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Simon · 04-11-2007, 05:36 PM

I suppose I should probably add a couple of thoughts to start with! Or rather, a couple of problems.

Firstly, giving out too many details (home address for example) to the public is not realistically possible. I dont think that should be expected of anyone. Having said that, a business / office address would be a good place to start. No amount of verification can make something safe, even if it weeded out scam-artists, it doesn't help with matters such as incompetence and mis-management. Of course, those are all things that are prevelent no matter what business you are in.

Secondly, there is the problem of who is told what. If things were to be verified (which would be a requirement considering we are talking about an industry standard), who should be privy to that information? Who is trustworthy enough, reliable enough, dedicated enough etc...

Those are obstacles if you like, or constraints, but since we don't live in a perfect world, we can deal with that.

On to my own personal golden rule - can a program show (whether it be to the public or through more private / secure channels) that 100% of its returns have come as a result of revenue generated outside of income from members? (ie. using income from members to generate returns) And just as importantly, can they show consistency in their results, meaning how long have they been generating returns, and what kind of levels of return can thy show over a sustained period?

Take Infinityshares.com for example, it trades forex, still afloat, and strives to only pay out weekly returns based on profit made from trading. If they can continually show that those returns have always come from trading profits, then they would have passed my test. Btw, I'm only using IS as an example scenario, nothing more.

Some would probably say that's a high threshold to judge to, but if you haven't noticed, this industry is hardly "normal", and so should not be treated as such. Asking anything less would be a waste of time in my opinion.

04-11-2007, 05:36 PM	#2 (permalink)
Simon Crapper Join Date: Apr 2007 Location: UK Posts: 160 Fav Ecurrency: Paypal Thanks: 2 Thanked 16 Times in 14 Posts	Re: What is reasonable to you? I suppose I should probably add a couple of thoughts to start with! Or rather, a couple of problems. Firstly, giving out too many details (home address for example) to the public is not realistically possible. I dont think that should be expected of anyone. Having said that, a business / office address would be a good place to start. No amount of verification can make something safe, even if it weeded out scam-artists, it doesn't help with matters such as incompetence and mis-management. Of course, those are all things that are prevelent no matter what business you are in. Secondly, there is the problem of who is told what. If things were to be verified (which would be a requirement considering we are talking about an industry standard), who should be privy to that information? Who is trustworthy enough, reliable enough, dedicated enough etc... Those are obstacles if you like, or constraints, but since we don't live in a perfect world, we can deal with that. On to my own personal golden rule - can a program show (whether it be to the public or through more private / secure channels) that 100% of its returns have come as a result of revenue generated outside of income from members? (ie. using income from members to generate returns) And just as importantly, can they show consistency in their results, meaning how long have they been generating returns, and what kind of levels of return can thy show over a sustained period? Take Infinityshares.com for example, it trades forex, still afloat, and strives to only pay out weekly returns based on profit made from trading. If they can continually show that those returns have always come from trading profits, then they would have passed my test. Btw, I'm only using IS as an example scenario, nothing more. Some would probably say that's a high threshold to judge to, but if you haven't noticed, this industry is hardly "normal", and so should not be treated as such. Asking anything less would be a waste of time in my opinion. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Cut out the middle-men, keep 100% of your blog sales revenue with OIOpublisher - NEW Last edited by Simon : 04-11-2007 at 05:46 PM.