this post was submitted on 02 Jun 2025
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[–] [email protected] 6 points 5 days ago* (last edited 5 days ago) (1 children)

There use to always be a crowd of TSLA stock owners (fewer now) defending Tesla in posts criticising Musk and Tesla, and similarly lots of people who are clearly cryptocurrency owners coming out of the woodworks to defend cryptocurrencies in posts critical of them.

Under this post we seem to be getting a lot of NFT owners doing the same: "selling their book" as they say in Finance.

People will say any old bollocks and dissemble like pros to keep up interest in the "investment" assets they own until they find a greater fool to dump them on.

Makes me think of the difference in the discourse around Bitcoin back in the early days vs latter stages: NFTs were created from the very go as way of separating fools from their money so the talk around them has always been swindlers' talk - or if you want to describe it in a positive light, "the grifters grift" - but Bitcoin did not start as a vehicle for money making, and I remember back in the beginnings of Bitcoin how the talk was very different - mainly naive idealism - and how it changed over time as greedy types became a greater and greater part of those who had bought Bitcoin.

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[–] [email protected] 18 points 5 days ago (16 children)

How do you know a crypto scheme is a scam?
You already know, the answer is "yes". It's always "yes".
The only question is, can you hold the tiger's tail just long enough to make a mint and still let go in time that you aren't the last one holding it.

[–] [email protected] 9 points 5 days ago

can you hold the tiger’s tail just long enough

The answer to this is also usually "no" because the people who set up the scamcoin usually don't like to leave things to chance and have a plan for when to time their rug-pull.

Trying to get in on these grifts is like spotting a bank-robbery in-progress and trying to join the crew and get paid. Sure it can happen, but you're not exactly playing with the best odds of success.

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[–] [email protected] -1 points 5 days ago (6 children)

NFTs are just beanie babies for millenials and gen z

[–] [email protected] 4 points 5 days ago (1 children)

Uh oh, you've offended the people who are prone to falling for scams and grifts. Across multiple generations.

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[–] [email protected] 12 points 5 days ago (1 children)

Beanie babies were beanie babies for millennials. I still have some.

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[–] [email protected] 6 points 5 days ago (1 children)

At least beanie babies were a toy a child could play with.

[–] [email protected] 4 points 5 days ago (1 children)

Noooo! They'd lose value! (they'd go from 2 to 1.5 dollars)

[–] [email protected] 3 points 5 days ago

Well, that's why you get the tag protectors!

[–] [email protected] 10 points 5 days ago (2 children)
[–] [email protected] 7 points 5 days ago

A plague upon humanity.

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[–] [email protected] 5 points 5 days ago

Millenials had beanie babied wut

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