The U.S. President has broken the precedent in history, but it is at the forefront of uneven verification that the next President issuing a virtual currency “Memcoin” a few days before the inauguration ceremony. As Donald Trump returned to the White House following the victory in the 2024 election, his relationship with the launch of him and Memcoin symbolizes the impact of the president and the unprecedented fusion of speculative funding. I am. Even Andrew Jackson, who is notorious for gambling and financial risks, never showed the depreciation of advertising investment products on the eve of his inauguration.
These are purely speculative means and exist for reasons other than enriching the creator.
The value of established cryptocurrencies is still a considerable discussion among economists and technicians, but other cryptocurrencies often spread their story -based justifying. For example, Bitcoin supporters suggest the possibility of a gold digital analog or as a payment network. Ethereum supporters point out the so -called smart contract. It is still very doubtful whether such a proposed application is proven that it is ultimately executable, and many critics argue that these explanations are fundamentally incoherent. Masu.
In contrast, Memcoin omits practicality and narrative shows. These are purely speculative means and exist for reasons other than enriching the creator.
The mechanism of the Memcoin is very simple. The first buyer gets tokens at a nominal cost. In many cases, the promotion of social media and the fear of being left behind will enhance the advertising, and the price rises. Early investors can sell their shares to subsequent buyers to make a profit. However, this power relationship is essentially impossible, and as a result, subsequent investors have almost no worthless digital tokens separated from assets and income. It is mathematically certain that the majority of participants suffer economic losses. The only problem is the exact distribution of those losses. The value of these tokens depends only on the ability to guide the subsequent buyers to pay a high price, and this feature can compare them with a mouse lecture that does not promise the guarantee of revenue.
The release of Trump’s tokens just before the inauguration ceremony symbolizes the troublesome development in the territory of politics. It is shocking that the Presidential Office is involved in such a naked and speculative financial business during such a politically sensitive period. This timing suggests that supporting candidates and participating in dangerous financial gambling are in some form, and this idea is an individual for political decision -making. It can cause ethical and serious concerns about the effects of economic interests, and can potentially contribute to interest.
The dangers surrounding the Memcoin occur, rather than because the Memcoin exists in the blanks of the regulation, is because some cryptocurrency businesses are being managed and ignored. I am. Conventional financial markets have rules for prohibiting looting products and market operations, and are obliged to disclose information, but we know that the resources of regulatory authorities are too short to execute regulations. Many cryptocurrency transactions openly ignore these regulations. As a result, ownership of ownership, and the coordinated purchase campaign, which is open to social media platform, caused a perfect storm for market operations.
This market behavior pattern reminds me of the era of the “Buried Burber” in the late 19th century. Prior to the enactment of securities law, influential people often built wealth through schemes and financially destroys ordinary investors. Due to the limited regulation supervision during this era, many looting plans and abuse were allowed, and ultimately led to modern securities regulations to manage today’s traditional finance.
What is particularly troublesome in the current situation is that the historical well -known patterns, the speed of digital technology and the reach range are now directly linked to the president’s change. Potential buyers may not understand that they have nothing to invest in real things. They just buy tokens in hot potato digital games. The only way to win there is to give your own shares to others at a higher price before the music flows. Stop.
The overall rise of cryptocurrencies reflects the deeper nihilism in American culture, that is, the basic value and the collective refusal to the market premise.
The overall rise of cryptocurrencies reflects the deeper nihilism in American culture, that is, the basic value and the collective refusal to the market premise. In this world view, if the investment is an unauthorized game, why not accept absurdity? This cynical perspective is a mere casino with only momentum and hype. The fact that this idea is intertwined with the president’s position, and the use of tokens that supports only vanity and political loyalty has been deeply lost in the system and values ​​themselves.
For the general public, it should be clear that Memcoin is not a legal investment, regardless of its brand or timing. These are speculative gambling and are more like a lottery rather than financial assets. If you wear political symbols and are produced when social attention is growing, they are particularly dangerous proposals, that is, moral hazards, and become a political dedication and financial reckless chimera that does not become public benefits. 。
President issuing a personal Memcoin indicates a dangerous fusion of political power and speculative finance, which is bad. More fundamentally and more troublesome, this means a deputy of government duty. Using the highest position in the country to promote financial products aimed at relocating wealth from the people to individuals will impair the institutional sound of the presidential position itself.
The Trump Memm Coin may be just the latest chapter of this story, which suggests a troublesome new direction to use political influence for economic interests. There is.
