Shitcoins
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I suppose many of you are familiar with crypto.
How am I supposed to take that the president of the United States of America and his wife, the First Lady, have released and are promoting “official memecoins” named after themselves on the Solana blockchain?
The solana ecosystem is primarily used to trade meme tokens. The vast majority of them a pump and dump schemes, while the rest are based in building “communities”, where the strategy is to promote the community to new investors in order to use them as exit liquidity.
But seeing the official Trump and Melania accounts literally shilling their own shitcoins, complete with contract addresses, feels surreal. This kind of behavior is what you’d expect from random accounts hyping up tokens with names like Retardio or Niggabutt, not from the President and First Lady.
This feels like an absurd simulation. Why would they do this?
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Cuba has launched their own official shitcoin in pumpfun.
The post has already been deleted.
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I don't think Trump even knows what a meme coin is. It is very funny to see that crypto aka "the future" is 90% gambling and scams like this tough!
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Look. Look how out of control "capitalism" has become. This is what happens in a "free market" rife with "healthy" "competition". When "price discovery" is intact and attention is paid by the people to the legislature.
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Also. Also. We need a solution! Won't somebody please think of the children. Maybe we need muh "stakeholders" in muh "capitalism" or something.
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@ThinPicking said in Shitcoins:
This is what happens in a "free market" rife with "healthy" "competition".
"Now you are not naive enough to think we're living in a world with "free market" and "healthy competition" are you sport?"
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Silly me Mr Gekko.