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

Post by csomar » Wed, Apr 30, 2025, 4:03 PM UTC

revel wrote: post #64

I was a big enough believer in crypto to literally start a company in this space only to leave it completely disenchanted and deeply pessimistic about the direction of the industry. I felt that there were many real legal and regulatory challenges that governments just didn't want to deal with. No government wants to enable money laundering, black markets, corruption and terrorism; or so I thought! Now we're in a situ…

Post by ujkhsjkdhf234 » Wed, Apr 30, 2025, 4:10 PM UTC

mexicocitinluez wrote: post #117

_mlbt wrote: post #75

Earlier quoted context omitted.

This just isn’t true, it is easy to find blatant corruption tied to politicians at all levels from both parties. Look at California, New York, Chicago, and Baltimore, look at the Biden family, the Clintons, Nancy Pelosi, Letitia James, the Democrats are just as corrupt, the mainstream media just reports on it less.

hahahha you just named a bunch of people with no criminal charges. That's it? hahaha

Post by shwaj » Wed, Apr 30, 2025, 4:30 PM UTC

hypeatei wrote: post #110

shwaj wrote: post #107

Earlier quoted context omitted.

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?

Post by rchaud » Wed, Apr 30, 2025, 4:31 PM UTC

whatever1 wrote: post #50

yalogin wrote: post #46

The amount of corruption and incompetence ignored by his base is staggering. This is all because they don’t like immigration?

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).

Post by immibis » Wed, Apr 30, 2025, 4:34 PM UTC

angusturner wrote: post #58

angusturner wrote: post #56

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).