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Teen creates memecoin, dumps it, earns $50,000(arstechnica.com)

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shoulderoforion@fedia.io
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technology@lemmy.world
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Unsurprisingly, he and his family were doxed by angry traders.

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yeahiknow3@lemmings.world
1 point

That’s not the point. The US has the power to extract rents; it doesn’t have to use it.

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LibreHans@lemmy.world
-1 points

You live in fantasy land if you think the US has that power, any government that tries this would be overthrown.

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yeahiknow3@lemmings.world
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The thing is… the market disagrees with you. For now. But hey, put your money where your mouth is! I’ll give you a hundred rubles for a hundred dollars. If you really think the US government is impotent and on the verge of collapse…

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LibreHans@lemmy.world
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Haha, which market disagrees? The bond market, the gold market, the bitcoin market, the housing market?

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