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The New Coffee Room

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  3. The Never-ending Grift

The Never-ending Grift

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  • jon-nycJ jon-nyc

    Earlier today, the president’s daughter Ivanka warned her social media followers not to fall for a scam crypto coin called $IVANKA that, she said, “is being promoted without my consent or approval.”

    I would love to hear someone articulate why it would be any less of a scam if she were the one promoting it.

    Maybe a better way to phrase it would have been ‘this is someone else scamming you, not me’.

    taiwan_girlT Offline
    taiwan_girlT Offline
    taiwan_girl
    wrote on last edited by
    #107

    @jon-nyc Well, based on the family history, it is a pretty believable "product"

    1 Reply Last reply
    • jon-nycJ jon-nyc

      Earlier today, the president’s daughter Ivanka warned her social media followers not to fall for a scam crypto coin called $IVANKA that, she said, “is being promoted without my consent or approval.”

      I would love to hear someone articulate why it would be any less of a scam if she were the one promoting it.

      Maybe a better way to phrase it would have been ‘this is someone else scamming you, not me’.

      89th8 Offline
      89th8 Offline
      89th
      wrote on last edited by
      #108

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

      Earlier today, the president’s daughter Ivanka warned her social media followers not to fall for a scam crypto coin called $IVANKA that, she said, “is being promoted without my consent or approval.”

      I would love to hear someone articulate why it would be any less of a scam if she were the one promoting it.

      Maybe a better way to phrase it would have been ‘this is someone else scamming you, not me’.

      Hahaha, so true.

      Also, do you think Barron was named after the Robber Baron? Sure would make sense.

      AxtremusA 1 Reply Last reply
      • 89th8 89th

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

        Earlier today, the president’s daughter Ivanka warned her social media followers not to fall for a scam crypto coin called $IVANKA that, she said, “is being promoted without my consent or approval.”

        I would love to hear someone articulate why it would be any less of a scam if she were the one promoting it.

        Maybe a better way to phrase it would have been ‘this is someone else scamming you, not me’.

        Hahaha, so true.

        Also, do you think Barron was named after the Robber Baron? Sure would make sense.

        AxtremusA Offline
        AxtremusA Offline
        Axtremus
        wrote on last edited by
        #109

        @89th said in The Never-ending Grift:

        Also, do you think Barron was named after the Robber Baron? Sure would make sense.

        More likely there was a copy of Barron's on the nightstand or coffee table when the naming took place.

        1 Reply Last reply
        • JollyJ Offline
          JollyJ Offline
          Jolly
          wrote on last edited by
          #110

          Ah, the hyenas circle the 🔥, just out of the circle of light.

          Face it, with the exception of Barron, I doubt any of the Trump kids understand Bitcoin. Somebody made a pitch and they took it.

          Personally, I would not invest in any of the stuff.

          “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

          AxtremusA 1 Reply Last reply
          • JollyJ Jolly

            Ah, the hyenas circle the 🔥, just out of the circle of light.

            Face it, with the exception of Barron, I doubt any of the Trump kids understand Bitcoin. Somebody made a pitch and they took it.

            Personally, I would not invest in any of the stuff.

            AxtremusA Offline
            AxtremusA Offline
            Axtremus
            wrote on last edited by
            #111

            @Jolly said in The Never-ending Grift:

            Face it, with the exception of Barron, I doubt any of the Trump kids understand Bitcoin.

            I have seen no evidence to support the above. Feel free to point me to such evidence if you wish. :man-shrugging:

            JollyJ 1 Reply Last reply
            • HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by
              #112

              I wonder how much damage a future anti-crypto president could do to the value of bitcoin? It's designed to be immune to such pressures.

              Education is extremely important.

              1 Reply Last reply
              • AxtremusA Axtremus

                @Jolly said in The Never-ending Grift:

                Face it, with the exception of Barron, I doubt any of the Trump kids understand Bitcoin.

                I have seen no evidence to support the above. Feel free to point me to such evidence if you wish. :man-shrugging:

                JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #113

                @Axtremus said in The Never-ending Grift:

                @Jolly said in The Never-ending Grift:

                Face it, with the exception of Barron, I doubt any of the Trump kids understand Bitcoin.

                I have seen no evidence to support the above. Feel free to point me to such evidence if you wish. :man-shrugging:

                I extrapolate that from what Trump told Hannity about Tik-Tok in his recent interview.

                “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
                  #114

                  I would say that the people on this forum board on average are more knowledgable about bit coin than the average 18 year old. Most 18 year olds that I know do not have much, if any, knowledge of bit coin.

                  1 Reply Last reply
                  • JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote on last edited by
                    #115

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

                    “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

                    taiwan_girlT 1 Reply Last reply
                    • 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
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