Donald Trump's crypto project, World Liberty Financial, published a 13-page paper on Thursday laying out its mission and how tokens get allocated.
  • EndOfLine@lemm.eeEnglish
    8·
    47 minutes ago

    WLFI has a current value of $0.0000000000034 USD.

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

    • JohnEdwa@sopuli.xyzEnglish
      2·
      24 minutes ago

      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.

  • don@lemm.eeEnglish
    13·
    1 hour 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.

  • Yerbouti@sh.itjust.worksEnglish
    20·
    3 hours 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.

  • explodicle@sh.itjust.worksEnglish
    12·
    3 hours ago

    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.

  • kingthrillgore@lemmy.mlEnglish
    94·
    2 hours ago

    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.

    • Asidonhopo@lemmy.worldEnglish
      4·
      54 minutes ago

      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.

      • actually@lemmy.worldEnglish
        3·
        34 minutes ago

        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

        • Asidonhopo@lemmy.worldEnglish
          1·
          17 minutes ago

          Polls also only try to measure public opinion and don’t quantify the very real effects that the vast toolkit of dirty tricks play in the election process, including whatever October surprises are lurking around the corner.

    • sugar_in_your_tea@sh.itjust.worksEnglish
      1·
      36 minutes ago

      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.

  • bitwolf@lemmy.oneEnglish
    4·
    2 hours ago

    Dudes just trying to stack up all the lawsuits. SEC won’t be so nice I don’t think.

  • danc4498@lemmy.worldEnglish
    150·
    9 hours 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
      46·
      7 hours 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!!

  • FlashMobOfOne@lemmy.worldEnglish
    392·
    7 hours ago

    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.

    • Phoenicianpirate@lemm.eeEnglish
      1·
      1 hour ago

      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…

    • calabast@lemm.eeEnglish
      621·
      8 hours ago

      *Obvious money laundering is money laundering (and also a scam).

      • sugar_in_your_tea@sh.itjust.worksEnglish
        16·
        6 hours 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.

  • Dagwood222@lemm.eeEnglish
    24·
    8 hours 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.