Now that Barron is a legal adult, his father has to pull him into the family criminal enterprises, because that is how mafia dons operate. So, his path is now set by his family, but I see none of the female Trumps are involved in this business. Wonder who the daughter is going to vote for. Her life will be better if her father is not president. She can try to fade into the background if he is out of office, but fat chance if she is in it. The children are all doomed to be forced into lives of crime unless they break free. Not that I feel sorry for them compared to the millions of children in this country and on this planet who will be adversely effected if Trump wins again.
I know. I assume Tiffney will vote for her father. She did not seem to get so much scrutiny as her sister. Wonder whether Ivana's life would benefit from the scrutiny another win would give her family.
I think you mean Ivanka. Her mother, who passed away, was Ivana.
You certainly brought back a LOT of memories.
Probably several reasons Tiffany has not received the same level of scrutiny. There’s no reporting she tried to wrangle her way into the government; get foreign trademarks, sit in on meeting with foreign heads of state and all that. I have no clue why Ivanka would think as an “advisor” to daddy she’d not wind up being tarnished. Seems to be keeping away from the campaign & her father’s legal problems. Except when she had to testify about her role. https://apnews.com/article/trump-fraud-lawsuit-trial-ivanka-trump-testimony-1795382ea1d2c33faefbb40a0907feca Her husband also — except behind the scenes doing things like getting trump the Spanish language TV softball interview. I believe his personal connection gave Jarod leverage needed for that.
Remember all the reporting that Ivanka wanted to act as the First Lady? And expressed a desire to be president. I remember reading a perhaps sarcastic article very early in the trump administration about whether Don jr. & Ivanka were feuding over who would run first. Jarod had all ready agreed to step back so Ivanka could be the 1st woman president.
Does anyone feel relieved to know that Baron Trump is De Fi Visionary? Oh, that rug keeps pulling out from under anyone allied to Trump. Donald's plan to control finance, "World Liberty Financial, has not even launched yet, and it has already unwittingly facilitated two scams." I have suspected Anything CRYPTO to be synonymous with FRAUD since first hearing about it. I feel sorry for those who've dabbled and had that rug pulled out from under them,
As a blockchain developer for the last 5 years, I can state with 100% certainty that the sweeping generalization of “Anything crypto is fraud” is false.
The problem is that there's absolutely no way to tell what's a fraud and what's not. Crypto is currently functioning as the equivalent of the wild, wild west in finance back in the days when many different US cities and states had their own currency and banking regulations were sorely lacking. It was not uncommon for bankers to skip town with all their customer's deposits. In the end, enough people were ripped off that centralized banking and national regulations were put in place to prevent such rip offs. Using crypto to go back to those days is a massive mistake.
Yes and no - in some ways it's not any different from any other kind of fraud. If someone is promising you the moon, if it sounds too good to be true, it probably is. Sometimes it's hard to tell when something is fraud in regular finance and there are plenty of examples. However if you want more of a sure thing then you go with established projects that have demonstrated staying power and reliability. When you are choosing an investment company, do you with a brand new investment platform that just launched, or do you pick something like Morgan Stanley?
People need to learn to recognize a risky investment whether it's using USD, stocks or crypto, and also learn the rule that you should never invest more than you can afford to lose, if you do choose something risky.
Sweeping generalizations in general are not 100% accurate. So that’s not blockbuster news. In addition to not being able to tell the difference (as already mentioned here) it is a fave tool of fraudsters and gamblers. I notice you haven’t said how to tell the difference or how you can state that with 100% certainty. That would be more helpful IMO.
Fair enough. Because I have helped implement blockchain projects that aren't fraudulent. Or are you asking for concrete examples?
Bitcoin, Ethereum, Solana, Polygon, Filecoin, and Polkadot cryptocurrencies/blockchains (a cryptocurrency is just the token of a blockchain) are not fraudulent, they are not scams. OpenSea, which is an NFT marketplace that runs on Ethereum, isn't either. There are other NFT-based applications which are doing digital collectors' cards, such as NBA TopShot. OpenSea's wasn't technically careful with their NFT contract; so while it's sloppy, it's not fraud. I worked on Filecoin. There is a new startup that is building on top of Filecoin to achieve affordable, personal decentralized storage and I know people who work there. I'm not certain they'll succeed because they have some tough problems to solve but it's not a scam.
