Trump's Coin Sale Misses Early Targets As Crypto Project's Website Crashes (cnbc.com)
- Reference: 0175260559
- News link: https://slashdot.org/story/24/10/15/2316216/trumps-coin-sale-misses-early-targets-as-crypto-projects-website-crashes
- Source link: https://www.cnbc.com/2024/10/15/trumps-coin-sale-misses-early-targets-as-crypto-website-crashes.html
> WLF's website suffered regular and lengthy outages for much of the morning and early afternoon, contributing to a limited number of sales. Only about 4,300 unique walled addresses hold the token as of Tuesday afternoon, according to blockchain data tracked by Etherscan, representing roughly 4% of the total number of people who registered.
>
> The platform says it has sold more than 532 million tokens at 15 cents per token. That is less than 3% of the 20 billion tokens made available for public sale. Over the course of the day, the website frequently showed a page saying, "We are under maintenance." The glitchy launch is a potential setback to the Republican presidential nominee with just three weeks until the election. Trump and his family have been touting the project [3]since August , branding it as "The DeFiant Ones," a play on DeFi, which is short for decentralized finance.
[1] https://www.worldlibertyfinancial.com/
[2] https://www.cnbc.com/2024/10/15/trumps-coin-sale-misses-early-targets-as-crypto-website-crashes.html
[3] https://slashdot.org/story/24/08/22/2254242/trump-promotes-familys-new-crypto-platform-the-defiant-ones
I'm guessing (Score:5, Insightful)
that he plans to use it to as a backchannel to get money from his rich buddies. This is spot where he should actually be careful. I doubt he understands what he's getting into, and he's surrounded himself with yes-men who won't ever tell him "no". SBF found out the hard way that doing cryptocrimes and then playing the trumpcard during the subsequent criminal trial (admit nothing, deny everything, never apologize) is a one-way ticket on the fast train to a 20 year prison sentence. No presidential immunity would protect him.
Re: (Score:2)
But selling crypto as a scam is another thing. I doubt with all of Trump's get rich quick scams that this is really legit. The Trump Crime Family is out to make money, and you don't make money by offering a decent product with no return for yourself. You think those gold tennis shoes were worth $300? You think those Chinese made Bibles with sacrilegious additions were sold at cost? You think the DJT stock was about investing in a social media company?
I wonder (Score:1)
Can you buy this worthless bullshit with his worthless bullshit money? [1]https://www.nbcnews.com/news/u... [nbcnews.com]
In related news his DJT stock fell so quickly today it triggered a trading halt. [2]https://www.cnbc.com/2024/10/1... [cnbc.com]
The MAGA crowd might be so tapped out they have resorted to eating pets!
[1] https://www.nbcnews.com/news/us-news/trump-bucks-promise-wealth-maga-loyalty-lose-thousands-rcna84965
[2] https://www.cnbc.com/2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html
Trading Rubles For Trump Coins? (Score:1)
I am wondering if this is how his good friend Putin will be able to load up on USD. He can't get them at the bank anymore. Is anyone checking to see if the incoming deposits are being paid in Rubles?
Re: (Score:2)
> I am wondering if this is how his good friend Putin will be able to load up on USD.
> He can't get them at the bank anymore.
> Is anyone checking to see if the incoming deposits are being paid in Rubles?
Even better. The [1]orange idiot [imgur.com] wants to use crypto [2]to pay off the national debt [tumblr.com].
[1] https://i.imgur.com/NhFQwCk.jpeg
[2] https://64.media.tumblr.com/8f4b0a2afdea0fccfdec5fe631e23a30/549bd06e1b04aafe-43/s1280x1920/698b9ac844e1d59930666db08d5f17fe6486f139.jpg
Fake trades (Score:3)
There has been some recent legal action against companies introducing new crypto coins and then generating fake trades to show volume and activity. It is a well known phenomenon. The dim bulbs cannot tell the difference between fake trades and real ones and jump in thinking that there is some excitement in the new coin. And then in the end are left holding the bag.
I wouldn't be surprised if most of the trade volume for this new coin, as low as it is, is entirely fake.
Re: Like Kamala is any better? (Score:2)
China and Russia are mates with trump. So is North Korea for that matter.
Re: Like Kamala is any better? (Score:2)
Come on, Putin. This is slashdot. Show a little respect and send someone from your A or B, but not C team, to post here.
Re: (Score:1)
> they are all bad but at least Trump will be better to our economy and inflation wont go thru the ruff!
Trump's mad schemes will probably wreck the economy. And socialize the clean-up bill onto the working class.
> also China and Russia will think twice to attack crazy orange man...
Funny, they haven't attacked any of our sane presidents either.
So that's what, $80 million? (Score:2)
Is this a way to circumvent campaign donation regulations?
Foreign donations, contribution limits, declarations
Is it all "personal contribution", as it's his own personal asset?
