• Spitzspot@lemmings.world
    link
    fedilink
    arrow-up
    87
    ·
    5 days ago

    New “pump-n-dump” scheme to fleece his flock. Dollars to doughnuts “Leon” is also knuckle deep into this too.

  • Null User Object@programming.dev
    link
    fedilink
    arrow-up
    67
    ·
    edit-2
    5 days ago

    Just another way for foreign countries to legally fund his campaign without limits. There are only so many sneakers they can “buy” before it starts to look too obvious what’s going on.

  • Kidding_me@lemmy.world
    link
    fedilink
    arrow-up
    2
    ·
    3 days ago

    Trump is far from a successful business man. Is Dumb and Dumber’s hands, this should be a real shit show

  • BigMacHole@lemm.ee
    link
    fedilink
    arrow-up
    45
    arrow-down
    1
    ·
    5 days ago

    I’m a Republican who does His Own Research and I’m buying Trump Crypto AGAIN after I lost THOUSANDS on his Last One! But this one is Different because Trump went on TV and Told Me and if you hear it on TV it’s TRUE unless it’s from the FAKE NEWS Which AOL is!

  • profdc9@lemmy.world
    link
    fedilink
    arrow-up
    19
    ·
    5 days ago

    Along with the bibles, the steaks, the bogus university, the bogus charity… he’s really trying to win the scam decathlon.

  • bradorsomething@ttrpg.network
    link
    fedilink
    arrow-up
    30
    arrow-down
    1
    ·
    5 days ago

    Let’s combine some of these grifts, how about each coin being minted with a number seared on a trump steak, which you must eat in order to be accepted to trump university.

  • smokebuddy [he/him]@lemmy.today
    link
    fedilink
    arrow-up
    12
    ·
    5 days ago

    Could this be a convoluted way to tornado-cash his buddies’ dirty linen by opening up a channel to dump his upcoming huge windfall in clean (as per US law, and FEC regulations, apparently) cash about to be gained from rug-pulling $DJT the moment that window opens?

  • TurboWafflz@lemmy.world
    link
    fedilink
    arrow-up
    21
    ·
    5 days ago

    Wait why is he trying to “leave the outdated big banks behind”? I thought conservatives liked big business. If they don’t then can we leave the outdated big oil companies behind? Or are they special? Or is it banks specifically they don’t like?

    • Nougat@fedia.io
      link
      fedilink
      arrow-up
      24
      ·
      5 days ago

      Money laundering is probably easier with crypto than with banks. Or he knows that his accomplices at Deutsche Bank are flipping on him.

    • dhork@lemmy.world
      link
      fedilink
      English
      arrow-up
      19
      ·
      5 days ago

      It’s banks specifically that he doesn’t like, because they stopped lending to him after his ventures had one too many bankruptcies.

      But then he learned he didn’t need banks’ money anymore, when he could just run for office and have people give him money out of their own pocket.

      • jonne@infosec.pub
        link
        fedilink
        arrow-up
        1
        ·
        5 days ago

        There’s a difference in how they’re regulated. NFT’s are not classified as investment vehicles, so the SEC doesn’t care about them.

  • some_guy@lemmy.sdf.org
    link
    fedilink
    arrow-up
    3
    ·
    4 days ago

    “It’s equitable. It’s collateral anyone can get access to and do so instantly,” he said. “I don’t know if people realise what a shake up that is for the world of banking and finance. I hope we can help change that.”

    Oh, cool, they’re revolutionizing finance! Gotta fleece the supporters a bit more before potentially losing the election.

    “Get ready as we unveil our plan to Make Finance Great Again,” the Telegram post stated. “This is a landmark event you won’t want to miss! Let’s make history together.”

    Oh, cool, this is gonna be historic. Gotta make the broke MAGA supporters a little more broke and in debt. Did you see how poorly DJT stock is doing? But it went up when he said he wouldn’t sell, which I’m sure comforts the people who bought when it was twice as much.

    Having previously dismissed the world’s leading cryptocurrency as a “scam”, Mr Trump told the crowd at the Bitcoin 2024 conference in Nashville that he would create a “national bitcoin stockpile” from seized criminal funds, as well as “immediately appoint a bitcoin and crypto presidential advisory council”.

    Oh, cool, he takes this seriously. Gotta have someone in government make sure there isn’t any regulation.

    To be honest, while I’d prefer healthcare for everyone, I know we’re not getting it. And because I’m jaded and convinced that his followers are filled with hate, I’m ok with them getting hurt by him. I just resent that he profits in the process.

    • smokebuddy [he/him]@lemmy.today
      link
      fedilink
      arrow-up
      4
      ·
      edit-2
      5 days ago

      there was a Let’s Go Brandon coin that I only ever heard of because they announced a deal to sponsor a NASCAR team then were eventually rejected, so they cried about cancel culture and sued NASCAR https://www.miaminewtimes.com/news/nascar-sued-over-lets-go-brandon-coin-fiasco-16416730

      The combined value of the meme coins, branded around the popular anti-Joe Biden catchphrase, plummeted from an estimated $570 million to near zero after the sponsorship went belly-up. The market for the digital currency — which apparently hinged on the hope that the “Let’s Go Brandon” logo would be plastered all over a NASCAR racecar — vaporized in a matter of weeks.

      afaik this is the first actual official DJT crypto other than two rounds of NFTs, and I’ve followed his scams pretty closely