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Started By
Message
Libra/Melania coin co-founder interview, Update not looking good for Milei
Posted on 2/17/25 at 10:22 am
Posted on 2/17/25 at 10:22 am
If you have not been following the news
Business Standard Source
Coffee does a great interview and just lets the guy talk in circles and he basically constantly contradicts everything he says
TL;DW
- Admits that the team (not him) rug pulled investors
- Guy fears for his life so that is why he is speaking out
- Admits he was behind Melania coin, and other SOL coins are all rug pulled the same
- Discloses he worked closely with Milei mupltiple times, but then says he knows nothing
- Says all crypto including BTC is a scam on retail
- Suggests no one invests in meme coins
- Alleges Trump coin insiders made money prior to launch, duh
- Still pushes for no regulation in these markets
I dont think anyone is shocked or surprised, but it is clear like SBF he thinks talking to the media will some how make him look better.
Guy is sitting on around 110M dollars, and said he made no money
But also said he does not work for free.. Portnoy was already refunded 5 million dollars... wonder why
quote:
Argentine lawyers have filed criminal fraud charges against President Javier Milei, alleging that his promotion of a cryptocurrency, lesser-known memecoin $LIBRA, led to financial losses for investors.
Business Standard Source
Coffee does a great interview and just lets the guy talk in circles and he basically constantly contradicts everything he says
TL;DW
- Admits that the team (not him) rug pulled investors
- Guy fears for his life so that is why he is speaking out
- Admits he was behind Melania coin, and other SOL coins are all rug pulled the same
- Discloses he worked closely with Milei mupltiple times, but then says he knows nothing
- Says all crypto including BTC is a scam on retail
- Suggests no one invests in meme coins
- Alleges Trump coin insiders made money prior to launch, duh
- Still pushes for no regulation in these markets
I dont think anyone is shocked or surprised, but it is clear like SBF he thinks talking to the media will some how make him look better.
Guy is sitting on around 110M dollars, and said he made no money
But also said he does not work for free.. Portnoy was already refunded 5 million dollars... wonder whyThis post was edited on 2/19/25 at 12:36 pm
2
Posted on 2/17/25 at 1:51 pm to UltimaParadox
Well did not think there was any chance Milei could get impeached, but now I am not so sure.
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Posted on 2/17/25 at 4:23 pm to UltimaParadox
Doesn't everyone involved in this scheme know this ahead of time
Posted on 2/17/25 at 7:12 pm to HailToTheChiz
Aren’t most of these coins besides bitcoin just some big scam?
Posted on 2/17/25 at 10:36 pm to GeauxTigers123
A scam requires deception. XRP is a scam. Tokens like the ones in the OP are just straight up donations from stupid people to smarter, morally bankrupt people.
Posted on 2/18/25 at 12:32 am to UltimaParadox
quote:
Well did not think there was any chance Milei could get impeached, but now I am not so sure.
I don't think there's a snowball's chance in hell he gets impeached. Nobody in Argentina was really hurt by this, and Milei's approval ratings are like 65% there. The riots would be insane if they tried to oust him.
The opposition knows how popular he is and is just throwing more shite at the wall to see what sticks.
That said, Milei did frick up by posting about this memecoin, and it is Argentina, so who knows for sure.
Posted on 2/18/25 at 6:08 am to GeauxTigers123
quote:
Aren’t most of these coins besides bitcoin just some big scam?
Yes, and this is isn't debatable.
Posted on 2/18/25 at 11:17 am to UltimaParadox
quote:
he promoted CoinX (a ponzi) in 2021 while Senator. what a complete and utter disgrace for a head of state.
So what people are saying he'll get impeached over, he did pre-presidency as a senator?
Posted on 2/18/25 at 1:46 pm to GeauxTigers123
quote:Pretty much yes
Aren’t most of these coins besides bitcoin just some big scam?
Posted on 2/18/25 at 6:04 pm to stuntman
quote:
That said, Milei did frick up by posting about this memecoin, and it is Argentina, so who knows for sure.
that is my thoughts, still think it is very unlikely but they are coming after him hard. Since it has happened twice dont think he has much excuse except it was fraud.
Plus Argentina is one of the most corrupt countries on earth
Posted on 2/18/25 at 6:35 pm to UltimaParadox
The key takeaway I saw was they’ve improved the scam. Not only have they created a bot that allows them to extract liquidity quicker than the next sucker, but now they are implementing tools that let them push liquidity back into the trades to create a slow bleed instead of the familiar rug pull.
My guess is they hoped to profit from transaction fees that resulted from degenerates trying to out hustle one another.
In this instance it seemed they were waiting for a second Milei tweet to signal buying back coins to stabilize or legitimize the coin price action. When that tweet didn’t occur the bottom immediately fell out.
My guess is they hoped to profit from transaction fees that resulted from degenerates trying to out hustle one another.
In this instance it seemed they were waiting for a second Milei tweet to signal buying back coins to stabilize or legitimize the coin price action. When that tweet didn’t occur the bottom immediately fell out.
Posted on 2/19/25 at 12:30 pm to lsuconnman
quote:
In text messages reviewed by CoinDesk, Hayden Davis, CEO of Kelsier Ventures, claimed he could "control" Milei because of payments he had been making to Karina Milei, a powerful figure in Milei's government, not to mention the president's sister. "I control that n****," Davis claimed in text messages from mid-December, adding, "I send $$ to his sister and he signs whatever I say and does what I want."
Coindesk article
Posted on 2/20/25 at 7:28 am to lsuconnman
Coffee posted an update.. confirming most of the suspicions
- Meteora platform who launched Trump/Melania coin etc is crooked
- Pretty much all these coins are rigged
- Milei's team sells access to him and collects
- Unlikely anyone gets prosecuted with US regulatory system gutted
Posted on 2/20/25 at 10:22 am to UltimaParadox
Seeing on X this guy suicided
Posted on 2/20/25 at 6:13 pm to jefforize
Milei is one of the best politicians on the planet, but no one is perfect.
Posted on 2/20/25 at 9:17 pm to UltimaParadox
quote:
Coffee posted an update.. confirming most of the suspicions
- Meteora platform who launched Trump/Melania coin etc is crooked
- Pretty much all these coins are rigged
- Milei's team sells access to him and collects
- Unlikely anyone gets prosecuted with US regulatory system gutted
Isn't this a no shite type moment? No one will get prosecuted because the regulations have not caught up to this
Posted on 2/21/25 at 8:52 am to jefforize
quote:
Seeing on X this guy suicided
Obvious outcome, but somebody should still investigate Hillary.
Posted on 2/21/25 at 9:34 am to jefforize
quote:
Seeing on X this guy suicided
Think this has been debunked now, just in hiding I guess. I am guessing he he hopes everyone thinks he is dead
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