this post was submitted on 18 Oct 2024
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[–] EndOfLine@lemm.ee 25 points 10 hours ago (2 children)

WLFI has a current value of $0.0000000000034 USD.

That's about 3 billion WLFI for 1 penny. What a deal!

[–] JohnEdwa@sopuli.xyz 13 points 10 hours ago

According to this article, they "sold 846.63 million tokens valued at $12.7 million" on the first day, leaving "19.1 billion coins worth $287 million unsold".
At the current price, $12.7 million USD would require 65,376,030 Trillion WLFI, so to get the money back you just have to own 3.2 billion times more WLFI tokens that exist.

[–] sugar_in_your_tea@sh.itjust.works 12 points 10 hours ago (1 children)

Sounds like a penny stock, I should dump my life savings into it, right?

[–] Dozzi92@lemmy.world 4 points 8 hours ago

Hey, I made a bunch off a penny stock once time. Ignore that I've invested in penny stocks more than once.

[–] don@lemm.ee 32 points 11 hours ago* (last edited 11 hours ago) (2 children)

Huh. From what I’ve searched, WLFI comes with its own warning on coingecko, a site that supposedly tracks various cryptocurrencies.

According to GoPlus, this is a proxy contract. The contract owner can make code changes to the token contract including but not limited to disabling sells, changing fees, minting, transferring tokens etc. Exercise caution.

No active trades are found for this coin.

Emphasis mine.

[–] TeamBrett@lemmy.world 4 points 9 hours ago (1 children)

If it wasn't such a pithy amount that they sold I would accuse them if it, but this would be a great avenue to accept donations from foreign or nefarious actors.

[–] don@lemm.ee 1 points 8 hours ago

I could also see that, given the total absence of liability on Trump’s part, even those foreign and nefarious actors might steer clear of it, if they realize that they, too, might be getting scammed, with no recourse at all to recover their investment.

Something like is very likely designed primarily to con easily conned conservatives out of their money, though the vehicle for foreign and bad actors also exists.

[–] sugar_in_your_tea@sh.itjust.works 3 points 10 hours ago (1 children)

Hmm, this all checks out. Now I just need to figure out how to trade my house for WLFI.

[–] don@lemm.ee 3 points 10 hours ago (2 children)

Trading your house for a bunch of those $100k watches of good might be a better deal, because at least you’ll be able to hold actual physical excrement in your own hands. With that crypto thing, you just get watch your money vanish on a screen.

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[–] Yerbouti@sh.itjust.works 35 points 12 hours ago (1 children)

Immigrants are eating dogs. Buy my trading cards, I'm a Cowboy GI Joe, it's going to be worth a looooot of money!!!!! Also Kambalula NEVER WORKED AT McDoNALdS but look at these pics of Taylor Swift she loves me but fuck that overrated bitch. They gave me an award once for being the most honest person on earth but covid is a democrat scam, now buy my steaks and bitcoin, I'm the least racist person in the world even the lazy mexicans and black bitches say it but women think I'm the most sexy business man they all want me to grab them by the pussy but I wouldn't rape the ugly ones. Send donations liberals are giving abortion to trans communist. 50% of the country will vote for me anyway, lol.

[–] ArtVandelay@lemmy.world 5 points 9 hours ago

I started reading it as Trump, but it quickly devolved into redneck hillbilly, and honestly both work

[–] explodicle@sh.itjust.works 19 points 12 hours ago

When Trump says he's "pro crypto", this is what he means.

Meanwhile the SEC under Biden/Harris has helped crypto by targeting actual scams like this one.

So in case you have a friend who's a crypto bro, remind him who has actually helped and who called Bitcoin a scam.

[–] 5oap10116@lemmy.world 76 points 16 hours ago (8 children)

"New crypto coin" is a weird way to say bribe money laundering

[–] UnderpantsWeevil@lemmy.world 7 points 13 hours ago* (last edited 13 hours ago)

Bribe. Scam. It's all snowballing into the same thing.

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[–] danc4498@lemmy.world 174 points 18 hours ago (1 children)

Isn’t that the point? Allow anybody (including foreign crypto holders) to funnel money into the Trump family bank account with zero accountability?

[–] telllos@lemmy.world 50 points 16 hours ago (1 children)

I saw a documentary about the trump, or the wall. And they were selling part of the wall where people could write their name. It was really clear that this family is just scamming people left and right!!

[–] Passerby6497@lemmy.world 46 points 16 hours ago (1 children)

It was really clear that this family is just scamming people left and right!!

Mainly right tho

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[–] sirico@feddit.uk 26 points 14 hours ago

The only crypto where the rug pull is done on top

[–] tekato@lemmy.world 32 points 15 hours ago (2 children)

Imagine buying a politician’s cryptocurrency

[–] Imgonnatrythis@sh.itjust.works 13 points 14 hours ago* (last edited 14 hours ago) (2 children)

Imagine buying a policitian ~~'s cryptocurrency~~

[–] Fridgeratr@lemmy.dbzer0.com 4 points 12 hours ago (2 children)

Imagine buying ~~a politician's~~ cryptocurrency

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[–] gedaliyah@lemmy.world 96 points 18 hours ago (1 children)

Breaking news, obvious scam is a scam.

