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Terrell Jermaine Starr
@terrelljstarr
Really would like your feedback on this report about the $TRUMP meme coin. Basically, NBC News is reporting that Trump is using the coin to gain access to him and his inner circle, something that his critics say violates ethics rules and may be illegal. I’m new to the cryptocurrency world, but the journalist in me tells me this is new terrain for many ethics regulators and the Trump team is exploring this ignorance. What’s your take on this report? I’m looking for informed insights to help me understand what’s happening here. https://www.nbcnews.com/news/amp/rcna203071
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Leeward Bound
@leewardbound
you'll get a lot of varied opinions im sure, but at least some group of us here - 1) doesn't support trump, or his corruption pay-to-play regime, believes he's a huxter and a fraud, and 2) doesn't like memecoins, doesn't find them good or useful, doesn't want to see more of them that being said, i don't see much difference between the Trump memecoin and the Trump trading cards and the Trump commemorative gold coins and the Trump emails i get (im on his mailing list, it's good research) inviting me to donate for access to special mar a lago dinners, etc well there's one key difference - when it's onchain you can actually see the flow of funds and transaction histories, and most of us knew about the lopsided insider allocation before the token even launched. onchain fraud seems somewhat more, uh, fair, i guess, because it's at least theoretically possible to investigate.
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Monteluna
@monteluna
If you read up on Extropianism, it was a group of tech accelerationists that predicted a lot of things that are going on today. One of them is that as we become more integrated with technology, we will hyperfinancialize, where things that weren't transparent or obvious, now are part of the global free market. I actually find it interesting that anyone in the world can get financial upside on backdoor political bribery. Typically this is reserved for elite individuals and they do it through "dinners" or "fundraisers". I'm not a believer that this stuff will ever go away, since its been around since antiquity, but what's interesting now is we can all see it and via hyperfinancialization, its democratized to everyone.
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Borg
@ruz.eth
We wanted regulatory clarity, not for privileged assholes to grift without consequences while open source devs rot in jail.
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Floof
@floof
Trump is ruining crypto, he’s turning people who couldn’t care less about crypto to vehemently anti-crypto. So now opposition grows. My family who were supportive of my venture into the space are now telling me to get out because it’s only used for crime. Anecdotal, but it is what it is I guess. I’ll hold until he’s gone..hopefully soon.
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aferg
@aferg.eth
Yup none of this is good imo
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