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Teen creates memecoin, dumps it, earns $50,000
(arstechnica.com)
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this post was submitted on 07 Dec 2024
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Even worse, it is unregulated gambling. In normal gambling there are rules. Yes, the house will always win in the long run as the odds are in their favor, but the game is set up in a transparent way and doesn't change half way through.
Also the original idea of cryptocurrency was never speculation and cashing out. But sadly it has turned into that in 99% of the time.
Yup. The good news is that it's really easy to avoid that nonsense. Stick to the more established currencies and you'll be golden.