The naked grift is truly breathtaking in its scope and scale. As the administration returns to power, there will be no limits placed on the power of the wealthy to extract from the plebes.
there's a very important aspect to this involving where a lot of the money came from (and almost all of it came through): China (specifically fraudsters already indicted by the SEC and connected to the global money laundering industry)
This one section from that post lays bare the game:
"Let me give you one final important insight: the only difference between bitcoin and a memecoin like FartCoin is that bitcoin came first. In other words, bitcoin is a memecoin. A lot of people have convinced themselves they don’t understand bitcoin when in reality they understand bitcoin just fine, they just can’t believe it could be as stupid as the thing they are envisioning. But it is exactly that stupid."
Yup, I have been telling people this for more than a decade
My brother, who doesn’t have two nickels, mentioned crypto to me and I almost strangled him thru the phone. He has a slight learning disability and I spelled the word DISASTER and made him promise me to leave it alone. 🙄
It is absolutely gambling, and people lose their shirts and more all the time to gambling. What’s really cool is that this type of gambling is fine with the talibangelicals, who otherwise consider gambling to be the work of satan. How awesome is that?
there's a very important aspect to this involving where a lot of the money came from (and almost all of it came through): China (specifically fraudsters already indicted by the SEC and connected to the global money laundering industry)
https://cryptadamus.substack.com/p/the-trumpcoin-cometh
This one section from that post lays bare the game:
"Let me give you one final important insight: the only difference between bitcoin and a memecoin like FartCoin is that bitcoin came first. In other words, bitcoin is a memecoin. A lot of people have convinced themselves they don’t understand bitcoin when in reality they understand bitcoin just fine, they just can’t believe it could be as stupid as the thing they are envisioning. But it is exactly that stupid."
Yup, I have been telling people this for more than a decade
Reading your post now, an epic explanation!
Much thanks for this
“a $500B Bitcoin Strategic Reserve”
It’s kinda like Fort Knox, only the gold is imaginary.
Apparently if you can sell people on “American Exceptionalism” you can sell them pretty much anything.
My brother, who doesn’t have two nickels, mentioned crypto to me and I almost strangled him thru the phone. He has a slight learning disability and I spelled the word DISASTER and made him promise me to leave it alone. 🙄
Like people dying of thirst in the desert and seeing an oasis, only it is a mirage.
How do you ascertain worth? It seems unsustainable to me.
Can we tax crypto for using our electrical power? If we don’t have turbines and solar how can we maintain the grid.
This is what worries me. The amount of power to mine crypto is a ginormous energy drain. Enjoy your crypto by candlelight? 🙄
Are you going to write that song? Crypto by candlelight.
Lol, that would be hilarious.
2nd line: The future was bright.
It is absolutely gambling, and people lose their shirts and more all the time to gambling. What’s really cool is that this type of gambling is fine with the talibangelicals, who otherwise consider gambling to be the work of satan. How awesome is that?
Just like salting a mine. Crazy 😜. I don’t understand how you invest in something that isn’t tangible.
And unregulated and soon it seems, to be tied to Treasury. Jesus H Roosevelt Christ!!
$BridgeWestOfSanFrancisco
Is it wrong that I’m not sorry that people have or will be taken to the cleaners by the crypto scam? If so, I don’t want to be right.
True that!