I completely agree, it should be honest work providing value to others.There have always been con men who cheat others. It's sad, but true. And those scams only work for a hot minute until they are found out. It's so much better in my mind to build a business based on providing good value for a fair price. It's a matter of respect. This includes being fair and honest with suppliers, providers, professionals, and workers. Then, by acting with ethics and integrity, I can do business with those same clients and suppliers/workers again and again. In time, those relationships have become my safety net and a rich circle of friends. I'm in this for the long haul.
I have business relationships that go back for years and years. I'll be making a trip to visit an old business friend next month. He started funding my RE deals in 1983 -- 42 years ago. We've been good friends for all of those years and now he's having end-of-life issues. I'm honored to get to see him one last time. We did a lot of RE deals together when I was a young pup and I had just started "flipping" properties. He was financially independent and a retired banker. I was the "bird-dog" who found the deals. His advice and mentoring were so valuable to me. And he's just one of my long-term friends...
But the game right now with meme coins is, "Who can time the market before the rugpull"? People are trying to get in by buying the coin then wait few hours until it gains 50% or 100% returns and dump the coin on other unfortunate souls who bought the coin at a higher price assuming it will go higher.
Then the developer rugpulls by dumping all the tokens he got onto his fellow coin holders.
This is cheating and government hasn't regulated memecoin pump n dump. No laws to hold someone accountable for cheating public.
Traditional cheater/fraud is punished but crypto cheaters are not. They are multimillionaires living the dream while others who trusted them are living a nightmare.
I believe memecoin saga will hit the market sometime this year and when it does.... o boy alot of honest hardworking people will lose alot of savings.. unfortunately.
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