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Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

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Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#371

Post by the_af »

AbraKdabra wrote: post #342
_t9ow wrote: post #202

Earlier quoted context omitted.

How are comments like this ("Tell me X without telling me X") helpful? This is such a low-effort reply; at least briefly explain why you disagree with OP.

Why am I being judged by a low effort reply when even OP didn't care to tell us in detail why "Milei helping the economy is far from the truth". Such stupidity should only be answered with another low effort statement. It doesn't care where you are in the political spectrum, objectively Milei is annihilating inflation, we have primary superavit, lowered state expenses among other fantastic things he did for our count…

A very partisan statement from you.

In reality, Milei is wrecking our country. Very high cost of living, poor people begging on the streets, inflation kept low at the cost of depressing the economy and wrecking our industry, factories closing down, etc. It's not hard to keep inflation low if you're willing to destroy the country.

And, you know, being involved in crypto-scams. But that's just the cherry on top. Maybe his dead dog Conan told him to do it, or so his medium told him. (Yes, he does speak to his dead dog via a medium, not making this up).

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#372

Post by the_af »

ranyume wrote: post #348
jcarrano wrote: post #261

Let's see it another way: there's absolutely no way that in the 2-3 hours the post was up a person not familiar with the gamblecoin ecosystem could purchase $LIBRA, let alone pour thousands of dollars in. The people who lost money are all professional memecoin gamblers, and the ones who pocketed in are obviously connected to the project leaders. Cyptobros want to have unlimited freedom to trade whatever they want wit…

> For all the outrage, I yet have to see a single person in Argentina produce a TXHASH that proves they put money on the project. Normally people here (arg) don't follow politicians they don't like on X. It's probable that most argentines that put in any money were his own followers. Among those, there were very well known influencers that actually did complain about the whole issue saying they lost money but they la…

In fact, people who criticize Milei or deviate from what he considers the norm, however mildly, get thrown out of government (see: Ramiro Marra). He has a troll farm run by influencers who will ostracize anyone who criticizes Milei. It's very likely Fran Fijap was told by them to delete his post "or else"...

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#373

Post by lavezzi »

TZubiri wrote: post #361
lavezzi wrote: post #359

Earlier quoted context omitted.

> Great take regarding 1 and 2. lmao, where is the great take? Regardless of whether this was marketed as as memecoin or a "financial instrument to help finance small Argentinan enterprises" they are fundamentally the same thing - a fucking scam. This is equivocal to the amount of effort you would put in to polishing a turd - it doesn't matter as the end result is exactly the same. What makes it worse is that you'd e…

>Regardless of whether this was marketed as as memecoin or a "financial instrument to help finance small Argentinan enterprises" they are fundamentally the same thing - a fucking scam. You lack the gift of nuance, your axiom is crypto=bad, so you are not seeing any difference between what the coin was technically and how it was sold, and that very difference is the basis of fraud. A "financial instrument to help fina…

> You lack the gift of nuance

No, I lack patience for obvious bullshit, and to even attempt to defend such an obvious grift is genuinely pathetic.

> Trump didn't suggest it was an actual investment vehicle, also he did it out of office.

Let me paraphrase: "Trump said it was a scam up-front, so therefore he's absolved of any responsibility for it being a scam. Trump announced his scam three days before his SECOND inauguration, therefore there is no conflict of interest or abuse of power."

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#374

Post by aerhardt »

CraigJPerry wrote: post #223
dysoco wrote: post #69

Just to clarify, here are some important differences compared to the Trump case: 1. Milei did not sell this as a memecoin at all, unlike Trump, he sold it as a "financial instrument to help finance small Argentinan enterprises". 2. Trump tweeted about $TRUMP BEFORE stepping into office, Milei is already the president of Argentina. This constitutes an obvious ethical violation, and possibly a legal one as well. 3. 80%…

>> how he's a genius in economy and he's helping Argentina's economy If he doesn’t succeed, it’s hard to see how the Austrian school of economics can continue. With heavyweights such as George Selgin endorsing Milei’s performance to date, it’s going to require some very adept use of the reverse gear if things are subsequently judged not to have panned out as planned (which appears to be the typical outcome of other a…

> the current increased poverty levels in Argentina

Define "current increased", last data I can find from El País [1] - which is a leftist source - and I have seen repeated in many other outlets - Argentinian and international - is that poverty has seen a sharp decrease in the second half of 2024, and is the same as pre-Milei levels.

[1] https://elpais.com/argentina/2024-12-21/milei-celebra-una-ba...

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#375

Post by Daishiman »

otherme123 wrote: post #364
Daishiman wrote: post #322

Earlier quoted context omitted.

We don’t really look at publishing metrics here to define what makes a good university; that is mostly determined here by the difficulty and completeness of the programs. The University of Buenos Aires and a few other national public universities are considered by all to be the most prestigious, along with the private universities of Instituto Di Tella and the ITBA. Lesser national universities rank second along with…

The University of Buenos Aires is excellent . Is ranked, by the same rank you dismissed in another message, as the 71th place, the number 1 in whole Latin America. You cannot dismiss every University below 71th place as "ridiculously low bar". This is like saying "UBA is shit, because MIT is better". I know your type: you throw bold assertions left and right, without a single source to back up. When somebody ask for…

We don't care about in Latin America about first-world instutional ranking metrics that play by the game of publish-or-perish and I don't care about convincing anyone; just ask around in Argentina or ask any academic researcher from the country what the most prestigious institutions are and you'll get a unanimous opinion.

