• Agent641@lemmy.world
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    11 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

    • BoofStroke@sh.itjust.works
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      3 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
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      7 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
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      14 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.