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X is becoming a 'ghost town' of bots as AI-generated spam content floods the internet — A sign of the scale is the thriving industry in bot-making (www.abc.net.au)

submitted 9 months ago by [email protected] to c/[email protected]

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X is becoming a 'ghost town' of bots as AI-generated spam content floods the internet — A sign of the scale is the thriving industry in bot-making::The internet is filling up with machine-generated "zombie content" designed to game algorithms and scam humans. Experts call it the "great AI flood".

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[–] [email protected] 22 points 9 months ago* (last edited 9 months ago)

[Alice] "Bob, we're going to butcher a pig and get rich selling the meat!"
[Bob] "Okay. What do I need to do?"
[Alice] "give me some money for pig food."
[Bob] "fine" [gives Alice five coins]
[Alice, a month later] "Bob, our pig is eating a lot. We'll need more money. Could you spare fifteen coins?"
[Bob] "Fifteen? Fuck."
[Alice] "If you don't give me 15 coins the pig will starve, and we'll lose the investment. Remember, once we butcher the pig we're getting rich!"
[Bob] "Fiiiiine." [gives Alice fifteen coins.]
[Bob, a month later] "Hey Alice, how is our pig going?"
[Bob] "Alice? Where are you?" [radio silence]

And Alice just stole 20 coins from Bob, through a pig butchering scam.

The key elements of the scam:

There's a promise of huge profits near the end. That's the "bait".
Investment starts small, but it gets larger over time. That exploits the escalation of commitment of the scammed.
At a certain point, the scammer flees.