This is who he is. This is who they voted for. The electorate voted for Congressional representation that does not hold him accountable.

¯\_(ツ)_/¯

https://en.wikipedia.org/wiki/The_purpose_of_a_system_is_wha...

> The difference here is that this is the president doing this rug pull.

Cryptocurrency has always been a scam of no real utility for honest actors (compared to alternatives).

> Using his power to make billions is not exactly enshrined in the constitution.

Not exactly. Trump is dishonest and greedy, and doesn't care about a lot of appearances that prior presidents cared a lot about. In this case, he's not "using his power to make billions," he's actually not refraining from making billions because he has power.

I'm pretty sure Obama and Biden could have made money from a meme-coin, if they were so inclined. But if they even thought about it at all, they would have rejected the idea because it would look bad, hurt the office, etc. Trump doesn't care about those things.

Por que no los dos?

I can be angry about memecoin rug-pulls as a general scam, and I can be angry that the sitting US president is running shady scams.

Yet he didn't feel the need to hide the plane he received from the Saudis, or the gold bars he got from tech companies. Hell, he even bragged about those. Because there's no one able and willing to stop his naked corruption, he has zero reason to hide it. Shamelessness is his signature, after all. No, his coins were organically fed by people who believe his lies.

I dont know, I thought no child was supposed to be left behind

I guess compared to slot machines or lottery tickets (which are instant loss if not a win) if you lose initially on memecoin there is a shred of a chance it rebounds and you can make some of it back.

Maybe they see this as a "better" vice to have with excess income.

It’s rational if you cognize that being the beneficiary of a long shot scheme or gamble is the only viable path to economic security for most, given the overall trajectory of the economy. Simply plot the median wage in terms of gold or any other hard commodity (as opposed to the gamed CPI metric).

Oh come on. Yeah the law has never been applied equally. Terribly so. M

That has nothing to do with the specific thing I’m obviously saying.

> It can be both. Use the "Contributions" from "Donors" to make it appear that the coin is going to the moon and then dump it once enough credulous victims buy into the scam.

Sure, and cynically, just like in traditional casino gambling, the wipe-out could be viewed as the price of "entertainment".

If there is no class action lawsuit, then we know that the people who got wiped out thought the price was worth whatever they got for it, whether favors or fun.