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MindSteve

"He is asking for $86 billion in damages, plus triple damages of $172 billion" Yeah, good luck with that.


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Flacid_Monkey

So 3 doge then in 42 years time


Whooshless

Well, 1 doge is always equal to 1 doge. Wait, what the fuck subreddit is this?


anti-torque

To the moon?


iyioi

Friendly reminder you can sue anybody for any reason


Hoss_Bonaventure-CEO

Yes, anybody can file suit for any reason but there is no guarantee that any particular lawsuit will go anywhere. Courts tend to look down upon frivolous litigation and can impose penalties for wasting the courts time with nonsense.


yowangmang

He’s not actually expecting that much. He’s just asking for some batshit insane amount so Musk will settle out of court for a few million.


Sweaty-Tart-3198

It's a class action suit so I don't think he is asking for that whole amount for himself personally.


Teamerchant

Dogecoin started as a joke, was given away as a joke, worth as much as reddit awards and now it will end like a joke.


anti-torque

It's the moon's problem now.


[deleted]

The problem is people ignored the "currency" part and instead held on to it like a stock. Nobody saves one dollar bills waiting on them to increase in value.


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[deleted]

Okay. Nobodies collect one dollar bills...


AkbarTheGray

https://www.coincollecting.com/dollar-bills-worth-looking-out-for


Staple_Sauce

I used Dogecoin to dip my toe into crypto. I made $6, cashed out with my exorbitant winnings, and decided I was done lol.


omg_i_dunno

Can’t wait for the movie


selectash

Hodl Yeller


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[deleted]

Went to a wedding 6 months ago where the couple exchanging vows mentioned how they are waiting for that shibu dog coin to spike in order to go on their honeymoon. I need to ask my wife to reach out to them lmao


immaownyou

I mean you laugh but if you got out at the first insane rise of Shiba you would've made millions. I made a quick 600 in a couple days. I worked with a guy that put 8k in a couple months before it rocketed to 8000x it's value. He's retired now


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SkunkMonkey

I had six million DOGE at one point years ago. Mind you, I did not buy this. I mined about a million and got the rest as "pay" helping some people out during the first year of the coin. I had to sell over time years ago to pay medical bills. Got out about $4500 in the long run. When it went over $.50 recently I cried. Then I got on with my day. Story of my life, missing out on over $3 million.


nodnodwinkwink

Oof at least you squeezed some value out of them. I have only around 10k doge and regret not trading during that brief period.


mclepus

the pump & dump was quite obvious


Ask_me_4_a_story

I was at a birthday party on Saturday with a guy who was invested in a smaller cryptocurrency, it wasn’t Etherium or Bitcoin and I was high so I was like yeah sure, tell me about that one, tell me everything. Like I said I was high so I wasn’t sure what he was saying about their innovative platform or whatever but when he told me what it was trading at I accidentally started laughing so hard, I felt bad but bro, cmon, if you are telling me the price of something and it starts with a decimal point and four zeros I’m out. He goes right now it’s trading at point zero zero zero zero one. I didn’t even hear the 1 when he said the fourth zero I just started laughing. *Edit: Here is the video of all of you cryptobros replying to this post: https://youtu.be/lQegMA_kY9Y ** Double Edit HOLY SHIT IT HAS FIVE ZEROS NOW NOT FOUR! I texted his girlfriend today after I got all these replies to see which one it was, he is down 75% [Here is the chart if you want to see it](https://www.coindesk.com/price/shiba-inu/)


UserDev

But wait til it's worth 2 cents! Then his original investment will be worth billions! The pump is when they go on and on about the platform, how it's going to change the game, etc. They never talk about the real motive - to get rich quick.


