[2013] Bitcoin May Be the Global Economy's Last Safe Haven

[TolmiePeak]

WHAT!??!?!?!?!?! Cuz bitcoiners (prob I should say HODLers or something like that) don't want no stinkin gold.
"sold in" not the same as "tethered to", whatever that means to you at this moment.

But why is it priced in US dollars?

 

[Brett]

Gold grifters and crypto grifters keep away from each other -- professional courtesy. And everyone stays away from "precious moments," hummel, collectible plates, bogus coins which aren't legal tender anywhere and similar. It's just more pleasant not dealing with wackos.

yeah, crypto grifters have got it easy, just market the "Meme coin" and the suckers send you money - $$$$ !

 

[WaikikiFirst]

why is it priced in US $

when they priced it in hot dogs, the brokers/dealers couldn't afford health insurance because they kept getting fat and cancerous from sneaking into the central hot dog repository and eating the hot dogs

 

[Brett]

when they priced it in hot dogs, the brokers/dealers couldn't afford health insurance because they kept getting fat and cancerous from sneaking into the central hot dog repository and eating the hot dogs

yeah, crypto coins can be priced in any denomination

Top Meme Coins by Market Cap​

https://www.coingecko.com/en/categories/meme-token

 

[T_R_Oglodyte]

yeah, crypto coins can be priced in any denomination

Top Meme Coins by Market Cap​

https://www.coingecko.com/en/categories/meme-token

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Reminds me of a bit from the old Rocky & Bullwinkle show - probably one the Aesop and Son sketches - about King Midas. He turned everything into gold, but then gold became so plentiful that it was worthless. Everybody had so much gold that gold was worthless. So the people switched to something that did have value - turnips.

 

[Brett]

Meme Coins Like Stir Wild Market
https://www.wsj.com/finance/trump-meme-coin-crypto-explained-c881afff

"These days, anyone can create a meme coin within minutes thanks to the proliferation of websites that specialize in one-stop token creation. Users simply need to plug in the desired names, tickers and descriptions of their tokens and pay a fee before launching their very own meme coins.

Th'e mania over meme coins all started with a Shiba Inu. Dogecoin is the original meme coin that set the internet ablaze. Its popularity exploded after Elon Musk, the Tesla chief obsessively tweeted about it. Today, it trades at 37 cents, putting its market cap at $55 billion. That is down from a peak of over $80 billion in May 2021

"One of the primary criticisms of meme coins is their susceptibility to pump-and-dump schemes in which large holders cause sharp price declines by selling more tokens than the market can absorb. The sudden drop in price of ten leaves investors with worthless tokens, an act that is known in crypto parlance as a rug pull.