Ponzi schemes

Lee Daniel Crocker (lee@piclab.com)
Wed, 19 Aug 1998 11:06:05 -0700

[Sean Parker]
> On a similar note, I've been living off those "Send a dollar to the first
> 5 people on the list, put your name on the bottom, and pretty soon you'll
> be making millions by the powers of geometry" games for years...

The existence of one successful thief does not imply that a nation of thieves would produce a useful economy. The scheme only works as far as it can continue to find enough victims who /earn/ money.

Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com>
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