Try not to step in that one, Don (Score:2, Insightful)
A normal person, of reasonable intelligence, normal ego, and reasonable sanity, would just say that they had paid other people to manage this enterprise for them and that something beyond their own understanding failed. Oddly enough this lines up well with how he brushes off many of his failures, in spite of those characteristics not aligning with him at all.
After all, Trump is of below-average intelligence, hyper-inflated ego, and far-below-average sanity. He needs to project himself to be the the hype
Put that in your coin collection (Score:2)
In the good ol' days, if some agency or campaign sold tokens or commemorative coins, buying one or some for 15 cents could be a great deal, even if they were inherently worthless.
Because - if nothing else, they could be of interest for nostalgia, to remember the times of your life, or for collectors. It is no different than getting a pin or a campaign button, or an offering from a private mint. One day, you can show your grand-kids - "I was there", or "Here's a souvenir for you from when I was young." Ev
Musk didn't back it? (Score:2)
Why can't he ask Musk to ask his 200 million followers to invest?
Re: (Score:2)
> Why can't he ask Musk to ask his 200 million followers to invest?
The night is still young.
Re: (Score:2)
> The night is still young.
The scam is still young.
There FTFY.
Money laundering & bribing (Score:4, Interesting)
that's all this is. It's a way for billionaires and foreign countries to funnel cash to Trump just in case he wins.
Jimmy Carter (who successfully lived long enough to vote against Trump) got major shit for owning a peanut farm and now we've got this shit. What a world.
Re: (Score:2)
> Jimmy Carter (who successfully lived long enough to vote against Trump) got major shit for owning a peanut farm and now we've got this shit. What a world.
After scrolling past a whole bunch of Trump circlejerk posts and two homophobic jokes, it seems /r/conservative isn't talking about Trump's latest grift. Yep, that's how the folks who think this is okay are rationalizing it, by ignoring it.
The concept of a presidential candidate hawking shitcoins would be absolutely hilarious if only it was confined to the realm of fiction.
Re: Money laundering & bribing (Score:2)
This is exactly where we are. A guy with a 50/50 shot at the white house is hawking sh$tcoins. This is why I totally support the loper-bright decision. The current Supreme Court just tranferred a huge chunk of power away from the executive branch and handed it to themselves and congress, and hardly anyone even noticed. Theyre prepping the country to withstand another Trump presidency. Or someone like him in the future. In terms of domestic policy, the Oval Office is now barely better than a padded cell. It
I think you misunderstood something (Score:2)
That ruling that overturns Chevron did not take any power away from the presidency. If anything it gave the presidency more power. What it did was it made it so every single little regulation has to be written out and spelled out in detail by Congress basically grinding the government to a halt.
In practice when that happens the presidency steps in and takes direct action and Congress lets him do it because if they don't then the entire country falls apart.
The reason the presidency has been gaining m
There is no forum more heavily moderated (Score:2)
On earth then reddit's conservative forum. Seriously the Disney forums are less moderated. They only ever allow people who are on an approved list to comment on posts.
If you want to have a genuine discussion of conservative ideas reddit's conservative forum is definitely not the place to do it. It really is just an extension of the far right of the Republican party.
Initially that was because they had a huge problem with little Nazis coming in and saying things that would get the entire subreddit bl
Re: (Score:1)
> The concept of a presidential candidate hawking shitcoins would be absolutely hilarious if only it was confined to the realm of fiction.
And shoes and patrioticized bibles.
I'm surprised that he didn't autograph the bibles.
79 million dollars (Score:2)
That's still 79 million dollars for what amounts to nothing more than a Cheshire Cat's smile. Since Trump tends to not actually own anything carrying his name, just licensing his brand and collecting steep salaries for being the CEO of the business, I wonder how much of this actually ends up in his offshore accounts.
Window lickers (Score:1)
I found out where the IT window lickers hang out. Here.
Send me money (Score:5, Insightful)
Hard to believe anyone would willingly send him money which is only used to enrich himself (and possibly pay for his legal defense). This is not a campaign donation. The mind boggles.
Re: Send me money (Score:2, Insightful)
It's a cult. It's no different than a tithe
Re: (Score:2)
To those watching it is no coincidence that the same people who pay filthy to this person are engaged in religious worship.
Re: (Score:2, Insightful)
Religion doesn't know what a woman is because they all regard them as second rate citizens moron. Not the best example from your bigoted old brainwashed mind.
Re: (Score:2)
The so-called 'white christian nationalists' in this country want women to go back to being nigh-unto 'property', similar to how it is in some Islamic countries.
Meanwhile 'christians' in other parts of the world look at so-called 'christians' in this country and say 'those aren't real christians'.
Re: (Score:2, Informative)
You also do realize Trump was a diddler, convicted, and close pals with Epstein. smh at your hubris.
