Michael Snoyman on Nostr: I don’t know the details of the Trump coin, but almost certainly market makers. ...

I don’t know the details of the Trump coin, but almost certainly market makers. You’d be shocked (or not) to find out how much the centralized exchanges demand from companies looking to list tokens, including presence of market makers. The grift for everyone involved is amazing.

I happen to think there _is_ a use case for some projects in the crypto space and that governance tokens with assigned portions of revenue is a fair method for compensation, so I’m not against all coins but BTC. But clearly this stance doesn’t apply to pure meme coins.