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Posted by4 months ago
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Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

81% Upvoted
level 1
· 4 mo. ago

Cryptodude - “The best thing about crypto is that it’s decentralized, so it can’t be regulated!”

Also Cryptodude - “No, not like that.”

level 2

It's almost like people have been led to fundamentally misunderstand the purpose of a functioning government by predators who don't want to be regulated by one.

level 2

He also wants to block Musk and his companies from promoting Dogecoin and a judge to declare that trading Dogecoin is gambling under federal and New York law.

Lmfao. Can't make this shit up.


14 more replies

level 1

Johnson is seeking $86 billion in damages, representing the decline in Dogecoin's market value since May 2021, and wants it tripled

He also wants to block Musk and his companies from promoting Dogecoin and a judge to declare that trading Dogecoin is gambling under federal and New York law.

Good luck with that.

level 2

There might be some merit to this second part as the crypto scams have gone wild. Look up YouTuber crypto scam and you'll see a bunch of millionaires pump and dumping their audiences.

level 2

You start with extreme positions and negotiate from there.

level 2

Dude just wants Elon to settle out of court for like 1 mil. I doubt he has any expectation of this going anywhere.

level 2

What fucking lawyer was like "yeah this sounds legit, sign me up!"

Continue this thread 
level 2

Trading in general is basically gambling.

level 2

Yup. Now i'm gonna sue him for 100 Trillion dollars Dr Evil voice

level 2

I agree. While I agree that Musk is egotistical, and there are plenty of other negatives to him, it's going to be VERY hard to prove that this was an intentional pyramid scheme or such.

Personally, what I'll never get, is why there's so much hate at Musk. Like, sure he's not the greatest person out there, but why go after HIM?

Why is there not a similar level of constant outrage over Ben van Beurden (CEO of Shell) or Bernard Looney (BP)? What about Jamie Dimon (JPMorgan Chase), or Jason Kilar (AOL Time Warner)?

These guys - and their businesses and lobbying - are doing far far worse things than Musk & his companies, yet the rage against them is basically non-existent.

If Musk gets us onto Mars, driving electric cars, producing more components (like batteries) in the USA again, and keeps driving new pro-sustainability and pro-human-advancement technologies, you know what? I'm fine with him being a raging asshole. I don't care. It's a sacrifice I'll make to see us as a species achieve those things. Not like he's the ONLY raging asshole multi-millionaire CEO in the USA. Hell, he's got plenty of company in California alone.

So why is he so much more hated at? Can't we focus our hate on assholes who are HURTING humanity more?

level 2

And a hug and a kiss good night every night for 5 years I bet

level 2

First paragraph: ok, maybe he’ll get something. Second paragraph: oh he’s just a crazy person, I see now.

level 2

Right. Virtual.currencies rise and fall. Investors know this.

Musk can afford an attorney … or a hundred. This guy is wasting more money than he has already list paying attorneys to write fiction for him.


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