Trump Launched a Meme Coin

[LordFall]

As some of you might've heard, Trump shocked the world last night by launching his own meme coin that has already now reached top 30 in the crypto charts with a market capitalization of $6 billion.

I think everyone here should be wise to study crypto and finance as it's a new revolution in money and how power is concentrated on earth. Decentralized finance promotes individualism and sovereignty above collectivism and is basically a stage orange currency vs stage blue. 

It's ironic because I don't think Trump is doing this out of the good of his heart at all, if anything he will probably succeed in collapsing the USD and enriching himself through crypto but the collateral damage of that will be financial freedom for many people.

I would highly recommend watching a few podcasts by Michael Saylor, Saifedean Ammous and videos by Alex Becker/Elio Trades if you're new to the field as it will affect your life no matter who you are if you are a human on earth. 

Especially for intellectuals this is a massive competitive advantage as most people can't be bothered to study this. 

Just remember to do your own research and that this is extremely risky. Although remaining in the status quo and traditional financial system I would also say is extremely risky. 

True inflation is around 10-12% a year and absolutely destroys all of our purchasing power. 

Last 4 years will give you the chance to become extremely financially educated and gain equivalent financial freedom. I'd highly suggest you take advantage of it! 

Edited 21 hours ago by integral

[cistanche_enjoyer]

Now even Melania launched her memecoin lol

[PenguinPablo]

@cistanche_enjoyer

These people are a fucking disgrace. 

 

[integral]

If you do not have experience with crypto do not buy this.

Edited 22 hours ago by integral

[integral]

 

Quote

This will be the biggest rug. The best rug. The most beautiful rug. There's never been any rug like this rug.

Quote

Rug pull via executive order will be crazy

 

Edited 23 hours ago by integral

[PenguinPablo]

@integral Imagine people in the future will say they lost their life savings in a rug pull by the US President.

Honestly, yeah I think you will profit quite a bit. You're still relatively early. It's not like it's a random meme coin. 

Edited 23 hours ago by PenguinPablo
changed your to you're

[Twentyfirst]

Better than a casino

[FourCrossedWands]

Sucide hotline: "What happened to you sir, anything can be worked out and your life put together again"

"I was rugg pulled by the US president."

Suicide hotline:

[Alex M]

The crazy thing is, I'd have been more surprised at Trump not doing something like this and to think people voted for this 😂🤦‍♂️

[cistanche_enjoyer]

An interesting perspective:

“What Trump is doing is making it the standard to have a memecoin. Flocks of celebrities will start doing this and they will basically just be popularity tokens based on their current status and approval rating.”

[cistanche_enjoyer]

Also:

”[The Trump token] is a political approval token that measures Trump's current popularity, power, and reach. If the number goes up, then it's due to those metrics increasing. The same goes for the converse.”

[Thought Art]

 

[integral]

@Thought Art a rug pull did not happen doe. A rug pull is 99.9% drop, people are not using this word correctly.

The Trump coin dropped 50% because of normal fluctuation of the markets. It went up 90% before going back down 50%, this is normal for something so unstable. 

Edited 8 hours ago by integral

[Thought Art]

@integral Thanks for sharing that I don't really understand Crypto. I also find some of these guys spend every day looking for a sign of Trumps demize that their reporting is often unreliable.

 

[LordFall]

The coin is doing fine, it's still at $9 billion market cap and although I was late in buying it, my money still has doubled. The idea is NOT that this coin is a sound investment strategy, it's just a fascinating example of the decentralized economy we're heading more and more into. 

This whole forum for example is birthed out of the decentralization of ideas that Youtube has allowed to bring forth. Cryptocurrency will similarly liberate people financially and both stop us from getting destroyed by the inflation that exponentially puts value away from working class people to asset owners as well as help people from third world countries access hard assets and global finance for the first time. 

[Leo Gura]

@LordFall Please don't feed into this pervertry.

Nothing is being proved here. We all know by now all these meme coins are worthless scams. This is not some revolutionary liberation technology. It's just pure pervertry.

Edited 3 hours ago by Leo Gura

[Vynce]

Make America Grift Again

[Something Funny]

Imagine having your president running pump and dump crypto schemes, lol

[Staples]

3 hours ago, LordFall said:

 The idea is NOT that this coin is a sound investment strategy, it's just a fascinating example of the decentralized economy we're heading more and more into. 

There is no such thing is a decentralized economy.

The only reason we value money is because a state enforces it and makes it convenient through schemes, legislation, and threat of violence.

In fact - money is nothing more than a proxy tool that spares us from having to use violence to get what we want. 

If you are advocating for a decentralized economy, you are advocating for total economic warfare held to no legal standard.

All crypto value is built upon the failure to recognise this.

Edited 2 hours ago by Staples

[LordFall]

@Leo Gura Will all due respect Leo I think you're undereducated on cryptocurrency. I agree that especially meme coins are not the crown jewel of crypto but it is unfair to label them as worthless scams. 

Here's a good video on why specifically meme coins are a revolution in culture

And in terms of crypto not being a revolutionary liberation technology we'd have to flesh out that point more but I'll straight up think I think it is. 

Just the transparency of the blockchain aspect can fix a lot of our problems with government that you addressed in your conscious politics series. It is absolutely insane that government budgets are not auditable by the populace and having it recorded on an immutable blockchain would fix that. As well as straight up inflation which has destroyed the buying power of the middle class since the 70s. True inflation is around 10-12% a year and absolutely destroys the financial competitiveness of anyone that holds currency and not hard assets. 

I would love to have a debate on crypto against anybody on this forum, I've advocated for it for the past year on the forum and rarely see any serious discussions on it. The end of Fiat currency would absolutely improve the lives of the average person both here in our western democracies and even moreso in 3rd world countries that barely have a functioning trade and private property system to this day.