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Topic: Donald Trump Jr. Teases ‘Huge’ Crypto News—Says Defi ‘Is the Future’ (Read 404 times)

legendary
Activity: 2282
Merit: 3014
Donny boy Jr is even dumber than his father (before attacking me for my political views, I think Kamala is a dumb dumb too..actually I think 99% of US politicians are for that matter).  This is clearly yet another attempt to garner votes, just like Trumps visit to the Nashville conference where he read off a prompter really saying a whole lot of nothing, just as many expected.   It's vote pandering season.

For the record, most of DeFi, if not nearly all of it, is a scam or completely unstable and to say this is just laughable.  I wish we knew if he truly believed this or not, but he sucks his old man's rod harder that Stormy Daniels did, so he'll say anything to try and flip an undecided vote. 
sr. member
Activity: 1190
Merit: 469

There's not much specific information yet as to what it really offers, but it is said to cater the unbanked, the debanked, and those who don't have access to financial services.

are they living in a cave or maybe homeless. nevertheless whatever the case is with them, nothing in crypto is going to be able to help someone like that. they probably dont even have a phone. who is going to pay their bill?



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But Eric Trump also hinted that it involves "digital real estate".
that sounds like decentraland. eric trump is quite late to the party.
legendary
Activity: 2576
Merit: 1860
Nobody has heard of the The DeFiant Ones yet?

So here's finally the crypto project of the Trump family. Again, it's about DeFi. Of course, as with the rest of DeFi projects, it is anything but decentralized.

There's not much specific information yet as to what it really offers, but it is said to cater the unbanked, the debanked, and those who don't have access to financial services. With this new "technology they could have the ability to almost instantaneously be approved or denied from a lender based on math, not policy. Money could be in their account in minutes, not months.”[1] But Eric Trump also hinted that it involves "digital real estate".

While the strategy is so familiar with the populist Trump, it remains ironic for a former president, an influential multi-billionaire, a financial elite who has made the most of the status quo to act as a leader of those who are deprived access to financial tools and services. Apparently, the Trump family belongs to the oppressor rather than the oppressed.


[1] https://www.theverge.com/2024/8/22/24226184/trump-defiant-ones-cryptocurrency-platform
sr. member
Activity: 1190
Merit: 469
@larry_vw_1955. Here are the facts on the allegations that Ross' hired people to murder Curtis Green who was an administrator of the the Silk Road.

It is very headshaking what the government has done to Ross because they wanted him to be a first example on what might happen to you if you participate in the darknet. This case was not a case for justice. This case was a case to create fear.

However, yes, you can have your opinion.



Unproven, unprosecuted allegations of planning murder-for-hire that never actually occurred were used to deny Ross bail, smear him in the media, and justify the draconian sentence he received. Ross was never tried for or found guilty of these allegations, which were officially dismissed later in 2018. The only alleged “victim” ever identified is a fervent supporter of Ross’s clemency.

After Ross was arrested in San Francisco in 2013, he was sent to NYC for prosecution. At his bail hearing in NYC, prosecutors alleged that Ross planned murder-for-hire on six people he had never met and claimed that he was too dangerous to be granted bail.

Yet, when Ross was indicted a few months later in early 2014, the allegations were absent from the indictment.[2] Later, when Ross’s trial took place in NYC in early 2015, the murder-for-hire allegations were still absent from his charges. The NYC prosecution never charged Ross for murder-for-hire and all his charges at trial were non-violent.


Read in full https://freeross.org/false-allegations/


He was convicted by a jury, not by just a judge. A jury of his peers. So I'm going to have to agree with his sentence and the verdict. When you get convicted by a jury, they more often get it right than wrong. And these things are VERY serious the things he got convicted for. Any single one of them could lock someone up for 25 years and rightfully so. If he's guilty of any of them then his sentence is just, in my opinion. But other people can have their own views. Thanks.

In October 2013, the Federal Bureau of Investigation (FBI) arrested Ulbricht and took Silk Road offline. In 2015, he was convicted of engaging in a continuing criminal enterprise, distributing narcotics, distributing narcotics by means of the internet, conspiracy to distribute narcotics, conspiracy to commit money laundering, conspiracy to traffic fraudulent identity documents and conspiracy to commit computer hacking.[7][8] He was sentenced to life in prison without the possibility of parole. Ulbricht's appeals to the U.S. Court of Appeals for the Second Circuit in 2017 and the U.S. Supreme Court in 2018 were unsuccessful.[9][10][11] He is incarcerated at the United States Penitentiary in Tucson.[12]

sr. member
Activity: 2380
Merit: 366
This is an announcement of an announcement. It may seem big but it's only because it is coming from a Donald Trump. But I am expecting of something that is not a big deal, something that does not contribute to the promotion or adoption of a decentralized currency.

