coinus boinus
adj A term to describe something heavily hyped and promoted that ultimately turns out to be a scam, or at least heavily embellished for the sake of convincing people to buy in; similar to "smoke and mirrors" or "snake oil." Popular examples: Theranos, Fyre Festival, NFTs, Elon Musk, MoviePass
noun 1. A bad faith offer of opportunity, especially pertaining to financial gain; specifically the essential quality of lacking a realistic foundation.
2. The intrinsically fictive nature of any societal construct so deeply ingrained in contemporary society that many if not most people don’t realize that it is simply a thing that someone made up and not an immutable law of nature, especially one that exists in service of legitimizing systems of power (eg. money, borders, social hierarchy, etc)
noun 1. A bad faith offer of opportunity, especially pertaining to financial gain; specifically the essential quality of lacking a realistic foundation.
2. The intrinsically fictive nature of any societal construct so deeply ingrained in contemporary society that many if not most people don’t realize that it is simply a thing that someone made up and not an immutable law of nature, especially one that exists in service of legitimizing systems of power (eg. money, borders, social hierarchy, etc)
Anyone with any actual technical knowledge knows that Elon's entire reputation is all just coinus boinus.
Walter told everyone that his NFT series of kittens dressed like famous WWII figures would be the next big thing and net them millions, but it soon proved to be a whole bunch of coinus boinus after he ran off with their money.
They hide it well behind a façade of expensive suits and smart-sounding jargon, but doesn’t take much digging to realize that the modern field of economics is really just the study of coinus boinus
Walter told everyone that his NFT series of kittens dressed like famous WWII figures would be the next big thing and net them millions, but it soon proved to be a whole bunch of coinus boinus after he ran off with their money.
They hide it well behind a façade of expensive suits and smart-sounding jargon, but doesn’t take much digging to realize that the modern field of economics is really just the study of coinus boinus
coinus boinus by Cletus Meatus December 8, 2024
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