

As someone who has basically come to see “memecoin” and “scam” as synonyms, I have a hard time having any sympathy for anyone who puts money into this shit. Everyone knows that the endgame of every memecoin is for the creator to walk away with all the profit, right? Enough incidental people win a bit of money to keep everyone gambling that they can beat the scam, but everyone has to know that they’re feeding the scam when they buy in, right?
Is this really sidestepping sanctions? My understanding of the sanctions is that they’re less about us not wanting China to use them, and more about us not wanting China to get their hands on the physical cards so they can reverse engineer them/fully own the computation done with them. Overseas rentals seems like the intended direction for them to go, because they can still use the computation power, but don’t have the physical hardware (plus they could lose all access to the datacenters in case of war).