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#PonziScheme

2 posts1 participant0 posts today
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MugsysRapSheet 🔩🐑🐘

@jenzi @Sibshops @theintercept
Cite a "need" or "value" of having yet another "digital currency" if not for the ability to hide the owner.

I can already send money electronically using a simple bank transfer. I can buy almost anything anywhere on the planet using a Credit/Debit card.

#Crypto has just TWO added features: The ability to create "money" out of thin air via "mining", and the ability to hide the identity of the owner.

#Bitcoin isn't a currency. It's a COMMODITY (and #PonziScheme.)

Public
Miguel Afonso Caetano

"El comunicado no puede ser más explícito en su intención. Ordena a la Unidad de Integridad del Mercado y Grandes Fraudes “dejar de controlar las criptomonedas”. También instruye a los fiscales del estado a “no presentar cargos por violaciones de la regulación en casos que involucren activos digitales”. No podrán investigar ni perseguir delitos como transferencias de dinero no autorizadas, ofertas de valores no registradas, operaciones de corredores y agentes de Bolsa no registrados y cualquier infracción de los requisitos de registro bajo las leyes de Valores Bursátiles, Productos de Inversión o de Secreto Bancario. Libera a las cripto de reportar cualquier incidencia vinculada con crímenes financieros típicos de la industria, como el lavado de dinero o la financiación ilegal, a menos que sepan “concretamente” que el acusado “ha violado conscientemente y de manera deliberada un requisito específico”.

Las razones parecen obvias. La industria de las criptomonedas recaudó más de 200 millones de dólares para Trump en 2024. A cambio, Trump ha sido muy generoso con el sector. Una de las primeras órdenes ejecutivas del presidente fue la creación de una reserva federal de Bitcoin y otras criptomonedas emitidas por algunos de sus principales donantes. De momento, ha usado reservas que Justicia y las agencias federales han confiscado en sus operaciones contra cibercriminales, pero ahora amenaza con usar las reservas de oro federales para engordar las de Bitcoin."

elpais.com/opinion/2025-04-10/

El País · Criptos sin ley: el plan de TrumpEl sueño de un sistema monetario digital fuera del control de los bancos centrales está a punto de cumplirse. Muy conveniente si quieres operar con grandes cantidades de dinero de forma clandestina durante una recesión
#USA#Trump#Crypto
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MugsysRapSheet 🔩🐑🐘

DAYUM! I predicted it would take AT LEAST a year for #DonTheCon to try to turn the #Crypto scam into a National Currency (from which he and #Musk would turn themselves into instant mega-billionaires.)

It didn't even take 44 DAYS! 😞

(REMINDER: This is right after Musk blasted #SocialSecurity as a "#PonziScheme.")
msnbc.com/rachel-maddow/watch/

MSNBC · 'Old-fashioned, simple scam': Trump hypes 'strategic crypto reserve'By MSNBC
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Six Grandfathers Mountain

@mvario
RE
#BernieSanders #FeeltheBern

“Well over 99% of #SocialSecurity checks are going out to people who earned those checks – 70 million people"

Well....there isn't much after 99%, except 1%. We get it, nobody should have their SS payback lowered, nobody

#Trump and #Project2025 want to make us feel, that SS is a #ponzischeme and will run out of money

But, it will not, IF the law is edited to make everyone put something into it, esp. the over $400k a year folks

I'm not typically in the habit of thanking Elon Musk, but he's done an exceptional job of demonstrating what we have been saying for years, that is, we live in an oligarchic society in which billionaires dominate our politics, the info we consume and our government and our economic lives (paraphrased) (Bernie Sanders Feb 12 2025)
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Miguel Afonso Caetano

"Donald Trump’s supporters have lost more than $12bn (£9.5bn) in a month after the value of the president’s cryptocurrency collapsed.

$Trump, a so-called “meme coin” unveiled on Jan 17, three days before Mr Trump’s inauguration, has lost more than 80pc of its value since its peak on Jan 19.

This has led to its overall worth falling from a peak of $15bn to $2.7bn on Thursday, as it suffered amid a wider crypto rout.
The paper value of the coins owned by Mr Trump himself has also fallen by $50bn.

While Mr Trump’s own losses have not been crystallised, investors are on the hook after spending heavily to back the Trump coin in the run-up to his inauguration, partly as a show of support but also as a gamble that the token would rise in value."

telegraph.co.uk/business/2025/

The Telegraph · Trump supporters lose $12bn as president’s cryptocurrency coin collapsesBy James Titcomb
#Crypto#Cryptocurrencies#Trump
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