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

Alphane_Moon@lemmy.world ⁨2⁩ ⁨days⁩ 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 ⁨2⁩ ⁨days⁩ 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 ⁨2⁩ ⁨days⁩ 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 ⁨2⁩ ⁨days⁩ 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 ⁨2⁩ ⁨days⁩ 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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