> Did you know that Milei got his second Master at Instituto Di Tella? Guess he is elite now, by your own standards!

He did not _finish_ the master at all. https://www.lanacion.com.ar/cultura/otro-dato-academico-impr...

He is a fraud. His thesis is plagiarized wholesale. He is an absolute moron addled on mood stabilizers as has been said by everyone who knows him.

Just look at him in one of the _very few unscripted interviews he's had_ . https://www.youtube.com/watch?v=zcpAtBNzQEQ

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#376

Post by argentinian »

Daishiman wrote: post #375
otherme123 wrote: post #364

Earlier quoted context omitted.

The University of Buenos Aires is excellent . Is ranked, by the same rank you dismissed in another message, as the 71th place, the number 1 in whole Latin America. You cannot dismiss every University below 71th place as "ridiculously low bar". This is like saying "UBA is shit, because MIT is better". I know your type: you throw bold assertions left and right, without a single source to back up. When somebody ask for…

We don't care about in Latin America about first-world instutional ranking metrics that play by the game of publish-or-perish and I don't care about convincing anyone; just ask around in Argentina or ask any academic researcher from the country what the most prestigious institutions are and you'll get a unanimous opinion. > Did you know that Milei got his second Master at Instituto Di Tella? Guess he is elite now, by…

There's a reddit user with your same nick, and 80% of his posts are about criticizing Milei. The passion with which you do that is remarkable.

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#377

Post by Daishiman »

argentinian wrote: post #376
Daishiman wrote: post #375

Earlier quoted context omitted.

We don't care about in Latin America about first-world instutional ranking metrics that play by the game of publish-or-perish and I don't care about convincing anyone; just ask around in Argentina or ask any academic researcher from the country what the most prestigious institutions are and you'll get a unanimous opinion. > Did you know that Milei got his second Master at Instituto Di Tella? Guess he is elite now, by…

There's a reddit user with your same nick, and 80% of his posts are about criticizing Milei. The passion with which you do that is remarkable.

The day you realize that defunding critical public institutions sets backs countries by decades maybe you’ll get pissed off too.

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#378

Post by habinero »

EGreg wrote: post #335
llamaimperative wrote: post #320

Earlier quoted context omitted.

But you can implement transactions without any recourse trivially using existing technology today... > Web3 can prevent a whole class of problems that normally would require after-the-fact arbitration to fix. Such as? > This is the massive improvement over code that runs inside some server farm and can be switched up anytime. Massive theoretical improvement. No debate there. The question is about applicability, which…

Are you serious? There are so many problems it can prevent, because they are nearly impossible to occur now: 1) People can only act as themselves, they can't log into the database and corrupt all the data in a table, so there is no need to recover from massive systemic corruption (this is the big one ) 2) Business rules of smart contracts are enforced, and you know that the state transitions happen exactly as they sh…

> People can only act as themselves, they can't log into the database and corrupt all the data in a table, so there is no need to recover from massive systemic corruption

I don't understand why you think this is so critical? This is a solved problem - just have backups and basic security. If it's really critical, there's a lot of ways to log changes. It's not a big deal.

> Business rules of smart contracts are enforced, and you know that the state transitions happen exactly as they should

Ok, but we have that already. They're called regular contracts. If they have bugs or unexpected problems or someone doesn't follow through, you can get the state to make them.

> In an auction, the highest bidder is the one who actually wins, it can't be hacked

And how often is this a problem, exactly? The article says it happens maybe once every five or six years.

> 2-5

We have all of this already. Banks, HR software, escrow, reserves. It works fine.

You want the ability to unwind a contract or a transaction if something goes wrong. In fact, the contracts are only really used if things go wrong. Most of the time, the parties just follow the contact voluntarily.

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#379

Post by habinero »

EGreg wrote: post #132
mvdtnz wrote: post #92

Earlier quoted context omitted.

Same way people have earned money for millennia I suppose. If it has value it will be paid for.

Yes, exactly. It will be paid for in a coin that was issued by the community or the celebrity themselves. The celebrity gets to have their own web server, their own coin, etc. making them independent of Big Tech and Big Banks. They can't get deplatformed. Their community can organize however they deem fit. The smart contracts allow everyone to trust the system. Just saying someone will "pay you" like they did for mil…

Almost nobody considers "deplatforming" to be a serious concern.

The kinds of people who are concerned are almost always people who engaging in risky or criminal behavior.

In the existing system, people can claw back money if they're defrauded or money is stolen. Under the memecoin system, that's impossible.

Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M

#380

Post by saagarjha »

southernplaces7 wrote: post #363
saagarjha wrote: post #205

Earlier quoted context omitted.

Uh, let's not do that? You can criticize his policies just fine without talking about what preceded him.

Really? A politician shouldn't be criticized or applauded within the context of the long-running political system that preceded him and just maybe, you know, possibly might have had something to do with his being elected, the choices he makes, and their social effects? Don't be ridiculous. Decades of abysmal government in Argentina is damn important in any conversation about its current administration.

A lot of words for, let’s remind ourselves, is a head of state endorsing a crypto scam. I’d be far more sympathetic if this was a discussion of something complex like Argentina’s economy. It’s not.
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