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

nytimes.com

51–60 of 167 posts

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

#51
as a "crypto" enthusiast, this is sad to see that he is making this industry looking really bad - obviously he doesn't care, money is money. In the future, maybe even now, we are going to have those associating crypto to Trump ..

The lack of regulations in crypto make these scams legals without any fear of any repercussion

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

#53
post #27

Earlier quoted context omitted.

Lower turnout for Democrats, not Trump. Most of the stories about some demographic skewing right in 2024 are exaggerating the trend because most of those people voted for him in 2020, too, but many Biden voters stayed home. (I’m not saying that nobody changed their vote, only that looking at percentage point changes distorts the view unless you factor in disproportionate no-show rates.)

Texas attorney general Ken Paxton said the quiet part out loud recently: the efforts that he characterized as fighting voter fraud were straight up suppression of votes in Democratic majority districts. https://www.texasmonthly.com/news-politics/ken-paxton-voter-...

Exactly. The characterization that the entire margin was caused by Democrats staying home is hiding the fact that many were fraudulently disenfranchised.

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

#55

Earlier quoted context omitted.

Develop USA2.0 with various bugs fixed: no presidential pardon, supreme court reform, term limits, FBI removed from executive branch, etc.

Gonna need a Civil War 2.0 first.

You joke about these things but I'm afraid that's where we're heading.

Trump will close off as much opposition as he can in the next two years. Then spend a year convincing people that term limits aren't required by the constitution. By then we'll have had so many scandals and constitutional crisis events that just get ignored that it will happen.

Am I being overdramatic? Because this feels different. It feels openly hostile.

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

#56

as a "crypto" enthusiast, this is sad to see that he is making this industry looking really bad - obviously he doesn't care, money is money. In the future, maybe even now, we are going to have those associating crypto to Trump .. The lack of regulations in crypto make these scams legals without any fear of any repercussion

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.

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

#57
post #55

Earlier quoted context omitted.

Gonna need a Civil War 2.0 first.

You joke about these things but I'm afraid that's where we're heading. Trump will close off as much opposition as he can in the next two years. Then spend a year convincing people that term limits aren't required by the constitution. By then we'll have had so many scandals and constitutional crisis events that just get ignored that it will happen. Am I being overdramatic? Because this feels different. It feels openly…

[flagged]

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

#58

as a "crypto" enthusiast, this is sad to see that he is making this industry looking really bad - obviously he doesn't care, money is money. In the future, maybe even now, we are going to have those associating crypto to Trump .. The lack of regulations in crypto make these scams legals without any fear of any repercussion

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).

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

#60

presumably this is what the web 3.0 crowd who backed Trump, including our own hosts, had in mind

It's time to realize that our "industry leaders" are bad people who are actively enabling fascism in the pursuit of personal power.
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