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.