4 ms·
"Ponzi" requires records fraud and is popularly misused, sort of like if people started describing every software bug as "a stack overflow." I'd rather charact
by Terr_ 10mo ago
"Ponzi" requires records fraud and is popularly misused, sort of like if people started describing every software bug as "a stack overflow."
I'd rather characterize it as extremes of Greater Fool Theory.
https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory
- tombert 10mo agoI would argue it’s fraud-adjacent. These tech CEOs know that they’re not going to be able to keep the promises that they’re making. It’s dishonest at the very least, if it doesn’t legally constitute “fraud”.