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Flying Squid@lemmy.world to News@lemmy.world · 3 months ago

More Than 800K Have Lost $2B on Trump’s Meme Coin

www.thedailybeast.com

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More Than 800K Have Lost $2B on Trump’s Meme Coin

www.thedailybeast.com

Flying Squid@lemmy.world to News@lemmy.world · 3 months ago
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The token’s price has crashed from $75 to $17.
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  • Sanctus@lemmy.world
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    3 months ago

    Its fucken poetic that his presidency launched with a shit coin he used to rugpull almost a million people. Fucking idiotic ass timeline.

    • Snapz@lemmy.world
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      3 months ago

      Remember the last time he rug pulled a million people? It was during COVID and the rug was their lives. While other countries saw a fraction of the death relative to populations.

    • NotSteve_@lemmy.ca
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      3 months ago

      I don’t think it could be any more American

  • kmartburrito@lemmy.world
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    3 months ago

  • Limonene@lemmy.world
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    3 months ago

    It’s not a pump-n-dump this time. In my opinion, it’s a laundered bribe. The 800k victims were an unintended benefit.

    • overload@sopuli.xyz
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      3 months ago

      Definitely this was a way for offshore third parties to give Trump money. Gotta say this is my least favourite use of crypto, but it is also the most valuable use case (for corrupt politicians).

    • Voroxpete@sh.itjust.works
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      3 months ago

      It can easily be both.

      • treadful@lemmy.zip
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        3 months ago

        The pump would be the bribe and the dump is them cashing out. Same thing with a bunch of suckers floating the value.

  • JASN_DE@lemmy.world
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    3 months ago

    Damn, where did I put that violin. It’s so small, I think I might have lost it…

    • HellsBelle@sh.itjust.works
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      3 months ago

      The tardigrade is lending you his.

      • overload@sopuli.xyz
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        3 months ago

        • GraniteM@lemmy.world
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          3 months ago

          https://i.imgur.com/ZfXN74B.jpeg

  • Diplomjodler@lemmy.world
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    3 months ago

    A fool and his money are easily parted.

    • Flying Squid@lemmy.worldOP
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      3 months ago

      And yet somehow Elon and Trump are super rich.

      • Lucidlethargy@sh.itjust.works
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        3 months ago

        When you have that much money and power, the only people that fail are the ones at the bottom of your trash heap built on the lies that brought you riches.

        • LillyPip@lemmy.ca
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          3 months ago

          A lot of people never outgrew the schoolyard king-of-the-hill game, and still play it like they’re children.

    • IninewCrow@lemmy.ca
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      3 months ago

      “It’s easier to fool people than to convince them that they have been fooled.” - Mark Twain

  • RedEye FlightControl@lemmy.blahaj.zone
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    3 months ago

    Buy clown coin, get clowned

    more at 11

  • JohnDClay@sh.itjust.works
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    3 months ago

    Coffeezilla on the subject. I guess Trump is running with the ‘if the president does it, it isn’t illegal.’

    https://youtu.be/8zjBj194el8

    • WhatSay@slrpnk.net
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      3 months ago

      Oh, you mean this?

      https://www.pbs.org/newshour/politics/read-the-full-supreme-court-decision-on-trump-and-presidential-immunity

  • SkaveRat@discuss.tchncs.de
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    3 months ago

    There’s a German saying for that:

    Tja.

    • LuckyPierre@lemm.ee
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      3 months ago

      Also: schadenfreude

    • Jericho_Kane@lemmy.org
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      3 months ago

      The only problem with that is that the money goes straight to fascism

    • hawgietonight@lemmy.world
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      3 months ago

      In the region of Albacete (Spain) we have a similar word… and no, it’s not related to the video game giant:

      Ea.

    • darkmogool@feddit.org
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      3 months ago

      jep

    • Tja@programming.dev
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      3 months ago

      Indeed.

  • Baguette@lemm.ee
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    3 months ago

    I remember hearing about some dude putting his grandfather’s inheritance on this poopcoin. Wonder how he’s doing

    • 0^2@lemmy.dbzer0.com
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      3 months ago

      Wife divorced him over it, IIRC

    • Sculptor9157@sh.itjust.works
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      3 months ago

      Maybe his grandfather will pass before he needs it.

  • tal@lemmy.today
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    3 months ago

    https://www.tickcounter.com/countdown/1611151200000/america-new_york/yodhms/FFFFFF3B5998000000FF0000/Time_Until_Trump_Leaves_Office

    Time Until Trump Leaves Office

    3 YEARS :  11  MONTHS : 10  DAYS : 22 HOURS : 11 MINUTES : 23 SECONDS

    Half a day since my last check. This is going to be a long slog.

