Argentina president accused of fraud over crypto crash
www.bbc.com
Some have accused Javier Milei of performing a "rug pull" after he promoted a virtual coin on social media.

Argentine President Javier Milei is facing impeachment calls - and legal action accusing him of fraud - over his promotion of cryptocurrency on social media.

  • jagged_circle@feddit.nlEnglish
    15·
    3 days ago

    They’re shit coins. Nobody is being scammed.

    They just overestimate their ability to time the market. But some do make money timing the dump.

    Your odds of winning are still better than the casino. But I’m not a gambling man.

    • Monkey With A Shell@lemmy.socdojo.comEnglish
      2·
      3 days ago

      For some it’s an eyes open ponzi scheme, then there are always the village idiots that think that surely this is the one that is going to replace the world currency.

      • jagged_circle@feddit.nlEnglish
        1·
        3 days ago

        No. That’s for cryptocurrency.

        Shitcoins are for gambling. Nobody expects memecoins to replace world currencies. Just like nobody expects to buy groceries with pubic hair or lottery ticket stubs or arcade tokens.

        Shitcoins are for timing dumps.