I think Elmu bought the whole batch.
Things are going great!
Where I heard this is from the Trump website which has a big sold out sign on its front and is no longer selling them. As to whether this is a lie I think is probably a matter of semantics.
I think the idea that 44,000 of these things were sold to Trump fans at $99 a pop is most likely a lie. But as to whether they were “sold” internally to shell buyers associated with the company? most certainly. They will want to have invoices to show that they actually did what they said they were going to do and sell 44,000 of the 45,000 NFTs off the website. and it is trivially easy to make the purchases shuffling the necessary funds between Ethereum wallets, so why not “sell” them.
Trump has no idea what his actual image is, because he only ever listens to people who praise him.
The thought process wasn’t all that involved. Some guys told him they could make him a lot of money, with very little effort on his part, and it involved lots of people buying flattering images of Trump himself. That’s all you need to get a greedy, lazy narcissist on board.
Yeah, I was wondering that, too. The trustworthy-ness of the blockchain comes from the widely distributed and many-owner computing network that does the blockchain calculations. In a traditional blockchain network, the ability to get control of 51% of the servers is almost impossible. A bad actor couldn’t take over the blockchain to make their own modifications. But if the servers managing the Trump card blockchain only exist in the data centers of Trump buildings, then the network has no trust. They can make the blockchain be anything they like since they’d control the whole blockchain computing environment.
I don’t find it at all implausible that they have sold out. There are literally tens of millions of Trump supporters out there who idolize him. All it takes is for one in a thousand to buy one each and he’s sold all 45,000 images.
This is a sample size of two, but the people in the screenshot I posted above appear to be NFT fans based on other tweets, but aren’t obviously MAGA. A significant number of buyers might be people riding the NFT bandwagon who don’t care about Trump one way or the other.
In their mind, maybe these become the next Bored Ape* and you net $100K. If not, you’re out $99 - small potatoes in the speculative NFT market.
*Spoiler - these won’t become the next Bored Ape.
I never understood NFT’s and that is what these are? You get a jpeg. Can’t I get a jpeg of a picture anywhere?
You don’t even get a jpeg. You get a URL that points to a jpeg, not the jpeg itself.
Which blockchain these are on is answered in the website FAQ.
Me, either, not unless they offer him way more than $99.
If I’d had any interest in them I’d have bought one or two when they were announced and I’m not exactly rolling in dough. Look at all the collector’s edition plates, prints and similar objects out there that marks buy up with the expectation hope of selling it later at a profit. Couple that FOMO with the hero worship he elicits and it’s no surprise they sold out quickly.
So non-Trumpy people have seen records in the blockchain which correspond to these NFTs?
The Germans have a word for it:
nutzenschotz - n. the combination of satisfaction and empathic pain one feels when watching an enemy get punched in the groin.
With this target market, a sawbuck will cover that.
I suspect that the real intent of this is the 10% cut, and that a few of these NTFs will soon go for big money. Super PAC A will sell their NTF to Super PAC B for say, a billion dollars. A month later Super PAC B sells it back to Super PAC A for a billion dollars. No, they are not making illegal campaign contributions, they just really like Trump in a cowboy hat and chaps, and if they have to incur a 10% fee to get it, well, just look at those chaps! Worth every penny.
Just a guess, though it may be that they may be able to donate that much anyway legally.
It’s also important to remember, especially with regards to the secondary market, that although each NFT initially cost $99, some are worth way more than others.
You might get 1 of 20 identical images of Trump in a suit and MAGA hat making a thumbs up gesture in front of a blue background or you might get a one of a kind gold tinted image of Trump riding an elephant. The latter is going to be worth way more than the former.
According to the analysis on the Open Sea trading platform, there are 72 one of a kind images. Those would be worth way more than most of the other images. If Trump was able to control who got the good ones, if he sold his cronies the ones that could be immediately flipped for 10x their cost, while the rubes are stuck with their lame cards they can barely break even on, that’s some unjust enrichment right there.
Oh, so it’s like buying a pack of Pokemon cards. Just these are Pudgyman cards…
I’ve heard them referred to as Brokeman cards
This has all the hallmarks of a classic pump n dump scheme:
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Investment offering; 45,000 “cards” at $99 each
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Insiders buy the IPO quickly, showing “there is great interest”
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Insiders trade amongst each other raising the price (SCARCITY!)
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Meanwhile, suckers start to buy in at inflated prices. Insiders continue to trade with each other, pumping the price.
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Insiders sell off all their “cards” to the suckers, at peak prices, and eventually abandon the investment altogether (the dump)
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Worthless investment collapses with nobody left to pump the price, and the suckers are left with nothing.
Not nothing.
They get a url that used to point to a non-downloadable picture of Der Gropenfuhrer before the website was shut down for non-payment of hosting fees.