Hawk Tuah girl ruining Christmases I lost all my money in Hawk Tuah Coin pic.twitter.com/EumdnfqP5z— Brent Terhune on Bluesky (@BrentTerhune) December 7, 2024
The most important thing to understand about kleptocracies is that when the guy at the top is a thief, everyone at every level thinks it's ok to do it. Nothing is more contagious than sin.
I saw that one Republican proposal is to take away Soc. Security from people with pensions. Marvelous.
Is fine to talk shit about the things Trump does. But Wisconsin pensions are something Trump or Biden do not control.
Ryan Fournier is the chairman of the Students for Trump organization. In a shocking turn of events, he is also a scam artist*. He created a meme coin called "Offical TIKTOK" (which he admits is not official in the tweet announcing he is creating Official TIKTOK). Because of his name, a bunch of Trump fans bought into the coin. Which Fournier rug-pulled and is now worthless. A bunch of Trump fans are pretty pissed now. *I originally typed "criminal", but I'm pretty sure this is going to be made legal soon.
Trump pardoned Ross Ulbricht, founder of Silk Road and a major criminal in the drug/crypto interface.
That's honestly when a lot of people will start relying on the 2nd Amendment. Enough of these clowns.
There seems to be this strange view that shitcoins are not securities therefore anyone including the president can do garden variety fraud. How this is a sensible policy decision is bizarre to me
Because his Libertarian mother gave his campaign a lot of support. Literally his words. I guess poisoning the blood of Americans with drugs can take a back seat in certain situations.
The shitcoins thing has been going on for several years already! The view seems to have been that they are just meaningless digital trading assets - like NFTs - and not securities. But as we've seen this enables the likes of Hawk Tuah to do versions of securities fraud. Maybe the interpretation is that if you are dumb enough to "invest" in worthless shitcoins in the first place then too bad if fraud is piled on top? I don't really get it to be honest - but then my view has always been all of these things are securities fraud
I think we are well past the point where anybody cares if it's fraud. The government is not in the job of protecting people anymore.
The 5th Circuit has lifted sanctions on Tornado Cash, a site designed to mix together clean and dirty crypto so that you can no longer trace where dirty money is going. We have to wait to see if this stands on review.