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   Glyn Moody (glynmoody@mastodon.social)'s status on Friday, 06-Dec-2024 19:50:05 JST Glyn Moody

   A Kid Made $50,000 Dumping Crypto He’d Created. Then Came the Backlash - https://www.wired.com/story/memecoin-kid-backlash/ "Pump.Fun has found it impossible to insulate users from soft rug pulls. " #memecoins

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     Glyn Moody (glynmoody@mastodon.social)'s status on Friday, 06-Dec-2024 21:54:54 JST Glyn Moody

     in reply to

     • Steve

     @steevc people just see all this as a easy money...

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     Steve (steevc@mastodon.org.uk)'s status on Friday, 06-Dec-2024 21:54:55 JST Steve

     in reply to

     @glynmoody I really don't see the point of meme coins and people should not take them seriously, but Musk has hyped Doge. FOMO and greed are powerful forces.

     I'm more interested in crypto as a way to empower people, but it's still a minefield and people have to be wary.

     I see plenty of people say all crypto is scams, but there are lots of projects with good intentions.