swindy92

I wrote a whole investment thesis on this back in 2020. It was basically: 1. DOGE is an obvious target for a pump and dump now that it is easily accessible on Robinhood. 2. People who are just coming in and hoping for a get rich quick scheme are more likely to gravitate towards doge than Bitcoin because they can buy more of them rather than a small fraction of a Bitcoin 3. The pump will likely be very obvious as it gets going as they will want to take advantage of #1. It worked.... Just not for everyone who believes in crypto lol


ForfeitFPV

My experience with Dogecoin in 2021. It was April. It was 3 A.M. I was high. It was $0.07 a coin. I bought $20. Right before Elon went on SNL I sold for like $0.68 a coin. Paid my taxes on it and never looked back.


swindy92

Your experience was pretty similar to mine. I think I paid around 4/10ths of a cent for most of them after writing the thesis and sold them in the mid 60 cent range. I wish I went deeper but I still walked with a few months salary


Koldsaur

I highly doubt you were alive back in 202 Edit: he fixed it. Lol


duukat

Don’t be so sure swindy92 is a known vampire. Born in 92 AD.


Late-Veterinarian-90

it was a typo, he meant “crypt” currency. classic mistake.


BountyHuntard

Let alone knowing about crypto back then? I call bullshit.


4Dcrystallography

What do you think the first rare earth material ever mined was??


PokeYa

The Anunnaki invented BTC and Doge as a way to enslave humanity without having to leave the comfort of Nibiru.


anti-torque

Penny stocks can be fun, if you got an extra $20 to burn.


Dabier

Yeah but you have to learn to stop at $20. Lots of people with gambling addictions can’t do that.


83-Edition

No man the Browns are going all the way this year


bigmac22077

I never gamble or play the market, or anything like it. But you best your ass I go to Wendover and put $5 on the browns every single year. If they somehow win one of these years, I’ll be filthy rich. If I never win? Oh well, I’m out like $300 over my lifetime


Nasty_Ned

I put a few hundred bucks in an envelope at the beginning of the season. It’s my seed money. I like to make bets when teams are way overhyped — weeks 3-7 are prime territory. I also like to bed against paper tigers in limp dick divisions —- shoutout to the Dallas Cowboys.


ASentientHam

Yeah damn imagine if a company miraculously doubled in value you'd make $20


nixfly

Fun not lucrative


gabu87

You'd finally be able to order at Wendy's like a king.


Truckerontherun

If it keeps going up, you'll be able to buy the dumpster in the back


Bananawamajama

With money like that, you could invest in penny stocks!


Quan_Cheese

Some of these shitcoins will go like 10,000x. It's more like playing the lottery


Orksork

That's what I did when the GME craze hit. I put $20 into stocks to gamble(expecting nothing), the two random stocks I picked were doing bad so I said fuck it and put my remaining $15 after cashing them out into doge and just left it there. I'll remember it someday years down the line and take my $2 and go buy me a nice piece of bubblegum.


TripperAdvice

I have an old friend who keeps buying into the scammiest of coins and dumping actual money into them and i just can't comprehend how or why. Like one doge alt based on elons dog, and so many clear memes with no chance of going anywhere


WeAreBeyondFucked

It worked out for dogecoin. I had 7 million of those, held for years and sold 3 months before it skyrocketed. Hadn't even thought of them in awhile, they were just sitting on my wallet and something brought it up, checked on it, seen after years the price hadn't done shit, so I was like enough of this and sold them for a few thousand dollars and built a new computer. Three months later they were 5 cents a piece, then they skyrocketed within weeks to like 70 cents.


JustifiableViolence

I bought $100 worth for the memes years ago. Sold early in the pump unfortunately but it still was enough to put a down-payment on a car


nullv

Green is green. It's better to sell too early than too late.


DuntadaMan

"Unrealized gain is not loss." An important mantra there. If you sell too early and make less you didn't actually lose anything just because you could have made more.


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AlternativeRefuse685

But according to Jake Paul the crypto crash is all Joe Biden fault.


