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Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

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Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#13
I wonder if bad publicity is still publicity here. The hardest step here is to make people know about the "club". Then a charismatic salesman can persuade whatever. I've seen people being persuaded milk is black, bombs are food etc.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#17
post #13

I wonder if bad publicity is still publicity here. The hardest step here is to make people know about the "club". Then a charismatic salesman can persuade whatever. I've seen people being persuaded milk is black, bombs are food etc.

This is probably similar the debate around giving SBF a 'platform', which ultimately did almost nothing to help him, quite the opposite.

In this particular case I doubt it provided much negative press for the scheme (AFAIK, it remained very niche) and the runners probably tried to memoryhole it as soon as possible. The only real gain was probably the run-up to the event where Snowden's name could be attached to it.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#19
post #14

I find this somewhat hypocritical given his support of crypto.

crypto isn't a ponzi scheme inherently and allows for in his case dissidents cut off from financial networks to actually function.

Yes, it has other potential uses than Ponzi scheme. However, when it’s advertised as a probable positive ROI it comes from being a ponzi. If that’s not accurate enough, one could then say that it’s remarkably ponzi-esque.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#20
post #19

Earlier quoted context omitted.

crypto isn't a ponzi scheme inherently and allows for in his case dissidents cut off from financial networks to actually function.

Yes, it has other potential uses than Ponzi scheme. However, when it’s advertised as a probable positive ROI it comes from being a ponzi. If that’s not accurate enough, one could then say that it’s remarkably ponzi-esque.

Unless Snowden has advocated for crypto as an investment I don't see how he is being hypocritical. Has he?
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