Not that Matrix
Written by Frank Giovinazzi
Published May 27, 2003
Published May 27, 2003
MSNBC is reporting that a new type of pyramid scam is sweeping the Internet, this time in the guise of a 'matrix.'
Simply put, early contestants win the prizes, but late entries to the game have no chances of winning.
Ergo, this matrix is an illegal Ponzi scheme.
This phenomenon was predicted with eerie prescience by the inimitable Ugo de Chiaroscuro several months ago. The site doesn't look like it's being updated, as the mysterious Senor Chiaroscuro hasn't been seen or heard from in some time.
Keep reading for information and comments on this article, and add some feedback of your own!
- Not that Matrix
- Published: May 27, 2003
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- Section: Culture
- Writer: Frank Giovinazzi
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"This phenomenon was predicted with eerie prescience by the inimitable Ugo de Chiaroscuro several months ago"
actually, this phenomenon has being going on for longer than that. It's been popular for a couple of years, although it is true that only in recent months it seems to have really gone nuts. I do find it amazing that so many people seem willing to play these matrix games even in cases where the system is explained in understandable plain english AND the current state of the matrix is shown (yes, some sites do actually do this and it seems to get them more customers rather than less)
I suppose at least it's better than all those "make money from home" schemes that try their darndest to hide the fact that they are also ponzis/pyramids. Still a bit of a puzzle as to why they're so damn popular tho (the phrase "more money than sense" comes to mind)