• hactar42@lemmy.ml
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    4 days ago

    How many times are people going to fall for this? Someone launches a new crypto and hypes it up, a bunch of random people buy into the hype, prices take a huge nose dive, repeat ad nauseam.

    • selokichtli@lemmy.ml
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      2 days ago

      I mean, with all due respect, mostly these memecoins aren’t promoted by presidents of countries with sized economies as investment opportunities.

    • V0ldek@awful.systems
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      2 days ago

      I’m sure a bunch of people buy knowing it’ll collapse, but thing they’re so smart and savvy they’ll sell it just in time to get rich

    • orize@lemmy.dbzer0.com
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      4 days ago

      Because there will always be a new naive generation (aside from those severely mentally ill), a share of people will ALWAYS fall for it. Every year, new people will fall for it

      So don’t be surprised, be informed.

    • mountainriver@awful.systems
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      3 days ago

      It’s scamming the true believers and creates an obfuscated channel for the oligarchs to deliver the carrots / bribes. When Trump launched his memecoin and got a question he waved at the tech billionaires and said “it’s peanuts for these guys”. Unfortunately nobody followed up with asking if that meant those guys were the ones transferring money to Trump through the memecoin.

    • TheBrideWoreCrimson@sopuli.xyz
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      3 days ago

      If you are not an insider, don’t buy, simple as that. And even if you think you are, are you really? Were you invited to the lavish opening party with the flamingos and the dancers at the huge mansion with two pools and all that? If not, then you are at the bottom of the totem pole, much like anybody else. Your designated role is to funnel your own money upward.

      • V0ldek@awful.systems
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        2 days ago

        Were you invited to the lavish opening party with the flamingos and the dancers at the huge mansion with two pools and all that?

        If yes then you’re definitely the mark.

        The real test is whether you’re included in the 5 person Signal group they coordinate the date and time to dump

  • swlabr@awful.systems
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    4 days ago

    Libra

    could have sworn that this was the zuckcoin that was making the rounds a few years ago. I looked it up, they rebranded to “diem” due to legal issues before cancelling it altogether.

    • froztbyte@awful.systems
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      4 days ago

      Libra-now-Diem, yeah. it was a full-on attempt to take the reins of value transmission and storage (“be the economy, be the bank”), beyond just coin

      (also written about by david (which I haven’t read (yet?) because handwave all my usual things on fire))

  • Tikiporch@lemmy.world
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    4 days ago

    Is it a rug pull if it was only ever a way to funnel Russian money into Milei’s pocket? I don’t think average folks fall for grifts like this, or Trump’s meme coin. It’s just a new way to bribe people.

    Like, in days past, they’d have just donated a bunch of money to Milei’s charitable organizations that would turn around and pay Milei exorbitant speaking fees.

    • OutsiderInside@lemmy.world
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      3 days ago

      50s was a good time for politics, until we fell for a militar coup in 55, where civilians were bombarded by our own airforce.

  • Hobbes_Dent@lemmy.world
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    4 days ago

    Lolololol you’re way too brown for 400 million Americans to make room on the Mars Arkkk for you. It only seats three - Elon, the kid, and the sperm in Dons seat.