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A comment on “Pump-and-Dump” schemes in Telegram groups drive penny crypto coin prices up. Parent comment

Re:“Pump-and-Dump” schemes in Telegram groups drive penny cr... by buttcoinslol on Sunday January 28, 2018 @12:27PM (#16252156)
What did you expect? Humans are greedy, full stop.

Also, governments will give up power over currency when they lose their monopoly on violence.. so .. never.

[ Parent | on HN ]
Re:“Pump-and-Dump” schemes in Telegram groups drive penny cr... by laretluval on Sunday January 28, 2018 @01:27PM (#16252518)
The whole theory of cryptocurrency economics is based on the axiom that people are greedy. Do you really think people didn't realize this? The problem isn't that they didn't realize people are greedy, in fact they believe that more deeply than most. Rather their theories about what aggregate greediness would lead to were inaccurate at least in the short term.
[ Parent | on HN ]