Trump crypto coin (Read 5914 times)

eyeeatingfish

Trump crypto coin
« on: June 02, 2025, 12:01:54 PM »
Trump's crypto coin is one of the bigger ethical and legal issues of his presidency but seems to get less attention than smaller stories.

There are the usual pump and dump/scam concerns with any new crypto. Whether Trump wanted to fleece his supporters or whether he really was interested in a legitimate coin I do not know. Trump was previously against crypto but the Trump coin gave him a wealth, on paper, of $56 billion at the high point. The trades alone have already made profits of millions of dollars. For context, the price per coin was $74 at its high one day after its launch and is currently valued at $11.27.

The $Trump coin was issued 3 days before he was inaugurated as president. The coin was released on the market and hours later Trump made a public announcement. 20% of the coins were released onto the market (200 million coins). The legal and ethical concerns come into play in the semi-anonymous nature of crypto currencies. One can circumvent laws regulating political donations by purchasing coins compared to a political donation. One can also influence/bribe Trump through a purchase of his coins. Similar to how Hunter Biden made lots of money selling his paintings to rich people wanting the ear of Joe Biden, Trump could sell coins to any person who wanted something in return. Crypto would make it even harder to prove than quid-pro-quo paintings since crypto payments are hard to track and identify the purchaser.

Trump held a dinner for the top $Trump coin owners and the White House declined to identify the attendees. I am not saying Trump has done anything illegal at this point but in terms of transparency of our leaders, this presents serious concerns for anyone seeking to make sure power isn't being abused.

https://thehill.com/homenews/ap/ap-business/ap-trumps-meme-coin-business-racks-up-fees-as-buyers-jump-at-the-chance-for-access-to-the-president-2/

changemyoil66

Re: Trump crypto coin
« Reply #1 on: June 02, 2025, 12:25:38 PM »
You know what can also "buy" a politician...cash. OP left out cash and how it can do the above too.

The fake news hasn't run with this yet as major "breaking" headlines.  So I will assume it's a nothing burger for now.

And as usual, I didn't click on the link. 

eyeeatingfish

Re: Trump crypto coin
« Reply #2 on: June 02, 2025, 01:42:06 PM »
You know what can also "buy" a politician...cash. OP left out cash and how it can do the above too.

The fake news hasn't run with this yet as major "breaking" headlines.  So I will assume it's a nothing burger for now.

And as usual, I didn't click on the link.

The issue was crypto so of course I didn't mention cash. It is like talking about poisons as a murder weapon and you come in asking why I didn't mention axes.
 :stopjack:

macsak

Re: Trump crypto coin
« Reply #3 on: June 02, 2025, 01:52:02 PM »
he was "adding nuance"...

The issue was crypto so of course I didn't mention cash. It is like talking about poisons as a murder weapon and you come in asking why I didn't mention axes.
 :stopjack:

eyeeatingfish

Re: Trump crypto coin
« Reply #4 on: June 02, 2025, 02:27:39 PM »
he was "adding nuance"...


Since we are at it, I also left out sexual favors as a form of payment too.

changemyoil66

Re: Trump crypto coin
« Reply #5 on: June 02, 2025, 02:35:45 PM »
The issue was crypto so of course I didn't mention cash. It is like talking about poisons as a murder weapon and you come in asking why I didn't mention axes.
 :stopjack:


SWOOOOSSSHHHHHH

Flapp_Jackson

Re: Trump crypto coin
« Reply #6 on: June 02, 2025, 05:09:01 PM »

Since we are at it, I also left out sexual favors as a form of payment too.

You seem to have left out any actual criminal or ethical allegations regarding the Trump coin.  You're just trying to stir the pot because the corporate media isn't doing a good enough job of that themselves.

"... but seems to get less attention than smaller stories."

This is a nothing-burger issue that you wish had more attention than it deserves.
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

eyeeatingfish

Re: Trump crypto coin
« Reply #7 on: June 03, 2025, 02:46:18 PM »
You seem to have left out any actual criminal or ethical allegations regarding the Trump coin.  You're just trying to stir the pot because the corporate media isn't doing a good enough job of that themselves.

