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

tal@lemmy.today ⁨3⁩ ⁨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 ⁨3⁩ ⁨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 ⁨3⁩ ⁨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 ⁨3⁩ ⁨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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