Yes, I think of crypto & NFTs as speculative and leave those I think of as mere participants at the mercy of whoever sets it up.
It’s my understanding that blockchains have other applications, although crypto depends on blockchains. Other industries that would use the technology are regulated. Health care patient data for instance which does not involve currency.
I vaguely remember Kraken getting shutdown. Had to look it up. It seems they were not properly registered & were not making proper disclosures to the “non-rich” people. IOW, offering up to 21% return on investment but in the complicated world of crypto there was something else. The token thing is probably much more familiar to you.
.“When investors provide tokens to staking-as-a-service providers, they lose control of those tokens and take on risks associated with those platforms, with very little protection.” …
“Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures and safeguards required by our securities laws,” said SEC Chair Gary Gensler.”
I agree completely regarding disclosures. That should already have been established law and the US has completely dragged its feet on crypto regulation, whereas the EU already has a regulatory framework in place. This lack of movement has really hurt my company to where we have a community rewards program that can only operate in the EU. We can't even tell our US users about it. The SEC had (may still have) an actual office inside of Coinbase. Coinbase was trying to work with them to ensure they would be within the law.
What they're talking about, regarding staking as a service, is the problem of custodial wallets. When you buy a cryptocurrency on an exchange you are letting the platform operate on your behalf. You don't have the private keys that would let you send and receive token. You have to use the platform as a middleman. All they do is note in their database that you have purchased say .001 ETH tokens with your $100 USD. But they hold the private keys. So if the platform fails, because it's not real USD they are not FDIC insured. That means you could lose ALL of your money. And I did, I had some very small amount on a New Zealand exchange that went belly up probably 4 years ago. They were liquidated and the process of paying back people who had money on the exchange isn't finished. I will probably never see any of it. But I didn't put much on there because it was new and I was learning how it all worked.
It's safer to buy on an exchange and then transfer to a hardware wallet like Ledger, where you write down your seed phrase. Then all you have to worry about is whether the currency itself goes away or just loses value. But most people don't know that and it wasn't made clear at all. And seed phrases, wallets, etc. aren't things people tend to know how to use.
OK, the US has been slow to move on crypto. It’s worth pointing out that there are members of one party who want to replace US currency, with crypto. I doubt they’d want the same regulations as the EU. On the other hand, the characters who shut down had failed to follow existing SEC law.
And it is good to point out that like certain things, like:
A. investments in crypto are not insured by the FDIC.
B. these are complex largely unregulated markets most people do not understand.
Great to see there’s 30% ownership available to incentivize some poor underpaid SCOTUS chaps and future WH Cabinet geeks. Probably take until Q3 2025 to tank completely. And that useless US cash will be available to stuff cracks in our windows once Trump makes it illegal in favor of Trumpcoin. Truly great days ahead.
I'd like to add a tangential, but very important, comment about Crypto in general.
Did you know that Crypto will add significantly to the rate of global heating, and hence Climate Disruption?
All those servers needed to keep track of all those Block Chains require huge amounts of energy. In upstate New York, a decommissioned coal-fired power plant was resuscitated for this purpose. (As I recall, it was near Rochester). The Republican Supermajority in the Kentucky state legislature want to make Kentucky the Crypto Capital of the nation by keeping old, inefficient coal-fired power plants running. That process has already begun in eastern Kentucky (Appalachia). Number of jobs for one of those server unit locations is only 3 or 4, if that. Just google these examples, please, as I don't have the article links at the ready.
So, Crypto is fast becoming a major cause of climate change! Who benefits and who pays the price of that?
Always the grift! Is this partly because Trump has run his business into the ground and his finances are being monitored. after the fraud finding? He needs another way to pull money away from other people.
Whenever they talk about Paxos, they are talking about centralized control.
Bitcoin's PoW is supposedly decentralized.....but in fact is dominated by a few crypto miners whose computing resources dwarf the guy with his ASIC in his bedroom (These are the people who take coal-fired power plants out of retirement just for mining).
It’s fun and depressing watching tech bros discover macroeconomics in real time. They’re adorable when they think they’ve discovered something when it’s just a rebrand of the current process.
