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Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

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101–110 of 167 posts

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#101
post #66

Earlier quoted context omitted.

Please don't comment like this on Hacker News, no matter who it's about. The guidelines contain these relevant lines: Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes. Comments should get more thoughtful and substantive, not less, as a topic gets more divisive. Please don't fulminate. https://news.ycombinator.com/newsguidelines.html Edit: to clarify further, in the context of the rep…

[flagged]

Politics-related threads are generally the worst on HN, and if we're going to have them, people need to take extra care to follow the guidelines. In particular, we don't want HN to be a place where it's normal to attack people for their class or intellect.

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#102

Earlier quoted context omitted.

The thing is though, once you regulate crypto then what’s the point? You are left with a highly inefficient/expensive and immutable database. Bitcoin solves (or attempts to solve) for exchange in absence of trust and regulation. But this is a stupid thing to solve for, because without trust and regulation you can’t even have a functioning society.

I would actually say that scams and financial crimes seem to be the only concrete use case of the technology at the moment. (Unless you count speculation/gambling).

> scams and financial crimes seem to be the only concrete use case of the technology

the technology is showing transactions on a public ledger literally (unlike tradfi), nobody is hiding anything (until we go to Monero and similar, but that's different). What's however happening, and we come back to the first point, is the lack of "rules" so that in effect financial "crime" is legal.

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#103

Earlier quoted context omitted.

No, the current system does not work for most of the people hence the "just nuke it" option sounds like a rational one. Canadian elections show that people can change their mind overnight, but unfortunately some of the changes that happened in the US institutions and the global relations will take decades to reverse (if ever).

> the current system does not work for most of the people Bullshit. America is the richest country on earth. Your unemployment is remarkably low. Your disposable income is relatively high. And all the issues you complain about, like housing, are worse outside the US than in the US. Moreover, a lot of the MAGA people are NOT working class struggling families. There are a lot of middle class middle aged low digit milli…

> There are a lot of middle class middle aged low digit millionaires who are certainly not hurting for anything, but for some reason really love Trump.

They love him because he's as degenerate as they are, and makes it cool to be white. Or so I'm told.

Not that I believe any of that, just going by what Trump supporters tell me.

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#104

Earlier quoted context omitted.

> the current system does not work for most of the people Bullshit. America is the richest country on earth. Your unemployment is remarkably low. Your disposable income is relatively high. And all the issues you complain about, like housing, are worse outside the US than in the US. Moreover, a lot of the MAGA people are NOT working class struggling families. There are a lot of middle class middle aged low digit milli…

How do you explain the majority of 18-25 yo who voted for Trump? Also from polling the ones who did not vote were also leaning towards Trump. So participation was not the issue.

Because if you look at the entire history of presidents with the notable exception of Barack Obama, every president has been a geriatric white dude. They've been conditioned to believe that geriatric white dudes are the only ones capable of holding the office. So, when compared with the younger black/indian woman, the natural choice was to select the old white (orange) guy.

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#105
post #88

Earlier quoted context omitted.

To compare Hunter Biden, a private citizen, making a few paintings, to the actual president of the country grifting with crypto to the tune of billions, is rather something. Especially after watching the 2 billion dollar bailout that Jared Kushner got from the Saudis during the first term.

Jared Kushner is just as much a “private citizen” as Hunter Biden is. Hunter Biden blatantly and corruptly sold his father’s influence. There’s even evidence that Joe got his “10% for the big guy” on these dealings. It’s a massive disgusting scandal. For the record I can’t stand when either side pulls this crap. The whole narrative that my side’s politicians are less corrupt than yours needs to end. They’re dividing…

Hunter Biden, as far as I know, didn't hold an official title within his father's administration. Jared Kushner, on the other hand, did hold an official title within Donald Trump's first administration.

Hunter Biden, as far as the country has been made aware, never requested an TS-SCI clearance, as Jared Kushner did. Jared Kushner was given one via overrule from the 45th administration when the FBI and CIA said there's no way in hell he should be given access to any state secrets due to his background.

For the record, fuck Hunter Biden for anything he might have done. But don't equate selling access to demanding the highest levels of access to our nation's most closely held secrets.

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#106

Earlier quoted context omitted.

What were their roles in the Biden Administration?

Recipients of nepotistic pardons, which is what people find suspicious.

It's now clear that the presidential pardon is just an endorsement for crime, whoever's using it.

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#107
post #81

Earlier quoted context omitted.

You can’t see why average Americans would want a change from many of the Biden Administration’s policies? It has nothing to do with racism, xenophobia, or transphobia. A lot of the policies were just objectively bad for average everyday Americans.

Can you give some examples of policies that were bad for ordinary, everyday Americans?

Many people disagree with the Covid response.

