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A comment on /story/46605587. Parent comment

Re: by Terr_ on Tuesday January 13, 2026 @09:59PM (#46611746)
"Ponzi" requires records fraud and is popularly misused, sort of like if people started describing every software bug as "a stack overflow."

I'd rather characterize it as extremes of Greater Fool Theory.

https://en.wikipedia.org/wiki/Greater_fool_theory

[ Parent | on HN ]
Re: by tombert on Wednesday January 14, 2026 @12:06AM (#46612543)
I would argue it’s fraud-adjacent. These tech CEOs know that they’re not going to be able to keep the promises that they’re making. It’s dishonest at the very least, if it doesn’t legally constitute “fraud”.
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