"Earns"
this post was submitted on 07 Dec 2024
297 points (96.6% liked)
Technology
59986 readers
2137 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
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.
enough people automatically buy into every coin created, a couple bucks here, a couple bucks there, hoping one will take off, that's where this 50k bump earnings, and the millions in valuation comes from. kid invested $300 buying a stake in his own coin, he could've lost it. he didn't.
Better words to use here:
- swindles
- defrauds
- pockets
- scams
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.
load more comments
(9 replies)
Yeah. Everyone who got mad at him is basically like, 'Hey! Fuck you, asshole, for selling before I got a chance to sell! I wanted to do that, but you did it before I could do it! No fair!'
Also: the coins are now with far more than when he sold. So strangely, the folks who got rug pulled ended up with an actually valuable coin and an opportunity to sell at a high price. Which makes zero sense to me. But they apparently have no reason to complain. It worked out great for everyone, somehow.
Very stupid.
Idiots participate in Bigger Idiot scheme, upset to find out they're the Bigger Idiot.
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.
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, and even if they're also often shitty people, it doesn't mean they deserve to be scammed
What promises did he make?
Selling something that has no value for money to people who know it has no value isn't a scam.
As someone who has basically come to see "memecoin" and "scam" as synonyms, I have a hard time having any sympathy for anyone who puts money into this shit. Everyone knows that the endgame of every memecoin is for the creator to walk away with all the profit, right? Enough incidental people win a bit of money to keep everyone gambling that they can beat the scam, but everyone has to know that they're feeding the scam when they buy in, right?
Its theft like every other pump and dump
Just "Gets" would be fine
It’s not like this kid is a health insurance CEO.
if he mined the coins at home, he basically traded electricity his parents paid for. idk where they mine on this platform tho
"My shitty attempt at being a venture capitalist didn't pan out and I'm angry at the guy who took advantage of my desire for a get rich quick scheme"
Slightly relevant:
"huge fan" 🚩🚩🚩
how can you be a fan of "Hawk Tuah"? It's the unfunniest meme like ever
It was a funny thing for a spontaneous drunk girl to joke about with her friends on a night out.
It should have stayed there, it's so overplayed now.
I think it was funny but that’s completely irrelevant.
Who the fuck forks over any money, much less $50k for… what? What does this coin do that any of the thousands of others don’t? Because someone said a funny thing? …. What??
I have zero sympathy for these dipshits. We’re going to have a lot more of this content in the US over the next 4 years.
I think the video and meme itself were dumb but the fact she ran with it and built a memepire from it and is raking it in from gullible simps is hilarious
They may have meant Talk Tuah the podcast.
"my crypto representative... @"
Dudes about to lose his last $2k to a crypto scam "advocate"
Hilarious
Feels too good to be true
For the people in the article complaining:
Play stupid games, win stupid prizes.
Don't invest in meme coins.
They're called shitcoins for a reason. The only reason people buy them is to time the dump.
This is done thousands of times a day on Pumpfun, not sure why this one merits mention except that there was a backlash.
See Darknet Diaries: Stacc Attack episode for an interesting look at meme coin jackassery.
What I've learned from this article is that I should be creating memecoins because people are very gullible.
I've been considering it tbh... And I know what my target audience would be even. I just don't know if I want to actually go through with it + if I do, I have to buy Monero with it or something so I could launder it, then somehow explain to the tax authority that I've suddenly got a bunch of crypto I'm selling... Though the last part might not be too bad, as long as I do TELL them that I'm selling it and want to pay taxes on it.
Yeah, the tax man doesn't care how you got it, just that they get their cut. Just don't be stupid and not declare that income... They will know.
Good for him
And then internet trolls briefly pumped the coin again so the kid will always feel like he missed out on $3M.
Cryptobros and day traders are indistinguishable from compulsive gamblers
The Hawk Tuah coin scammed millions to their insiders, and they were rudely unapologetic about it afterward. They lied about everything they promised their "fans". I cant believe such theft is not illegal
"Do you have the slightest idea how little that narrows it down?"
Yalls remember squid game coin?
view more: next ›