Obviously, when I say GameStop is a Ponzi Scheme, I’m not talking about the company. I’m talking about what’s been going with its stock lately. It’s not funny. It’s not about a way to make a quick buck. It’s certainly not smart investing. It’s nothing more than ponzi with some tulips to throw on top.

The classic ponzi scheme is getting investors to dump money into something “tulips” and then use subsequent investors to pay off the initial investors. That’s exactly what’s going on here.

Everyone bragging about on Reddit that they’re taking the money from the rich shorts and passing it around are adding fuel to this scheme. When the video games stop, which will happen soon, lots of people are going to lose their life savings and fall off of the leaderboard. This is no RobinHood fighting some evil Capitalists. This is Bernie Madoff telling his so-called friends, “Psst, I got a great deal for you.”

For a few seconds, I thought about joining in on the fun and shorting these scammers. But it would have meant taking down a lot of innocent people who saw it as way to make a fortune. Instead, I just dumped these “investment forums” from SymGroups and am watching on Kauai with a large bag of kakimochi.

Bottom line is that at Sympile we’re going to protect our users. Even if it means protecting them from themselves.

Have a question? It’s Sympile.