Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
@thomasfuchs Grifters gonna grift
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
Jumbo Mortgages
Collateralized Debt Obligations
Real Estate Investment TrustsIt's all one big bag of pig in a poke.
Never buy a pig in a poke.
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
@thomasfuchs In Australia we call it a "bottom of the harbour scheme" after an infamous scam where people were sold land that was under the sea in Sydney Harbour.
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
Aka con
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@thomasfuchs It sounds exciting! How can I learn more? Is there some kind of seminar?
@PizzaDemon
Ask Thiel.
@thomasfuchs -
Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
Wasn't there also a "name a star" scam going on at some point?
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
@thomasfuchs Just read a whole book on the weirdo beliefs belying these types of things and I gotta say I think some of the billionaires saying them actually believe the dumb shit they're pretending will work.
But almost certainly a portion of it is "if you cannot dazzle them with your brilliance, baffle them with bullshit"
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
@thomasfuchs "Cheesy movie" works too
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
@thomasfuchs Wait did someone actually float the idea of a Dyson sphere? And they pretended to be serious?
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
@thomasfuchs If you believe in AI data centers or 180km long cities in the desert, I have a bridge to sell you.
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
Like "vaporware booths" at Consumer Electronic Shows only stickier
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P pmj@social.pmj.rocks shared this topic
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Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.
It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.
yeah, but in the 90s they were niche companies, the economy wouldn't care if they'd be gone
but today, oh boy, today, it's the top 3 companies on the planet involved 🤯
