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No sympathy. Fuck everyone who paid Trump for this shit, I hope they needed that money.
Don't worry, the DOJ under President Trump wl prosecute those responsible.
Namely the reporters making these allegations.
The first I heard of Trump's memecoin was a headline declaring it was worth $25 Billion. I'm a pretty online person, so I tend to hear about these things pretty quickly. The article said it was worth $9 billion in 12 hours.
$9 billion is an unimaginable amount of money for any number of people to decide to "invest" in under 12 hours. The only way I can explain that happening is if many, very wealthy people, had been notified about the coin going up for sale ahead of time and wanted to curry favor with Trump.
What a fucking embarrassment this country is.
This is the Rug Pull Administration, after all. Might as well kick it off with really, really big and obvious grift.
This is not a rugpull but a readjustment. The purpose of this coin and Melania's coin is to get around laws preventing foreign sources from donating to or bribing Trump.
Who cares? He’s gonna get away with all of it
Nobody launders money like Donald Trump. Simply the best
Every crypto is intended as a rug pull
This is a clear and obvious pump-and-dump. Anyone that falls for this deserves to be fleeced.
I agree they deserve to be fleeced. I just don't think he deserves to get the money.
lol who’s still holding this shit
Jimmy Carter sold his fucking peanut farm, and now this is the point we're at.
And doesn't get his 30 days of mourning. Because Carter can't even get a fucking break after he dies.
Everyone should post nothing but Carter and King tributes today instead of talking about the coronation.
"Let me tell you, folks, this, what we're seeing right now, it's HUGE, okay? I mean, some people are saying—and I don’t know, but they’re saying—it could be the biggest rugpull in the history of rugpulls. Tremendous potential. Absolutely tremendous. Nobody’s ever seen a rugpull like this before, believe me."
...And that's not the Onion? Looks like she is laughing so hard at the idiot peasants getting rug-pulled already in that pic.
And also: "you can buy Melania"? Um, phrasing?
Sometimes I wonder what it must be like to go through life without a sense of shame.
The sci-fi books/series "The Expanse" features a rogue lab where all the scientists got the part of their brain responsible for empathy intentionally destroyed.
I sometimes think about that and wonder what it would be to be like that. How easy it would be to make a ton of money. And how sad it must be for these people to live only for themselves.
A friend and I were discussing this. It seems like these days it's more rewarding, objectively, to be a shitbag than to actually be a good human. We're constantly being played for suckers despite having morals. Everyone else is cheating in this tragedy of the moral commons.
There's a selection bias, we usually hear about the most successful shitbags. Most ordinary shitbags live pretty terrible lives. Just look at the life of the typical red state resident. Usually working their ass off in a blue collar for some plutocrat who abuses them, subjected to country music all day long. Almost makes me feel bad for them.
Most ordinary shitbags live pretty terrible lives
Same goes for most ordinary non-shitbags.
The point is, just because one shitbag gets away with it, that shouldn't motivate you to also become a shitbag.
Please correct me: is this nothing but entirely fake money?
Pretty much. You can make 1001 cards with your signature and a number on them, sell 1 of them for $1000 to your best friend, then say you're a millionaire now because you have 1000 cards left each worth $1000.
That's how cryptocurrency market caps work.
This was a blatant way to allow people to donate to Trump while skirting existing campaign finance laws. Get his buddies to buy his meme coin for exorbitant prices, and now he gets to keep the money because he “sold” something and it’s not a bribe.
I read your comment, thought it's impossible that you're right, and took a beat to verify. You're entirely correct. Crypto truly is this stupid.
The same method is used to determine market cap of publically traded companies. Whatever the most recent trade price was * total number of shares = what the company is supposedly worth.
It's like those terrible celebrity endorsed/named perfumes and other product.
Being sold like stocks
But with no physical product even a shitty one
Great! Now we need to fix the tax code so you have to declare that as income, and it's taxed progressively. That would pretty quickly put the kibosh on these scams.
Short term capital gains already are taxed as income. I doubt anyone is holding these rug pull coins for more than a year.
All money is "entirely fake". The only difference is how big the value fluctuations are and to what degree you can exchange it for other currency. Crypto has a big problem with the former and minor problems with the latter, but generally speaking it's not much less real than, say, the US dollar.
When the value of your money is only measured by how much of a different currency you can exchange it for, and not it's actual purchasing power (which is 0 for 99.9% of all cryptocurrencies) then it's essentially fake money. Literally no different than the monopoly money Luigi was carrying around with him.
Fake money spends.
