Current Events > Trump's NFTs "sold out", raising $4.4M

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Giant_Aspirin
12/16/22 9:18:39 AM
#1:


https://www.cnet.com/culture/donald-trumps-nft-collection-sells-out-raising-4-45m/

is his MAGA base really that stupid or was this just a not so secret money laundering scheme?

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EyeWontBeFooled
12/16/22 9:18:53 AM
#2:


Both

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_BlueMonk
12/16/22 9:19:19 AM
#3:


Giant_Aspirin posted...
is his MAGA base really that stupid or was this just a not so secret money laundering scheme?
yes and yes.

always was.

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itachi15243
12/16/22 9:21:19 AM
#4:


All the above and probably paying some lawyers too.

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Tyranthraxus
12/16/22 9:21:51 AM
#5:


Giant_Aspirin posted...
is his MAGA base really that stupid or was this just a not so secret money laundering scheme?

Yes

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angeleyes94
12/16/22 9:23:20 AM
#6:


It's the garbage pail kids all over again.

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Error1355
12/16/22 9:23:31 AM
#7:


I wonder what these $99 cards will be worth in even a month.

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devilminion
12/16/22 9:24:46 AM
#8:


Error1355 posted...
I wonder what these $99 cards will be worth in even a month.

Cheaper than toilet paper. Can't even wipe your ass with them since they are digital

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KiwiTerraRizing
12/16/22 9:25:20 AM
#9:


It was always going to sell out as the money behind it would buy what wasnt sold so it looks like demand was there, it isnt.

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lww99
12/16/22 9:26:28 AM
#10:


Im sure I know a few dunces who bought them.

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Giant_Aspirin
12/16/22 9:33:18 AM
#11:


devilminion posted...
Cheaper than toilet paper. Can't even wipe your ass with them since they are digital

what if we printed them?

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devilminion
12/16/22 9:36:14 AM
#12:


Giant_Aspirin posted...
what if we printed them?

Ngl, seems like a waste of good ink

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bluezero
12/16/22 9:36:55 AM
#13:


Giant_Aspirin posted...
is his MAGA base really that stupid
Do you really not know the answer to this?

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#14
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Giant_Aspirin
12/16/22 9:38:02 AM
#15:


bluezero posted...
Do you really not know the answer to this?

oh i do. just hard to tell which of those two choices is more likely.

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Ranting__Nord
12/16/22 9:39:28 AM
#16:


$4.4M / $100 = He only sold 44,000. Figure in a couple people bought more than 1 and really not that many people bought in.

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#17
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Solar_Crimson
12/16/22 9:39:59 AM
#18:


Giant_Aspirin posted...
is his MAGA base really that stupid or was this just a not so secret money laundering scheme?
Yes to both.

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Were_Wyrm
12/16/22 9:41:22 AM
#19:


Error1355 posted...
I wonder what these $99 cards will be worth in even a month.
Same thing they were worth when they were sold, $0.00

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#20
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NatsuSama
12/16/22 9:42:48 AM
#21:


You had doubts his dumbass cult would buy NFTs?

We are talking about the same cult who are convinced Trump is a billionaire but needs the average Joe's money to save America.

They are not bright people.

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NatsuSama
12/16/22 9:43:45 AM
#22:


GranolaPanic posted...
Friend of mine bought 5 of them. He doesnt support Trump. Hes obsessed with NFT and cryptocurrency crap. He thinks that theyll be worth a fortune in a few years.
Your poor friend....

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Lord_Shadow
12/16/22 9:43:47 AM
#23:


My guess is this was a scheme to funnel Trump some money From some rich Donor Who wanted to remain anonymous

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Giant_Aspirin
12/16/22 9:46:37 AM
#24:


Lord_Shadow posted...
My guess is this was a scheme to funnel Trump some money From some rich Donor Who wanted to remain anonymous

or more Russian mob money. or more Saudi blood money

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Giant_Aspirin
12/16/22 9:48:06 AM
#25:


[LFAQs-redacted-quote]


either these people are really fucking stupid or they're just confident nothing will happen so they just don't care

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Lord_Shadow
12/16/22 9:53:32 AM
#26:


Giant_Aspirin posted...
or more Russian mob money. or more Saudi blood money
Equally likely

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Srk700
12/16/22 9:55:25 AM
#27:


Imagine paying $99 for a card of a guy that lost to "Sleepy" Joe Biden.

But I guess that McDonalds dinner or 5 second Zoom call that they could possibly win was worth it lol.
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Dakimakura
12/16/22 9:59:08 AM
#28:


I really don't think it is a money laundering scheme. CE continues to underestimate the stupidity of the MAGA followers. A lot of these people probably give most of their money away to the church so giving some to Trump instead isn't a huge deal. And they will rationalize these trading cards as Trump doing them a favor by making them available at such an affordable price. They think this will be a solid long term investment rather than a scam.

If he really wanted to launder money he could have easily did a silent release. But no, he had to do a whole ass video basically begging his followers to buy them that will be played endlessly on repeat for years to come.

