance 6 trillion this year alone, meaning that if it fails, the US becomes bankrupt! In defence we see mentioned: “Yes, America has a long-term debt issue, but no, it is not going bankrupt. Just ask the rest of the world that is scooping up US Treasury bonds by the hundreds of billions“, which could be fair enough. Yet in all this, why would these government buy ‘bad’ bonds, especially as those nations are just as deep in debt? In my view, the view that was proven with the Greek deficit situation is because those who make the decisions get a lot more out of this deal, they get to continue their comfortable way of life. If that falls away they will be in hardship, just like everyone else! So as we see additional debts getting set up to deal with previous debt, that path leaves a nation with nothing. Should you doubt me, then consider when has the US kept its budget and what steps are clearly in place to pay off the debt it has?

So when we consider those people buying US bonds, we need to realise that this act could cost the US an additional $30-$60 billion depending whether the US can offer those bonds at 0.5% or 1%, the question becomes who is willing to take that risk at 1%? To counter this every American resident would have to make a $92-$195 donation to the state and that is just the additional cost of a bond. Yes, not taxation, but donation, because all the tax money has already been spend and the US, unable to keep their budgets in check has already spent next year’s budget. This is why a cashless society works for the US government and it works for those in power within the US. With the link between existing cash and debt removed, it becomes a virtual world. A world ruled by econometrists, economists and banks. I wonder if the US population realise that they did not elect these people, those people who keep on deciding how trillions are wasted. At that point, a point that is uncomfortably close by, the US crosses the critical boundary where its population is categorised into who are either a Benefit or a Burden. We to those who are not a Benefit, because they will lose a lot more than we all bargained for. That fear will also reside within the EU and the UK is no different for now. It is that fear, additional to the responsibilities and the needs of the people that needs to address this. We end up being a group of people to work solely to remove the debt handed to us by irresponsible people who are not held to account (evidence: see previous Greek administrations), we become a legally defined workforce in what could be regarded as slavery.

Yes, cashless might be the path of the future, but in this age of irresponsible spending, the backlash would be massive and it tends to come out after the spenders are gone and they are not held to account, they will live their life on a mansion in luxury. An option that is not there for you and me, moreover that person will be doing it using our money and our savings. Did you sign up for that?

The cashless path is coming somewhere in the future and until proper preparations, checks and balances are in place the slogan becomes: ‘abandon all hope ye who enter that path!


Leave a comment

Filed under Finance, Law, Media, Politics, Science

Any sport implies corruption!

Yes, I agree that this statement is over the top, but at present, I have had it with sports. Whenever we hear about any sport, we are likely to hear doping, corruption or treason. When was the last time you watched your favourite sport and one of these three elements were not in play? Even if this is the case, when you Google your sport with the keywords ‘crime’, ‘corruption’ or ‘investigation’ you will see a list of events that is tainting your favourite sport.

I am originally Dutch, which means that cycling, skating and Soccer make the list for most Dutch people. I (being a statistical outlier in all this) do not really care about those three. If I am at such an event I will enjoy watching it, but I usually do not really bother watching it on TV, unless it is a special event (like a semi-final or final for a world cup or something like that).

So, when I saw on TV that Qatar had won the World Cup host for 2022, I was just happy for Qatar. I was happy, because a thoroughly European sport would go to the Middle East, hopefully inspiring more people and more nations to take up the sport, which is always a good thing. I also considered that the location would show the ‘smaller’ nations had an opportunity to host the ‘big’ boys in soccer and show them that they too can wield the torch of hosting pride. I had no negative thoughts at all. Although I realised that this was a very warm place, it would be nice for other teams like Qatar, Cameroon and Mexico get to play with home field weather advantage, which was pretty much it for me.

So when I got the news this morning that another corruption scandal had hit FIFA, I pretty much lost it on the spot. I remember the Final games of the 1978 world cup. It was NOT the final that was fixed; it was the match before that. What I still consider today as a match-fixed battle between Argentina and Peru, where the hosts needed to win by four goals to reach the final when they slaughtered Peru with a score of 6-0. I saw how Argentina passed on the left, passed on the right and the Peruvian team played frozen, like zombies in a Haitian Dance festival. In my personal view Argentina made it to the finals on false grounds. Yes, the finals were in my view honestly won, but they did not get there honestly and as such the Dutch were robbed of their final victory.