Many people look at the Bidens’ relationship with Ukraine and wonder whether the war could have been avoided, and we wouldn’t have to hear stories about “we sent $X billions, but Zelenskyy says he received only $0.5X billions” which could have been spent here, not to mention millions of lives spared (the latter doesn’t affect ordinary Americans directly, but there you go).

Edit: it’s abundantly clear that Trump is also highly corrupt. A big part of the problem is that many are only to see the other side’s corruption (not to mention the felt need to pick a side)

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#108

Earlier quoted context omitted.

How do you explain the majority of 18-25 yo who voted for Trump? Also from polling the ones who did not vote were also leaning towards Trump. So participation was not the issue.

Because if you look at the entire history of presidents with the notable exception of Barack Obama, every president has been a geriatric white dude. They've been conditioned to believe that geriatric white dudes are the only ones capable of holding the office. So, when compared with the younger black/indian woman, the natural choice was to select the old white (orange) guy.

> Because if you look at the entire history of presidents with the notable exception of Barack Obama, every president has been a geriatric white dude.

That's only true for an incredibly expansive definition of geriatric: Teddy Roosevelt was 42, Kennedy 43, Obama and Grant 46, etc. By a commom conventional standard of "geriatric” in general use (65+), only Buchanan, Harrison, Reagan, Trump, and Biden qualify at the start of their first term, and only 16 total would at the end of their last term.

> So, when compared with the younger black/indian woman

Harris was closer to (but still older than) both the mean and median age at start of term for a President than Trump was (even if you compared her in 2024 to Trump when elected in 2016). Gender and age, sure, but the whole geriatric thing as a long-term bias evident across the whole list of Presidents is unjustified (there's probably a decent argument that the current electorate has a geriatric bias, but its not a long-term historical one.)

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#109
post #81

Earlier quoted context omitted.

You can’t see why average Americans would want a change from many of the Biden Administration’s policies? It has nothing to do with racism, xenophobia, or transphobia. A lot of the policies were just objectively bad for average everyday Americans.

Can you give some examples of policies that were bad for ordinary, everyday Americans?

The closest I've seen to a convincing explanation of this came from a recent Some More News episode. The host argued that, while Democrats at the Federal level have pretty fucking clearly been far better for normal Americans this century (and longer, but let's consider the last 25ish years) with things like the CFPB and ACA and bringing down fentanyl overdose death rates (to say nothing of economic performance under Democrats versus Republicans, going back quite a bit farther than this century), they have simply not done enough, and the perception is still, by death through a thousand cuts, that things are getting worse.

Long hold times and phone-tree mazes for help with the dozen bills that showed up due to one night in the hospital (despite insurance and all that!), housing costs shooting up year over year, inflation (people genuinely don't understand that "inflation is down" doesn't mean "prices dropped", which, after the giant covid price spike, is what they actually wanted to happen). More visible homelessness. Scam call attempts 2-3 times a day, and your Grandma and thousands of other grandmas and grandpas and fathers and mothers lost a ton of money to them, and nobody in power seems to give half a fuck. The neoliberal trade changes in the '90s were supposed to come with mountains of support to the demographics likely to be harmed by them, and that never meaningfully materialized, and people remember that and families still feel the pain from it. It may seem silly, but: tip prompts for take-out. It's some bigger things, and a whole lot of little things like that.

Add the cultivated, perceived, not-backed-by-data problems Republicans propagandize, to those very real ones above. Sky-high and worsening crime, "invasions" at the border bringing in fentanyl and such (it's mostly Americans doing it, in fact, for the obvious reason that they have a much easier time crossing the border Mex-to-US while carrying drugs when the crossing itself isn't illegal, so it's far less risky) and trans athletes, all that junk.

This left a good chunk of the electorate eager for someone promising to upend the system, when the two options presented to-date had been "we'll fix everything (but actually it'll get worse)" and "we'll fix everything (but actually it'll still get worse—just more-slowly)".

Fertile ground for a fascist conman.

There are other aspects to it, of course. Conspiratorial thinking (QAnon and friends) twisted, as it usually is when it hits politics, into "these openly-grifting elites are on my side and will stop the secretly-grifting elites I've been assured are the problem!" is a pretty big one, thanks to the feed-algo right-wing-radicalization pipeline giving that nonsense a ton of oxygen. A non-trivial set of folks really are just racist as hell. But the above is the most-plausible explanation I've seen for the "things are bad and getting worse" voters.

Re: Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

#110
post #107

Earlier quoted context omitted.

Can you give some examples of policies that were bad for ordinary, everyday Americans?

Many people disagree with the Covid response. Many people look at the Bidens’ relationship with Ukraine and wonder whether the war could have been avoided, and we wouldn’t have to hear stories about “we sent $X billions, but Zelenskyy says he received only $0.5X billions” which could have been spent here, not to mention millions of lives spared (the latter doesn’t affect ordinary Americans directly, but there you go)…

> Many people disagree with the Covid response.

Who was president in 2020? Who did the first round of stimulus?

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