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The Crypto Winter Cost People More Than Their Money
- Trouble_007 3y ago>a group stood in a circle debating what had gone wrong with crypto. One guy blamed the large amount of “fluff” in the market, because anyone could spin a token out of nothing. Hence, 'dogey coin' aka 'Dogecoin' [1]>Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a "joke", making fun of the wild speculation in cryptocurrencies at the time.* [1] Dogecoin : https://en.wikipedia.org/wiki/Dogecoin https://en.wikipedia.org/wiki/Dogecoin Greater Fool Theory : https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory Tulip Mania : https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania Ponzi Scheme : https://en.wikipedia.org/wiki/Ponzi_scheme https://en.wikipedia.org/wiki/Ponzi_scheme 'Fool Me Once, Shame on You! . . . Fool Me Twice...' 'foreWarned is foreArmed' : https://en.wiktionary.org/wiki/forewarned_is_forearmed https://en.wiktionary.org/wiki/forewarned_is_forearmed
- Trouble_007 3y agoOops! (sp) 'dodgy coin'