[–] calabast@lemm.ee 66 points 17 hours ago (1 children)

*Obvious money laundering is money laundering (and also a scam).

[–] sugar_in_your_tea@sh.itjust.works 18 points 16 hours ago

Not sure I'd call it money laundering, it's all being done in the clear.

But it's certainly a scam:

The paper released Thursday shows that Trump and his family assume no liability. It indicates that none of them are directors, employees, managers or operators of WLF or its affiliates, and said the project and the tokens “are not political and have no affiliation with any political campaign.”

There's a strong implication that launching this during his campaign means it's tied to the campaign, but it's really not.

[–] FlashMobOfOne@lemmy.world 40 points 16 hours ago (1 children)

I'd say it's remarkable that Trump is even still able to run for president, but all this country seems to care about is social issues, and that clearly makes it easier to control people.

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[–] KingThrillgore@lemmy.ml 5 points 11 hours ago* (last edited 11 hours ago) (7 children)

I hate to be a buzzkill, but the odds are he will win in 17 days. We need to make preparations for the long and difficult road that faces us. I don't know what that means, maybe you do.

[–] nelly_man@lemmy.world 6 points 9 hours ago

Looking at a map with the current polls (and focusing on the toss-ups), it seems that the most viable path to victory for Harris is to pick up PA, MI, and WI. If she drops PA, she'd need MI, NV, WI or AZ, and GA or NC, but that seems like a big ask. If she wins PA, she could lose WI if she picks up AZ, GA, or NC and she could lose MI if she wins GA, NC, or AZ and NV. But winning PA and losing both WI and MI would require winning AZ and either GA or NC.

So there are a few paths to a Harris win, and a few don't seem very farfetched, but none of them seem likely enough for comfort. Definitely not how I was hoping to be feeling at this point in the election.

[–] Asidonhopo@lemmy.world 5 points 10 hours ago (3 children)

I keep seeing posts that polls show it's 50-50 but polymarket has Trump's odds at 60, Harris' at 40 with over $2B in wagers. Terrifying.

[–] unipadfox@pawb.social 7 points 9 hours ago

It's 4 accounts' bets that put Trump's odds at 60, likely being done to influence people's perceptions about Trump's chances. It only took ~$30M to tip the scales to 60, which is a very cheap way to advertise for Trump considering the billionaires who support him. https://www.wsj.com/finance/betting-election-pro-trump-ad74aa71

[–] jj4211@lemmy.world 4 points 9 hours ago

I've seen some analysis correlating the shift in those odds not to any political news or polls, but to things like Elon Musk telling folks to go bet on Trump...

[–] actually@lemmy.world 4 points 10 hours ago (1 children)

Many people who gamble big money go by past divergences between polls done before, and exit polls done after. These can vary between 5% to 10% , which is important when the published count is almost 50:50 in some states.

Many US states violate UN practices for free and fair ballot counting, and while this is blindly ignored for decades, it shows up in the odds. People in the USA tend to talk about this as the shy republican effect, and other names.

At the same time, I do not trust the polls being done now, because most people do not answer phone, text or email about asking, given there are so many scam polls out, so I have to wonder how this skews the results.

I would totally use the bookie odds and ignore the polls

[–] Asidonhopo@lemmy.world 2 points 10 hours ago (1 children)

Polls also only try to measure public opinion and don't quantify the very real effects that the vast toolkit of dirty tricks play in the election process, including whatever October surprises are lurking around the corner.

[–] actually@lemmy.world 3 points 9 hours ago

My big issue is the hidden vote counting, lack of recounts, and the exit polls being so unreliable in many states to choose the winners. So, unreliable, that all the major networks stopped using them after 2018 to call elections and fewer exit polls are being done. Exit polls have been established as good tools since the past 300 years. And when they consistently give bad calls, that area has always had ballot stuffing, or the electronic version of that

In my opinion, hidden ballot counting with bad exit polls will outweigh any other issues

[–] Randomgal@lemmy.ca 5 points 11 hours ago

Everybody does. It happened before in Europe.

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[–] bitwolf@lemmy.one 4 points 11 hours ago (1 children)

Dudes just trying to stack up all the lawsuits. SEC won't be so nice I don't think.

[–] Evil_Shrubbery@lemm.ee 14 points 11 hours ago

SEC can't SEC if SEC doesn't exist.

[–] originalucifer@moist.catsweat.com 22 points 17 hours ago (1 children)

World Liberty Financial, or WLF

are these the guys that sell wolf cola

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[–] Dagwood222@lemm.ee 23 points 18 hours ago (8 children)

The stupidest thing about Trump is that he could have extorted billions of dollars out of the Saudis on Inauguration Day. Even Team Rocket could have figured that out.

[–] FarceOfWill@infosec.pub 26 points 17 hours ago

I'm not 100% sure Jared didnt

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