merridew@feddit.uk to Technology@lemmy.worldEnglish · 1 year agoBuyers of Bored Ape NFTs sue after digital apes turn out to be bad investmentarstechnica.comexternal-linkmessage-square123fedilinkarrow-up1561arrow-down125cross-posted to: technology@beehaw.org
arrow-up1536arrow-down1external-linkBuyers of Bored Ape NFTs sue after digital apes turn out to be bad investmentarstechnica.commerridew@feddit.uk to Technology@lemmy.worldEnglish · 1 year agomessage-square123fedilinkcross-posted to: technology@beehaw.org
minus-squarefubo@lemmy.worldlinkfedilinkEnglisharrow-up76·1 year agoNeither side of this looks good for crypto bros. One side says, “This was a ripoff; you knew it was a ripoff when you sold it to us.” The other side says, “This was a stunt; you knew it was a stunt when you bought in.”
minus-squarefubo@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·1 year agoSure, but when the very existence of the market depends on idiots losing money, we call that “fraud”.
Neither side of this looks good for crypto bros.
One side says, “This was a ripoff; you knew it was a ripoff when you sold it to us.”
The other side says, “This was a stunt; you knew it was a stunt when you bought in.”
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Sure, but when the very existence of the market depends on idiots losing money, we call that “fraud”.
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