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I mean, wasn't crypto's only logical use always crime? Trump, as he does, just made it more obvious.

* sighs, goes out to buy a tinier violin *

My CrimeCoin is bad for society??? Why wasn't there warning signs

Me minting some new crypto crap: Surely, no one would ruin the value of my highly scam-enabling CorruptionCoin by scamming anybody, that would cause it to lose value! It's completely safe

“Before Trump, crypto was a legitimate way for law-abiding citizens to purchase child pornography or move drug money. Trump has ruined its good name, and now it carries the taint of corruption and sleaze.”

Yes. All of those things continue to be true.

Oh no, my chickens, they're coming to roost!

Exactly this. He's not mad about the fact wealth is transferred per se, he's mad it's not to him..

Crypto is the perfect Trumpian vehicle. It has no intrinsic value other than as a way to separate rubes from their money or engage in fraud and corruption.

Corrupt admin nooooo really

Crypto is eco destruction and has always been a big scam

After reading Zeke Faux's Number Go Up, seems the primary utility of crypto is crime - money laundering, extortion, scamming.

Perhaps those serious individuals in the crypto industry are finally realizing that NOTHING Trump does is intended for the benefit of the crypto industry. They’re structured to benefit Trump and his cronies and no one else. Everyone else is just a vector for Trump’s benefit or a mark for his grift.

I don't have a book but I can offer you a 30 minute YouTube video: www.citationneeded.news/video-the-cr...

*come on (sorry my autocorrect was in French)

Counterpoint - crypto was bullshit way before Trump came along. And that is exactly why he decided to use it.

Seems like this crypto guy doesn’t understand crypto basics

WAKE UP PEOPLE!!!. THIS is the whole grift

similar response, said better here bsky.app/profile/kati...

Lololololololol

Kind of genuinely amazing that everyone, including the administration, is like “Well when we lose next year we’re all going to jail.”

Get their fucking asses!

Oh no!

Boo hoo.

They got their own asses.

I mean yeah

ETTD

They couldn’t see this coming?

Every dollar in crypto is a dollar invested to destroy America. Wait until we get to the failed bank or stock brokerage and FDIC is fooked and big depositors get nothing and pay roll checks bounce and are clawed back. Social security deposits go into black holes. The Super Short of America.

Lots of frogs discovering the existence of scorpions

A crypto bro complaining about the rule of law is hilarious.

Another satisfied member of the leopards eating people's faces party.

well .....yeah

Calling outright theft/fraud an "extractive venture" really tells you all you need to know about these people

The killer apps have always been just scamming, money laundering and gambling

NFTs = Crypto = Corruption, yeah.

There was a period in the early days, before the first MTGox hack, where it was arguably just for gambling and speculation. Back when it was new enough nobody on the dark web trusted it yet and the money laundering hadnt been locked down. Lasted for a few weeks, maybe?

It did have other uses… wasting natural resources and being a vehicle for money laundering, tax dodging, and buying illegal drugs and weapons.

Admit it, Hoskinson. Crypto has ALWAYS equaled corruption. It's just more widely known now.

We had respectable crimes before Trump! Now everyone thinks you're a pedo with a weirdly-shaped penis if you hock crypto. smdh - that guy, probably, with his weirdly-shaped penis from before it was popular to call those out

it's no accident that it's the currency of the so-called dark web

Yeah, well, crypto meant corruption, criminality and scam before. It wasn't so apparent for the wider public 🤷🏻.

I do love that people are thinking “if my brand is associated with Trump I’m doomed.” That’s a nice development.

Well. Maybe he wouldn't have to worry about the reputation of crypto if it had any actual use beyond money laundering and rugpull scams.

My perception of crypto is literally crypto equals Trump equals bad; crypto equals corruption.

bsky.app/profile/stev...

That’s definitely what equates it with for sure