Teen creates memecoin, dumps it, earns $50,000

Comments

• CosmoNova@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  “Earns”

  source

  • conciselyverbose@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    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.

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    • x00z@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Better words to use here:

      • swindles
      • defrauds
      • pockets
      • scams

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    • 9point6@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      I see where you’re coming from but then you could easily headline this as “Teenage con man scams $50k”

      Just because some people are gullible, even if they’re also often shitty people, it doesn’t mean they deserve to be scammed

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    • givesomefucks@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      IDK what you want to call it.

      Scammed

      Obviously.

      The entire purpose of crypto is a scam. People buy it only because they hope it will later be worth more and they can sell it. Even tho the act of selling it lowers the price especially if they have a lot.

      You’re saying it’s right because it’s working as intended and legally it’s not prohibited.

      Other people say it’s a scam because they’re putting their personal morals over the law. That’s textbook antisocial behavior, and not always a bad thing. The French resistance in WW2 were antisocial, MLK was antisocial, Occupy was antisocial.

      It can be bad too, like the KKK or the people from 1/6

      But when the majority of a society is antisocial (doesn’t matter good or bad ways) that society is usually fucked.

      And this week just gave a pretty good example that a majority of people put their personal morals above societies laws.

      At a certain point, the people change societies to match their morals, the opposite is always temporary.

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  • cabron_offsets@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    It’s not like this kid is a health insurance CEO.

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  • PriorityMotif@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Is defrauding crypto investors really that may though?

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  • lurch@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    if he mined the coins at home, he basically traded electricity his parents paid for. idk where they mine on this platform tho

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• DerArzt@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  For the people in the article complaining:

  Play stupid games, win stupid prizes.

  Don’t invest in meme coins.

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• ininewcrow@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

  Isn’t this the basis of how all cryptocurrency work?

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