this post was submitted on 09 Feb 2025
173 points (97.8% liked)

politics

19916 readers
3192 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
 

Summary

Donald Trump’s cryptocurrency, $Trump, has led to $2 billion in investor losses.

Launched three days before his inauguration, the meme coin initially surged from $0.18 to $75, allowing early traders to profit massively.

However, its value has since plummeted to $17, leaving over 810,000 crypto wallets at a loss.

Meanwhile, Trump and his family have earned over $100 million in trading fees.

top 20 comments
sorted by: hot top controversial new old
[–] jagged_circle@feddit.nl 4 points 12 hours ago

Meme coins are donations. They didn't expect to gain value from it. It was a fucking premine

[–] booganiganie@lemmy.world 7 points 21 hours ago

He is exploiting stupid people. That's his thing

[–] huquad@lemmy.ml 23 points 1 day ago

My heart goes out to these people. In order to help make them whole, I'll be launching a new crypto currency. This one is going to the moon, so go ahead and buy now!

[–] Placebonickname@lemmy.world 50 points 1 day ago (1 children)

Lol. Invest in the guy who bankrupted casinos? Lol, no thanks

Technically it's not really an investment in his business, it's more like buying a collectable with limited supply. But yes, it's still dumb to buy this coin lol

[–] cabron_offsets@lemmy.world 28 points 1 day ago (1 children)

Good, fuckem. I made money off of those fucking moron cunts.

[–] jacksilver@lemmy.world 17 points 1 day ago (1 children)

A lot of concern I've heard is that it's possible he's using it as a payment method for bribes/influence. Since they make money on fees, you could literally just trade the coins back and forth to yourself and "give" trump money.

[–] DarkDarkHouse@lemmy.sdf.org 5 points 21 hours ago

You can also just rent his hotel rooms and leave them empty, like the Saudis. He’s opened so many channels to funnel money to him for favour.

[–] Alexstarfire@lemmy.world 34 points 1 day ago (1 children)

You know what they set about a fool and his money.

[–] TachyonTele@lemm.ee 8 points 1 day ago (1 children)

There's orange spray paint on it?

[–] Alexstarfire@lemmy.world 7 points 1 day ago (1 children)

I don't think he carries around bills. Dude's allergic to paying people.

[–] TachyonTele@lemm.ee 2 points 1 day ago (1 children)

Excuse me, this is Neo-America. We don't use logic anymore.

[–] Alexstarfire@lemmy.world 3 points 1 day ago
[–] SinningStromgald@lemmy.world 12 points 1 day ago (2 children)

Crypto is like backing a Kickstarter or Gamefound project: Don't invest any money you can't afford to loose.

I'm going to guess a fair number of these people didn't follow that rule.

[–] nightwatch_admin@feddit.nl 7 points 1 day ago

Well, of course that’s true. There is still a difference with “investing” in fucking memecoins.

[–] iamanurd@midwest.social 4 points 1 day ago

That’s regular crypto. This is that plush a dash of trump. I’d stick with only the first half of your advice. 😉

[–] kmartburrito@lemmy.world 10 points 1 day ago
[–] GrymEdm@lemmy.world 9 points 1 day ago* (last edited 1 day ago)

As much as I don't want regular people to suffer, this is like hearing about someone who thought everyone who didn't drink bleach was stupid and they were going to prove something by downing it. At no point was that coin a good idea for anyone except the ones who got on early and guessed the right time to dump it, and that information was very freely available.

I'd say maybe losing a lot of their own money will finally teach people not to trust Trump, but a) we are so far past the point of trust based on logic and facts that I doubt it and b) it's too late anyways, they've already given him monarch levels of power and money. Plus Trump will probably blame the crash on malicious immigrants blatantly and black women slyly (DEI) and his base will lap it up.

[–] DrSleepless@lemmy.world 3 points 1 day ago