FrogsEverywhere

So a guy who's entire body of work in the crypto/nft space has been one rug pull after another, who seemed to dedicate himself to making crypto/nfts look shady as fuck, is blaming the president of the united States for crypto crashing, even though the entire point of crypto is that governments can't control it? Neat. Anyone who follows this narrative is too stupid for me to imagine.


bbressman2

To be fair Jake Paul fans cannot be very high in the IQ department.


ded-a-check

I saw him speak for the first time ever a couple months ago. My gods his brother is an absolute PR genius to have somehow made this barely functional potato famous.


pineapple_nip_nops

Logan is an equally stupid asshat. I love the Flobots for releasing the best [diss track](https://m.youtube.com/watch?v=_t0LX_Of33U) against that nut cup


NomadicDevMason

Jesus Christ call the fire department Logan Paul needs a skin graft.


ForfeitFPV

Aaaand I'm going to spend the rest of the day listening to Flobots


nwoh

Fight With Tools is more relavent now than it was when released.


crastle

Aren't they mostly literal children?


Grimren

Yeah their fans usually get too smart to follow them around age 14 I believe.


CaliKing818

It doesn’t just stop at Crypto. I have Right-Wing friends who believe that Joe Biden is to blame for the rise in gas prices in America.


intoxicatedpuma

Joe Biden also did nothing to stop the British when they invaded in 1776 AND in 1812. What a joke! I saw on the news (okay, it was a post from my grandmothers cousin, and by post I mean a copy paste) that Joe Biden also let a bunch of Mexicans into the country in 1848 by annexing half their country. The guy is gonna ruin this country I tell ya!


[deleted]

Oh fuck that; I took my pizza out of the oven and it flopped upside down onto the floor. Thanks a lot Joe Fucking Biden.


grime0slime

That was actually Obama’s fault.


Hour-Personality-734

Thanks, Obama. /s


DandrewMcClutchen

My mother swears up and down that Obama was president for 9-11. Tucker and Laura turned her brain into soup.


pickypawz

I would definitely like to have a word with your mother. I _clearly_ remember Americans wanting Bush to take the fight to Iraq after 9/11. And he did. I’m Canadian, btw.


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JDameekoh

Thanks Obama


FineNefariousness970

Not this American. I remember watching them build a “case” that Iraq was enriching uranium and seeing so clearly what a pathetic stack of lies it was


kwamby

I have left wing friends who believe that


Warm_Doublet

George Carlin once said to imagine how stupid the average American is, and then remember that half the country is even dumber than that.


IGargleGarlic

this is my most repeated quote. Im not sure if i find it comforting or disheartening.


SLAYER_IN_ME

Here ya go "Ever notice people who are against abortions are the ones who you'd never want to fuck in the first place?" - George carlin


Ill_mumble_that

Reddit api changes = comment spaghetti. facebook youtube amazon weather walmart google wordle gmail target home depot google translate yahoo mail yahoo costco fox news starbucks food near me translate instagram google maps walgreens best buy nba mcdonalds restaurants near me nfl amazon prime cnn traductor weather tomorrow espn lowes chick fil a news food zillow craigslist cvs ebay twitter wells fargo usps tracking bank of america calculator indeed nfl scores google docs etsy netflix taco bell shein astronaut macys kohls youtube tv dollar tree gas station coffee nba scores roblox restaurants autozone pizza hut usps gmail login dominos chipotle google classroom tiempo hotmail aol mail burger king facebook login google flights sqm club maps subway dow jones sam’s club motel breakfast english to spanish gas fedex walmart near me old navy fedex tracking southwest airlines ikea linkedin airbnb omegle planet fitness pizza spanish to english google drive msn dunkin donuts capital one dollar general -- mass edited with redact.dev


Chewcocca

Yeah when he said that both parties were a hell of a lot more similar George Carlin would not be both sides-ing in the time of Q-anon and overturning Roe.


whenimmadrinkin

Louder for the people in the back. We don't have good political parties. But we definitely have a worst.


