Definition & Meaning of "pyramidiot"in English

What is the origin of the term "pyramidiot" and how is it used?

"Pyramidiot" is a modern slang term that likely emerged in the late 20th or early 21st century, combining "pyramid" (referring to pyramid schemes or hierarchical scams) with "idiot" to label someone who foolishly believes in or participates in such schemes. The word emphasizes gullibility and poor judgment, particularly in financial or pseudoscientific contexts. It is used in informal speech, online forums, and social commentary to mock or criticize people perceived as easily duped. The term is mildly to moderately derogatory, clearly intended to ridicule rather than offer neutral description.