The saddest part is that the same person is now advertising this coin which made them poor to all their followers, in the hopes that those followers buy it, have it then increase in value again, so he can sell all his assets and hence leave his followers holding the bag.
The main thing these cryptocurrencies do is create a financial incentive to lure more people into being scammed by them. Once you understand this dynamic, you understand why they turn someone into the most insufferable person known to man.
Comments
Displaying 0 of 6 comments
Cregg
In response to this post@ErikUden well if their followers get their followers to buy it, and those followers get their followers to buy it, we get a nice pyramid where everyone wins, right? That's how pyramid schemes work, right?
Mentions: @ErikUden@mastodon.de
Likes: 0
Replies: 0
Boosts: 0
*|FNAME|* 🇨🇦
In response to this post@ErikUden
https://en.m.wikipedia.org/wiki/Greater_fool_theory
Mentions: @ErikUden@mastodon.de
Likes: 0
Replies: 0
Boosts: 0
Gilbert Pilz
In response to this post@ErikUden Think of it as a hyper-efficient mechanism for separating stupid people from their money. The stupider you are, the less you end up with.
Mentions: @ErikUden@mastodon.de
Likes: 0
Replies: 0
Boosts: 0
J. M. Smig
In response to this post@ErikUden Standard pyramid scheme.
Mentions: @ErikUden@mastodon.de
Likes: 0
Replies: 0
Boosts: 0
funbaker #AssangeIsNotGuilty
In response to this post@ErikUden like a bunch of dogs who fight about some kitchen leftovers thrown at them. so pathetic.
Mentions: @ErikUden@mastodon.de
Likes: 0
Replies: 0
Boosts: 0
Erik Uden 🍑
In response to this postI'm tired, boss
@ErikUden Stop reading the stupids 🤷🏻♀️
by Amro has been ;
@ErikUden I see. Go to sleep.
by Boss-zrtfz. Spannbettuchfalter ;
Likes: 0
Replies: 2
Boosts: 0