- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
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“Be defiant, give me your money”.
Now this is just comedy-level grifting. This can’t be real life, this has got to be a simulator to find the stupid ones
After Trump’s NFT and silly sneakers, this just seems par for the course.
Committing all the crimes now, one last hurrah
Will it become as successful as Trust Social?
“For too long, the average American has been squeezed by the big banks and financial elites,” Trump wrote. “It’s time we take a stand — together.”
Do people actually believe for a fraction of a second that Donald Trump of all people is on the side of the average American? And that the way to “take a stand” is with a crypto pump and dump scheme?
Yes. A great many people believe exactly that.
I was going to invest myself, but I already lost $20,000 investing in the NFTs. Best purchase ever.
Now they’re defiant? I thought the whole thing was that they were the silent majority or some bullshit.
I knew serial conman Trump couldn’t resist getting involved in crypto which is one of the biggest cons of all time.
I would say the fiat money system is the biggest con, at least by volume. What with all the quantitative easing and fractional reserve banking.
Yeah you’re right an ecosystem that produces things like peepee coin isn’t full up with con jobs. /s
I think I didn’t make myself clear. When I said “by volume” I meant was the amount of value the different systems hold and the amount of if not outright fraud, negative aspects of the systems. The fiat money systems’ money supply has a fundamental weakness, it can be created out of thin air so is constantly loosing value. Think of all the investment vehicles or other assets that tie themselves to this loosing value asset. Trillions in USD. And what’s it all backed by? Ultimately guns. Well most crypto currency is backed by maths and no matter how many guns you point at it, you cannot make 2+2= anything other than 4.
Well most crypto currency is backed by maths and no matter how many guns you point at it, you cannot make 2+2= anything other than 4.
Sure, you can make one type of coin or other rare or rate limited or whatever, but you can also just make up a different shit coin and give yourself a metric shit ton of that new coin, and then eventually try to move to either a more stable coin or back into fiat once you’ve gotten enough suckers holding the bag to exit.
That makes crypto ultimately not based on maths at all, but based on hype, stupidity, and scams alone.
The main difference between these “shit coins” and fiat is once the shit coin scammers eventually pull the rug, they cannot just print more of that coin. Fiat scammers can just print more of that currency.
But in both situations one does need to look at the economics of the coins, and the priors of the people in control.
“Once they’ve completed the scam they have to move onto other scams.”
Are you even thinking at all when constructing these arguments?
What I am trying to get through to you is, just like how the LIBOR scandal doesn’t implicate fiat, scammy crypto projects doesn’t implicate crypto. My criticism of fiat is it’s fundamental systemic weaknesses. It seems your criticism of crypto is it’s used by scammers. A criticism that, incidentally can also be levied at fiat.
The PEE market is far less liquid than I would have expected
The Defunct Ones
Plugging a crypto currency is officially the last resort of a scoundrel.
Covfefe Coin
Coinfefe
only a scammer would do something like thi-
oh right.
It seems they’re missing out on a memorable marketing campaign: Deploracoin! 100 Deploracoins = 1 Deplorabill.
Grifters going to grift
There’s likely some outright criminals who can’t easily send their dirty traceable money into politics directly to buy favors. Seems to me that this helps “solve” that.
I, personally, imagine high odds of a combination of:
- overt intentional crime happening in un-subtle ways
- disallusioned operational staff with no real reason for loyalty
- failure to stop at various “don’t do this or we will get caught” lines
If I were any kind of federal investigator, I would look into this with great interest.
Up next, an innovative new sales technique. Get this, it is called Multi-level Marketing. Brand new, never been done before!
I bet the same morons that got his NFTs fall for this…the SAME PEOPLE (the ones that still have money left).
In before Logan Paul is attached and Coffeezilla exposes it all as a rug pull
New grift same grifter
