this post was submitted on 18 Jan 2025
433 points (97.0% liked)

News

35749 readers
2280 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies. 

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

  • It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
you are viewing a single comment's thread
view the rest of the comments
[–] jpreston2005@lemmy.world 102 points 1 year ago (6 children)

Please someone explain how this is in any way legal. This is fucking absurd. The amount of hatred I have for every racist imbecile that supported this rapist fascist felon is too much for me to bear. The logical thing to do would be to just ignore everything because my mental well-being is more important, but this seems like some historic occurrence that should be stopped by any means necessary.

[–] 5oap10116@lemmy.world 55 points 1 year ago (2 children)

There's no rule saying a dog can't play basketball

[–] GBU_28@lemm.ee 11 points 1 year ago

Do not bring air bud into this

[–] sem@lemmy.blahaj.zone 4 points 1 year ago

There's a movie about it though

[–] SkyeStarfall@lemmy.blahaj.zone 45 points 1 year ago

Why should legality matter? What are laws? It's rules that the government put down for everyone to follow. And what happens if someone controls all aspects of the government?

Legality is meaningless in the face of fascism, because the fascist government will be making the laws. it's like asking why it wasn't illegal to do genocide in nazi Germany. Or asking why it wasn't enforced by law to hide jews from the nazis to protect them

Legality is not relevant. Legality is not morality or a foundation for ethics. Legality is just the will of the government, for better or for worse. It is not something that necessarily serves the people's beat interests

[–] vanontom@lemmy.world 18 points 1 year ago* (last edited 1 year ago) (1 children)

At this point, anything the billionaires want is legal. It is fucking absurd. The entirety of T****'s first term was insanity. This one will be catastrophic, and unfixable for generations. His supreme court, judges, corruption has made it inevitable.

I tried to logically deal with the firehose of lies and hatred, thought it was important and worth it. Not anymore. Not again. This country is too fucking dumb for me to care anymore, too easily manipulated. Not worth the pain. I did what I could, voted against it every time. "But the price of eggs!"

I'm just going to fuck off and try to enjoy myself while it burns. Someone wake me for the revolution, the oligarch bbq, or some legit riots at least.

[–] resin85@lemmy.ca 2 points 1 year ago

I for one, hope to see the guillotine make a surprise return. It worked for the French.

[–] brown567@sh.itjust.works 13 points 1 year ago* (last edited 1 year ago) (1 children)

~~Repugnantcans~~ The party of misanthropic fascist vermin cheated the system to stack the highest court in the land with loyalists who now nearly unconditionally support anything Trump says/wants. It's legal because they literally put in writing that any/everything he does is.

Edit: you right

[–] Nutteman@lemmy.world 3 points 1 year ago (1 children)

Repugnantcans is trying wayyyyy too hard.

[–] Mr_Blott@feddit.uk 4 points 1 year ago (1 children)
[–] Mossheart@lemmy.ca 1 points 1 year ago
[–] NoneOfUrBusiness@fedia.io 6 points 1 year ago

I mean nothing stops you from creating a new cryptocurrency, so it was kinda inevitable.

[–] joel_feila@lemmy.world 5 points 1 year ago (1 children)

Crypto is legally a type of stock in the usa. So has long as trum doesn't do anything that would get him on the hook for stock or security fraud he is in the clear