I’m excited for when they revolutionize cars by replacing the wheel with metalcylinder wrapped in RubberTubify
You are way behind on your info. You can’t mine BTC with an ASIC in your bedroom and haven’t been able to for probably ten years now. But ever since China banned most cryptocurrency, mining operations did become more decentralized, and coal is no longer as dominant a power source for mining…not that I support Proof of Work consensus models at all, they are still energy hogs and IMO should be banned.
Decentralized BS. Mining is effectively centralized in a few actors who have the computing power for PoW. "The guy with the ASIC in his bedroom" was an obvious caricature of the dupe who still thinks this is how BTC is mined. Blockchains that have moved away from PoW are even more centralized (PoS is basically Paxos with some governance pixie dust sprinkled over it). This is why, whenever anyone talks about DeFi, I assume they're a moron. There is no decentralized. At best, this technology is distributed databases with smoke and mirrors. At worst, it's a really really dumb way to solve problems already solved by distributed databases, that is going to destroy the planet.
G Taylor--My suggestion is that you and Shannon W meet at some random coffee shop and determine who is the more knowledgeable blockchain geek and then report back to the rest of us so we will know who to believe. 😇
I'm really not sure where G Taylor is getting their information. A couple of years ago my team analyzed over a dozen blockchains and one of our criteria was decentralized control. While there are chains that have the centralized control they mention, others do not. I also stake on Polkadot so I can see who the validators are. There are big players but Polkadot is pretty decentralized.
Maybe what they are seeing is that with most projects you have to start out "centralized" just because you be in control of it long enough for it to be boostrapped. This is what our Polkadot parachain had faced but I can say right now that 50% of our validators are not run by us. Although granted we are not doing DeFi. If you want to know more about what we're doing, go to frequency.xyz
Unfortunately blockchain is actually really complicated and it's an enormous field. I have a lot of colleagues who are not in the space but they still don't get it. Just because you are smart and you are in a related field doesn't mean you understand something. It's very frustrating trying to talk to technically knowledgeable people who are clearly operating with a Dunning-Kruger mindset. G Taylor's Paxos comment makes it obvious to me, but I don't know how to make it obvious in a comment section to people who are probably not engineers.
Calling other commenters morons is the kind of thing I would expect in the Fox News comment section and it is uncalled for. I'm speaking to you with basic courtesy and I expect the same in return.
I’m very certain that I never referred to you or G Taylor as “morons”. Not my style and “geek” is not a synonym. it is, however, a snarky admission of superior knowledge of those who labor in the blockchain space. No offense was meant.
MAGA refuses to learn their lesson, and I really don't feel sorry for anyone who continues to put their money into anything Trump owns or recommends. I do feel sorry for any children affected, but that's it.
I think my new favorite is the 'buy X amount of digital trading cards and I'll send you a REAL one'. Or 'buy X amount of trading cards and I'll send you a snippet of the suit I was wearing when I got shot'. Whew.
It’s too easy to call it jokingly “Weird Liberty Financial”.
I guess I don’t understand why an investor who usually is young and dips in the crypto “market” would enter a stake in this company. The point of course is to do it now . How can it be used as campaign financing?
First I want to make it clear that everything written here about World Liberty Financial and the new token enterprise stinks like a scam, including the name. Why anyone at this point believes any “business” DJT launches is not a complete scam is beyond me. He’s a total grifter.
I really wish people would not inject their media-hyped hot takes about crypto and blockchain into this. Scams are scams no matter what tool is used to do it. Unfortunately grifters have been attracted to blockchain because of the things that make it an excellent technology for many other purposes, not just cryptocurrency. Among the features are privacy and decentralized control. Outside of the US, including Europe, cryptocurrency and blockchain have a more positive reputation. For an example of the good blockchain can do for people, I invite everyone to look up The Rohingya Project.
By the way, Coinbase is a crypto exchange and services company. That publication you mentioned is Coindesk, not Coinbase.
