This will never not be funny to me, the now normalized assumption that blockchain coins are speculative investments and never were, as the libertarians squawked about for years, simply a "state-less" currency. Get rekt coin boys.
I still laugh the time those dorks protested outside the MTGOX office and only a handful showed up and they looked exactly like you imagine a coin boy (using that from now on lol) would look.
Capitalism is the most efficient system, because under socialism you'd never have a weird rich guy getting sued for a small nation's GPD for manipulating fictional dog currency
a weird rich guy getting sued for a small nation’s GPD for manipulating fictional dog currency
What a time to be alive.
according to the world bank, Portugal has a GDP of 253 billion in 2021
https://www.reuters.com/legal/elon-musk-seeks-end-258-billion-dogecoin-lawsuit-2023-04-01/
lawyers for Musk and his electric car company Tesla Inc (TSLA.O) called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin.
lol his defense is just "it was a prank, bro!" Elon is a 16 year old youtuber.
You know his goal was to get the price to 42,000% so he could tweet - 420,00% - epic!
:geordi-no: Committing financial crimes for your personal enrichment.
:geordi-yes: Committing financial crimes because it was le epic bacon lulz xD
Paul Allen
Not only does that fucker not have a Wikipedia page - he doesn't even have a section. The following seems to be everything Wikipedia has...
The company's former chief executive and lead manager for Ocala Funding (Paul R. Allen, who admitted to allowing $1.5 billion in collateral to be misappropriated from Ocala and was sentenced in 2011 to 40 months in prison, followed by two years of supervised release)...
He must have paid a company to do their best to scrub him from the internet. I could only find one photo of him. It's from a 2011 blog.
:bateman-ontological: "Impressive. Very nice. Let's see Paul Allen's billion dollar fraud scheme."
Death sentence with reprieve, so not actually executed in that case (though sometimes they are)
I'm not saying I would be okay with socialism being pushed back another 20 years just to see Elon Musk become absolutely penniless and/or imprisoned over fucking dogecoin, but I would not exactly be too upset
I mean we'd have both under socialism, but yeah it'd be funnier to see him fall while capital is in charge
Wonder if this has anything to do with the doges that are all over Twitter today.
The only thing Elon loves more than securities fraud is needling people suing him for securities fraud.
Is is the kind of "fucking over other rich people" that actually gets rich people in trouble?
Elon and the prosecutor will agree on a $10k ex gratia payment with Elon not having to admit any wrongdoing.
I can just feel it in my bones.
This has been the normal operating procedure for cryptocurrency for the past however many years. We're only now going to prosecute it? After it has proven to not be the future of finance?
Literally yes, there has been actual confusion and stupidity among the two regulatory agencies involved, and the crypto shills spent a ton of effort trying to be regulated by the CFTC instead of the SEC, because the latter will actually crack skulls while the former has had officials practically tongue kissing Sam Bankman Fried and other ghouls.
Both regulatory agencies took a wait and see approach because they didn't want to be seen as galloping in on a supposedly "thriving" market and causing a huge crash by holding any of these fuckers accountable. Now that the crypto market is famously stupid and fucked and everyone lost money, they feel like they can pick at the bones.
