Official Trump Coin: How Did We Get Here?

First and foremost, the unregulated nature of cryptocurrency means that market manipulation schemes, like pumps & dumps, irresponsible hyping, viral campaigns and so on are extremely rampant, and huge bursts of noise are added to prices on a regular basis.

By contrast, in the crypto space, some of the most famous examples of collective economic organization have formed for the memes, or as exercises in commodification and speculation. Examples like PleasrDAO fractionalizing the Doge meme, or ConstitutionDAO raising upwards of $40 million to buy a copy of the U.S. Constitution, have value in that they... See more

With an aggressive rollout on the calendar, we’ll soon see whether crypto can break into the mainstream—particularly if Worldcoin can prove that cryptography means privacy and convenience.

Crypto exchanges and token creators who wanted to sell to Americans insisted that these tokens weren’t securities but more like, say, Starbucks Rewards points. As FTX was incorporated in Antigua, operated in Hong Kong, and in principle did not allow American investors to trade on its crypto exchange, and in principle did not sell its tokens to Amer

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