1. #91961
    Void Lord Breccia's Avatar
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    Quote Originally Posted by Edge- View Post
    /r/cryptocurrency was not impressed
    Wow, 1800+ upvotes in 7 hours.

  2. #91962
    Merely a Setback Kaleredar's Avatar
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    Quote Originally Posted by Edge- View Post
    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.
    “Do not lose time on daily trivialities. Do not dwell on petty detail. For all of these things melt away and drift apart within the obscure traffic of time. Live well and live broadly. You are alive and living now. Now is the envy of all of the dead.” ~ Emily3, World of Tomorrow
    Quote Originally Posted by Wells View Post
    Kaleredar is right...
    Words to live by.

  3. #91963
    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..
    “But this isn’t the end. I promise you, this is not the end, and we have to regroup and we have to continue to fight and continue to work day in and day out to create the better society for our children, for this world, for this country, that we know is possible.” ~~Jon Stewart

  4. #91964
    Quote Originally Posted by Shadowferal View Post
    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!"

  5. #91965
    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.
    “But this isn’t the end. I promise you, this is not the end, and we have to regroup and we have to continue to fight and continue to work day in and day out to create the better society for our children, for this world, for this country, that we know is possible.” ~~Jon Stewart

  6. #91966
    Merely a Setback Sunseeker's Avatar
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    Sounds like a concept of a scam.
    Human progress isn't measured by industry. It's measured by the value you place on a life.

    Just, be kind.

  7. #91967
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    Quote Originally Posted by Shadowferal View Post
    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....

  8. #91968
    Void Lord Breccia's Avatar
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    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.

  9. #91969
    Old God PhaelixWW's Avatar
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    Quote Originally Posted by Breccia View Post
    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...)
    R.I.P. Democracy


    "The difference between stupidity
    and genius is that genius has its limits."

    --Alexandre Dumas-fils

  10. #91970
    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
    Dragonflight Summary, "Because friendship is magic"

  11. #91971
    Old God PhaelixWW's Avatar
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    Quote Originally Posted by prwraith View Post
    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.
    R.I.P. Democracy


    "The difference between stupidity
    and genius is that genius has its limits."

    --Alexandre Dumas-fils

  12. #91972
    Quote Originally Posted by PhaelixWW View Post
    I think you mean leopard, not tiger.
    You're mixing up metaphors. You ride the tiger, the leopard eats your face.

  13. #91973
    Old God PhaelixWW's Avatar
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    Quote Originally Posted by DarkTZeratul View Post
    You're mixing up metaphors.
    Very intentionally; that's the joke

    With the GoP it's all the same beast.
    R.I.P. Democracy


    "The difference between stupidity
    and genius is that genius has its limits."

    --Alexandre Dumas-fils

  14. #91974
    Void Lord Breccia's Avatar
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    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.

  15. #91975
    Quote Originally Posted by Shadowferal View Post
    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

  16. #91976
    Quote Originally Posted by Breccia View Post
    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?

  17. #91977
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    Quote Originally Posted by ati87 View Post
    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!
    Quote Originally Posted by Crissi View Post
    Quit using other posters as levels of crazy. That is not ok


    If you look, you can see the straw man walking a red herring up a slippery slope coming to join this conversation.

  18. #91978
    Old God PhaelixWW's Avatar
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    Quote Originally Posted by Breccia View Post
    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.
    R.I.P. Democracy


    "The difference between stupidity
    and genius is that genius has its limits."

    --Alexandre Dumas-fils

  19. #91979
    Quote Originally Posted by PhaelixWW View Post
    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.

  20. #91980
    Void Lord Breccia's Avatar
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    Quote Originally Posted by ati87 View Post
    penny stock
    I still don't know if the original buyback of $10 is in place.

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