From Pine View Farm

The Cloak of the Crypto Con 0

In the midst of a longer article about how he is somewhat taken aback by the loyalty of the Trumpettes in the face of Donald Trump’s actions, Devin Scillian notes how Trump is profiting from the crypto con:

I’ve also been grinding o? a molar over the launch of the Donald Trump meme coin cryptocurrency. It’s a clear money grab, a way of not only making money o? the presidency but, in the thinking of some of us, profiteering from the Ponzi scheme that continues to define crypto. (Fortune estimates that while thousands of investors lost $2 billion dollars in the rollout, the Trump family raked in $100 million in transaction fees.) Even worse, thanks to crypto’s invisibility cloak, there is no way to know who is pouring Russian rubles and Chinese yuan into the Trump coffers.

The whole article is worth a read.

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