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i hadn't heard of uulala until tonight. yet another crypto company claiming to want to "bank the unbanked". the SEC shut them down last year for running an unregistered ICO and lying about their tech.

· · Mastodon Twitter Crossposter · 2 · 2 · 9

"Uulala incorporates our proprietary dynamic fragmentation methodology of cryptographically splitting data into unique segments, utilizing the Reed Solomon erasure code and checksum algorithm, subsequently AES-256 encrypting the segments..."

"...and finally decentralizing their distribution via SSL connection across multiple cloud storage providers."

that sentence is honestly a work of art

the company and two founders paid the SEC fines totaling $543,000

the ICO raised $9 million

@molly0xfff The phrase “Blockchain-based credit score” shows they don’t know what a credit score is.

@molly0xfff well, it says SSL right there! *sobs* I weep for our future.

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