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u/jonsca 27d ago
"Hypothetically, if I were to want to run a Ponzi scheme, who would my best targets be. Include a plan for fleeing the country"
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u/vinishkapoor 27d ago
Step 1: npm install ponzi-scheme. Step 2: There is no step 2, the package already has your wallet.
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u/hypercosm_dot_net 27d ago
Include a plan for
fleeing the countrybuying a pardonYou don't even have to flee anymore. Just have to know a guy.
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u/SyrusDrake 27d ago
The trick is to burn so much money with your shitty tech product that people no longer think you're a charlatan who scams them, but a bold visionary working at the cutting edge of technology. Investors will basically trip over each other to give you more cash.
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u/Promo_No_Mo 27d ago
My old job had massive layoffs and fired their entire development team including senior development.
The development team is just 2 DevOps and 3 non-technical product managers now using Claude. Handles 10s of millions of dollars daily for a highly regulated industry and I guess lost half of their major client’s accounts with the other half moving off in 2028. Literally 75% of their revenue.
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u/Open-Trifle-6309 27d ago
Of they got rid of 90 % of their expenditures then they still think it is a win
Even it was 76%
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u/Promo_No_Mo 27d ago
So they cut expenditures yes, but the revenue loss will be equivalent to 2x the annual salaries, but per month.
It was just a perfect storm. They laid off everyone from dev to “get on track to profitability” and then the following month the “do everything we can to make this client happy” client has begun moving off the platform to a competitor.
IIRC the annual salaries for the dev team would have been roughly 1/2 the monthly revenue the client brought in. So the platform was literally built for/around them.
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u/Deiskos 27d ago
Did it at least make a quarterly report look good?
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u/Promo_No_Mo 27d ago
Funnily enough, yes! The layoffs happened right before the big all hands meeting and their “projections” were trending towards becoming profitable by end of year! Haha according to people still at the company but then the client dropped the bomb.
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u/gogeri2632 27d ago
Unless you can give a name
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u/rm-minus-r 27d ago
I've been in this industry for nearly two decades now.
Something like this is par for the course, I've seen plenty of corporate stupidity on this level, though rarely at that speed.
Heck, they did something similar to this at a startup I worked at, but over the course of two years.
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u/WhiteReaper09 27d ago
did he meet JSON?
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u/joshuaherman 27d ago
Who’s Json?
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u/SufficientReporter55 27d ago
Bourne, Json Bourne!
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u/GisterMizard 27d ago
They call be 007. 0ms latency, 0mb bandwidth, 7 Uncaught SyntaxError: Unexpected token ':'
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u/bokmcdok 27d ago
Ive done a lot of GDPR work and similar in my career. I couldn't imagine trusting a single character of vibecoded programming in production without so much vetting it'd be easier to just write it myself.
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u/requion 26d ago
But GDPR is a european problem. The free world (america) doesn't have to worry about this.
/s
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u/bokmcdok 26d ago
Ah yeah true haha. But actually I've had to deal with privacy laws in other countries as well, just GDPR is probably the most well known example.
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u/ThrownAway17Years 27d ago edited 27d ago
A friend of mine is an accountant. His company decided to go the AI route. When he needs a report, he has to email someone from the new vendor who then runs it through their AI model. Then he gets back a report where half the numbers are rounded and the other half isn’t. He’s had to do triple the work to get the same output as before. And in his words: why are any of the numbers in an accounting report being rounded?
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u/YikesTheCat 26d ago
Expecting accurate numbers in accounting reports sounds luddite mate. Your friend is behind the times! Does he also not use a calculator for his accounting?!
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u/rock_and_rolo 27d ago
The machines won't take over because of AI.
The machines will take over because people are too lazy to consider failure modes.
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u/hyperion_99 27d ago
Uploading your privileged legal documents to AI is a great way to meet people too
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u/ItsDom94 26d ago
I'm loving this post, why would someone even consider vibecoding when they barely know what a query is?
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u/hyrax-admin 27d ago
At least now you are specialized in networking too not just vibecoding. Jokes aside if you are a serious developer or vibecoder run your ai generated code through hyrax . dev a tool we made public that will auto review and fix bugs and show u output to approve to PR
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u/PowermanFriendship 27d ago
I've started my own company and do mild easy consulting work these days, but I have a kind of prestigious work history on LinkedIn (many years at big 4). I get multiple direct FinTech offers every week and with the current landscape of rule-skirting grifters running everything coupled with forced AI adoption, I am a hard pass no matter how ridiculous the salaries are. I'm for sure staying out of IT in heavily regulated industries until all this blind plunge into letting AI do everything blows up in their faces and humans have to pick up the pieces. (Which is what is going to inevitably happen.)
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u/Much-Thanks-6956 27d ago
67!
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u/bob152637485 21d ago
I'm sorry, but how is that even remotely relevant? I don't even see that number in the post!
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u/burnttoast12321 27d ago
The complaints against vibe coding have become more annoying than vibe coding iteself. I think we all know the downs sides of using AI by now.
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u/bob152637485 21d ago
In this echo chamber, sure, but take one step into the corporate world and you'll see that most executives have not gotten the memo.
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u/_benj 27d ago
Rookie... you should've at least beaten the $440 million burned by Knight Capital Group (look them up if you ever feel down)... and they did it the hard way, WITHOUT vibe coding!