Tags: scams

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Monday, June 28th, 2021

ReCoil

On the Coil developers site there’s a page proudly answering the question who is web monetized?

You’ll some familiar sites in there: CSS Tricks, A List Apart, and even this humble website, adactio.com.

But lest you think that this social proof is in any way an endorsement, I should probably clarify what my experience with Coil has been like.

Coil itself is grand. You get an identifier and you add it to your website in a meta element, much like you would do with indie web endpoints for webmentions or micropub.

The problem is with how you then actually get hold of any money that is owed to you from micropayments. Coil doesn’t handle this directly. You have to set up a “wallet” with a third-party service and therein lies the problem.

They are all terrible.

I’m not talking about the hoops you have to jump through to set up an account. I get it. This is scary financial stuff so of course I’ll need to scan my passport and hand over loads of information (more than is needed to open an actual bank account with, say, Monzo).

No, the problem is the stench of crypto.

I tried Stronghold for a while. They really, really don’t want you to use boring old-fashioned currencies like the euro or the pound. There’s also Gatehub. Same. And there’s Uphold. Also a shell game.

I’ve been using Coil and Uphold for a while now, and I’ve amassed a grand total of £6.06 — woo-hoo! So I log into my account and attempt to transfer that sweet, sweet monetisation and …I can’t.

The amount needs to be greater than or equal to £11.53 GBP

But I can still exchange that £6.06 for magic beans like Bitcoin, XRP, and Ether.

The whole thing smells of grift and it feels icky to be in any way associated with it. I understand why Coil needs to partner with existing payment providers, but it would be nice if just one of them weren’t propping up ponzi schemes. If anyone has found a way to get web monetisation to work without needing like you need to take a shower afterwards, I’d love to hear about it.

Tuesday, April 27th, 2021

Cryptocurrency is an abject disaster

Cosigned.

Cryptocurrency is one of the worst inventions of the 21st century. I am ashamed to share an industry with this exploitative grift. It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere. Fuck cryptocurrency.

Wednesday, January 16th, 2019

Security Checklist

Exactly what it sounds like: a checklist of measures you can take to protect yourself.

Most of these require a certain level of tech-savviness, which is a real shame. On the other hand, some of them are entirely about awareness.

Saturday, March 10th, 2018

Bitcoin Is Ridiculous. Blockchain Is Dangerous: Paul Ford - Bloomberg

An astoundingly great piece of writing from Paul Ford, comparing the dot-com bubble and the current blockchain bubble. This resonates so hard:

I knew I was supposed to have an opinion on how the web and the capital markets interacted, but I just wanted to write stuff and put it online. Or to talk about web standards—those documents, crafted by committees at the World Wide Web consortium, that defined the contract between a web browser and a web server, outlining how HTML would work. These standards didn’t define just software, but also culture; this was the raw material of human interaction.

And, damn, if this isn’t the best description the post-bubble web:

Heat and light returned. And bit by bit, the software industry insinuated itself into every aspect of global enterprise. Mobile happened, social networks exploded, jobs returned, and coding schools popped up to convert humans into programmers and feed them to the champing maw of commerce. The abstractions I loved became industries.

Oof! That isn’t even the final gut punch. This is:

Here’s what I finally figured out, 25 years in: What Silicon Valley loves most isn’t the products, or the platforms underneath them, but markets.

Monday, January 22nd, 2018

We need more phishing sites on HTTPS!

All the books, Montag.

If we want a 100% encrypted web then we need to encrypt all sites, despite whether or not you agree with what they do/say/sell/etc… 100% is 100% and it includes the ‘bad guys’ too.