Did the total amount of money spent on the coin add up to 12 billion dollars? If not, then they didn’t 12 billion dollars.
Fucking speculation value is bullshit.
I’m guessing this was a roundabout laundering / buying power thing.
So while some of his fans lost money, I doubt they’re rich enough to lose $12B.
What happened was $12B was intentionally moved from some people to another.
I’ve sold 15 yougurts this year, I value my dairy company at 300 billion dollars…
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by your CFO who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on six more.
Sounds like a money laundering deal that got cashed in after the shit show with Zelenskyy
Oh no, who could’ve seen this coming?
When you think about it, no money was lost to Trump supporters. He supports himself after all.
Are there any memecoins that are stable and, you know, currency-like?
Not meme coins, but stable coins exist - which are tethered to a particular global currency (eg. USD), but their primary/sole purpose is to act as a way to lock in price trades (as actual transfers may not go through instantly and would therefore differ in value otherwise).
and they’re as stable as how much you seem to get the point
“Stable coins” have crashed before too.
The whole crypto currency market is a house of cards. Just some are a bit lower in the structures than the others so don’t fall over as often. But in the end, none of it is safe and none of it has a positive economic value.
Someone did some math (an actual paper iirc) on stablecoins, they actually had a mathematical stable value to which it would return, which was around the pegged value. Only one problem, this wasnt the only stable value, as they had 2. The other stable value was 0. Hmm black swans
Memecoins are meant to be unstable and bring no value. It’s sad that people get interested by them more than they get interested by Bitcoin, which is a lot more serious and stable
Bitcoin is also unserious and unstable to a degree that woukd be comical if it weren’t tragic.
