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The History of What is the Good Life
I know it's hard to imagine, but I've even heard that some people like to leave the house and socialize.
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Philosophers in this comic: Socrates, Epicurus, Henry David Thoreau, Immanuel Kant, Ludwig Wittgenstein
Permanent Link to this Comic: https://existentialcomics.com/comic/586
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Does Elon Musk have a carte blanche at this point to violate all the (federal) laws? I think so.
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Chris Calimlim
Editorial Associate
Los Angeles, CA
Daniel Prince, host of the Once Bitten podcast, has recently alleged that conflicts of interest and nepotism were part of the motivation for choosing Solana as the chain for launching TRUMP, the official meme token of the U.S. president.
Conflicts of Interest and Nepotism Involved in TRUMP Token Launch on Solana
Daniel Prince, host of the Once Bitten podcast, has alleged the launch of TRUMP, the official U.S. president meme token, on top of Solana was influenced by several factors.
Prince alleges that the investments of David Sacks, the soon-to-be-appointed crypto and artificial intelligence (AI) czar of the Trump administration, has indirect investments in Solana and the Solana ecosystem through Craft Ventures, a VC fund he co-founded in late 2017.
Craft Ventures invested in Multicoin Capital, a VC fund that led Solana’s Series A $20 million funding round in 2019.
Multicoin has invested not only in Solana, but also in several projects of the Solana ecosystem, including Jito, Marginfi, Metaplex, Serum, Solscan, and Wormhole.
Also, Lyndon Rive, one of the angel investors in Solana, is one of the cousins of Elon Musk, who is also part of Trump’s administration as co-head of the Department of Government Efficiency (D.O.G.E.)
Prince also pointed out Rive was co-founder and CEO of Solarcity, a solar solutions installer company founded in 2006 which faced a problematic acquisition process.
Tesla acquired the company in 2016 for $2.6 billion, a purchase seen as a bailout by a group of Tesla shareholders. The dispute was taken to court and Musk won, denying that he had pressured the Tesla board for the deal to go through.
On the launch of TRUMP on Solana, Prince stated:
So, could it be at all claimed that maybe, just maybe, there is a conflict of interest, insider trading, and nepotism involved in launching TRUMP?
The launch of TRUMP stunned the crypto world, scaling to be almost the top 14th cryptocurrency in record time. However, at the time of writing, TRUMP is the 21st largest cryptocurrency project, registering trading volumes of over 44 billion in the last 24 hours.
Read more: TRUMP Token Stuns Crypto World, Becomes 14th Largest by Market Cap in Record Time
However, not all believe TRUMP’s launch is good for the crypto environment. Skybridge Capital’s Anthony Scaramucci, Bloomberg’s Intelligence Eric Balchunas, and others believe that TRUMP has negative implications for the crypto industry moving forward.
Read more: Trump’s Meme Coin Sparks Uproar: Anthony Scaramucci Calls It ‘Bad for the Industry’
"Marred!?" Aren't conflicts of interest and nepotism exactly Trump's brand? This is what you signed up for! I'd be disappointed if these crucial elements were missing.
Los Angeles, CA
Meta CEO Mark Zuckerberg's decision to fire his fact-checking team has opened the floodgates to a deluge of scams, hate speech, propaganda and lies. I first discovered how the platform used by 3.2 billion people was being misused when I started sub-editing at the Post in 2017. Every news story about the plight of the Rohingya was followed -- in seconds -- by dozens of crude memes and...
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