If this is not a useless meme coin or a new set of useless NFTs, this might just be another centralized project offering staking, lending, and other kinds of investments. In other words, this is just another potential scam, rug pull scheme, centralized way to take people's money only to declare bankruptcy in the end.
legendary
Activity: 3122
Merit: 1492
@larry_vw_1955. Here are the facts on the allegations that Ross' hired people to murder Curtis Green who was an administrator of the the Silk Road.

It is very headshaking what the government has done to Ross because they wanted him to be a first example on what might happen to you if you participate in the darknet. This case was not a case for justice. This case was a case to create fear.

However, yes, you can have your opinion.



Unproven, unprosecuted allegations of planning murder-for-hire that never actually occurred were used to deny Ross bail, smear him in the media, and justify the draconian sentence he received. Ross was never tried for or found guilty of these allegations, which were officially dismissed later in 2018. The only alleged “victim” ever identified is a fervent supporter of Ross’s clemency.

After Ross was arrested in San Francisco in 2013, he was sent to NYC for prosecution. At his bail hearing in NYC, prosecutors alleged that Ross planned murder-for-hire on six people he had never met and claimed that he was too dangerous to be granted bail.

Yet, when Ross was indicted a few months later in early 2014, the allegations were absent from the indictment.[2] Later, when Ross’s trial took place in NYC in early 2015, the murder-for-hire allegations were still absent from his charges. The NYC prosecution never charged Ross for murder-for-hire and all his charges at trial were non-violent.


Read in full https://freeross.org/false-allegations/
sr. member
Activity: 1190
Merit: 469


Why are you using that as an argument? I am not arguing that Trump is not manipulating the bitcoin community to vote for him. I am arguing that how the case against Ross Ulbricht was handled was unfair. He deserves prison time similar to what I have mentioned already, however, I reckon he does not deserve a double life sentence.
he deserves life in prison. that's why the sentence was upheld. a president shouldn't have the power to just nullify that. but there are some things that are screwed up about our justice system and that is one of them - the presidential pardon.

Federal prosecutors alleged that Ulbricht had paid $730,000 in murder-for-hire deals targeting at least five people,[33] allegedly because they threatened to reveal the Silk Road enterprise.[42][43] Prosecutors believe no contracted killing actually occurred.[33] Ulbricht was not charged in his trial in New York federal court with murder for hire[33][44] but evidence was introduced at trial supporting the allegations.[33][45] The district court found by a preponderance of the evidence that Ulbricht did commission the murders.[46] The evidence that Ulbricht had commissioned murders was considered by the judge in sentencing Ulbricht to life and was a factor in the Second Circuit's decision to uphold the sentence.[45]

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



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In any case, if Trump will keep his promise after he wins the presidency and commutes Ross' sentence, this will certainly be good for Ross' family.
hopefully that never happens. I'm definitely against him being let out.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
I'm still waiting. Waiting to find out what exactly "decentralized finance" is because the only things i have ever seen were all scams.


Which ever way US campaign PR is going, I still don't like the fact that politicians has now find a way to manipulate Bitcoin holders and influencers. I still miss the days where Bitcoin is strictly discussed and no government affiliation or whatsoever but look at how everyone is acting foolishly about Trump doing this and doing that. In fact, I want him to win US election so many people that are bullish around him can cry all they want for abandoning Bitcoin.

His team PR crypto related are very smart, there were some NFTs Trump minted on Ethereum some months back, I really want to see his campaign teams reply people what they did with those ether collected because all those NFTs sold are now worthless on opensea with no interest from buyers. Kamala and Trump can go play with other things and stop plying with Bitcoin.  Undecided
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
I very much agree on your item no.5. The skeptical me thinks that the purpose of this is to discourage people from using their cryptocoins as a medium of exchange. On your item no.6, I agree that he should do the time in prison, however, I cannot agree that a double life sentence is a fair punishment for him especially with some information in his case being very questionable. I am not a judge, however, 20 years for him might be enough, I reckon.
I think most crypto transactions are from trading, hence they file a tax for it so that they can earn better than the other way around, plus I think it works like this even on the past and people seem to be used to this law already. We can't do much about it even though I and others also love your guy's suggestion there. You're not sceptical (do not worry) because even me, that is also what I think about. I don't know if you already heard that the increase in price of Tobacco products and it being accounted for a higher tax pay is also a way to help many people stay away from it?

The only difference is that cryptos are only a currency and Tobacco products can be damaging to one's health. Not that I'm with them but I think they are only doing that because they also want to earn an income and this income can still go in the development of the economy.

