Beware, Big Bother is Watching..........
It's not a mistake and yes I delibrately used 'bother'. Looks like someone who has the authority to do something bout the Hyip and Autosurf industry, is doing something about it. If you haven't heard/read the news, EMO looks like it's down and out. This follows the footsteps of IntGold and a somewhat struggling StormPay. Apparently to stop the 'industry', the big guys up there have decided to hit where it hurts most, the pay processors.
It's impossible to hit out at the autosurfs and the hyips, there are just too many of them and most of them are outside US jurisdiction. In short, it would be a fiascal and logistical nightmare.
This reminds me of the Battle of Hoth in the Empire Strikes Back. The Rebels needed to take out the AT-ATs but the Snowspeeders were effectively useless against the thick armour, instead they used the harpoons on the legs (or Payprocessors in this analogy) and effectively took out large numbers of snowtroopers. However this is like the Hoth situation, it is just a temporary set back for the industry. There are just too many gamblers like you and me out there to support the industry and too little resources the goverments have at their disposal to stop us. Not to mention, we all knew how the Battle of Hoth ended, the empire won and the rebels lost. Unless the www (wild wild west) can be regulated effectively, we can't be stopped.
The old players who have been bitten would probably stay away, while the new players would still enter the fray as long as there is a promise of easy money. New processors will rise from the ashes of those fallen, probably as offshore entities. Some people will make money, and most will lose (and probably be none the wiser from it either).
So happy hunting everyone. There are still diamonds in the rough, if you look long and hard enough. And when you do find them, drop me a note. ;o)
It's impossible to hit out at the autosurfs and the hyips, there are just too many of them and most of them are outside US jurisdiction. In short, it would be a fiascal and logistical nightmare.
This reminds me of the Battle of Hoth in the Empire Strikes Back. The Rebels needed to take out the AT-ATs but the Snowspeeders were effectively useless against the thick armour, instead they used the harpoons on the legs (or Payprocessors in this analogy) and effectively took out large numbers of snowtroopers. However this is like the Hoth situation, it is just a temporary set back for the industry. There are just too many gamblers like you and me out there to support the industry and too little resources the goverments have at their disposal to stop us. Not to mention, we all knew how the Battle of Hoth ended, the empire won and the rebels lost. Unless the www (wild wild west) can be regulated effectively, we can't be stopped.
The old players who have been bitten would probably stay away, while the new players would still enter the fray as long as there is a promise of easy money. New processors will rise from the ashes of those fallen, probably as offshore entities. Some people will make money, and most will lose (and probably be none the wiser from it either).
So happy hunting everyone. There are still diamonds in the rough, if you look long and hard enough. And when you do find them, drop me a note. ;o)
posted by spectre at 12:07:00 AM
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