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I can't help but think of the movie the Big Short. There's a large pool of social media marketers, influencers and other tangentially related businesses, all in
by technotarek 9y ago
I can't help but think of the movie the Big Short. There's a large pool of social media marketers, influencers and other tangentially related businesses, all in some way propped up by this fake activity. They're not unlike all the hands that got involved in the mortgage business and securitizing of sub-par, high risk loans. If only there was a way to "short" the Instagram industry.
p.s. To those debating what constitutes a "fake" account, don't forget that the term was only recently invented: https://www.avclub.com/merriam-webster-points-out-that-trump-didnt-invent-fak-1819298951 https://www.avclub.com/merriam-webster-points-out-that-trump...
- have_faith 9y agoSimilarly, I caught some non-technical friends recommending some other friends that they should buy into bitcoin / altcoins as an easy way to make money, reminded me of the same film.
- nrhk 9y agoWell they haven't been wrong yet, just doubled in the last month. Regardless these are all small bubbles that will only have localized effects when they collapse. Much more important bubbles to worry about like the derivatives market.
- irrational 9y agoLong ago when bitcoins first came out and it was simple to generate some on a personal old pentium desktop I considered doing so, but never bothered to since I assumed they wouldn't last. Doh!