Chris Remington@beehaw.orgM to Technology@beehaw.org · 13 hours agoTrump Family’s Crypto Empire Collapses: Nearly $1 Billion Wiped Out as World Liberty and Memecoins Crashdailyglitch.comexternal-linkmessage-square19fedilinkarrow-up1128arrow-down11
arrow-up1127arrow-down1external-linkTrump Family’s Crypto Empire Collapses: Nearly $1 Billion Wiped Out as World Liberty and Memecoins Crashdailyglitch.comChris Remington@beehaw.orgM to Technology@beehaw.org · 13 hours agomessage-square19fedilink
minus-squareramble81@lemmy.ziplinkfedilinkarrow-up20·edit-29 hours ago Create tokenized item with no actual value (Z = 0) get people to spend real money on random token. collect the money at a high arbitrary value (X) Collect the money at a lower, yet still arbitrary value (Y) Enjoy X+Y-Z profits Trump never put his money in any of it. He created a random token out of thin air and people willing threw money at it.
Trump never put his money in any of it. He created a random token out of thin air and people willing threw money at it.