this post was submitted on 23 Sep 2024
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politics

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[–] nemonic187 58 points 2 months ago (3 children)

Money laundering. That’s what this is.

[–] Agent641 33 points 2 months ago* (last edited 2 months ago) (4 children)

It's not money laundering to sell dumb shit to idiots, like coins to magas, or bathwater to thirsty teenagers, or dogecoin to me

[–] [email protected] 31 points 2 months ago (1 children)

I have no clue if there's indeed any proof for such a claim, but the theory that I read elsewhere is that it's a way to obfuscate money flows.

If a foreign nation (Russia, China, North Korea, whoever) would like to engage in the election, they can't just donate to the campaign officially. But instead, they could buy a couple thousands of these coins in smaller transactions.

TBH I'm rather with you. I think the majority of these coins is just bought by some MAGAs. For foreign nations there'd be probably more efficient ways to transfer money like shares etc.

[–] nemonic187 3 points 2 months ago

Pretty much exactly this.

[–] nemonic187 9 points 2 months ago

It is if someone from outside the US, who can’t legally donate to Trump’s campaign, buys 100 of these.

[–] [email protected] 3 points 2 months ago* (last edited 2 months ago)

It certainly is if most of the dumb shit is bought by foreign powers as a way to fund a campaign. See also bibles, nfts, sneakers.

[–] RestrictedAccount 1 points 2 months ago* (last edited 2 months ago)

You would be gravy, but it would be easy to shovel millions of oligarch money into his organization which will lose it by buying the oligarch’s overpriced services.

[–] Brkdncr 4 points 2 months ago (1 children)
[–] nemonic187 6 points 2 months ago (1 children)

Foreign investor buy dozens of these coins. People that probably shouldn’t be “donating” to American politicians cuz they want something in return.

[–] Brkdncr 2 points 2 months ago

Ah, I don’t think this is money laundering. Most politicians do this but with books. I guess a book was too much work for old don.

[–] FenrirIII 2 points 2 months ago

It's mostly a wealth transfer from dumbasses to a criminal grifter.