shoulderoforion@fedia.io to Technology@lemmy.world · 1 month agoTeen creates memecoin, dumps it, earns $50,000arstechnica.comexternal-linkmessage-square4fedilinkarrow-up10arrow-down10file-text
arrow-up10arrow-down1external-linkTeen creates memecoin, dumps it, earns $50,000arstechnica.comshoulderoforion@fedia.io to Technology@lemmy.world · 1 month agomessage-square4fedilinkfile-text
minus-squareconciselyverbose@sh.itjust.workslinkfedilinkEnglisharrow-up0·1 month agoIDK what you want to call it. It’s silly to get mad at the kid for selling a shitty meme coin people were willing to pay for when that’s the whole reason they exist.
minus-squarex00z@lemmy.worldlinkfedilinkEnglisharrow-up0·1 month agoBetter words to use here: swindles defrauds pockets scams
minus-squareconciselyverbose@sh.itjust.workslinkfedilinkEnglisharrow-up0·edit-21 month agoIt’s none of those. There is not, and never was, any reasonable belief or expectation that there was any path to resembling an actual currency. The entire market is shitty gambling hoping you’re the one who times their sale correctly.
IDK what you want to call it.
It’s silly to get mad at the kid for selling a shitty meme coin people were willing to pay for when that’s the whole reason they exist.
Better words to use here:
It’s none of those.
There is not, and never was, any reasonable belief or expectation that there was any path to resembling an actual currency. The entire market is shitty gambling hoping you’re the one who times their sale correctly.