And you're not even obligated to fulfil anything, just demonstrate you've "tried" enough!
Which successful ICO?
- a lack of consistent, high-quality brand identity; you can notice design tropes that a novice/underpaid graphic designer would use
- use of generic/non-exclusive stock photography (this woman - https://c1.iggcdn.com/indiegogo-media-prod-cld/image/upload/... - is a meme: http://knowyourmeme.com/memes/ariane-the-overexposed-stock-p...)
- plain kitsch: https://c1.iggcdn.com/indiegogo-media-prod-cld/image/upload/...
When a company is really invested in a product, they put a lot of work on it, often worth much more the investment (in money, time, opportunity costs, mental energy etc). Scammers just want to pick the low hanging fruit.
Good marketing can be inexpensive, but it's not easy. Perhaps it's pick 3 of: cheap, effective, tasteful, easy.
not the fact the watch is breaking laws of physics (projecting black light), or shoes use display that doesnt exist?
Both have been destroyed on EEVBlog and other technical forums in mere days of showing up on KS.
A $10 rendering is a good test of that though. Most people aren't going to work very hard to get $10 back.
As above, that doesn't work all that well for small sums, but I think it doesn't encourage a free for all either.
His masterpiece scam?
This was a scam that caught my grandmother 10 years ago. The New York Times did a story on the industry:
State regulators have tried to protect victims like Mr. Guthrie. In 2005, attorneys general of 35 states urged the Federal Reserve to end the unsigned check system... But the Federal Reserve disagreed. It changed its rules to place greater responsibility on banks that first accept unsigned checks, but has permitted their continued use.
...In all, Wachovia accepted $142 million of unsigned checks from companies that made unauthorized withdrawals from thousands of accounts, federal prosecutors say. Wachovia collected millions of dollars in fees from those companies, even as it failed to act on warnings, according to records.
I documented my failed effort to get Washington Mutual to reverse the checks written against my grandmother's account:
Generally I recommend having two bank accounts, one which is rarely used other than for deposits and functions as a backup in the event your primary account is compromised. I also recommend not using a debit card and instead get the financial discipline to just pay off credit card balances each month and then use credit-cards for as much as you can from banks not tied to either your primary or backup checking account.
You have 30 days from receipt of your bank statement. It's in the audio interview of which this article is an exerpt.
"1. Unlimited liability applies. The standard of unlimited liability applies if unauthorized transfers appear on a periodic statement, and may apply in conjunction with the first two tiers of liability. If a periodic statement shows an unauthorized transfer made with a lost or stolen debit card, the consumer must notify the financial institution within 60 calendar days after the periodic statement was sent; otherwise, the consumer faces unlimited liability for all unauthorized transfers made after the 60-day period. The consumer's liability for unauthorized transfers before the statement is sent, and up to 60 days following, is determined based on the first two tiers of liability: up to $50 if the consumer notifies the financial institution within two business days of learning of the loss or theft of the card and up to $500 if the consumer notifies the institution after two business days of learning of the loss or theft."
That's very specific. When it comes to check fraud, I'm going to trust the guy who has spent his career working with the FBI on check fraud.
I see where you went wrong there. Have them disallow internet access to your accounts. Easy for you, easy for hacking.
If that checking account has money for your rent or credit card bills, it could be disastrous.
So I use a separate account at a separate institution for my "spending money". All I use it for is to withdraw money at ATMs.
If you want this from a developer perspective, the subject is discussed in great detail in the following blog post series.
How ACH works: A developer perspective - Part 1 => http://engineering.gusto.com/how-ach-works-a-developer-persp...
How ACH works: A developer perspective - Part 2 => http://engineering.gusto.com/how-ach-works-a-developer-persp...
How ACH works: A developer perspective - Part 3 =>
How ACH works: A developer perspective - Part 4 => http://engineering.gusto.com/how-ach-works-a-developer-persp...
HN Meta Discussion : https://news.ycombinator.com/item?id=7636066
For example, my rental company accepts online payments via credit/debit card, but if I do that they charge a $30 "convenience fee" for my $900 rent payment. I could set up automatic payments by giving them permission to draft from my checking account, but I refuse to do that since it removes the only leverage I have should a dispute occur. The only remaining options to pay without fees are cash or check, so every month I put a paper check in the mail.
10 years ago if you hired someone to do a job around the house you might have to pay with check. In the last 2-3 years I've had a couple contractors work on my house and they've all taken credit cards (as well as the others I got quotes from but didn't hire). So now I won't even consider a contractor who doesn't take credit cards.
These plans rarely pay out, and you'll likely spend more on subscription fees than they'd return to you in fraud payments.
FYI: banks are liable only for PERSONAL accounts. If you have a BUSINESS Account that gets hit by fraud, the bank is not liable. Thats where fraud insurance is most important
To protect against this scam, just don't keep your money in your checking account, simple! My checking account has a balance of zero 99% of the time. If I do a billpayment for $325.45 then I transfer $325.45 to the checking account a minute before I issue the billpay. If I write out a check for my taxes (the only checks I every write) then I transfer the money into the account while I am writing out the check. The only money goes in is when it's already planned to go out.
I keep $150 in a separate checking account that I access with ATMs if I need cash on the go.
When are we going to stop the stupid practice of using serial numbers and strings for identity and start using strong cryptography to establish identity, authorized signatures, etc?
Good luck proving a manufacturer key generation screwup on smart cards for example. Things like this happen.