2026-07-18 12:31 UTC
Grift normalised.
A short piece in the effect that crypto currencies may have on a (relatively) stable system. It has many many faults, but this is not a solution, merely one strategy to steal more. See Trump’s meme coins amongst many other manifestations. He and his family walked away with billions of dollars of suckers money and man of them don't even realise.
https://www.theguardian.com/business/2026/jul/18/trump-crypto-us-economy
#Crypto #CryptoCurrency #DisasterWaitingToHappen #Theft #Trump #ArtOfTheCon
Replies (2)
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@bloor@bloor.tw 2026-07-18 12:33
@Wen@mastodon.scot the suckers were almost entirely some of the absolutely worst people on earth though. So there is that silver lining.
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@hannaB@social.vir.group 2026-07-18 14:21
@Wen@mastodon.scot The guy who wrote this probably doesn't know that most of those Trump buyers weren't crypto natives. They were retail who saw "president coin" and jumped in without understanding slippage or liquidity. That's the real grift - targeting people who still trust the brand.