Quote from: EFS on December 08, 2024, 09:01:33 PM

The hype for most NFTs with no use cases is over. They were used for standard pump-n-dump stuff. They are useless digital assets that they raise the price to sell to the next sucker. The last one to buy loses. This kind of craziness happens in different things every cycle. With millions of people trading for a quick buck hoping to make big money, the ponzis in the financial markets never end, they just change their form.

This is so true. There will always be one ponzi or the other.
Now the reigning ones are memecoins. When I saw different celebrities making their own coin and advertising it for their fans I knew it was another scam opportunity for people because most if not all of these people rug-pulled the coin.
Anybody with a thinking brain could see that NFTs are a scam that would benefit the first set of people and leave dust for the rest.
Now, every trending thing you can think of has a memecoin. A lot of celebrities all have memecoins. Some have already rug pulled while others are still waiting for the right time.

Just like other ponzi schemes, there are those who make a profit out of the scheme and they're genuinely advising others to invest in it without knowing that they're calling people to get involved in a ponzi. I don't think there's any difference between memes and gambling.