I think Elon has already bought himself a bit of Melania…
He’s more interested in doggy trump
Nah, that’s just his current pet. Once he doesn’t find a use or loses interest he’ll move on. Maybe he’ll stay close to usurp the cult once Trump croaks.
Smellania?
Smellania and Strump, shitting in a stree.
Sometimes I wonder what it must be like to go through life without a sense of shame.
The sci-fi books/series “The Expanse” features a rogue lab where all the scientists got the part of their brain responsible for empathy intentionally destroyed.
I sometimes think about that and wonder what it would be to be like that. How easy it would be to make a ton of money. And how sad it must be for these people to live only for themselves.
It actually seems like it feels pretty great. The downside is you’re probably some degree of sociopath or other disorder. But I’m neither qualified nor experienced to diagnose.
Maybe, but neither Trump nor Melania look like they feel great.
A friend and I were discussing this. It seems like these days it’s more rewarding, objectively, to be a shitbag than to actually be a good human. We’re constantly being played for suckers despite having morals. Everyone else is cheating in this tragedy of the moral commons.
There’s a selection bias, we usually hear about the most successful shitbags. Most ordinary shitbags live pretty terrible lives. Just look at the life of the typical red state resident. Usually working their ass off in a blue collar for some plutocrat who abuses them, subjected to country music all day long. Almost makes me feel bad for them.
Most ordinary shitbags live pretty terrible lives
Same goes for most ordinary non-shitbags.
The point is, just because one shitbag gets away with it, that shouldn’t motivate you to also become a shitbag.
Enter the church
I hope you don’t think this is just a recent thing…
At some point there will be a correction and history will not look kindly on these people.
Victors wright the history books my friend
Dude people have been waiting for that since before Jesus Christ.
…And that’s not the Onion? Looks like she is laughing so hard at the idiot peasants getting rug-pulled already in that pic.
And also: “you can buy Melania”? Um, phrasing?
Isn’t calling it a meme supposed to be the quiet part? I thought we called them “meme” coins because everybody was in agreement that the coin wasn’t meant to be taken seriously?
Nah, you call it a meme so everyone doesn’t look at it too closely.
It’s like the typos in scam emails and texts.
The people that would actively investigate such a thing dismiss it immediately.
The stupid people buy right into it.
I can’t not see Smelania now.
Smelania? That’s not very nice.
Axios is reporting that the soon-to-be 47th president of the United States has rolled out a “meme coin” dubbed $TRUMP, which is being billed as the “only official Trump meme.” According to Axios, $TRUMP has already accumulated a valuation of roughly $32 billion. And because the Trump Organization is keeping 80% of the coins, this means the president-elect and his businesses are roughly $25 billion richer as a result.
80%. Hmm.
https://www.axios.com/2025/01/19/trump-meme-coin-what-to-know
Reserving 80% of the new supply for the team is an awful lot. It’s usually more like 10% to 30%.
It’d be interesting to see who is buying.
I mean, yeah, one possibility is that it’s supporters getting fleeced here, which is what the article is proposing.
But I suppose, without having a lot of familiarity with the structure here, that it could also be a route to launder funds. Supposing I wanted to bribe the President to do something. If I buy this, I’m increasing the value of the asset, and most of that asset is held by Trump – that’s functionally transferring wealth to Trump’s pockets.
If I buy, say, shares in a publicly-traded company, then the SEC can see what’s going on. But I don’t think that they have direct visibility into who is purchasing coins on a coin exchange.
EDIT: Hmm. Okay, so I’m not really in the loop on this – not something that I’ve been super-interested in – but it does sound like (a) they assert that they do have that ability and (b) exchanges have not been doing so.
https://www.sec.gov/newsroom/press-releases/2023-102
SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program.
As alleged in the SEC’s complaint, Coinbase’s failure to register has deprived investors of significant protections, including inspection by the SEC, recordkeeping requirements, and safeguards against conflicts of interest, among others.
It’d be interesting to see who is buying.
Lots of foreign nations. Lots.
This is blatantly a bribery scheme, with untraceability as a feature. Everyone knew it was coming, and there’s nothing to be done about it because the recipient now controls the Justice Dept, which is the only organization that’s likely to have the resources to trace the payments.
It’s all traceable.
Doesn’t matter because the president is immune from the law.
This is clearly “official duties”for Trump lmao
Considering they’re arguing that stuff he did before he even got elected in 2016 counts as “official presidential duties,” it seems nothing is off the table as an official act.
So how can we poison it?
Yep, it doesn’t feel like a pump n dump, but very public bribery.
Hard to tell for sure, but it’s got a strange flavour to it.
Time will tell.
