RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 7 days agoDonald Trump supporters lose $12B after his meme coin collapseswww.uniladtech.comexternal-linkmessage-square24fedilinkarrow-up1151arrow-down11file-text
arrow-up1150arrow-down1external-linkDonald Trump supporters lose $12B after his meme coin collapseswww.uniladtech.comRSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 7 days agomessage-square24fedilinkfile-text
minus-square小莱卡@lemmygrad.mllinkfedilinkEnglisharrow-up3·edit-26 days agoIt really doesn’t matter if it’s cryptocurrency or a tulip, if its an speculative asset that is exactly how the wealth transfer happens. People dump money into it -> asset price goes up -> Majority holder sells and takes the money -> asset price crashes. The use-value of the thing doesn’t matter.
It really doesn’t matter if it’s cryptocurrency or a tulip, if its an speculative asset that is exactly how the wealth transfer happens.
People dump money into it -> asset price goes up -> Majority holder sells and takes the money -> asset price crashes.
The use-value of the thing doesn’t matter.