Secret Deals, Foreign Investments: The Rise of Trump’s Crypto Firm

It takes a lot of character to admit you were wrong and see the error of your ways. Congrats!

>No government wants to enable money laundering, black markets, corruption and terrorism; or so I thought!

what ever gave you that thought? There are countries that do this right out in the open. The rest of the countries do it in various shades of gray to not be right out in the open, but still visible for those that can see in higher bit depths of gray than black and white

The thing is though, once you regulate crypto then what’s the point? You are left with a highly inefficient/expensive and immutable database.

Bitcoin solves (or attempts to solve) for exchange in absence of trust and regulation. But this is a stupid thing to solve for, because without trust and regulation you can’t even have a functioning society.

Some people believe Trump is accidentally advancing things by revealing what needs to be banned. Money in politics, transactional diplomacy with aggressive states, powers of the Executive incautiously delegated by Congress, etc. Cryptocurrency is now on that list. Maybe we should call for a halt until we figure out what’s going on.

It's time to realize that our "industry leaders" are bad people who are actively enabling fascism in the pursuit of personal power.

Yeah, our host is a big trump supporter

No, the current system does not work for most of the people hence the "just nuke it" option sounds like a rational one.

Canadian elections show that people can change their mind overnight, but unfortunately some of the changes that happened in the US institutions and the global relations will take decades to reverse (if ever).

They're not getting ahead, so... they're burning it down.

It's not new and it's far more broad than that. The staggering government corruption and incompetence has been ignored for decades. You can't just pretend that this is suddenly new and one sided.

> This is all because they don’t like immigration?

You could spend an entire college semester discussing how and why. Immigration is the current scapegoat for the effects of a hollowed out middle class, though.

No, its because they dislike a elite that ignores them- a decade of deaths of missery while the rulers declared proudly that the line goes up and thus all is good. https://shadac-pdf-files.s3.us-east-2.amazonaws.com/s3fs-pub...

A elite that fights social welfare as socialism, while at the same time removing the middle class and handing the lower classes infinite competition. Nobody cares about who the elite pretends to care for, nobody cares about corruption, they want to see that house burn down, like theirs was torched. The sounds of humanism the enemy makes, are irrelevant, as the sound of compassion made while doing nothing.

How did you feel about the Biden family’s blatant corruption? Do you really think that Hunter Biden was an amazing artist and brilliant corporate energy sector lawyer that is just falling on hard times now like the rest of us? It’s a weird coincidence that he can’t sell his paintings anymore now that his Dad isn’t politically relevant anymore.

Joe’s brother has also made a lot of money off of questionable government contracts.

> This is all because they don’t like immigration?

To win the libs, women, colored, foreigners, woke, dei - as long as they can satisfy their general hatred for "others" they are ok with collapsing America.

Well, he drained the swamp, now he's doing what he does best, paving it over and building a soon-to-be-failed casino.

Say what you will about "the swamp" (not a big fan myself), but as a metaphor it kinda works since a swamp may be noxious and filled with unsavory swamp creatures... but it's still an ecosystem where competition and co-evolution amongst these swamp species in response to external environmental changes would still be expected.

Republicans straight up lie, but their base is too ignorant to see that. Not to mention the propaganda machine that is Fox News brainwashing them.

OR they aren’t ignorant, and are fully aware of things, and instead are scum.

Or, the conspiracies have been proven true, but it's not with those who the conspiracy-lovers would have expected. Not woke, not Soros, but Trump and his gang were running the exact racket. So I suppose now suddenly the racket is good, doublethink by the book.

As long as you have the Enemy you can run the Grift. Tale as old as money, at least.

Develop USA2.0 with various bugs fixed: no presidential pardon, supreme court reform, term limits, FBI removed from executive branch, etc.

That this is even remotely surprising to anybody is the only surprising thing about it. He took bribes via his hotel last time. He takes massive donations from Bezos and Zuck and others to his inauguration fund or presidential library or whatever other slush funds he can use to skirt anti-bribery regulations.

His son is currently on a tour of eastern europe presenting his crypto 'opportunity' to 'investors'

The fact that Bitcoin (and kin) turbocharges corruption, and its success is a direct result of doing so on a wide scale (the whole point is to undermine state power by dwpriving it of control over currency) is proof to the armchair economist Bitcoin supporters that it is "sound money" and things like facilitating a market for circulation of child porn at one end and open political grift at the other, are welcomed as signs that the *experiment" is working as intended in their winner-corrupts-all bitcoin maximalist worldview.

Its called kleptocurrency for good reason.

Those who support it on philosophical grounds will destruction on everyone else for the sake of their own gain, and should be viewed with all possible hostility as they constitute an intentional community of public enemies in the plainest possible sense.

I mean, he took bribes last time via his hotel operation. This just is an upgrade.

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That's quite unfair. Trump's support cut across a wide swath of (mostly white) Americans, including educated and/or well-off coastal and Midwest voters. Many, many people who considered themselves well-informed, in the mainstream, and in their right mind, voted for him. And nothing changes until you can convince those people of the truth, which is that they screwed up.

People voted Trump for different reasons. Not understanding their reasons does not make you smarter. They were not all low IQ. Ignoring a big chunk of the population because they are "racist", "bigots" and "single-digit IQ yokels" will make you loose the next election to whoever decides to listen to them instead to lecture them.

Do that multiple times and you may end-up with a dicator(or at least someone who can become a dictator) sooner or later.

That is precisely the attitude that those “yokels” decided they would fully back Trump. When people are abandoned by the economic and political system, someone coming in telling them that they will get revenge, is how you get a enthusiastic supporters.