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by cushpush 128 days ago
Being upset that meme coins underwent a boom and bust is like getting angry at fire for being hot.
6 comments
simonw 128 days ago
Jimmy Carter put his peanut farm in a blind trust.
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tadfisher 128 days ago
The problem with this statement is the part of the title that it completely ignores. More precisely, the first part.
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hightrix 128 days ago
The difference here is that this is the president doing this rug pull.

Using his power to make billions is not exactly enshrined in the constitution.

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toomuchtodo 128 days ago
This is who he is. This is who they voted for. The electorate voted for Congressional representation that does not hold him accountable.

¯\_(ツ)_/¯

https://en.wikipedia.org/wiki/The_purpose_of_a_system_is_wha...

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palmotea 128 days ago
> The difference here is that this is the president doing this rug pull.

Cryptocurrency has always been a scam of no real utility for honest actors (compared to alternatives).

> Using his power to make billions is not exactly enshrined in the constitution.

Not exactly. Trump is dishonest and greedy, and doesn't care about a lot of appearances that prior presidents cared a lot about. In this case, he's not "using his power to make billions," he's actually not refraining from making billions because he has power.

I'm pretty sure Obama and Biden could have made money from a meme-coin, if they were so inclined. But if they even thought about it at all, they would have rejected the idea because it would look bad, hurt the office, etc. Trump doesn't care about those things.

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solumunus 128 days ago
Again, completely irrelevant.
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smt88 128 days ago
It's very obvious that the anger is about POTUS using his office for rug-pulls, not that rug-pulls are happening in the first place
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AnimalMuppet 128 days ago
Por que no los dos?

I can be angry about memecoin rug-pulls as a general scam, and I can be angry that the sitting US president is running shady scams.

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nozzlegear 128 days ago
Surely you're taking the piss and can recognize that what's unique about this story is the fact that a sitting US president pushed the meme coins? They made Jimmy Carter put his peanut farm into a blind trust, but Trump is raking in money off his crypto pushes, shady dealings, and business holdings.

Edit: Carter put his farm into a blind trust, he didn't sell it.

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solumunus 128 days ago
That’s what we’re upset about ay?
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