4 ms·

This article is soft peddling corruption, and it confirms that Trump takes bribes via his cryptocurrency operation.

by bediger4000 2y ago

conception 2y ago
I mean, he took bribes last time via his hotel operation. This just is an upgrade.
- TechDebtDevin 2y ago
  I prefer the term, "alternative funding mechsnism" ;) Thats all Truth Social was. By buying the public stock you could in a way funnel money to Trump that did conflict with campaign finance laws/limits. People arent buying Truth Social stock because they think its actually worth 5 billion dollars.
  - maeln 2y ago
    > People arent buying Truth Social stock because they think its actually worth 5 billion dollars. Well, if you see it as the private presidential corruption fund, it might well be worth well over 5 billion tbf.
alistairSH 2y ago
That this is even remotely surprising to anybody is the only surprising thing about it. He took bribes via his hotel last time. He takes massive donations from Bezos and Zuck and others to his inauguration fund or presidential library or whatever other slush funds he can use to skirt anti-bribery regulations.
- dashundchen 2y ago
  Let's not forget the MBS overriding the advice of the Saudi investment board to give $2 billion dollars to Trump's son in law, Jared Kushner. Funds with hefty fees that have barely been invested. https://www.reuters.com/world/kushner-has-discussed-us-saudi-diplomacy-with-saudi-crown-prince-2024-10-04/ https://www.reuters.com/world/kushner-has-discussed-us-saudi... These corrupt assholes don't even try to hide it.
ChainOfFools 2y ago
The fact that Bitcoin (and kin) turbocharges corruption, and its success is a direct result of doing so on a wide scale (the whole point is to undermine state power by dwpriving it of control over currency) is proof to the armchair economist Bitcoin supporters that it is "sound money" and things like facilitating a market for circulation of child porn at one end and open political grift at the other, are welcomed as signs that the *experiment" is working as intended in their winner-corrupts-all bitcoin maximalist worldview. Its called kleptocurrency for good reason. Those who support it on philosophical grounds will destruction on everyone else for the sake of their own gain, and should be viewed with all possible hostility as they constitute an intentional community of public enemies in the plainest possible sense.
- tphyahoo2 2y ago
  Furious words and threats won't stop bitcoin. Neither will bans and prohibitions, unless you are willing to go full north korea with cameras everywhere and computers locked down. And you'll probably fail with that. You're beating your fists against an ocean. Touch some grass.
  - victorbjorklund 2y ago
    Of course you can. 20 years in prision for using Bitcoin. Not a lot of people would wanna risk that. And when 99,99% chooses to not touch it with a pole the value will collapse. Then a few people can sit there with Bitcoins that no one wants to buy from them. Is it a good idea? Mayne not. But obviously one can crush Bitcoin if one wants.
    - tim333 2y ago
      Except it's multinational. China declared bitcoin illegal in 2021 but it still seems to exist.
    - tphyahoo2 2y ago
      https://en.wikipedia.org/wiki/Dekulakization https://en.wikipedia.org/wiki/Dekulakization "Is it a good idea?" No, not "obviously one crush" and nor are there no consequences if one were to try. https://archive.md/qlbDM#selection-49.0-49.64 https://archive.md/qlbDM#selection-49.0-49.64 ("Georg Ritter von Flondor, and what his unhappy life can teach us")
basejumping 2y ago
His son is currently on a tour of eastern europe presenting his crypto 'opportunity' to 'investors'

This article is soft peddling corruption, and it confirms that Trump takes bribes via his cryptocurrency operation.

conception 2y ago

I mean, he took bribes last time via his hotel operation. This just is an upgrade.

TechDebtDevin 2y ago
I prefer the term, "alternative funding mechsnism" ;) Thats all Truth Social was. By buying the public stock you could in a way funnel money to Trump that did conflict with campaign finance laws/limits. People arent buying Truth Social stock because they think its actually worth 5 billion dollars.
- maeln 2y ago
  > People arent buying Truth Social stock because they think its actually worth 5 billion dollars. Well, if you see it as the private presidential corruption fund, it might well be worth well over 5 billion tbf.

alistairSH 2y ago

That this is even remotely surprising to anybody is the only surprising thing about it. He took bribes via his hotel last time. He takes massive donations from Bezos and Zuck and others to his inauguration fund or presidential library or whatever other slush funds he can use to skirt anti-bribery regulations.

dashundchen 2y ago
Let's not forget the MBS overriding the advice of the Saudi investment board to give $2 billion dollars to Trump's son in law, Jared Kushner. Funds with hefty fees that have barely been invested. https://www.reuters.com/world/kushner-has-discussed-us-saudi-diplomacy-with-saudi-crown-prince-2024-10-04/ https://www.reuters.com/world/kushner-has-discussed-us-saudi... These corrupt assholes don't even try to hide it.

ChainOfFools 2y ago

The fact that Bitcoin (and kin) turbocharges corruption, and its success is a direct result of doing so on a wide scale (the whole point is to undermine state power by dwpriving it of control over currency) is proof to the armchair economist Bitcoin supporters that it is "sound money" and things like facilitating a market for circulation of child porn at one end and open political grift at the other, are welcomed as signs that the *experiment" is working as intended in their winner-corrupts-all bitcoin maximalist worldview. Its called kleptocurrency for good reason. Those who support it on philosophical grounds will destruction on everyone else for the sake of their own gain, and should be viewed with all possible hostility as they constitute an intentional community of public enemies in the plainest possible sense.

tphyahoo2 2y ago
Furious words and threats won't stop bitcoin. Neither will bans and prohibitions, unless you are willing to go full north korea with cameras everywhere and computers locked down. And you'll probably fail with that. You're beating your fists against an ocean. Touch some grass.
- victorbjorklund 2y ago
  Of course you can. 20 years in prision for using Bitcoin. Not a lot of people would wanna risk that. And when 99,99% chooses to not touch it with a pole the value will collapse. Then a few people can sit there with Bitcoins that no one wants to buy from them. Is it a good idea? Mayne not. But obviously one can crush Bitcoin if one wants.
  - tim333 2y ago
    Except it's multinational. China declared bitcoin illegal in 2021 but it still seems to exist.
  - tphyahoo2 2y ago
    https://en.wikipedia.org/wiki/Dekulakization https://en.wikipedia.org/wiki/Dekulakization "Is it a good idea?" No, not "obviously one crush" and nor are there no consequences if one were to try. https://archive.md/qlbDM#selection-49.0-49.64 https://archive.md/qlbDM#selection-49.0-49.64 ("Georg Ritter von Flondor, and what his unhappy life can teach us")

basejumping 2y ago

His son is currently on a tour of eastern europe presenting his crypto 'opportunity' to 'investors'