Business
Dave Portnoy’s dumb joke says plenty about cryptocurrencies: Chanticleer – The Australian Financial Review
The ‘endorsement’ of a minor crypto coin by a US internet celebrity highlights how parts of this sector have become a little more than a pump-and-dump game.
Ponzi, Ponzi, Ponzi. Its early. If it is a Ponzi, get in on the ground floor.
Naturally, safe moon (which is from the family of off-off Broadway cryptocurrencies known as sh.tcoins) rose 20 per cent in the space of a few hours. Its up 290 per cent in the last 30 days and has a market capitalisation of $US4.4 billion ($5.7 billion).
This is classic Portnoy shtick. For those who dont know him, the Boston 40-something is the personification of the ultra-blokey bro culture that dominates pockets of…
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