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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. The Never-ending Grift

The Never-ending Grift

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  • JollyJ Jolly

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

    taiwan_girlT Offline
    taiwan_girlT Offline
    taiwan_girl
    wrote on last edited by
    #116

    @Jolly said in The Never-ending Grift:

    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.

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #117

      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.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • Doctor PhibesD Offline
        Doctor PhibesD Offline
        Doctor Phibes
        wrote on last edited by Doctor Phibes
        #118

        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.

        I was only joking

        1 Reply Last reply
        • HoraceH Offline
          HoraceH Offline
          Horace
          wrote on last edited by
          #119

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

          Education is extremely important.

          1 Reply Last reply
          • taiwan_girlT Offline
            taiwan_girlT Offline
            taiwan_girl
            wrote on last edited by
            #120

            Trump bitcoin pricing chart since launch

            TRUMP_1M_graph_coinmarketcap.jpeg

            1 Reply Last reply
            • HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by
              #121

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

              Education is extremely important.

              1 Reply Last reply
              • jon-nycJ Online
                jon-nycJ Online
                jon-nyc
                wrote on last edited by
                #122

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

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                1 Reply Last reply
                • JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #123

                  Mega-Grift:

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

                  “Cry havoc and let slip the DOGE of war!”

                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                  1 Reply Last reply
                  • taiwan_girlT Offline
                    taiwan_girlT Offline
                    taiwan_girl
                    wrote on last edited by
                    #124

                    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

                    RenaudaR 1 Reply Last reply
                    • taiwan_girlT 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

                      RenaudaR Offline
                      RenaudaR Offline
                      Renauda
                      wrote on last edited by Renauda
                      #125

                      @taiwan_girl

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

                      It’s the Ferengi way.

                      Elbows up!

                      1 Reply Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #126

                        $2B compared to just USAID is chump change.

                        You want grift? Check that agency out.

                        “Cry havoc and let slip the DOGE of war!”

                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                        1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote on last edited by jon-nyc
                          #127

                          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.

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          JollyJ 1 Reply Last reply
                          • jon-nycJ 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.

                            JollyJ Offline
                            JollyJ Offline
                            Jolly
                            wrote on last edited by
                            #128

                            @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.

                            “Cry havoc and let slip the DOGE of war!”

                            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                            1 Reply Last reply
                            • 89th8 Offline
                              89th8 Offline
                              89th
                              wrote on last edited by
                              #129

                              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!

                              JollyJ 1 Reply Last reply
                              • jon-nycJ Online
                                jon-nycJ Online
                                jon-nyc
                                wrote on last edited by jon-nyc
                                #130

                                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.

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                1 Reply Last reply
                                • 89th8 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!

                                  JollyJ Offline
                                  JollyJ Offline
                                  Jolly
                                  wrote on last edited by
                                  #131

                                  @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.

                                  “Cry havoc and let slip the DOGE of war!”

                                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                  1 Reply Last reply
                                  • 89th8 Offline
                                    89th8 Offline
                                    89th
                                    wrote on last edited by
                                    #132

                                    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?

                                    HoraceH 1 Reply Last reply
                                    • JollyJ Offline
                                      JollyJ Offline
                                      Jolly
                                      wrote on last edited by
                                      #133

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

                                      “Cry havoc and let slip the DOGE of war!”

                                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                      1 Reply Last reply
                                      • jon-nycJ Online
                                        jon-nycJ Online
                                        jon-nyc
                                        wrote on last edited by
                                        #134

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

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • 89th8 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?

                                          HoraceH Offline
                                          HoraceH Offline
                                          Horace
                                          wrote on last edited by
                                          #135

                                          @89th said in The Never-ending Grift:

                                          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?

                                          Those double standards are a little bit blatant. Trump did not introduce the concept of politically motivated prosecutions. In general, when someone tells you what they're terrified their enemy will do to them, that's what they'll do to their enemy, if given a chance. In this case, it's what the left already did to Trump that they're afraid of.

                                          Education is extremely important.

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