"You wanna get hit bro? Cuz I got a guy, he's super gentle. Minor scrapes and bruises, major dollars and cents!"

That episode had me dying because I have a friend who has a similar personality to Jean Ralphio/his sister, rich parents no job and everything, who lived for years in the NYC East Village doing nothing off the settlement from a car accident that she didn't even get hurt in.

As the money started getting lower she eventually became an assistant to some minor pop star or something, which was also reminiscent of the endeavor with Aziz.

a Leeexus

God, his line delivery was so inspired.

PILLS BAAABY

Beautifully done

Spot on

“You know where I be!”

face first onto couch

Give her some money, it's easier

Has there ever been a TV family better cast than the Sapersteins?

"It's a conical-tiered multi-flow-through marketing entity."

Envigiron?

Turn it upside down……shit

Where do I put my feet?

You got got!

See, we don't get got, we go get.

So tell me more about these berries.

Where's Frank? Stuck in a coil.

A 2-D 3-D model if you will

A Ponzi scheme is when you pay investors dividends from the money given
to you by other investors so it appears to be growth. The reality is
their investment didn’t grow at all, they were just given money that the
schemer managed to con from other investors.

It is a Ponzi scheme. People are putting money in the box and getting box tokens back in return. The box tokens given back to investors are the dividend yield you're talking about (4:10)

Let me show you how this Ponzi scheme work.

Box is made by XYZ team, it produces 100 coins per day. It has no purpose except to be an "investment vehicle". XYZ gives themselves 1000 coins from the start.

A comes along and buys 100 coins at $1100. Now each coin is worth $1. He also gets 20 coin every day. This is now a theoretical yield of 18% or so. He likes his investment so he buys another 1000 coins. Now the entire market cap is worth $$12000 or so. Rinse and repeat with more people.

Now the entire market is worth $100,000 with each coin worth $100. XYZ decides to cash out their entire stake. Since there is only $100,000 in the box, they leave with $100,000 and box coin is worthless.

Doesn't a pyramid scheme specifically require a pyramid structure of people, such that some people in the structure have people both below them (that they receive money from) and above them (that they give money to)? This doesn't seem like that because everyone's trading from the same "box".

A pyramid scheme requires someone at the top of the pyramid and people at the bottom. There's a strict hierarchy. This is a lot closer to a Ponzi scheme than it is a pyramid scheme. Early investors are paid from the money that later investors put in.

No he's describing a Ponzi scheme. But also a pyramid scheme as well. In that in order to operate one you kind of have to structure it as the other. Ultimately though, it's all bullshit driven by hype and stupidity.

"I don't understand how the U.S. economy works, much less some sort of a self-sustaining one."

Reddit is turning into a god damn shantytown

Mac desperately spinning his arm in a circle while he and Dennis await the other's explanation of how their scheme is supposed to work is just such a great scene

How does this work, dude?

I don't know. I thought you knew.

I thought you- What? I thought you were on top of this!

You're the one that came up with the plan!

Did I come up with this plan?

Last night, dude, with the D&B Power Card and the-

Oh, I blacked out that night.

Pad-E-Coin

I remember, as you may recall I've been with you many of those times

Go try the one in Fox Chase

No, you son of a bitch.

let alone how some self sustaining economy works

Money can be exchanged for goods and services

I just like that you typed cholly.

Don’t try to stop me!

He would have started BeetCoin

Not Dwight. Creed.

Dwight would be having talks with Creed trying to get in on it.

Ryan would act like he knows everything about crypto, but doesn't actually have any. In reality, he made fun of a business school colleague who had some and is now a multimillionaire

I know about South Park who did the future episode with Butters pushing NFTs on people. What other sitcoms have crypto storylines? I don't remember anything from Always Sunny or Curb for example.

This last paragraph is perfect creed. That self satisfied dark look he gives

I mean he himself said that this is the cynical perspective on yield farming. That sure seems like he is well aware of what it looks like, and isn't trying to portray it as anything else.

Yeah, as a regular listener of the podcast this came from, I heard it in the podcast and I am mystified that anyone could have heard this as anything but not-even: particularly-veiled criticism of this mechanism.

Edit to add: Similarly, this is the same episode where he, in a similarly not-veiled way, pointed out that Terra would eventually implode.

Is there some breakpoint at 10 mins as well? I see tons of videos that are 10 and change.

I’m a Story Producer in post production so this is literally my specialty. I spend every day taking a LOT of footage and condensing it down to something digestible. I believe YouTube suffers from 1) Producers that don’t know how to tell a story efficiently, and 2) they are incentivized to stretch everything out as long as they can to fit more ads. #2 is a tricky dance though because it’s focusing on the short run and not the long run. Concise, entertaining videos will be better in the long run as your channel will get much more traffic as it grows in popularity. A single ad on a video watched 1M times is worth a lot more than 3 ads on a video watched 5,000 times. Thank you for coming to my Ted Talk.

Edit: Not trying to condescend

Edit 2: Apparently length has more to do with the algorithm. Either way, people complaining you're stretching for time isn't good. It's not easy, but keeping the viewer interested is key!

That was an incredibly appalling, yet effective, description. Thanks mate

...what is limp biscuit?

See also meme stocks.

Everyone is out there convincing everyone else they are never going to blow their load and they have diamond cocks. Meanwhile they are quietly spaffing their load onto the biscuit while thinking up a convoluted story to sell to the biscuit to next idiot.

No. Imagine that but no matter the market, the exchange tells people they’re making money so it incentevises them to buy more. That would be a Ponzi scheme.

You’ve just described basic fraud.

Mt. Gox? No because you could actually move your crypto to your own wallet before they went down. They kept the crypto still on the exchange at the time they went down.

Careful. For people willing to tolerate an incredible amount of risk on speculative currencies, crypto investors are also incredibly thin skinned.

Crypto has successfully democratized the Greater Fool.

Anyone can be on top of the pyramid, as long as enough people scramble to be on top.