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Trump / Musk (other than DOGE)

  • Thread starter Thread starter nycfan
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  • Politics 


“
The crypto industry eagerly awaited Donald Trump’s return to the White House. Now, it’s reeling after the president and first lady launched a pair of meme coins.

Dubbed $TRUMP and $MELANIA, the tokens have no economic purpose—their value is largely based on the popularity of internet memes. The market cap of the president’s coin has soared to $7.8 billion since Friday night’s launch, while the first lady’s token is worth about $800 million, according to CoinMarketCap.

By selling coins known for their speculative nature and extreme volatility, the president has undermined the credibility that the industry has worked hard to build in recent years, some crypto executives and investors say.

They also point to the brazen conflict of interest: Trump benefits directly from the sale of the tokens while setting the policy that affects how markets are valued and regulated.

Even the most ardent Trump supporters reached a breaking point when the $MELANIA token launched less than 48 hours after the rollout of her husband’s coin. …”
 
Ramrouser said:
I can't believe anyone seriously believes Elon consciously made a Nazi salute. We all know he's a spaz and routinely makes odd movements on stage when he's excited. The ADL is spot on.

Plus, no one on the left seems to worry that some of our college campuses are filled with students shouting actual anti - Jewish slogans and actually intimidating Jewish students. Weird. I believe this is why the ADL took the position it did - they rightly don't want to be seen as "crying wolf."
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1. Lots of people on the left are worried about that. Did you pay attention? Oh, right, that's not what you do.
2. He repeated the Nazi salute. It was not a spasm. He did it twice for emphasis, and he's laughing that he's got idiots like you carrying water for him. That's likely why he did it. You fools are sport to him.
 
Continued

“… Trump or any other coin issuer benefits twice when meme coins are sold to the public. They get the proceeds of coin sales and they have an ownership stake whose value rises when the price of the coin increases. They can then sell more coins to gain further profits.

… After the stunning collapse of the FTX exchange in 2022, the crypto industry made big inroads in rebuilding its brand and reputation. It emerged as one of the biggest spenders of the election cycle by donating $170 million to a trio of super PACs to elect friendly lawmakers.

… In launching the tokens, Trump has waded into a longstanding divide in the world of crypto: staid technology enthusiasts who see crypto as a means of financial inclusion and innovation versus speculative investors who see it as a means to monetize brands, memes and ideas.

…“There’s a general level of disgust,” said Gayed. “I do believe this puts into question some of Trump’s credibility when we have a president-elect enrich himself just before inauguration and make a mockery of an entire ecosystem.”

Some crypto investors said the fervor around the Trump family meme coins is a sign of frothy market conditions and an indication that crypto prices may have peaked. Bitcoin prices set a new high above $109,000 early Monday, just hours before Trump’s inauguration, and have soared about 50% since his election.

“To me, it’s a glaringly obvious top signal,” said Quinn Thompson, founder of crypto hedge fund Lekker Capital. “Everyone’s extremely exuberant with high animal spirits.” …”
 
Just watched a reel where Mr. Beast floated the idea of buying Twitter (I refuse to call it the other name). Now I readily admit that this could be a huge fake or something from some time ago. If Mr. Beast bought it I would come back to it. I miss my sports content UFC, Heels, Canes etc. Bluesky is nice, but I do miss my Twitter.
 
MOUNTAINH33L said:
Just watched a reel where Mr. Beast floated the idea of buying Twitter (I refuse to call it the other name). Now I readily admit that this could be a huge fake or something from some time ago. If Mr. Beast bought it I would come back to it. I miss my sports content UFC, Heels, Canes etc. Bluesky is nice, but I do miss my Twitter.
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Mr. Beast is getting ahead of himself a bit. He should probably focus on the allegations of horrific mistreatment of his staff and contestants.
 
lawtig02 said:
Whatever form it takes, I have absolutely no doubt whatsoever that the next four years will see a MASSIVE expansion of executive power at the expense of the legislature, the courts and the states. I still can’t figure out how so many people who think of themselves as small government advocates have been deluded into supporting this movement. I don’t think it’s a stretch at all to say that Democrats are more conservative than 2025’s version of MAGA.
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Given the structural advantages Republicans have in the senate, and the tendency toward gridlock (especially as long as the filibuster remains part of the senate process) transferring power from the legislature to the executive would probably be a long-term structural advantage for Democrats.
 
Calheel said:
Given the structural advantages Republicans have in the senate, and the tendency toward gridlock (especially as long as the filibuster remains part of the senate process) transferring power from the legislature to the executive would probably be a long-term structural advantage for Democrats.
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What SCOTUS giveth, SCOTUS can taketh away.
 
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