Do Crypto Degens Care About Being Scammed?

Do Crypto Degens Care About Being Scammed?

What’s the Meta? With the rise of Pumpdotfun and rug pulls becoming a daily occurrence, why do crypto degens keep investing? Do these investors enjoy being scammed? It appears that people very often invest in meme coins that are very obviously going to rug pull. Once it happens, they just laugh it off on Twitter, is being scammed fun?!

Ryan and Reza attempt to answer why crypto degens invest in such risky assets, if we should feel sorry for rug pulled degens, and explore the concept of financial nihilism.

TL;DR meme coin investors love a pump and dump. But they hate being the one who gets dumped on.

Source: https://decrypt.co/videos/interviews/nNFxaZd6/do-crypto-degens-care-about-being-scammed