Showing posts with label blockchain. Show all posts
Showing posts with label blockchain. Show all posts

2019-06-20

How Libra Cryptocurrency & Blockchain Network Will Work (video)

Libra: how it's going to work

FT.com's global tech correspondent Tim Bradshaw explains the new cryptocurrency announced by Facebook: "Libra, a new global currency powered by blockchain technology."

Facebook investor on Libra cryptocurrency

Scott Kupor of Silicon Valley VC firm Andreessen Horowitz (a16z.com) joins CNBC's "Closing Bell" to discuss Facebook's new cryptocurrency, June 19, 2019.
"... we are joining the Libra Association as a Founding Member. The Libra Association is a membership organization behind Libra, a new global currency and financial infrastructure built on blockchain technology.  Libra brings together a world-class group of partners, including:
  • Technology companies that know how to create global-scale networks and infrastructure, like Stripe and Facebook.
  • Financial services companies, like PayPal and Visa, that have deep experience in global payments.
  • Platforms, including Spotify, Lyft, and Uber, who know how to build user-friendly and popular applications with millions of users.
  • Crypto-first companies, like Coinbase and Anchorage, that have deep subject matter expertise.
  • NGOs, like Kiva, Mercy Corps and Women’s World Banking, that understand the needs and habits of a wide variety of populations across the globe.
"These organizations can help Libra reach a critical mass of users, businesses and developers, with the goal of mainstreaming crypto adoption ..."--a16z.com
Domain: libra.org (more info on Libra at the link), and Libra white paper.

See also Fed Chair LIVE Jun 19, ECB Draghi Chaos, Facebook $FB Calibra


feedback & comments via twitter @DomainMondo


DISCLAIMER

2019-06-19

Fed Chair LIVE Jun 19, 2:30pm EDT, ECB Draghi Chaos, $FB Calibra

FOMC Press Conference June 19, 2019:

Federal Reserve Press Release 19 Jun 2019 (pdf): "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee [FOMC] decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent."

Below are press conference exhibits: 1. unemployment rate; 2. change in real GDP.

Effective Federal Funds Rate July 1, 1954 - May 1, 2019 -- May 2019: 2.39
Federal Open Market Committee (FOMC) meeting Jun 18-19, with  Fed Chair Jerome Powell news conference set for Wednesday, June 19 at 2:30 p.m. EDT. S&P expects the Fed to signal at its June policy meeting that it intends to begin cutting rates. Federal funds futures trading had been pricing in two rate cuts before the end of the year, but only a 23% probability of a cut at this June meeting. Donald Trump and Larry Summers agree that rates are too high, inflation too low, yet the Fed is still facing the results of keeping interest rates too low for too long (Ben Bernanke and Janet Yellen's QE and ZIRP) the effects of which continue throughout the economy. Background: see previous FOMC press conferences (video) and federalreserve.gov and @federalreserve.

On top of that the European Central Bank (ECB) President Mario Draghi "unleashed global chaos with his preview of more stilmulus, prompting an angry response from President Trump"--more here and here and here: How The "Draghi Shock" Unleashed Chaos On Powell's Most Important Day | zerohedge.com.
Transcript of ECB President Mario Draghi, Jun 18, 2019 (pdf), video below: "... in the absence of improvement such that the (31:26) sustained return of inflation to our aim is threatened, additional stimulus will be required."

Above video published June 18, 2019 by the ECB: Introductory speech Mario Draghi, President, European Central Bank, ECB Forum on Central Banking 2019--20 Years of European Economic and Monetary Union--Sintra, Portugal, 17-19 June 2019. The European banking system lags far behind its global peers in terms of profitability and valuation (Almost Daily Grant’s, May 28). Bloomberg reports Deutsche Bank A.G. (whose shares have fallen 84% in the last nine years to less than 21% of its year-end 2018 book value) is set for another round of layoffs.