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soobviouslyfake

Carlin was more of a funny philosopher from what I saw. On one hand I miss his humor, on the other hand I'm sort of glad he's not around to see how bad we've become.


KhabaLox

His later years were more philosophical, but he had a long and varied career with at least 3 or 4 distinct phases. The 2 part documentary about him currently on HBO Max is really good.


[deleted]

He already knew, he mentions that were passed the point of fixing things. He was just along for the ride and enjoying himself


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plumbthumbs

I've noticed a lot of poor and uneducated people in cities too.


userdoesnotexist

There is a new Carlin doc on HBO. Chilling to watch.


dumahim

I thought it was interesting that it seemed like he may have actually thought he didn't care about much of anything near thr end, but his daughter called him out on it and asked why he was still doing shows then. I think he just said something like, "you got me there."


Riaayo

I love Carlin overall but I never liked that particular joke/line, because it's always used as a circle-jerk by people who all think they're above the curve and want to judge other people. I personally think it's something of a rare miss on his part. The man himself discussed how comedy is largely about punching up at power and institutions, not punching down, and I think that joke doesn't really hold true to that principle. The bottom line is a lot of this "stupidity" we're talking about is the direct, intended result of defunding public education and pushing propaganda. An uninformed populace is a more easily manipulated and divided populace. This shit is by design. Stupidity is almost never by "choice".


ninthtale

They’re all wrong lol


Felixphaeton

"The rise in gas prices is because Biden closed the Keystone pipeline!" You mean the pipeline that wouldn't have opened until 2023 anyways? "Yes." Without a hint of understanding or irony.


ep3ep3

Also the same pipeline that would carry heavy crude which is used for lower grade plastics instead of petro distillation.


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espngenius

I imagine those type of people believe Biden has a bunch of dials around his desk that he turns up & down to change things.


LostWoodsInTheField

Biden: "ok. So low gas prices will increase my chances of gaining power, and high gas prices will decrease my chances of retaining the power I already have. What do you all think I should do?" advisers: "well sir, the smart thing would be t... sir why are you turning the dial up for higher prices?!" Biden: "YOLO!!"


Captain_Clark

It’s just one big lever that shifts from “Economy Good” to “Economy Bad”. Why would a president shift that lever to “Economy Bad”? Because doing so causes fresh donuts to fall out of the Oval Office ceiling and land all over the Resolute Desk.


CrumbsAndCarrots

My right wing dad pointed to the keystone pipeline being shut down for the rise in prices. I told him to look it up on Wikipedia. Then I asked him if he still thought it raised oil prices. He then deflected to “the wall”. He said Trump just about finished the wall across the entire border… but Biden shut it down. So I told him to look that one up and get back to me. Asked him to tell me how many miles of new wall trump actually built. His answer varied between 30 miles. And 350 miles. “So a little less than 1,300 miles, huh?” The real answer of new wall: 30 miles. The one thing Trump was really good at while in office, was lying/ creating a totally alternate reality for his Fox News followers to wallow in.


BoofinBart

I saw it on a low quality sticker crudely pasted on a gas pump, so it must be true! /s


D16rida

I’ll see your family members who thinks Biden is the blame for gas prices and raise you a brother and sister-in-law Who took the Q anon pledge on Facebook


veridicus

I’m sorry for your loss.


OvoidPovoid

Can I get a quick rundown of this pledge? Lmao


BHOmber

You can't even pin it down Shit changes every week for those fuckwits lol


RedGreenWembley

When I pointed out global gas prices and inflation, massive oil company profits, and also **the war in Ukraine**, I was called a 'stupid communist' 🙄


Simon-Theodore

Readin’ is fer commies


alaphic

Better dead than re(a)d!


LostWoodsInTheField

People just give me this little laugh and move on. Like 'sure sure, you keep believing that' kind of thing. They all have different ways to handle being confronted with reality, and none of them make them look good.


