Comment on Solana Saga smartphone sells for up to $5K on eBay as Bonk frenzy causes sell-out
Voroxpete@sh.itjust.works 9 months agoThat’s not quite the order of events. The phone always came with the shitcoin, but the price recently surged which caused people to realise that they could sell the coins for more than the phone was worth. The surge in price is probably just a reflection of idiots pumping crypto again because Tether manipulated the price of bitcoin back up to 40k.
This is all just a brief window for whales to cash out, and it’s very likely that this memecoin will crater leaving anyone who bought these phones at a markup holding the bag.
Moonrise2473@feddit.it 9 months ago
Ah yes tether, the “we’re 1:1 backed by dollars, pinky promise don’t worry coin” that’s printing money at a rate that makes the Argentina central bank chief an amateur
Printing stats: nitter.1d4.us/usdcoinprinter
Voroxpete@sh.itjust.works 9 months ago
Coiners: “Fiat is bad because governments can just print more whenever they want. That’s why all my money is in Dog Butt Coins!”
Tether: “Printer go brrrrrrrrrrrrrrrrrrrrrrrrrr…”
Moonrise2473@feddit.it 9 months ago
Can’t find recent stats of money printed by the argentinian central bank, but in the first semester of 2022 they printed $5 billions.
Amateurs. Tether is printing that amount every month.