Famously, the only reliable way to cash out on the gold rush was to sell "picks and shovels" to the credulous, doomed and desperate. The California gold rush was a con, and nearly everyone who went west went broke. Desperate "retail investors" who buy shitcoins from Superbowl ads get skinned, while the MBA bros who issue the coins make millions (in real dollars, not crypto). The kids selling dope on the corner are making less than minimum wage, while the respectable crime-bosses who own the labs clean up. ![]() In any scam, any con, any hustle, the big winners are the people who supply the scammers – not the scammers themselves.
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