Politics - News Analysis
Pro-Trump World Has Its Own Cryptocurrency Now, ‘Magacoin’ — And Owners Quickly Fell Victim to Massive Data Breach
We don’t like seeing anyone victimized, but at this point, if one hasn’t learned that everything Trump is all about the con, we see it as more pitiful than pitying.
Evidently, the Trump movement really is thinking about secession, what else could explain the rush for their own currency, crypto or not? Well, there is one other explanation, they simply know that “MAGA” is just a misspelling of “moron.” They are as stupid as they are loyal. This explains how it is that over 1000 committed MAGAs, including politicians and Right-wing media stars might have bought a lot of trouble for themselves by buying something made to make money. According to The Guardian:
More than 1,000 people have so far signed up to the pro-Trump cryptocurrency magacoin, including conservative media personalities and Republican figures, the Guardian can reveal.
The news comes after poor security configuration in a website associated with magacoin exposed the email addresses, passwords, cryptocurrency wallet addresses and IP addresses of users who have bought in to what its promoters describe as the “digital currency for the MAGA community”.
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The data also reveals that the lion’s share of the cryptocurrency so far produced has been allocated to the self-described creator of magacoin, a pro-Trump consultant who owns an LLC associated with the cryptocurrency, and a Super Pac associated with the same consultant.
Hmmm. One of the hardest to solve issues on the net is how to create “E-Cash,” an electronic payment method that can be kept entirely anonymous, functioning the same as “cash,” with no ability to walk back to the originator, and they cannot even protect personal information? Sounds like an operation done on the cheap.
And what a surprise! The “lion’s share” of the currency produced has gone to… the producer. That’s not exactly how currency is supposed to work, and if it somehow did work, expect to see us issue some “FlareFlashCash” in the new future. It is technically not “currency” if most of it goes to the guy producing it. We have a word for that, it is called a con, at best, straight-up fraud at worst.
Jesus, these people, it’s always been nothing more than very loosely organized crime.