Flying Squid to News@lemmy.world • 8 months agoMore Than 800K Have Lost $2B on Trump’s Meme Coinwww.thedailybeast.comexternal-linkmessage-square71fedilinkarrow-up1441arrow-down18cross-posted to: politics@lemmy.world
arrow-up1433arrow-down1external-linkMore Than 800K Have Lost $2B on Trump’s Meme Coinwww.thedailybeast.comFlying Squid to News@lemmy.world • 8 months agomessage-square71fedilinkcross-posted to: politics@lemmy.world
minus-square@Limonene@lemmy.worldlinkfedilink69•8 months agoIt’s not a pump-n-dump this time. In my opinion, it’s a laundered bribe. The 800k victims were an unintended benefit.
minus-square@overload@sopuli.xyzlinkfedilink22•8 months agoDefinitely this was a way for offshore third parties to give Trump money. Gotta say this is my least favourite use of crypto, but it is also the most valuable use case (for corrupt politicians).
minus-square@treadful@lemmy.ziplinkfedilinkEnglish8•8 months agoThe pump would be the bribe and the dump is them cashing out. Same thing with a bunch of suckers floating the value.
It’s not a pump-n-dump this time. In my opinion, it’s a laundered bribe. The 800k victims were an unintended benefit.
Definitely this was a way for offshore third parties to give Trump money. Gotta say this is my least favourite use of crypto, but it is also the most valuable use case (for corrupt politicians).
It can easily be both.
The pump would be the bribe and the dump is them cashing out. Same thing with a bunch of suckers floating the value.