It certainly is a fake currency in that it exists in the minds of people, is not tangible, and has no intrinsic value of its own.
Tell me, what does a “bitcoin” look like? Post an image of one.
The bitcoin fad makes Jon Law’s paper money scheme look like child’s play
JWK
“Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man’s field by the sweat of the poor man’s brow.”__Senator Daniel Webster, May 25th, 1832
Oh nice. Trump will make quite a bit of money from this foreign company. This isn’t corruption at all.
A stablecoin launched by Donald Trump’s World Liberty Financial cryptocurrency venture is being used by an Abu Dhabi investment firm for its $2bn investment in crypto exchange Binance, one of World Liberty’s co-founders said on Thursday.
World Liberty, which aims to allow people to access financial services without intermediaries like banks, said in March it would launch USD1, a dollar-pegged stablecoin backed by US treasuries, dollars and other cash equivalents.
no corruption. They performed an unbiased evaluation of the strongest cryptocurrencies. it was a close call, but the trump USD1 narrowly beat out fartcoin on the fundamentals.
,and it proceeded to be so poorly managed that he sold it after he left office. Trump would have passed an executive order closing other peanut farms.
Trump did just the opposite - put his business center stage and used / is using his power in office to make billions of dollars with massive conflicts of interest.
It is amazing: it’s been a pretty basic, apolitical principle that presidents shouldn’t do this. But Trump comes along and we’re like, “Nah, for this guy, it’s cool.”