soon the entire american economy is just going to be #MicroStrategy style pyramid schemes for FartCoin.
#PyramidScheme
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.
https://cryptobriefing.com/bitcoin-meeting-el-salvador/
#ElSalvador #uspol #broligarchy #nerdreich #MSTR #KilmarAbregoGarcia #AbregoGarcia #NetworkState #MichaelSaylor #NayibBukele #Bukele #CECOT #PyramidScheme
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
A #crypto company wants to buy the pointy building in San Francisco that is shaped like a pyramid: saying the quiet part out loud (pyramid scheme)
Laura Waxmann: S.F. crypto firm raised $850M last year. Now it’s eyeing office space in Transamerica Pyramid
#pyramidscheme #sanfrancisco #gift
https://www.sfchronicle.com/realestate/article/sf-real-estate-crypto-paradigm-pyramid-20166484.php?utm_content=hed&sid=57f2d62b1acbcdb5538b4a4e&ss=A&st_rid=98ebc417-046c-4639-bbc2-4643319705bc&utm_source=marketing&utm_medium=copy-url-link&utm_term=headlines&utm_campaign=article-share&hash=aHR0cHM6Ly93d3cuc2ZjaHJvbmljbGUuY29tL3JlYWxlc3RhdGUvYXJ0aWNsZS9zZi1yZWFsLWVzdGF0ZS1jcnlwdG8tcGFyYWRpZ20tcHlyYW1pZC0yMDE2NjQ4NC5waHA%3D&time=MTc0MTEwNzY1MDUyOA%3D%3D&rid=OThlYmM0MTctMDQ2Yy00NjM5LWJiYzItNDY0MzMxOTcwNWJj&sharecount=Ng%3D%3D
So the #PyramidScheme turns it's victims into accomplices.
What is the difference between a #PyramidScheme and a #PonziScheme?
An overview of why crypto"currencies" are unethical greed-incentivizing pyramid schemes: https://www.arscyni.cc/file/crypto_cult_science.html
A man in Turkey was sentenced to 45,376 years in prison for running a pyramid scheme disguised as an online farm game, swindling $280M from players before fleeing to Uruguay, where he was caught. #Fraud #PyramidScheme 🐔💰
Almost without fail, every service that touches creeptocurrencies goes into a decline.
Don't expect Proton to make virtuous ethical choices anytime soon, especially now that Trump joined the cult. Once the greed bug has bitten, making a profit supersedes delivering a good product as the primary objective.
https://www.arscyni.cc/file/crypto_cult_science.html
https://fosstodon.org/@stardust/112404108681755769
@Xavier @protonprivacy #CryptoCultScience #PyramidScheme #Ponzi #MLM #Proton
4 conspirators indicted for allegedly orchestrating a multimillion-dollar pyramid scheme that deceived hundreds of victims across the country, announced by DOJ #justice #JusticeDepartment #CrimeNews #PyramidScheme
https://newsmeapp.com/canadian-man-indicted-for-running-multimillion-dollar-pyramid-scheme-defrauding-victims-with-false-promises/
Crypto Cult Science
“Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin's shortcomings, a financial instrument that brings out the worst in people—greed—won't change the world for the better.” —https://www.arscyni.cc/file/crypto_cult_science.html
#CryptoCultScience #bitcoin #greed #PyramidScheme #CryptoCurrency
Piramisjáték. Már a kamatokat is hitelből fizetik. Volt idő, hogy állampapírom volt, de már jó ideje nincs, és egy ideig még nem is lesz.
https://hvg.hu/gazdasag/20241115_allampapir-befektetes-befekteto-Allamkincstar-megtakaritas#rss
#finance #Governmentbond #pyramidscheme
Good grief. Twitter’s no longer paying Creators based on advertising - that’s drying up as advertisers don’t want to be in these replies.
Instead, it’s pivoting to creators being paid by getting more paying people onboard among their followers.
This is… Mid level marketing.
I've fallen down the Youtube rabbit hole of following my first "influencer," Hannah Alonzo, who offers anti-pyramid scheme content. Anyone who exposes the cult craziness of Amway, etc., is okay in this Curmudgeon's book! #influencer #hannahalonzo #antimlm #pyramidscheme
is capitalism a pyramid scheme?
https://www.youtube.com/watch?v=0Oy9JmxSkWs&t=628
Let’s find out…
#Capitalism #PyramidScheme #CasteSystem #Exposed #GrowthImperative
IIRC #capitalism is a #pyramidScheme, so from that perspective this gross inequality is the norm
FTC warns consumers of scammers offering to remove all negative information from credit reports.
Read more in my article on the Bitdefender blog: https://www.bitdefender.com/blog/hotforsecurity/ftc-warns-consumers-of-scammers-offering-to-remove-all-negative-information-from-credit-reports/
Vanity Publishing - what are you thoughts, have a look at mine below!
#mlm #publishing #publisher #publish #reading #readers #pyramidscheme #writing #writers #writingcommunity #readersoftwitter #antimlm #vanitypublisher #vanitypublishing #book #books
Pyramid scheme / #MLM #Herbalife going down for the count. You know it's bad when they're laying off executives first.
Stephen Council: Controversial Calif. company Herbalife, worth $1.1 billion, lays off slew of workers
"Herbalife, a long-controversial dietary supplements company still worth more than $1 billion, is laying off 161 employees in its home city of Los Angeles and nearby Torrance.
The multi-level marketing company announced the cuts in a WARN filing with California on Monday, as is required in the event of mass layoffs. Herbalife’s cuts are spread across three locations and will happen throughout the rest of the year, per the WARN. "
#pyramidscheme
https://www.sfgate.com/la/article/herbalife-layoffs-execs-controversial-company-19499578.php
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