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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+

#62

Memecoins? More like bribe/money laundering special vehicles

His stablecoin, USD1, is his primary instrument for laundering. It now constitutes roughly 1/3 of his entire net worth. Attached article gives a great breakdown. https://archive.is/4ieKD

And that article is from National Review, a conservative magazine, not the Atlantic or some leftist paper.

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

#64
post #15

Isn't all memecoin just a pump and dump anyways? I always thought of it as an alternative to lottery tickets or slot machines.

I wish someone could help me understand why GenZ predominantly doesn't get this after they keep getting burned by get rich quick schemes. How did we raise a generation of rubes?

It's the American dream.

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

#65
post #15

Isn't all memecoin just a pump and dump anyways? I always thought of it as an alternative to lottery tickets or slot machines.

I wish someone could help me understand why GenZ predominantly doesn't get this after they keep getting burned by get rich quick schemes. How did we raise a generation of rubes?

Meme coins are closest to gambling like day-trading. There's at least an opportunity to win money from other rubes, even if the EV is bad. It's also one of those forms of gambling where you can easily convince yourself that you have an edge this time.

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

#66
post #31

Earlier quoted context omitted.

> He mostly stole it from his idiotic voter base, so it's a net positive in my book. Have some empathy. With your attitude, we'll have many more Trumps to come.

Empathy is deserved. I have none for the lunatics that defended the recent ICE murders or still try to deny Trump's pedophila. If these people finally realize how garbage their views are, maybe we could think about forgiveness and empathy. Until then, disenfranchisement is the most efficient strategy.

> Empathy is deserved. I have none for the lunatics that defended the recent ICE murders or still try to deny Trump's pedophila. If these people finally realize how garbage their views are, maybe we could think about forgiveness and empathy. Until then, disenfranchisement is the most efficient strategy.

That's some pretty messed up shit you wrote there. I'm sure you imagine yourself as somehow better than Trump, but you're just like him. You're part of the problem, and for the sake of all that is good: stop being such a terrible person.

Also, what you wrote is also embarrassingly dumb and short-sighted. Like, do you have any understanding how your ideas sound outside your own head? Saying such things, especially in public, harms your cause.

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

#68

The irony of the president coming to office to "drain the swamp" becomes the easily most corrupt, in plain sight, president in US history.

The great thing about populist slogans like “drain the swamp” is that they don’t specify what exactly will be done and how, so they are highly malleable.

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

#69
If it makes anyone feel better even after he and his family have stolen as much as they can possible steal, a fortune more than capable of supporting generational wealth, they'll have already squandered nearly all of it and be back on TV trying to turn the family name into fifteen dollars for autographed socks manufactured in a country they despise or a donation from voters they also despise.
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