He mostly stole it from his idiotic voter base, so it's a net positive in my book.
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+
#22He mostly stole it from his idiotic voter base, so it's a net positive in my book.
Some of it was done to receive bribes in exchange of favors from the govt. We all paid for that shit.
Re: A sitting US president launched two memecoins that wiped out $4.3B+
#23He 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.
Re: A sitting US president launched two memecoins that wiped out $4.3B+
#24Re: A sitting US president launched two memecoins that wiped out $4.3B+
#25Re: A sitting US president launched two memecoins that wiped out $4.3B+
#26He mostly stole it from his idiotic voter base, so it's a net positive in my book.
> 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.
One of my favorite books is Excellent Cadavers. It's about two judges in Sicily who systematically rooted out the Mafia. And were both assassinated for their work.
The moral is: action is necessary. Trump is hoping we all stop at trying to find empathy for his team.
Re: A sitting US president launched two memecoins that wiped out $4.3B+
#27He mostly stole it from his idiotic voter base, so it's a net positive in my book.
That's what I thought as well at first, but I've come to think that is just the cover story. While some of his base likely did buy in, I expect that _most_ of the inflows were from individuals or groups looking to influence the administration (aka bribes).
Re: A sitting US president launched two memecoins that wiped out $4.3B+
#28If the mean is large, it's mostly an off-the-books bribery scheme. If the average stake is small, it's mostly a pump-and-dump con of regular people.
But it was probably just a gambling scheme with just one big bet, where as ever, the house always wins.
Re: A sitting US president launched two memecoins that wiped out $4.3B+
#29Earlier 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.
I agree with your sentiment but I no longer think empathy is a good long term plan. One of my favorite books is Excellent Cadavers. It's about two judges in Sicily who systematically rooted out the Mafia. And were both assassinated for their work. The moral is: action is necessary. Trump is hoping we all stop at trying to find empathy for his team.
I'm not talking about his team, I'm talking about the people who voted for him.
For instance, he wouldn't have even got off the ground if free trade hadn't decimated the US manufacturing sector. I won't fault anyone with a blue-collar job for voting for him, because the choice was him vs. some neoliberal. When the choices are bad, I understand making a desperate move.
And now we have even worse polarization, which fuels his type even more. More and deeper polarized "action" (like the snide remark I responded to upthread) is not the way to make things better.
Re: A sitting US president launched two memecoins that wiped out $4.3B+
#30Earlier quoted context omitted.
I agree with your sentiment but I no longer think empathy is a good long term plan. One of my favorite books is Excellent Cadavers. It's about two judges in Sicily who systematically rooted out the Mafia. And were both assassinated for their work. The moral is: action is necessary. Trump is hoping we all stop at trying to find empathy for his team.
> Trump is hoping we all stop at trying to find empathy for his team. I'm not talking about his team, I'm talking about the people who voted for him. For instance, he wouldn't have even got off the ground if free trade hadn't decimated the US manufacturing sector. I won't fault anyone with a blue-collar job for voting for him, because the choice was him vs. some neoliberal. When the choices are bad, I understand maki…