I think part of the allure to Trump's supporters is that they can get in on the grift. They can ride the market waves with him, it's addictive, it's electric. It's like they are able to play on the world financial investment stage with their bucks while "Making America Great Again." Buy/sell, get rich like Trump. Put on those gold high tops and go to the rally, pay your 39.95 entrance fee... play the part. This is what it feels like to be someone and to be a part of a movement.
Art of the deal. He's selling a ponzi scheme to his supporters that only works if he gets elected. If he does, everyone who got in on Trump gets paid. Either through a better tax rate, more favorable regulatory environment, through sweetheart contracts, and now through cashing out on stock/crypto/EFTs that are pumped up so that they skyrocket in value before they crash back to Earth.
If he doesn't win, then all his supporters' investments go poof. A large percentage of his backers are so financially tied to a Trump win that they are akin to a struggling entrepreneur who mortgaged the house to prop up the business — they will never waiver. They're all in on Trump.
Risky scheme but brilliant/sad if he can pull it off. Not illegal if he wins and revises the law to make it legal. Spoils to the victors, winner takes all, etc. The law is what the people who make the law say it is. He's proven the model already the first time he went public. That was when he somehow became as Commander In Chief. Now the investments are much more sizable, as are the stakes.
Whoa, wait, hold on. Trump charges to get into his rallies? Those people pay $40 to see Trump? Has any other politician ever charged for a political rally?
Grifters gonna grift.
Now that Barron is a legal adult, his father has to pull him into the family criminal enterprises, because that is how mafia dons operate. So, his path is now set by his family, but I see none of the female Trumps are involved in this business. Wonder who the daughter is going to vote for. Her life will be better if her father is not president. She can try to fade into the background if he is out of office, but fat chance if she is in it. The children are all doomed to be forced into lives of crime unless they break free. Not that I feel sorry for them compared to the millions of children in this country and on this planet who will be adversely effected if Trump wins again.
He's got 2 daughters
I know. I assume Tiffney will vote for her father. She did not seem to get so much scrutiny as her sister. Wonder whether Ivana's life would benefit from the scrutiny another win would give her family.
I think you mean Ivanka. Her mother, who passed away, was Ivana.
You certainly brought back a LOT of memories.
Probably several reasons Tiffany has not received the same level of scrutiny. There’s no reporting she tried to wrangle her way into the government; get foreign trademarks, sit in on meeting with foreign heads of state and all that. I have no clue why Ivanka would think as an “advisor” to daddy she’d not wind up being tarnished. Seems to be keeping away from the campaign & her father’s legal problems. Except when she had to testify about her role. https://apnews.com/article/trump-fraud-lawsuit-trial-ivanka-trump-testimony-1795382ea1d2c33faefbb40a0907feca Her husband also — except behind the scenes doing things like getting trump the Spanish language TV softball interview. I believe his personal connection gave Jarod leverage needed for that.
Remember all the reporting that Ivanka wanted to act as the First Lady? And expressed a desire to be president. I remember reading a perhaps sarcastic article very early in the trump administration about whether Don jr. & Ivanka were feuding over who would run first. Jarod had all ready agreed to step back so Ivanka could be the 1st woman president.
https://people.com/politics/ivanka-trump-dad-hair-first-woman-president/
Does anyone feel relieved to know that Baron Trump is De Fi Visionary? Oh, that rug keeps pulling out from under anyone allied to Trump. Donald's plan to control finance, "World Liberty Financial, has not even launched yet, and it has already unwittingly facilitated two scams." I have suspected Anything CRYPTO to be synonymous with FRAUD since first hearing about it. I feel sorry for those who've dabbled and had that rug pulled out from under them,
I don't feel sorry for morons who get scammed by Trump and family.
I feel for those who got caught up in this (crypto $) probably years ago...nothing to do with the "Trump Believers."
As a blockchain developer for the last 5 years, I can state with 100% certainty that the sweeping generalization of “Anything crypto is fraud” is false.
The problem is that there's absolutely no way to tell what's a fraud and what's not. Crypto is currently functioning as the equivalent of the wild, wild west in finance back in the days when many different US cities and states had their own currency and banking regulations were sorely lacking. It was not uncommon for bankers to skip town with all their customer's deposits. In the end, enough people were ripped off that centralized banking and national regulations were put in place to prevent such rip offs. Using crypto to go back to those days is a massive mistake.
