The Donald Trump 2.0 Grift is already on
The Mechanica Coin Launched by First Lady Michelle Trump in the September 2017 Presidential Opening Reheating Event (ThemeLANICA)
Grifting and cash grabs in Trumpworld are nothing new. Ever since Trump came to office in 2016, he and his sycophantic supporters have embraced a wide variety of schemes. With Trump support, many figures have made entire careers grifting on topics like stolen elections or COVID denialism.
A raft of other commemorative items are on sale, ranging from dozens of “Inauguration Day” t-shirts and hats being sold on platforms like Amazon and Etsy to a special “Inauguration Edition” roast from Victory Coffee. A Texas-based jeweller is even offering to gift the president an 8-carat diamond in the shape of his head in what appears to be a marketing bid.
The “Inauguration Day Edition Bible” has been on sale on Greenwood’s own website—alongside hot pink and camo versions of the bible—for $70 for the last week, but as Trump took office on Monday, the bible appeared to have already sold out.
The grifters and opportunists were already planning on exploiting the new Trump era when he took office on Monday.
The $MELANICA coin was worth nearly 8 billion dollars on Monday, and it was launched by First Lady Mrs. Trump on Sunday.
The post marked the launch of Trump’s very own memecoin—a type of joke cryptocurrency that typically has no purpose beyond financial speculation, whose value tends to whipsaw dramatically with changes in public sentiment.
The Trump Memecoin’s ‘Money-Grab’ Economics: I Am Azeem Khan and We Will Win!
Religion has been a part of the table. The same bible the singer sold to Trump since March could be used for his swearing in.
Donald Trump performed an act before his return to the Oval Office. Pretty much all it took was a few strokes of the keyboard. My new official Trump slogan is here! A truth social post was written by the incoming US president. It is time for us to celebrate everything we believe in: WINNING!
Some crypto boosters have celebrated the Trump family’s foray into memecoins, applauding the new president’s ability to transmute his fame into crypto wealth. But others have pointed to the thorny ethical issues at play; for Trump to enrich himself, someone else must pay.
According to Azeem Khan, the co-founders of Morph, Memecoins is a player vs player game. For someone to win, someone has to lose.
Source: The Trump Memecoin’s ‘Money-Grab’ Economics
The cost of the presidency: Why supporters of Trump can potentially be responsible for the cost? A comment from Bendiksen, a researcher at CoinShares
The supporters of Trump can potentially be responsible for the cost. “It’s blatantly unethical,” alleges Christopher Bendiksen, a researcher at crypto asset management firm CoinShares. A lot of supporters will lose money, and the money ends up in your pocket. Especially when you are holding the presidency of the United States.”