We can also think of it as a fee for them on regulating the entire crypto space. You know, when there are regulations, it can help combat the criminal acts happening around. On number 6, a very questionable info says it ; that he should get more punishment and it should scare others who are also planning to do a crime.
legendary
Activity: 3122
Merit: 1492


I very much agree on your item no.5. The skeptical me thinks that the purpose of this is to discourage people from using their cryptocoins as a medium of exchange. On your item no.6, I agree that he should do the time in prison, however, I cannot agree that a double life sentence is a fair punishment for him especially with some information in his case being very questionable. I am not a judge, however, 20 years for him might be enough, I reckon.

trump tried to use Ross Ulbricht as a bargaining chip to get people to vote for him.

“And if you vote for me, on Day One, I will commute the sentence of Ross Ulbricht,” the former president said, generating cheers from the audience, moments after mentioning his plans to pardon supporters who stormed the Capitol on Jan. 6, 2021.
https://www.politico.com/news/2024/05/25/trump-commute-ross-ulbricht-sentence-libertarian-convention-00160025

if he really cared about Ross Ulbricht, he could have pardoned him during his first term as president.

Why are you using that as an argument? I am not arguing that Trump is not manipulating the bitcoin community to vote for him. I am arguing that how the case against Ross Ulbricht was handled was unfair. He deserves prison time similar to what I have mentioned already, however, I reckon he does not deserve a double life sentence.

In any case, if Trump will keep his promise after he wins the presidency and commutes Ross' sentence, this will certainly be good for Ross' family.
legendary
Activity: 2576
Merit: 1860
I'm a bit confused. What's wrong with people? The man hinted that "Decentralized finance is the future" and people were expecting a new meme coin? A meme coin is none of the keywords mentioned.
People are asking for what they want to see and are giving Trump the direction to go. I won't be surprised if they create a meme coin or something similar.

Which further proves that Trump isn't actually the man some in the Bitcoin community want to portray. He isn't a sincere supporter of Bitcoin. He doesn't actually care about the fundamental philosophy of Bitcoin. What he cares about is money and the votes of the people.

What has Trump released so far? Trump trading cards, Trump Bitcoin-themed sneakers, and the like. It isn't entirely unexpected that a meme coin might follow or some fake DeFi creation. All of this, however, reflects their insincerity toward Bitcoin. It doesn't matter whether this would come from the younger Trump or the father. They're the same.
sr. member
Activity: 1190
Merit: 469


I very much agree on your item no.5. The skeptical me thinks that the purpose of this is to discourage people from using their cryptocoins as a medium of exchange. On your item no.6, I agree that he should do the time in prison, however, I cannot agree that a double life sentence is a fair punishment for him especially with some information in his case being very questionable. I am not a judge, however, 20 years for him might be enough, I reckon.

trump tried to use Ross Ulbricht as a bargaining chip to get people to vote for him.

“And if you vote for me, on Day One, I will commute the sentence of Ross Ulbricht,” the former president said, generating cheers from the audience, moments after mentioning his plans to pardon supporters who stormed the Capitol on Jan. 6, 2021.
https://www.politico.com/news/2024/05/25/trump-commute-ross-ulbricht-sentence-libertarian-convention-00160025

if he really cared about Ross Ulbricht, he could have pardoned him during his first term as president.
legendary
Activity: 3122
Merit: 1492


You're talking about Trump here. OF COURSE it's going to be a scam. Everything he and his family does is based on scamming people.

just like his stock DJT I think that thing is a scam. what value does that company offer anyone?

hopefully he loses the election and that's the last we hear of the trump family in politics.

I have been mentioning this many times in the forum already. These politicians will only be witnessed as serious on being procrypto if they do these 4 items if a candidate either Trump or Harris wins the presidency.

1. They will stop their cases against Uniswap and Coinbase.
2. The SEC will create clear guidelines in what is an illegal security and what is a commodity.
3. They create new KYC rules because their old rules have been difficult for the people in the cryptospace.
4. They will stop treating the Tornado Cash founders and other developers of privacy software very much like criminals.



#5. Stop making people pay capital gains on their crypto transactions unless it involves a conversion to fiat.
#6. Don't let Ross Ulbricht out of jail. Ross knew what he was doing if you can't do the time then don't do the crime...


I very much agree on your item no.5. The skeptical me thinks that the purpose of this is to discourage people from using their cryptocoins as a medium of exchange. On your item no.6, I agree that he should do the time in prison, however, I cannot agree that a double life sentence is a fair punishment for him especially with some information in his case being very questionable. I am not a judge, however, 20 years for him might be enough, I reckon.
legendary
Activity: 2254
Merit: 2406
Playgram - The Telegram Casino
I was sincerely hoping this whole conversations around Trump, Bitcoin and the elections will be over by November, but with the current state of things it's looking to go further than that.