"... but seems to get less attention than smaller stories."

This is a nothing-burger issue that you wish had more attention than it deserves.


So what?
Do you think ethics are only an issue when people make allegations? No one alleged any crime in Hunter Biden selling paintings to rich democrats who would like Joe Biden's ear, that doesn't mean there were no ethical concerns. Ethical violations is something you have to constantly guard against, not merely wait. With your attitude there is nothing wrong with an effectively concealed bribe because there are no allegations. The whole concern is how Trump creating a crypto currency enables a new form of influence and bribery that is much harder to watch and see if there are indications of crimes or ethical violations.

Flapp_Jackson

Re: Trump crypto coin
« Reply #8 on: June 03, 2025, 03:06:41 PM »

So what?
Do you think ethics are only an issue when people make allegations? No one alleged any crime in Hunter Biden selling paintings to rich democrats who would like Joe Biden's ear, that doesn't mean there were no ethical concerns. Ethical violations is something you have to constantly guard against, not merely wait. With your attitude there is nothing wrong with an effectively concealed bribe because there are no allegations. The whole concern is how Trump creating a crypto currency enables a new form of influence and bribery that is much harder to watch and see if there are indications of crimes or ethical violations.

Your what-about-ism is rejected.

I think ethics issues deserve to at least be based on more than fantasy and false allegations.  We have enough real problems to wrestle without fabricating them out of nothing.

But, I understand you need to feed your hate.

#TDSisReal
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

changemyoil66

Re: Trump crypto coin
« Reply #9 on: June 03, 2025, 03:33:12 PM »

With your attitude there is nothing wrong with an effectively concealed bribe because there are no allegations. The whole concern is how Trump creating a crypto currency enables a new form of influence and bribery that is much harder to watch and see if there are indications of crimes or ethical violations.

Bribing government officials is illegal. Doesn't matter how "concealed" it is.  Not getting caught doesn't make it "legal". 

eyeeatingfish

Re: Trump crypto coin
« Reply #10 on: June 05, 2025, 11:00:10 AM »
Your what-about-ism is rejected.

I think ethics issues deserve to at least be based on more than fantasy and false allegations.  We have enough real problems to wrestle without fabricating them out of nothing.

But, I understand you need to feed your hate.

#TDSisReal

This has nothing to do with allegations genius, this has everything to do with the ability to catch them when they do happen and prevention through knowledge that it can be caught.
But I understand you need to prostrate before

eyeeatingfish

Re: Trump crypto coin
« Reply #11 on: June 05, 2025, 11:01:14 AM »
Bribing government officials is illegal. Doesn't matter how "concealed" it is.  Not getting caught doesn't make it "legal".

The fear of getting caught is a far better deterrent than the fear of punishment if one is caught.

changemyoil66

Re: Trump crypto coin
« Reply #12 on: June 05, 2025, 11:21:03 AM »
The fear of getting caught is a far better deterrent than the fear of punishment if one is caught.

So you don't agree with what I posted? Is it cause your wording you used would be wrong again? We call this a conflict management tactic.

eyeeatingfish

Re: Trump crypto coin
« Reply #13 on: June 05, 2025, 11:34:08 AM »
So you don't agree with what I posted?

Obviously not, neither do studies of effectiveness of deterrents
https://nij.ojp.gov/topics/articles/five-things-about-deterrence.


Quote
Is it cause your wording you used would be wrong again? We call this a conflict management tactic.


What wording I used would be wrong?

Flapp_Jackson

Re: Trump crypto coin
« Reply #14 on: June 05, 2025, 12:34:24 PM »
This has nothing to do with allegations genius, this has everything to do with the ability to catch them when they do happen and prevention through knowledge that it can be caught.
But I understand you need to prostrate before
We don't have the ability to predict what's going to happen in the future, genius.

Just like most Liberals, you pretend we can prevent crime by creating laws.