Yes and no - in some ways it's not any different from any other kind of fraud. If someone is promising you the moon, if it sounds too good to be true, it probably is. Sometimes it's hard to tell when something is fraud in regular finance and there are plenty of examples. However if you want more of a sure thing then you go with established projects that have demonstrated staying power and reliability. When you are choosing an investment company, do you with a brand new investment platform that just launched, or do you pick something like Morgan Stanley?
People need to learn to recognize a risky investment whether it's using USD, stocks or crypto, and also learn the rule that you should never invest more than you can afford to lose, if you do choose something risky.
Sweeping generalizations in general are not 100% accurate. So that’s not blockbuster news. In addition to not being able to tell the difference (as already mentioned here) it is a fave tool of fraudsters and gamblers. I notice you haven’t said how to tell the difference or how you can state that with 100% certainty. That would be more helpful IMO.
Fair enough. Because I have helped implement blockchain projects that aren't fraudulent. Or are you asking for concrete examples?
Bitcoin, Ethereum, Solana, Polygon, Filecoin, and Polkadot cryptocurrencies/blockchains (a cryptocurrency is just the token of a blockchain) are not fraudulent, they are not scams. OpenSea, which is an NFT marketplace that runs on Ethereum, isn't either. There are other NFT-based applications which are doing digital collectors' cards, such as NBA TopShot. OpenSea's wasn't technically careful with their NFT contract; so while it's sloppy, it's not fraud. I worked on Filecoin. There is a new startup that is building on top of Filecoin to achieve affordable, personal decentralized storage and I know people who work there. I'm not certain they'll succeed because they have some tough problems to solve but it's not a scam.
Yes, I think of crypto & NFTs as speculative and leave those I think of as mere participants at the mercy of whoever sets it up.
It’s my understanding that blockchains have other applications, although crypto depends on blockchains. Other industries that would use the technology are regulated. Health care patient data for instance which does not involve currency.
I vaguely remember Kraken getting shutdown. Had to look it up. It seems they were not properly registered & were not making proper disclosures to the “non-rich” people. IOW, offering up to 21% return on investment but in the complicated world of crypto there was something else. The token thing is probably much more familiar to you.
.“When investors provide tokens to staking-as-a-service providers, they lose control of those tokens and take on risks associated with those platforms, with very little protection.” …
“Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures and safeguards required by our securities laws,” said SEC Chair Gary Gensler.”
https://www.sec.gov/newsroom/press-releases/2023-25
I agree completely regarding disclosures. That should already have been established law and the US has completely dragged its feet on crypto regulation, whereas the EU already has a regulatory framework in place. This lack of movement has really hurt my company to where we have a community rewards program that can only operate in the EU. We can't even tell our US users about it. The SEC had (may still have) an actual office inside of Coinbase. Coinbase was trying to work with them to ensure they would be within the law.
What they're talking about, regarding staking as a service, is the problem of custodial wallets. When you buy a cryptocurrency on an exchange you are letting the platform operate on your behalf. You don't have the private keys that would let you send and receive token. You have to use the platform as a middleman. All they do is note in their database that you have purchased say .001 ETH tokens with your $100 USD. But they hold the private keys. So if the platform fails, because it's not real USD they are not FDIC insured. That means you could lose ALL of your money. And I did, I had some very small amount on a New Zealand exchange that went belly up probably 4 years ago. They were liquidated and the process of paying back people who had money on the exchange isn't finished. I will probably never see any of it. But I didn't put much on there because it was new and I was learning how it all worked.
It's safer to buy on an exchange and then transfer to a hardware wallet like Ledger, where you write down your seed phrase. Then all you have to worry about is whether the currency itself goes away or just loses value. But most people don't know that and it wasn't made clear at all. And seed phrases, wallets, etc. aren't things people tend to know how to use.
OK, the US has been slow to move on crypto. It’s worth pointing out that there are members of one party who want to replace US currency, with crypto. I doubt they’d want the same regulations as the EU. On the other hand, the characters who shut down had failed to follow existing SEC law.
And it is good to point out that like certain things, like:
A. investments in crypto are not insured by the FDIC.
B. these are complex largely unregulated markets most people do not understand.
Thanks.
