The Ponzi Career

Lambda School enables students to sell a piece of their future earnings in exchange for tuition. The school teaches in-demand skills such as web development and data science. Courses can be completed remotely and are highly practical, focused on getting students hired once they complete the course.

Creator coins are a new type of asset class that is tied to the reputation of an individual, rather than to a company or commodity. They are truly the first tool we have as a society to trade "social clout" as an asset. If people understand this, then the value of someone's coin should be correlated to that person's standing in society.

For example, if Elon Musk succeeds in landing the first person on Mars, his coin price should theoretically go up. And if, in contrast, he makes a racial slur during a press conference, his coin price should theoretically go down.

In such a scenario, every career becomes a pyramid scheme. If you can attract enough people to buy your tokens, and they can attract enough people to buy even more tokens, the whole enterprise will continue to increase in value.

Celebrities and online influencers are using digital tokens to monetize their popularity and share the risks of being a star. Bitcloud enables celebrities to sell Creator Coins that fans can buy and sell.

The Lambda School Income Share Agreement (ISA) is a form of deferred tuition under which you agree to pay 17% of your post-Lambda School salary for 24 months, but only once you're making more than $50,000 per year. The ISA is capped at $30,000, so you'll never pay more than that for any reason. And if you don't get hired? You never pay.