Exactly - it's a scam and if it gets enough traction hopefully it will be explicitly illegal soon (v.s. just arguably illegal via general anti fraud statutes).

Exactly - it's a scam and if it gets enough traction hopefully it will be explicitly illegal soon (v.s. just arguably illegal via general anti fraud statutes). See the <a href="https://news.ycombinator.com/item?id=6455718">comment</a> https://news.ycombinator.com/item?id=6455718">comment</a> from "Semaphor" below; this type of scam is already explicitly illegal in Germany.