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Teen creates memecoin, dumps it, earns $50,000 (arstechnica.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

91 comments fedilink hide all child comments

Unsurprisingly, he and his family were doxed by angry traders.

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[–] [email protected] 82 points 2 weeks ago* (last edited 2 weeks ago) (38 children)

Isn't this the basis of how all cryptocurrency work?

When you think about it .... isn't this also how all money works?

[–] [email protected] 21 points 2 weeks ago (2 children)

I have to use USD to pay my taxes, and if I don't pay my taxes i go to jail. Cryptocurrencies aren't used for anything other than financial speculation

[–] [email protected] 21 points 2 weeks ago (1 children)

Cryptocurrencies aren't used for anything other than financial speculation

Typical anti-blockchain crypto bashing.

Cryptocurrencies have plenty of uses besides speculation. For example, buying drugs and a plethora of scams.

[–] [email protected] 3 points 2 weeks ago

ya got me right there

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