Meanwhile, Facebook just announced it will disrupt the global central banking system using a "New Digital Wallet [Calibra, domain: calibra.com] for a New Digital Currency [Libra, domain: libra.org,]" based on blockchain technology:
Today we’re sharing plans for Calibra, a newly formed Facebook [NASDAQ: FB] subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp and as a standalone app — and we expect to launch in 2020 ....
For many people around the world, even basic financial services are still out of reach: almost half of the adults in the world don’t have an active bank account and those numbers are worse in developing countries and even worse for women. The cost of that exclusion is high — approximately 70% of small businesses in developing countries lack access to credit and $25 billion is lost by migrants every year through remittance fees. This is the challenge we’re hoping to address with Calibra, a new digital wallet that you’ll be able to use to save, send and spend Libra. From the beginning, Calibra will let you send Libra to almost anyone with a smartphone, as easily and instantly as you might send a text message and at low to no cost.
See also How Libra Cryptocurrency & Blockchain Network Will Work (video) and


feedback & comments via twitter @DomainMondo


DISCLAIMER

2019-04-06

Tech Review | Crypto & Blockchain Investing: 'Don't Buy Bitcoin, Do This'

graphic "Tech Review" ©2017 DomainMondo.com
Tech Review (TR 2019-04-06)--Domain Mondo's weekly review of tech investing news: Features • 1) Crypto & Blockchain Investing: 'Don't Buy Bitcoin, Do This', 2)How Instagram And Facebook Make Money, 3) Investing: The Week & Investor Notes, 4) ICYMI Tech News: Amazon, Apple, Google, and more.

1) Crypto & Blockchain Investing: 'Don't Buy Bitcoin, Do This'

"Don't Buy Bitcoin. Do This Instead"--Peter Mallouk. "It's not a real investment," says certified financial planner Peter Mallouk. "It's speculation." CNBC.com video above published Apr 4, 2019.

2) How Instagram and Facebook Make Money

Everyday more than 2 billion people use Facebook, Instagram, WhatsApp or Messenger, more than a quarter of the world's population. Despite a rising number of privacy scandals and public backlash — Facebook is still growing. Since its apps are free to use, Facebook sells advertising to make money. Here's how the company's advertising model works. CNBC.com video published Apr 2, 2019.

3) Investing
graphic: "INVESTING"  ©2017 DomainMondo.com
The Week: NASDAQ Composite +2.7% | S&P 500 Index +2.1% | DJIA +1.5%
The S&P 500 Index Now Up 15.4% YTD (as of 5 Apr 2019)
Investor Notes: U.S. Jobless Claims Fall to 49-Year Low, Below All Forecasts.

But "Synchronized Global Growth Has Collapsed"--Why Deutsche Just Downgraded Caterpillar.

EU: German Manufacturing Collapse: "Awful" Industrial Orders Plunge Most Since Financial Crisis.

Why Global Bond Market Investors Are Nervous: The European Central Bank has little margin to lower rates further, after the infusion of 2.6 trillion euros ($2.9 trillion) into the euro-zone economy through its bond-buying program, driving yields in Germany and the other most credit-worthy members below zero, in what some call a Japanification of the fixed-income market. Also: speculating against “the most distorted asset class in the world” caused Hugh Hendry to close his Eclectica hedge fund in September 2017, after the German two-year note confounded his expectations. Since then, that short-dated yield has averaged minus 0.6 percent, about where it was when Hendry decided to shut up shop, and near where it rests today.

Brexit: The value of the customs union to the UK is overrated--The customs union works well for German carmakers and French farmers, who have had a captive market for their products, but has not delivered anything like that for the UK.--theguardian.com.

US 'Tax Avoidance' Schemes: Wall Street’s “Dirty Little Secret” the ETF Tax Dodge--Banks pumping billions of dollars into and out of funds with “heartbeat” trades.--bloomberg.com.

4) ICYMI Tech News:
graphic: "ICYMI Tech News" ©2017 DomainMondo.com
Amazon at Scale: the Enormous Numbers Behind Amazon’s Market Reach. $AMZN Post-Marital Bliss: Jeff Bezos's ex-wife, MacKenzie Bezos, tweeted details of their divorce settlement that gives Jeff 75% of their Amazon stock and all of their shares' voting power (at least for now, further details not provided).

Apple: services group could add an additional $25 billion in gross profit by 2023. Also Apple pulls plug on its wireless charging mat.

Google made $6.5 billion from sources other than ads in Q4 2018, an increase of 30% year-over-year, while Google's ad business is growing at 20% year-over-year. New revenue sources include Google Cloud, hardware, and Google's Play store--seekingalpha.com.

MIT is the latest top U.S. education institution to cuts ties with Chinese tech firms Huawei and ZTE, while UK's Oxford University has also stopped accepting funding from Huawei..

WeWork's $1.9 Billion Loss Is A Typical Tech Bubble 2.0 Story--zerohedge.com.

