Trump promotes family's new crypto platform, 'The Defiant Ones'
Trump promotes family's new crypto platform, 'The Defiant Ones'
Trump promoted a soon-to-launch, Trump Organization crypto platform to his 7.5 million followers on Truth Social.
“I think there has been a lot of inequality in that only certain people can get financing [...] so this notion of decentralized finance is obviously very appealing to guys like me who have been debanked,” Donald Trump Jr. said in the interview on Locals.
Ha. "I'm toxic to banks so we are going to try and grift our idiot followers" is fun.
So is he trying to say that he wants to build a crowd source lending institution that uses crypto? Or is this a Mt. Gox situation where they get people to buy their fake coins (a really good look for a son of a former President) and then are "hacked" and think nobody will be able to trace the coins back to them? And you know the whole reason they want to go crypto is so they can do money laundering/bribes and be "untraceable".
“... guys like me who have been debanked,” Donald Trump Jr. said
I had to look up "debanked". Admitting to it has to be the financial equivalent of telling people you are a registered sex offender.
What he means is he's trying to funnel his wealth into assets that aren't regulated and may be difficult to seize.
You know, to hide his money from the victims that he owes hundreds of millions to for his criminal behavior.
No no no, he didn't say "debanked" he said "Deutsch Banked." As in, "I'm such a liability that the only financial institution that will work with me is shady Russian money laundering Deutsch Bank."
Oh, now I should get into crypto. I've just been waiting for someone publicly convicted of multiple counts of fraud to start up a platform so I can pour all my money into that.
You mean you didn't get your Trump trading card set, Bible or Golden sneakers?
Does he accept unmarked bills?
I'll buy their crypto with every counterfeit dollar I can find.
I wouldn't get into crypto, but have you heard about this newfangled thing with the NFTs?
Felon cryptobro 100% speed run.
We all know how this is going to end, right?
He'll get his fans to buy his shitty token, and maybe even keep custody on his platform. Then if he loses the election, he's gonna flee to Russia via Venezuela, while pulling the rug out from under all those "investors" and taking it all. Then he will publically state that Harris must have directed the NSA to hack his site. He can live out his remaining time in Russia as a wanna-be oligarch, and Putin will treat him like a leader-in-exile.
We all know how this is going to end, right? He’ll get his fans to buy his shitty token, and maybe even keep custody on his platform. Then if he loses the election, he’s gonna flee to Russia via Venezuela, while pulling the rug out from under all those “investors” and taking it all. Then he will publically state that Harris must have directed the NSA to hack his site. He can live out his remaining time in Russia as a wanna-be oligarch, and Putin will treat him like a leader-in-exile.
Win or lose, this is a rugpull.
He can live out his remaining time in Russia as a wanna-be oligarch, and Putin will treat him like a leader-in-exile
Yep. Except that's only until he runs his mouth and has a tragic fall from a window.
If I where to place a bet, I would say 3 months, tops.
The fucked up thing is he’ll never leave the US, and he’ll never face consequences.
He can live out his remaining time in Russia as a wanna-be oligarch, and Putin will treat him like a leader-in-exile.
Honestly think he'd be safer in North Korea. Kim Jong Un could at least see him as an ally of "the world is against us."
Putin already views Trump as a puppy that makes messes on the carpet... while running a dog fighting ring.
“For too long, the average American has been squeezed by the big banks and financial elites,” Trump wrote. “It’s time we take a stand — together.”
Do people actually believe for a fraction of a second that Donald Trump of all people is on the side of the average American? And that the way to "take a stand" is with a crypto pump and dump scheme?
Yes. A great many people believe exactly that.
I was going to invest myself, but I already lost $20,000 investing in the NFTs. Best purchase ever.
People will 100% kill for him. I’ve heard it from my own ears from people around me where I live. We in Canada.
Yes, some people are uninformed idiots.
Trump pump and dump.
Trump pump and dump.
Stormy Daniels approves this comment.
Trump Chump Pump n’ Dump
I know this is a crazy ask, but could we maybe have a presidential candidate not openly telling us he's committing fraud while he's on the campaign trail?
Jimmy Carter gave up his peanut farm when he became president. After his presidency, Rosalynn and Jimmy spent their time building affordable housing. Rosalynn passed away last year on November 19. at the age of 96. They were married for 77 years.
Crazy how some people view what a good leader is now...
But the sweaters!
Goddamn it would be so fucking easy to scam maga shitheads if I didn't have morals
Right? I'd just sell them N-Word Passes and claim "Naw bro, Trump signed them and everything, these are real."
Hell, I think my biggest problem is I can't think of anything dumb enough before they've already got it
I used to think I was a pessimist. But now after multiple "There's no way people are that dumb" and being wrong I must be an absolute optimist.
It is a significant departure from Trump’s previous stance on cryptocurrencies during his stint in the White House when he called bitcoin a scam.
Is it a departure? Trump running a scam seems perfectly in line with his previous stance.
ikr as if scamming isn't his favorite pastime
He got paid by crypto bros, now he is pro crypto.
He was anti-EV until Elon paid him to care.
If he gets elected Putin will pay him to pull US support from Ukraine.
