TrumpCoin gives foreign powers a direct line of bribery into our country, but I guess they've always had that anyway, evidenced by our support of Israel over the decades. We're cooked.
larger issue is iirc didn't Trump want to sell off the Gold reserve and have Crypto in its palce? (not all but a large amount of it)....it would 100% be his own crypto to boost value and ofc benefit him.
He is likely about to destroy economy for decades.
It was a criminal enterprise the moment he got in the first time. Now he has the immunity of "official acts" which is to say immunity. He's literally going to loot as much as he can for himself and his cronies (they'll have to get something because they'll be doing the actual looting). It's going to be incredible! Look at Day Zero!
You still don't get it. The real issue isn't that he's selling it; the issue is that people are buying it. Crypto, lies, cons, bullshit, whatever -- people are buying it.
Even if Trump were to say "I'm giving total management of my cryptocurrency to my son Eric," it's still his currency. Every time his currency is purchased, he benefits. And it's anonymous. It can be anyone. But it won't be. He'll get a message. "I'm just letting you know that I'm thanking you for our friendship, 42,000 times." And then there's 42,000 of his currency purchased.
Oh, and it doesn't even end there. This is money laundering to the extreme. Dirty oligarch money can be used to buy it. It's the easiest money laundering mechanism in existence. And ANYTHING EASY AND PROFITABLE is fully exploited by Donald J. Trump.
Fresh Air had an episode comparing what he did in his last term to what he's likely to do this term. Basically his first term was spent loosening regulations for his companies to make money. The next term is likely to involve loosening regulations for cryptocurrency so that he can make money there too.
Really, the first time was a sad day. No peaceful transition of power when he lost and numerous crimes during the election. This time around, nobody should be surprised at what happens, but here we are.
"Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are pump and dump schemes, while others are pyramid schemes. Others are just standard issue fraud. Others are just middlemen skimming of the top. Stop glossing over the diversity in the industry." โ Pat Dennis https://twitter.com/patdennis/status/1518637225789042688
The conflict, for now, is between the fascist, armageddonist, kleptocratic, and kakistocratic wings of the administration.
I'm no historian, but I'm not aware of any historical antecedent to this administration's combination of so much extremism, so little interest in governance, and such profound incompetence.
I'm afraid the USA is really just devolving into the default state of society, autocratic tyranny. We probably all just suffer a bit from the delusion that this might bring people of quality to the top. The emergence of virtuous autocrats might happen from time to time, but the survivorship bias from our history lessons deceives us about what the baseline looks like. In fact, there is mostly just ruthlessness, chaos and corruption. Good governance is not needed to gain power.
That's a good insight. Democracy has been a fairly successful attempt at mitigating the worst excesses, though reliance on the rational, deliberative capacity of a population has always been the most glaring weakness, a failure mode we've just provided a master class lesson in. Autocracy is no solution, revolutionary autocrats come to power by, if anything a less meritocratic process and succession is almost always a shit show.
In this case, there are no laws broken, as it's released as a value-less collector's item. It literally states that it has no value, and that if you buy it, that's on you.
Not really a scam when IT LITERALLY SAYS IT'S WORTHLESS. Unlike other pump'n dumps, there are no claims here that it's worth anything. It, again, literally states that it's a memecoin for collectors, of no value, and that's that.
Irrelevant. Lots of people sell trash to collectors. This is a collectors item. It states very clearly that the resale value is entirely virtual and not to be used as currency.
We got far too comfortable with the idea that a sense of public shame and voter common sense would keep politicians somewhat honest, at least on the surface. Trump and co realized that we've reached a point where none of that matters. The more blatantly corrupt he is the more his followers and handlers seem to love him, and the rest of the country can't be bothered to fucking vote to save themselves and their children from what's coming.
The system is built on the idea that politician, especially those of such high level, are honourable gentlemen. Its been rotting for a while but I think it was probably Bannon who deciced to advise just doing whatever and that nothing will happen.
I'm tired of democrat lawmakers complaining that everything the GOP does is illegal. Do something about it then! All they do is blast them on social media, like they expect the public to do what they can't.
I feel like we need to gather them all into a room, and give them a severe crash course entitled "YOU CANNOT SHAME THE SHAMELESS INTO FOLLOWING THE RULES." They were the ones with the power to stop them, and they did NOTHING.
When your opponent spends half their time ignoring the rules, and the rest of their time exploiting loopholes they installed a decade or more ago, any response that requires them to follow the rules to have any effect loses ALL meaning.
Osiricus
TrumpCoin gives foreign powers a direct line of bribery into our country, but I guess they've always had that anyway, evidenced by our support of Israel over the decades. We're cooked.
Ch4osAngel6
Your people started by stealing from indians so , wasn't gonna go well with "might is right" mentally mindset but courage nonetheless .
