Notes on various schemes in the vicinity of multi level marketing. Although I would like to be broader than that.
I am not interested in selling perfume in a pyramid scheme but I would be lying if I said I my life was completely divorced from such things. After all, academia has some of the characteristics of such a scheme (Afonso 2014).
- Case study: Contrepreneurs: The Mikkelsen Twins is an essay into a certain phase of the ML
- The Dream (feed) is a podcast about various flavours of MLM
- Connection to cryptocurrencies is clear and much beloved talking point of pundits, e.g. The Absurdity is the Point - by Charlie Warzel.
Nondeterministic pyramid schemes
What about undecidable MLMs, where if the scheme succeeds then everyone wins but if it fails only the early adopters do? In that case what even is it? Or more general examples of games that are potentially positive-sum? Maybe doubling down on technology to solve global crises is an instance of such a scheme. Maybe cryptocurrency is an instance of such a scheme.
Over in the anthropic principles section, I wondered about that in the context of the Hobart essay, Sin, Secret, Series A. Every startup needs to know something wherein it is argued that many startups are non-deterministically Ponzi schemes, where if their founding myth can be fulfilled and they attain market dominance then they go great, otherwise…
Question: what does evidential decision theory say about such things?
Anthropic principles in
Where in the hype cycle do you encounter a product? Which is the most likely level that you will join a Ponzi scheme? See anthropic principles.
Credit networks as
See financial stability.
Looks a little like the minority game? Asymmetric information games? I imagine someone has done this.