this post was submitted on 04 Jan 2024
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From Cambridge Dictionary:

unnecessary actions or words that have little meaning and make something seem more important or complicated than it really is

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Crypto hedge fund CEO may not exist; probe finds no record of identity (arstechnica.com)
submitted 10 months ago by [email protected] to c/[email protected]
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Now that is how you run a proper scam.

Take notes, kids!

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[–] [email protected] 3 points 10 months ago

Chainalysis consumer losses in 2022 were estimated to exceed $1.3 billion. Thousands of consumers lost millions, The Guardian reported.

These two statements are problematic. If thousands (plural) lost millions (plural), the smallest number of consumers would be 2000 and the smallest amount of money be 2000000. This means, at a minimum, consumers would have lost at least 4000000000 (4bil is 2000 2mils). If thousands lost millions, we can say total losses exceed 1.3bil. If total losses exceed 1.3bil, we cannot necessarily say thousands lost millions as, at most, that figure supports 650 people losing a maximum of 2mil.