Thread by @KobeissiLetter on Thread Reader App
@KobeissiLetter: What just happened? At 9:44 PM ET on a casual Friday night, president-elect Trump launched the biggest memecoin in history, $TRUMP. Since then, the coin is up 9,500% with $2.2 BILLION of volume trad...…
I just don't understand how/why anyone thinks an electronic digit holds value. I type in 100 on computer. It is now 100 meme coins in value. Hey everyone come and buy my meme coin. It's worth 100 dollars. But so many people are buying it so it's now worth 200 dollars. I just don't get it. I'm too old to understand that in order to have value your assets need to be tangible. I.e. something that you can touch. Imaginary money is Imaginary. Quantum computers will eat your lunch. Phrase of meaningless gibber gabber coming up. BLOCKCHAIN, does nothing and means nothing. Blockchain, Blockchain, Blockchain, sprinkle it into all your word salad while talking nonsense. With retardchain you can safely retardchain your zipper head coins into an airgapped. E wallet while maintaining blah, blah, blah. BLOCKCHAIN!
I feel the same.
But "Real Money" is also based upon illusion. A coin or a dollar, is a token of exchange and the value of it is set by what they decide it shall represent. And that is the extent of my understanding.
Tired of being at the material-mercy that sees as our value, our following of their rules no matter the results upon us, and if we aren't playing the game, then our only value is in the sale of our organs. Hmmm. Not a very pretty picture. The flip side of this is that as spiritual beings, children if the eternal creator, our non-material "value" is incalcuable because we don't even understand it though through faith we burn bright. I feel our spiritual reality is what enables us to manifest what is good and right and that includes healing and prosperity. Prosperity is both woo woo and practical. That is well-worth study. The evil bastards cannot steal our spiritual power withour our individual permission, our acquiescence. Ok. Rant over. I'm nervous about the next few days and continue to pray for the safety our POTUS and his family. I have family in Los Angeles that I cannot even reach. Difficult days, these. Every breath is a prayer.
Some call it "that still small voice" some "inner eye" others "I am , that I am" :
“I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.” ― Frank Herbert, Dune
It reminds me of the banana taped to a wall that sold for several million dollars. https://www.npr.org/2024/11/21/nx-s1-5199568/a-duct-taped-banana-sells-for-6-2-million-at-an-art-auction
Im.older too. But blockchain has great value and use. Privacy being the greatest value. You and I could do contracts, patents, title deeds, any documentation we want and make them forensically solid for date and time all without one single government entity every being involved. With properly programmed AI we could write all those documents in real time common parse grammar (factual language vs legalese fiction) and build solid contract agreements. It goes on and on how it could be used. Lawyers become obsolete and prompt engineers become very valuable. My 3 cents. Doni understand it all? Nope.
Monero?
Yep. Paperless millionaires.
Just write a crypto meme check to clear our national debt to the reptilian Bank of England.. kek
Treasury should just print a 100 trillion dollar bill. Pay the debt and retire the currency the next day.
What gives value is what others are willing to FREELY exchange for something. SETTING VALUE just starts the Ponzi over.
Value is always subjective.
Jesus coin.
Did anyone read the fine print. Is this the trump card being played?
"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. CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of the Trump Cards, subject to a 3-year unlocking schedule. CIC Digital LLC and Celebration Cards LLC, the owners of Fight Fight Fight LLC, will receive trading revenue derived from trading activities of Trump Meme Cards. See Terms & Conditions Here, See Card Allocation Here"
WOW, THIS IS NO JOKE. I'M SENDING ALL MY IRA MONEY TO THIS OBVIOUSLY OFFICIAL COIN SO I CAN HAVE MORE MONEY THAN SOROS IN JUST A FEW HOURS! /s
YOLO! IM GOING ALL IN TOO! TO THA MOON!!!
(checks bank account)
HOW MUCH CAN I BUY FOR $7 !!?
"In the first 2 hours, one trader made $50,000 into nearly $1.1 Million." 👀
Dang, I didn’t even know about this. I would have made some scratch. Anyone know what platform it’s on?
