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0 sats \ 4 replies \ @justin_shocknet 29 Oct \ parent \ on: Inside the Trump family’s global crypto cash machine - Reuters Politics_And_Law
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]
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0 sats \ 3 replies \ @siggy47 29 Oct
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.
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36 sats \ 2 replies \ @justin_shocknet 29 Oct
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.
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17 sats \ 1 reply \ @siggy47 29 Oct
I agree. When I saw the NYT piece over the weekend I knew the parade had started.
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36 sats \ 0 replies \ @justin_shocknet 29 Oct
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.
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