So, here we have Vinny Lingham, the internet entrepreneur, making a grand entrance on X—formerly known as Twitter, because, you know, rebranding is all the rage these days. He’s got something to say about this whole LIBRA meme coin fiasco, which, let’s be honest, sounds like a bad reality show plot. Argentina’s president endorses it, and suddenly it’s a thing? What’s next, a meme coin for cat videos? 🐱
In a tweet that’s shorter than my patience for bad coffee, he basically says, “I don’t do the memecoin economy.” And who can blame him? It’s like saying, “I don’t eat at that restaurant where the chef is also the dishwasher.” You just know something’s off. And then there’s Max Keiser, the Bitcoin advisor to El Salvador’s president, chiming in like he’s the wise old sage of crypto. Thanks, Max, we needed that. 🙄
“Memecoin economy is like gambling”
So, Lingham links to an interview with one of the LIBRA creators—because nothing says “trustworthy” like a guy who just lost a hundred million dollars in a day. The coin shot up to nearly $5, and then—surprise!—the insiders dumped their bags like they were hot potatoes. Classic rug pull! It’s like watching a magician pull a rabbit out of a hat, except the rabbit is your money. 🐇💸
This is mind blowing and why I don’t participate in the memecoin economy. It’s like gambling except the house is also cheating…
— Vinny Lingham (@VinnyLingham) February 17, 2025
In his tweet, Lingham makes it clear: he’s not playing in this casino where the house is rigged. I mean, who would? It’s like going to Vegas and realizing the slot machines are just cardboard cutouts. You’re not winning anything, folks! 🎰
Scammers don’t bother making whitepapers: Max Keiser
And then we have Max Keiser, who’s like the grumpy uncle of crypto, saying that scammers these days don’t even bother with whitepapers. Remember those? They were like the “please read” signs of the crypto world. Now it’s just, “Hey, give me your money, and I promise I’ll do something with it!” Sounds legit, right? 🙃
Remember ‘White Papers?’
Scammers don’t even bother anymore.
— Max Keiser (@maxkeiser) February 17, 2025
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2025-02-17 19:47