On October 21 2024 08:50 Navane wrote:
If flash thought he had a secret guarantee on his investment, and his fans had not on theirs, and he encouraged his fans to invest, then that was bad and deserves an apology. The fact that suit ran a meta scam and never even intended to launch the coin is not relevant. The fact that the coin never materialized doesn't erase flashes intentions.
Let's say as a public advertiser, he got paid 300k not guaranteed, just cash to advertise for this fake coin and his job was the promote it for that money. Still had no idea it was a scam, had no controlling interest etc etc etc. Does that still make him guilty of misleading? Don't individuals have a responsibility especially with an already risky investment entity to realize not only that it could potentially be a scam, but also it simply could have bottomed out if it were legit. How much is he responsible for people's risky lottery ticket "investments"?
Is it any different than a celebrity touting some product they don't use who perhaps receives half their payment in stock or those weirdo skin gambler streams where they gamble and win/lose fake money from the website to be a part of the advertisement? Now sure there is the caveat that a lot of this is kids gambling but we're not narrowly focusing on that specific thing. My point is how much is it anyone's responsibility to baby sit fucking adults? The guarantee on the meme investment changes nothing in my opinion and everyone should know that meme coins, meme NFTs, meme stocks etc are risky and have massive potential for many points of failure. And considering from what I've seen it appears that Flash had ZERO idea that it was a scam coin nor did he have any ownership over the company providing the coin, so it seems as if people are looking for a scapegoat for their own poor investing.
Beyond that, I'm fairly certain that if any one of them asked any reputable investment firm about coins and specifically new/unreleased ones they would have been alerted to the risks, not to mention a simple google search could have shown examples of specifically that scam coins or coins that went bust. Again their poor investments aren't the responsibility of anyone else. It isn't like Flash was holding a gun to their head demanding they invest in scamcoin.net.