Argentina president faces impeachment calls over crypto crash
Some have accused Javier Milei of performing a "rug pull" after he promoted a virtual coin on social media.
Argentine President Javier Milei is facing impeachment calls - and legal action accusing him of fraud - over his promotion of cryptocurrency on social media.
How many times can people fall for the same scam and not be blamed for taking the bait themselves? Shitcoins come in a flavor of the week, the originator hold a horde of them and shills it as the greatest thing ever, follows dump money in it, and the principal makes off with the gains. Trump co pulled the same gimmick to fleece their fans and nobody batted an eye
I wouldn't say "nobody batted an eye". It is being talked about by a lot of the internet.
The thing is, sunk cost fallacy. Suckers that were duped arn't screaming about it because their guy did it so they have to keep it to themselves or else those Demon Rats will be right.
Fair enough, maybe more 'Trump scammed, flock got fleeced, nobody was shocked' is better fitting.
Memecoins are like the new version of casino.
Gonna get old eventually.... (I mean writing stories about casinos that politicians and famous people promoted and people lost money at)
They're shit coins. Nobody is being scammed.
They just overestimate their ability to time the market. But some do make money timing the dump.
Your odds of winning are still better than the casino. But I'm not a gambling man.
Trump is very far from the first shitcoin
Wait, you can impeach someone over that?
furiously takes notes in American
Dude looks like an Austin Powers villain.
That's such a good diss.
Its in my kind of style of the "wish at home"
The problem with any currency in our current state is 2 fold:
This isnt a crypto currency. Its a shitcoin.
That's a distinction without a difference.
And jail time, right?
...Right?
Some people online have accused Milei of what is known as a "rug pull"
This fucking article. Its not a rug pull. Its a pump and dump.
You can't fucking rugpull a currency that's still tradable. A rug pull is when the site shuts down.
Tech literate reporters, where are you?
... the government's Anti-Corruption Office would investigate and determine whether anyone had acted improperly, including the president himself.
Boy, I'm glad we have government-funded experts to investigate .... Corruption in the government
Money laundering assumes extensive losses.
Checks bitcoin price
What crash?
Read the article. It's not Bitcoin, it's another cryptocurrency called Libra, which just did this:
