{"id":7240,"date":"2014-11-05T12:43:02","date_gmt":"2014-11-05T20:43:02","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=7240"},"modified":"2014-11-05T12:43:02","modified_gmt":"2014-11-05T20:43:02","slug":"social-networks-as-disinfectant-the-fragility-of-fraudulent-schemes","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2014\/11\/social-networks-as-disinfectant-the-fragility-of-fraudulent-schemes\/","title":{"rendered":"SOCIAL NETWORKS AS DISINFECTANT: THE FRAGILITY OF FRAUDULENT SCHEMES"},"content":{"rendered":"<blockquote><p>SOCIAL NETWORKS AS DISINFECTANT: THE FRAGILITY OF FRAUDULENT SCHEMES<br \/>\nA Ponzi scheme increases in fragility over time; it requires more and more new funds to keep it going, so it collapses when one eventually runs out of suckers.*<br \/>\nNow it looks like it is a universal property of fraudulent schemes: you need more and more PR, lobbyists, shills, and repetitions of the narratives to keep the story going, particularly in the age of the internet. This is what I am observing with my current fraud-busting projects, with the Saudi-Wahabi government funded intolerant version of the religion, GMOs maquerade of &#8220;science&#8221; and &#8220;evidence&#8221;, the economics\/macrobullshit establishment, the &#8220;education&#8221; bubble student loans helping real-estate developers, etc. You can see it particularly with GMOs as all the lobbying efforts can evaporate in the face of a single probabilistic argument; tens of thousands of comments do not measure up to a single derivation.<br \/>\n&#8212;<br \/>\n*A Ponzi scheme is one by which one finds new investors to pay off old investors: think Madoff or many heavily endebted governments.<\/p><\/blockquote>\n<p>via <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=10152585947568375&amp;id=13012333374\">SOCIAL NETWORKS AS DISINFECTANT: THE FRAGILITY&#8230; &#8211; Nassim Nicholas Taleb<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SOCIAL NETWORKS AS DISINFECTANT: THE FRAGILITY OF FRAUDULENT SCHEMES A Ponzi scheme increases in fragility over time; it requires more and more new funds to keep it going, so it collapses when one eventually runs out of suckers.* Now it looks like it is a universal property of fraudulent schemes: you need more and more [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[838,837,839],"class_list":["post-7240","post","type-post","status-publish","format-standard","hentry","category-contributors","tag-ponzi","tag-social-networks","tag-suckers"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/7240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=7240"}],"version-history":[{"count":1,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/7240\/revisions"}],"predecessor-version":[{"id":7241,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/7240\/revisions\/7241"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=7240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=7240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=7240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}