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Thoughts on Trump making $25 billion overnight by launching his own cryptocurrency?

Uh isn’t that what an investment banker does?
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Buttcoiners are praying that the US taxpayers will find their exit liquidity via a "strategic reserve."
It's worldwide and expanding, Sis! Been hearing nonsense like this ^ since it was at $1000. You do understand its been growing, adapting and expanding its worldwide acceptance for 16 years now, right?
 
I must be. Been called out by the left and the right in the same thread for voicing my opinion. 🤷‍♂️
These are totally the same thing. The new President starting a crypto biz 1 day before taking office and another member of Congress that financially benefits from office. Exact same thing.
 
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It's worldwide and expanding, Sis! Been hearing nonsense like this ^ since it was at $1000. You do understand its been growing, adapting and expanding its worldwide acceptance for 16 years now, right?

Number go up
 
Note that to make money people have to hype cryptos because they need more people to join up to make money. So this troll with .0000000001 BTC has to stand it all around the forums on the hope of making 28 rubles.
Good god, buy a book.
 
Some people were probably kicking themselves for missing out on Enron, until they weren't. This far into crypto I would say it's best use cases are fraud, extortion, laundering, and just crime in general. Looks like there was certainly some people alerted to "invest" on Trump coin before hand, and many of those already cashed out.

When you think about a meme coin like this Trump coin, it was created out of thin air with no value on it until people put money in it. Of course in this period of creating it out of thin air, some employees, owners, and insiders are given stake. It is worth literally nothing until people start adding money, adding money is about the only thing that will increase price unless they have a coin burning mechanism which can also adjust the price somewhat but only after money is in the system.

So an issue is some people have stake which was created from nothing, when they pull out they essentially take money from other people. That creates a bit of a situation if enough people leave because enough money was taken out of the system by people that had no money in the system so some people will be left with their money stick because of a lack of exit liquidity.

It's a pump and dump and a Ponzi. It is also gambling. It will be really interesting when the ecosystem fails. It could take a while because they keep creating new coins, advertise them or hype them, and pull in more suckers. This is going to be interesting to look back on in history books.
"...it was created out of thin air with no value on it..."

Ohh. Sort of like our very own Federal Reserve notes, err, 'dollar'.

And as far as Ponzi schemes go, you do realize that's what Social Security is, right?
The only that separates the two is that SS comes with a government seal of approval and, oh yeah, ISN'T voluntary.

Caveat emptor.
 
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"...it was created out of thin air with no value on it..."

Ohh. Sort of like our very own Federal Reserve notes, err, 'dollar'.

And as far as Ponzi schemes go, you do realize that's what Social Security is, right?
The only that separates the two is that SS comes with a government seal of approval and, oh yeah, ISN'T voluntary.

Caveat emptor.
Social Security isn't a Ponzi scheme. It was self-sufficient until the government started borrowing from it. This isn't new news.
 
HuNTeR!!!
10 Percent Joe!!!
Goldmom must have dumped her savings into this one.
 
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Social Security isn't a Ponzi scheme. It was self-sufficient until the government started borrowing from it. This isn't new news.
So it didn't start OUT as a Ponzi scheme...but it is now.

And the fact that no legal stipulations were put in place to prevent such an occurrence means that was probably their intent all along.
 
Buttcoiners are praying that the US taxpayers will find their exit liquidity via a "strategic reserve."

Unnecessary.
Trillion dollar deficits are here to stay.
The USD price of Bitcoin will continue to rise until they stop running deficits.
Care to predict when that will happen?
 
So it didn't start OUT as a Ponzi scheme...but it is now.

And the fact that no legal stipulations were put in place to prevent such an occurrence means that was probably their intent all along.
So the government made it a ponzi scheme. It's not the citizens that paid into it with taxes. Thanks for disproving your point.
 
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The absolute definition of corruption and the MAGA idiot brigade cheers it on and gives him their money. This is the dumbest country on Earth and it isn't even close.
It’s funny except when I think about all the members of the military who fought and died fighting against the very bullshit idiots are embracing by electing Trump and his billionaire donors. We have millions literally celebrating handing over democracy. I despise all of them.
 
It’s funny except when I think about all the members of the military who fought and died fighting against the very bullshit idiots are embracing by electing Trump and his billionaire donors. We have millions literally celebrating handing over democracy. I despise all of them.
God forbid someone have a different opinion than you. lol
 
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