Are you ready for the latest weird ex-president's family scam?

[thewayne]

Seems they're going to open a crypto currency financial platform. I'd say it's pretty much on-brand as he's already done NFTs and he's been talking about using crypto to eliminate the national debt, as if that would work. He's just throwing buzzwords out to try to get crypto bros supporting his sinking ship.

They've created a new Telegram channel called The DeFiant Ones, DeFi being a buzzword for this garbage. The platform hasn't launched yet.

This is going to be interesting to watch, as in a slow-moving train wreck, break out the popcorn. His family has zero experience in banking. Yes, they've sold NFTs. Yes, they accept cryptocurrency donations. And his latest financial disclosure forms shows he holds at least a million dollars in crypto. But starting a crypto platform takes a huge amount of money, much like opening a bank. And he doesn't have it. After stealing from his charity, and his extensive history of not paying contractors, why would anyone invest in something that he's most likely going to be skimming from?

I can't wait to see him follow Sam Bankman-Fried into prison, I only hope his two idiot sons are right there in orange jumpsuits right next to him.

https://www.cnbc.com/2024/08/22/trump-crypto-defi-protocol-launch.html

https://slashdot.org/story/24/08/22/2254242/trump-promotes-familys-new-crypto-platform-the-defiant-ones

Comments

[arlie]

I don't know, but I've seen a lot of people continue to defend obvious-to-me abusers. I have bad memories of two different neo-pagan groups with cult-like features, particularly an unquestionable leader. In the second one, said leader tended to neglect sexual boundaries. I also recall another quite successful neo-pagan group in which the male co-leader was reputed to (ahem) have a non-functioning pants zipper.

I suspect many of our ancestors lived in communities with "leaders" who basically took what they wanted, when they wanted it, limited only by the risk of triggering outright rebellion or covert assassination. That could be a better, safer way to live than any other actually available option. We may well be evolved to tolerate it, make excuses for said leader, and similar - rather than drawing his wrath by visibly protesting.