4 ms·
This story reminds me a bit of the modern cryptocurrency stuff - I wonder how many of those involved are like Pieper and likely know it is bullshit but continue
by schnitzelstoat 5y ago
This story reminds me a bit of the modern cryptocurrency stuff - I wonder how many of those involved are like Pieper and likely know it is bullshit but continue with the charade nonetheless as a vehicle to enrich themselves at the expense of the less savvy.
- gpvos 5y agoThe difference with crypto is that Sloot's scheme is information-theoretically impossible. For crypto the math actually is correct; whether it is viable is a societal/human matter.
- anotheraccount9 5y agoDefine bullshit.
- InfiniteRand 5y agoWell, if you're a bit too bullish about your shit, your shit is probably bullshit
- jacquesm 5y agoOther investors back in the day passed on this and told him they believed it to be a scam, but that did not stop Pieper from taking the CEO role in the company that was to commercialize Jan Sloot's 'invention'. Pieper did a lot of stuff that was questionable (Ring!Rosa for instance), but the list is much longer. The biggest thing he messed up was probably killing Philips as a viable brand (but to be honest that giant was already on the way down for a while).