- They can continue claiming their all-knowing leader is an "expert" in everything under the sun. But this means he was an insider! And therefore, he committed a crime.
Or,
- They can claim he was duped in the silliest way possible. I mean, $LIBRA had every possible red flag and anyone with half a brain could tell it was a meme coin. So, that must mean Milei is not as intelligent as his closest followers claim.
Also, he, the president of Argentina, claimed he promoted the meme coin because "he wasn't aware of the details". If he wasn't aware of the details, why did he promote it? Will he also promote random miracle cures? Or only if -- as some people are already claiming -- some money is passed under the table?
lmao, where is the great take?
Regardless of whether this was marketed as as memecoin or a "financial instrument to help finance small Argentinan enterprises" they are fundamentally the same thing - a fucking scam. This is equivocal to the amount of effort you would put in to polishing a turd - it doesn't matter as the end result is exactly the same.
What makes it worse is that you'd expect that the Incumbent President of the free world to be held to a higher standard. Not only that, but one of the co-creators of Libra coin has revealed that insiders were able to buy into $TRUMP at $500m at a "special access" private dinner in DC, before it went public. He also reveals he was involved in Melania coin too.
You lack the gift of nuance, your axiom is crypto=bad, so you are not seeing any difference between what the coin was technically and how it was sold, and that very difference is the basis of fraud.
A "financial instrument to help finance small Argentinan enterprises" would be a completely legitimate enterprise, it implies that whatever money is deposit will go towards that purpose.
I heard the trump thing and it's hearsay for now. They are two different cases, Trump didn't suggest it was an actual investment vehicle, also he did it out of office.
No, I lack patience for obvious bullshit, and to even attempt to defend such an obvious grift is genuinely pathetic.
> Trump didn't suggest it was an actual investment vehicle, also he did it out of office.
Let me paraphrase: "Trump said it was a scam up-front, so therefore he's absolved of any responsibility for it being a scam. Trump announced his scam three days before his SECOND inauguration, therefore there is no conflict of interest or abuse of power."
Regarding 3 it seems clear to me that he was not an insider, but he was scammed into spending his political capital and reputation.
As a whole, it's classic cargo cult situation,imitating what a more powerful country is doing without understanding the nuances.