Teen creates memecoin, dumps it, earns $50,000 - eviltoast
Unsurprisingly, he and his family were doxed by angry traders.

Unsurprisingly, he and his family were doxed by angry traders.

  • Furbag@lemmy.worldEnglish
    13·
    3 days ago

    What I’ve learned from this article is that I should be creating memecoins because people are very gullible.

    • boonhet@lemm.eeEnglish
      3·
      3 days ago

      I’ve been considering it tbh… And I know what my target audience would be even. I just don’t know if I want to actually go through with it + if I do, I have to buy Monero with it or something so I could launder it, then somehow explain to the tax authority that I’ve suddenly got a bunch of crypto I’m selling… Though the last part might not be too bad, as long as I do TELL them that I’m selling it and want to pay taxes on it.

      • Furbag@lemmy.worldEnglish
        1·
        3 days ago

        Yeah, the tax man doesn’t care how you got it, just that they get their cut. Just don’t be stupid and not declare that income… They will know.