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Economy

Probatim

(3,040 posts)

16. Crypto is perfect for scammer, gamblers, or those who have no faith in government issued currencies because

Reply to mahatmakanejeeves (Original post)

Mon Dec 9, 2024, 11:50 AM

Dec 9

they have no understanding of how government functions.

However, they'll turn over their fortunes to those who are operating algorithms and social media scams - of which they have no understanding of how it works. But it ain't the gubmint!

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A Kid Made $50,000 Dumping Crypto He'd Created. Then Came the Backlash [View all] mahatmakanejeeves Dec 9 OP

And this currency is what they want to tie to our social security? Baitball Blogger Dec 9 #1

Yes, your new payment is 1.7 Gen Z Quant monthly bucolic_frolic Dec 9 #2

Careful. I wrote a post yesterday about that and it was deleted. erronis Dec 9 #12

The whole 'Social Security will be paid in crypto' thing is ridiculous. Same for paying off the national debt with it. Celerity Dec 9 #14

If a kid with no resources can do this, think what a narcistic billionaire could do. Midnight Writer Dec 9 #3

Its the bigger idiot theory.... getagrip_already Dec 9 #5

Good for him. I don't trust the bit coiners as far as I can spit. If they can get away with it, he should get away ... marble falls Dec 9 #4

kid is a loser and scumbag (read also predator) stopdiggin Dec 9 #15

Just hope he added all the right legal disclaimers.... getagrip_already Dec 9 #6

key phrase "The "overwhelming majority" of new crypto tokens entering the market are scams of one form or another..." cynical_idealist Dec 9 #7

Its definitely time..... 70sEraVet Dec 9 #8

The big money return in crypto is::: keithbvadu2 Dec 9 #9

College business schools are probably already recruiting him - TBF Dec 9 #10

Yet another example of how far we have to go to remove the programming. OldBaldy1701E Dec 9 #11

Crypto - the quintessential example of the Greater Fool Theory. NoMoreRepugs Dec 9 #13

Crypto is perfect for scammer, gamblers, or those who have no faith in government issued currencies because Probatim Dec 9 #16

Did he learn his lesson from all this?... OH, YEAH! keithbvadu2 Dec 9 #17

Post removed Post removed Dec 10 #18