When he cashes out those who put money in will have less. There isn't an increase in the dollars present unless people are willing to pay more than the original purchasers. A billion in will only allow a billion out. It's a pyramid.
I have no idea what this means. If this is truly Trump's plan, then it is very bad for the promise of crypto currencies. Bitcoin is valuable precisely because of what it represents:
A digital ledger that can't be censored by any country, and a value that (when transacted properly on chain) is established based on supply and demand fundamentals.
It represents a vision of finance completely independent from government. What Trump just did undermines the entire crypto ethos. So either this is
Either way, I am still holding Bitcoin, because I believe in the values it represents. I will continue to hold it even if Trump throws it under the bus.
I will never invest in shitcoins like XRP, Trump memecoins, etc. Even though I'm sure some people will make a lot of money doing it. That isn't the kind of world I want to live in, and I won't participate.
XRP is definitely not a shitcoin…it won its case against the SEC and is already staring to be used by the banks…and as an asset it has gone up 5x in the last 6 months. You cannot not like what it stands for and i understand that but it is one of the best performing coins of this cycle.
It stands for buying me a Lambo
Hell yeah
Assumptions (theories) are often proven wrong.
If the fact that it can't be censored were merely a theory or an assumption, I would agree with you.
But in this case, it's actual, provable math. PoW solves the Byzantine General's problem so that no trust is required from any party, and without controlling all the mining you cannot prevent an independent miner from including any transaction they want from the mempool. It's completely distributed. Nobody can control it.
When a computer can commander 51% of the ledger servers faster than they can update , All your bases be ours.
Given how unfathomably huge the already installed base of Bitcoin miners is, if a technology is invented (and necessarily available to only a single player in this thought experiment) that ever makes that a realistic possibility, then we have a lot more problems than just a corrupt financial system.
That same, hypothetical technology that could be used to undermine trust in Bitcoin, likely could also be used for AI's that could track and manipulate the thinking of everyone on the planet. It's a dystopian future that would require a planetary reset.
Now , you are getting to the essence. Neuralink is real so are smart watches with biometrics. And if "available to only a single player" hopefully it will be a moral and friendly player because they "will have it all".
Looks like the price has been dropping since launch https://crypto.com/price/trumpcoin
That's not it. That has been around for a long time. This is a new coin.
Trump crypto, watches, shoes, Bibles, NFTs etc...
Man, this is bullshit. Sound money, not digital tulips backed by nothing.
We were promised a return to sound money.
Have to define "sound money" first. What it is & What it isn't
According to the Constitution only minted silver and gold in exact weights.
Definitions are like that. What is a vaccine ?
Precious metals.
It means crypto is ponzi casino entertainment
Haven't heard of Trump coin until this post. I can only think it may be to help pay off the Debt of the United States. Just a thought.
Agreed. My hunch too.
Trump posted ...
https://greatawakening.win/p/19AK69uoYS/donald-j-trump--realdonaldtrump-/c/
Trump's TS post - https://truthsocial.com/@realDonaldTrump/113847449027767807
PLUS q drop:
https://qagg.news/?read=1904
u/#q1904
Well I give up, I spent the last hour and half trying to get moonshot app to accept any form of payment to trade. No luck.
Do you have to pay taxes and fees? Capital gains? What is it backed by?
https://www.forbes.com/sites/tylerroush/2025/01/18/donald-trump-launches-trump-meme-coin-token-nears-6-billion-market-cap/
Saw this post when it landed here. I’m already $20K richer.
Wish I saw it when it started and was able to get in on it early enough to make some money.
I’ve been pissed off all day because I missed out on this. Had no idea until I saw this post.
How the hell did people know this was going to launch?
Interesting thread on how trump smacked down the whole crypto industry but excluding them all from $TRUMP at the ball
https://twitter.com/zGuz/status/1880621420302225606?ref_src=twsrc%5Etfw
https://threadreaderapp.com/thread/1880612823287709825.html?utm_campaign=topunroll