The Crypto Winter Cost People More Than Their Money | Hacker News Reader

The Crypto Winter Cost People More Than Their Money

bloomberg.com

10 pointsSirLJ2 comments

>a group stood in a circle debating what had gone wrong with crypto.

One guy blamed the large amount of “fluff” in the market, because anyone could spin a token out of nothing.

Hence, 'dogey coin' aka 'Dogecoin'

[1]>Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer,

  who decided to create a payment system as a "joke", making fun of the wild speculation in cryptocurrencies at the time.*

[1] Dogecoin : https://en.wikipedia.org/wiki/Dogecoin
Greater Fool Theory : https://en.wikipedia.org/wiki/Greater_fool_theory
Tulip Mania : https://en.wikipedia.org/wiki/Tulip_mania
Ponzi Scheme : https://en.wikipedia.org/wiki/Ponzi_scheme
'Fool Me Once, Shame on You! . . . Fool Me Twice...'
'foreWarned is foreArmed' : https://en.wiktionary.org/wiki/forewarned_is_forearmed

Oops! (sp) 'dodgy coin'

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