Donald Trump's crypto project, World Liberty Financial, published a 13-page paper on Thursday laying out its mission and how tokens get allocated.
  • danc4498@lemmy.worldEnglish
    5·
    1 month ago

    Isn’t that the point? Allow anybody (including foreign crypto holders) to funnel money into the Trump family bank account with zero accountability?

    • telllos@lemmy.worldEnglish
      3·
      1 month ago

      I saw a documentary about the trump, or the wall. And they were selling part of the wall where people could write their name. It was really clear that this family is just scamming people left and right!!

  • don@lemm.eeEnglish
    2·
    30 days ago

    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.

      • sugar_in_your_tea@sh.itjust.worksEnglish
        0·
        1 month ago

        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.

  • EndOfLine@lemm.eeEnglish
    1·
    30 days ago

    WLFI has a current value of $0.0000000000034 USD.

    That’s about 3 billion WLFI for 1 penny. What a deal!

  • Yerbouti@sh.itjust.worksEnglish
    1·
    1 month ago

    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.

      • ilinamorato@lemmy.worldEnglish
        1·
        1 month ago

        Do you honestly think that, on the off chance that the Trump family sells out of these things, they won’t immediately mint more? It’s “limited” in the same way Marvel movies are limited.

          • ilinamorato@lemmy.worldEnglish
            0·
            29 days ago

            No, when beanie babies were new you could play with them. When basketball cards were new you could trade them with your friends. They had inherent value first, and then they gained speculative value on the secondary market. Trump’s grift has no inherent value now or ever.

  • Dagwood222@lemm.eeEnglish
    0·
    1 month ago

    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.