The Truth About Your Future by Ric Edelman

Author:Ric Edelman
Language: eng
Format: epub
Publisher: Simon & Schuster

* * *

52Kidnap and ransom. Yeah, there is such a thing.

53Even the payments have gone high tech. Ten years ago, ransom had to be paid with prepaid debit cards sold by Walmart and CVS. Now, the extortionists demand payment in bitcoins.

54I agree, that is ridiculous.

55Malignant software that piggybacks on benign programs you download.

56That might be a poor word choice.

57Yeah, despite the fact that he’s a convicted murderer. But let’s try to stay with the point I’m making here, okay?

58Registration does not ensure that an exchange is trustworthy or consumer-friendly; some exchanges charge transaction fees of as high as 7% plus exchange fees.

59Because Laszlo’s purchase was the first real-world transaction involving bitcoins, enthusiasts revere May 22 as “Bitcoin Pizza Day.” It’s the currency’s version of the Fourth of July. Kinda chokes me up.

60I wonder how many of today’s bitcoin users are actually doing this—or even know about it.

61Yeah, as if you read ToS documents. Proving that you almost certainly don’t, look what happened to thousands of people who downloaded purchases on April 1, 2010, from Gamestation, a British computer game retailer. The company revealed that its ToS agreement contained a clause giving the company legal rights to their souls. “By placing an order via this Web site on the first day of the fourth month of the year 2010 Anno Domini, you agree to grant Us a non transferable option to claim, for now and for ever more, your immortal soul. Should We wish to exercise this option, you agree to surrender your immortal soul, and any claim you may have on it, within 5 (five) working days of receiving written notification from gamesation.co.uk or one of its duly authorised minions.” It was an April Fool’s Day joke, but it proved that few people read ToS agreements. (Customers had the opportunity to nullify the clause—and get a £5 voucher for doing so—but only 12% did, suggesting that the other 88% didn’t read the ToS. And even if you do read every ToS, what are you going to do if you disagree? It’s not as though Apple will be willing to modify your ToS when you buy an iPhone.

62The ultimate ToS!

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.