this post was submitted on 07 Dec 2024
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Teen creates memecoin, dumps it, earns $50,000 (arstechnica.com)
submitted 4 months ago by shoulderoforion@fedia.io to c/technology@lemmy.world
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Unsurprisingly, he and his family were doxed by angry traders.

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[โ€“] ininewcrow@lemmy.ca 82 points 4 months ago* (last edited 4 months ago) (38 children)

Isn't this the basis of how all cryptocurrency work?

When you think about it .... isn't this also how all money works?

[โ€“] FiskFisk33@startrek.website 3 points 4 months ago

technically yes, difference is one is backed by a nation state, the other is backed by a teenager...

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