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Bernardo de La Paz

(52,407 posts)

10. It's meme crypto. Any crypto is only worth what people are willing to accept for it

Sun Jan 19, 2025, 03:45 PM

Jan 19

If it is only limited to maga-verse then it has less value. Some stores/restaurants there will take it to virtue signal to their perceived market / preferred clientele.

Ultimately a single currency, US Dollar in the US, facilitates comparison shopping and doesn't require extra upkeep in terms of constantly checking the rate of Bitcoin to tRumpcoin. Even maga will get tired of it. So there might be, perhaps already are, currency converter apps for such things, but that is in itself an extra burden checking out the safety and keeping on top of conversion fees. Plus giving them banking keys.

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FakeNoose

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Highlight:

Trump's Meme Coin Has Reportedly Netted Him More Than $50 Billion On Paper in Just 48 Hours [View all] Mr. Sparkle Jan 19 OP

And the grifting continues. Can ANYTHING or anyone stop it?? Callie1979 Jan 19 #1

They're incensed when they pay $1-2 for a dozen eggs, but no_hypocrisy Jan 19 #2

So true. I also wonder about money laundering and all the people that want to pay to play tulipsandroses Jan 19 #5

Got one better IMO. no_hypocrisy Jan 19 #7

$1-$2 for a dozen eggs? Where are those available? Bengus81 Jan 20 #51

I meant more/extra no_hypocrisy Jan 20 #53

The blatant corruption is astounding. tulipsandroses Jan 19 #3

Hard to get excited over this Raven123 Jan 19 #4

Remember how much his supporters talked about his unselfishness in not accepting a salary? D. Spaulding Jan 19 #6

BS.... Lovie777 Jan 19 #8

How soon will he direct the US Treasury to buy his crypto and coins from the gold reserves? keithbvadu2 Jan 19 #9

I'll guess 4catsmom Jan 19 #17

He's suggested we need a crypto reserve Yo_Mama_Been_Loggin Jan 20 #37

It's meme crypto. Any crypto is only worth what people are willing to accept for it Bernardo de La Paz Jan 19 #10

I don't think many Americans have crypto accounts, do they? FakeNoose Jan 19 #12

approximately 27% of American adults now own crypto. progressoid Jan 20 #47

Call me an idiot.... LilElf70 Jan 19 #11

The theoretical price of what he was given is not what he could sell for muriel_volestrangler Jan 19 #13

Bingo...the article does say..."on paper." PortTack Jan 19 #21

With Humpty Dumpty LilElf70 Jan 19 #24

It's already tanking........ Bengus81 Jan 20 #52

If he uses this to screw over his cult 4catsmom Jan 19 #14

Oh boy another 3.95 trillion Marthe48 Jan 19 #15

Remembering the days when republicans The Unmitigated Gall Jan 19 #16

How long before Diaper Don starts selling his used Buddyzbuddy Jan 19 #18

Well, I think his "Fight, Fight, Fight" perfume... William Seger Jan 19 #23

it depends.................. Celerity Jan 19 #29

Ah, I see what you did there. 😆 Buddyzbuddy Jan 20 #38

Not to worry. Mr. Evil Jan 20 #44

It's not real money. Igel Jan 19 #19

Gonna be a long two or four years bluestarone Jan 19 #20

The absurdity of that headline speaks volumes about the absurdity of cryptocurrencies William Seger Jan 19 #22

This evening, it has already lost 35% of its paper value. PortTack Jan 19 #25

Here comes the rug pull! Crowman2009 Jan 19 #32

YES! And I fully expect it to collapse even more, in price. Especially when they are touting $50+ billion or more SWBTATTReg Jan 20 #46

re: "Taxes on some $50+ billion dollars?" - It's not income, it's wealth, and we have no wealth tax. thesquanderer Jan 20 #55

The ones he's sold is income already. SWBTATTReg Jan 20 #57

Stupidity of people never fails to amaze me. When this whole f**king mess implodes, I will sit back and watch the JohnSJ Jan 19 #26

Why no. It's definitely not a mechanism for bribes and grift. LearnedHand Jan 19 #27

I don't want to hear Diamond_Dog Jan 19 #28

try to imagine if it was a DEMOCRAT doing this Skittles Jan 19 #30

And they have what collateral backing this? Super citizen power? Magic beans? Initech Jan 19 #31

Magats and Tech Bros seem disappointed by this move flamingdem Jan 19 #33

Is this like printing your own money? BarbD Jan 19 #34

I wrote "IOU $1" on a piece of paper. Aussie105 Jan 20 #35

Skeptical Yo_Mama_Been_Loggin Jan 20 #36

$MELANIA is coming up Diraven Jan 20 #39

$melania is already out. Up 80% masmdu Jan 20 #43

Jesus Fucking Christ Blue Owl Jan 20 #40

Like a Rollin Stone tirebiter Jan 20 #41

Haven't heard much about the non fungicide tokens lately . . . Aussie105 Jan 20 #42

The higher it goes, the harder it will fall IzzaNuDay Jan 20 #45

If any country wants to bring Trump and the USA down, they can just refuse to accept crypto, especially Trump crypto. Jit423 Jan 20 #48

I am so happy! Kid Berwyn Jan 20 #49

Possible silver lining... jmbar2 Jan 20 #50

What people are missing in much of this and other "moves" moniss Jan 20 #54

Trump wouldn't know how to pull this off... it's Musk. Which means Musk is ultra-secure in his position... thesquanderer Jan 20 #56