pull down to refresh
102 sats \ 7 replies \ @siggy47 29 Oct \ parent \ on: Inside the Trump family’s global crypto cash machine - Reuters Politics_And_Law
The example that comes to mind would be his election eve meme coin rugpull.
Not sure what you're referring to specifically, but how is that self-dealing if he wasn't in office?
How is it corruption if people voluntary speculated on a collectible? Is NYT crying in the casino?
I do recall one of the tokens being a ticket to a dinner at MAL, standard practice for campaign contributions, how is that any different than NGO or PAC dinners with candidates?
That's before we even consider the lawfare that may have forced it as a loophole, which I had seen other articles making the case that the DJT SPAC was that.
How is this different than Hancock funding the revolution via his shipping empire against an enemy that controlled the ports?
If this is the best/only example you got then it validates my point above, it's TDS grasping for nits, not substance.
reply
reply
Ah so not election eve but inauguration eve.
How is this self-dealing? Did he use the government to shill it? Were there any promises made under the pretense he'd be in office to return value to investors?
Leftist Wikipedia even concedes:
The meme coin website described it as the "only official Trump meme".[7][8] Its logo is a cartoon image of Trump raising his fist after surviving the attempted assassination in July 2024.[9] A disclaimer said that the coin was "not intended to be, or the subject of" an investment opportunity or a security and was "not political and has nothing to do with" any political campaign, political office or government agency.[8]
NYT even affirms it as analagous to a PAC dinner ticket:
According to The New York Times, certain buyers in interviews and statements said they "bought the coins or entered the dinner contest with the intention of securing an action by Mr. Trump to affect United States policy".[18]
reply
Are we going to engage in a discussion deciding between ethical and unethical shitcoining? I can dig up more evidence that he and his company benefitted from the sale of the coin at a local top, while his loyal supporters got crushed. But, I'm not sure we really are disagreeing about much. I can't see you, of all people, defending shitcoining, and I agree with you about the lawfare, the unjust way the NYT and MSM treat Trump, etc. I'm certainly not defending fucking democrats. Both sides are corrupt as hell.
reply
I'm not defending shitcoining, i'm arguing framing.
Shitcoining is a much different accusation than government corruption or abuse of office.
One of the reasons I'm so bullish on Bitcoin is because of government corruption, Bitcoin is applied incentive theory, but that also means no crying when it's done at smaller scale with shitcoins.
That's why these rags are so focused on the "crypto" story, they're coping with the fact that they no longer have a monopoly on corruption because it's been opensourced. They (globalists) know what's coming, eventually it won't be a shitcoin being pumped, but the government at-large pumping their Bitcoin bags thereby crushing their Cantillon network.
reply
reply
Spot on, it's an obvious pattern, they don't expect to rectify what happened in the past with these articles, they're front-running what comes next. The timing of these is coordinated, not random.
reply