Puppycow
Penultimate Amazing
I didn’t know that this was a thing. Is it a scam? It seems like it. It may be legal but still has a scammy feel.
Would it be illegal for the president to promote it? Serious question. I actually don't know. And would it be any different if he's just the president-elect? There was so much stuff in the past that used to be covered by "norms". Anyone old enough to remember "norms"? Before Trump basically showed that norms don't really stop you from doing things if you are willing to be bold and brazen enough.It's both legal and scam. President promoting it is illegal. But who cares anymore, right ?
Not illegal to promote? Maybe.Would it be illegal for the president to promote it? Serious question. I actually don't know. And would it be any different if he's just the president-elect? There was so much stuff in the past that used to be covered by "norms". Anyone old enough to remember "norms"? Before Trump basically showed that norms don't really stop you from doing things if you are willing to be bold and brazen enough.
Quoting from your link:Not illegal to promote? Maybe.
But illegal to own and profit from?
"Eighty percent of Trump coin's tokens are owned by CIC Digital, an affiliate of Trump's business, and another entity called Fight, Fight, Fight, according to its website."
Per: https://www.reuters.com/technology/trumps-new-crypto-token-jumps-ahead-his-inauguration-2025-01-20/
Scammers gotta scam.
Yes, "ethics experts" may criticize, but as far as I can tell, nothing is actually illegal to the president of the United States anymore, is it? All federal prosecutions of Trump were scrapped on the day he won the election and the state prosecutions don't seem to be going very well either. Now he has pardoned the Jan. 6th rioters too.The token, branded $TRUMP and criticized by ethics experts, was last trading at $33.88, according to cryptocurrency price tracker CoinGecko.
Who's next? I'm guessing Barron. Don Jr and Eric are willing toadies for their dad but he doesn't seem to actually like them. I doubt he likes Barron either, but Melania does. So I guess $Barron is next. Which puts me in mind of mall pizza.Melania coin down over 60%
What a rug!
The evidence so far is that T can do anything he likes without any constraints; so nothing is now illegal for him. Everyone who disagrees should get in line for their trip to the Gulag.Quoting from your link:
Yes, "ethics experts" may criticize, but as far as I can tell, nothing is actually illegal to the president of the United States anymore, is it? All federal prosecutions of Trump were scrapped on the day he won the election and the state prosecutions don't seem to be going very well either. Now he has pardoned the Jan. 6th rioters too.
Effectively, it seems like he has a free hand to do almost anything he wants now.
Who's next? I'm guessing Barron. Don Jr and Eric are willing toadies for their dad but he doesn't seem to actually like them. I doubt he likes Barron either, but Melania does. So I guess $Barron is next. Which puts me in mind of mall pizza.
Another irritant: are people not reading $ as S? So the first one I was reading as "Strump". Did Ke$ha have no impact on these people?
Zyou have something going zon with your 'z' key.Zit was 85% allocated before it's release.
zof course it's a scam.
Classic pump and dump.
Lyin' goes up.It's both legal and scam.
Betting the guy was a used-car salesman or some other grifty thing until just before 2025.Turns out, the next one to launch a memecoin was the reverend. I wish I was kidding.
Trump says it is. He's got the power. So it is.I would like to read Alito's explanation on why issuing memecoins is a Core Presidential Function.
To me, “reverend” is already griftier than a used car salesman. Organized religion is the oldest grift.Betting the guy was a used-car salesman or some other grifty thing until just before 2025.![]()
He obviously got a promotion then.To me, “reverend” is already griftier than a used car salesman. Organized religion is the oldest grift.
The Barron memecoin was the prototype. I know they're now saying there was no affiliation, but I don't believe a word of it.Who's next? I'm guessing Barron. Don Jr and Eric are willing toadies for their dad but he doesn't seem to actually like them. I doubt he likes Barron either, but Melania does. So I guess $Barron is next. Which puts me in mind of mall pizza.
Another irritant: are people not reading $ as S? So the first one I was reading as "Strump". Did Ke$ha have no impact on these people?
the moment crypto becomes regulated and taxed it will disappear for all intends and purposes. It can only exit in a space where it recieves all of the benefits and none of the obligations of a financial instrument.I can't help but think that as soon as someone manages to convince Wall St that bitcoins are just so much imaginary hype with no backing, the whole lot will vanish in a puff of smoke, and Muskrat will find himself worth just a few million again.
He's taller than Trump now, and that isn't acceptable, surprised Trump's bio doesn't now say he's grown 6 inches since he was last President.Who's next? I'm guessing Barron. Don Jr and Eric are willing toadies for their dad but he doesn't seem to actually like them.
I doubt he likes Barron either, but Melania does. So I guess $Barron is next. Which puts me in mind of mall pizza.
Another irritant: are people not reading $ as S? So the first one I was reading as "Strump". Did Ke$ha have no impact on these people?
Just another phony collectable.It's both legal and scam. President promoting it is illegal. But who cares anymore, right ?
So they don't even need to do a rug pull. They make millions by just passively collecting "trading fees".NEW YORK, Feb 3 - Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.
The meme coin, known as $Trump, was launched by the president on Jan. 17 and quickly surged, reaching a peak of over $14.5 billion in overall market value by Jan. 19, the day before his inauguration. It has since slumped by two-thirds.
The creators of the meme coin receive a share of the trading fees from Meteora, a little-known crypto exchange where the $Trump coins were first sold, the blockchain analyses showed.
At least fifty of the largest investors in the coin have made profits in excess of $10 million each on the $Trump coin, according to Chainalysis. At the same time, some 200,000 crypto wallets, most with small holdings, lost money on $Trump on the exchange, it said.
OPAQUE OWNERSHIP
Meme coins are crypto tokens that feature branding or names referencing memes or internet trends. They are usually highly volatile and have scant practical use. Trump’s coin, for example, is intended as an expression of support for the president’s call to ‘fight, fight, fight’ after he was shot at a campaign rally last year.
The exact ownership of Trump’s meme coins is hidden behind opaque limited liability companies. Fight Fight Fight, a Delaware-registered company, is the owner of the official website for the coin, gettrumpmemes.com.
And if you own the casino and you set the betting odds, it isn’t even gambling.I'm amazed at how quickly people found out how to gamble with a new form technology.
At least you had something in your hand when that bubble collapsed!Anyone want to buy some tulips?
80% of the coins were already owned before it was launched.And if you own the casino and you set the betting odds, it isn’t even gambling.
Think about this. Sam Bankman Fried would understand.
Create a new “coin” backed by an opaque shell company. Obviously a virtual coin, as real as the “gold pieces” that your D&D character collected. Keep most of the coins in reserve. Put the rest up for sale for real money on an exchange (essentially a website that you control). Charge “transaction fees” every time people use your exchange (website) to buy or sell these “coins”. Even Jack wouldn’t be so foolish as to buy these magic beans, would he?
He usually takes a large upfront fee for licensing his name as he knows there is no long-term value in such deals.i think the rug pull comes at the end of the presidency. in the meantime it’s fees and a direct line to trump
*A$AP Rocky shoots finger guns*Who's next? I'm guessing Barron. Don Jr and Eric are willing toadies for their dad but he doesn't seem to actually like them. I doubt he likes Barron either, but Melania does. So I guess $Barron is next. Which puts me in mind of mall pizza.
Another irritant: are people not reading $ as S? So the first one I was reading as "Strump". Did Ke$ha have no impact on these people?