Holy fuck, the grift is so blatant that I'm almost beginning to respect it.
this post was submitted on 18 Jan 2025
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Crypto market cap does not equate the equivalent in dollars. When you create a new cryptocoin you can freely adjust the coin's parameters such as the amount of available coins. So let's say you "print" 1000 coins and sell one at $50. You now have a market cap of $50000.
It's like pulling a rabbit out of a hat, with the notable distinction that the rabbit isn't real. What makes it real is if enough suckers actually buy the coins with real dollars.
"Apparently" and "on paper" doing a lot of work there. Is it actually trading at that value?
I think they're basing it on current trading price and the fact that Trump inc owns 80% of the tokens.
Please someone explain how this is in any way legal. This is fucking absurd. The amount of hatred I have for every racist imbecile that supported this rapist fascist felon is too much for me to bear. The logical thing to do would be to just ignore everything because my mental well-being is more important, but this seems like some historic occurrence that should be stopped by any means necessary.
There's no rule saying a dog can't play basketball
Why should legality matter? What are laws? It's rules that the government put down for everyone to follow. And what happens if someone controls all aspects of the government?
Legality is meaningless in the face of fascism, because the fascist government will be making the laws. it's like asking why it wasn't illegal to do genocide in nazi Germany. Or asking why it wasn't enforced by law to hide jews from the nazis to protect them
Legality is not relevant. Legality is not morality or a foundation for ethics. Legality is just the will of the government, for better or for worse. It is not something that necessarily serves the people's beat interests
I mean nothing stops you from creating a new cryptocurrency, so it was kinda inevitable.
I'm sure that's the first payment of the bribes from Russia and Saudis. Untraceable and the plausible irrationality of buying memecoins deflects questions.
First?
something that literally did not exist 24 hours previously.
And still doesn’t exist. It’s not a tangible thing.
If you previously weren't convinced crypto is a scammers paradise, this should convince you.
EDIT: removed not nice comment.
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(27 replies)
I suppose that's more streamlined method of bribery than buying property in his towers or booking his hotels.
100% this. 25 billions? That's quite some money but nothing regarding the sell out that will happen the next 4 years. The USA will be slaughtered on a global scale, strictly orchestrated by its own rules of unrestricted capitalism. The last feast before the climate wars.
Or buying ads on his wife's radio station as apparently was how you'd get in front of President Johnson.
Hmmm that's interesting. I wish I knew more about the crimes of all the presidents. I feel like if they were talked about more it would really bring down some of the power that people want to give to that office. Instead they make them out to be like gods after they are dead long enough
It's funny (sad funny not hot haha funny) because we had a whole ass apology tour to the rest of the world because of getting caught having the Bush administration sign off on torture, up to and including lawyers and psychologists to support the theory that it was just "enhanced interrogation."
Those are war crimes my dude. Bush should have been sent to the Hague. Honestly, what Bush, Cheney and Co. did was so much worse, devastating to the world, violent, and murderous than anything Trump has done yet. Honestly, you could argue that they ruined US reputation so bad internally and externally that they set the stage for Trump to take over. Trump won the year Jeb Bush was supposed to be coronated just like Hillary Clinton. They also are part of the current crises with immigration and rising right-wing sentiment in Europe since the war displaced so many. Bush deeply fucked up the planet and Europe and the Middle East especially.
In fact, Trump will do one thing previous Presidents haven't done, he will make his own citizens suffer most of the pain instead of foreigners. That's evidenced by how he considers many citizens to be foreigners already due to things like birthright citizenship. They've come out and said that explicitly. I guarantee he will be the first US President to cause more suffering to his own citizens than foreign citizens. He literally is gleeful at things like the Death Penalty, he wants to be the one pulling the switch. He's really not all that different from Matt Berry's character on Snuff Box who is a royal executioner who loves his job.
Anyway, we never did anything about actual well documented capital-W War Crimes, and instead have a "Hague Invasion Act" so if anyone from the US gets dragged to the Hague we'll invade it to get them back. Like holy shit, I had my "Are we the baddies?" moment 24 fucking years ago.
Pump&Dump^TM^
~~Pump&~~Dump^Trump
They aren't buying cryptocurrency - they're buying influence. The cryptocurrency is just a front.
The grift is so transparent it's scary that so many people can't/won't see it.
Pump and dump
My dyslexia initially read that as "plump and dumb" which is also accurate.
It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
Old Man stock market looks up and chuckles "That's my boy...line go up."
It's like auctioning away the presidency
~~like~~
So... he stole the idea from hawk tuah
Brady's thought bubble: no politician has ever given their supporters a way to monetize that support -- until now.
Did Brady read the article?
Sucker born every minute, etc.
That name is perfect. Gonna start calling it strumpet.
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