Now it's all celebrity endorsement, hype and lies.
And having the US prez jump on that bandwagon and ride it while in office is just mind-boggling.
Seems like what's happening is unsurprising. A nation of spectators, not citizens.
I'd suspect there will be a lot of room for "non-official acts" charges related to Trump's pump-and-dump crypto schemes after he leaves office.
And fewer politicians are going to have incentive to stick with him then.
https://www.theverge.com/news/646426/a-1-million-per-head-di...
Is the Sovereign Bitcoin Fund bailout scam still on the table or is Bitcoin doing well enough so that it isn't needed any longer?
Now we're in a situation that's so much worse than I ever imagined -- Trump coins are vehicles for naked bribery and corruption with a sprinkle of encryption on top. I was worried about black markets, Trump has literally been using his office to grant access to top holders of his scam coin.
This is a big lesson for everyone about why some degree of regulation is necessary.
But after spending ~2y in the space, I realized another thing -- the people in this space right now are in it purely for speculation and monetary gains. There's a lot of talk about decade long horizons, but any app that achieves pmf in the short to medium term has to cater to the speculators or die.
We chose not to go down the path of launching a coin or doing speculative stuff, even though the demand for it was intense. We hit some PMF around creators, but didn't have the conviction that it would scale without speculation. A year down the line, I believe that was the right pov to have.
what ever gave you that thought? There are countries that do this right out in the open. The rest of the countries do it in various shades of gray to not be right out in the open, but still visible for those that can see in higher bit depths of gray than black and white
John Adams told us the Constitution is intended for a moral (or virtuous) people.
The point is the law isn't self enforcing. People have to insist upon Constitutional order, not because of (blind) faith in it, but because the alternative is tyranny. Not anarchy.
Does this country deserve Constitutional order? The People abandoned it by electing someone virulently and openly opposed to it.
The regulation you seek is utterly meaningless in an autocracy. Or even in a unitary executive theory of Constitutional order.
But in the specific case of Trump, among the most untrustworthy liars America has produced, what does Constitutional duty mean to him? What does it mean that he took the oath of office? He said the words but no serious person believes he took an oath.
People still have no idea what we've done. And what is yet to come.
The POTUS is a psycho. And the replacements aren't good people either.
100 days down, 1369 to go. It's going to get much worse.
There's an old saying that goes something like there is crime, there is organized crime and there is government.
I really wonder how you come up to that conclusion especially that there is more than a degree of regulation. If regulation will not apply for the top anyway, then it's better to remove all regulation.
https://www.reuters.com/world/kushner-has-discussed-us-saudi...
These corrupt assholes don't even try to hide it.
Thats all Truth Social was. By buying the public stock you could in a way funnel money to Trump that did conflict with campaign finance laws/limits.
People arent buying Truth Social stock because they think its actually worth 5 billion dollars.
Its called kleptocurrency for good reason.
Those who support it on philosophical grounds will destruction on everyone else for the sake of their own gain, and should be viewed with all possible hostility as they constitute an intentional community of public enemies in the plainest possible sense.
Neither will bans and prohibitions, unless you are willing to go full north korea with cameras everywhere and computers locked down. And you'll probably fail with that.
You're beating your fists against an ocean.
Touch some grass.
I have heard this one before.
Say what you will about "the swamp" (not a big fan myself), but as a metaphor it kinda works since a swamp may be noxious and filled with unsavory swamp creatures... but it's still an ecosystem where competition and co-evolution amongst these swamp species in response to external environmental changes would still be expected.
OR they aren’t ignorant, and are fully aware of things, and instead are scum.
"If you're doing something legally or morally wrong, create opponents to accuse of the same things before what you're doing comes out."
The solution liberals recoil against for some reason, is disassociation. We should have threatened our Trumper friends and family with permanent disassociation before the 2024 election.
Most would still persist, unpersuaded. They're likely lost for our lifetime. But perhaps enough would have taken the social cue of ridicule and ostracizing as serious enough to not vote for a psychopath. The farther back, the more effective it would have been.
Instead, we keep thinking they can be persuaded with reason, despite all evidence they've abandoned rationality.
We can't legislate the outcome you want. What you want comes from virtue. And America is out of virtue. People voted for a rapist, a felon, and vile insurrectionist.
America may not deserve Constitutional order, and therefore we are losing it.
The lack of regulations in crypto make these scams legals without any fear of any repercussion
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.
(Unless you count speculation/gambling).
Canadian elections show that people can change their mind overnight, but unfortunately some of the changes that happened in the US institutions and the global relations will take decades to reverse (if ever).
But history has showed (with NSDAP and others) that it is not.
Bullshit. America is the richest country on earth. Your unemployment is remarkably low. Your disposable income is relatively high. And all the issues you complain about, like housing, are worse outside the US than in the US.
Moreover, a lot of the MAGA people are NOT working class struggling families. There are a lot of middle class middle aged low digit millionaires who are certainly not hurting for anything, but for some reason really love Trump.
You could spend an entire college semester discussing how and why. Immigration is the current scapegoat for the effects of a hollowed out middle class, though.
A elite that fights social welfare as socialism, while at the same time removing the middle class and handing the lower classes infinite competition. Nobody cares about who the elite pretends to care for, nobody cares about corruption, they want to see that house burn down, like theirs was torched. The sounds of humanism the enemy makes, are irrelevant, as the sound of compassion made while doing nothing.
Joe’s brother has also made a lot of money off of questionable government contracts.
It's ridiculous how the US has gone downhill since.
Now, as the trump + melania coin acting as a grift, instead of "alternative funding mechanism". I mean, you could already 'donate' directly to the president, and even get a tax writeoff for it. Atleast this way you'll have to pay capital gains. You could already pay $1m to get a audience with the president, how is this any different? Hunter Biden made multi-million dollar deals, and got paid 50k a month for a being on various boards... despite being a known drugie.
the "Top 200 holders" get a dinner with the president. Not saying it's better or worse, just saying it's pretty much the same thing that every president has had access to.
It's not that i entirely believe all of this, but i would like to provide some counter weight to all the comments that are all just parroting "Grift".
If any of this is (arguably) normal we should tear down the systems that support these norms. They are bad norms. The solution is never, “Welp, people are corrupt, what can you do?” You start making changes in the legal system. Because if you don’t you’re giving the country away as though there were no other course of action.
What? Campaign donations are not tax exempt.
> Hunter Biden made multi-million dollar deals, and got paid 50k a month for a being on various boards... despite being a known drugie.
Musk is also a "known druggie"; his ketamine habit is self-admitted, and he smoked pot on Rogan. (Briefly risking his contracts, even!)
> the "Top 200 holders" get a dinner with the president. Not saying it's better or worse, just saying it's pretty much the same thing that every president has had access to.
Not in the slightest. There are legal limits on how much money you can give the President.
>Musk is also a "known druggie"; his ketamine habit is self-admitted, and he smoked pot on Rogan. (Briefly risking his contracts, even!)
Taking a microdose of ket under medical supervision, and taking a hit of weed which is legal in alot of states is not the same "Smoking crack every 15 minutes" as hunter said he did.
>Not in the slightest. There are legal limits on how much money you can give the President.
You aren't giving any money to the president here. It's a way for the president to provide utility to the coin. The coin has a vesting schedule, locking the coins so they can't be sold by the insiders.
