“Pump-and-Dump” schemes in Telegram groups drive penny crypto coin prices up

Re:“Pump-and-Dump” schemes in Telegram groups drive penny cr... by philipov on Sunday January 28, 2018 @12:46PM (#16252269)

You can't opt out of the monetary system that's been imposed on you by your govt, because your govt's desires are backed by the use of force[0]. Short of moving to a different country, paying off the enforcers, or going into open rebellion, everything else is a fantasy.

[0]: https://xkcd.com/538/

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Re:“Pump-and-Dump” schemes in Telegram groups drive penny cr... by tim333 on Sunday January 28, 2018 @01:19PM (#16252458)

You can opt out to an extent by doing stuff offshore even without crypto.

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Re:“Pump-and-Dump” schemes in Telegram groups drive penny cr... by acdha on Sunday January 28, 2018 @01:26PM (#16252512)

That’s not an option for most people and it has huge risks. Try buying anything big with no disclosed income sources or living well beyond your means and you’ll be getting caught by the people looking for drugs dealers, smugglers, etc. Most countries are pretty good at that.

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Re:“Pump-and-Dump” schemes in Telegram groups drive penny cr... by philipov on Sunday January 28, 2018 @01:28PM (#16252524)

Yes, the gist of it is, you are not beholden to the monetary system if you have a lot of money. Tautological isn't quite the right word for this.

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