Germany's Daimler has filed a complaint with EU antitrust regulators about Nokia patents essential to car communications.

Personal Tech: 
1. Why Can't I Get a Decent Stock Android Smartphone With No Apps Pre-Installed?
"Android ecosystem of pre-installed apps is a privacy and security mess"--extensive academic study finds data-harvesting and malware-laced pre-installed apps.--zdnet.com and An Analysis of Pre-installed Android Software (pdf). 
See also Android Security & Privacy Year 2018 in Review (pdf) and blog.google.

-- John Poole, Editor, Domain Mondo  

feedback & comments via twitter @DomainMondo


DISCLAIMER

2019-02-08

Fintech Startup BABB Peer-to-Peer Banking Services (video)

Tech Talk interview with Leonard Seelig, BABB

Leonard Seelig, managing director of BABB, which provides peer-to-peer banking services, talks about how a decentralised banking system can be built and the benefits of being a part of the Level 39 community in London. TheBanker.com video above first published Sep 10, 2018.

Domains: babbapp.com and getbabb.com


feedback & comments via twitter @DomainMondo


DISCLAIMER

2018-10-20

Tech Review | Future Finance: Smart Contracts on the Blockchain (video)

graphic "Tech Review" ©2017 DomainMondo.com
Tech Review (TR 2018-10-20)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) Future Finance: Smart Contracts on the Blockchain, 2) Bitcoin Detectives: Cracking the ​Blockchain, 3) Investing: The Week, Investing Notes: US, Europe, China, 4) ICYMI Tech News: Amazon AWS JEDI & HQ2, Facebook, Google, Apple, Twitter, Wirecard.

1) "Future Finance" Forum 2018: Smart Contracts on the Blockchain

A lively panel discussion on the divergence in the blockchain ecosystem between cryptocurrencies and other private permission systems and how smart contracts are evolving, moderated by Ray Chan, Senior Correspondent, FinanceAsia, with Panelists: Paul Sin, Consulting Partner, Deloitte, Angelina Kwan, Managing Director, Head of Regulatory Compliance, HKEX, Joshua Kroeker, Blockchain/DLT Lead, Global Commercial Banking, HSBC, Lawrence Ma, President, HK Blockchain Society, Douglas W. Arner, Professor, Faculty of Law, The University of Hong Kong. The session was filmed at the "Future Finance - Adapting to Disruption" Forum held at Island Shangri-La Hong Kong on Wednesday, 7th February 2018. Thomson Reuters video published Oct 5, 2018.
Blockchain graphic ©2018 DomainMondo.com
See also: From Farm to Blockchain: Walmart Tracks Its Lettuce | NYTimes.com Sep 24, 2018: The giant retailer will begin requiring lettuce and spinach suppliers to contribute to a blockchain database that can rapidly pinpoint contamination.

2) Bitcoin Detectives: Cracking the ​Blockchain

The cryptocurrency Bitcoin has a problem as old as money itself​ -- theft​. And that's giving rise to a new profession: bitcoin detectives like Kim Nilsson, a victim of the massive Mt. Gox exchange hack.

3) Investing
graphic: "INVESTING"  ©2017 DomainMondo.com
The Week: NASDAQ Composite -0.6% | S&P 500 Index +0.02%  | DJIA +0.4%

Wall Street's Charging Bull
graphic of Charging Bull | DomainMondo.com
Investing Notes: US, Europe and China
  • US is the most competitive country in the world--regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum--WSJ.com. 
  • Eurozone: ECB's "Bubble” Warning--WolfStreet.com: "After it Caused the Most Absurd Bond Bubble Ever." See also: Bavaria election (video) clear signal the center is moving to the fringes in Germany.
  • Brexit: How 4 Experts Think It'll Impact Business (video). Four scenarios (graphic).
  • EU: VC investment in European startups plunged 21% in Q3 2018--even with Brexit looming, startups in the United Kingdom were still number one, raising 43 percent ($2.3 billion) of the total capital in Q3, accounting for 32 percent (215) of the deals. France ranked a distant second in terms of venture capital raised, $679 million, and third in number of deals (78). Germany was third in amount raised, $631 million, and second in number of deals (83).--Dow Jones VentureSource Venture Capital Report - Europe Q3 2018 (pdf).
  • China: "Most surveyed companies are now experiencing unprecedented difficulties and have become increasingly pessimistic about business prospects for the next six months ... For most, business has never been worse."--Li Wei, economics professor at CKGSB. See also: China May Have $5.8 Trillion in Hidden Debt With ‘Titanic’ Risks--Bloomberg.com.

