Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
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Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#2Cryptocurrencies are volatile "investments".
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#3Surely all cryptocurrencies are memecoins. There's very little debt in these things, so that it isn't a source of value, and there are many popular systems, from Bitcoin to Ethereum, so isn't any that can be said to be somehow special.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#4I was excited about Cabbage Patch Kids, but I missed $TRUMP. Where is the $PUTIN token?
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#5Surely all cryptocurrencies are memecoins. There's very little debt in these things, so that it isn't a source of value, and there are many popular systems, from Bitcoin to Ethereum, so isn't any that can be said to be somehow special.
If Trump (or whoever) goes on social media to promote Bitcoin, it'll probably pump 5%-10%. And if it falls, it'll fall roughly back down to where it was.
If he goes on to promote some unknown shitcoin, said coin could easily pump 1000%, and fall harder.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#6Surely all cryptocurrencies are memecoins. There's very little debt in these things, so that it isn't a source of value, and there are many popular systems, from Bitcoin to Ethereum, so isn't any that can be said to be somehow special.
If Trump (or whoever) goes on social media to promote Bitcoin, it'll probably pump 5%-10%. And if it falls, it'll fall roughly back down to where it was. If he goes on to promote some unknown shitcoin, said coin could easily pump 1000%, and fall harder.
I don't get the point you're trying to make?
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#7Surely all cryptocurrencies are memecoins. There's very little debt in these things, so that it isn't a source of value, and there are many popular systems, from Bitcoin to Ethereum, so isn't any that can be said to be somehow special.
Crypto adherents seem to have given up on any other narrative this time yeah.
Scammers gonna scam. Suckers gonna lose (including the suckers who fancy themselves as scammers but don’t realise it’s a rigged game).
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#8I was excited about Cabbage Patch Kids, but I missed $TRUMP. Where is the $PUTIN token?
In all honesty, I've read a bunch of positive articles about Millei, and watched the Friedman interview with him. He has multiple economics degrees and really seems to understand economics in a way that Trump does not, IMHO. And, so this is horribly embarassing that he does not understand the basics of cryptocurrencies and tokens and the scoundrels. Understanding economics is not the only point when you are running a country. You need to create a stable environment for citizens.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#9I was excited about Cabbage Patch Kids, but I missed $TRUMP. Where is the $PUTIN token?
Putin prefers stablecoins denoted in US dollars.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#10I was excited about Cabbage Patch Kids, but I missed $TRUMP. Where is the $PUTIN token?
In all honesty, I've read a bunch of positive articles about Millei, and watched the Friedman interview with him. He has multiple economics degrees and really seems to understand economics in a way that Trump does not, IMHO. And, so this is horribly embarassing that he does not understand the basics of cryptocurrencies and tokens and the scoundrels. Understanding economics is not the only point when you are running a…
You don't seem to be considering the possibility that he knew perfectly well what he was doing, and that this was intentional. Rug pulls are popular among celebrities.