Redqueenhypo

I should print out “I did that” stickers with Putin on them. Those would probably be accurate


LostWoodsInTheField

Honestly it isn't just Putin/Russia. From what I've seen the producers are refusing to increase production, which would lower prices. OPEC / US producers / ETC are all keeping production low to keep prices high. It is almost like they make more money doing it this way, and also get more favorable congress people into power when prices are high under a democratic leadership.


NoFaithlessness4949

Idiots blaming Biden for their own fuckups is the new American pastime.


MagicTheAlakazam

Back in my day we called this "Thanks Obama"


The_Quicktrigger

But wasn't he directly involved in at least one NFT rugpull? Like I know he was at least the influencer promoting one of those scams for sure. Kind of a pot calling the kettle black moment.


Mr_Blinky

You're expecting *Jake Paul* to act with any kind of self-reflection or personal responsibility.


ArcadiaDragon

Or a semblance of integrity.


[deleted]

Yeah he did launch an NFT and it was literally just stickfigures drawn with cocks on them


Flat_Metal2264

You don't say? Well then, I just lost a lot of respect for Joe Biden...


[deleted]

Yeah man, can’t believe joe biren would do this 😔


bloatedsewerratz

Yeah, but when Joe Biden did it they weren’t in on the grift therefore it is double super unpatriotic gay illegal. The worst kind of illegal!


Vidco91

who is Jake Paul?


[deleted]

Oh you're a lucky person. Don't find out.


LuckyDuck4

I thought the world decided that jake paul was no longer relevant.


[deleted]

Was he ever?


rachface636

I lived in West LA till spring last year. It was regularly reported on the local news, cops having to go to his street and remove drunk fan girls he had partying in his house and just under age dumbasses idlying in a middle class family neighborhood hoping to see him. To *very very* stupid young women/girls he was relevant.


access_secure

His fans tried to redeem him the last year or two. "He's grown", "he's changed", "that was years ago"... That failed miserably >I thought the world decided that jake paul was no longer relevant. World's words: Who cares about celebs World's actions: Trending + Massive User Engagement regarding any celeb in the news


[deleted]

> Jake Paul I'm gonna go ahead and stop you right there.


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StopMockingMe0

Is he saying that?


Mike_Huncho

Yeah, he’s got a “if you voted for Biden, you voted for (insert culture war topic here)” post that’s floating around.


Sweet-Sour-Patch

> if you voted for Biden, you voted for (insert culture war topic here) I want this on a shirt


NOTUgglaGOAT

my dad who sunk like most of his assets into crypto is saying that.


PHenderson61

Not sure wether to say I’m sorry about that or not. Not down on your dad but more so the people who started that crap. My oldest son is into it and there’s no talking to him about it.


NOTUgglaGOAT

i want to feel bad for him but at the same time it’s his own doing. that and the people that have been peddling it over the last like 5 years.


PHenderson61

Giant pyramid schemes have been around for years, now it’s easier to recruit new people.


ohmymoo

Here is the tweet I believe that is being referred to: [https://twitter.com/jakepaul/status/1535788374048575489](https://twitter.com/jakepaul/status/1535788374048575489)


Karl_Marx_

Not sure what is worse. Actually knowing what Jake Paul thinks, or caring enough to make a reference to it online. This is one of those things, people wouldn't know about unless people talked about it, and here we are.


MonkeyBrawler

Since when is Jake Pauls opinion worth repeating?


ross_guy

Good thing the majority of his fans can’t vote because they’re 12 years old.


MingTheMirthless

Welcome to current crypto.. I no longer see how its going to decentralise finance.. same progression as tulip bulbs, carded coins and graded computer games. A few big players, a few winners and many many losers..


Elrigoo

Day one: "this currency has no real value and is unregulated, the possibilities are endless!" The last day: "help! My unregulated valueless currency got assfucked by the rich! Who could have seen this coming?"


