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#crypto

147 posts40 participants8 posts today

"[...] all crypto is bullshit, but memecoins are consciously bullshit."

Is every memecoin a scam?
According to David Gerard: “Basically, literally, yes.
All of this is like a big game of pretend with made-up financial instruments. It’s printing your own made-up money. You print your own Monopoly money and then people buy it from you for real money.”

theguardian.com/technology/202

The Guardian · Is every memecoin just a scam? Experts on whether Andrew Tate and Trump are fleecing their followersBy Matt Shea