Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
Donald Trump's crypto project, World Liberty Financial, published a 13-page paper on Thursday laying out its mission and how tokens get allocated.
Isn’t that the point? Allow anybody (including foreign crypto holders) to funnel money into the Trump family bank account with zero accountability?
Breaking news, obvious scam is a scam.
*Obvious money laundering is money laundering (and also a scam).
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.
"New crypto coin" is a weird way to say bribe money laundering
Bribe. Scam. It's all snowballing into the same thing.
treat them as unique beanie babys or basketsport cards. They are only worth anything because of their limited supply.
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.
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.
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.
Hmm, this all checks out. Now I just need to figure out how to trade my house for WLFI.
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.
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...
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.
I started reading it as Trump, but it quickly devolved into redneck hillbilly, and honestly both work
Imagine buying a politician’s cryptocurrency
WLFI has a current value of $0.0000000000034 USD.
That's about 3 billion WLFI for 1 penny. What a deal!
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.Sounds like a penny stock, I should dump my life savings into it, right?
Hey, I made a bunch off a penny stock once time. Ignore that I've invested in penny stocks more than once.
The only crypto where the rug pull is done on top
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.
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.
World Liberty Financial, or WLF
are these the guys that sell wolf cola
Sounds like the guys that sell limited edition newly minted coins on Fox News commercials.
I wonder if any particular blyat is gonna buy these up.
Every blyat and zasranets will.
Washing that money clean
Dudes just trying to stack up all the lawsuits. SEC won't be so nice I don't think.
SEC can't SEC if SEC doesn't exist.
I hate to be a buzzkill, but the odds are he will win in 17 days. We need to make preparations for the long and difficult road that faces us. I don't know what that means, maybe you do.
Looking at a map with the current polls (and focusing on the toss-ups), it seems that the most viable path to victory for Harris is to pick up PA, MI, and WI. If she drops PA, she'd need MI, NV, WI or AZ, and GA or NC, but that seems like a big ask. If she wins PA, she could lose WI if she picks up AZ, GA, or NC and she could lose MI if she wins GA, NC, or AZ and NV. But winning PA and losing both WI and MI would require winning AZ and either GA or NC.
So there are a few paths to a Harris win, and a few don't seem very farfetched, but none of them seem likely enough for comfort. Definitely not how I was hoping to be feeling at this point in the election.
Everybody does. It happened before in Europe.
I keep seeing posts that polls show it's 50-50 but polymarket has Trump's odds at 60, Harris' at 40 with over $2B in wagers. Terrifying.
It's 4 accounts' bets that put Trump's odds at 60, likely being done to influence people's perceptions about Trump's chances. It only took ~$30M to tip the scales to 60, which is a very cheap way to advertise for Trump considering the billionaires who support him. https://www.wsj.com/finance/betting-election-pro-trump-ad74aa71
Many people who gamble big money go by past divergences between polls done before, and exit polls done after. These can vary between 5% to 10% , which is important when the published count is almost 50:50 in some states.
Many US states violate UN practices for free and fair ballot counting, and while this is blindly ignored for decades, it shows up in the odds. People in the USA tend to talk about this as the shy republican effect, and other names.
At the same time, I do not trust the polls being done now, because most people do not answer phone, text or email about asking, given there are so many scam polls out, so I have to wonder how this skews the results.
I would totally use the bookie odds and ignore the polls
I've seen some analysis correlating the shift in those odds not to any political news or polls, but to things like Elon Musk telling folks to go bet on Trump...
Honestly, I think it'll be really disappointing for conservatives and liberals alike. Conservatives because he won't accomplish much, and liberals because all the alarmists won't have anything to show for it.
But that's the optimist in me. If he actually does half of what he's talking about, strap in for some crazy inflation and unemployment turbulence.
Did you forget about his last presidency? Millions of Americans dead, huge increase to our debt, economic crash, loyalty oaths, refusal to help half of Americans who did not vote for him, ridiculous nepotism, elimination of half of citizens bodily rights, selling national secrets to the highest bidder, pay for play schemes up the wazoo, more lies than every previous president in history combined, steady increase in right wing terrorism, constant never ending culture wars, refusal to listen or accept briefings from advisors, travel bans, trade wars, praising of dictators, alliances dismantled, attempted coup, politicizing vaccines, demonizing healthcare professionals, refusal to transfer power, and of course illegally profiteering from office.
This list is nowhere near exhaustive and I think you may be wishfully naive in thinking he won't accomplish anything. Well, more accurately, all his shit ass handlers will get project 2025 rolling. The top search result right now is pro project 2025 debunking the "myth" it would be bad for US citizens. You can't make this shit up.