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Attention Suckers: Please Send Us Your Money

Posted on March 26th, 2014 at 18:39 by John Sinteur in category: News


Talking people out of $2.4 million dollars in exchange for zero percent equity is a perfectly legal scam. Then selling the company for $2 billion dollars is simply how this particular crowdfunding works.

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  1. Interesting. Kickfunders get bragging rights as well as a T-shirt and a warm fuzzy feeling. They clearly can afford the flutter. Imo, it’s like gambling or giving money to the church. Promises of bliss and untold future treasures. A tax on imbeciles that I’m happy not to pay.

    Gambling and church donations usually give some kickback to charities, some good may come of them. Would the Oculus Rift have got off the ground otherwise?

  2. And all of that for the promise of something that anyone who has ever really tried knows it makes most very nauseous.

  3. Maybe the title should be ‘OMG, someone else than venture capitalist got rich!’.
    I have absolutely no problem with kickstarter and crowdfunding. For 99,9% of the actions that are crowdfunded – they would not take off, and for 0,1% that has some commercial value behind it… what’s the problem?

    It’s as much ‘scam’, as donating for charity. If I give to charity should I be up in arms that this money will be used to buy food for someone, because some company – food producer, store, etc. will benefit from it?

    Before venture capital to make and sell product from idea to prototype you would need investment – that would mean your savings or loans going into product without any outlook on return.
    Then came venture capital – but you would have to find like minded person with money to invest in your idea. Crowdfunding is great next step from that. You can easily reach like minded potential customers 😉

    So who benefits? Inventors and customers.
    Who loses? Investors and banks.

Trickle-up economics

Posted on March 26th, 2014 at 4:16 by Sueyourdeveloper in category: News

Quote via Economist’s View

The top 1 percent of Americans raked in 95 cents out of every dollar of increased income from 2009, when the Great Recession officially ended, through 2012. Almost a third of the entire national increase went to just 16,000 households, the top 1 percent of the top 1 percent, Piketty and Saez’s analysis of IRS data shows.

By contrast, in 1934, the year after the Great Depression officially ended, the 1 percent of the 1 percent saw their incomes slip by 3.4 percent

It is different this time! The article is a review of an economics book.

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Reaction to no makeup selfies reveals how most of us really feel about cosmetics

Posted on March 26th, 2014 at 0:36 by John Sinteur in category: News


A wealth of research has shown us that we are all pretty awful at understanding the preferences of the opposite sex. These misunderstandings are at the root of body image and self-esteem issues, causing people to engage in behaviours that are at best unnecessary, and at worst damaging to their health.

The recent wave of “no makeup selfies” that have raised more than £2m for Cancer Research was based on a simple premise – women removed their makeup, photographed themselves and shared the image. After donating, they nominated their friends, who did the same.

The idea behind it was that removing their makeup, the women exposed their vulnerable, “real” selves, emulating the way cancer can devastate a person’s life. Despite being incredibly successful, the trend had an interesting result. Even on my own Facebook account, I saw hundreds of compliments to those going bare-faced, with men and women alike commenting on how much more attractive everyone looked. And if so, are we wrong about the perceptions created by makeup?

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  1. Myself, I prefer women with little or no makeup. It brings out their natural beauty. Tired, not getting enough sleep? Those circles and bags under the eyes evoke (in me at least) a strong feeling of sympathy, not a bit of “Oh God, you look horrible!”. More of “Dear, you’ve been working too hard! Let me fix you dinner and give you a back rub…” 🙂 That worked well for me, and in less two weeks we will celebrate our 40th anniversary! She says it was my back rubs that did the trick, though it seems I am still fixing dinner! Gotta go and check on the stir-fry.

  2. This is a serious threat to society! The economy would collapse if women went hairy, unpainted, uncoiffed, and dressed in stuff that was comfortable and didn’t itch. (What we have is an idiotic arms-race of fitness signals competing with other women imo.)

    Everyone would be happier (except the masses of unemployed estheticians, hairdressers, cosmetic surgeons, fashion and shoe makers and sellers, those peculiar white-coated women in department store cosmetics departments, podiatrists, psychiatrists, etc. etc.)

    @Spaceman: that old school kind of feminist, a gentleman, right? Domestic god? Fabulous lover? Scientist? Great cook? Back rubs? Silverback male signals of breeding quality?