A Melania coin has come out as well. Some speculators have sold their shares in the first coin to get on the second one at an earlier point in the pump-and-dump

A Melania coin has come out as well. Some speculators have sold their shares in the first coin to get on the second one at an earlier point in the pump-and-dump scheme. Cryptocurrencies, in particular memecoins, are a folly. I hope that foresighted economists in nations' governments will eventually find the right frameworks to regulate them, or outlaw them. Right now, there's a group of fools out there trying to corner one another in this wild speculation, all stirred by the promise of quick gain to them by rich people holding the actual significant amount of stock (80%!!) acquired at nearly no cost. Notwithstanding the probable covert and concerted agitation by the creators of the currency to get the ball rolling and keep up a steady flow of new speculators to fork out their money, whether these speculators come out ahead or not, it can be argued that they're all asking for it: they bought themselves in out of greed. But how can one not call the one who indirectly stirred this marginal increase in greed in the world evil?