Trump NFT’s: I Miss Out on the Ground Floor Again

I know virtually nothing about nonfungible tokens, but I wish I had bought a Trump NFT this week. I think they’re hilarious.

If you haven’t heard about these tokens, it’s partly because the big announcement was made on Truth Social, where information goes to die.

For people with even less knowledge than I, if any exist, I will impart the few facts I know. An NFT is a piece of digital currency, so I suppose that means it only exists as a piece of code. A method of authenticating these things has been created, and I won’t tell you what it is because I don’t care enough to find out for myself. My understanding is that if you store your money in NFT’s, you can prevent the IRS from finding out you have it. I’m not sure, though.

I don’t like NFT’s because my feeling is that they can evaporate without notice, leaving you with FN, or fungible nothing.

Stocks can also evaporate, and the dollar can, too, except for dollars made of silver and gold. Most dollars have no physical existence. Only a tiny percentage have been turned into bills and coins. The rest are imaginary, stored as numbers in computers all over the world. I don’t see how that can work, but it’s the truth. The dollar can plummet, but I think it’s less likely to do so than an imaginary coin with a dog’s picture on it.

I don’t know how NFT offerings go. Based on my knowledge of the unfairness of the world, I would guess they go like stock offerings. In a stock offering, a company sells shares to the public, and brokerages see to it that only people who are already rich can buy them. Then the prices skyrocket overnight, and the rest of us get to come in, buy shares, and watch the prices collapse.

A quick scan of the web suggests that nearly all of the people who make money from NFT’s are the ones who create or sell them. That is exactly what I would have predicted. Completely consistent with my view of the world. So probably, there are a few thousand lucky consumers who got rich buying NFT’s before they became trendy, and now the only way to profit is to be in the creation and sales business. And the whole business is propped up by suckers who buy NFT’s that generally don’t work out.

By the time suckers find out about things that make money, the money has usually gotten a lot harder to make.

Sounds like the whole thing eventually becomes a Ponzi scheme.

I’ve probably already said things that aren’t correct, so I guess I’ll stop “explaining.”

This week, Donald Trump (PBUH) issued his own NFT, and it is making leftists boiling mad. Like they weren’t already. I Googled to try to find out what it was and where to get one, but it looks like the leftweb has ganged up to make this information very hard to find. Google “buy Trump NFT,” and believe it or not, you won’t get much useful input at all. If somebody were selling a Hunter Biden NFT or an NFT with Obama’s dog on it, similar Googling would produce useful results immediately, so I’m not sure what’s going on.

If Obama issued an NFT with a grainy picture of his butt on it, Google would be drowning in positive content, the NFT would be all over every news site, and news stories would tell people where to get them. TV shows would be full of segments about them, disguised as entertainment or news but intended to boost sales.

Instead of getting information about the NFT and where to get it, I was inundated with links and excerpts excoriating Trump, ridiculing his NFT, and insisting its release was a failure.

I didn’t see any stories about the tokens being “dangerous” or “violence,” but I’m sure they are out there. I’m sure there are people claiming they’ve sustained terrible emotional damage.

Conversing with the leftist world about Trump is like stabbing a rabid dog with a red-hot fork. You can’t even have a conversation about harmless facts.

Was the release a failure? Doesn’t look that way to me. The web admits the NFT’s sold out instantly, and sources suggest $230 is a typical price for an NFT that sold initially for $99. The cheapest ones I’m seeing run almost $500. Some of the tokens are unusual, and they have sold for $24,000. How is this a failure?

There are 45,000 Trumpcoins (“Trumpcoin”?) out there, and their value is probably in the hundreds of millions of dollars. It will probably increase, because Trump is a fleeting phenomenon, and people like me would love to have these NFT’s just to remember him.

If I bought a ton of manure sculpted into a bust of Joe Biden for $99 and sold it immediately for $230, I would be thrilled. If I bought Apple for $99 and sold it the next day for $230, I would be thrilled. Why would I feel bad about selling a $99 Trump token for $230?

After several minutes of Googling, I learned that there is a website called Opensea, and you can buy various NFT’s there. I took a look at it, and it appears to be a useless site for anyone who isn’t in the game already. The prices are listed in Ethereums. An Ethereum is an NFT, so how do I buy the Trump NFT or an Ethereum if I don’t already have an NFT? I assume there is some way around it, but I haven’t looked yet and probably won’t.

That’s some catch, that catch-22.

CNN says, “Donald Trump’s NFT superhero trading cards timed the market all wrong.” So a 130% profit is what you get in one day if you time the market wrong. Timing the market right must turn you into Jeff Bezos in a week.

