what this shows, sadly, is that Donald Trump actually understands crypto very well - ThreadSky

michaelcaley.bsky.social • 34 days ago

what this shows, sadly, is that Donald Trump actually understands crypto very well

Crypto rallied when Trump was elected because industry leaders looked forward to him loosening regulatory enforcement and helping to legitimize the blockchain model. Instead he is all in on enriching himself with a gimmick currency bearing his name.

Comments

kjotto.bsky.social•34 days ago

The scam man sussed out my obvious scam? Who could have seen this coming???

alehud42.bsky.social•34 days ago

hiding illicit gains and memes

astephman.bsky.social•34 days ago

Understanding things as a 12 year old would understand them is his wheelhouse

michaelcaley.bsky.social•34 days ago

he's legitimately quite good at crime

pepyourstep.bsky.social•33 days ago

He most certainly does not lol. He had someone mint a token, and im sure he doesn't even grasp how that was done.

The man is a fool, he probably things Bitcoin are tangible coins in a vault somewhere.

michaelcaley.bsky.social•33 days ago

you don't need to understand the code to understand it's for scams

pepyourstep.bsky.social•33 days ago

Crypto is not for scams. The underlying technology is actually safer than any previous form of digital ledgers we had.

The lack of education in regards to blockchain makes it easy to fleece idiot's out of their money.

Knowledge is power.

phyrkrakr.bsky.social•34 days ago

There was a Defector article about this earlier this week!

https://defector.com/donald-trump-has-finally-come-up-with-a-use-case-for-crypto?giftLink=23d6490cef8cdb92813330c01f16fdc6

phyrkrakr.bsky.social•33 days ago

Gift link, btw

michaelcaley.bsky.social•33 days ago

I'm a subscriber lol but thanks

phyrkrakr.bsky.social•33 days ago

Oh, I meant to include it in the post and didn't realize I'd left it out. There's a feed that picks up gift links for people who don't subscribe to everything with a paywall

phyrkrakr.bsky.social•33 days ago

https://bsky.app/profile/did:plc:o4s55v3tsfph6whswxccpsia/feed/aaaixbb5liqbu

If you're curious