8mo ago

Trump launches meme coin, apparently makes more than $25 billion overnight

President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.

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184 comments

I suppose that's more streamlined method of bribery than buying property in his towers or booking his hotels.
- Or buying ads on his wife's radio station as apparently was how you'd get in front of President Johnson.
  
  Hmmm that's interesting. I wish I knew more about the crimes of all the presidents. I feel like if they were talked about more it would really bring down some of the power that people want to give to that office. Instead they make them out to be like gods after they are dead long enough
  
  It's funny (sad funny not hot haha funny) because we had a whole ass apology tour to the rest of the world because of getting caught having the Bush administration sign off on torture, up to and including lawyers and psychologists to support the theory that it was just "enhanced interrogation."
  Those are war crimes my dude. Bush should have been sent to the Hague. Honestly, what Bush, Cheney and Co. did was so much worse, devastating to the world, violent, and murderous than anything Trump has done yet. Honestly, you could argue that they ruined US reputation so bad internally and externally that they set the stage for Trump to take over. Trump won the year Jeb Bush was supposed to be coronated just like Hillary Clinton. They also are part of the current crises with immigration and rising right-wing sentiment in Europe since the war displaced so many. Bush deeply fucked up the planet and Europe and the Middle East especially.
  In fact, Trump will do one thing previous Presidents haven't done, he will make his own citizens suffer most of the pain instead of foreigners. That's evidenced by how he considers many citizens to be foreigners already due to things like birthright citizenship. They've come out and said that explicitly. I guarantee he will be the first US President to cause more suffering to his own citizens than foreign citizens. He literally is gleeful at things like the Death Penalty, he wants to be the one pulling the switch. He's really not all that different from Matt Berry's character on Snuff Box who is a royal executioner who loves his job.
  Anyway, we never did anything about actual well documented capital-W War Crimes, and instead have a "Hague Invasion Act" so if anyone from the US gets dragged to the Hague we'll invade it to get them back. Like holy shit, I had my "Are we the baddies?" moment 24 fucking years ago.
  
  I guarantee he will be the first US President to cause more suffering to his own citizens than foreign citizens.
  It's not beyond the realm of possibility that he could accidentally start a war somewhere in the world. Or make an existing one much worse than it already is.
- 100% this. 25 billions? That's quite some money but nothing regarding the sell out that will happen the next 4 years. The USA will be slaughtered on a global scale, strictly orchestrated by its own rules of unrestricted capitalism. The last feast before the climate wars.

184 comments