- cross-posted to:
- technology
- cross-posted to:
- technology
President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.
Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.
- It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
That’s fair, but I was talking about online payments for digital goods, such as VPSes, vpns, donations, etc.
Also, let’s say irl stores adopted cryptocurrency as a payment method. Your bank wouldn’t know what you’re buying and therefore wouldn’t be able to sell that information.
Companies selling digital goods still need to do taxes so they need to know where they are selling their product.
My bank is not allowed to sell my data by law.