• The Quuuuuill@slrpnk.net
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    1 year ago

    Memecoin never written to be a functional currency becomes suddenly valuable after billionaire known for running pump and dumps hypes it up.

    And that’s to say nothing of the fact that “investing” in currency is completely insane and should be treated as a likely scam

  • pjhenry1216@kbin.social
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    1 year ago

    In his defense, if you don’t take that approach to the situation, you’re going to be fucking depressed.

  • Vespair@lemm.ee
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    1 year ago

    I don’t know, hoarding a bunch of money needlessly seems way stupider than using your available resources to fill your life with incredible experiences, to me.

    I think we just somewhere down the line all got confused by what success was supposed to look like. It ain’t a game of Pacman; you don’t win just by having the biggest number on the scoreboard.

    Edit: important caveat, I know literally nothing about this dude or how he made or spent his money, I am just speaking in generalities.

    • poppy@lemm.ee
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      1 year ago

      But afaik he didn’t spend it. It just devalued. So he had [xyz] amount of crypto. One day [xyz] was worth millions and then [xyz] was worth only thousands. So it’s not like he got great experiences or a house.

  • gonzo0815@sh.itjust.works
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    1 year ago

    Someone over at reddits Buttcoin sub calculated that he must have cashed out something or he would have been at 300k now.

  • LCP@lemmy.world
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    1 year ago

    Oh man, this brings back some sour memories.

    During the early days of the whole Reddit Dogecoin saga, I had somehow amassed 138066 Dogecoins - probably worth 10 bucks at the time. Didn’t know any better, so I kept them in DogeTipBot like many others, and forgot about them.

    The creator of the bot then stole everyone’s coins and dipped.

    Those 138066 Dogecoins would be worth $8647 today 💀