Great to see there’s 30% ownership available to incentivize some poor underpaid SCOTUS chaps and future WH Cabinet geeks. Probably take until Q3 2025 to tank completely. And that useless US cash will be available to stuff cracks in our windows once Trump makes it illegal in favor of Trumpcoin. Truly great days ahead.
Only if we fail at our job. We have one job: Using our vote to prevent an authoritarian takeover.
Compulsive criminality is the hallmark of the Trump family and all of its “enterprises”. The US Treasury is his ultimate goal.
I'd like to add a tangential, but very important, comment about Crypto in general.
Did you know that Crypto will add significantly to the rate of global heating, and hence Climate Disruption?
All those servers needed to keep track of all those Block Chains require huge amounts of energy. In upstate New York, a decommissioned coal-fired power plant was resuscitated for this purpose. (As I recall, it was near Rochester). The Republican Supermajority in the Kentucky state legislature want to make Kentucky the Crypto Capital of the nation by keeping old, inefficient coal-fired power plants running. That process has already begun in eastern Kentucky (Appalachia). Number of jobs for one of those server unit locations is only 3 or 4, if that. Just google these examples, please, as I don't have the article links at the ready.
So, Crypto is fast becoming a major cause of climate change! Who benefits and who pays the price of that?
Always the grift! Is this partly because Trump has run his business into the ground and his finances are being monitored. after the fraud finding? He needs another way to pull money away from other people.
Oops -- DEcentralized FInance is "DeFi".
"DiFi" is Dianne Feinstein.
I was struggling with the flip flopping in the article, thank you! Probably auto correct that they didn’t catch
I love that decentralized finance always ends up centralized because of course it does.
Whenever they talk about Paxos, they are talking about centralized control.
Bitcoin's PoW is supposedly decentralized.....but in fact is dominated by a few crypto miners whose computing resources dwarf the guy with his ASIC in his bedroom (These are the people who take coal-fired power plants out of retirement just for mining).
It was always a scam.
It’s fun and depressing watching tech bros discover macroeconomics in real time. They’re adorable when they think they’ve discovered something when it’s just a rebrand of the current process.
I’m excited for when they revolutionize cars by replacing the wheel with metalcylinder wrapped in RubberTubify
Thanks for the humor! (only the mentally ill lack a sense of humor!) ...even that remarkable invention of the wheel...
You’re not entirely wrong but there is still hope for blockchains to continue expanding to other uses.
You are way behind on your info. You can’t mine BTC with an ASIC in your bedroom and haven’t been able to for probably ten years now. But ever since China banned most cryptocurrency, mining operations did become more decentralized, and coal is no longer as dominant a power source for mining…not that I support Proof of Work consensus models at all, they are still energy hogs and IMO should be banned.
Decentralized BS. Mining is effectively centralized in a few actors who have the computing power for PoW. "The guy with the ASIC in his bedroom" was an obvious caricature of the dupe who still thinks this is how BTC is mined. Blockchains that have moved away from PoW are even more centralized (PoS is basically Paxos with some governance pixie dust sprinkled over it). This is why, whenever anyone talks about DeFi, I assume they're a moron. There is no decentralized. At best, this technology is distributed databases with smoke and mirrors. At worst, it's a really really dumb way to solve problems already solved by distributed databases, that is going to destroy the planet.
G Taylor--My suggestion is that you and Shannon W meet at some random coffee shop and determine who is the more knowledgeable blockchain geek and then report back to the rest of us so we will know who to believe. 😇
I'm really not sure where G Taylor is getting their information. A couple of years ago my team analyzed over a dozen blockchains and one of our criteria was decentralized control. While there are chains that have the centralized control they mention, others do not. I also stake on Polkadot so I can see who the validators are. There are big players but Polkadot is pretty decentralized.
Maybe what they are seeing is that with most projects you have to start out "centralized" just because you be in control of it long enough for it to be boostrapped. This is what our Polkadot parachain had faced but I can say right now that 50% of our validators are not run by us. Although granted we are not doing DeFi. If you want to know more about what we're doing, go to frequency.xyz
Unfortunately blockchain is actually really complicated and it's an enormous field. I have a lot of colleagues who are not in the space but they still don't get it. Just because you are smart and you are in a related field doesn't mean you understand something. It's very frustrating trying to talk to technically knowledgeable people who are clearly operating with a Dunning-Kruger mindset. G Taylor's Paxos comment makes it obvious to me, but I don't know how to make it obvious in a comment section to people who are probably not engineers.
