299
submitted 2 years ago by neme@lemm.ee to c/buttcoin@awful.systems
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[-] hactar42@lemmy.ml 68 points 2 years 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.

[-] orize@lemmy.dbzer0.com 25 points 2 years 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.

[-] matlag@sh.itjust.works 15 points 2 years ago

Well, these were most likely Milei's voters, so what could you expect?

[-] Soyweiser@awful.systems 10 points 2 years ago

Yeah this is why we have regulations and consumer protection, or should have.

[-] mountainriver@awful.systems 10 points 2 years 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.

[-] V0ldek@awful.systems 4 points 2 years 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

[-] TheBrideWoreCrimson@sopuli.xyz 4 points 2 years ago* (last edited 2 years 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 6 points 2 years 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

[-] selokichtli@lemmy.ml 3 points 2 years ago

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

[-] Montreal_Metro@lemmy.ca 26 points 2 years ago

They dug up a guy from the 70s to run the country.

[-] tigeruppercut@lemmy.zip 14 points 2 years ago

Might be an 80s guy. He should remember to fix his boneitis though

[-] DaiDactylos@feddit.uk 7 points 2 years ago

He looks like a British professional darts player from the 1970s.

This guy looks like a 1950s Argentina’s politician who time travelled to 2025

[-] OutsiderInside@lemmy.world 6 points 2 years 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.

[-] swlabr@awful.systems 17 points 2 years 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 11 points 2 years ago* (last edited 2 years 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))

[-] swlabr@awful.systems 7 points 2 years ago

Two scams for the name of one. Double Zuck Grifting!!!

[-] Thcdenton@lemmy.world 14 points 2 years ago
[-] Tikiporch@lemmy.world 14 points 2 years 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.

[-] Hobbes_Dent@lemmy.world 13 points 2 years 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.

[-] Soyweiser@awful.systems 20 points 2 years ago
[-] Hobbes_Dent@lemmy.world 0 points 2 years ago

Argentina is a Trump (Americans) toady just like the Nazis. Also apparently a whore for people who approve Naziism to make money with crypto.

[-] Soyweiser@awful.systems 16 points 2 years ago

You sound crazy and you use anti sexworker language ( after some racist language). Nothing you say has to do with the article linked. Also weirdly conspiratorial tone. Not a fan of that.

[-] self@awful.systems 12 points 2 years ago

yeah, this is nothing but red flags

[-] Soyweiser@awful.systems 14 points 2 years ago

I'm just sitting here going 'you are hating this guy wrong!'

[-] froztbyte@awful.systems 7 points 2 years ago

^ what they said

[-] Lon3star@lemmy.world 12 points 2 years ago

That deserves a paddle'n

[-] blakestacey@awful.systems 7 points 2 years ago
[-] Sebeck012@feddit.nl -2 points 2 years ago* (last edited 2 years ago)

That's really weird. I've heard that his economy reforms are actually working.

https://youtu.be/VX7rws4lPg8

[-] dgerard@awful.systems 14 points 2 years ago

i'm sure they're working for someone

[-] mountainriver@awful.systems 10 points 2 years ago

Economic Shock Doctrine works great for the oligarchs. Less well for everyone else. So it's not strange that Milei wants to scam his supporters and hand oligarchs a direct way to show their gratitude.

[-] Amoeba_Girl@awful.systems 5 points 2 years ago

That's weird. I've heard you were a spambot.

[-] Sebeck012@feddit.nl -3 points 2 years ago* (last edited 2 years ago)

If you have some other insightful video that argues against the one I posted please share. The video I posted represents the (quite shallow) depth of my knowledge on the subject of the economic and political situation in Argentina. 🤷

Edit: found this explaining the crypto issue, interesting. https://youtu.be/KFHWFeHYhok

[-] froztbyte@awful.systems 3 points 2 years ago

read the sidebar, you weird fuckwit

[-] Sebeck012@feddit.nl -1 points 2 years ago

No idea what's going on or what I did wrong. I browse by "all". All I get is insults 🤷

[-] froztbyte@awful.systems 2 points 2 years ago

we already have hilbert curves, you don't need to go fill space just because it's there

Yep. He should stick to governing and do less online nonsense.

this post was submitted on 15 Feb 2025
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