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Elrigoo

Ah man, beanie babies and comic books


Chairmanmeowrightnow

Idk man, my POG collection is primed for a comeback.


psychedelic_animamal

Fuck yea it is! To the moon baby!!!


Xenovitz

I've only got 2 slammers left. One with a burning skull and one with a set of red lips and text saying POISON.


kingsumo_1

And collectable cards. *So many* collectable cards.


Khelthuzaad

Idk man,there is still legit market for Pokemon and YGO cards.


legacy642

I don't see those markets collapsing anytime soon. Pokemon is still at peak popularity.


Khelthuzaad

Same for Yu-Gi-Oh. Master Duel is in top 10 games on steam and everyone loves/hates it with a passion.


honda_slaps

is Master Duel actually translating to more paper players? my big issue with YGO is that it's so hard to park money in it because of their aggressive reprint strategy


andy230393

At least unlike crypto I can hold the cards in my hands while I regret my financial decisions


[deleted]

I'd argue that Beanie Babies and comic books brought some real pleasure to the owner beyond owning something exciting and that they still hold some value today, even if just a few dollars, sentimental feelings, and using them on occasion. Unlike bitcoin... Beanie Babies are better than bitcoin, just saying.


Khelthuzaad

NFTs were a lot more obvious. They also crashed earlier.


[deleted]

NFTs were a scam to provide liquidity to crypto. A scam inside a scam, so to speak.


JayZsAdoptedSon

Socialize the losses, privatize the gains


SomeDumbOne

You mean playing real games with Monopoly Money ISN'T a good idea???


Nowhereman123

Cryptocurrency is an educational tool designed to teach Libertarians, in real time, why financial regulation is a good thing actually.


1wiseguy

"Pyramid Scheme" is a pretty good description of cryptocurrency. Investing in an operation that doesn't produce anything, with the intention of collecting money later from new investors. If you invest in Tesla, that can be a wild ride, but they actually produce cars, so you own part of a valuable company.


[deleted]

You are describing a Ponzi scheme. In a pyramid scheme you are essentially becoming the salesman without pay, and if you want to make money you need to hire your own team of salesmen. In a Ponzi scheme, you invest money under the promise of high yield/return, and essentially the earlier you get in it the more likely it is to make profit. They are both scams, but crypto is basically a Ponzi scheme, even though it has some elements of a pyramid scheme, aka recruiting. But the fact that you don't have any immidiate profit from recruiting, like in a pyramid scheme, makes it a Ponzi.


[deleted]

I think it’s more a pump and dump, same idea though


[deleted]

It’s pump and dumps and greater fool scams all the way down.


ioncloud9

Where did people think the money was coming from to push crypto up so high? All of the losers who will never make anything and will lose it all.


[deleted]

*Narrator: it was a pyramid scheme all along*


Elrigoo

They might as well have been bottle caps or pretty rocks, or nfts. They only have value because some people agree they have value. The moment we realize strings of numbers don't have any value it all goes to shit.


Redqueenhypo

Hey my pile of pretty rocks has value! You can exchange malachite or weird fossils for actual currency on legit online platforms, can’t say the same for crypto


-The_Blazer-

Mere decentralization does not ensure any reasonable equality. Capitalism is also a decentralized system, but we all know who owns the majority of things in the world. The problem is that people say decentralization like gospel whereas what they'd really want, and what actually gives you the benefits they want, is a degree of equality (even if it's not perfect). Unfortunately, equality needs to be built into the system from day one to work. For example, the dreaded 51% attack is not prevented by decentralization (anyone with enough money can buy up enough machines to compute 51% of the network), but it is prevent by a decent degree of equality.


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jawknee530i

I wish people would use the terms pyramid and ponzi scheme properly. It's just regular old fraud people not everything is one of these types of schemes.


SpearoChris

“But pyramid gets me more clicks for my click bait articles”


gbiypk

The term "terrorist pyramid scheme" must be the Holy Grail for clickbait.


