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The SEC Created Its Own Scammy ICO To Teach Investors a Lesson (theverge.com)
In its latest effort to fend off cryptocurrency scams, the Securities and Exchange Commission launched its own fake initial coin offering website today called the Howey Coin to warn people against fraudulent cryptocurrencies. From a report: The name is a tongue-in-cheek reference to the Howey Test that the SEC uses to determine whether an investment is a security, which the Commission would therefore have legal jurisdiction over. Click 'Buy Coins Now' on the Howey Coins site and you'll be redirected to an SEC page that states: "We created the bogus HoweyCoins.com site as an educational tool to alert investors to possible fraud involving digital assets like crypto-currencies and coin offerings." It even has a white paper [PDF].
Clearly we should be suspicious of Howie coins if such a pseudo-DOS is so easily effective.
Yet I don't wanna be left behind again, so maybe I will fight through it.
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
Where do I send my money?
This guy's arm just came off!
And THAT'S why... you don't invest in fucking scam coins.
I don't think Slashdot can bring down a Raspberry Pi running a web server. It just isn't as big as it use to be.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
there are dozens of us
DOZENS
Who does this appeal to?
The same people that bought CDOs from that other scam the SEC created: Goldman-Sachs.