Flying Squid@lemmy.world to News@lemmy.world · 2 days agoMore Than 800K Have Lost $2B on Trump’s Meme Coinwww.thedailybeast.comexternal-linkmessage-square73fedilinkarrow-up1438arrow-down17cross-posted to: [email protected][email protected]
arrow-up1431arrow-down1external-linkMore Than 800K Have Lost $2B on Trump’s Meme Coinwww.thedailybeast.comFlying Squid@lemmy.world to News@lemmy.world · 2 days agomessage-square73fedilinkcross-posted to: [email protected][email protected]
minus-squareLimonene@lemmy.worldlinkfedilinkarrow-up67·2 days agoIt’s not a pump-n-dump this time. In my opinion, it’s a laundered bribe. The 800k victims were an unintended benefit.
minus-squareoverload@sopuli.xyzlinkfedilinkarrow-up22arrow-down1·2 days agoDefinitely 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).
minus-squaretreadfullinkfedilinkEnglisharrow-up7·2 days agoThe pump would be the bribe and the dump is them cashing out. Same thing with a bunch of suckers floating the value.
minus-squareVoroxpete@sh.itjust.workslinkfedilinkarrow-up1·1 day agoYeah, the bribe theory actually doesn’t work unless it’s also a pump and dump, otherwise there’s no way for Trump to extract value from the bribes.
It’s not a pump-n-dump this time. In my opinion, it’s a laundered bribe. The 800k victims were an unintended benefit.
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).
It can easily be both.
The pump would be the bribe and the dump is them cashing out. Same thing with a bunch of suckers floating the value.
Yeah, the bribe theory actually doesn’t work unless it’s also a pump and dump, otherwise there’s no way for Trump to extract value from the bribes.