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It’s not satire at all when you’re scamming people out of their money.
by jshen 5y ago
It’s not satire at all when you’re scamming people out of their money.
- ALittleLight 5y agoIt seems to me like we are somehow blurring the lines of what is and isn't a scam because things like this are so obviously a scam. Suppose I see a guy on the street selling 1 dollar raffle tickets for a nearby sports car. If I buy the ticket knowing that I'm probably not going to win and there's a decent chance the guy on the street doesn't even own the car and is just going to run off - am I really getting scammed, or am I knowingly participating in a high risk and high reward bet? With the Million Token thing, he's not even pretending that the token does anything. I had honestly understood it as a comedic illustration of the uselessness of cryptocurrency. You can buy into it and if you sell at the right time you might make money, but it is definitely a zero sum game. Is this a scam? Obviously it's a scam if he promised he would buy the token at a minimum of 1 dollar and he isn't doing that. He should face whatever criminal or civil penalties are applicable if he's committing fraud. But, if he does what he said he would do, then it seems like a transparent bad odds gambling game where he gets a significant cut/advantage.