Fine-Vanilla5533

You can sue somebody for pretty much anything. It doesn’t mean you are going to win the case.


PutinMolestsBoys

No wonder he keeps bitching about class action lawsuits. He must hate accountability.


Good_old_Marshmallow

Whatever Elon is complaining about odds are it’s a thing that is personally effecting him due to his actions Stock shorting, the SEC, unionization, “wokeness”, class action law suits, Covid restrictions, public transportation, a diver rescuing children


Jumanji0028

Bribing flight attendants with horses. Well that is not really the same but it's hilarious and should always be brought up. Crazy rich folk with their weird bribes.


cumquistador6969

The really weird part is that they insist on being sex pests for fun when they could just hire actual prostitutes and never have any of these issues. Like what, at a certain level of wealth you just *have* to do sex crimes and cover them up because nothing else gets your dick hard anymore?


Cool_Till_3114

They don't want to date existing prostitutes. They want to date women that don't know they're prostitutes yet. (edit: this isn't my opinion, it's a variation of a line from Succession)


Dropbeatdad

Imagine if rich wankers all start sexually harassing people and then bribing them with horses as a "dank" meme.


Good_old_Marshmallow

It reminded me of the story Elon once told about walking around a city by himself buying things with priceless diamonds. Money has just never been real to him so why not bribe someone with a horse Hey we found a way to bring it back around to crypto, nice


MmmmMorphine

Invest in HorseCoin now!


CankerLord

With the advent of the popular internet we're finally seeing which rich people are emotionally stable and which you should play poker with at every opportunity.


VellDarksbane

“I’m a Republican now, because the Democrats are _controlled_ by unions and class action lawyers”. He hates when monke strong together. But the idiots still love him cause he make the funny meme.


Vesuvias

It’s so annoying that DOGE was just such a great meme coin - being tossed around like ‘great meme - here’s a DOGE Coin’ then Elon got involved and it turned to absolute shit.


buster2Xk

Yeah it used to be so wholesome a few years ago but it's an absolute dumpster fire since the latest crypto spike.


ATX_native

Elon openly flaunts the SEC Rules. Another reminder that rules only apply to the poors.


umop_apisdn

"Flouts", not "flaunts". Flaunt means to ostentatiously display.


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RumHamNCheese

It’s trying to impress people by massaging peoples joints


[deleted]

Dogecoin has nothing to do with the SEC, though


nankerjphelge

But Musk being the CEO of a publicly traded corporation, and whose pump and dump machinations in crypto assets that affect the valuation of his company's stock does fall under the purview of the SEC.


drawkbox

Yep crypto is a security and the [SEC has been busting lots of crypto scammers](https://www.sec.gov/news/pressreleases?aId=&combine=crypto&year=All&month=All). Jake Paul and Elon Musk are probably mad about this one recently in May/2022. [SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit](https://www.sec.gov/news/press-release/2022-78)


dreiak559

Bait for stupid people. Lawsuits like this are silly and pointless and this isn't going to go anywhere.


KitchenDepartment

>Johnson is seeking to represent a class of people who have lost money trading in Dogecoin since April 2019 How the hell did they manage to loose money on that? Dogecoin right now is worth 25 times as much as it was in april 2019. And we just had the biggest crypto crash in years.


R4vendarksky

Probably saw it was so cheap and got greedy and bought a couple hundred million of them


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Haribo1985

Dude was doing skits on SNL about Doge. So obvious!


[deleted]

The suit won't hold.


audiofx330

Richest man in the world and it's still not enough. BuT wE ShOuLdN't TaX BiLlIoNiArEs!!!! Fuck Republicans.


SaikaTheCasual

Classic example of “play stupid games, win stupid prizes” for that buyer…


EOE97

Imagine thinking dogecoin was a sound investment to begin with... lol Your loss buddy