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Comment Not *really* selling student loans (Score 3, Insightful) 49

Sounds to me like they want to *write* student loans. Which is quite different from selling them. I would be interested in buying the notes, if that's what they were selling. Usurious interest rates, no chance of discharge in bankruptcy, no expiration. This is the kind of investment vehicle I would want to own.

Comment Re:The Cloud (Score 1) 446

The government already has all that, they don't need to break into DropBox or OneDrive to read that stuff.

True, and the government is not my main concern with putting sensitive data, albeit encrypted, in the cloud. My main concern is that someday, the encryption might be broken. Once that happens any script kiddie with the right tools can to get to the data, and there's no sure way to remove it from the cloud.

Comment Re:The Cloud (Score 2) 446

you will be at no risk of hackers or anyone else gaining access that way

I disagree. Encryption algorithms are constantly being tested and broken, and there is great incentive for that to continue. From the NSA and other governmental entities deliberately weakening the tools we use to encrypt, to as-yet undiscovered flaws, nobody can say with 100% certainty that current encryption technology will forever be secure.

And that's the biggest problem with the cloud. Once a single copy has been posted, you no longer have a sure way to delete every copy in existence.

Comment Re:Or they'll just implement censorship. (Score 1) 308

That is essentially what all ISPs want when they say they want to sell "fast lanes" on the internet. It's censorship. I'm just saying, give them what they want and then hold them criminally liable for anything illegal that gets through: pirated material, objectionable content, etc. No filter is perfect, and when the execs start landing in prison they'll change their tune soon enough.

Comment We can end this nonsense today. (Score 4, Interesting) 308

Seems to me that if ISPs want to selectively favor content, they should be held responsible for *any* content passing through their systems. Start throwing their execs in prison for distributing whatever illegal material passes through, and watch how fast they scramble to be classified as common carriers.

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