    • ISOmorph@feddit.org
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      3 months ago

      Until trump is supposed to leave office

      • miss_demeanour@lemmy.dbzer0.com
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        3 months ago

        The previous insurrection was practice.

        • futatorius@lemm.ee
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          3 months ago

          They’re not the only ones who can learn from it.

    • inclementimmigrant@lemmy.world
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      3 months ago

      Boy that’s a pretty big assumption there.

    • Bridger@sh.itjust.works
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      3 months ago

      If he lives that long.

    • btaf45@lemmy.world
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      3 months ago

      Lame Duck Trump has already been classified as the worst president in US history.

  • meowmeowbeanz@sh.itjust.worksBanned
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    3 months ago

    Ah, meme coins-the financial equivalent of betting your life savings on a Magic 8-Ball. How poetic that the same crowd screaming “drain the swamp” now drowns in a crypto septic tank. $2 billion evaporated? That’s just the market’s way of Darwin-awarding fiscal literacy.

    Trump-branded anything is a loyalty test, not an investment. Imagine clutching a digital token of a man who’d sell your kidneys for a Fox News soundbite. The grift’s the point-watching rubes conflate memes with merit. Never change, cultists.

    Edit: no more bold, geez! I got it

    • Entertainmeonly@lemmy.blahaj.zone
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      Ok, I totally agree with you, but your use of bolding and italicizing is making me irrationally angry.

      • emeralddawn45@discuss.tchncs.de
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        This guy goes around posting annoyingly formatted AI summaries of everything, its actually getting pretty annoying.

        • meowmeowbeanz@sh.itjust.worksBanned
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          Oh, the irony of whining about formatting while contributing absolutely nothing to the conversation. If my posts are annoying, imagine the existential dread of realizing your own adds less value than a blank page. AI summaries? No, just coherent thoughts—something you might want to try sometime instead of playing the self-appointed arbiter of relevance.

          Maybe focus less on tone-policing and more on forming an actual argument. Or does that require too much effort? Go ahead, downvote. It’s not like your input changes the fact that this space thrives on ideas, not your fragile sensibilities.

          • emeralddawn45@discuss.tchncs.de
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            Lmao okay yeah, nice ideas chatGPT. Im sure that ‘prompt engineering’ is real tough work.

            Edit* also i didnt downvote you, i don’t see that as productive and i dont disagree with the content of most of your comments. Youre not gonna convince me you weren’t using AI though.

            • meowmeowbeanz@sh.itjust.worksBanned
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              Oh, I scrolled through your posts—what a gallery of beige wallpaper. You manage to say so much while meaning absolutely nothing. It’s almost impressive how consistently you avoid depth, like a skipping stone that never sinks. And yet, here you are, passing judgment on others as if your hollow commentary holds weight.

              If dismissing ideas as “prompt engineering” is the peak of your intellectual rigor, maybe it’s time to sit this one out. This space thrives on substance, not on the brittle ego of someone who mistakes noise for contribution. Keep clinging to your quips—they’re the only thing keeping you afloat.

              beanzie out

              • emeralddawn45@discuss.tchncs.de
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                Yeah i scrolled through the hundred or so pages of flowery nonsense youve posted in just the last day too, until my thimbs got tired. Flooding the space with low effort regurgitated AI slop is maybe not the meaningful contribution of “substance” that you think it is.

      • meowmeowbeanz@sh.itjust.worksBanned
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        3 months ago

        Fixed it! Thanks for the feedback

  • atempuser23@lemmy.world
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    deleted by creator

    • CosmicTurtle0@lemmy.dbzer0.com
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      Why would Trump even need a coin? SCOTUS and court cases have shown he literally could break any law and get away with it.

      • JohnDClay@sh.itjust.works
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        Like the laws against making and promoting scam coins like this.

      • LillyPip@lemmy.ca
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        3 months ago

        He’s been gradually ramping up the severity of his crimes for decades. He’s still doing it, and won’t stop until we stop him. I don’t know if there’s a ceiling, but I’m certain his gang doesn’t think there is.

      • Phoenixz@lemmy.ca
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        Because he wants to steal more money and this is an easy way to do so for someone who doesn’t need to obey any laws

      • atempuser23@lemmy.world
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  • DaddleDew@lemmy.world
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    Oh no. The thing everyone said would happen has happened.

    Btw, only idiots put money in that currency thinking it was an investment. The true purpose of that currency was to disguise bribes.

  • Monkey With A Shell@lemmy.socdojo.com
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    Was never anything more than a way to scam some money and make it harder to track/tax.

  • aesthelete@lemmy.world
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    You’re supposed to lose your money. That’s the business.

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