Comment on Internet picture of a monkey
BeardedGingerWonder@feddit.uk 2 months agoWasn’t it just money laundering for the most part?
Comment on Internet picture of a monkey
BeardedGingerWonder@feddit.uk 2 months agoWasn’t it just money laundering for the most part?
captain_aggravated@sh.itjust.works 2 months ago
and/or gambling that was shaped in such a way as to be difficult to prosecute.
merc@sh.itjust.works 2 months ago
Gambling / FOMO. The more informed people at least realized they were gambling. The less informed thought they were missing out on a big money-making scheme and that everybody else was getting rich except them.
captain_aggravated@sh.itjust.works 2 months ago
It is my understanding that’s how all speculation bubbles work. Same thing happened to beanie babies. “People are buying these because they’re going to be worth something someday…somehow; we better buy some too.”