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58 points

Money laundering. That’s what this is.

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33 points
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It’s not money laundering to sell dumb shit to idiots, like coins to magas, or bathwater to thirsty teenagers, or dogecoin to me

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31 points

I have no clue if there’s indeed any proof for such a claim, but the theory that I read elsewhere is that it’s a way to obfuscate money flows.

If a foreign nation (Russia, China, North Korea, whoever) would like to engage in the election, they can’t just donate to the campaign officially. But instead, they could buy a couple thousands of these coins in smaller transactions.

TBH I’m rather with you. I think the majority of these coins is just bought by some MAGAs. For foreign nations there’d be probably more efficient ways to transfer money like shares etc.

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3 points

Pretty much exactly this.

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8 points

It is if someone from outside the US, who can’t legally donate to Trump’s campaign, buys 100 of these.

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3 points
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It certainly is if most of the dumb shit is bought by foreign powers as a way to fund a campaign. See also bibles, nfts, sneakers.

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1 point
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You would be gravy, but it would be easy to shovel millions of oligarch money into his organization which will lose it by buying the oligarch’s overpriced services.

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4 points

How?

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6 points

Foreign investor buy dozens of these coins. People that probably shouldn’t be “donating” to American politicians cuz they want something in return.

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2 points

Ah, I don’t think this is money laundering. Most politicians do this but with books. I guess a book was too much work for old don.

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2 points

It’s mostly a wealth transfer from dumbasses to a criminal grifter.

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