Eventually it’ll dump. I can’t imagine this coin having much utility post-Trump presidency, whenever and however that ends.
I mean, I just don’t have the expertise to say on the legal/regulatory side. Someone who has a background in securities and has been following the cryptocurrency situation would probably be in a better position.
I suppose that there will be people who do have such a background looking at it. The fact that it’s the President – who is in charge of the Executive Branch – and that most media that might be reporting on it has a partisan position makes this a lot more complicated.
Still, wouldn’t be the first time that we’ve run into high-level graft in the Executive Branch. Dealt with it then.
Memes are getting pretty gross.
Maybe we should slow down the meme magic train…
Removed by mod
This is a clear and obvious pump-and-dump. Anyone that falls for this deserves to be fleeced.
I agree they deserve to be fleeced. I just don’t think he deserves to get the money.
I mean its a premine
This is the Rug Pull Administration, after all. Might as well kick it off with really, really big and obvious grift.
No sympathy. Fuck everyone who paid Trump for this shit, I hope they needed that money.
Nobody launders money like Donald Trump. Simply the best
It’s not dumping if it was money laundering all along.
The disclaimer Novak referred to in his skeet (the generally accepted term for a Bluesky post) …
who has accepted this term? i want names
skeet (the generally accepted term for a Bluesky post)
Can we just agree that they are all just “posts”? No more “tweets”, “Toots”, “xeets”, etc… it’s just a post.
I think most people use skeet as a joke
Wtflol
History from someone who moved to the platform early on:
A lot of the early adopters were the queer and trans community, first to leave Twitter after Musk’s meddling and most sensitive to the changes he was making. (In this context I don’t mean sensitive as in “snowflake”, I mean sensitive as in “aware of inevitable changes and resultant catastrophe” - when someone shits in the pool you don’t wait wait for the water to turn brown). They took the gross out humor and used it as a ward to keep some of the other elements from following over. Now they defend the term as history.
I don’t particularly agree, I understand the basis for it but ugh, it’s still gross. I keep advocating for “bleats” which kind of works as “Bluesky tweet” and leans into us all being sheep; something I find cute and take no offense at because it’s a toothless insult wielded by deeply unserious people. Alternatively, I think we should’ve just straight stolen tweet since the trademark or whatever has been abandoned at this point (???). Failing that, I’ll probably resort to just calling them posts, there’s no point in fighting momentum like this and I imagine it’ll probably settle down onto something else once the platform gets over its first wave of serious growing pains … if it lives that long.
Who cares? He’s gonna get away with all of it
Look at the bright side: only a die-hard magard would fall for this grift. So when Trump pulls the rug, the magards will finally realize they’ve been took.
In other words, Trump is innoculating his own followers with the cure for Trumpism.
Nah. They’ll double down to own the libs
Trump has been running the same scams for decades. There’s probably tons of bag holders for his NFT scam that are loading up on TRUMP and MELANIA. He’s got a whole mailing list of gullible marks and he keeps butchering that pig until there’s nothing left.
So when Trump pulls the rug, the magards will finally realize they’ve been took.
Bless your heart.
No, no it will be the democrats’ fault somehow. Or brown people. Or both. Probably both.
the magards will finally realize they’ve been took
No they won’t. They will line up for the next one. The only reason they will ever stop is because they have nothing left. And then when they have nothing they will blame immigrants, woke, Soros, or whoever for their lot in life.
There are people who exist in this world who can not comprehend that the actions they take lead in part to the consequences that follow. The only thing that can be done is to watch from the side them losing everything and then getting out of the way as best one can in their fit of rage.
Sort of like a person with a gambling addiction putting the last $10k of their life savings into a slot machine. We know what’s going to happen, there is nothing that can stop it from happening.
This was a money laundering scheme. Foreign governments and companies (foreign and domestic) who want favor with trump are the ones who bought in.
He’ll just gish gallop his way out of it. Whatever smoke screen he comes up with will make his followers lose focus on all the money they have lost. Example:
Oh wow, look at this immigrant caravan from Panama. Let’s invade and stop them.
Or he’ll just claim he wasn’t a part of it and “some very bad people” are the ones responsible for their losses.
magard
It’s magat
Oh yeah because this is totally the first time ever that he’s fucked them over.
Every crypto is intended as a rug pull
“Let me tell you, folks, this, what we’re seeing right now, it’s HUGE, okay? I mean, some people are saying—and I don’t know, but they’re saying—it could be the biggest rugpull in the history of rugpulls. Tremendous potential. Absolutely tremendous. Nobody’s ever seen a rugpull like this before, believe me.”
Don’t worry, the DOJ under President Trump wl prosecute those responsible.
Namely the reporters making these allegations.
