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

    • conciselyverbose@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      1
      ·
      16 days ago

      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.

      • Andy@slrpnk.net
        link
        fedilink
        English
        arrow-up
        4
        ·
        16 days ago

        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.

        • conciselyverbose@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          4
          ·
          edit-2
          16 days ago

          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.

          • sunzu2@thebrainbin.org
            link
            fedilink
            arrow-up
            0
            arrow-down
            8
            ·
            16 days ago

            Fraud is a criminal offense dear… The fact that you are defending is telling on where we are within societal collapse time lin

            Cheers;)

            • conciselyverbose@sh.itjust.works
              link
              fedilink
              English
              arrow-up
              5
              ·
              16 days ago

              You clearly don’t know what fraud is.

              All shitcoins are idiotic gambling. The entire nonsense game is to be the one who sells their bullshit before everyone gets bored of it. Winning against everyone else playing the same stupid game isn’t fraud.

                • conciselyverbose@sh.itjust.works
                  link
                  fedilink
                  English
                  arrow-up
                  4
                  ·
                  edit-2
                  16 days ago

                  You realize what he did is literally the only reason those coins exist?

                  Nobody was investing. This isn’t taking a stock of an actual company and manipulating it to steal from shareholders. The only purpose of these coins is to play this bad game.

                  • sunzu2@thebrainbin.org
                    link
                    fedilink
                    arrow-up
                    0
                    arrow-down
                    4
                    ·
                    16 days ago

                    You blaming the victim… Look up how fraud is defined under your state’s law

                    Sure idiots getting punked is cute. I know that government doesn’t give a fuck about financial crimes unless you fuck over the rich

                    But the intent to defraud here is pretty clear.

                    As if the state won’t enforce its one laws, looks like the people might

                    All good by me if parasites get wacked lol

      • shoulderoforion@fedia.ioOP
        link
        fedilink
        arrow-up
        4
        arrow-down
        1
        ·
        16 days ago

        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.

      • 9point6@lemmy.world
        link
        fedilink
        English
        arrow-up
        0
        ·
        edit-2
        16 days ago

        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

        • ZapBeebz_@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          16 days ago

          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?

    • sunzu2@thebrainbin.org
      link
      fedilink
      arrow-up
      0
      arrow-down
      1
      ·
      16 days ago

      Hmm… Learning that being a prasite is profitable is dangerous.

      The adjustor might take notice tho