Tuesday, May 31, 2016

Crowdfunding is a scam, Indiegogo specifically...

Not security specifically, but after the Zano on Kickstarter Onogofly on Indiegogo drone debacle,  and others, I realize that crowdfunding is just a wholesale way to sucker people out of their money- as evidence I present:

https://www.indiegogo.com/projects/meet-the-pilot-smart-earpiece-language-translator--2#/

I kid you not.  A bable fish.  People want to believe.  As of today May 31st, there are 7771 backers paying $1,765,420 USD  that believe that this is possible.  I hope they understand that creating this using present technology is completely impossible without human interpreters. I hope the backers know that the creators are talented , optimistic dreamers who really want this to work, and that the creators aren't vicious scammers who are buying houses and sports cars with their ponzi-like proceeds.

I completely agree with them that this would be really cool. 

I just hope they won't be disappointed or think there's some sort of nanny-state that's going to protect them.

How are we supposed to protect all the people like this from computer scammers?!
 
At least Paypal is doing something about it - and changed their terms and conditions to exclude "crowdfunding platforms" from their "Purchase Protection" program. 

At best, crowdfunded platforms are Gamblin, at worst, another way to part the well-intentioned from their hard-earned money.



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