What "prevention through knowledge" are you proposing?  A committee that decides who can avail themselves of financial opportunities and who can't based on what?  Your prediction that this person will not violate some ethics policy and that person will?  Is that really your idea of fair and equal treatment under the law?
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

changemyoil66

Re: Trump crypto coin
« Reply #15 on: June 05, 2025, 01:19:52 PM »
Obviously not, neither do studies of effectiveness of deterrents
https://nij.ojp.gov/topics/articles/five-things-about-deterrence.



What wording I used would be wrong?

Re-read the post, it will answer your question.

My post was

"Quote from: changemyoil66 on June 03, 2025, 03:33:12 PM
Bribing government officials is illegal. Doesn't matter how "concealed" it is.  Not getting caught doesn't make it "legal"."

And instead, you replied about getting caught or not.

Then I replied asking if you agree with my post.

Thus, you must not agree that "Bribing government officials is illegal. Doesn't matter how "concealed" it is.  Not getting caught doesn't make it "legal"."

See, when you once again refuse to admit you're wrong, you forget what's going on.  It's hard to keep a lie going/remember a lie. You of all people should know this as that's what you were taught.

Flapp_Jackson

Re: Trump crypto coin
« Reply #16 on: June 05, 2025, 01:28:18 PM »
Obviously not, neither do studies of effectiveness of deterrents
https://nij.ojp.gov/topics/articles/five-things-about-deterrence.



What wording I used would be wrong?

The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

eyeeatingfish

Re: Trump crypto coin
« Reply #17 on: June 06, 2025, 10:58:28 AM »
Re-read the post, it will answer your question.

My post was

"Quote from: changemyoil66 on June 03, 2025, 03:33:12 PM
Bribing government officials is illegal. Doesn't matter how "concealed" it is.  Not getting caught doesn't make it "legal"."

And instead, you replied about getting caught or not.

Then I replied asking if you agree with my post.

Thus, you must not agree that "Bribing government officials is illegal. Doesn't matter how "concealed" it is.  Not getting caught doesn't make it "legal"."

See, when you once again refuse to admit you're wrong, you forget what's going on.  It's hard to keep a lie going/remember a lie. You of all people should know this as that's what you were taught.

 
Likelihood of getting caught is the point is the whole point, you pointing out that bribery is illegal is irrelevant. My pointing out fear of getting caught is a bigger motivator is not disagreeing with your statement that bribery is illegal. So I am not wrong, you just made a non-sequitur.

changemyoil66

Re: Trump crypto coin
« Reply #18 on: June 06, 2025, 11:00:46 AM »

Likelihood of getting caught is the point is the whole point, you pointing out that bribery is illegal is irrelevant. My pointing out fear of getting caught is a bigger motivator is not disagreeing with your statement that bribery is illegal. So I am not wrong, you just made a non-sequitur.

No, you are pointing out how bribing a government official isn't illegal due to your lack of agreeing with my statement of it. I posted it more than once and you didn't agree, but instead shifting to it being about getting caught.  That's not how laws work and you of all people should know that.

Now you are trying to move goal post. Thanks for playing.

eyeeatingfish

Re: Trump crypto coin
« Reply #19 on: June 06, 2025, 11:07:14 AM »
We don't have the ability to predict what's going to happen in the future, genius.

Just like most Liberals, you pretend we can prevent crime by creating laws.

What "prevention through knowledge" are you proposing?  A committee that decides who can avail themselves of financial opportunities and who can't based on what?  Your prediction that this person will not violate some ethics policy and that person will?  Is that really your idea of fair and equal treatment under the law?

Strawman, I never said anything about predicting crimes.

Are you disputing my assertion that crypto creates an avenue where bribery and influence could occur that would be much harder to catch? If not then that means Trump's crypto coin inherently creates concerns that unethical or illegal transactions could be completed without getting caught.

Conservatives used to be the people concerned with too much power and secrecy in a president. Why are those values being abandoned when it comes to Trump?