"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
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
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.
They may have meant Talk Tuah the podcast.
"my crypto representative... @"
Feels too good to be true
Isn't this the basis of how all cryptocurrency work?
When you think about it .... isn't this also how all money works?
Ya, it's all about trust.
I trust the EU to manage the Euro, a meme managing a shitcoin not so much 😋
technically yes, difference is one is backed by a nation state, the other is backed by a teenager...
That’s not how money works. Fiat currency is just IOU’s, literally, which are discharged when the promissory note returns to its originator (in the case of dollars, the US treasury). Check out Debt the First 5000 Years for an anthropological look at the origins of money.
Whereas I would prefer to live in a moneyless (i.e., debtless) post-scarcity anarchist society, which is how small tribes and communities were organized for tens of thousands of years before the rise of nations, fiat currencies are used to maintain the modern (unimaginably huge) marketplace, whose ostensible purpose is to allocate scarce resources.
Dollars represent faith in the power of the US government to extract taxes from its population. Crypto represents nothing. It stands for nothing. “Coins” come and go, and if you’re the last one standing in the zero-sum game of musical chairs, you lose your savings. For that to happen with dollars, the US government would have to implode, which is unlikely.
Crypto is, quite possibly, the purest form of speculative trading (gambling) we have ever concocted. The only reason I don’t think it should be illegal is that I have no interest in saving people from their own cupidity and greed.
Graeber's book (Debt: The First 5000 Years) is so, so good.
For a large portion of time in those small anarchist communities, they'd raid and kill each other.
How would we prevent that?
You’re absolutely right, and I have no idea. Maybe wait another 100,000 years for the 30% of humanity that lacks abstract moral reasoning to exit the gene pool.
I'm convinced the reason we have so much government is to control that portion. And it's not even doing that good of a job.
Dollars represent faith in the power of the US government to extract taxes from its population
Lol, the debt will never be repaid with taxes.
Money is backed by a state with the (legitimate) monopoly on the use of force. Is has a worth because you must pay your taxes in it or else.
As such, money coined by a state has an inherit value as long as the state is stable.
And said state has both an interest in the stability of the currency as well as tools to influence it that are not available to everyone.
I have to use USD to pay my taxes, and if I don't pay my taxes i go to jail. Cryptocurrencies aren't used for anything other than financial speculation
Cryptocurrencies aren't used for anything other than financial speculation
Typical anti-blockchain crypto bashing.
Cryptocurrencies have plenty of uses besides speculation. For example, buying drugs and a plethora of scams.
ya got me right there
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.
And then internet trolls briefly pumped the coin again so the kid will always feel like he missed out on $3M.
"Earns"
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.
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.
Better words to use here:
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.
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.
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?"
Good for him
This is a most excellent place for technology news and articles.
