this post was submitted on 29 Jun 2025
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Privacy

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[–] XLE@piefed.social 23 points 1 day ago (1 children)

There seems to be something a little... off here. VP looks like it's a tech demo for a patent held by another company.

The new VPN service is operated by the American company VP.NET LLC, which in turn is owned by TCP IP Inc

And TCP IP (a terrible name for people who want to look it up) is exclusively proud of owning a patent it thinks is worth a lot of money. From its site:

We own the intellectual property that enables hardware-guaranteed network privacy—addressing a critical market gap worth $562 billion by 2032.

To me, it sounds like the CEO is trying to sell the company itself as a product to a larger investor. And that other privacy considerations, like jurisdiction, never factored into this.

Then I got to this part of the article, which seems to confirm those suspicions.

The idea to use SGX as a privacy shield comes from Andrew Lee, the chief privacy architect at VP.net. As the founder of Private Internet Access, which he sold to Kape a few years ago, Lee has a long history in the VPN space. However, he believes this new concept is a breakthrough.

So this company is run by somebody who sold out before.

[–] hansolo@lemmy.today 11 points 23 hours ago* (last edited 23 hours ago)

100% this. It's a "company" that just needs to tick some boxes to look enough like a company to get a higher valuation. On top of the terrible name of TCP IP inc, VPNet is a name already worked to death. It's like they purposefully don't want anyone to hear about them outside of the industry and their own contacts.

Good for them I guess. But weird.

Edit: also, this looks like someone said "how do we make TOR commercially profitable?" And started the business from that. It is a clever way to approach the problem, and a protocol that might become a VPN standard in 5-10 years if legal challenges go on their favor, simply because it removes liability of the provider. But most western governments will immediately peg this as enabling csam and terrorism and money laundering. Unless the right buyer sticks it to the right truthy social media platforms and sanctifies it.