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Peacetrain

(24,213 posts) Fri May 23, 2025, 11:27 AM May 2025

How stupid do you have to be to buy into thin air for currency.. nothing backs it up [View all]

Its monopoly money... wait, its not even that.. at least you get a piece of paper with monopoly money. And good old Trump invited 220 or so people who have made up money and are getting others to invest into the thin air for a dinner to brag about how they have swindled people while he is currently President of the United States
.

Stupid.

Dollars or pounds or lira what ever are valued are at least with the good faith of a country. What on earth is backing a Trump coin or any cryptocurrency for that matter.

18 replies

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Highlight:

How stupid do you have to be to buy into thin air for currency.. nothing backs it up [View all] Peacetrain May 2025 OP

It is a con game pushed by Wall Street and trump. Absolute malfeasance JohnSJ May 2025 #1

It's amusing to consider all those gold spot ads on RW talk radio. no_hypocrisy May 2025 #2

hahha.......All Losers! vapor2 May 2025 #3

It's an easy way to launder money? n/t susanr516 May 2025 #4

I've asked that same question many times. sop May 2025 #5

Bitcoin is the exact opposite of inscrutable- it's literally open source. It's just a protocol. Blues Heron May 2025 #11

"Inscrutable: impossible to understand or interpret." sop May 2025 #12

It means its possible to understand it, that its not somehow hidden or obfuscated. Its not secret Blues Heron May 2025 #13

It's not "hidden," "obfuscated" or "secret," it's just inscrutable. sop May 2025 #14

It's nothing for me, but then again I have a degree in comp sci! Blues Heron May 2025 #15

We're talking about understanding financial investments in cryptocurrency, not blockchain technology. sop May 2025 #16

I just read an article on this yesterday: 41% of those invited had LOST money on his bullshit crypto coin. kysrsoze May 2025 #6

Any currency is only as good as the government backing it. Uncle Joe May 2025 #7

Letters from an American dweller May 2025 #8

Just as stupid as online gambling bif May 2025 #9

Bitcoin is open source - you can see for yourself if you trust it or not. Many do and there you have it. Blues Heron May 2025 #10

What about meme coins? Guess the confusion arises because nothing back those up. They're allegorical oracle May 2025 #17

Some Bitcoin is supposedly pegged to the dollar... haele May 2025 #18