I feel this in my bones, but the even more serious problem is that we don’t actually know who is buying these, which is why it is also quite likely an unconstitutional emoluments clause violation. Could be any number of foreign governments, too.
Reposted from
Tom Pepinsky
At both an intellectual and a political level, I am not equipped to conceptualize how to oppose the next administration when the president can promote shitcoins and millions of Americans respond by eagerly exchanging real money for pretend money
Comments
Meanwhile, I'm calling his coin the $Strumpet. Check the definition, going back to the Bible.
Why fly to DC and put up with lousy room service when you can just dump your bribe money into a dodgy speculative asset?
yes, it is the only money dear leader accepts
Why should we believe anything will happen now?
Mark to market is kind of bullshit though. If he sold that, he would devalue the asset.
But then, his "originalist" allies on SCOTUS have demonstrated that they won't necessarily be bound by the Constitution either.
I'm honestly curious why anybody is wasting money going to law school at this point.
What is law anymore? Just make believe rules for poor people without GOP political connections but mild suggestions for everyone else?
Intro: I don't know, man
Review: Look at all this VC bullshit
Data: Look around
Conclusion: I just can't
Wait, you're serious, aren't you?
(So, like, 40% serious.)
In philosophy there are quite a few people wanting to write about crypto, and from their papers I can make a good guess about their investment portfolios.
Reviewer 2: but what if, like, facts
Reviewer 3: [this is just a Mr. Beast candy-bar ad]
R2: Trivial!
R3: Obvious!
Funder: Do better.
(Thanks Joe Biden)