Tuesday 19th December 2017
We are somewhat astounded to welcome over 800 new subscribers to our free newsletter since the last one. Either people like our sense of humour, or they actually expect to get WebbCoins, which would say something about what people will believe in the current cryptomania. So yes, we were joking, and no, you will not be getting Webbles, Wibbles or even a few Wobbles for Christmas (unless you drink too much), and we won't be selling cannabis to finance the WebbChain server. The gift was the joke itself, and if there was a serious undertone then it is the fact that so many people think Bitcoin and its imitators are a store of value rather than the worthless result of a calculation.
Anyway, for subscribers new and old, here is something more useful:
Webb-site upgrades CCASS Analysis, spotlights share pledges
New features in the Webb-site CCASS Analysis System (WCAS) allow investors and regulators to see the largest daily CCASS movements across the market and the history of large moves in each stock and by each broker. Movements of large blocks into CCASS or between brokers without a corresponding transaction often indicate a pledging of shares for loans, which are not disclosed due to inadequate law and Listing Rules. (19-Dec-2017)
RECENTLY ON WEBB-SITE
Webb-site launches WebbCoin
It's Christmas, time to think outside the box with this gift for all our readers. (17-Dec-2017)
Bitcoin: the World's first decentralised Ponzi scheme
So long as we have governments with the power to tax and spend in their own currencies, digital pseudo-currencies will never gain traction. Bitcoin and its imitators are a zero-sum game in which the sum of all fiat currency paid for it is the sum of all fiat currency received for it, excluding mining costs. The earlier participants are now cashing out the billions that newcomers are putting into this distributed Ponzi scheme. Play it for entertainment value if you want, but remember that you are purely betting on the greater stupidity of others. (14-Dec-2017)
IN OTHER NEWS
'Enigma Network' directors, shareholders sued in HK court
StanChart HK$2.6m for short selling & FRR breaches
And much more besides...
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David M. Webb