OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

From livemint.com,

“However, meme coins such as the Dogecoin, Shiba Inu, and now the presidential Trump Coin have flourished precisely because they are not securities. They position themselves as purely speculative assets without a promise of profit sharing or underlying utility. While the initial response might seem attractive, meme coins are volatile and often follow unpredictable trajectories. The meme coin token’s success could depend on fundamental factors and sustaining investors’ enthusiasm.”

Not securities. Speculative (I’m not sure that they meet the definition. What are you actually speculating on, or about?) assets (Asset? another definition problem from an accountants POV). No profit sharing. No utility. Shakes head.

Run for the hills! BTC has no clothes!

“What, exactly, do you have when you own a bitcoin? As far as I can see, you own the right to a particular sequence of zeros and ones which are stored multiple times in a disseminated network of computers. And in your personal crypto wallet, a hard drive or part of a hard drive which usually requires a password etc. etc. and so is secure. Or on a crypto exchange which makes it easier to buy and sell. So you own – what? What is a one or a zero? A distortion in a magnetic field. So you own the rights to a series of magnetic fluctuations. Whatever it is, it relies on a lot of sophisticated stuff to access and transfer (spend or acquire) them, which can be intercepted by hackers now, let alone when quantum computers arrive. Tulips seem a lot simpler.”

DOGE was issued as a joke, as satire against bitcoin etc. Yet it became a serious ‘investment’. $TRUMP really confirms how lunatic the whole thing is. Has there been any claim as to what utility it provides? I was trying to console myself that Trump just had to be better than Kamala or Brandon and their marxist agenda for another four years, but now I’m really doubting that.

How do they pay 55 % …easy it’s a Ponzi…..Putin is supposed to be the worlds biggest crook and maniac….. he only pays 15 % per annum on 20 yr debt !!!!

Well said ..it does indeed look very tacky/taudry…..

I just a got an email from someone I know, who has been promoting/trading Crypto’s for the last four years and is deep into all the bullshit around them……I just saw a comment from someone else talking about those mkts…..they have an entire mythical structure, full of buzzwords and bullshit…just incredible…anyway the guy I know, is telling all his contacts to get out of all crypto, as the Trump coin/meme move shows there is nothing behind them…..talk in that world is that Trump may have taken $ 500 million out already……

As you say…..Poor form, old boy , very poor form.

A friend of mine told me he buys BITO, an ETF that follows bitcoin. Plus, it’s been paying a 55% div every month. I’ll probably buy some myself. I don’t understand myself how they can pay 55%  monthly.

https://finviz.com/quote.ashx?t=BITO&p=w

https://schrts.co/zFAIuMXV

This could throw a huge spanner into the US debt mkt….the mkt may start to price in the danger of getting Crypto as payment…if so rates will explode……

.

Seems a little tacky, tawdry … on the Eve of your inauguration as President of the United States you are looking for a quick score, some easy money.

Maybe I’m missing something.

Only a few steps from “MemeCoin” to official USAFEDCOIN. Then we are scuppered!

My wife has been very critical/suspicious of his crypto fascination ….she will not be happy to see this news…..call it female intuition….she smells something wrong.

Scary sh*t.

That was a good synopsis of what is happening.

Unfortunately, the a**holes in charge are getting their way.

So, I don’t know how much good discussion like this is, but one must keep on trying.

Now …  where is that tequila bottle … my only true friend. (thank you Jim Morrison)

Cheers mate

We’ll know where we stand after he has spoken to Davos…if he doesn’t lay into them for all their madness, then he is not what he sold himself as….The Hostage deal is already looking very poor, to say the least…it cannot stand…then there is Crypto…that is where it could all go horribly wrong, as it may well be that he thinks/has been persuaded that he can solve the debt problem via crypto…..

I’ll just say that his administration has a ways to go …

I don’t like that “MemeCoin” business either.

But he gets things done, in a commercial world. The art of the deal is all about understanding psychology, not being smart. Second hand car salesmen, real estate agents, drug and arms dealers all understand this. All good salesmen do, really. Politicians are not generally smart, all they have to do is promise to spend more of everybody else’s money than their rivals to get the vote. Trump didn’t do that, he worked his psychologies on the population tapping into their desire for change from a dynamic character. Winning that race against two seriously stupid bland opponents wasn’t difficult.

