Former President Trump embraces cryptocurrency with high-dollar dinners and meme coin contests, raising eyebrows and ethical questions.
Former President Trump embraces cryptocurrency with high-dollar dinners and meme coin contests, raising eyebrows and ethical questions.

A Fundraising Fiasco of Frivolity?

As a purveyor of scientific precision and logical deduction I must express my bewilderment at the unfolding events surrounding former President Donald Trump's foray into the volatile world of cryptocurrency. Two dinners you see. One a positively exorbitant $1.5 million per plate affair for deep pocketed donors. The other a bizarre contest involving a meme coin called $TRUMP. It appears Mr. Trump is attempting to harness the power of digital currency. I can only hope this venture is not as irrational as the time Leonard attempted to 'mansplain' the Doppler Effect to me. Suffice to say I required several hours of cognitive recalibration afterwards.

David Sacks: A Friend Indeed?

MAGA Inc. the entity orchestrating these… shall we call them 'endeavors,' is hosting a 'Crypto & AI Innovators Dinner.' The special guest is one David Sacks who according to reports is helping to rewrite crypto and AI regulations. One wonders if these regulations will adhere to the rigorous standards of scientific integrity or if they will be as malleable as Penny's understanding of theoretical physics. I suspect the latter. However it is important to highlight that MAGA Inc. is constitutionally barred from running for a third term so the millions of dollars it is raising would be spent on other ways. I must inquire further.

$TRUMP: A Token of… What Exactly?

The second dinner is particularly… idiosyncratic. Instead of cold hard cash (which I might add adheres to the laws of thermodynamics in a predictable manner) access to Trump's inner circle is granted based on how many $TRUMP tokens one possesses. The top 220 token holders will be granted an audience with the former president himself! One might argue that this is a cleverly disguised method of attracting venture capital for technological development though others no doubt will say it is 'nakedly corrupt'. However the true winner is me for recognizing all the nuances of $TRUMP coin!

Black Tie Optional: Because Gravitas is Overrated?

The second gala which is 'black tie optional,' offers a 'VIP White House Tour' to the 25 biggest meme coin holders. It is a leaderboard contest which raises the question of which algorithms are in use and what is the margin of error. However it also raises ethical considerations. It is not as they say rocket science but it requires a higher level of ethical awareness than Howard Wolowitz displays when choosing a new belt buckle.

Pseudonymous Wallets and Potential Peril!

Accountable.US a self styled watchdog group decries this contest as the 'most nakedly corrupt self enrichment scheme in U.S. presidential history.' (I must point out that hyperbole is rarely conducive to accurate analysis.) The issue is that crypto wallets are pseudonymous. Unless a holder publicly discloses their wallet address confirming their identity is difficult. This creates opportunities for shall we say individuals of questionable repute including potentially foreign actors. A concept that even Sheldon bot could understand!

Caveat Emptor: Trump NFTs the Consolation Prize?

And finally the small print. Access to the president is *not* guaranteed. The event can be canceled 'for any reason,' in which case the lucky winners will receive a Trump NFT. Non Fungible Tokens if you will. The situation reminds me of the time I attempted to explain string theory to Penny. The result was similar – confusion frustration and a profound sense of wasted effort. Nonetheless this scheme has supercharged demand for the coin lining the pockets of its creators. So from a purely economic standpoint it is dare I say it fascinating. But I still have to say BAZINGA!


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