The Never-ending Grift

Jolly

I would say 90% of the population has little knowledge of bitcoin.

taiwan_girl

I would say 90% of the population has little knowledge of bitcoin.

I agree with that. Even a lot of people who invest in it (and swear by it) dont really understand it.

jon-nyc

I understand blockchain. It’s the coins I don’t get. I’m still waiting for a use case besides money laundering, smuggling, and speculation.

Doctor Phibes

Nobody who claims to understand it has ever been able to explain bitcoin to me so that I can understand it. Admittedly, I felt much the same way about quantum mechanics, although at least in that case the professional dorks could back up their claim with third order non-linear differential equations.

So either I'm really stupid or they don't actually get it. Obviously, both could also be true.

Horace

One classical use case is that bitcoin would be a currency that would survive the collapse of fiat currencies. Thus "digital gold".

taiwan_girl

Trump bitcoin pricing chart since launch

Horace

I'm actually glad it's dying a quick death rather than building up slowly so that more people eventually get burned.

jon-nyc

Yeah, that initial burst was probably from the cohort that made a fortune reselling his sneakers.

Jolly

Mega-Grift:

https://issuesinsights.com/2025/02/07/wait-you-mean-theres-corruption-in-washington/

taiwan_girl

More than 813,000 crypto wallets have lost a total of $2 billion after buying President Donald Trump’s memecoin, according to an assessment by Chainalysis commissioned by the New York Times. Meanwhile, the Trump Organization and its partners gained $100 million in trading fees. Since its Jan. 17 launch, $TRUMP has lost most of its value, which is now about $16 per share, down from its $75 peak.

https://www.inkl.com/news/thousands-of-investors-in-trump-s-memecoin-lost-2-billion-in-just-weeks-while-the-family-and-its-partners-racked-up-100-million-in-trading-fees

Renauda

@taiwan_girl

Meanwhile, the Trump Organization and its partners gained $100 million in trading fees

It’s the Ferengi way.

Jolly

$2B compared to just USAID is chump change.

You want grift? Check that agency out.

jon-nyc

Sorry Jolly, we’re not changing the subject. It is objectively gross the way he repeatedly fleeces his sheep and at some level you must see through it.

I just hope you haven’t bought into any of his grifts yourself.

Jolly

@jon-nyc said in The Never-ending Grift:

Sorry Jolly, we’re not changing the sunjisect. It is objectively gross the way he repeatedly fleeces his sheep and at some level you must see through it.

I just hope you haven’t bought into any of his grifts yourself.

You changed the subject way back in the thread, since the thread was about the Biden Crime Family.

All pardoned now, btw.

89th

LOL you can thank Trump for those pardons. Wouldn't have happened otherwise. I guess J6 folks who beat up cops can also thank Trump for the pardons, too. MAPA!

jon-nyc

My personal view is he would have pardoned Hunter in any case. And his brother was in fact under investigation by his own DoJ (imagine that happening to a Trump family member under Bondi - lol). So maybe that one too.

Jolly

@89th said in The Never-ending Grift:

LOL you can thank Trump for those pardons. Wouldn't have happened otherwise. I guess J6 folks who beat up cops can also thank Trump for the pardons, too. MAPA!

Biden pardoned the Biden crime family, not Trump.

89th

Do you think Biden would've done those last minute pardons had it been McCain or Romney or someone else about to be sworn in?

Jolly

It's not all about Trump 24/7, you know.

jon-nyc

Again, I think he would have pardoned his son and maybe his brother. The other preemptive ones? No.

The New Coffee Room

The Never-ending Grift