B0ardski
IT'S NOT LEGAL!!! IT IS ABSOLUTELY UN CONSTITUTIONAL!!! and nobody is going to do a damn thing about it. hurry Mario! we need you
SloppyPotter
hotaru251
larger issue is iirc didn't Trump want to sell off the Gold reserve and have Crypto in its palce? (not all but a large amount of it)....it would 100% be his own crypto to boost value and ofc benefit him.
He is likely about to destroy economy for decades.
Butidontwanttomakeausername
Fun fact it's doing exactly what you'd expect as of 2 hours ago ๐คฃ
bexxMaker
16bitStarbuck
Why not use the real mugshot? I don't understand.
usingYourMomAsAHat
Haha welcome to the clown show people. Its all downhill from hete. Good luck ppl
CrumpetsWithHoneyAreCrumpetsWithBeeVomit
It was a criminal enterprise the moment he got in the first time. Now he has the immunity of "official acts" which is to say immunity. He's literally going to loot as much as he can for himself and his cronies (they'll have to get something because they'll be doing the actual looting). It's going to be incredible! Look at Day Zero!
languex
Capo di tutti capi (Felon in chief)
HonestCommentFarmer
Pro-Crime presidency.
Che07
https://imgur.com/VJosEG4
DropDrop
"We will completely destroy America if that's what it takes to own the libs!!" -conservative voters
bambinod
years from now this will all be known as The Big Grift. (assuming we still have freedom of the press)
JinxRocks
They got conned... again!
wanderer2575
You still don't get it. The real issue isn't that he's selling it; the issue is that people are buying it. Crypto, lies, cons, bullshit, whatever -- people are buying it.
EggFooYung
Money for nothing and a small peepee.
NikoTT
And still some think he's the best POTUS... Unbelievable.
MacAlba1314
cytherians
Even if Trump were to say "I'm giving total management of my cryptocurrency to my son Eric," it's still his currency. Every time his currency is purchased, he benefits. And it's anonymous. It can be anyone. But it won't be. He'll get a message. "I'm just letting you know that I'm thanking you for our friendship, 42,000 times." And then there's 42,000 of his currency purchased.
๐ง๐ต๐ฒ ๐จ๐ฆ ๐ฃ๐ฟ๐ฒ๐๐ถ๐ฑ๐ฒ๐ป๐ ๐ถ๐ ๐ข๐ฃ๐๐ก๐๐ฌ ๐ณ๐ผ๐ฟ ๐๐ฎ๐น๐ฒ ๐๐ผ ๐๐ก๐ฌ๐ข๐ก๐.
cytherians
Oh, and it doesn't even end there. This is money laundering to the extreme. Dirty oligarch money can be used to buy it. It's the easiest money laundering mechanism in existence. And ANYTHING EASY AND PROFITABLE is fully exploited by Donald J. Trump.
Will the Republicans do anything about it?
"W๐กa๐ญ'๐ฌ ๐ญh๐ขs c๐ซy๐ฉt๐จc๐ฎr๐ซe๐งc๐ฒ ๐ฒo๐ฎ ๐ฌp๐a๐ค ๐จf? ๐h... ๐ญh๐t? ๐t's n๐จt r๐a๐ฅ."
teknochode
As a Canadian? You guys are SOOOOOOOOOOO f*cked.
IStoleALoafOfBread
Fresh Air had an episode comparing what he did in his last term to what he's likely to do this term. Basically his first term was spent loosening regulations for his companies to make money. The next term is likely to involve loosening regulations for cryptocurrency so that he can make money there too.
thotterpop
Goddammit, so another potential scam cryptocurrency...
OldmanSerious
"potential"?
SubTrout
Every cryptocurrency is a scam.
Thorpington
to all those who voted for him, well done, i hope your proud of yourselves.
GoblinTit
*you're - I hope they get what they deserve.
herrcane
Those have been some of the most hilarious responses: "I hope you get everything you voted for." "How dare you!"
truemdgeist1337
And those who didnt vote as well
itzu2jones31415
Very sad day in American history!
NotaCPA
Really, the first time was a sad day. No peaceful transition of power when he lost and numerous crimes during the election. This time around, nobody should be surprised at what happens, but here we are.
DeeplyBroken
Imho, it's not entirely incorrect to say that American history ends at noon today, and the history of Naziland begins.
cghtx
Is this Trump?
16bitStarbuck
It would have more caps lock.
sumthinsumthinsumthin
Welcome to the kleptocracy.
ComradeBinch
No one should be able to launch crypto to begin with, ban it
ExTechOp
"Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are pump and dump schemes, while others are pyramid schemes. Others are just standard issue fraud. Others are just middlemen skimming of the top. Stop glossing over the diversity in the industry."
