this post was submitted on 26 Nov 2024
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No Stupid Questions

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No such thing. Ask away!

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[–] [email protected] 4 points 1 month ago (1 children)

named after the cryptoscam

"doge" became a meme in 2010, long before cryptocurrency was a thing the mainstream were even aware of, let alone the one named after it.

[–] [email protected] 9 points 1 month ago (1 children)

Sure, but Musk clearly named his new department after his crypto scam

[–] [email protected] 2 points 4 weeks ago (1 children)

Dogecoin is also not his. It came into existence in 2013. Elon's first tweet about it was in 2020.

If anything, you could reasonably argue that both that department name and his interest in that particular cryptocurrency are based on his affinity for the same original meme. But neither the meme nor the currency belong to him.

[–] [email protected] 2 points 4 weeks ago

Just because he didn’t create the coin doesn’t mean he isn’t responsible for several pump and dump scams that he’s run on the coin.

If I pick a random penny stock and tell a bunch of rubes to buy it and we’ll all be rich, only to sell my shares when they reach a high point, that’s still a pump and dump scam, even if I have no affiliation with the company.

Musk doesn’t own the coin, but he does own the scams he pulled with it.