4) ICYMI Tech News:
graphic: "ICYMI Tech News" ©2017 DomainMondo.com
• Amazon $AMZN: Amazon Web Services (AWS) is widely seen as front-runner in the race to win the US DOD $10 billion cloud-computing contract [JEDI]. Alphabet Inc. a/k/a Google withdrew last week, leaving AWS, IBM, Oracle, and Microsoft vying for the contract. Amazon Chairman & CEO Jeff Bezos said Monday at the Wired 25 Summit in San Francisco:
"If U.S. tech companies turn their backs on the Department of Defense, this country is in trouble. This is a great country and it does need to be defended." 
[Editor's note: most likely outcome? AWS wins JEDI contract, and a suburban Washington, D.C., location (northern Virginia) is chosen for Amazon HQ2.]
  • Facebook $FB: Fb.gg online gaming hub expands to mobile with the launch of the beta version of a standalone Android app--techcrunch.com.
  • Google $GOOGL: Google's real-time translations now available on Android phones and all Assistant-optimized headphones, not just Google Pixel Buds--droid-life.com. See also Android is dirty word?  ‘Android’ wasn’t said a single time during the Google Pixel 3 event--9to5google.com.
  • Apple $AAPL reportedly cut Chinese iPhone repair fraud with hidden dyes and software.
  • Wirecard (WDIG.DE), German fintech company expects core profits to grow sixfold by the middle of the next decade thanks to a boom in e-commerce and digital payments--reuters.com.

-- John Poole, Editor, Domain Mondo  

feedback & comments via twitter @DomainMondo


DISCLAIMER

2018-09-16

News Review: GDPR, EPDP Dysfunction, ICANN's Flawed Temp Spec

graphic "News Review" ©2016 DomainMondo.com
Domain Mondo's weekly internet domain news review (NR 2018-09-16) with analysis and opinion: Features •  1) GDPR, EPDP Dysfunction, ICANN's Flawed Temp Spec, 2) Other ICANN news: a.GDPR Webinar, b. BAMC, c. .PHARMACY breach, 3) Names, Domains & TMs: a) PIR Registry, b.Namecheap, 4) ICYMI: China, EU, Google, Blockchain & Internet Freedom, 5) Most Read.

UPDATE Sep 17, 2018: ICANN Loses Again in Appellate Court in Germany
 Appellate Court of Cologne Order in ICANN vs EPAG Domainservices, GmbH
ICANN v. EPAG Domainservices, GmbH (EPAG is a Tucows affiliate)--Appellate Court of Cologne: "The plea of remonstrance of 17 August 2018 filed by the Applicant [ICANN] concerning the order of the Senate of 1 August 2018 (19 W 32/18) is rejected with costs." (English translation)
Full Order in German here (pdf), full English translation here (pdf). ICANN's comment following the Court's Order: "ICANN is continuing to evaluate its next steps in light of this ruling, including possible additional filings before the German courts ..."

1) GDPR, EPDP Dysfunction, ICANN's Flawed Temp Spec 
ICANN EPDP Team Meetings coming up: Tuesday Sep 18, and Thursday Sep 20, 13:00 UTC, 9am EDT. Non-members of the EPDP Team can follow the EPDP meetings via Adobe Connect: https://participate.icann.org/gnso-epdp-observers, or audio cast via browser or application.

Editor's note: links to the transcripts, Adobe Connect recordings, and MP3 audio, will be posted in UPDATES below (as made available by ICANN). Note that links to EPDP meetings' transcripts are usually posted on the GNSO calendar within 24 hours). See also EPDP Team wiki, mail list, Temp Spec, EPDP Charter (pdf), GNSO's EPDP page, & weekly updates to GNSO Council.

>EPDP Team Meeting Thursday Sep 20, 2018 (link to meeting wiki page, slides (embed below), agenda, and documents), Adobe Connect recording, MP3, meeting transcript (pdf), notes and action items, chat transcript (pdf) embed below.

Chat transcript 9/20:

>GDPR Q&A session with Becky Burr for EPDP Team, Wednesday, 19 Sep 2018, 13:00 UTC  9:00am EDT: Q&A Google doc, Adobe Connect recording, MP3, transcript, chat transcript (pdf), Burr's slides (pdf).

