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There is no gold rush. Nobody's actually buying these apes. They're wash trades among insiders/friends for tax evasion/money laundering purposes. Maybe a dumbas
by MichaelBurge 5y ago
There is no gold rush. Nobody's actually buying these apes. They're wash trades among insiders/friends for tax evasion/money laundering purposes. Maybe a dumbass occasionally bites, but they're not the bulk.
The market cap, volume, Github activity, PR/news are all lies; manipulated statistics because people look at them to judge credibility.
It wouldn't surprise me if the "$2.2 million theft" was friends of the owners stealing them so they could take a tax writeoff. Stolen 6 days ago, 2 days before the year ends.
- thepasswordis 5y agoBeeple is about $100M richer now than he was a year ago. That's not fake.
- qeternity 5y agoBeeple has been involved with projects which then turned around and bought his pieces. He’s the epitome of the problem.