Mega-Thread: Trump Focused Discussion

[Breccia]

/r/cryptocurrency was not impressed

Wow, 1800+ upvotes in 7 hours.

[Kaleredar]

https://www.reddit.com/r/CryptoCurre...s_confused_in/

/r/cryptocurrency was not impressed by Donald's further foray into crypto. Even these bag-holders see the obvious grift from a guy who thinks having four crypto wallets is some great technical achievement.

The problem with this plan is that trump has to try and grift people who have at least some operational knowledge of the system. Which means… they’ll see it for the terrible idea that it is out the gate.


Your average trumpist has no idea what cryptocurrency is or how it works. They’re likely not very technologically literate, period. They wouldn’t know how to use it or where. So your market for the “trump base” is vanishingly small.

Meanwhile Your tech bros who support Trump want him to make them money by reducing oversight on them and on their black market crypto of choice. They don’t want to use his crypto.

[Shadowferal]

An amusing take on Trump’s crypto...whatever;

Step Right Up, Suckers, Trump's Got A Crypto-Something!

From the family who brought you Trump steaks, Trump University, Trump Media & Technology, and some bankrupt casinos, here comes a new grift, it is crypto something! You’ve heard of venture capital, but this is adventure capital, as in your money is going to go on an adventure, and who knows if it’ll ever come back?

The “venture” is called World Liberty Financial, and it’s maybe a platform, maybe an app? Maybe a borrowing and lending platform? Trump isn’t sure, but there are digital “voting” shares of it called $WLFI. Sounds a little conflict-of-interest-y for a guy who hopes to be president and appoint commissioners to the Securities and Exchange Commission, but never mind that part. How dodgy is it? Dodgier than Dogecoin, let us count the ways!

It goes on for a bit..

[Edge-]

An amusing take on Trump’s crypto...whatever;

Step Right Up, Suckers, Trump's Got A Crypto-Something!

From the family who brought you Trump steaks, Trump University, Trump Media & Technology, and some bankrupt casinos, here comes a new grift, it is crypto something! You’ve heard of venture capital, but this is adventure capital, as in your money is going to go on an adventure, and who knows if it’ll ever come back?

The “venture” is called World Liberty Financial, and it’s maybe a platform, maybe an app? Maybe a borrowing and lending platform? Trump isn’t sure, but there are digital “voting” shares of it called $WLFI. Sounds a little conflict-of-interest-y for a guy who hopes to be president and appoint commissioners to the Securities and Exchange Commission, but never mind that part. How dodgy is it? Dodgier than Dogecoin, let us count the ways!

It goes on for a bit..

I don't think I've ever seen a crypto project/shitcoin so quickly get rejected by the crypto community until this point. Not that I think the crypto world is evolving and is better at sniffing out the transparent grifts, but because this grift is just so fucking bad that the only people who may actually fall for it are folks that have as deep an understanding of the space that Donald does. In that these are people who will hear, "Baron has four crypto wallets! Wow, that's a lot! That's like four credit cards! I gotta sign up for this thing!"

[Shadowferal]

I can admit to a certain admiration for the villain that is quietly competent.
And that ain't Trump, or any of his treasonous cronies.

[Sunseeker]

Sounds like a concept of a scam.

[cubby]

An amusing take on Trump’s crypto...whatever;

Step Right Up, Suckers, Trump's Got A Crypto-Something!

From the family who brought you Trump steaks, Trump University, Trump Media & Technology, and some bankrupt casinos, here comes a new grift, it is crypto something! You’ve heard of venture capital, but this is adventure capital, as in your money is going to go on an adventure, and who knows if it’ll ever come back?

The “venture” is called World Liberty Financial, and it’s maybe a platform, maybe an app? Maybe a borrowing and lending platform? Trump isn’t sure, but there are digital “voting” shares of it called $WLFI. Sounds a little conflict-of-interest-y for a guy who hopes to be president and appoint commissioners to the Securities and Exchange Commission, but never mind that part. How dodgy is it? Dodgier than Dogecoin, let us count the ways!

It goes on for a bit..

Absolutely worth reading.

The felonious pedophile grifter continues....

[Breccia]

Truth Social's stock price is now back below when Trump said he wouldn't sell.

"Ah, so everyone lost faith in his word?"

