Yes and yes. However, pyramid schemes are created to maximize personal wealth, not to destroy collective value. Those are not quite the same thing. I think a supervillain could cause more harm to the world by setting out with the explicit aim of crashing the market. It’s the difference between an accidental reactor meltdown verses a nuclear weapon. If LTCM achieved 95% leverage acting with noble aims, imagine what would possible for someone with ignoble motivations.
Yes and yes. However, pyramid schemes are created to maximize personal wealth, not to destroy collective value. Those are not quite the same thing. I think a supervillain could cause more harm to the world by setting out with the explicit aim of crashing the market. It’s the difference between an accidental reactor meltdown verses a nuclear weapon. If LTCM achieved 95% leverage acting with noble aims, imagine what would possible for someone with ignoble motivations.