Comment by victorbjorklund
11 hours ago
But people do. There are people who genuinely think crypto is an investment. Yes, smart people knows it is just a grift and that it is just about selling it on to the next person before it crashes. But is it moral to make money on stupid people? Many people lose all their money on gambling even if we always known gambling is a loss.
> There are people who genuinely think crypto is an investment.
Sure! Are those people buying bags.fm tokens? Probably not.
This isn't even marketed as an investment https://bags.fm but a crowdfunding tool for developers with a casino attached.
You don't have to be smart to read the big text on the website.
Yegge write a blog post for his readers where he called it an investment and hoped the investors would get “filthy rich”.