The Washington Post says, “Trump NFTs are not art. Unless you consider grifting an art form.” That’s a weird comment. The cards feature a funny painting (digital or whatever) of Trump, defiantly facing the viewer. Some cards feature him in cowboy hats. Others show him in a sort of Iron Man suit. Who claimed this was serious art? I’m sure no one ever did. Even if it happened, who cares? The purpose of the issue isn’t to distribute digital art. It’s to make money.

Is the Dogecoin fine art? Was that the purpose? Is any NFT fine art? I know I’ve missed nearly all the memos, but selling anything digital as fine art makes no sense at all. What good is it for me to create and sell a digital Mona Lisa if you can copy it to your hard drive in a hundred-thousandth of a second and email a million copies around the world? Maybe those copies won’t be authorized, but any idiot will still be able to view them and use them as his Windows home screen.

Even if an NFT featuring art is collectible because it’s unique, the quality of the art is irrelevant. The scarcity is what makes it valuable.

Opensea features photos of available Trumpcoins. Can’t you just download those photos? Okay, they may not be high-resolution, but does that matter when you’re looking at a photo of a picture of Trump dressed like a Marvel character?

Here’s a Trumpcoin that just sold for 15 Ethere…ae? Ums? That’s nearly $18,000. Keith Olbermann must be under sedation today.

Why call it grifting? Grifting is fraud. Why is Trump’s NFT any more fraudulent than all the other NFT’s? They’re all digital Beanie Babies and tulip bulbs. People issue them because they know they can spend nearly nothing creating something collectors will snap up and turn into a valuable asset. The whole thing is based on a desire to make money, but how is it dishonest? Everyone knows how it works.

Rolling Stone, the stoner rag that still contends Hunter Thompson was a real journalist, which is about like claiming Charlie Sheen is a journalist, says, “‘I Can’t Watch This’: Even Die-Hard Trump Allies Think His NFTs Are Cringe.”

“Cringe” is not an adjective. Grow up. Don’t you have editors? As for Trump allies, he surrounded himself with a lot of opportunistic people of fragile loyalty, and they have been subjected to insane pressure to turn on him. Naturally, some of them have flipped. What about all the Trump allies who think the NFT is funny and harmless? Count me in that group, not that I make any effort to promote Trump these days.

This is Trump. He has always been a showman. He has always loved fun. He has always loved controversy. He likes money. What did people expect?

What really angers the leftists? Probably the knowledge that the NFT’s, which they can’t trace, tax, or take away, will be worth tons of money soon. They’ll probably go into the billions at some point, and Trump will get some of that. This retards the left’s berserk efforts to starve him and his children.

Surely Trump bought some of these things. He would have to be nuts not to.

If there is anyone who needs concealable assets and money to pay armed security, it’s the Trump family. American leftists are determined to do them the way their predecessors did Czar Nicholas II and his children.

Leftists lie awake every night, tormented by visions of an improbable 2024 Trump victory. Their 2024 campaign started on the day Biden won. They will not stop reviling this man and everything he is associated with, ever. They’ll probably slow down a little when he fails to get the nomination, but they will never quit. Mental illness doesn’t go away by itself.

Trump isn’t coming back. He will be too old to run, and the GOP will see to it that he isn’t nominated. They’re already working on it. People need to quit worrying about it. Personally, I want to see DeSantis run. He’s like Trump with most of the problems filtered out.

TDS comes from the spirit world. Satan sees Trump as a friend of the church and Israel, not to mention the unborn, so he stirs up the vulnerable people he can control. Reasonable dialogue will not change anything. If leftists were reasonable, they wouldn’t run around claiming disagreeing with them is violence. Lunacy has been mainstreamed.

It’s too late for me to get my own Trumpcoin, so I guess I’ll forget about it. They have no physical existence anyway, so I couldn’t display one on my workshop wall or otherwise enjoy it.

I hope they become insanely valuable. I hope they start selling for seven figures each. I hope Trump kept a thousand of the best ones for himself. Of course, I also hope God reaches him and his enemies and helps bring agreement in Him to whoever is willing to receive it.

More

An hour into my career as a crypto expert of global standing, I have already discovered a major flaw in my grasp of the topic. Evidently, an NFT is not the same thing as cryptocurrency.

It looks like Dogecoin, as an example, is just currency, whereas an NFT is a unique digital object, and you can pay for an NFT with cryptocurrency. So I guess NFT’s are digital Beanie Babies and cryptocurrencies are sort of like stocks that aren’t backed by companies with income and assets. So when you buy a digital coin, you’re buying stock in nothing.

In the case of Trumpcoin, the asset is the digital file representing the funny picture.

On the whole, I would say give me commercial real estate.