Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M • Hacker News Board

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#381

Post by argentinian » Wed, Feb 19, 2025, 2:08 PM UTC

Daishiman wrote: post #377

argentinian wrote: post #376

Earlier quoted context omitted.

There's a reddit user with your same nick, and 80% of his posts are about criticizing Milei. The passion with which you do that is remarkable.

The day you realize that defunding critical public institutions sets backs countries by decades maybe you’ll get pissed off too.

I'll see the effects in poverty and employment statistics. Then I may understand your perspective.

I consider now that the country was already being set back for decades.

I like seeing statistics, not arguing emotionally.

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#382

Post by llamaimperative » Thu, Feb 20, 2025, 3:36 PM UTC

habinero wrote: post #378

EGreg wrote: post #335

Earlier quoted context omitted.

Are you serious? There are so many problems it can prevent, because they are nearly impossible to occur now: 1) People can only act as themselves, they can't log into the database and corrupt all the data in a table, so there is no need to recover from massive systemic corruption (this is the big one ) 2) Business rules of smart contracts are enforced, and you know that the state transitions happen exactly as they sh…

> People can only act as themselves, they can't log into the database and corrupt all the data in a table, so there is no need to recover from massive systemic corruption I don't understand why you think this is so critical? This is a solved problem - just have backups and basic security. If it's really critical, there's a lot of ways to log changes. It's not a big deal. > Business rules of smart contracts are enforc…

To add on: if someone's "irreversible" crypto transaction goes awry, do people really think they're not going to go to court and/or that courts won't do exactly what courts do in every other case of fraud?

"Your honor, the smart contract was clear as day: this fraud was totally above board" is not going to work. I promise.

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#383

Post by monicaaa » Fri, Feb 28, 2025, 10:02 AM UTC

TZubiri wrote: post #285

rsynnott wrote: post #260

Earlier quoted context omitted.

> If you know the rules of the game and you willingly participate, then how is it different from any casino? If _everyone_ playing the game knew the rules, no-one would play. Like all fraudulent schemes, these are fundamentally dependent on getting in new marks. These memecoins are essentially partially open Ponzi schemes; there are the organisers (occupying essentially the Charles Ponzi role), the naive marks (occup…

Yet people play at casinos all the time. There's always people that are ok with gambling and losing on the long run. But there's people that recognize the zero sum, and bet that they are the ones having the advantage. It's not like people bought the coin thinking they were helping the country, only conmen trying to outcon the conner bought it. Although there definitely is an argument for tricking laypeople, I think i…

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