alex on Warpcast

Zach pfp

This cast hits the nail on the head. I'm all for anyone launching tokens, including the President. The dominant theme on my timeline seems to be excitement when price goes up and despair when price goes down. If you truly want permissionless systems, this is all part of the game.

3 replies

1 recast

28 reactions

vrypan |--o--| pfp

The criticism is not about the permission less system. It's about the President.

1 reply

0 recast

6 reactions

Zach pfp

Are you arguing that the President should not be allowed to use a permissionless system to launch a token?

1 reply

0 recast

1 reaction

vrypan |--o--| pfp

No. I'm saying that when you get the freedom to do something, you are judged and criticized on how you use it.

1 reply

0 recast

3 reactions

Zach pfp

That's fair. I've seen many people critiquing the fact that he launched a token, how he set up the distribution, etc. My point is that he should be able to do this just like the rest of us, and the market will determine how they feel about it. Some will let this decision negatively affect them and taint their perception of crypto, others (like me) will laugh along and move on. I don’t think everything needs to be such a big deal - even if social media makes us feel like it should be.

2 replies

0 recast

1 reaction

alex pfp

@alexgrover.eth

Should he be? There are regulations in place to prevent insider trading for other politicians. Granted he wasn’t in office yet but it definitely seems questionable given he’ll be in a position to change the law shortly

1 reply

0 recast

1 reaction

Zach pfp

Yes. The regulations we have in place are for sitting politicians afaik - and he launched this before taking office again. I think his incentives are now aligned with everyone else who holds crypto, and we will see what he does with that info.

2 replies

0 recast

1 reaction

alex pfp

@alexgrover.eth

I’d argue that they should apply to an impending official as well. This is just an unprecedented situation. Would you feel the same way if the discussion was about equities in tiktok competitors given he’s going to be in a position to change that situation too?

1 reply

0 recast

0 reaction

Zach pfp

¯\_(ツ)_/¯ I can't say how I'd feel about him buying equity in TikTok competitors - hasn’t happened, so it would be pure conjecture on my part. The difference here is that he created the asset, so he’s incentivized to not run it into the ground.

1 reply

0 recast

1 reaction

alex pfp

@alexgrover.eth

yeah I guess I’m thinking about his companies buying millions of dollars worth of the majors as part of this as well, not just the memecoin in isolation

1 reply

0 recast

1 reaction

Zach pfp

I think any institutional adoption is generally positive.

1 reply

0 recast

1 reaction