this post was submitted on 20 Dec 2023
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Technology

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59
Solana Saga smartphone sells for up to $5K on eBay as Bonk frenzy causes sell-out (cointelegraph.com)
submitted 11 months ago by Moonrise2473@feddit.it to c/technology@lemmy.world
16 comments fedilink hide all child comments
 

This is genius.

Nobody wants to buy your crypto phone? Your warehouses are full and bills starts piling? Just create some monopoly money and give it to who buys that phone.

So now crypto is not only wasting the electricity for the most inefficient payment method ever created (for Bitcoin it takes a whole day to verify a number of transactions that Visa/Mastercard can do in less than a second) but also producing and shipping a phone all around the world, just for getting that monopoly money, then immediately trash the phone

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[โ€“] Moonrise2473@feddit.it 1 points 11 months ago (1 children)

it's a meme coin so apparently it gives 100x value

[โ€“] Neato@kbin.social 0 points 11 months ago

I remember when doge coin was a joke and was worth nearly nothing. sigh