So, they are NFTs?
They seem to be, if there is anything that makes them “collectible” there must be some kind of uniqueness. Unless that’s something they’re lying about (which is plausible, based on other things they are saying).
I love this BS disclaimer.
LGBcoin is not inherently political as a meme currency. As Brandon said: there’s far more that unites us as Americans, regardless of where you may vote.
What a load of shit. Your coin is basically called a “Fuck Joe Biden” coin but it’s “not inherently political”. I wouldn’t give a penny to anyone so openly dishonest. I’m not sure what else you can trust from these opportunists.
Here’s more BS, they contradict themselves multiple times.
LGBcoin ($LGB) is America’s Coin: an ERC-20 digital collectible meme coin on the Ethereum Blockchain that allows owners to digitally voice their support for America and the American dream. LGBcoin has no intrinsic value and you should not purchase it with any expectation that you will be able to resell it.
Okay, so it’s a novelty item with no actual value to it. But they say elsewhere…
$500,000 and counting…
LGBcoin believes in the American dream and is committed to providing support to causes that help our fellow Americans. We’ve already donated more than USD $500,000 of LGBcoin tokens to organizations that support veterans and those living with disabilities, provide resources and opportunities for our country’s youth, and advocate for public policy initiatives that help average Americans including Aquanauts Adaptive Scuba Programs and the Turning Point USA, Donations to Blake Masters and other candidates running for Congress. Our success is their success and LGBcoin will continue to pay it forward.
If there is no inherent value in LGB coins, then how can you donate more than $500,000 worth of them? There is no worth to them, so donating them is meaningless.
My guess is that they are using this as a scheme to funnel cash to Republican candidates. This might be done in a way to make it hard or impossible to track, getting around campaign finance laws. Nothing fishy here though.
From their website
We are a decentralized meme cryptocurrency, an ERC-20 digital collectible meme coin on the Ethereum blockchain that allows owners to voice their support for America and the American Dream. LGB coin has no intrinsic value and you should not purchase it with the expectation that you can resell it.
I don’t know if it qualifies as an NFT, mostly because I know very little about cryptocurrency stuff. But I tend to think not, because I haven’t seen anything that describes it as an NFT and I haven’t seen anything that suggests that they’re limiting the supply.
I think Ike_Witt was comparing LBGCoin to an NFT in the sense that they both are expensive, intangible, and worthless.
That is it, exactly.
They aren’t NFTs because they are inherently fungible. At thier base they follow the same structure as real Crypto currencies except they don’t have a way to mine new coins. In that way they are the same as NFTs.
Effectively the LGBT people made 300 trillion EtherRocks and started selling them on the market.
I assume that that is based on the market price at the time. GIven that the current value is about 5 million coins per dollar and that price is lower than it has been, $500K amounts to no more than 2.5 trillion coins or a less than 1% of what they created for themselves.
Of course the price is just based on the price point where sellers meet buyers, and when the market starts out with an inherent monopoly market manipulation is baked into the system.
Speaking of which I just became a paper Trillionaire while I was writing this. I just put a piece of paper in my pocket that said 10,000,000,000,000 Godot_bucks (the currency everyone’s been waiting for), and then sold my wife a piece of paper with 1 Godot_buck written on it for 30 cents. So according to the market I’m worth a cool 3 trillion bucks, hopefully no one tells the IRS.
If Qanon adherents buy LGB Tokens, are they LGBTQ?
Is it reality or is it satire?
It’s a real cryptocurrency. There are numerous trackers online showing its market value.
We are truly deep into multiverses.
Good point. The right would be sad if Manchin and Sinema ceased to matter; not even a Cameo greeting from their darling Vlad Putin himself, dressed in the flayed skins of conquered Ukrainians, could cheer them up!
I like the idea of a satirical currency. “You weren’t supposed to take it seriously!”
Unsurprisingly, we’ve already been there and done that:
On the contrary, if I were you I would very much hope the IRS recognizes your gains, by which they would automatically accept them as legitimate and as legal tender. If you pay 1 trillion $ in Godot_bucks and they take it, your remaining 2 trillion $ in Godot_bucks become real! Go ahead, try to pay the IRS with your fairy coin and get rich fast!
May I humbly request a 1% commission on your gains if successful? Much obliged.
You’re not a Nigerian ex-king or something, are you…?
And when it crashes and burns, you can write off the loss!
Do you think a Nigerian ex-king would ask for lousy 1%? I am philanthropist!
Maybe someone has just "done the math for him":
" As of this week, about 1,800 Americans a day are dying of Covid; the C.D.C. expects that number to rise above 2,600.
Virtually all are adults. If 95 percent were unvaccinated and we assume that 75 percent of those were Trump supporters, that’s 1,300 to 1,900 of his voters being subtracted from the rolls every single day .
Donald Trump lost Arizona by a mere 10,000 votes. He lost Georgia by 12,000, He lost Wisconsin by 21,000. He lost Nevada by 33,000.
Right now, about 60 Arizonans, 36 Georgians, 34 Wisconsinites and 14 Nevadans are dying of Covid each day. Seventy five percent of 95 percent of that would be minus 103 Trump voters per day — just in those four swing states. Week after week. That adds up.
Also, there is another factor in the equation. Covid is just one cause of overall mortality. While Republican state legislatures are working hard to suppress the Democratic vote, an invisible opposing hand is working against them: God’s.
The top five causes of death in this country, in order, are: heart disease, cancer, Covid, accidents and stroke. They all tend to smite the old, the obese and those who live far away from hospitals, i.e., rural red America."
When this thread started, COVID-19 deaths might have been more equally distributed, but now they’re heavily skewed towards his voters. He needs to keep the suckers alive so he can continue to fleece them through campaign contributions.
Expect a change in emphasis in upcoming Trump solicitations. We’ll see invitations to “create a patriotic legacy” and “let your bequest express your love of country”–with instructions on changing wills to leave it all to Donald.
“Stop killing yourselves! I need your votes and when I asked Georgia to count the votes of dead people they said no.”