>EPDP Team Meeting Tuesday Sep 18, 2018 (link to meeting wiki page, slides, agenda, and documents). Adobe Connect recording, MP3, transcript (pdf), Chat transcript (pdf) embed below, and Sep 18 meeting notes and action items.

UPDATES Sep 17, 2018: 
a. Sep 17 CBI and EPDP Team Meeting: chat transcript (pdf), Adobe Recording, MP3, transcript  (pdf). Editor's note: Let's all take a deep breath and kumbaya together next week in LA!
Thomas Rickert: "We are trying to fix a document (Temp Spec) that can hardly be fixed."
b. EPDP Team weekly update to GNSO Council (pdf) filed Sep 17, excerpts:
"In response to the question regarding how the EPDP Team’s work plan corresponds with the charter questions, the EPDP Team agendas will now include the corresponding charter questions."
"The EPDP Leadership elected to retain CBI to provide mediation and facilitation services. Mediators from CBI, who specialize in multi-stakeholder negotiation and mediation, will attend the F2F session in Los Angeles to assist the EPDP Team in making progress."
"Risk: Due the expedited timeline and associated workload, EPDP team members are struggling to provide requested input within the requested timeframe. The work plan assigns topics for each scheduled EPDP call, but the time allocated is not enough, as more discussions are needed per EPDP team members requests. This is impacting the current work plan as we have delays regarding sections, e.g., section 4.4. Attempts are made to have follow-up deliberations in mailing lists and via homework too. F2F in LA is also aimed for making more steady progress on several areas/sections and the end of it we will have a better idea if we are are able to deliver following the timeline." 
"The Team will meet with the CBI mediators on Monday, 17 September to provide input on structure and agenda for the F2F meeting in Los Angeles. On Wednesday, 19 September, Becky Burr will lead a GDPR Q&A session; accordingly, EPDP Team Members were asked to complete the IT Governance training in advance of the session with Becky Burr. The Team will continue deliberating on § 4.4 (Legitimate Purposes for Processing), review an updated data element matrix provided by Thomas Rickert and the Support Team, and begin deliberating on Appendix A (Registration Data Directory Services)." 

EPDP Highlights from last week:
EPDP Team Timeline
Kurt Pritz (the inept EPDP Chair appointed by the GNSO Council): "So here’s you know, a timeline [see above] – this is the timeline that wakes me up at three o’clock in the morning every day and so we’ll target, we’ll – for the LA meeting [Sep 24-27] we’ll target certain items that will require closure or close to closure by the end of the LA meeting so we’d meet our timeframes."--9/13 meeting transcript (pdf), p. 4. [Editor's note: Kurt Pritz has been 'out of his depth' from day one as EPDP Chair. My impression is that Pritz has largely deferred to ICANN staff in determining EPDP meeting agendas and the path of the EPDP Team thus far. Indicative of his "leadership style" is the fact that Pritz thinks he can watch TV shows and chair EPDP Team meetings at the same time! 8/30 meeting transcript, p.2]

"Yes, there is a plan to have a facilitator [mediator] attending the F2F [face-to-face] meeting in LA  and helping us there."--Rafik Dammak, GNSO Council Liaison. [Editor's note: Dammak and Pritz,  are the dynamic duo known as the "Leadership Team" of the EPDP Team or working group (WG). My impression is that, in actuality, Dammak exercises "no leadership," deferring instead to Pritz, who is deferring to ICANN staff, who most likely are deferring to ICANN's incompetent management team. This is just one more example of how dysfunctional, ICANN, and its policy processes, really are.]

"The EPDP Team should have been consulted before this [GDPR training] course was selected. We need training that addresses the very real skills gap that has delayed our work over the past few weeks; the 45-minute course that has been made available to us is too generic to be useful, and this should have been obvious to Leadership."--Ayden Férdeline (NCSG) member of both the GNSO Council and the EPDP Team. [Editor's note: nothing is "obvious" to inept "Leadership." ]

"... the inadequacy of the [GDPR] training provided [by ICANN] will contribute to the overall failure of this EPDP. It will not be the only factor, but it will be one that was within our control to correct."--Ayden Férdeline (NCSG). [Editor's note: When you have a GNSO Council member and EPDP Team member talking in early September about why this EPDP will fail, it's an obvious sign that "something is wrong."]

