I keep wondering when they’re going to run out of marks but it never seems to happen. - ThreadSky

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lauraolin.bsky.social • 43 days ago

I keep wondering when they’re going to run out of marks but it never seems to happen.

All crypto is fundamentally a scam, they invested a ton of money to elect a guy who would allow them to scam more, and he is running the biggest scam of all himself as a result. Congrats to all.
www.nytimes.com/2025/01/18/u...

Comments

ianmoontz.bsky.social•43 days ago

As all cons know, there's a sucker born every minute. You just gotta keep ahead of your last sucker, and your con will never end.

irober02.bsky.social•43 days ago

Phineas J. Trump.

talonewo.bsky.social•43 days ago

And the marks continue to buy all his garbage.

kenryan.bsky.social•43 days ago

They won't - they'll just federalize it & pump directly from the US Treasury.

peopledied2vote.bsky.social•43 days ago

We're the marks. There are big buyers who aren't strictly looking for financial gain.
Plus, there are the suckers, poor sods.

jasonpaul.bsky.social•43 days ago

Like all Ponzi schemes, they're not marks. Everyone buying in is a co-conspirator that fully knows they are buying into a con, they just want in on it.

sheldonrampton.bsky.social•43 days ago

https://en.wiktionary.org/wiki/nobody_ever_went_broke_underestimating_the_intelligence_of_the_American_people

lyonsnyc.bsky.social•43 days ago

There's an inexhaustible supply, apparently.

kyloboomhauer.bsky.social•43 days ago

To quote Bob Dobbs, “Act like an utter dumbshit, and they’ll treat you as an equal.”

geauxblue.bsky.social•43 days ago

Yup. It’s worthless magic beans and there is inevitably going to be a crash. My main hope is that when it happens, it’s not at a level that crashes the entire economy. Given the incoming administration that seems less and less likely.

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