โ Pat Dennis https://twitter.com/patdennis/status/1518637225789042688
gesel
The conflict, for now, is between the fascist, armageddonist, kleptocratic, and kakistocratic wings of the administration.
I'm no historian, but I'm not aware of any historical antecedent to this administration's combination of so much extremism, so little interest in governance, and such profound incompetence.
zombiejedediah
Plutocratic ideals does unite a lot of them.
ThisGostakIsHereForTheDoshes
I'm afraid the USA is really just devolving into the default state of society, autocratic tyranny. We probably all just suffer a bit from the delusion that this might bring people of quality to the top. The emergence of virtuous autocrats might happen from time to time, but the survivorship bias from our history lessons deceives us about what the baseline looks like. In fact, there is mostly just ruthlessness, chaos and corruption. Good governance is not needed to gain power.
gesel
That's a good insight. Democracy has been a fairly successful attempt at mitigating the worst excesses, though reliance on the rational, deliberative capacity of a population has always been the most glaring weakness, a failure mode we've just provided a master class lesson in. Autocracy is no solution, revolutionary autocrats come to power by, if anything a less meritocratic process and succession is almost always a shit show.
cepacolusmaximus
welcome to the kleptocracy,
we're makin 'murca great
we won't be doing shit,
'cept makin sure we get paid
ReallyNotSure
your spot, the next 4 years at least, USA.
16bitStarbuck
"At least" is right. We already know he intends this to be the last election.
Mrw1cked
Close, except that spray should be raw sewage.
michiyl
Warm or cold raw sewage?
Mrw1cked
Scalding
Frothington
Pump & dump then pardon yourself. Rinse & repeat.
hotaru251
SCOTUS basically said a potus is free to do crime w/o punishment.
2graves
Hard to keep up with the current scam lol
fformulaa
Dude couldn't pump a donut with cream. He can definitely dump though
ThatHurts
And like Charlie Brown and the football, Trumpets will fall for it every time.
df8199350
This isnโt about his base. This gives foreign powers a legal way to buy the executive and get America to act against its interests.
DerpyBestPrincess
In this case, there are no laws broken, as it's released as a value-less collector's item. It literally states that it has no value, and that if you buy it, that's on you.
Z0op
Sooo trump makes 0 money on it?
SpiralRazor
Haha! No.
Selling worthless items to idiots is highly profitable. Scam as old as time.
DerpyBestPrincess
Not really a scam when IT LITERALLY SAYS IT'S WORTHLESS. Unlike other pump'n dumps, there are no claims here that it's worth anything. It, again, literally states that it's a memecoin for collectors, of no value, and that's that.
Z0op
Interesting to know if you still think this to be true
DerpyBestPrincess
Irrelevant. Lots of people sell trash to collectors. This is a collectors item. It states very clearly that the resale value is entirely virtual and not to be used as currency.
W92Baj
Because.
Nobody.
Stops.
Them.
Lampmonster
We got far too comfortable with the idea that a sense of public shame and voter common sense would keep politicians somewhat honest, at least on the surface. Trump and co realized that we've reached a point where none of that matters. The more blatantly corrupt he is the more his followers and handlers seem to love him, and the rest of the country can't be bothered to fucking vote to save themselves and their children from what's coming.
W92Baj
The system is built on the idea that politician, especially those of such high level, are honourable gentlemen.
Its been rotting for a while but I think it was probably Bannon who deciced to advise just doing whatever and that nothing will happen.
GahDuma
I'm tired of democrat lawmakers complaining that everything the GOP does is illegal. Do something about it then! All they do is blast them on social media, like they expect the public to do what they can't.
BlazeMarshall
I feel like we need to gather them all into a room, and give them a severe crash course entitled "YOU CANNOT SHAME THE SHAMELESS INTO FOLLOWING THE RULES." They were the ones with the power to stop them, and they did NOTHING.
When your opponent spends half their time ignoring the rules, and the rest of their time exploiting loopholes they installed a decade or more ago, any response that requires them to follow the rules to have any effect loses ALL meaning.
BlazeMarshall
They will not stop, until they are PHYSICALLY FORCED TO STOP.
RoutemasterFlash
Jimmy Carter had to give up his peanut farm.
B0ardski
He did not have to! he did it to avoid any possible accusations from the repugnicans like any respectable president should!
B0ardski
or senator, or representative(what a joke)
RoutemasterFlash
OK, wasn't legally compelled to, but felt morally compelled to. Better?
16bitStarbuck
He felt he had to. Like there was no choice. Therefore, it's correct in saying "he had to"
AntaNce
He didn't *have* to, he did it because he had integrity and loved his country.
16bitStarbuck
Right, he felt he "had" to.
Understand?
AntaNce
Yes. A man of impeccable honor and righteousness. He felt it was necessary in order to maintain his moral principles. A very GOOD man.