The fact that fartcoins are 30 times as "valuable" as Trumps idiot-coins should be evidence enough.

Yes. Just seeing the words "market cap" should tell you something. It is a completely meaningless term when you are talking about crypto currency.

The price means somethings, the amount held means something. The entity that sold them can mean something. But market cap isn't it.

It's not a crime if it's the president, the scrotus said so

His whole political career has been a conflict of interest.

Who's going to stop him?

Is that even illegal yet?

Bingo, the CCP can't bribe Trump directly but they can buy a ton of crypto.

Really sucks that I, an atheist, acknowledge that I can do nothing more impactful than pray Trump dies soon.

Time to start the next one

In my mind this is just another way for shady actors to give him money with less paper trail. Is that not possible? I admit I don't actually know how people are buying or selling this.

Honestly if that's what's happening it seems like an actual 'good' use case for crypto. Good as in clever/useful not good as in, well, good.

let’s wait and see how the coin does at the end of his administration.

Pfft, I'm betting he'll rugpull in a month, tops, possibly before february even starts.

Bitcoin is sitting at 105,000 each. Businesses have bought in, banks have bought in. A whole country buys them like clockwork for their citizens future.

Its a damn ponzi scheme where the last to hold the bag is the loser. Yet it is so big now, so entrenched, I dare say it may be too big (to be allowed) to fail.

Insane. And the worst part is, nobody actually uses them. Not in any significant way. It's just let's get rich!

I wish more people understood this. Especially in the press, since its their job to educate everyone else.

Trading volume is what matters, not trading price. It's only worth $25 billion if you can turn $25 billion of it into cash.

Unfortunately since banks still haven't take wised up to this, and the wildcat crypto banks really haven't, its likely still possible to pump a meme coin and then take out loans against the purported asset value. The bank is then left trying to repossess a pile of worthless memecoin when you fail to repay the loan.

At this point, anything the billionaires want is legal. It is fucking absurd. The entirety of T****'s first term was insanity. This one will be catastrophic, and unfixable for generations. His supreme court, judges, corruption has made it inevitable.

I tried to logically deal with the firehose of lies and hatred, thought it was important and worth it. Not anymore. Not again. This country is too fucking dumb for me to care anymore, too easily manipulated. Not worth the pain. I did what I could, voted against it every time. "But the price of eggs!"

I'm just going to fuck off and try to enjoy myself while it burns. Someone wake me for the revolution, the oligarch bbq, or some legit riots at least.

There's no rule saying a dog can't play basketball

Why should legality matter? What are laws? It's rules that the government put down for everyone to follow. And what happens if someone controls all aspects of the government?

Legality is meaningless in the face of fascism, because the fascist government will be making the laws. it's like asking why it wasn't illegal to do genocide in nazi Germany. Or asking why it wasn't enforced by law to hide jews from the nazis to protect them

Legality is not relevant. Legality is not morality or a foundation for ethics. Legality is just the will of the government, for better or for worse. It is not something that necessarily serves the people's beat interests