That’s how he works
People are presuming he used the word "scam" as most people do - with negative connotations - when, Trump being Trump it's likely that the only negative thing he sees in a "scam" is him not making money from it.
I can use my degree from Trump University and make a boatload of money
only a scammer would do something like thi-
oh right.
Next test of the cult... are you fucking people actually about to line up to trust your financial future to dumb dumb eric trump and sniff sniff don Jr?
Personally I hope so. They're burning the world, it'll at least be fun to watch them flounder in the process.
Except the Trumps get rich off of it. I don't know if the stupid people losing out so the rich assholes can gain is ideal for me. I'd rather the stupid people keep their money.
Maybe trump is beginning to think he might not win the presidency so he's got to grift as much as possible while he can.
GriftCoin
The president should not have their own clothing line and currency.
What's wrong with owning a clothing line as president? As long as they're not using their office to impact their business in any meaningful way, I have no issues at all with it. So before taking the oath of President, you should be required to demonstrate that you have removed yourself from any obligations or loyalties you may have (so appoint someone to take care of your company(s) and whatnot).
As long as decisions made by the company have zero relationship to the actions of the President, I'm fine with it. And Congress and the Supreme Court should have some checks against that (i.e. Congress should be able to set rules for the President through legislation, and the Supreme Court should be able to review executive actions and force divestment if there's evidence of bias).
I despise Trump, but let's not be hasty.
A politician should not be allowed to own something they have the explicit power to artificially inflate the value of. For the president, that's all businesses.
As for currency, again, the president has the ability to crash the value of the American currency and drive people to his currency in order to artificially inflate it. Sacrificing an entire global economy for personal gain should not be possible.
But not only is it possible, now with the recent Supreme Court ruling, he'd be immune to prosecution for doing it, so why wouldn't he do it?
There's likely some outright criminals who can't easily send their dirty traceable money into politics directly to buy favors. Seems to me that this helps "solve" that.
I, personally, imagine high odds of a combination of:
- overt intentional crime happening in un-subtle ways
- disallusioned operational staff with no real reason for loyalty
- failure to stop at various "don't do this or we will get caught" lines
If I were any kind of federal investigator, I would look into this with great interest.
I can't wait to see the level of grifts that will come when they really start to get desperate.
Not sure it can be called grift if he's literally saying they will be funding him.
There's no deceit involved in this case.
I mean, there's no deceit involved in modern UI\UX in social platforms either, but the paradigms are taken from gambling machines.
That guy has been milking every cow on the planet, you gotta appreciate the efforts. I'm just surprised there's no NFT collection out there, that'd be befitting of a supreme con artist.
They're just as ridiculous and overpriced as you'd think.
Wow those are terrible
Probably because he already did an nft collection apparently, according to the article.
The Defunct Ones
Covfefe Coin
Coinfefe
Plugging a crypto currency is officially the last resort of a scoundrel.
Will it become as successful as Trust Social?
Grifters going to grift
What could go wrong...
A new day. A new grift.
Up next, an innovative new sales technique. Get this, it is called Multi-level Marketing. Brand new, never been done before!
I bet the same morons that got his NFTs fall for this....the SAME PEOPLE (the ones that still have money left).
I wonder how the ethics here work. If I enter the pump phase, leave before the dump, I'm effectively stealing money from the MAGA cult. Is that a good deed?
But if you lose money you've effectively funded the maga cult!
Looking at Truth Social, there's not even much of a pump phase before the whole thing self dumps.
https://www.tipranks.com/stocks/djt looks a bit pumpy
Isn't it weird that he waited this long...?
Right?! The perfect con for people who've been living under a rock for the last 3 years!
Well he hadn't been convicted on running a dark money campaign.
So politics aside, would you really put any money into a financial system run by someone with a proven track record of driving businesses into bankruptcy?
But he's chosen by Jebus!
So he did NFTs and his own coin, but where's his Metaverse tho? His grifting is lacking.
New grift same grifter
Made Another Grift Again
Now this is just comedy-level grifting. This can't be real life, this has got to be a simulator to find the stupid ones
After Trump's NFT and silly sneakers, this just seems par for the course.
In before Logan Paul is attached and Coffeezilla exposes it all as a rug pull
It seems they're missing out on a memorable marketing campaign: Deploracoin! 100 Deploracoins = 1 Deplorabill.
That’ll do as well as a coin called truthsocial.
they must really think so little of their supporters
Accurate assessment from what I've seen.
Are they wrong though? These are the geniuses that buy Trump-branded bibles they'll never read.
You spelled followers wrong.
This feels like a scam just like those Elon Musk crypto scams you see everywhere.
"Be defiant, give me your money".
Now they're defiant? I thought the whole thing was that they were the silent majority or some bullshit.
I knew serial conman Trump couldn't resist getting involved in crypto which is one of the biggest cons of all time.
I would say the fiat money system is the biggest con, at least by volume. What with all the quantitative easing and fractional reserve banking.
Yeah you're right an ecosystem that produces things like peepee coin isn't full up with con jobs. /s
Committing all the crimes now, one last hurrah
Maybe after the rug-pull he'll finally have something so he can stop with that ridiculous hair-style.
While I support crypto you gotta pick your asset. And, boy this is a dud.