So when I see sports and corruption I tend to go slightly mad. The allegations against Qatar can best be found at http://www.theguardian.com/football/blog/2013/oct/03/world-cup-2022-fifa-qatar.

In my view the hosting game needs to get changed. I am so sick of these corruption events. In my view the following needs to happen. When a person is found guilty of corruption, those nations, in this case Brazil, Paraguay and Cameroon are barred from getting officials into FIFA and the IOC (International Olympic Committee) for a term no less than 16 years, furthermore, they cannot become a host nation for that same amount of time. For the first upcoming World Cup, those three nations are then prevented from entering. There is of course a small chance that their families will slightly suffer when Soccer fans go a little nuts at that point, but who gives a fuck? (Pretty please pardon my ‘French’ here.)

I have seen too much corruption and treason and it had too often got settled with a ‘reprimand’. These two transgressions are now often seen as legalised gambling. You have no risk, you get money and perhaps a fee and a slap on the wrists if you get caught. It would be nice to see these people run for their lives. I foresee that sport corruption could take a steep dive towards a 0% sport crime rate, which is good for sports overall.

To be quite honest, until the article in the Guardian, I was willing to ignore the stories. In my personal view, the Telegraph tends to be a less then academic levelled source of information (they usually lay it on a little too thick). I even contemplated the option that all this were false allegations through media giants as the timing and temperatures might result in a shift in dates to play, which could result in a loss of advertisement coinage no less than 1 Billion Euro on a global scale, not to mention the merchandising that might make a sizzler, all that because the Qatarian time zone could shift the games to less civil times for many of the European TV viewers.

Yet the Guardian shows another story. The one passage I do have a slight problem with is “Mohamed bin Hammam, from Qatar, at the time the challenger to Blatter’s presidency, was found by the court of arbitration for sport last year to ‘more likely than not’ have brought cash to two meetings in May 2011 which was then handed to FIFA delegates

The more likely than not is a bit of an issue for me. It is more likely than not that I do not have the purest of thoughts when I see Olivia Wilde (or Laura Vandervoort, Leslie Bibb, Natasha McElhone or Olivia Munn for that matter). That is a sentence that holds ground (not grammatically). In regards to funds it does not really hold any ground (unless there is a better quality of tangible evidence).

I desire a woman? (Yes and it is not illegal!), I desire money? (To some extent, a definite yes if it gives me access to desire group number one and again it is not illegal), Will I be corrupt for it? Very less likely, however I might be willing to falsify my medical records if it gets me access to my initial group one. The last would actually be illegal and it is covered in Criminal Law, so I am definitely not willing to pursue that avenue.

Why the previous rant? It is about evidence and ‘more likely than not‘, just does not cut it in my book when it comes to these levels of corruption. Even though it is a Civil Court requirement and has been in UK courts since Miller v. Minister of Pensions [1947] 2 All ER 372, which was stated by Lord Denning, former Lord Justice of Appeal and former member of the House of Lords and Master of the Rolls as “more probable than not“, yet when we regard the world as it is today, more probable then not is in my personal view no longer a valid reasoning when it comes to larger amounts of money. It is too easy to frame a person; in the electronic age it is too likely to be falsely processed and when you consider the Bitcoin issue of February 2014, was it stolen or actually lost? More likely than not is very probable to imply involved parties in acts of fraud and theft and less likely that a data files were corrupted and through this misplaced into nothingness.

So there we have it! Is there guilt? I am not sure whether this can be easily proven. If certain people are missing out on a billion in revenue and securing it would require blaming three people of taking a few million, is framing three people so far-fetched? I personally think that this is not the case, or stated under the legal premise ‘it is more likely than not that three people were falsely set in an illegal light so that several unnamed persons could walk away with many hundreds of millions of Euros‘. This is a lot easier to sell in many civil courts.

So which scenario is correct?

I honestly do not know, but it still bothers me that no matter what the truth ends up being, and in hindsight when we look at FIFA, the IOC as well as groups that offer global events had to be revamped in several ways for well over two decades. Consider the ‘old boys’ brigade as it was in the UK between WW1 and WW2. In today’s global setting of fast paced events, where this approach just does not cut it.



Filed under Gaming, Law, Politics