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A sitting US president launched two memecoins that wiped out $4.3B+

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Re: A sitting US president launched two memecoins that wiped out $4.3B+

#11

Post by nozzlegear »

cushpush wrote: post #3

Being upset that meme coins underwent a boom and bust is like getting angry at fire for being hot.

Surely you're taking the piss and can recognize that what's unique about this story is the fact that a sitting US president pushed the meme coins? They made Jimmy Carter put his peanut farm into a blind trust, but Trump is raking in money off his crypto pushes, shady dealings, and business holdings.

Edit: Carter put his farm into a blind trust, he didn't sell it.

Re: A sitting US president launched two memecoins that wiped out $4.3B+

#12

Post by palmotea »

hightrix wrote: post #5
cushpush wrote: post #3

Being upset that meme coins underwent a boom and bust is like getting angry at fire for being hot.

The difference here is that this is the president doing this rug pull. Using his power to make billions is not exactly enshrined in the constitution.

> The difference here is that this is the president doing this rug pull.

Cryptocurrency has always been a scam of no real utility for honest actors (compared to alternatives).

> Using his power to make billions is not exactly enshrined in the constitution.

Not exactly. Trump is dishonest and greedy, and doesn't care about a lot of appearances that prior presidents cared a lot about. In this case, he's not "using his power to make billions," he's actually not refraining from making billions because he has power.

I'm pretty sure Obama and Biden could have made money from a meme-coin, if they were so inclined. But if they even thought about it at all, they would have rejected the idea because it would look bad, hurt the office, etc. Trump doesn't care about those things.

Re: A sitting US president launched two memecoins that wiped out $4.3B+

#16

Post by solumunus »

palmotea wrote: post #12
hightrix wrote: post #5

Earlier quoted context omitted.

The difference here is that this is the president doing this rug pull. Using his power to make billions is not exactly enshrined in the constitution.

> The difference here is that this is the president doing this rug pull. Cryptocurrency has always been a scam of no real utility for honest actors (compared to alternatives). > Using his power to make billions is not exactly enshrined in the constitution. Not exactly. Trump is dishonest and greedy, and doesn't care about a lot of appearances that prior presidents cared a lot about. In this case, he's not "using his…

Again, completely irrelevant.
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