Today's Facepalm: Art Of The Crypto Grift [View all]

Some context...

When the one billion trumpcoins were created, 800m were allocated to two trump controlled companies, 200m were offered for purchase (bt a Trump controlled company, which received the "Initial Coin Offering" sales revenue) at $10 a token - that tranche sold out very fast (most buys went to already prepared and positioned insiders and parties unknown, ready to resell them to the expected pool of rubes who'd be excited to get in on the action at ANY price ASAP); market trading ran it up quickly to $75 (the rubes were so happy, many having drained their savings or just borrowed, not wanting to miss out on a SURE thing), then it crashed back down when the rubes ran dry of cash.

Then some time past.

Then America's President posted this (on his social media platform) :



Its trading price promptly jumped 15%

The Grift Grinds On,
The Grift Grinds On.

La dee dawdy dee,
La dee dawdy da.

#AmericaTheConned