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@vegeta@lemmy.world to Technology@lemmy.worldEnglish • 8 months ago

Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

www.cnbc.com

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Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

www.cnbc.com

@vegeta@lemmy.world to Technology@lemmy.worldEnglish • 8 months ago
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Donald Trump's crypto project, World Liberty Financial, published a 13-page paper on Thursday laying out its mission and how tokens get allocated.
  • desktop_user [they/them]
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    -20•8 months ago

    treat them as unique beanie babys or basketsport cards. They are only worth anything because of their limited supply.

    • @ilinamorato@lemmy.world
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      17•8 months ago

      Do you honestly think that, on the off chance that the Trump family sells out of these things, they won’t immediately mint more? It’s “limited” in the same way Marvel movies are limited.

      • desktop_user [they/them]
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        -4•8 months ago

        perhaps I should have been more clear, it’s like those things when they were new.

        • @ilinamorato@lemmy.world
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          1•8 months ago

          No, when beanie babies were new you could play with them. When basketball cards were new you could trade them with your friends. They had inherent value first, and then they gained speculative value on the secondary market. Trump’s grift has no inherent value now or ever.

          • desktop_user [they/them]
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            -3•8 months ago

            you can trade nfts with others, and they don’t need to have significant value.

            • @ilinamorato@lemmy.world
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              2•8 months ago

              No, you can’t. You can pretend to, but I can pretend to trade things with anyone without paying any money. The only thing stored on the Blockchain is a URL to an image which everyone just agrees to pretend that you own; if that server goes down, you have nothing.

    • @RecluseRamble@lemmy.dbzer0.com
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      14•8 months ago

      My farts in a sealed bucket are extremely limited and yet I haven’t found a single buyer.

      • @explodicle@sh.itjust.works
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        4•8 months ago

        If you did, I bet the supply would increase. Much like these “limited” Trump farts.

      • Aisteru
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        2•8 months ago

        On that note…

      • @Maeve@midwest.social
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        1•8 months ago

        https://m.youtube.com/watch?v=rCPPCQrzxWg

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