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kerry-is-my-prez

(9,531 posts)
Sat Jan 25, 2025, 08:14 PM Jan 25

Trump crypto not real crypto/ investment, it's commemorative.

https://www.theguardian.com/business/2025/jan/21/trump-meme-crypto-coin-ethics

Meme coins – which combine two prominent features, memes and cryptocurrencies, of the digital economy – are in effect digital playing cards. They have no intrinsic value, according to experts. Even the website marketing Trump’s coin states that it is “not intended to be, or to be the subject of, an investment opportunity”.

-snip-

Preston Byrne, a lawyer specializing in cryptocurrencies, put the chances of a civil lawsuit over Trump’s new coin at 90% within the next 14 days, or 100% within the next 60. “I am absolutely certain this will happen,” he wrote on his blog. “Someone will lose money, some lawyer will come up with a theory and file.”

-snip-

“It’s just a matter of time until a lot of people lose money from this,” Cuban wrote on Bluesky, the social network. “I’m a crypto fan. This is not crypto any more than [infamous fraudster Bernie] Madoff was just buying and selling shares of stock.”
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Trump crypto not real crypto/ investment, it's commemorative. (Original Post) kerry-is-my-prez Jan 25 OP
I hope he bleeds them all dry. SamKnause Jan 25 #1
Fools WmChris Jan 25 #2
Keep your eye on the money, that is what he cares about and who he is beholding to ... cliffside Jan 25 #3
we know markie Jan 25 #4
Hard to feel bad for anyone ripped off by this scam. Was obviously a scam from the start. Wiz Imp Jan 25 #5

SamKnause

(13,988 posts)
1. I hope he bleeds them all dry.
Sat Jan 25, 2025, 08:21 PM
Jan 25

Then when trump's tariffs kick in they will really feel it.

They are destroying this country so I hope they get destroyed in the process.

cliffside

(614 posts)
3. Keep your eye on the money, that is what he cares about and who he is beholding to ...
Sat Jan 25, 2025, 09:09 PM
Jan 25

not the little people who foolishly invest? whatever he is pushing that day.



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