* Posts by oereye

1 post • joined 5 Feb 2010

Carbon trade phish scam disrupts exchanges

oereye

rogue states or scam-ridden system?

This looks more Laurel-and-Hardy style cock-up than international "rogue state" conspiracy - UK Press Association is reporting it was just a click through to a spoof site, while the graphic that McAfee use from the Europol report refers to a slightly different kind of fraud. Beyond that, the more fundamental problem is that carbon trading renders a whole set of incommensurable practices equivalent in order to make a single tradeable commodity, to the point that it is highly unclear what is being traded (see www.carbontradewatch.org/carbon-trade-fails). That's why the resulting system is a scammers' paradise.

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