Very very wrong. It’s for a bigger purpose to clamp down on the industry
Discussion
At least it’s called a meme coin. Memes are memes. People zap nostr:npub1lrnvvs6z78s9yjqxxr38uyqkmn34lsaxznnqgd877j4z2qej3j5s09qnw5 for memes all the time. 😏
People just need to know they’re not “investing”, and I’m afraid that’s likely not the case with most. That’s where the regs come in. Need to have disclaimers and clearly structured breakdowns. I’m thinking of the interest totals and details that are required with a loan document. Needs to be an industry standard simple and clear disclosure set that lets people see the emptiness or simply structured rules of what they’re buying. This will let people see where they’re **spending** their money, vs where they’re _saving_ or _investing_ it.
Exactly there are no disclosures or structured breakdowns. It”ll crash and Bitcoin will get swept up in the shenanigans. It’s all so avoidable and tiresome.
