Welcome to the Blockchain

Just a reminder: It's not about getting rich. It's about restoring freedom.

1 posted on 02/28/2024 4:03:10 PM PST by EnderWiggin1970

To: EnderWiggin1970

2 posted on 02/28/2024 4:19:07 PM PST by sauropod (Ne supra crepidam.)

To: EnderWiggin1970

3 posted on 02/28/2024 4:43:57 PM PST by rlmorel ("The stigma for being wrong is gone, as long as you're wrong for the right side." (Clarice Feldman))

To: EnderWiggin1970

Thanks for posting this, but I have to say, it wasn’t what I was looking for.

I know what Blockchain does at an extremely broad level, so, I need to educate myself on this at a more granular level.

And I am most definitely not into rap, so it is not going to connect with me that way. Well… I might have to re-phrase that. I did see a really funny and cool video a while back that compared Frederick Hayek and John Maynard Keynes, which was fabulous, but done in a rap format. So I guess I shouldn’t reject it out of hand.

I started a thread within the last month based on an American thinker article about how Trump could use tokens to raise cash that wouldn’t bankrupt him, or caused him to sell off his assets to meet the stupid fine, but I had never heard of it being used in this way, so I started a thread to ask people about it. I don’t think I got one single useful response out of it.

There was lots of Snark, lots of joking, but my fundamental question was: is the method being proposed by the author of the article something that is in any way, valid and commonly used, or was it a crackpot scheme?

Nobody answered the question, and that bothered me.

One of the things I really like about free Republic is that I learn a great deal from it, and I thought there might be plenty of people out there who felt the same way about this particular type of financial transaction… And knowledgeable people on this forum might be able to impart some of their knowledge in a serious way. It just didn’t really happen

I had to chalk it up it to some flaw in the way I asked the question.

4 posted on 02/28/2024 4:56:31 PM PST by rlmorel ("The stigma for being wrong is gone, as long as you're wrong for the right side." (Clarice Feldman))

To: EnderWiggin1970

5 posted on 02/28/2024 5:55:35 PM PST by rlmorel ("The stigma for being wrong is gone, as long as you're wrong for the right side." (Clarice Feldman))

Hah, those were good!

6 posted on 02/28/2024 8:50:20 PM PST by EnderWiggin1970

To answer your question about tokens... it would be easy enough for Trump (or anyone else) to create, say, an Ethereum ERC-20 token ("Trumpcoin" - but that and a dozen other names are probably already taken). The question then is how it would generate value to help him raise cash.

This would not be a technical question, more a question of legal contracts. He could put up some kind of collateral to back the tokens, that would give them value in the free market. The catch is that this would probably run afoul of all kinds of laws, bureaucratic regulations, and just plain obstructionism from the government bureaucracy that he is at war with. That's the real headache, not the mechanics of him releasing some tokens.

7 posted on 02/28/2024 8:55:01 PM PST by EnderWiggin1970

To: EnderWiggin1970

Here is a link to the article at American Thinker:

LINK: Trump can raise the money for an appeal without liquidating his assets

Can I ask your opinion on this? Is a hare-brained scheme, or something that is commonly used these days?

8 posted on 02/28/2024 9:09:23 PM PST by rlmorel ("The stigma for being wrong is gone, as long as you're wrong for the right side." (Clarice Feldman))

To: EnderWiggin1970

Enjoyable, AND entertaining! I learned something there...

9 posted on 02/28/2024 9:09:58 PM PST by rlmorel ("The stigma for being wrong is gone, as long as you're wrong for the right side." (Clarice Feldman))

Well, I'd basically refer back to my first answer - technically he can release tokens, and put together some sort of contract saying that the buyers of the tokens have a share in various assets he owns. Presumably he'd have the right to redeem them at his discretion at a later date. What I don't know is whether the Feds would allow it. They have a bad habit of just declaring whatever they want in the cryptocurrency space to be illegal without any legislative authority to do so.

I can't tell you how frustrating this lawless mafia behavior it is. The losses I've suffered from their arbitrary, lawless bullying of firms in the crypto space are more than most people will earn in their life (and I was an ordinary middle-class block prior to 2017). Ironically it's just one more reason we need someone like Trump to win to restore liberty and constitutional rule to the land.

10 posted on 02/28/2024 10:57:11 PM PST by EnderWiggin1970

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