#market
You don't say! How is it even possible, with all that fine security IoT devices enjoy?
#sarcasm
#IoT #botnet #energy #market
Hackers Could Use IoT Botnets to Manipulate Energy Markets | WIRED
At the Black Hat security conference on Wednesday, the researchers will present their findings, which suggest that high-wattage IoT botnets—made up of power-guzzling devices like air conditioners, car chargers, and smart thermostats—could be deployed strategically to increase demand at certain times in any of the nine private energy markets around the US. A savvy attacker, they say, would be able to stealthily force price fluctuations in the service of profit, chaos, or both.
The researchers used real, publicly available data from the New York and California markets between May 2018 and May 2019 to study fluctuations in both the "day-ahead market" that forecasts demand and the "real-time market," in which buyers and sellers correct for forecasting errors and unpredictable events like natural disasters. By modeling how much power various hypothetical high-wattage IoT botnets could draw, and crunching the market data, the researchers devised two types of potential attacks that would alter energy pricing. They also figured out how far hackers would be able to push their attacks without the malicious activity raising red flags.
https://www.wired.com/story/hackers-iot-botnets-manipulate-energy-markets/
Scientific materialism has been to humanity what supermarkets have been to our conception of food: the combination of marketing and variety has greatly convinced a significant portion of us that the supermarket is not only the origin of food but the best and only place to get it.
- Imam Marc Manley
#الإسلام #education #educate #indoctrinate #administer #معاملات #scientism #science #materialism #scientificmaterialism #belief #epistemology #religion #market #markets #usury #fiat #fiatmoney #money #technocracy #freedom #Europe #Europeans #Western #WesternCivilization #ربا #history #culture #society #economics #Islam #Sharia #Shariah #Shariat #Sufi #Sufism #Muslim #Khalifa #muamalat #riba #تَصَوّف
#Grand #Lake #Farmers #Market #LakeMerritt #Oakland #Our #World
Grand Lake Farmers Market – Oakland
Saturday 9am – 2pm / Year Round
A wonderful farmers market that I always miss... From now on, I'll be shopping there for my fruits and vegetables! Great selection, food vendors, and more... Perfect on a sunny day like today...
Lake Merritt / February 21, 2015
Is Gresham's Law a special instance of a more general phenomenon?
I've just encountered three alternate presentations of Gresham's law in different contexts, and am beginning to convince myself that it's a specific case of a general type of systems failure.
Herman E. Daly describes a "Gresham's Law of Internalization": with free trade and free capital mobility come a standards-lowering race. Bad cost accounting drives out good cost accounting. Ricardo's comparative advantage of trade assumed immobile capital....
Continued at the dreddit
#economics #greshamslaw #systems #systemsfailure #market #marketfailure
http://www.reddit.com/r/dredmorbius/comments/2h63fp/is_greshams_law_a_special_instance_of_a_more/
#Al-Hamadiyah #Souq #Market #Damascus #Syria #Culture #Life #Photography #History #MiddleEast #Our #World
Al-Hamadiyah Souq سوق الحميدية
Early 1900s
Photographer unknown
Damascus, Syria
