At 05:49 PM 1/15/00 -0600, "Eliezer S. Yudkowsky" <sentience@pobox.com> wrote:
>
>As near as I can tell, this "upgrade" fellow is claiming to spend a lot
>of time tracking pyramid schemes.
I've never claimed to spend time on "tracking pyramid
schemes."
>He can tell when a really good
>pyramid scheme is starting, get in on the ground floor, and be one of
>the people who gets paid off before the collapse occurs.
Generally, as in the case of StockGeneration, I only get
involved once a good track record has been established.
With SG, I joined more than a year after it started. I
immediately started telling others about it.
>The
>possibility that people are making a living this way intrigues me.
>Clearly what the ecosystem needs is a hyper-hyper-hyperparasite who
>would scam *them*.
>
>(Of course, now that he's contacting others, the pyramid scheme must be
>approaching the collapse stage.)
Because of the "close-the-risk-window-as-soon-as-possible"
principle, it's difficult to scam me out of very much.
On several occasions, I've warned my contacts that a particular
program looked to be in danger of collapsing. In the case of
SG, I did so around April, 1999. It turned out that I was too
cautious and overly pessimistic at that time. Around September,
1999, I again felt that SG was doomed to collapse and informed
my contacts of this. Again, SG proved me wrong. At the moment
I see no imminent signs of collapse.
I probably would not have mentioned SG on this list, were it not
for Rick Potvin's post on 1/9/00 and the responses to that post.
Frederick Mann
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