These xitter fags & non-crypto people drive me up a fucking wall. A market cap does not establish the actual value of a token. A market cap means if you literally took every single coin and sold them to someone right now at what the max prices that's how much money you get out of it. What matters is liquidity and there's not nearly the amount of liquidity that they're talking about with this 60 billion nonsense. These people are either extremely dumb and don't understand how this shit works or their malicious liars making clickbait headlines to get more fucking views.
If a seller were to dump 10,000 of these tokens right now on the open market at whatever price people are paying it would immediately push the price out significantly If they were to sell 1 million of those tokens it would crash quite significantly If you were to sell all the tokens it would go to fucking zero I don't see why people don't understand this shit Trump doesn't have any of this money he couldn't possibly control the main wallet that's the easiest way to go to jail the SEC would lock his ass up for running a pump and dump. I am positive He is involved in some sort of tertiary way but there is zero chance he controls the deployer wallet that holds 80% Why would he give such an easy win to the other side If he was caught running this fucking Ponzi he would immediately be impeached and go to jail.
I am sorry for the incoherent rambling and terrible grammar but I am literally trying to enjoy my snow drifting in a current snow storm hitting the east coast so I am using voice to text.
Remember when big twitter accounts used to only shill crypto scams when they got hacked? The crypto space has truly come so far in terms of legitimacy.
@IAMAL_PHARIUS Genuine answer. There is ZERO utility as it says it on his own website. It's just a "show of support for Trump."
Also it's not a security in any way shape or form. That would be insta jail if he helped launch a security without a ton of paperwork & SEC bullshit.
From his own website "Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol "$TRUMP" and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency." See Terms & Conditions.
It literally does nothing. There is no added or inherent value. It's just a fucking meme. They did that on purpose. If they promised any sort of "utility" it would be more scrutinized than it is now & require a ton of people working on it & maintaining a community. A company called CIC Digital & the CIC Fight Fight Fight LLC own the the token. They are definitely Trump adjacent companies. He will definitely benefit from this. But like a well-run drug org, the man at the top maintains several degrees of separation so he isn't caught up in the raid.
I am positive he had tons of the best crypto-informed lawyers working on this to make sure that if shit went completely sideways he isn't the one going to jail for it considering how persecuted this man already is he wouldn't give them the layup. I don't want to defend Trump but I have to call balls and strikes, they have gone after him unlike they have anyone else. That doesn't excuse him from being a joojoo cumloving nigger faggot.
Something like ripple or chainlink have an actual utility that's put into use every day. That being said, they're still shitcoins lol.
@IAMAL_PHARIUS@catmanmancat The true value of Trumpcoin (and now Melaniacoin) is to make everyone on either side of the trade seethe and hopefully cost a few boomers their savings, which I think is a great value.
Alternative theory: trump is on orange nigger. Similar to the brown variant his time horizon ends at about five seconds. He can't be prosecuted for four years since he president now. Whatever happens in four years and one day is future trumps problem.
@partyanimal@catmanmancat@IAMAL_PHARIUS he cant likely be prosecuted for it in the next 4 years...and if he divests most of his holdings of it by then...then the SEC will say...yeah it used to be a security but it isnt anymore...like they did with Bitcoin and ETH...
@Frondeur@partyanimal@catmanmancat by then SEC will be filled with indians who wont come after him (its ok money is just made up stuff anyway why so serious)
@white_male@partyanimal@catmanmancat@IAMAL_PHARIUS if any person has a significant vested interest in maintaining or increasing the value through their effort...say someone owned like 80%...and the coin was named after that person and its value was based on their popularity...it might be construed as a security...
@Frondeur@partyanimal@catmanmancat@IAMAL_PHARIUS You guys are out of the loop on this, SEC already ruled on shit coins, buyer beware deal. Especially if the coin is clearly marked as just a meme coin.
@IAMAL_PHARIUS@white_male@partyanimal@catmanmancat so the SEC's ruling on bitcoin and eth was...yeah they WERE securities...but no particular entity benefits that much from it anymore...and listing the risks like we do for regular securities would no longer benefit anyone...so all he has to do is divest from it over time and he should be good...
Alex Jones has set a new bar for defamation suits, as the target of one. If his alleged mischaracterization of a school shooting is worth almost a $billion, then: By the time Trump finishes suing everyone who defamed him over the last 8 years, he will be the world's first $US quadrillionaire.