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It's interesting to follow the corporate webs behind this but ultimately not particularly newsworthy from my reading of this article. These NFTs being associate
by jmyeet 4y ago
It's interesting to follow the corporate webs behind this but ultimately not particularly newsworthy from my reading of this article. These NFTs being associated with a sketchy NFT company is just more evidence (like we needed it) that NFTs are a scam.
Ultimately, an NFT is just a small payload, typically a URL. I'm always curious that no one talks about what happens if that website goes down or someone loses control over that domain.
I see two interesting things about this particular NFT release:
1. Trump sure does some scammy things for someone so supposedly wealthy. Would you, as an alleged billionaire, put your name behind something as cheesy as this fora (maybe) a few million dollars? It's claimed tens of thousands have been sold. It's not clear to who (eg Trump himself may have "bought" many to prop up the market ie standard crypto shady nonsense); and
2. The timing. Trump announced his candidacy for president last month. He's never stopped fundraising since leaving office. As a private citizen you can do pretty much whatever you want to with that money and it's clear he's used it as a slush fund for personal expenses. But that changes the second you're a candidate for something. Now campaign fundraising falls under a different legal set of restrictions. This really is more evidence of someone who is cash-strapped.
The art itself is particularly bad, like embarrassingly so. I'd be really curious to know how many genuine sales there actually are.
- tablespoon 4y ago> Trump sure does some scammy things for someone so supposedly wealthy. Would you, as an alleged billionaire, put your name behind something as cheesy as this fora (maybe) a few million dollars? IIRC, Trump basically went bankrupt decades ago, and was only been able to maintain the aura of wealth by selling his name to be put on cheesy things (remember Trump Steaks) and playing the character of a rich businessman on TV.