> 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.
toomuchtodo|12 days ago
¯\_(ツ)_/¯
https://en.wikipedia.org/wiki/The_purpose_of_a_system_is_wha...
palmotea|12 days ago
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.
solumunus|12 days ago