4 ms·
Crypto Thought Trump Would Bring It Legitimacy. Then He Launched a Meme Coin
- impish9208 2y agoGift link: https://www.wsj.com/finance/currencies/trump-meme-coin-cryptocurrency-eda5d5d9?st=UCEJ7m https://www.wsj.com/finance/currencies/trump-meme-coin-crypt...
- deleted 2y ago[deleted]
- verdverm 2y agoSeems like multiple groups are going to find out rather fast that what they thought they signed up for, or bought, is not what they are getting
- fuzzfactor 2y agoIf you had watched Trump's business dealings since the 1970's, you'd be aware that never has it been part of any of his business plans for anybody to get their money's worth, no matter how much they put in. Always the complete opposite. This is just the end game, on steroids.
- verdverm 2y ago> This is just the end game, on steroids. Is this how companies get more 'masculine energy'?
- MattGaiser 2y agoDoes crypto care about having legitimacy? They can have a free for all rug pulling over the next four years and walk away rich.
- jqpabc123 2y agoBetter question ---- Does Trump care about having legitimacy?
- jqpabc123 2y agoThis just underscores the fundamental shortcoming of crypto. Anyone can create their own. If Trump can do it, why not LeBron James or Tom Brady or every corporation on the planet? Where's the value? At some point, people will wake up and realize that they have bought the equivalent of a Bored Ape bitmap that noone else wants.
- MattGaiser 2y agoAnd of the industry. One of the opponents in the article criticized it while still claiming crypto required friendlier laws. How much more pro crypto do laws need to be if you can just casually loot people with digital assets?
- jqpabc123 2y agoThere are valid reasons behind China outlawing crypto.