this post was submitted on 28 Jul 2026
199 points (100.0% liked)

World News

57265 readers
2716 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Sasquatch@lemmy.ml -2 points 11 hours ago (2 children)

Isn't the lack of product the primary criteria for defining a ponzi scheme?

[–] 4am@lemmy.zip 10 points 10 hours ago (2 children)

Literally the entire point of the comment you replied to, like making exactly that point.

Like; it’s not saying it’s a Ponzi scheme, it’s saying that this does everything a Ponzi scheme does, but with an extremely overvalued product, instead of no product at all.

so we don’t have a name for this type of fraud specifically, and we’re not calling it a Ponzi scheme because that, as we established, means something else. But it works very similarly, in the logistical sense. So much so that we can succinctly describe it - not by enumerating all the things it is - but instead juxtaposing it against a Ponzi scheme and establishing that it’s the same except if you change this one thing.

Perhaps we should name it instead? Like a Fauxnzi scheme? Like pronounce it like Fonzie so it’ll catch on with boomers? I mean maybe Henry Winkler doesn’t deserve all that but it’s descriptive no?

[–] Flower@sh.itjust.works 2 points 8 hours ago

Pyrite rush, like a gold rush but with fool's gold.

[–] Witchfire@lemmy.world 1 points 9 hours ago

Just name it after all the key players

[–] Klear@piefed.world 3 points 10 hours ago

Yeah, that's the point.