I don't know how much he's lost to bitcoin scummery but it's in the thousands of not tens of thousands. He keeps having kids, those kids don't deserve their livelihoods getting fucked up. My brother is years behind on rent last I knew it isn't like he's a tech bro throwing pocket change into the meat grinder
Crypto scams are on the rise and contrary to popular belief they don’t only target old rich people. My dad was selling his food stamps to “invest” in Bitcoin because his “friend” was an “investor“ who was gonna teach him how to do it. He’s got no savings and he’s actively going into debt over these scams. He seems scarily addicted to it and I don’t pretend to understand why but at the very least it seems to be compulsive behavior and he’s ruined his life over it.
It kind of makes sense why poor people would be attracted to gambling on shitcoins and similar get rich quick schemes. Like other forms of gambling it represents a tiny hope of a swift resolution to their hardships and often if comes with a (disingenuous) promise of playing fair with people who the legitimate economy is rigged against.
It's a piss-poor way of coping with poverty though as it is all scams built on top of scams. A million people lose everything for each time an average Joe wins the big jackpot. The people behind these scams are preying on the desperate, the oppressed and the naive. At best they belong in a gulag.
But until the day they get what's coming for them it is a rare ray of comedic sunshine when they scam eachother for once.
Uncritical support for scumbags scamming fake money off other scumbags
There are real victims in this whole thing tho, mainly families of dumbshit idiots that pissed away their family's life savings on this stuff.
Figure 1: My Brother
I don't know how much he's lost to bitcoin scummery but it's in the thousands of not tens of thousands. He keeps having kids, those kids don't deserve their livelihoods getting fucked up. My brother is years behind on rent last I knew it isn't like he's a tech bro throwing pocket change into the meat grinder
Crypto scams are on the rise and contrary to popular belief they don’t only target old rich people. My dad was selling his food stamps to “invest” in Bitcoin because his “friend” was an “investor“ who was gonna teach him how to do it. He’s got no savings and he’s actively going into debt over these scams. He seems scarily addicted to it and I don’t pretend to understand why but at the very least it seems to be compulsive behavior and he’s ruined his life over it.
It kind of makes sense why poor people would be attracted to gambling on shitcoins and similar get rich quick schemes. Like other forms of gambling it represents a tiny hope of a swift resolution to their hardships and often if comes with a (disingenuous) promise of playing fair with people who the legitimate economy is rigged against.
It's a piss-poor way of coping with poverty though as it is all scams built on top of scams. A million people lose everything for each time an average Joe wins the big jackpot. The people behind these scams are preying on the desperate, the oppressed and the naive. At best they belong in a gulag.
But until the day they get what's coming for them it is a rare ray of comedic sunshine when they scam eachother for once.