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Meme coin enthusiasts acknowledge the silliness and risks of meme coins. But for a generation that can feel excluded from traditional paths to economic independence, betting on a meme coin payday can seem like a reasonable shot at the American Dream.

washingtonpost.comThese young people see meme coins as their best shot at the American DreamSome younger Americans are investing in volatile meme coins as conventional paths to financial security feel out of reach.

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Power ball and Mega Million tickets just went from $2 - $5 each... so that's out of reach now for the majority of people who bought lottery tickets... I'm not sure if it's a Trump administration official making bad math decisions, but they are going to lose a lot of money with that moronic change!

Gambling on digital toys. This is late stage capitalism. For those paying close attention, the American oligarchs dream of an end to Democracy, and a return to feudalism- where billionaires are kings and rule over everyone. Peter Thiel has long dreamed of this.

And my grandfather once told me that the EASIEST way to double your money was to fold it in half and put it in your pocket!! Seems like sound advice considering this meme coin bullshit!

Meme coins are no better investments than beanie babies were but they pretend to be a serious financial instrument. The difference is the people (like the Trumps) making billions off of the fraud.

Get rich quick scams as the American Dream? LOL! The American Dream is only meaningful if your gains come from adding value to society in a prosocial manner. And that is still possible for everyone.

Betting that what seems like a scam, what most people who know says is a scam, isn't a scam. Because why not. WaPo promoting nihilism as a reasonable life strategy.

Reverse engineer “Meme” coins - the people that market the coin get rich, everybody else is left holding an empty bag. It has all the attributes and results of a Ponzi scheme.

What a crock of shit. There has never been one generation in the US without millions of people "excluded from traditional paths to economic independence".

There are always get-rich-quick scams. There are always people willing to be conned. Media plays carnival barker for the scammers. Step right up, fools, and be part from your money.

Idiots. Never give someone else your money to invest. Invest in real estate and you'll never go wrong. It made me a multi-millionaire because no one can f*** with my money because I always have control. That's why I don't buy stocks either. Real estate is it because it will always increase in value.

There may be a non-zero chance that if I pick up every rock I see while walking the dog, someone might someday buy those rocks from me for a million dollars. Except with meme coins, you buy the rocks instead of getting them for free. Get better at thinking, WaPo.

Absolutely. With the cost of everything and these entitled virgins getting free 1600 phones and 2000 PC rigs w/o working a day in their life, get rich quick schemes are very appealling

Meta enthusiasts acknowledge the silliness & risk of sponsored ads. But for a generation that can feel excluded from traditional paths to economic independence, betting on a “Trump to release a $150 trillion trust fund to the public this month” ad seems like a reasonable shot at the American Dream.

I own rental houses and encourage every renter to not worry about having new or the best and think future oriented. Don't fall for lots of cheap crap and keep your eye on a future that you can be proud of working towards. You don't have to be rich to be secure. So happy when they buy a house!

Meme coins are a stupid lie, but so is the American Dream. Where you messed up is you forgot that only one of these things can be made to seem real if you do indigenous genocide and then get very lucky in two world wars.

Ponzi scheme enthusiasts acknowledge the silliness and risks of Ponzi schemes. But for a generation that can feel excluded from traditional paths to economic acceptance, betting on a Ponzi scheme payday can seem like a reasonable shot at the American Dream.

Chronic gamblers acknowledge the risks of betting their savings. But for a generation that can feel excluded from traditional paths to economic independence, betting on a casino payday can seem like a reasonable shot at the American Dream.

My dad woke up early to buy a lotto ticket with the night before winning numbers and then asked me to check how he’d done in the paper. I ran around screaming we’re rich. So gambling can at least let you prank your children but I do know what it feels like to have won the lottery.

Wow, deranged to write this as basically a puff piece about these grifters rather than as an expose about a disturbing combination of social trends that's leading people to seek their livelihood in high stakes gambling

"slot machine addicts acknowledge the silliness and risks of gambling. But for a generation that can feel excluded from traditional paths to economic independence, pulling down on that one armed bandit can seem like a reasonable shot at the American dream."

I followed a lot of these traders, they aren't wrong when they say this is their best bet at the American dream but it's more an indication of the state of the country when gambling is a more realistic path to financial independence than dignified or at least decently-compensated, stable work.

I maintain that I will someday buy a car with that $2 worth of Dogecoin that I bought many years ago. When Musk was messing with it as a sort of proof-of-concept for market manipulation with Twitter, I very briefly thought that that might be a Honda instead of a Hot Wheels.

You should add "they're wrong" to the headline, to make sure that even non-subscribers get the message that this is a stupid scam and they're fools for believing in it. (I have to assume you make these points in the article, as I am no longer a subscriber)