Keith Drazek (RySG Council Member) on the GNSO Council mail list Sep 11:
"I have joined a couple of the recent EPDP WG calls as an observer, and I have a few observations and questions we should consider. From a Council “process management” perspective, these are intended to be constructive in the hopes of ensuring success of the EPDP:
"Following the Triage exercise, the EPDP working group does not appear to be working toward answering the [gating] questions contained in the Charter in a systematic way. What was the decision process behind not following the Charter questions? When will the group return to the Charter questions? What does the WG leadership see as the ultimate outcome of this EPDP, and what do we as [GNSO] Council expect the deliverable to be? Rather than focusing on the gating questions enumerated in the Charter, the WG has been engaged in a Temp Spec red-lining exercise.  Is our expected deliverable a list of policy recommendations or a revised version of the Temporary Specification? Or both?  We should all be clear on the expected deliverable. After 12 meetings and the Triage process, there doesn’t appear to be much progress toward consensus. It seems that different groups keep restating their positions with little variation when it comes to discussing purposes. Does leadership have a plan for breaking through this and moving the ball forward? Do we as Council need to provide additional guidance or clarification? Noting that the discussion on many calls seems to meander, it might be helpful for leadership and staff to identify a goal or goals that the day’s discussion is meant to achieve, and to communicate such goal(s) to the WG prior to the call along with the agenda. Have leadership and staff developed a plan for how to structure the face-to-face meeting in Los Angeles later this month? ..."
Editor's note: the only response to Keith Drazek's cogent comments above, posted on the GNSO Council mail list, was this by Rafik Dammak, to which Keith Drazek responded Friday:
“… In creating the charter, the drafting team recognized the complexity of what the working group was being asked to do and the tight timeframe involved, and so deliberately laid out the charter questions in the mission and scope section to guide the working group through the questions it would need to answer and the steps it would need to follow to develop consensus policy recommendations to address the temporary specification.
“Am I correct in understanding your response that the [EPDP] leadership team and support staff have made the decision not to follow the path laid out in the charter? It appears, instead, that the working group is going through and deliberating on each section of the temporary specification which, as you put it, is likely to produce both redlines and policy recommendations.
“You referenced the “Discussion Summary Index” found on the working group wiki page.  While these documents contain the temporary specification language, relevant advice from DPA/EDPB correspondence, input from the triage exercise and a mapping to related charter question(s), it is not clear how those summaries are being used to help guide the group toward consensus.
“Noting the work and project plan on the working group wiki page, I’d like to understand the rationale behind deliberating section by section through the temporary specification instead of following the charter questions.
“Finally, I am concerned with the part of your response where you say the working group still needs to figure out what the outcome of the EPDP should be.  How can the group organize its work if they do not know what they are working towards as a deliverable?  I’d appreciate an update to Council from you or Kurt [Pritz] on this matter specifically.” (emphasis added)
[Editor's note: Keith Drazek is VP of Policy & Government Relations at VeriSign, which is the world's largest domain name registry operator (.COM, .NET, etc.), manager of 2 of the world's 13 "root servers" and Root Zone Maintainer. Any response to Drazek from the EPDP "leadership team" posted on the GNSO Council mail list in the next few days, will be linked or added here as an update [see Sep 17 UPDATE above]. I am surprised that neither Rafik Dammak nor Kurt Pritz have shared Drazek's emails with the EPDP Team (EPDP working group), since both emails raise fundamental questions about the EPDP Team's work plan and processes to date, and also question the judgment of EPDP leadership and ICANN staff in not following the Charter (gating questions). There are only 2 EPDP meetings left before the Los Angeles F2F meeting Sep 24-27. A professional facilitator will be of little help if the EPDP Team's fundamental processes and work plan are unsound or "off the rails."]

Stephanie Perrin (NCSG): "I would like to reiterate my request to have Peter Kimpian from the COE [Council of Europe] join this group as an independent expert. We are discussing purpose without the benefit of how the DPAs view purpose. It would be helpful to have that perspective." 
Ayden Férdeline (NCSG):+1 Stephanie - the input of the COE would be invaluable. 
Benedict Addis (SSAC):+1 Stephanie, was at COE last week and they are very sensible and knowledgeable. Chat transcript 9/11 meeting, p.6. [Editor's note: it appears that neither EPDP leadership nor ICANN management and staff want any expert guidance from Dr. Peter Kimpian or any other European GDPR expert, since Ms. Perrin's repeated requests have been repeatedly rebuffed and ignored.]

