Post
Topic
Board Altcoin Discussion
Re: How to determine the Total Supply of an unlisted Token?
by
Tytanowy Janusz
on 09/08/2023, 11:36:53 UTC
Its your right anyway and opinion. But surely there will some who will disagree with you too and has their own opinion.

There are facts and there are opinions. The sentence that meme coins are a scam, are created to extort money and harm the entire industry is a fact. meme coins don't produce anything, they don't solve anyone's problems don't develop the industry. Give one example that proves otherwise. The fact that someone once got lucky and made money on it is not proof that meme coins are good, because it is a zero-sum game (meaning someone else lost). In fact, it's not even a zero-sum game because the creator of the meme coin is cutting his cut.

Yes theres a lot of bad blood in the memecoins but, do you think we like to be scam? Thats what you called risky gamble on a crypto.

No one likes to be scammed, but you need to know what a scam is in order not to be scammed. Meme coins are scams. Gamble^2 because in normal gamble you can calculate odds of winning. here you don't know when scammers will rugpull all your money. You don't know how much you can win, you don't know what the odds of winning are, how big house edge is.

Unfortunately, the vision of quick profits attracts people and calling it "investing" or "trading" makes them let go of the brakes and so they would enter the casino with a maximum of $ 100 (because its gambling and i'm not a gambler), but they will go to look for meme coins with $10,000, then do DCA with another $40 000 loosing family savings. Have you ever wondered what tragedies in many families meme coins creates? Have you ever wondered how many people have already committed suicide because of these scammers? "trying to find a new pepe fast" only gives them capital to make another scam with much better marketing, paid listing on bigger exchanges, more fake fallowers, more paid articles, more washtrading to show big volume etc.