Re: (Score:2)
> You also do realize Trump was a diddler, convicted, and close pals with Epstein. smh at your hubris.
[1]Yes [imgur.com]. [2] Yes [tumblr.com] [3]he [tumblr.com] [4]was [tumblr.com].
[1] https://i.imgur.com/7xJwKyl.jpeg
[2] https://64.media.tumblr.com/27476d7ba01cd736b166c27303b74053/cab4df8a44970b8b-18/s1280x1920/22925a2660274f134cec2c607880539a487dc78d.jpg
[3] https://64.media.tumblr.com/75b232a70d930bbfe101317197c4299c/985dde770a24db65-a0/s1280x1920/63327381a36a8673184954817ecb703cc201b58c.jpg
[4] https://64.media.tumblr.com/1467cab793c2a0c1a0cabd2d91cc1798/985dde770a24db65-38/s1280x1920/72c84399067af27425072387be7433ba8f8ad255.jpg
Re: (Score:2)
Ya, I was confused about who he thought the diddler was. Not Biden, he's an unwanted hugger, not a diddler. Maybe he meant Matt Gaetz? But Matt isn't convicted, yet, Trump was. Trump might say "I can't really define 'woman' but I know one when I grab one."
Re: (Score:2)
Mark my words: when Trump is dead, there'll be a tell-all book detailing, among other things, how he sexually molested his own daughter, in addition to whatever poor girl-children he raped at Epsteins' island.
Re: (Score:2, Insightful)
> As delusional as religion can get, at least it still knows what a woman is.
So, every awful thing Trump does is completely dismissed because, *checks notes* , a tiny minority of people chose to use pronouns you're uncomfortable with? I sincerely doubt conservatives are ever going to come around to truly grasping how bizarre it sounds to basically be admitting that their biggest first world problem is a concern over what sort of genitals someone happens to have.
Re: (Score:2)
Also it's a major problem to them that someone might be able to drive out of state to save their own life.
Everyone n the GOP knows the proper place for a woman is to stand demurely (and mindfully) two steps behind her politician/pastor/both husband as he admits to the press that he cheated on her.
Re: (Score:2)
> To those watching it is no coincidence that the same people who pay filthy to this person are engaged in religious worship.
You can [1]say [imgur.com] [2]that [imgur.com] [3]again [imgur.com].
[1] https://i.imgur.com/7E4qLk1.jpeg
[2] https://i.imgur.com/Xdcqdys.jpeg
[3] https://i.imgur.com/yTNq5vp.png
Re: Send me money (Score:1)
You never have only one believe
Re: (Score:2)
Seems like a good way to get on good terms of potentially the next president (50%). A president that doesn't seem restrained from using power for favors.
Also, there's the upside that it may be given some official status or some such.
I wouldn't assume all of the purchases are fanboys.
Re: (Score:1)
> A president that doesn't seem restrained from using power for favors.
"I would like you to do us a favor though."
Re: (Score:2)
> Seems like a good way to get on good terms of potentially the next president (50%).
> A president that doesn't seem restrained from using power for favors.
I can see Trump doling out favors based on how many Trump coins someone has -- like [1]disaster relief [newsweek.com] only after learning the people voted for him.
[1] https://www.newsweek.com/trump-refused-disaster-relief-until-he-knew-it-helped-gop-votersex-aide-1963600
Re:Send me money (Score:5, Insightful)
I wouldn't be shocked if the money came from offshore foreign concerns trying to buy influence if he wins the election.
Re:Send me money (Score:4, Interesting)
> I wouldn't be shocked if the money came from offshore foreign concerns trying to buy influence if he wins the election.
More of that Russian mob money being laundered, just like at his Scottish golf courses.
Re: (Score:2)
Its a low risk/high reward investment for cynical people. If Trump wins the presidency he will absolutely abuse every power at his disposal to enrich himself, and that almost certainly will include puffing up this stupid crypto.
Re: (Score:2)
> If Trump wins the presidency he will absolutely abuse every power at his disposal to enrich himself, and that almost certainly will include puffing up this stupid crypto.
Trump can wish all he wants for his shitcoin to go up in value, it's still up to the market to decide what it's actually worth. If most people are buying it with the intention of dumping it on the next sucker if he wins the election... Well, best not to spoil the surprise ending.
Re: (Score:2)
> Hard to believe anyone would willingly send him money which is only used to enrich himself
[1]2016 called. [imgur.com]
[1] https://imgur.com/a/zLcVmZk
Re: (Score:2)
> Hard to believe anyone would willingly send him money which is only used to enrich himself (and possibly pay for his legal defense). This is not a campaign donation. The mind boggles.
Exactly. Why should anyone contribute to his 'escape to Russia' fund, for when he loses the election, is sentenced for the crimes he's already been convicted of, and is convicted and sentenced for the rest of the indictments against him?