Stephanie Perrin (NCSG): "I thought the Charter was pretty clear on this. We have not answered the gating questions." Chat transcript 9/11, supra. [Editor's note: Ms. Perrin raises the same issue as Keith Drazek above--the dysfunctional and inept EPDP leadership not following the EPDP Charter--the "gating questions" are threshold questions.]

Thomas Rickert (ISPCP): "The root cause of this discussion is that we have a document (Temp Spec) that is badly written and structured as a basis for our discussion. The more I listen to these discussions (that do not take us anywhere) the more I think we need to divorce our discussions from the Temp Spec. We need to discuss a lot of points in the right sequence and I am sure that a legal and analytical approach will make even those happy that want Appendix C included."
farzaneh badii (NCSG):Totally Agree Thomas. 
Amr Elsadr (NCSG):@Thomas: +1.
Chat transcript 9/ll, supra. [Editor's note: Thomas Rickert is a German lawyer and lead counsel for Tucows affiliate, EPAG, in litigation filed by ICANN in Germany, in which ICANN has been the losing party, at every level, thus far.]

Stephanie Perrin (NCSG): "I have my hand up. The points I want to make are: 1) I do not recall agreeing to a framework for disclosure. We are not there yet. 2) Whatever happened to answering the gating questions before we get to Appendix C?" Chat transcript 9/11, supra.

Stephanie Perrin (NCSG): "... by starting with what I would argue is a fundamentally flawed temporary spec, we are trying to fix things that do not approach the problem of data protection as it applies to registrant data in the logical way that a data controller – a data supervisor is going to look at this ..." 9/13 meeting transcript, p. 21 of 44 (pdf).

More info and updates on last week's meetings in last week's News Review.
Photo of ICANN CEO Goran Marby, with words below:" ICANN's  GDPR Train Wreck"  ©2018 DomainMondo.com
Definition of "train wreck" -- a chaotic or disastrous situation that holds a peculiar fascination for observers.
Note also:
a. ccTLD .nz Regulator Obtains Preliminary Injunction Against Domain Tools (pdf):
"Plaintiff is a New Zealand non-profit corporation that regulates the use of the .nz top level domain, including registering new domain names and responding to inquiries regarding registrants. Defendant collects domain and registrant information from around the world, stores the information, and uses its current and historic databases to sell monitoring and investigative services and products to the public. Plaintiff alleges that the way defendant accessed, stores, and/or uses .nz domain and registrant information constitutes a breach of contract and violates the Computer Fraud and Abuse Act and the Washington Consumer Protection Act. It seeks a preliminary injunction precluding defendant from accessing the .nz register, downloading .nz data into its own database, and publishing certain .nz data (including all historical information). Defendant
opposes the motion and seeks discovery it deems critical to its ability to respond to the request for preliminary relief ....
"... plaintiff’s motion for a preliminary injunction (Dkt. # 2) is GRANTED and defendant’s motion for expedited discovery (Dkt. # 9) is DENIED. Defendant DomainTools, LLC, and its officers, agents, servants, employees, and all others acting in active concert with them who receive actual notice of this order are hereby enjoined from accessing the .nz register while DomainTools’ limited license remains revoked and/or publishing any .nz register data DomainTools had stored or compiled in its own databases while this action remains pending or until further order of the Court."
Mr. Len Cali, Senior Vice President—Global Public Policy, AT&T Inc.
Mr. Andrew DeVore, Vice President and Associate General Counsel, Amazon.com, Inc.
Mr. Keith Enright, Chief Privacy Officer, Google LLC
Mr. Damian Kieran, Global Data Protection Officer and Associate Legal Director, Twitter, Inc.
Mr. Guy (Bud) Tribble, Vice President for Software Technology, Apple Inc.
Ms. Rachel Welch, Senior Vice President, Policy & External Affairs, Charter Communications, Inc.
"The time is right to modernize our federal rules and develop a national framework for consumer privacy."--Internet Association, which represents more than 40 major internet and technology firms including Amazon, Facebook, Google, and Microsoft. Michael Beckerman, president and chief executive officer of the Internet Association, said “we definitely want to get this in place [and preempt state laws] prior to California [new Consumer Privacy law effective Jan 1, 2020] because California got it wrong.”

