Crypto executives fear investor backlash over Trump memecoins

Posted by ldn6

12 Comments

  1. I mean, what should I say to that?

    I imagine that I am a “The Daily Show” writer and I’m trying to formulate a joke or a criticism based on this article. Irony and satire dead, leopards face etc these are already clichés on day 2 of Trump’s reign.

  2. > Following Trump’s lead, Lorenzo Sewell, a Detroit pastor who spoke during the president’s inauguration, announced the launch of his own memecoin later that day.

    > “I need you to do me a favour and go and get that coin in order for us to accomplish the vision that God has called us to do on earth,” he said in a video online.

    I’m done with this world.

  3. >One big Silicon Valley investor at the World Economic Forum in Davos called Tesla boss Elon Musk and Trump “the new Crassus and Caesar” — referring to the Roman political figures who formed an alliance to further their own interests. “We are seeing real ‘End of Empire’ stuff in the US,” the person added, pointing to the creation of billions of dollars in wealth overnight. “Human nature never changes.”

    why are these VC ghouls all so obsessed with ancient rome

  4. Broke: crypto nerds scamming tech illiterates

    Woke: crypto bros scamming crypto nerds

    Bespoke: tech illiterates scamming crypto bros

  5. midwestern2afault on

    “He’s making crypto look bad.” No you assholes, he’s just being honest and transparent (for once) about what a scam and grift this entire space is, and using it to boost his own bottom line. That doesn’t make it right, but what do you expect? You helped put a known conman into office, and you really expected him to let you have a monopoly on the marks (whoops, sorry… I mean “investors”). Please.

  6. The one redeeming quality of Trump is how consistently he screws over his own supporters and sycophants.

  7. HOU_Civil_Econ on

    Can someone explain the practicalities here? Did Trump just announce “send me $5 and I’ll say you own a $Trump”? Is there really anything more to it?

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