Calling other commenters morons is the kind of thing I would expect in the Fox News comment section and it is uncalled for. I'm speaking to you with basic courtesy and I expect the same in return.
I’m very certain that I never referred to you or G Taylor as “morons”. Not my style and “geek” is not a synonym. it is, however, a snarky admission of superior knowledge of those who labor in the blockchain space. No offense was meant.
MAGA refuses to learn their lesson, and I really don't feel sorry for anyone who continues to put their money into anything Trump owns or recommends. I do feel sorry for any children affected, but that's it.
I think my new favorite is the 'buy X amount of digital trading cards and I'll send you a REAL one'. Or 'buy X amount of trading cards and I'll send you a snippet of the suit I was wearing when I got shot'. Whew.
Again, the Trump crime family aside, in this article, stupid is as stupid does.
Please (if there is a god) please god, please god, please god...punish the fn wicked mfs. Please.
You are a national treasure!
It’s too easy to call it jokingly “Weird Liberty Financial”.
I guess I don’t understand why an investor who usually is young and dips in the crypto “market” would enter a stake in this company. The point of course is to do it now . How can it be used as campaign financing?
It will be the same rubes who dumped their money into $DJT who see this as a way to get into “this crypto thing.”
First I want to make it clear that everything written here about World Liberty Financial and the new token enterprise stinks like a scam, including the name. Why anyone at this point believes any “business” DJT launches is not a complete scam is beyond me. He’s a total grifter.
I really wish people would not inject their media-hyped hot takes about crypto and blockchain into this. Scams are scams no matter what tool is used to do it. Unfortunately grifters have been attracted to blockchain because of the things that make it an excellent technology for many other purposes, not just cryptocurrency. Among the features are privacy and decentralized control. Outside of the US, including Europe, cryptocurrency and blockchain have a more positive reputation. For an example of the good blockchain can do for people, I invite everyone to look up The Rohingya Project.
By the way, Coinbase is a crypto exchange and services company. That publication you mentioned is Coindesk, not Coinbase.
Thank you for this clarification.
Awesome reporting by Judd and team!
Another Fraud Trump scam.
I hope all that invest in Fraud Trump's latest scam - Liberty Financial - lose their shirts!
Fraud Trump's followers/supporters are the dumbest people on Planet Earth.
I think part of the allure to Trump's supporters is that they can get in on the grift. They can ride the market waves with him, it's addictive, it's electric. It's like they are able to play on the world financial investment stage with their bucks while "Making America Great Again." Buy/sell, get rich like Trump. Put on those gold high tops and go to the rally, pay your 39.95 entrance fee... play the part. This is what it feels like to be someone and to be a part of a movement.
Art of the deal. He's selling a ponzi scheme to his supporters that only works if he gets elected. If he does, everyone who got in on Trump gets paid. Either through a better tax rate, more favorable regulatory environment, through sweetheart contracts, and now through cashing out on stock/crypto/EFTs that are pumped up so that they skyrocket in value before they crash back to Earth.
If he doesn't win, then all his supporters' investments go poof. A large percentage of his backers are so financially tied to a Trump win that they are akin to a struggling entrepreneur who mortgaged the house to prop up the business — they will never waiver. They're all in on Trump.
Risky scheme but brilliant/sad if he can pull it off. Not illegal if he wins and revises the law to make it legal. Spoils to the victors, winner takes all, etc. The law is what the people who make the law say it is. He's proven the model already the first time he went public. That was when he somehow became as Commander In Chief. Now the investments are much more sizable, as are the stakes.
Thank you for the key phrase “to be part of a movement.”
That sense of identity and belonging is why it is so hard for them to change course.
Well-espressed. (you write like you'd speak if you were a media journalist or teacher in front of a room)
Whoa, wait, hold on. Trump charges to get into his rallies? Those people pay $40 to see Trump? Has any other politician ever charged for a political rally?