In “If You Thought The Coinbase Bankruptcy Disclosures Were Bad…”, Mark Jeftovic under a big picture of Canada’s Prime Minister Justin Trudeau on his Davos throne, alerts us that in the private property rights including bank accounts, have reverted to the pleasure of the realm:

“Hell yeah, we’ll take your savings.”

Given the behaviour of  governments just this year alone, where

• in Canada having the wrong political views could get your bank accounts seized,
• The US seized the  foreign reserves of two sovereign nations
• European banks are frantically seizing assets of persons with surnames ending in ‘-ved’ , ‘-nin’, ‘-tin’, ‘-lin’ or ‘-ov’
• Russia, for their part, is seizing assets of Western companies within their borders

Jeftovic’s bigger point is that it’s not safe to keep your cryptocurrency on an exchange.

Continue reading What CryptoDad must do to avoid the fate of PirateDad at uncoy.

In the comments to Cryptos – waiting for the bids… super elite notes:

A Brief History of Ponzi

Charles Ponzi became famous as a result of the mania he created in 1920 in the midst of the post World War depression. His scheme involved convincing the public that he had a profitable business (arbitraging price differentials in International Reply Coupons, or IRCs). But the market for IRCs was too tiny to plausibly support the many millions of profit that Charles Ponzi claimed to be making, so suspicions grew and his scheme collapsed. He started with nearly nothing, made millions, lost the faith of his investors, and finally pled guilty all in the same year.

The stock market mania in the 1920’s then led to the Great Depression, and in the 1930’s a chain letter craze swept across the US.

Continue reading Is cryptocurrency, i.e. Bitcoin, a Ponzi scheme? at uncoy.

People are paying $300,000 to be named as the owner of this piece of publicly available (questionable) art.

Apparently this left space for the sales team to make a two decimal point typo and sell the NFT for 0.75 of an ethereum coin instead of 75 ethereum. In the real world, clerical price errors like this are usually undoable on high ticket items. Not so in the dog-eat-dog digital world. The sale happened instantly, with no redos.

In the comments to “Bored Ape” NFT Sells For Just 1% Of Expected $300,000 Price Tag After Fat Finger Listing, [jzerohedge](https://www.zerohedge.com/markets/bored-ape-nft-sells-just-1-expected-300000-price-tag-after-fat-finger-listing) notes:

The fact that people buy things like this and bitcoin shows just how stupid we all are and is the reason why all of these psyops by TPTB work so well.

It is things like this that they use to measure the stupidity of the people.

Continue reading “Bored Ape” NFT Sells For Just 1% Of Expected $300,000 Price Tag at uncoy.

Over at MoonofAlabama.org, the publisher b faces an ongoing battle with ever more sophisticated professional posters. These posters appear to be part of the (dis)information services of one government or another (US DoD, MI5 among others have openly advertised such vacancies over at least the last two years.

The rules over at MoA are fairly strict. Simple name calling or out and out falsehood or MSM appeals to authority (i.e. NY Times) won’t fly there. So visiting would-be trolls are always experimenting with new techniques.

The latest tactic is early thread jacking. There’s a character by the name of Paul who always posts an anti-Russia or anti-Putin diatribe, whatever the post subject. Defanging his venom always grabs the attention of a few of the keenest mind and any thread quickly goes off track. If the deliberate derailing wasn’t bad enough, “Paul” now posts first on a regular basis, killing every thread dead in his tracks.

Continue reading How to defang machine enhanced human trolls at uncoy.

Cash in safety deposit boxes vs the Stock Market

An investment retirement guru is convinced that millennials don’t know how to invest and are missing the opportunity of a lifetime to invest their money in a stock market.1 which has never been more overpriced (ridiculous multiples) since 1929.

I have been stunned recently by some of the discussions I have had with some of my own children’s friends and relatives about finances and investing towards a more secure financial future….in talking to my own son, he states that his friends (ages 25-40) are afraid of the markets…. Some are even putting cash in a safety deposit box! If there is ONE thing I can never mention enough is that if you want to have a secure financial future, YOU need to save as much as you can, as soon as you can for as long as you can.

Continue reading Retirement Strategy for Millennials: Should Savings go to Stock Market, Cryptocurrency or Real Estate? at uncoy.

My girlfriend likes to work hard. She starts at her office between eight and eight-thirty in the morning and works until seven or eight in the evening. I like to work hard as well. But still our schedules didn’t coalesce.

For awhile, I tried getting up at seven-thirty just after her (she would want an extra half hour with the mirror) and walking her to work.

That was the best part of my day. Getting up together, having a cup of tea and walking Eliska to work was a joy.

But when I cam back to my desk, my mind drifted for a good three hours or so while I tried to take advantage of those splendid morning hours.

Unfortunately I have a biological clock inherited from Joseph Stalin – Stalin regularly kept the Kremlin running until 5 in the morning.

Continue reading How to Avoid Fights with your Girlfriend about Work at uncoy.

Due to inexperience, I’ve lost those bidding wars to date but will win the next rounds.

I keep wondering where on earth are all these jobs coming from?

The normally annoying Robert Cringely has the answer.

LEAN is about offshoring and outsourcing at a rate never seen before at IBM. For two years Big Blue has been ramping up its operations in India and China with what I have been told is the ultimate goal of laying off at least one American worker for every overseas hire. The BIG PLAN is to continue until at least half of Global Services, or about 150,000 workers, have been cut from the U.S.

Continue reading IBM Slovakia – Offshoring at uncoy.

Continue reading Mobile phone base antenna radiation and Bees at uncoy.

I’ve been doing some domain research lately for Foliovision.com. One of the great sources of information for the domain industry is an online publication called DNJournal which does a weekly roundup of the top domains sales.

Very useful information. DNJournal also publish a number of interviews with top domainers (people whose primary economic activity is buying and selling domain names).

Imagine my curiosity when I came across this piece:

Just 2 years after entering the industry, AL-Ghanim has amassed more than 12,000 quality domains, including jewels like media.com, multimedia.com and fm.com. He has thriving websites like mp3.tv, dj.net and oxide.com and he has just purchased a major ICANN-approved internet registry that will be located on another showcase domain, i.net.

No wonder domain industry forums are buzzing with questions about “Elequa”, a childhood nickname the 32-year-old internet phenomenon uses for his online identity.

Continue reading Reality call to DNJournal.com: What’s with the puff piece on Future Media Architects? at uncoy.

Check out this info about the demutualization of Sun Life-Clarica and missing policy holder claims:

Demutualization is the process of converting a mutual life insurance company, owned by its policyholders, to a publicly traded stock company owned by shareholders, pursuant to a plan of conversion approved by government regulators.

The amount paid to each policyholder is based on a number of factors, including length of time the policy has been in force, face value of the policy, and total premiums paid. For many policyholders, the windfall arising from demutualization can be substantial, but millions of missing policyholders and heirs aren’t aware they are entitled to receive compensation.

The number of shares allocated to each eligible Sun Life policyholder varied widely.

Continue reading LIfe Insurance Profits: One Third of All LIfe Insurance Policies Go Unpaid at uncoy.