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[–] 72 points 2 years ago (2 children)

All these company based coins are essentially grey market stocks, sell coins for free capital, coins gain value on perception of company value. Plus Elon can continue pumping and dumping. The distopian future of company owned currency sounds terrible.

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  • [–] 37 points 2 years ago (1 child)

    This is definitely going to work and, moreover, Elon will eventually use it to perform a rug pull at a scale not seen since like the previous week maybe.

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  • [–] 8 points 2 years ago (1 child)

    Didn't he already do this with another coin he made up?

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  • [–] 18 points 2 years ago (2 children)

    I know he did it with Doge, but that was a meme coin he wasn't involved in making.

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  • [–] 7 points 2 years ago (1 child)

    I know so many people who were so fucking convinced they were going to be rich from doge coin.

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  • [–] 5 points 2 years ago

    My dumbass brother is one of them.

    Also I told him to sell his bitcoin when it was at $44k and still plummeting cause it was going to drop below $20K (so rebuy then) and he didn't do that either...

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  • [–] 26 points 2 years ago

    All behold, the return of corporate scrip.

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  • [–] 18 points 2 years ago (1 child)

    What was the original Simpsons screenshot? I want to know what those signs originally said.

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  • [–] 16 points 2 years ago (1 child)

    It works just like regular money, but it's, uh... "fun"

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  • [–] 15 points 2 years ago
    [–] 9 points 2 years ago (1 child)

    Basically stock, but uncontrolled? (maybe not the right word)

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  • [–] 8 points 2 years ago (1 child)

    What episode is this from?

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  • [–] 5 points 2 years ago (1 child)

    I have much higher standards than that!

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