I'm not sure Trump himself expected the whole uproar he is causing in the crypto space and now he's pondering what to do with all that whichever way the elections go.

I'm a bit confused. What's wrong with people? The man hinted that "Decentralized finance is the future" and people were expecting a new meme coin? A meme coin is none of the keywords mentioned.
People are asking for what they want to see and are giving Trump the direction to go. I won't be surprised if they create a meme coin or something similar.
legendary
Activity: 2212
Merit: 7064
I just watched a video with Trump's son talking about some new platform for tokens...   Roll Eyes
Here we go, we are going full scammer circle all over again, he was accepting bitcoin donations than he was selling stupid Trump bitcoin sneakers, now his family are going to dump tokens on everyone.
I am not surprised anymore, if people can buy a story about his ear piercing...than they can buy anything  Tongue
https://www.zerohedge.com/crypto/donald-trump-jr-launching-crypto-platform-take-banks
hero member
Activity: 1064
Merit: 501
Donald Trump Jr., the eldest child of the former 45th president, took to social media on Wednesday to declare that decentralized finance (defi) represents the future of the financial world. “We’re about to shake up the crypto world with something HUGE,” Trump Jr. announced on X, emphasizing, “Decentralized finance is the future—don’t get left behind.” His post sparked speculation among many who anticipated an announcement related to cryptocurrency, perhaps even a new meme coin.

https://news.bitcoin.com/donald-trump-jr-teases-huge-crypto-news-says-defi-is-the-future/


I'm still waiting. Waiting to find out what exactly "decentralized finance" is because the only things i have ever seen were all scams.
At times like this, when the bull run is around the corner, that's when you will see well-known personalities or politicians trying to lure investors into investing in a project they have so many financial gains on. You don't see a politician or any influential being promoting a coin, without any hiding agenda to it, financial gains.

I think this is another way for Donald Trump Jr. to use the given opportunity of his dad contesting for USA president and supporting Bitcoin as an advantage presented for itself to launch his memecoin to that. He will easily have many investors in the crypto space who would like to invest because of how his father, "Trump," is supporting Bitcoin of late. It is most likely that if he launches a memecoin, it will soar and attract many investors as his father would soon be the president of America. This is what I think, should be Trump Jr thought on the soon-to-be-launch memecoin
hero member
Activity: 910
Merit: 680
Wait, why the price of DEFI didn't pump? I thought it will pump considering there are a lot people really taking serious with their "role model", just like people who said Trump make Bitcoin pump. Regardless there's a difference in terms of interpretation, but people are only taking care with those "buzzwords".

DEFI and MEME, both of them are completely different.

legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
This is the peak, now Trump Jr. is an important person in the crypto ecosystem. Why should a meme coin that these cunts completely control be significant at all?

Is there somewhere a statement from Trump's driver, what he says, whether he supports Defi, it is very important.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Barron Trump was allegedly behind the DJT memecoin on Solana that he launched, along with convicted fraudster Martin Shkreli. Donald Jr. has also been promoting the MAGAA memecoin. He’s been on their Twitter Spaces and was a special guest at their Nashville event where they charged thousands of dollars per ticket. Trump and his family only feign interest in crypto so they can enrich themselves by hawking NFTs and memecoins.

So basically the so called “Trump supporting crypto if he becomes president” is mainly about meme and coins that they can profit from?

I haven’t really done much studies on his proposal - but I did saw different headlines and several social media posts talking about Trump being a man that will support crypto (which I initially thought would favour the bitcoin community which in turn would favour Privacy). But with what I’ve seen so far in this thread I am starting to think all that was just a ploy for the presidency race.

We will never know whether he is truly pro-crypto until this election is over, it is too hasty to draw conclusions at this point.

I can only confirm one thing to you, the fact that he is selling NFTs is real. Regarding the allegations of memecoins like DJT or MAGAA, the community only suspects and makes a few theories, but no one has specific evidence to prove they are related to Barron Trump. According to the news OP received, a memecoin will be released, but as far as I know, this project is called “Trump” but is a defi platform.

The nature of politicians is cunning, willing to do anything just to achieve their goals, Trump or Harris are no exceptions. We should not rely too much on them or trust them too much.


https://x.com/EricTrump/status/1821606504061116542
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
I find it hilarious seeing some people thinking that crap like this is a big deal knowing fully well how stupid most Trump family members are. Wonder how y'all would react if one of them stated that he/she was Satoshi Nakamoto.

It's pretty damn clear that Trump and his family of fools are leaving no stone unturned to try and help him retain the presidency which includes pledging fake support towards the crypto world.
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