Mark Cuban is wrong about that last point. Cuban himself is being sued for promoting crypto ponzi Voyager. He couldn’t even tell the “legitimate” crypto companies from the fraud — because there are none. $TRUMP is not an aberration. Trump’s memecoin is 100% quintessential crypto. - ThreadSky

mattbinder.bsky.social • 38 days ago

Mark Cuban is wrong about that last point.

Cuban himself is being sued for promoting crypto ponzi Voyager. He couldn’t even tell the “legitimate” crypto companies from the fraud — because there are none.

$TRUMP is not an aberration.

Trump’s memecoin is 100% quintessential crypto.

Reposted from Mark Cuban

Just have to say that the $Trump meme coin is a gift to all of us who are not fans of his.

It’s just a matter of time until a lot of people lose money from this.

I’m a crypto fan. This is not crypto any more than Madoff was just buying and selling shares of stock

Comments

thecarebear.bsky.social•37 days ago

The crypto circus is highly destabilizing and therefore dangerous.

Chaos brings destruction. Always.

trenchdiggr.bsky.social•38 days ago

I read that 90% of bitcoin is owned by 2% of bitcoin owners. Total valuation of all Bitcoin is over $2T. Trump will implement policies that inflate the value further. The oligarchy will cash out with real $ when the time is right, stealing obscene wealth from the rubes. This was the plan all along.

john-h-nordrhein.bsky.social•38 days ago

This crypto is a scam while the other scam is a crypto.

bitcoinbro.bsky.social•38 days ago

Oh stop, it’s a Solana shitcoin. FFS. ₿Itcoin ONLY.

mattbinder.bsky.social•38 days ago

i’m constantly told by the Bitcoiners that Bitcoin isn’t crypto! guess that’s no longer the talking point.

bitcoinbro.bsky.social•38 days ago

“cRyPtO” is 20,000+ shitcoins, then there’s Bitcoin, take it however you like. Bitcoin is the only one that’s not a scam.

astrocat.bsky.social•38 days ago

No really pull the other one

cincyblog.bsky.social•38 days ago

Cryptocurrency in any form is a scam.

thegreatduggo.bsky.social•38 days ago

Crypto is a fucking lie and a grift - it is not a ponzi scheme. Get your facts straight. You can pull your money out of crypto any time you want. Yes, it could crash, but you can pull your money out before that happens. In a ponzi scheme, the asset value is a lie and you can't get your 💰 out.

pcollirigger.bsky.social•38 days ago

Crypto is the electronic equivalent of having people carve seashells into elaborate shapes and calling it "money." And it completely works as money as long as everyone else believes it's money.

mattbirnbaum.bsky.social•38 days ago

I was surprised and disappointed to see him post that. I personally think it’s reckless for big names to promote crypto to people who don’t know enough.

zoey.bsky.social•38 days ago

Never lets me down.

tristra.bsky.social•38 days ago

What is that?

zoey.bsky.social•38 days ago

https://bsky.app/profile/singal.shame.wtf

tristra.bsky.social•38 days ago

TY!

flashmongol.bsky.social•38 days ago

All of crypto is literally just a Ponzi scheme. There is no good way to do crypto! And yet people still get fooled by these rug pulls

mirandachats.bsky.social•35 days ago

It is appalling that people look to Mark Cuban as a C-Suite ally when he's just another billionaire grifter out to screw people for profit. He talks openly about the business-first, pro-crypto, AI-generated future he longs for.

Mark Cuban is the enemy.

smileycrew.bsky.social•38 days ago

"He couldn’t even tell the “legitimate” crypto companies from the fraud."

... they're all fraud.

mattbinder.bsky.social•38 days ago

that’s what i said!

havocravoc.bsky.social•37 days ago

I think he is saying you should have picked a couple of different words to point out that they're all fraud

smileycrew.bsky.social•37 days ago

derrickwb.bsky.social•38 days ago

You don't get it. Sure there are crypto scams, but there are a lot of cryptocurrencies out there that are genuinely useful for doing crimes and laundering money.

fslg.bsky.social•38 days ago

Now is the time to bring back Scam Economy!! Lots of folks need your expertise

hinatahodl.bsky.social•35 days ago

There was another coin he was involved in that rugged. I forgot the name.

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