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NY Times Tech Reporter: Cryptocurrency ‘Scams are Everywhere Online’

June 18, 2018 by Ted Leave a Comment

Cryptocurrency ATM machines
Cryptocurrency ATMs [Photo: icopulse]
Just days after Strata-gee published its skeptical assessment of the new ICO (Initial Coin Offering) of Monster Money cryptocurrency contemplated in a recent S-1 filing by Monster Products, Inc. – a new article appears in today’s New York Times (originally posted online last Friday) by tech columnist Farhad Manjoo proclaiming this about cryptocurrency, “Scams are everywhere online. Never let your guard down.”

We did NOT say that Monster Money was a scam in our article. We DID say that cryptocurrencies are risky, risky investments to be approached with caution. The prevalence of several large scams in the supposedly safe world of blockchain and cryptocurrencies serve as a stark reminder of this need for extreme caution when investing in something new.

See more on this cryptocurrency cautionary tale in today’s Times… [Read more…] about NY Times Tech Reporter: Cryptocurrency ‘Scams are Everywhere Online’

Filed Under: Brands, Financial, Manufacturers, News, Tech Trends Tagged With: blockchain, cryptocurrency, Farhad Manjoo, Monster Money

Is Monster Money a Massive Mistake?

June 13, 2018 by Ted Leave a Comment

Monster Money logoEarlier this month, news broke – erupted really – that Noel Lee and Monster Products had filed a Form S-1 with the U.S. Securities and Exchange Commission to launch an ICO or initial coin offering. Their plan is to mint a new cryptocurrency called Monster Money, with an initial authorization of 500,000,000 Monster Money Tokens, of which, 300,000,000 will be offered to investors at a dollar each. This move, which seems out of the blue, caused a lot of speculation as to just what is going on at Monster – is this desperation…chutzpah…or something even darker?

Initially, Strata-gee was just going to let this story pass by. However, so many readers reached out asking for our perspective on the story that it was impossible to ignore it any longer. See our take below…

Is Monster Money a major opportunity…or a massive mistake?…

[Read more…] about Is Monster Money a Massive Mistake?

Filed Under: Brands, Financial, Management, News, Strategy Tagged With: blockchain, cryptocurrency, MMNY, Monster, Monster Money, Monster Products, Mpnster, Noel Lee

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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