Comment on a16z-Backed Startup Sells Thousands of ‘Synthetic Influencers’ to Manipulate Social Media as a Service

• Alphane_Moon@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Their crypto pyramids schemes and pump and dumps were also technically legal. And yet it is impossible for a pyramid scheme to work.

  You have “technically legal” schemes in other countries too. If there is a desire to address criminality a way can be found.

  If you want to achieve something, coming up with excuses around why it is not possible rarely bring results.

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  • tal@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

    pyramids schemes

    Pyramid schemes are not legal in the US.

    There are some systems that have some aspects in common with pyramid schemes that are legal (Social Security sometimes gets called a “pyramid scheme” by people that don’t like it, for example, and MLM schemes are legal, though they can, in practice, partially work something like pyramid schemes).

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    • Alphane_Moon@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      I am not a lawyer, so I can’t make any claims about US law.

      If, as you claim, pyramid schemes / ponzi / pump and dumps are not legal in the US. , how is it that A16Z leadership wasn’t arrested for investing in Axie Infinity?

      A business model like Axie Infinity is mathematically impossible.

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      • tal@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

        Axie Infinity

        I’m not familiar with Axie Infinity, so I can’t tell you off-the-cuff.

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    • einkorn@feddit.org ⁨3⁩ ⁨weeks⁩ ago

      Social Security […] gets called a “pyramid scheme”

      I assume people arguing this also don’t have any other form of insurances?

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• the_q@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

  Ah yes the old legal vs right argument.

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• M1ch431@slrpnk.net ⁨3⁩ ⁨weeks⁩ ago

  It would be wise to make openly manipulating social media with AI illegal, immediately.

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