I thought the crypto wars were won in the 90s...
What exactly do they demand?
They're demanding that internet companies should be banned from implementing any kind of encryption methods that the government cannot bypass.
Right now, the govt has been slowly compromising open-source security solutions, like OpenSSL -- this bill seems to be aimed at making it illegal for internet companies to even use encryption in the first place.
This would basically ruin online banking.
Besides, OpenSSL is not the problem. It's just a library which implements lots of cryptographic functions. SSL/TLS isn't broken because of some software problem, but because the CAs can be coopted.
It's like with secure boot. By itself, SB is a great technology to make sure customs-officer can't replace your kernel with his own without you noticing. However, SB relies on microsoft to sign bootable executables, and MS is going to sign whatever the FBI wants to be signed. Of course everyone could use his own keys, but nobody does, cuz it requires some learning. Heck, people don't even compare GPG fingerprints most of the time.
I agree with your CAs being coopted point.
I would encourage you to watch this video: https://invidio.us/watch?v=3jQoAYRKqhg
Edit: Also, it wouldn't break online banking. A I understand it, encryption can still be used, but it must be encryption protocols which are backdoored by the govt/can be bypassed in some way by the govt.
Crypto is a facet of control. Population control is part of the never-ending crisis of humanity.
I forgot the password to my encrypted volume because it was 120 characters long taken from a book long-since removed from circulation and I lost my last copy in a tragic boating accident.
Check mate, population control system pretending to be a legal system.
You're doing it wrong. First, 120 chars is excessively long, and if your password is written down in some book, it's already part of some wordlist, so it has little real entropy. The NSA would break it overnight.
I use a cypher. Good luck.
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