Why Musk and Trump are not scammers?

[Mia Chloe]

you say this as a joke but actually people really would prop hitler if he was giving people free money i mean didn’t elon musk basically did the nazi hand salute? it was a debate online whether actually did it or not regardless of what you believe i think it’s safe to say that our world has become so greedy and we are being eaten by capitalism that we are forgetting about our morals

You actually do have a point basically people will always have different points of views and that is part of the reason why be it a good move or a bad mood you will definitely find people that will either be in support or against it and I think that is what is happening here.

Some people are of the opinion that these persons literally created coins to milk the masses especially if such a person lost to those coins and on the contrary another would see it as a nice giveaway because they benefited from it. Either way the fact is none was forced into investing.

[Findingnemo]

Money that's all the matters to people.

Legally they are not scammers even if they dump it, it's just these stupid people are too blind to see that coming.

When people are going to stop worshipping these rich and powerful, do they believe will become one by doing so?

[dkbit98]

I should add another scammer in this list, that is president of Argentina Javier Milei, who I think is friend with Trump.
Milei send ALL gold reserves of his country to unknown location outside Argentina, than he created scam token like his buddy Trump and he kisses the same wall as Trump.
https://www.euronews.com/2025/02/17/javier-milei-accused-of-fraud-over-promotion-of-cryptocurrency

Looks like all politicians are just a puppet scammers. 

[Wiwo]

Latest news I saw is that father of Elon Musk, Walter Henry James Musk just decided to follow footsteps of Trump family and create his own crap meme token Musk it and raise $200M 
https://cointelegraph.com/news/errol-musk-memecoin-musk-it-200m-raise

My question is why nobody is calling out Trump and Musk family for being a scammers with this meme tokens?
They are clearly abusing regular people to invest their money so they can dump on them later.
And by doing this they are motivating other scammers to continue with similar activity...

A popular musician in my country pulled up a similar crypto scam and no one is calling out for it, it seems that celebrities and politicians have decided to deliberately use their position and large followers and fans as a tool to enrich themselves by introducing fake and scam meme coins projects all to exploit their followers.

Trump did it, Melina did and now Musk's fathers; the cryptocurrency scam is becoming a family thing with everyone coming in to scam and exploit others, I wonder when there are going to be strong crypto laws.

[bitterguy28]

Trump did it, Melina did and now Musk's fathers; the cryptocurrency scam is becoming a family thing with everyone coming in to scam and exploit others, I wonder when there are going to be strong crypto laws.

now even the president of argentina did the same… i do believe that we also have some responsibility in choosing where to invest but also these famous people should learn how to look put for their reputations more and try to be more careful in promoting said projects

they should not associate themselves with projects they are not so sure of

[dkbit98]

A popular musician in my country pulled up a similar crypto scam and no one is calling out for it, it seems that celebrities and politicians have decided to deliberately use their position and large followers and fans as a tool to enrich themselves by introducing fake and scam meme coins projects all to exploit their followers.

Sure, they all turned bitcoin market into one big circus show full of speculation and bunch of stupid meme coins also known as pump'n'dump.
I think we are going to see more cases like this in future, and there is a real danger of getting more restrictions for normal people because of this political backdoors.

[robelneo]

Trump did it, Melina did and now Musk's fathers; the cryptocurrency scam is becoming a family thing with everyone coming in to scam and exploit others, I wonder when there are going to be strong crypto laws.

now even the president of argentina did the same… i do believe that we also have some responsibility in choosing where to invest but also these famous people should learn how to look put for their reputations more and try to be more careful in promoting said projects

they should not associate themselves with projects they are not so sure of

Much more on a politician because you enjoy your position coming from the votes of the people because of the trust they gave you, and if you lose that trust, you're good to be kicked out of the office. A president should never be involved in a project they are not sure of because, like a piper who led the children in a pit, the same thing the Argentinian did to many of the people who believe in him, its like political suicide and its happening right now.
Here is the latest update
https://www.reuters.com/world/americas/argentina-meme-coin-scandal-dents-mileis-hunt-election-allies-2025-02-27/

[Wiwo]

Trump did it, Melina did and now Musk's fathers; the cryptocurrency scam is becoming a family thing with everyone coming in to scam and exploit others, I wonder when there are going to be strong crypto laws.

now even the president of argentina did the same… i do believe that we also have some responsibility in choosing where to invest but also these famous people should learn how to look put for their reputations more and try to be more careful in promoting said projects

they should not associate themselves with projects they are not so sure of

Much more on a politician because you enjoy your position coming from the votes of the people because of the trust they gave you, and if you lose that trust, you're good to be kicked out of the office. A president should never be involved in a project they are not sure of because, like a piper who led the children in a pit, the same thing the Argentinian did to many of the people who believe in him, its like political suicide and its happening right now.
Here is the latest update
https://www.reuters.com/world/americas/argentina-meme-coin-scandal-dents-mileis-hunt-election-allies-2025-02-27/

I read that stuff from Argentina's president also, that is massive and Trump has indeed opened the way for more scam projects sponsored by top politicians, at first I thought Trump had a better vision for cryptocurrency but now jumping on meme coins and coin dumping massively make it somewhat scam and exit plan.

