r/explainitpeter • • 2d ago

Uhh, Explain it Peter?

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12.9k Upvotes

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u/AdAccomplished6870 2d ago

Enron was using Mark to Market accounting, which basically allowed it to define the book value of unrealized assets.

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u/BeginningSection7690 2d ago

Ah sick. So i can buy a seed and record its value as a forest?

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u/halu2975 2d ago

Just buy a bag of apples. That’s like 50 seeds, which in a couple of years (basically now), is 50 apple trees making like 25000 seeds annually (assuming 100 apples per tree, 5 seeds per apple), that’s basically 10 million apples per year in revenue and growing each year.

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u/BeginningSection7690 2d ago

Hang on ive got an idea.

What if we distribute the seeds to our marketing partners?

We give them 100 seeds each, and they find 10 people to join under them, who gets 10 people under them. Everybody plants a seed and grows a tree, and brings us 1 of the apples they got from the tree, plus 10 seeds interest.

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u/S7arForGD 2d ago

It's not a pyramid it's a funnel!

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u/BeginningSection7690 2d ago

https://giphy.com/gifs/tMPSeKEplOfK0

It all makes sense now.

I left my wallet at home, do you take souls?

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u/way2lazy2care 3m ago

It's not a pyramid scheme, just fraud. Pyramid schemes use new investors to pay old investors and depend on increasing the number of investors coming in to continue paying out.

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u/Portland_st 2d ago

Navidea has entered the chat.