this post was submitted on 25 Oct 2025
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a16z-Backed Startup Sells Thousands of ‘Synthetic Influencers’ to Manipulate Social Media as a Service (www.404media.co)
submitted 4 days ago by Zak@lemmy.world to c/technology@lemmy.world
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[–] Alphane_Moon@lemmy.world 23 points 4 days ago* (last edited 4 days ago) (1 children)

Their crypto pyramids schemes and pump and dumps were also technically legal in the US (I am assuming). And yet it is impossible for a pyramid scheme to work, can any US lawyer or judge show how a pyramid is viable? Of course not, because they are scams.

You have "technically legal" schemes in other countries too. If there is a desire to address criminality a way can be found.

If you want to achieve something, coming up with excuses around why it is not possible rarely bring results.

[–] tal@lemmy.today 7 points 4 days ago (2 children)

pyramids schemes

Pyramid schemes are not legal in the US.

There are some systems that have some aspects in common with pyramid schemes that are legal (Social Security sometimes gets called a "pyramid scheme" by people that don't like it, for example, and MLM schemes are legal, though they can, in practice, partially work something like pyramid schemes).

[–] einkorn@feddit.org 1 points 4 days ago

Social Security [...] gets called a "pyramid scheme"

I assume people arguing this also don't have any other form of insurances?

[–] Alphane_Moon@lemmy.world 0 points 4 days ago* (last edited 4 days ago) (1 children)

I am not a lawyer, so I can't make any claims about US law.

If, as you claim, pyramid schemes / ponzi / pump and dumps are not legal in the US. , how is it that A16Z leadership wasn't arrested for investing in Axie Infinity?

A business model like Axie Infinity is mathematically impossible. The same cannot be said of government safety net systems.

[–] tal@lemmy.today 1 points 4 days ago

Axie Infinity

I'm not familiar with Axie Infinity, so I can't tell you off-the-cuff.