What’s disappointing is that he doesn’t seem to have learned from the first time around. Lots of talk, then a watering down of appointments, DOGE sounds fantastic with an image of Elon carrying a sink in your mind and we’ll know in a week if it stands a chance but worst of all there’s a lack of substance in his recent actions, especially $TRUMP. This is not the way a serious statesman operates. It occurs to me that in the one day before his inauguration he’s fleeced people of $6bn (the 20% float of the coin x its $30bn ‘valuation’) which is multiples of what Brandon scammed in half a century.

The smart thing to do would be to let his appointees get on with their jobs. I doubt he can do that, it’s not part of his personality not to interfere. Very controlling. Appointing RFK and then entertaining Billy boy shows he’s in two minds about health; or, maybe, he has no idea at all. He didn’t the first time around. So it looks like it’ll be Trump the loose cannon again.

He can’t be that smart or he would be hanging blame for bubble land on the commies – unless of course he is one.

I guess he’s never heard of the Presidential Cycle.

I thought he was smart.

If he was, he would be setting proper policy right out of the gate (putting the blame on the commies where it belongs).

Instead, we have a bunch of idiots promoting cryptos.

You can’t help but worry (he works for the crazy international banking families).

If you know what I mean.

Cheers mate

Lunch with Bill Gates.

Meme coin. As you say, wow.

Vaccine skeptics removed from RFK’s team.

My optimism is rapidly evaporating too.

I don’t share your optimism.

He’s not wasting any time in getting the blow0ff crypto gambling mania going … with a meme Friday night (designed to take advantage of his inauguration Monday).

Trump Unveils “Official” MemeCoin Late Friday; 12 Hours Later It Is Up 16,000% To $30 Billion | ZeroHedge

He’s out for number one as far as I can see.

Any President that would do something so irresponsible needs to be questiioned in my opinion … to add to all the other reasons.

Sorry to say … it does not make me happy at all.

What a mess he is going to create if allowed to let fantasy land loose in these markets.

Wow is all I can say.

Yes not too much was accomplished in Trump’s first term. Too be fair there was a mountain of opposition for him and BS legal troubles. This time it sure looks like he’s got the cabinet to get stuff done, plus better numbers in the legislature.

We’ll know soon whether or not he’s schmoozing with the WEF. I sure don’t want to hear of the Feds advocating any CBDCs etc.

Cheers

PS I like it that so far the world’s leaders like talking to him instead of Dementia Joe.

Let’s hope Gates is lying. (not a stretch for him)

The problem is Trump has proven he will do anything to save the economy. Or so he says.

It’s either that or he is corrupt, using misdirection, and lying a lot.

Only time will tell.

What did he accomplish in his first term to protect your liberty on a lasting basis?

Not much, if anything.

You judge people by their actions – not their promises.

Let’s hope not! Gates and all the others who still advocate the jab should be in prison!

Know them by their fruits …

Yes, according to Bill, they are going to accelerate vaccine innovation (because The Donald is a warp speed kind of guy).

Chuckle

Went back and found your long-term GDX chart. We are still above that downtrend line as far as I can tell. In an earlier post you made reference to the Aussie dollar as a precursor to a rise in pm’s I believe.

This troubles me because the HUI also broke above it’s 50 and 200 dma this week. It troubles me because the scum just loves to sell at these points although everything appears to be in-line for a move higher in the shares – at least chart wise. We’re in a small uptrend and nowhere near overbought.

I’m just not sure if the GDX can go higher without the SM.

I am curious to see what the aussie dollar looks like on a performance basis to GDX.

Bill Gates ‘Impressed’ With Trump’s Interest in Global Health During Three-Hour Dinner

https://www.wsj.com/politics/policy/bill-gates-donald-trump-meeting-e54fc20d

Was just talking to a buddy about Fettermen. I couldn’t believe he was elected in the first place, but he has become at least the new Joe Manchin of the Senate Democrats. I think he’s for RFK Jr. and since there are a few RINO’s that are wobbly on RFK, I’m hoping Fettermen puts him over the top.

It seems Fettermen has some common sense. He’s going to catch a lot of hell from Schumer and his company of crazies.