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by jazzyjackson 253 days ago
It makes me want to riot that we've allowed the presidents whole family to leverage their wealth on Bitcoin, its such an outrageous conflict of interest, literally with a few million up front you stand to become unbelievably wealthy by yanking the USD's reserve currency status.

Real monkeys paw action here tho because I always liked the idea of BTC as a viable alternate to USD, but, not like this.
3 comments
jiggawatts 253 days ago
As someone looking in at the USA from the outside, it absolutely blows my mind that the country went from “give up the peanut farm” to this: https://en.wikipedia.org/wiki/$Trump

Like… what!?

I have no words.

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wredcoll 253 days ago
It is genuinely amazing how fast it feels like it happened.

The whole monica lewisnky thing happened because there was an investigation into Clinton making maybe 100k off a partnership with a guy who later got arrested.

Granted that was over 20 years ago now, but like, hillarys emails???

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anon191928 253 days ago
wait until you learn about where $trillions went in last decades of war.
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1oooqooq 253 days ago
they would have profited anyway. be it stocks or forex. using btc only makes it public i guess?
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jazzyjackson 253 days ago
corruption is one thing, I would call it merely unfair (unfortunately not illegal) to trade with inside information or by pulling strings. Crashing the dollar for personal gain, tho, it's practically treason.
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immibis 253 days ago
Not practically - crashing the dollar on purpose is actually treason.
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colonCapitalDee 253 days ago
BTC means they can pull wealth out of the system at astonishing rates. Trump & Co are hardly the first to be corrupt, but the scale, the blatentness, and the damage being done to the country as a byproduct is unprecedented in modern history
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lesuorac 253 days ago
Stocks are public.

There's a been a lot of people doing moves ahead of other tariffs announcements.

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pyuser583 253 days ago
Bitcoin is arguably more public than stocks - all transfers are publicized. Transactions on major stock markets are publicized, but private transactions are not.
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1oooqooq 252 days ago
they most definitely are not.
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lesuorac 252 days ago
How do you think the SEC finds it's insider trading cases?

They see a giant position placed ahead of a movement in the market and then ask the exchange who placed those trades. The only difference between an exchange and crypto is that cypto you can also see.

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finghin 253 days ago
Perhaps it makes the burden of proof for the accusation higher, though?
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