• danc4498@lemmy.world
    link
    fedilink
    English
    arrow-up
    187
    ·
    12 days ago

    Isn’t that the point? Allow anybody (including foreign crypto holders) to funnel money into the Trump family bank account with zero accountability?

    • telllos@lemmy.world
      link
      fedilink
      English
      arrow-up
      55
      ·
      12 days ago

      I saw a documentary about the trump, or the wall. And they were selling part of the wall where people could write their name. It was really clear that this family is just scamming people left and right!!

    • calabast@lemm.ee
      link
      fedilink
      English
      arrow-up
      69
      arrow-down
      1
      ·
      12 days ago

      *Obvious money laundering is money laundering (and also a scam).

      • sugar_in_your_tea@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        21
        ·
        12 days ago

        Not sure I’d call it money laundering, it’s all being done in the clear.

        But it’s certainly a scam:

        The paper released Thursday shows that Trump and his family assume no liability. It indicates that none of them are directors, employees, managers or operators of WLF or its affiliates, and said the project and the tokens “are not political and have no affiliation with any political campaign.”

        There’s a strong implication that launching this during his campaign means it’s tied to the campaign, but it’s really not.

  • FlashMobOfOne@lemmy.world
    link
    fedilink
    English
    arrow-up
    45
    arrow-down
    2
    ·
    12 days ago

    I’d say it’s remarkable that Trump is even still able to run for president, but all this country seems to care about is social issues, and that clearly makes it easier to control people.

    • Phoenicianpirate@lemm.ee
      link
      fedilink
      English
      arrow-up
      2
      ·
      11 days ago

      His health, both physical and mental, should have barred him from being able to do much. I am confident that if he wins, he will probably die in office from some illness. A Vance presidency would then happen…

  • don@lemm.ee
    link
    fedilink
    English
    arrow-up
    42
    ·
    edit-2
    11 days ago

    Huh. From what I’ve searched, WLFI comes with its own warning on coingecko, a site that supposedly tracks various cryptocurrencies.

    According to GoPlus, this is a proxy contract. The contract owner can make code changes to the token contract including but not limited to disabling sells, changing fees, minting, transferring tokens etc. Exercise caution.

    No active trades are found for this coin.

    Emphasis mine.

    • TeamBrett@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      ·
      11 days ago

      If it wasn’t such a pithy amount that they sold I would accuse them if it, but this would be a great avenue to accept donations from foreign or nefarious actors.

      • don@lemm.ee
        link
        fedilink
        English
        arrow-up
        1
        ·
        11 days ago

        I could also see that, given the total absence of liability on Trump’s part, even those foreign and nefarious actors might steer clear of it, if they realize that they, too, might be getting scammed, with no recourse at all to recover their investment.

        Something like is very likely designed primarily to con easily conned conservatives out of their money, though the vehicle for foreign and bad actors also exists.

      • don@lemm.ee
        link
        fedilink
        English
        arrow-up
        4
        ·
        11 days ago

        Trading your house for a bunch of those $100k watches of good might be a better deal, because at least you’ll be able to hold actual physical excrement in your own hands. With that crypto thing, you just get watch your money vanish on a screen.

  • Yerbouti@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    41
    ·
    12 days ago

    Immigrants are eating dogs. Buy my trading cards, I’m a Cowboy GI Joe, it’s going to be worth a looooot of money!!! Also Kambalula NEVER WORKED AT McDoNALdS but look at these pics of Taylor Swift she loves me but fuck that overrated bitch. They gave me an award once for being the most honest person on earth but covid is a democrat scam, now buy my steaks and bitcoin, I’m the least racist person in the world even the lazy mexicans and black bitches say it but women think I’m the most sexy business man they all want me to grab them by the pussy but I wouldn’t rape the ugly ones. Send donations liberals are giving abortion to trans communist. 50% of the country will vote for me anyway, lol.

    • ArtVandelay@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      11 days ago

      I started reading it as Trump, but it quickly devolved into redneck hillbilly, and honestly both work

  • EndOfLine@lemm.ee
    link
    fedilink
    English
    arrow-up
    29
    ·
    11 days ago

    WLFI has a current value of $0.0000000000034 USD.

    That’s about 3 billion WLFI for 1 penny. What a deal!

      • Dozzi92@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        ·
        11 days ago

        Hey, I made a bunch off a penny stock once time. Ignore that I’ve invested in penny stocks more than once.

    • JohnEdwa@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      16
      ·
      11 days ago

      According to this article, they “sold 846.63 million tokens valued at $12.7 million” on the first day, leaving “19.1 billion coins worth $287 million unsold”.
      At the current price, $12.7 million USD would require 65,376,030 Trillion WLFI, so to get the money back you just have to own 3.2 billion times more WLFI tokens that exist.

  • Dagwood222@lemm.ee
    link
    fedilink
    English
    arrow-up
    24
    ·
    12 days ago

    The stupidest thing about Trump is that he could have extorted billions of dollars out of the Saudis on Inauguration Day. Even Team Rocket could have figured that out.

  • explodicle@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    22
    ·
    12 days ago

    When Trump says he’s “pro crypto”, this is what he means.

    Meanwhile the SEC under Biden/Harris has helped crypto by targeting actual scams like this one.

    So in case you have a friend who’s a crypto bro, remind him who has actually helped and who called Bitcoin a scam.

  • bitwolf@lemmy.one
    link
    fedilink
    English
    arrow-up
    4
    ·
    11 days ago

    Dudes just trying to stack up all the lawsuits. SEC won’t be so nice I don’t think.