It also sounds like they are just trying to build a crypto exchange, which there are already at least 500 operating…
Some info about the tech genius behind this…. It’s apparently just a rebranding of their last project, which failed and was hacked for 2 million…. The pair spearheading the project – Zak Folkman and Chase Herro – are not well-known in the crypto world. CoinDesk previously reported that the duo was responsible for Dough Finance, a DeFi product that failed to gain traction and was hacked for $2 million over the summer. The pitch outlined in World Liberty Financial's white paper closely resembles that of Dough. Both platforms are modeled as user-friendly interfaces for accessing Aave, a popular Ethereum-based lending market, and some of the early code for the Trump-backed crypto app appears to have been lifted directly from Herro and Folkman's older project. Outside of crypto, Folkman and Herro are the founders of Subify, a censorship-free subscription platform similar to OnlyFans that is best known for its association with the influencer Logan Paul. Folkman, who registered the LLC for World Liberty Financial, used to deliver seminars advising men on how to pick up women. According to a Bloomberg report published last week, Herro has promoted himself as the "dirtbag of the internet" and has promoted failed cryptocurrencies, colon cleanses and get-rich-quick classes. Trump's Crypto Gambit: What We Know About the Launch of World Liberty Financial BTW, when a failing crypto project get “hacked”, and since it’s mostly untraceable, some people wonder if it was really was hacked, or just the insiders cashing out….
It is interesting that Trump seems to be going back to his 2000s-2010s business model (any white collar criminal that wants to juice their "business" can license his name and put it on their scam).
I understand that if Trump is elected he will issue an immediate pardon for Sam Bankman-Fried and offer him a partnership with Eric and Don Jr. considering that Bankman-Fried has considerable experience running a crypto exchange not to mention that he has also demonstrated that he has the ethics of a member of the Trump crime family. Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall. U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and finding that he lied during his trial testimony. A jury found Bankman-Fried, 32, guilty on Nov. 2 on seven fraud and conspiracy counts stemming from FTX's 2022 collapse in what prosecutors have called one of the biggest financial frauds in U.S. history.
Meet the masterminds behind Trump's latest endeavor. One went to prison on drug charges for 3.5 years, the other's call to fame was lecturing on how to pick up hotter women. And, shades of Hunter Biden, Baron Trump is listed as a "decentralized finance visionary." Language warning:
I was right, except that the Defiant One-dollar coin is not worth $1.00--it's a commemorative coin with no known cash value. It also doesn't say whether the coin needs a magnifying glass to see, or is flash-plated with silver or is just covered in silver paint. Needless to say, it will soon be lost in your couch cushions. No cents of shame: Trump unveils new commemorative coin for $100 in latest merchandise grab
In the description on the website where you actially order these things: "RealTrumpCoins.com is proud to produce the only and official silver designed by President Donald J. Trump. This is a 1oz .999% silver medallion and struck with a proof finish featuring our 45th President’s profile on the obverse and the White House on the reverse." Doesn't that mean slightly less than 1% pure? President Trump First Edition Silver Medallion
Good catch… wonder if that’s a misprint or admission it’s plated. silver is about $31 a ounce, so even if it’s pure 1 ounce, it’s still a 300% mark up, at 0.999% pure, it’s a 30,000% mark up…
Indeed. Real minted bullion coins are 99.9% pure silver or gold. Could be a typo (needs to be either .999 pure or 99.9% pure), but would anyone be surprised if this guy was peddling fake junk? A lot of the “collectible” coins sold to Fox morons are fake (non bullion), but even those goldline coins I don’t think described themselves as 1oz .999% pure gold (which like you say is <1% and not pure gold at all). Either way if it’s a typo it’s a ripoff based on price but maybe at least real bullion coin. If it’s intentionally typed that way to mislead then it’s worse than mere “ripoff”, instead would be more like blatant scam.
Does he know anything about crypto, finance or just about anything in life other than lying and grifting?
The End Time is upon us. Trumpy Trout™ – The Talking Fish with Hilarious Animations & High Fidelity Speeches CONGRATULATIONS, YOU FOUND IT! NOW YOU CAN ORDER IT - FOR REAL! AS SEEN ON TV "I am the hugely bigliest fish in the pond." "I'm building a new pond, and the bass will pay for it." "All the fish love Trumpy. They just love me." Makes A Great Gift ONLY 59.95.
Trump literally has no idea what crypto is or how it works. “Who knows, maybe we’ll pay off our $35 trillion dollar [national debt], hand them a little crypto check, right? We’ll hand them a little Bitcoin and wipe away our $35 trillion.”