2) Other ICANN News
graphic "ICANN | Internet Corporation for Assigned Names and Numbers"
a. ICANN will hold a webinar on 26 September 2018 from 15:00 to 16:00 UTC to provide an update on recent ICANN data protection/privacy activities related to the European Union's General Data Protection Regulation (GDPR). Join via Adobe Connect (dial-in info). More information here.

b. Minutes of the ICANN Board Accountability Mechanisms Committee (BAMC) Meeting 04 Sep 2018: new gTLDs .MERCK, .HALAL, .ISLAM, .PERSIANGULF; and litigation update.

c. New gTLD .PHARMACY--ICANN Notice of Breach status:

3) Names, Domains & Trademarks
graphic "Names, Domains & Trademarks" ©2017 DomainMondo.com
Editor's note: 2 recent announcements I couldn't wedge into last week's News Review:

a. PIR Registry (pir.org), registry operator of .org .ngo .ong: Big Changes Coming Up To Our Registrar Products: "... we won’t be offering any further volume discounts when the current agreements expire. While volume discounts are a long established product offered by many registries, they clearly favor larger registrars as only the larger registrars can reach the volumes necessary to qualify for the discount. We don’t think this is fair and we want all our products in the future to be equally accessible to registrars of all sizes. The second change is that we’re going to measure the success of our products on more key performance indicators than just the number of creates they produce ... we’re going to look at the quality of the new registrations generated – do they have a higher incidence of technical abuse such as malware or phishing? We’re also going to look at whether there is a positive impact on our brand attributes and how registrars and registrants perceive us ..."

b. Namecheap (domain: namecheap.com), a privately held, ICANN-accredited domain registrar and technology company, founded in 2000 by CEO Richard Kirkendall, recently announced it now has 10 million registered domain names under management and "is the second biggest retail domain registrar in the world." The press release also noted Namecheap's unique culture and long history of fighting for internet freedom and Net Neutrality. To date, Namecheap has raised almost $500,000 to support internet freedom causes with its annual Move Your Domain Day. [Editor's note: Tucows, with its affiliates, collectively, is the world's second largest domain name registrar, GoDaddy is the largest.]

4) ICYMI Internet Domain News 
graphic "ICYMI Internet Domain News" ©2017 DomainMondo.com
a.  China: China’s tech giants are Balkanizing the Chinese internet--"Most people believe the Chinese internet is one world unto itself, but few realize there are multiple separate, loosely connected ecosystems in China’s cyberspace. Competition in China’s internet world is not about individual tech companies anymore, it’s increasingly a contest among ecosystems."--technode.com.

China launches platform 'Piyao' to stamp out 'online rumors'--reuters.com. President Xi Jinping said in 2017: "China will build a 'clean and clear' internet space."

Google Is Handing the Future of the Internet to China: The company has been quietly collaborating with the Chinese government on a new, censored search engine—and abandoning its own ideals in the process--ForeignPolicy.com.

Senior Google Scientist Resigns Over “Forfeiture of Our Values” in China--he told The Intercept in an interview that he believes he is one of about five of the company’s employees to resign over Dragonfly.--TheIntercept.com. See also TheIntercept.com: Google's prototype of a censored search engine for China links users’ searches to their personal phone numbers, making it easier for the Chinese government to monitor people’s queries.

b.  EU: Controversial internet copyright law, including Articles 11 and 13, a/k/a the “link tax” and “upload filter” approved for final vote in Jan. 2019--TheVerge.com: "it will have a huge, disruptive impact on the internet, both in the European Union and around the world. Exactly how the legislation will be interpreted will be up to individual nations, but the shift in the balance of power is clear: the web’s biggest tech companies are losing their grip on the internet."

Today, Europe Lost The Internet. Now, We Fight Back by Cory Doctorow, Sep 12, 2018 | EFF.org.

Google: Can Europe Export Privacy Rules World-Wide? Google argues against expanding ‘right to be forgotten’ in the highest-profile case yet on who regulates data world-wide--wsj.com.

c.  Google & Bias: "Trump is right: More than Facebook & Twitter, Google threatens democracy, online freedom"--Brad Parscale, campaign manager for Donald J. Trump for President Campaign 2020, Op-ed in USAToday.com. See also: "Google Was "Working To Get Hillary Clinton Elected" With "Silent Donation" According To Leaked Internal Email"--ZeroHedge.com.

d.  Can Blockchain Restore Internet Freedom? Decentraland blends VR with blockchain technology, removing the potential for government interference--marketwatch.com.

Domain Mondo archive