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It must be nice to have people willing to just hand you money for stuff that's worthless.Trump rolls out his family's new cryptocurrency business
Donald Trump and his sons launched World Liberty Financial in a Monday livestream on social media platform X.www.usatoday.com
Here is your chance to invest.
What would I be investing in here? Is there anything tangible this represents? Will it ever be as useful as the money in my wallet?Trump rolls out his family's new cryptocurrency business
Donald Trump and his sons launched World Liberty Financial in a Monday livestream on social media platform X.www.usatoday.com
Here is your chance to invest.
Well, other companies have dropped bitcoin. Steam accepted it in 2016. They stopped a year and a half later due to high volatility, high transaction fees, and large amounts of fraud. None of those problems have gotten better.
According to the OP article, TrumpCoin (or whatever it's called) will be a stable coin, meaning that it's pegged to something like USD. So it's not good for speculating; it's mainly, I suppose, good for acting as an intermediary when exchanging between other forms of crypto. Apparently, if you want to trade Coin A for Coin B, it can be somewhat clunky to cash out of A in dollars and then use dollars to buy B, but a stable coin can provide the same lack of volatility as dollars, while removing some of the hassle of trading coins for dollars.
Ah, so it is just another version of the dollar. Without some sort of processing fee, I can't see how would work. It is worse than the dollar.
