More like your neighour’s incontinent old dog has been let loose and although most of the crap will end up on their lawn, some of it is definitely going to splash over yours. Oh and the dog is orange. Obviously.
Can you buy TrumpCoin with BitCoin?
I don’t know how this works.
Last time around, we aimed the retaliatory tariffs at US exports that would hurt Trump supporters, but weren’t really needed by Canadians. Like we really don’t need to drink Jack Daniels, for example.
I imagine we’ll start with similar tariffs this time as well, hoping that the US comes to its senses before we really burn things down.
That’s the part I don’t understand. Can they just “create” these coins out of nothing?
With the original BitCoins, there was this thing where you had to “mine” the coins by doing some kind of fancy calculations, and anyone willing to invest in enough computing power could mine coins, and make a profit that way. And that mining seemed to take a significant amount of time and energy.
But now, they just “announce” a new coin, and oh, by the way, we already have a few billion of them lying around. Where did they come from? What are people buying? Did someone spend a few years mining their own coins in hopes of finding someone like Trump to brand their coins for sale? How does any of this work?!?
Glad it’s not just me
I don’t understand either, Is this just the digital equivalent of “printing greenbacks” in your basement?
That’s what the original bitcoin seemed like. “I did these calculations so now someone owes me money” didn’t make much sense to me, but at least I understood what they were doing. This new stuff? Can I just declare a new coin and start selling them? I’ve got 10 quadrillion HorCoins, who wants one?
AFAIK, yes.
From a global warming standpoint, it sounds a lot better than bitcoin.
I hope no one here would buy, but, if there is a lurking Trumper, read the warning label first:
New York Department of Financial Services Consumer Alert
Trump’s “associates” are his supporters AKA marks who are currently buying. Then the creator AKA Trump Organization will sell their own coins, rapidly or otherwise, at an inflated price that will go down due to additional coins being dumped. I do not think this is a secret, but rather the mainstream explanation.
See, that’s where HorCoins are the superior investment. Our initial price will be one cent per coin, so there’s nowhere to go but up! Buy now, there’s only a quadrillion of them available!
These are exactly the same as those commemorative spoons you can buy in the gift shop at Mount Rushmore, for example, with the notable difference that these do not in any way have any kind of objective or physical existence. They are pure grift.
Yes, initial coins can be created out of nothing. You just put out a first block of the chain assigning a certain number of memecoins to a particular wallet or wallets (owned by the coin creators). Note that bitcoin started with some of its coins owned by a wallet (presumably accessible to Satoshi Nakamoto) - they have yet to be used in a bitcoin transaction, last I heard.
Getting coins by mining is the way to incentivize participants to do the calculations that maintain the integrity of the blockchain. They get a (probabalistic) chance to get coins by doing those hash calculations.
Probably should revive a bitcoin thread to go over any more of this in greater detail.
WHAT??? 
Say it isn’t so! Who would do that to us poor folk tryin’ to get by?
You mean there are bad’uns out there?
The Germans are now internally discussing the aspects of the compendium of horrors that are of specific interest to them.
I agree it is a grift. One difference is that Trump says, perhaps truthfully, that only 1 billion coins can be issued, of which 80 percent are reserved to businesses he controls. The Mt. Rushmore shop can order an unlimited number of spoons.
Reading a few articles on this, it seems that $Melania only reserved 35 percent to her company, which appears not to be the same as his company. You can also see from my links that that the $Trump and $Melania web sites are a lot different. Could it be that she is real-life competing with her husband by only charging 35 percent to his 80 percent. What a bargain! Less than half the grift!
What does Germany know about giving too much power to one individual?
In Trump’s case, economics has nothing to do with what he’s talking about, and “target” has everything to do with it. He’s interested in power and “winning”. He sees every nation as a competitor, and it’s not possible for a win-win solution to anything, just winners and losers.
Imagine if we looked at our everyday lives the same way. I have a trade deficit with Wal-Mart. I buy more from them than they buy from me. So, I really need to do something to hurt them. It’s that kind of thinking that Trump has all the time.
Let’s hope that cooler heads within his administration will talk him out of worst-case type thinking. But there aren’t any cooler heads this time around. The people he’s surrounding himself with are as crazy as he is, if not moreso.
I solve that problem by having a trade deficit with my employer - they pay me way more than I’ve ever paid them.
No, you have a trade surplus. You sell them your service, and they pay you for it. Using Trump’s logic, your employer should be extremely angry about this.
If you look at all the “no one wants to work anymore!” rants, this is actually pretty accurate. A whole lot of employers are incensed at the notion that they might have to pay people more to get employees.
I was thinking of the physical damage more than the stinking annoyance. Ukraine has to be on tenterhooks about now and the world economy in general is holding its collective breath.
At least with tulip mania you had to grow the damn bulb.