Seen the story at coindesk before here earlier.. i posted similar over there as below lol
It's a ponzi scheme that took off and went out of control and there for will be cloned to death more and more since it was proven to be a successful pyramid scheme.. Copy Github repo and change name and icon and rinse repeat endlessly and hope one of them takes off like Doge coin did is precisely what the cloning coin spammers intended. Then to their surprise it took off so they had to quickly add dummy services to it.
And the only reason it took off was because October noobs showed up to flash mine it.. if they were around earlier it would have been another coin that took off..
It's vicious cycle of pyramid schemes that is spiraling out of control and taking more and more peoples money and new users to rip off will run out and slow to a trickle combined with looming regulation etc
The guys bragging about their Lambo's from scamming with Doge coin or AUR etc are forgetting that people who are on the bottom of a ponzi scheme get ripped off.. it's how they work.
And the clone coin supporters will do a magical vanishing act later on and accept no responsibility for killing the entire Alt scene and maybe taking Bitcoin down with it too. (Killing as in it *could have been something cool but will never be now)
Sadly i have watched various sites online say Bitcoin is a Ponzi scheme for a year like a broken record and now we have a growing amount of real ponzi schemes swirling around BTC and tied to it such as Dogecoin.
It makes me sick when places like coindesk or whom ever talk about crypto and mention the big three as BTC, LTC and Doge.
Utterly ridiculous..
You'll all deal with the consequences of the mess ..sooner or later.
I have traded some bad coins before but Doge fuck tards and that Reddiot CEO are the sort of faggy douches i would like to hold under water.
so no i refuse to take part on this sickening pathetic piece of shit of a scam coin. (it's a spray and pray coin scene hoping one clone will hit)
My issue is how do scummy pathetic shit coins get off the ground.. not about trading them once they take off.
The fact that this faggy meme coin is consider a part of the big three crypto currencies is mind boggling.
I think of this like giving a homeless guy a ton of money.. guess who is going to be camped out side your house for eternity ?
I too am guilty to some extent in getting involved with shit coins but i am honest about them here and across the globe.
And i know any i take part in is going to contribute to the scene spiraling down the toilet.
That CEO is king of the Reddiots a moron pushing cancerous garbage clone coins for some agenda / ulterior motive clearly.
Congrats Doge coin supporters.. you sold out and in the process made all of us a look like assholes as well as Bitcoin itself.
If you were smart you would have been thinking of long term consequences and the fact you would make far more than shorting the system for quick cash now..
It's like winning the lottery and saying i will take 250k now instead of I'll take payments over a year for 1 million.. hope it's worth it to you guys.
When i showed up on this scene i had hope it would go forward.. i have none now and for some time.
We could have been improving the scene instead of making it worse by attracting a higher quality of user, miner and investor.. instead of greedy stupid Doge fucktards.
You think those meme jpg's posted across the net is attracting professional people ? heeeeeeeeeeeeeel no.
What could have been is what i think of Crypto.. but greedy faggots ruined it and now we slide down down down doooooooooooooown
I'm sure the pic below will be the perfect way to attract
investors /
users more Ponzi scheme victims ..Benri Madoff would be proud of you guys.
