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> -----Original Message-----
> From: ric ingram [mailto:ringram@xxxxxxxxxxxxx]
> Sent: Thursday, January 31, 2002 9:04 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Spam and Trading - Reactions and Responses
>
>
> Hi,
>
> Recently there have been some complaints about spam.
>
> We will look at what all the fuss is about and how this strongly
> relates to trading behaviours and success in trading.
>
> What is the problem with spam?
MANY:
1. Spam clutters up your mail box. When you go away on vacation, spam will
flood your E-mail box preventing legitimate messages from getting through.
Because of this, when away, I access my mail over the Web and delete the
useless junk in my E-mail box. There is a cost for using a computer at a
cyber cafe.
2. Downloading spam, reading it, deleting it, and setting up filters to
delete it, all use up both my productive and quality time. And wasting my
productive time costs me money.
3. Many of the spams are illegal: chain letters, get rich schemes, pyramid
schemes, porn, illegal gambling, selling prescription drugs without a
prescription, and stock promotions that avoid government and exchange rules
that protect you.
4. Youngsters, the elderly, and others who are not street-wise are
vulnerable to the scams in spam.
5. Many spammers use servers in Korea, New Zealand, China, and the ex-Soviet
Union countries to hide their real identities and prevent you from tracking
them down.
6. Most Internet Service Providers do not allow their customers to send out
spam. In fact, many providers block all incoming E-mail from sites that
allow its customers to send out spam. It's called the IDP (Internet Death
Penalty).
> Now I do not get angry or even upset with junk snail mail.
I do. And when I report the spam to the Spammer's provider, the spammer
usually loses his/her account.
> I accept that junk mail is normal, and occasionally useful, and I
> can suppress most of it if I want to or turn most off individually.
Spammers are extremely resourceful. They use foreign servers with open
relays and they know how to bypass your filters.
> Some I throw away based on the source identified on the envelope such as:
>
> - unknown (to me) credit card companies,
> - certain magazine offers.
Distinguishing spam from legitimate E-mail is becoming very difficult as
more and more companies send you their bills and statements for your
purchases such as Internet fees, news services, and stock data.
> So I occasionally discard without opening,
And that might be dangerous, because some may be a legitimate bill that you
did not correctly identify.
> some I read and enjoy,
> a few I find interesting and even rarely I might become a
> customer but mostly I discard after a quick browse at the contents.
>
> This is not a problem for me.
It's a problem for me because it costs me time and money to deal with it. I
never enjoy reading someone else's promotion or scam. If senders want to
pay me to read their mail, I might take a different view towards spam. In
fact, some people who track down the sender, send him/her a bill for reading
the message.
> How is spam any different?
Because it allows promoters to do things that are not allowed by law if they
sold or promoted their products and services using radio, TV, newspapers,
magazines or the mail.
> The answer is it is a new medium, and the cultures response to
> spam has not matured, or the cultures response is not commonly
> understood, or a bit of both perhaps.
The "cultures" response has more than matured. And, many are fed up.
Because we live in a democracy, laws to protect us take time for governments
to debate and put into effect. Unfortunately, our governments can't keep up
with the technology.
> Spam is just spam - it is not evil nor is it the very essence of
> God - it is just spam and the internet equivalent of junk snail mail.
Really, I have received spam that is hate mail and, if the sender was in my
country, the authorities would have laid charges against the sender. But
the sender used a server located in another country.
> So what is the real problem - if any - and what is the relevance
> for trading?
Spam includes illegal stock promotions.
If Ric or anyone else wants to learn more about spam and how you can deal
with it, I'll offer the following suggestions:
1. Visit http://spamcop.net/anonsignup.shtml and http://www.spamhippo.com/
where you can learn how you can make a difference by reporting Spam, and
2. Visit the following USENET Newsgroup:
***news.admin.net-abuse.usenet***
where you will learn where most of the day's spam is coming from.
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