World Shocked That Man Running Business Based On Imaginary Money Might Be Fraud

[EarthFirst]

THE BAHAMAS -People around the world have been flabbergasted to learn that a man who created a business based on imaginary money might be a fraud.

In interviews spanning the globe, respondents expressed shock and disbelief that a firm offering customers wealth by turning their actual money into pretend money could be anything but legitimate.

“I’m still trying to wrap my head around this,” Johan, who is based in Sweden, said. “How could a business built on a foundation of nonexistent dollars somehow collapse?”

Roger, who lives in Michigan, expressed concern about the broader implications of a company swimming in fictitious billions suddenly going bankrupt. “I just hope that one bad apple doesn’t wreck the entire fake-money industry,” he said.

https://www.newyorker.com/humor/borowitz-report/world-shocked-that-man-running-business-based-on-imaginary-money-might-be-fraud?utm_brand=tny&utm_social-type=owned&utm_source=facebook&utm_medium=social&mbid=social_facebook&fbclid=IwAR2me4GdejVdj832hhFft-ceoH2IIXLc4ueewPhDB_ND6iupAi3zGnFQEdM

[targetpractice]

1. Isn't all money imaginary?

Borowitz, however, nails it again.

[dchill]

3. Real money is the full faith and credit of the entire country.

Money is not a start-up or a business.

[Iggo]

5. There's always one.

[Deuxcents]

2. I'm shocked. Shocked, I tell ya

[Kennah]

4. What if he'd sold tulips?

[Rebl2]

10. At least

you would have something to hold in your hand unlike crypto.

[lindysalsagal]

6. Exactly what I've been thinking.

This gimmick is designed to be unregulated and dangerous. People should trust programmers and codes they can't verify. It was never anything but a scam. And as the man said, "there's a sucker born every minute."

[LetMyPeopleVote]

7. I love good satire

Link to tweet

[BOSSHOG]

8. About three years ago

My neighbor, younger then me, asked what I thought about crypto currency. He was being tempted. I told him I was going to wait a couple hundred years before committing.

[Initech]

9. It literally is the 21st century equivalent of fool's gold.

In California, we're taught about the 1849 Gold Rush, the people who got rich are the people who you wouldn't trust with 15 cents, let alone millions and billions of dollars. Also just like the original gold rush, the people who are really getting rich are the ones selling the mining equipment. Your home built PC ain't making shit. NVIDIA and Newegg and Amazon, and Intel and AMD, are the ones laughing all the way to the bank.

[Iggo]

11. That's 'cause they can't lose.

Ain’t no pickaxe guaranteed to find gold.

[Hermit-The-Prog]

12. Why does it take Borowitz to report the bare truth?

[eppur_se_muova]

13. To be clear, not everyone in the world was shocked. nt