Unsurprisingly, he and his family were doxed by angry traders.
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.
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
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?
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.
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.