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littlebro07
12/16/22 10:16:09 AM
#29:


I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work

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ZevLoveDOOM
12/16/22 10:17:43 AM
#30:


yeah, how the fuck does an NFT sell out? lol
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MC_BatCommander
12/16/22 10:20:07 AM
#31:


littlebro07 posted...
I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work

It doesn't, NFTs are a complete scam and the only people making money from them are the ones "making" them and selling them to gullible people

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Sariana21
12/16/22 10:20:20 AM
#32:


littlebro07 posted...
I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work
Im glad Im not the only one!

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Hayame_Zero
12/16/22 10:21:52 AM
#33:


littlebro07 posted...
I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work
You're buying kind of a web address when you buy an NFT. The image is basically the receipt.

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UnholyMudcrab
12/16/22 10:22:24 AM
#34:


littlebro07 posted...
I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work
That's the thingit doesn't work.

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Crimsoness
12/16/22 10:22:38 AM
#35:


Wonder how many certain users here bought

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littlebro07
12/16/22 10:23:17 AM
#36:


Hayame_Zero posted...
You're buying kind of a web address when you buy an NFT. The image is basically the receipt.

That makes a tiny bit more sense but still, if the image is the receipt/proof that you're the owner, how is your image any different from my screenshotted image?

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itachi15243
12/16/22 10:24:16 AM
#37:


littlebro07 posted...
I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work

The idea is that you own the "rights" to the piece of art to use, sell, or whatever otherwiseyou want to do with it.

(Rights is in qoutes because almost no one actually sells copyright or any legally tangible actual legal "rights", to you. It's almost always a promise written on water, and legally dubious)

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ellis123
12/16/22 10:25:01 AM
#38:


littlebro07 posted...
I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work
It is a receipt. The image is just the carrot to buying the string of numbers that shows that you have bought something. Your goal is then to trick someone into buying it for more than you did.

It basically is one of those things that is so dumb that the government can't actually call it a scam. Sort of the "Hey, I'll pay you $100 if you give me $10" before you walk away.

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DoesntMatter
12/16/22 10:33:55 AM
#39:


i wonder how many of them he bought himself using loans from fascist dictatorship regimes

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Vegy
12/16/22 10:39:27 AM
#40:


Dakimakura posted...
I really don't think it is a money laundering scheme. CE continues to underestimate the stupidity of the MAGA followers. A lot of these people probably give most of their money away to the church so giving some to Trump instead isn't a huge deal. And they will rationalize these trading cards as Trump doing them a favor by making them available at such an affordable price. They think this will be a solid long term investment rather than a scam.

If he really wanted to launder money he could have easily did a silent release. But no, he had to do a whole ass video basically begging his followers to buy them that will be played endlessly on repeat for years to come.

Daum

Never seen you make a serious post <_<

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FatAnimeBooty
12/16/22 10:40:51 AM
#41:


Gonna make some Trump NFTs
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Bio1590
12/16/22 11:12:16 AM
#42:


Dakimakura posted...
I really don't think it is a money laundering scheme. CE continues to underestimate the stupidity of the MAGA followers. A lot of these people probably give most of their money away to the church so giving some to Trump instead isn't a huge deal. And they will rationalize these trading cards as Trump doing them a favor by making them available at such an affordable price. They think this will be a solid long term investment rather than a scam.

If he really wanted to launder money he could have easily did a silent release. But no, he had to do a whole ass video basically begging his followers to buy them that will be played endlessly on repeat for years to come.

It was blatantly a money laundering scheme. The maximum amount of "cards" you were allowed to purchase in one transaction left the transaction just short of federal reporting requirements, not to mention there are like 2-3 shell companies and crypto involved.

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#43
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VampireCoyote
12/17/22 12:33:34 AM
#44:


That isnt even that much money

thats like one taco bell

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Medussa
12/17/22 12:51:01 AM
#45:


littlebro07 posted...
I don't understand NFTs at all

Like it's a digital image but it's somehow worth money even though you can just screenshot it and have a free copy? Or right click - save as?

How the fuck does it work

littlebro07 posted...
That makes a tiny bit more sense but still, if the image is the receipt/proof that you're the owner, how is your image any different from my screenshotted image?

the most generous explanation is that you're buying a serial numbered version of a collectable. compare it to a parallel version of a baseball card vs a common version, or a hand numbered by the artist print of a piece of art vs the version that is on the cover of a novel.

the common usage at the moment doesn't really add much. but it's a concept that's been used in the collectables market for decades, just given a novel digital coat of paint.

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Strider102
12/17/22 1:13:11 AM
#46:


There's no hope for humanity.

Shut the simulation down.

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Flauros
12/17/22 1:14:43 AM
#47:


Surely THIS will be the thing to bring Drumpf down!

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--Zero-
12/17/22 1:15:14 AM
#48:


Money laundering

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008Zulu
12/17/22 1:16:22 AM
#49:


[LFAQs-redacted-quote]

Good lord I hope he gets sued for that!

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Strider102
12/17/22 1:18:23 AM
#50:


008Zulu posted...
Good lord I hope he gets sued for that!

I predict a 99.6% probability he won't.

So, there's still a chance.

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