Hacker News Reader

I like seeing DOGE doing well. It has never been advertised as anything other than a meme so it's pretty funny watching it get memed into a huge pump. Compared to 99% of other crypto projects it makes no daft claims and doesn't advertise a new "partnership" every week.

View on HN

It actually seems curious seeing some sort of link between meme power and money. Reminds me of whuffie.

Still not sure who is spending money on the joke, but think it’s cool to see internet world/real world crossovers.

I don't like seeing a fun joke turned into a scam to rip people off.

How is it a scam?

It depends on your interpretation, since there isn't a single actor involved. If you think everyone who buys into it knows what's going on (that it's a pump, and that the last people in are going to be the bagholders), then I'd argue it's not really a scam because there isn't deception going on (IANAL, THIS ISN'T LEGAL ADVICE). On the other hand, the posts I've seen definitely are not mentioning the risk aspect, and are advertising it as a get-rich-quick scheme. In that sense it's a scam.

Reply on news.ycombinator.com