The Ponzi Career

Social tokens, Lambda School, Pipe: all of these capitalize potential money-makers upfront based on expected future earnings, and in doing so, actually increase the probability of financial success by giving them money to invest.

what we may see within the next decade is something rather different: the emergence of massive, publicly-traded unicorns predicated on the value of a single person's magnetism.

"First, we need to explain the shortcomings of existing earning models. Traditional corporate employment is rapidly becoming outdated as a means for coordinating activity in the Information Age — we already see this in the emergence of alternative forms of earning such as influencers, contractors, creators, gig economy participants, and more. These... See more