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Trump Cashes In By Launching His Own Cryptocurrency

Nithavela

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The purchasers are untraceable making it easy for foreign nations, lobbyists, etc. to "persuade" leaders to do their bidding.
This is why it's so important for leaders to avoid shady side businesses, even if the proceeds fund their next impeachment and indictments.
If you learned that Tik Tok spent $10 billion on these phantom cybercoins as a gift to the owner, would you see the possibility for bribery?
Bribery is already legal in the USA, and at the same time the USA is trying to press down on every other state through tarriffs or military threats.

Everyone can bribe and cajole everyone else. Welcome to 2025. Law of the jungle, baby!
 
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Fantine

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Bribery is already legal in the USA, and at the same time the USA is trying to press down on every other state through tarriffs or military threats.

Everyone can bribe and cajole everyone else. Welcome to 2025. Law of the jungle, baby!
Nevertheless, it is wrong for a president to engage in a side business that invites billion dollar bribes.
 
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Nithavela

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Nevertheless, it is wrong for a president to engage in a side business that invites billion dollar bribes.
I'd say that my heart goes out to you, but your shadow president, who happens to be the richest man in the world, associated that statement with the nazi salute.
 
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Aryeh Jay

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Nevertheless, it is wrong for a president to engage in a side business that invites billion dollar bribes.

It is not a side business, it is an investment opportunity for everyone who wants to have a chance of earning money.
 
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Nithavela

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Do you understand how meme coins work?
Uuh, I know this one. You buy them and then their value evaporates and your money is gone.
 
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RocksInMyHead

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I can't find a definition which doesn't effectively include all cybercurrency.
Essentially, it's a catch-all for un-backed cryptocurrencies (which is most of them). There are very few so-called "stablecoins" - which aren't actually all that stable anyways.

Technically, Bitcoin is also a memecoin, as it has nothing backing it, but the distribution method (it has to be actively mined and can only be obtained in small quantities rather than a load of it being dumped on the market all at once) helps ensure a continual low supply, so it doesn't have the problem of crashing when the original stakeholders flood the market.
 
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Hans Blaster

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It is not a side business, it is an investment opportunity for everyone who wants to have a chance of earning money.
The presidency is the side business for a classic hustler like DJT. The front that makes the grift possible.
 
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Aryeh Jay

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The presidency is the side business for a classic hustler like DJT. The front that makes the grift possible.

If you don't want to get in on the investment opportunities offered by President Trump (coins, cards, watches, shoes, etc) then don't. But please don't present the President of the United States as some kind of shifty, shady grifter and snake oil salesman. Respect the Dignity of the Office.
 
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BCP1928

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If you don't want to get in on the investment opportunities offered by President Trump (coins, cards, watches, shoes, etc) then don't. But please don't present the President of the United States as some kind of shifty, shady grifter and snake oil salesman. Respect the Dignity of the Office.
I certainly will, until he makes Trumpcoin legal tender.
 
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Nithavela

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If you don't want to get in on the investment opportunities offered by President Trump (coins, cards, watches, shoes, etc) then don't. But please don't present the President of the United States as some kind of shifty, shady grifter and snake oil salesman. Respect the Dignity of the Office.
I still have a nice stock of Trump Steaks in the freezer. DIAMOND HANDS!
 
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essentialsaltes

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Nithavela

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