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submitted 19 hours ago by jeffw@lemmy.world to c/politics@lemmy.world
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[-] Agent641@lemmy.world 26 points 17 hours ago* (last edited 13 hours ago)

It's not money laundering to sell dumb shit to idiots, like coins to magas, or bathwater to thirsty teenagers, or dogecoin to me

[-] knobbysideup@sh.itjust.works 3 points 6 hours ago* (last edited 6 hours ago)

It certainly is if most of the dumb shit is bought by foreign powers as a way to fund a campaign. See also bibles, nfts, sneakers.

[-] nemonic187@lemmy.world 9 points 9 hours ago

It is if someone from outside the US, who can’t legally donate to Trump’s campaign, buys 100 of these.

[-] rbn@sopuli.xyz 28 points 16 hours ago

I have no clue if there's indeed any proof for such a claim, but the theory that I read elsewhere is that it's a way to obfuscate money flows.

If a foreign nation (Russia, China, North Korea, whoever) would like to engage in the election, they can't just donate to the campaign officially. But instead, they could buy a couple thousands of these coins in smaller transactions.

TBH I'm rather with you. I think the majority of these coins is just bought by some MAGAs. For foreign nations there'd be probably more efficient ways to transfer money like shares etc.

[-] nemonic187@lemmy.world 3 points 9 hours ago

Pretty much exactly this.

this post was submitted on 23 Sep 2024
282 points (96.7% liked)

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