Random Politics & Religion #00

I do what I'm told and all I got was this lousy T shirt

Actually I hate T shirts with sayings on them...

No Kat Dennings and Sofia Vergara

They both support Israel with there massive cleavage.

Its time you posted more eye candy. I've become desensitized to your current avatar.

I see this conversation has taken an upward turn, lol.

I too also agree with you blazed that Mr Nobody is obviously suffering from something bad, i explained what a law was and gave a example of it, and he just refused to let it sink in his overdosed blue pill mind like a good little lemmoning he is.

Yeah currently big everything loves that the republicans and democrats are letting them get away with crappy service, and i agree we should have more services. thats why this act was made to put big business in its place and show them that the people are the real bosses of the land.

Sherman Antitrust Act of 1890, this is a act that is sorely needed acted on now more then ever to remind Corporations and Big Everything who the boss really is. That is the Citizens of this great nation.

The sherman act can give you plenty of competition. Think of it this way on how it acts it really is a paddle that keeps capitalism in its place and honest when used right. It sees one big company bullying everything else and destroying competition, think of the sherman act like a big hammer and that bully of a corporation or big business is a large piece of glass. The Hammer smashes the glass into tiny pieces to enforce fair competition with the same product.

A Hong Kong Bitcoin exchange has allegedly shut its doors with as much as £254 million of investors’ funds missing, according to a report from CoinDesk.

MyCoin offered clients to invest in a contract that would provide a HK$1 million return (£84,823) on a HK$400,000 (£33,929) investment, and even, as the South China Morning Post says, offered additional prizes of Mercedes-Benz cars or cash if investors recruited others.

However, there are now fears that MyCoin operated a pyramid or “ponzi scheme,” which later paid investments out to early clients to create — illegally — the illusion that the company was seeing huge returns. One client said she was “told by those at higher tiers [of the scheme] that we can get our money back if we find new clients.” Tech In Asia is already labelling MyCoin a “pyramid scheme” and a “scam.”

The company’s offices have been closed for over a month for “renovation,” and fears are now mounting that the funds are gone for good. Customers did not have any written records of their investments beyond accounts on the website, making any potential criminal investigation difficult. Some reportedly took out mortgages in order to invest as much as HK$50 million — £4,274,815.

Bitcoin’s troubled trading history

Bitcoin’s history has been punctuated with scams and failed exchanges. Most famously, Tokyo exchange Mt. Gox shuttered in early 2014 with around $450 million (at then current prices) in Bitcoin missing. More recently, hackers stole $5 million from UK exchange BitStamp.

However, Hong Kong Bitcoin entrepreneur Aurélian Menant told Tech In Asia that MyCoin is more similar to classic scams than previous sophisticated Bitcoin hacks.

“MyCoin was offering its customers to invest in mining contracts, promising them 300 percent year-on-year profits,” he said. “It is really a basic case of Ponzi scheme, exactly like what Madoff had done for years in the US with more classical investments… Investors were supposed to buy shares in mining rigs, and therefore get a proportional share of the returns.”

The overall figure $387 million figure comes from the South China Morning Post. The paper calculated it based on a previous statement by MyCoin. The exchange had claimed it had 3,000 clients who had invested on average HK$1 million.

The post Report: Hong Kong Bitcoin exchange disappears with £254 million appeared first on Business Insider.

What the hell is a lemmoning?

That's called being a "Lemming", not a "lemmoning".