Chase Sommer
@chasesommer.eth
be honest. do you not like $TRUMP because you don't like Trump? If a democrat did it first, would you think it's a good thing?
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Nate Maddrey
@nmadd
lol how can you like a coin that is 80% unreleased supply owned by the team? doesn’t matter who launched it, a grift is a grift
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Chase Sommer
@chasesommer.eth
I think it’s a play to attract a ton of legal action and make big moves in terms of crypto legislation. I care less about the actual token and the tokenomics of it personally. Overall, I’m not a fan of Ponzi schemes, but I think there are higher levels of play going on here besides a coin
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Nate Maddrey
@nmadd
That’s an optimistic way to look at it It seems like pure money extraction to me. Not sure how this makes a positive difference from a regulatory standpoint
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Chase Sommer
@chasesommer.eth
My guess is that Trump will get many law suits as soon as he’s in office for this. My second guess is that new laws will stem from in. Imo that will be positive because many people have been asking for crypto legislation for a while now.
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Nate Maddrey
@nmadd
I hope you’re right, I just don’t think a ponzi memecoin is the right vehicle for legitimizing crypto with regulators The silver lining is that regulators will finally hopefully start being way more permissive of crypto in general. But in all honestly we should have sensible regulation preventing this kind of stuff, which it doesn’t seem like we’ll get after this
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