Quote from: aioc on June 17, 2022, 01:39:04 PM

Quote from: davis196 on June 17, 2022, 10:20:09 AM

I'm sorry if there's another forum post about this topic. I couldn't find anything about this news, so I'm posting it here.
Elon Musk is about to get sued for alleged Dogecoin pyramid scheme. We all knew that his Dogecoin shilling will come back and bite him in the a$$. Grin

Is dogecoin a pyramid scheme? Is this a rhetorical question? Grin

Any doge supporters here?

https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/

The accuser just wants to make money

Quote

Johnson is seeking $86 billion in damages, representing the decline in Dogecoin's market value since May 2021, and wants it tripled.

if every investor who loses their investment investing in Cryptocurrency will demand and charge the developers we will have thousands of lawsuits every month, the accuser is in a dream world he doesn't know the reality of investing in Cryptocurrency, it is the investor's action that will make him lose and profit in the market, there's a lot of pump dump and manipulation in the market, you don't want to lose? get out in the market and put your money in a bank.

Did the accuser lose $86 billion in investment? and I understand that tripling that amount of $86 billion will be coming close to Elon Musk's Net worth, Maybe his aim is to bankrupt Elon Musk Grin

I don't think this will fly though. Didn't People profit from Elon Musk Dogecoin shilling? I also believe that he believes he can make some sought of money from the lawsuit even if he is not going to get what he is requesting.