• CharlesDarwin@lemmy.worldOP
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    5 hours ago

    For example, the owner of a convenience store down the street from me said he voted for Trump because he thought his admin would be “better for crypto”. He has a crypto newsletter with all sorts of stupid links to conservative BS on “X” and AI memes that say “John Thune is a traitor” (I think for not supporting the CLARITY crypto act).

    The owner of the convenience store has a crypto newsletter? Wow.

      • CharlesDarwin@lemmy.worldOP
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        18 minutes ago

        Holy shit, well thank god the bald eagle and the flag are on there, FFS. 🤣

        HAHA. About the CLARITY bill; you should ask him why he thinks the Trump family should get to make money on every single dollar issued from here on out.

        https://www.unftr.com/blog/the-crypto-heist-happening-right-under-our-noses

        In the piece we discussed an important word: seigniorage. This is the profit a government makes by issuing currency; essentially the difference between what money costs to make and what it’s worth. It’s how central banks fund themselves. And we said at the time Congress had just cleared a path for Donald Trump to capture a meaningful piece of that for himself and his family, in perpetuity.

        And a family that collects fees on every transaction, in perpetuity, at a scale that could eventually rival the Federal Reserve’s own seigniorage.

    • zeppo@lemmy.world
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      4 hours ago

      He’s a bit eccentric and of course, really into crypto. Attends conventions and wears an XRP hat. He said he started the newsletter because he was tired of explaining it to family members and their friends. His newsletter doesn’t really explain anything at all though

      • CharlesDarwin@lemmy.worldOP
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        1 hour ago

        That’s pretty funny. I guess “I’d like to subscribe to your newsletter” is still an actual thing someone might say to someone, and not just as a joke.