this post was submitted on 17 Aug 2023
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Neither side of this looks good for crypto bros.
One side says, "This was a ripoff; you knew it was a ripoff when you sold it to us."
The other side says, "This was a stunt; you knew it was a stunt when you bought in."
"Yes your Honour, I knew it was a pyramid scheme. But I never thought I would be the last buyer. I always thought there would be another dumbass to buy it from me at a higher price, otherwise I wouldn't have bought it in the first place. I'm not stupid, unlike those last buyers!
Moreover, your Honour, on a technical note, this is not a monkey. You see, a monkey is different from a monke, and both..."
Sure, but when the very existence of the market depends on idiots losing money, we call that "fraud".