115 sats \ 1 reply \ @Spartan 12 Jul 2022 \ parent \ on: If You Aren't Trying to be Money, Why Do You Need a Coin? bitcoin
No, it's not healthy to pump and dump scams on people. That is why they need to be regulated. Almost all shitcoins are coordinated pump and dumps of unregistered securities backed by marketing and vaporware. They are scams and have rekt countless people in these cycles chasing big returns on nothing more than a scam run by fucking assholes.
well if you are talking about outright scams that's another thing, so far we have been talking about "useless" tokens, not necessarily anything imoral
some level of regulation might be good, idk, so far I haven't been impressed with what governments have come up in this area
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