Not the future I would want.
Posted on 02/09/2025 10:32:00 AM PST by Strict9
Dave Portnoy, founder of Barstool Sports, promoted a new meme coin called Jailstool yesterday, making its market cap surge by 119,000% in less than five hours, with its price up by 2.6 million percent in the past twenty-four hours. The token instantly became popular after Dave tweeted and held a late-night X Space with his 3.5 million followers.
(Excerpt) Read more at cryptopolitan.com ...
All the covid cash and federal spending over the years has driven liquidity to obscene levels. That liquidity has sloshed around and distorted prices in many areas.
Despite his excitement, Dave’s exhaustion began to show. “When do you sleep though? Like I know I keep asking, but I do need to sleep at some point. I have a weak immune system. My only weakness really. Like Samson with his hair,” he tweeted during the all-night session.As the hype continued to grow, Dave urged followers not to panic sell. “Crazy thing about #jailstool is up till 48 hours ago, I wouldn’t have even known a coin like this existed at this point,” he said. “So in my mind, we’re still early. I get that everybody has to do what’s right for them, but I feel like if we hold tight until big money can flow in, we all win.”
By early Sunday morning, Dave posted that he had been talking about Jailstool for four straight hours. “I have no plans on selling anytime soon,” he wrote. “I’m waiting for a 500 milly market cap before even thinking about it. But I need my sleep. Goodnight everybody. Sweet dreams, Cyber Rome.”
The day is still not over yet. Dave had an early flight and Super Bowl events lined up, but he assured his audience, “This isn’t a short play. I’m not going anywhere. 500 million market cap or bust.”
And it all lands on today’s tulips.
Which is why shrinking the government is important even if it reduces the size of our GDP.
There will be huge grievances going forward with vast sectors confronting more automation and advancements. That future will have a less human workforce.
A Neo-Luddite movement might arise, whoever captures some of those grievances will gain politically.
Seems like anyone famous can run their own pump-and-dump scheme using some meme coin they created.
Please alert US next time. I had some SOL lying around. Thanks.
That's why I am actually pro-union. Even though they can be corrupt. And some of them are led by thugs.
Who's going to advocate for the American worker? Not the CEO. And of course, not our government.
“The avalanche has already started, it is too late for the pebbles to vote”
Otherwise, everyone is going to have to get UBI. And I think that's a terrible idea.
I prefer to keep it old school with tulip bulbs.
Not the future I would want.
Eventually, things will work out (hopefully). But it’s going to be a tough transition.
get the Moonshot app, and then in the settings, allow it to alert you if a coin pops
What you own after losing everything?
just between you and me I have lost so much money on crypto. I buy in too late and sell too soon or vice-versa. I am big negative. I am no wizard of crypto.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.