Probably not, no, because it dropped sharply when this happened:

Judge rules Trump Media breached stock contract with early investor

This story came out at the same time as the sharp drop. Or close enough.

After DWAC merged with Trump Media, those Class B shares were supposed to automatically convert to Class A stock at a 1:1 ratio. But since the company issued more Class A shares after going public, a different stock-conversion ratio applied.

Oh, no! That thing where they just tried to hand Trump a large pile of cash, turns out, it broke a contract! Who would have guessed! Yeah, so, they want their share.

Also:

In a Florida lawsuit, Trump Media has warned that ARC and another investment vehicle, United Atlantic Ventures, are planning an “imminent sale” of more than 18 million DJT shares once the lock-up lifts.

Trump Media in a filing in that same lawsuit on Monday sought an “emergency” court hearing.

"Emergency court hearing to do what?"

I think the safe assumption is "block them from selling before I can and do". When the stock is dumped, last one out is stuck with the check.

[PhaelixWW]

In a Florida lawsuit, Trump Media has warned that ARC and another investment vehicle, United Atlantic Ventures, are planning an “imminent sale” of more than 18 million DJT shares once the lock-up lifts.

When the stock is dumped, last one out is stuck with the check.

Well, those 18 million shares sound like a lot and probably will take some time to offload.

That should give Trump time to sell his... *checks notes*... ahem... *checks notes again*... 115 million shares.


...


Say, what time is this happening, again?

(Note to self: run to the store for popcorn...)

[prwraith]

I love so much reading all these republican figures and their lemming followers on twitter scream about violent democratic rhetoric. Like Trumps base really just lacks any ability to be self aware or they've ridden the tiger so long they forgot how to get off

[PhaelixWW]

I love so much reading all these republican figures and their lemming followers on twitter scream about violent democratic rhetoric. Like Trumps base really just lacks any ability to be self aware or they've ridden the tiger so long they forgot how to get off

I think you mean leopard, not tiger.

[DarkTZeratul]

I think you mean leopard, not tiger.

You're mixing up metaphors. You ride the tiger, the leopard eats your face.

[PhaelixWW]

You're mixing up metaphors.

Very intentionally; that's the joke

With the GoP it's all the same beast.

[Breccia]

Hey @PhaelixWW time's running out before Trump and the other investors can dump their stock. What do you predict for Sept 18, will it go up or down from $16.14?

You already know my guess, Hannity inventing a massive news story today or tomorrow.

[fwc577]

I can admit to a certain admiration for the villain that is quietly competent.
And that ain't Trump, or any of his treasonous cronies.

That sounds like the concept of a good villain

[ati87]

Hey @PhaelixWW time's running out before Trump and the other investors can dump their stock. What do you predict for Sept 18, will it go up or down from $16.14?

You already know my guess, Hannity inventing a massive news story today or tomorrow.

The moment a major stockholder puts up any stock for sale the value of the entire stock will drop and I wouldn't be shocked if it turned into a penny stock in mere hours.

Does anybody has any trust in Donald Trump for holding onto his shares when the wako's around him starts selling the stocks?

[Poopymonster]

The moment a major stockholder puts up any stock for sale the value of the entire stock will drop and I wouldn't be shocked if it turned into a penny stock in mere hours.

Does anybody has any trust in Donald Trump for holding onto his shares when the wako's around him starts selling the stocks?

It's 6:18AM in Reality, Pick your 30 minute window for when the shitting of the bed starts. I'll take 11-11:30AM!

[PhaelixWW]

Hey @PhaelixWW time's running out before Trump and the other investors can dump their stock. What do you predict for Sept 18, will it go up or down from $16.14?

You already know my guess, Hannity inventing a massive news story today or tomorrow.

Well, we have one more full day of trading before the lockdown ends and those shares can be traded. I expect a tumultuous day, either way, before the inevitable race to the bottom on Thursday.

The popcorn is standing by.

[ati87]

Well, we have one more full day of trading before the lockdown ends and those shares can be traded. I expect a tumultuous day, either way, before the inevitable race to the bottom on Thursday.

The popcorn is standing by.

I wouldn't be shocked if trading stopped during the day itself.

[Breccia]

penny stock

I still don't know if the original buyback of $10 is in place.