Trump's actions are now a motivation to others and we are beginning to see an inflow of that direction coming in from a few politically exposed persons.

[Stompix]

Sure, they all turned bitcoin market into one big circus show full of speculation and bunch of stupid meme coins also known as pump'n'dump.

Much Freedom, such economics, maga laws.
People hated Gary for going after exchnages and influencers launching shitty tokens, they got what they wished for.

at first I thought Trump had a better vision for cryptocurrency but now jumping on meme coins and coin dumping massively make it somewhat scam and exit plan.

Which part made you believe that
- we will write a crypto check with a few bitcoins on it and pay our debts?
- or him purchasing stuff with bitcoin while not even being able to touch his phone and letting others do it?
 

[Freemind]

A popular musician in my country pulled up a similar crypto scam and no one is calling out for it, it seems that celebrities and politicians have decided to deliberately use their position and large followers and fans as a tool to enrich themselves by introducing fake and scam meme coins projects all to exploit their followers.

Trump did it, Melina did and now Musk's fathers; the cryptocurrency scam is becoming a family thing with everyone coming in to scam and exploit others, I wonder when there are going to be strong crypto laws.

Unfortunately, it is becoming normal for anyone with some relevance in society (politicians, CEOs and their protected family members) to launch tokens and coins without anything happening, and that is dangerous for the industry and less experienced investors. But the danger is not only in that, it is also in how society “sees” us (that part that is far from cryptocurrencies). They will probably never take us seriously and will continue to think that we are just a group of geeks playing with monopoly money that has no use beyond the Internet.

Exchanges are blocked, mixers are closed (imprisoning their developers) and a witch hunt is carried out within an industry that is not perfect, it is true, but it is a young industry that must mature. On the other hand, we can see presidents, businessmen and very rich people doing whatever they want within that imperfect industry, without anything happening.

Strong with the weak, weak with the strong.

[Mia Chloe]

Unfortunately, it is becoming normal for anyone with some relevance in society (politicians, CEOs and their protected family members) to launch tokens and coins without anything happening, and that is dangerous for the industry and less experienced investors. But the danger is not only in that, it is also in how society “sees” us (that part that is far from cryptocurrencies). They will probably never take us seriously and will continue to think that we are just a group of geeks playing with monopoly money that has no use beyond the Internet.

Being uninformed about Meme coins before Actually proceeding to invest in them is like gambling or becoming someone who just dives into investing in any crypto currency without even capturing a proper analysis that would suggest a winning.

No one is forced to invest in any coin or token and as a result you should be able to do proper research before hand instead of blaming the general market trend.

[Freemind]

Being uninformed about Meme coins before Actually proceeding to invest in them is like gambling or becoming someone who just dives into investing in any crypto currency without even capturing a proper analysis that would suggest a winning.

No one is forced to invest in any coin or token and as a result you should be able to do proper research before hand instead of blaming the general market trend.

Precisely what you said is what I have been saying for years. And precisely that, the ignorance of a large part of society about cryptocurrencies, is what Trump, Melania, Milei and even Musk's father take advantage of, the general ignorance. Not knowing is not bad, but when someone takes advantage of that, that someone also bears part of the responsibility.

[Stompix]

No one is forced to invest in any coin or token and as a result you should be able to do proper research before hand instead of blaming the general market trend.

We should also get rid of any warning for drugs or cigarettes, also, right?
And what about the expiration date on food? Do your own research before buying it!
Road signs? What are those, just pay damn attention when you enter a crossroad section.
Allergies on products, ask on tiktok before using!
Do I need to add /s?

[Ambatman]

Money that's all the matters to people.

Legally they are not scammers even if they dump it, it's just these stupid people are too blind to see that coming.

They are scammers and such action is considered illegal and branded fraudulent under security law.
Just that the cryptocurrency market isn't properly regulated. Because they are destroying the integrity of the market

[Stompix]

Money that's all the matters to people.
Legally they are not scammers even if they dump it, it's just these stupid people are too blind to see that coming

They are scammers and such action is considered illegal and branded fraudulent under security law.
Just that the cryptocurrency market isn't properly regulated. Because they are destroying the integrity of the market

And who screamed against those regulations?
Who screamed and sued the SEC when they were calling for those tokens to be treated as securities?
We have no longer any difference between the shady deals banks did with their subprime mortgages and exchanges selling pump and dump scams.