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Trump family gets 75% of crypto coin revenue, has no liability, new document reveals (www.cnbc.com)

submitted 3 weeks ago by vegeta@lemmy.world to c/technology@lemmy.world

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[–] ilinamorato@lemmy.world 1 points 3 weeks ago (1 children)

No, when beanie babies were new you could play with them. When basketball cards were new you could trade them with your friends. They had inherent value first, and then they gained speculative value on the secondary market. Trump's grift has no inherent value now or ever.

[–] desktop_user@lemmy.blahaj.zone -3 points 3 weeks ago (1 children)

you can trade nfts with others, and they don't need to have significant value.

[–] ilinamorato@lemmy.world 2 points 3 weeks ago

No, you can't. You can pretend to, but I can pretend to trade things with anyone without paying any money. The only thing stored on the Blockchain is a URL to an image which everyone just agrees to pretend that you own; if that server goes down, you have nothing.