Is it an #Economy if its #ContinuedExistence is based on #InfiniteGrowth, or is it a #PyramidScheme?
Is it an #Economy if its #ContinuedExistence is based on #InfiniteGrowth, or is it a #PyramidScheme?
“Thoughts and prayers” doing placeholder work for “nothing I can do”, as climate disasters creep up on frequency of shooting disasters. Soon it will be “nothing I can do” from oligarchs and apologists as shooting disasters happen BECAUSE OF (and during) climate disasters.
“Thoughts and prayers” = “Fill that offering basket” = “like, subscribe” = segue the wealth to those who will build walls to keep you out. Might as well just buy Trump crypto.
#Malware affiliate #pyramidscheme is shuttered by #US feds: here's how to keep safe
soon the entire american economy is just going to be #MicroStrategy style pyramid schemes for FartCoin.
2/ In other "crypto scammers visiting El Salvador to immanentize bitcoin fascism" news, #MicroStrategy CEO Michael Saylor, the man who owns more bitcoin than anyone (much of it bought with borrowed money in what will probably turn out to be history's largest pyramid scheme) flew to San Salvador to visit Bukele on February 13th.
One week ago #MicroStrategy (#MSTR, the world's largest pot of bitcoins masquerading as a publicly traded company) announced they were raising $21 billion (1/3rd of the entire company) via a new "perpetual strike preferred stock" called #STRK to raise cash to pump the price of bitcoin.
Today now suddenly they are announcing they will raise money via yet *another* financial instrument "strife" (#STRF) to pump the price of bitcoin.
absolutely wild. bitcoin cannot be "digital gold" if its price depends on the solvency of a single company (which it now does)
* STRK announcement: https://www.strategy.com/press/strategy-announces-21-billion-strk-at-the-market-program_03-10-2025
* STRF announcement: https://www.strategy.com/press/strategy-announces-proposed-strf-preferred-stock-offering_03-18-2025
So the #PyramidScheme turns it's victims into accomplices.
What is the difference between a #PyramidScheme and a #PonziScheme?