• Beefalo@midwest.social
    link
    fedilink
    arrow-up
    19
    ·
    1 year ago

    I wonder how all that’s going. I don’t care enough to check, but last I heard all the ugly monkey pictures were worth zero and the entire market had finally imploded, but these things do limp on and on, trying to turn your driver’s license into some horrible new kind of shackle.

    The only winners of the debacle were the two women who managed to turn the memes about them into fuck you money, and they were never seen on the blockchain again. Sometimes I wish I was actually good at capitalism, you really don’t need a job if you are, money just kinda falls from the sky for you. Sigh.

    • cley_faye@lemmy.world
      link
      fedilink
      arrow-up
      8
      ·
      1 year ago

      It’s a “grab money from naive people scheme” that allows transforming strong advertisement into money. If you have an initial supply of cash or are a big influencer in the public space, you can get money from a lot of people.

      Turns out, after a while, the amount of idiots that are willing to give you their money dwindle, so the whole “market” kinda dies. Give it a bit of time and it will start pumping again.