just_another_person@lemmy.world to

politics @lemmy.world · 5 days ago

Is every memecoin just a scam? Experts on whether Andrew Tate and Trump are fleecing their followers

www.theguardian.com

136

Is every memecoin just a scam? Experts on whether Andrew Tate and Trump are fleecing their followers

www.theguardian.com

just_another_person@lemmy.world to

politics @lemmy.world · 5 days ago

After I was turned into a memecoin, I looked into the hype behind the crypto that only a tiny percentage of people profit from

Yup

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sylver_dragon@lemmy.world
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5 days ago
Crypto is a ponzi scheme playacting at being a currency or investment vehicle. Meme coins just dispense with playacting and aim for shorter time horizons on cashing out from the ponzi scheme.

politics @lemmy.world

politics@lemmy.world

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