I suspect people here didn’t fall for the whims of an eccentric billionaire, but I’ll bet many others got hurt.

https://www.bloomberg.com/news/articles/2023-04-06/dogecoin-falls-as-much-as-9-twitter-drops-meme-for-home-button?leadSource=uverify%20wall

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Good. They should learn eating shit is bad for your health.

Original nostriches are antifragile

If Elon profited off this stunt I hope they nail him

Rugged Again. 🫠

I totally agree with you Jeff! It’s really sad that people get hurt in the process. Ultimately truth wins. Ultimately true value wins.

🎯

Dogecoin unlimited supply makes it worthless in the long run.

He pumped his bag and dumped his shit on retail.

Tbh many people around me took his doge shit seriously.

Wonder when someone will investigate Elon and these shenanigans at some point.

There is no doubt he loaded up before releasing that.

When the money is broken, it forces people to be gamblers instead of savers. With inflation roaring, people are looking to make a quick buck. This is why you often hear people say “Bitcoin is too expensive” and opt for ALt coins instead looking for a moonshot. 🤷‍♂️

His sycophantic inner circle probably did all right from the pump and dump. Such an arse!

"It's a hustle"

Yeah, dogecoin. That was a hard pass (again) 🤣😂

Final push I needed to go nostr only

To be clear I think some of his companies are doing amazing and important work. Having said that, some of his apologists thought it was funny and applauded him having fun. Problem is, the joke isn't so funny (and it hasn't been for a while) when real people end up getting hurt.

A great excuse to finally delete my twitter account. I'm here for the future, not fiddling with the dials on the titanic.

And to think elon likes it :(

The shitcoin promo was the final push I needed to switch to Nostr

Hasn't he got sued for something like this last year already?

CFO: Elon we don't have rent money.

Elon: YOLO Doge

CFO: What?

Elon: We are rug-pulling the plebs

Good point. I love listening to your interviews. It would be great to hear you and Mr. Musk have a discussion. I’m here on Nostr because of you and I just checked out the zapping function. Very exciting!

Welcome and zapped!

Very cool. Thanks!

Welcome to Nostr ser, followed and zapped.

Say hello to the folks on #plebchain for more nostr frens 👋

Appreciated. Exciting beginnings and so much to figure out!

Many have been hurt each time him, Cuban, Gary Vee, and others post stuff about shitcoins only to dump on them or their friends dump on retail.

It’s really a shame that instead of promoting a new, positive paradigm, he peddles dogecoin

Conspiracy theory here:

Musk pushes shitcoins in deference/collusion to/with the US government. He gets US gov contracts. Fedgov gets noobs and marks to buy on shitcoins cuz Musk promotes them.

Eventually the marks get rugged, cry out to US gov for redress, and BTC gets painted with the wide brush and onerous regulations/taxation comes to BTC. BTC price tanks, setting back US adoption for years.