A Boring Dystopia

16940 readers

209 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 3 years ago

MODERATORS

givesomefucks@lemmy.world

UFC to pay White House fighters in crypto issued by Trump company (www.theguardian.com)

submitted 2 days ago by FlashMobOfOne@lemmy.world to c/aboringdystopia@lemmy.world

13 comments fedilink hide all child comments

The Ultimate Fighting Championship (UFC) announced on Friday that it will pay bonuses to fighters in a form of cryptocurrency issued by Trump family business World Liberty Financial at the heavily publicized White House mixed martial arts event on Sunday.

The development connects the Trump family’s financial interests to the high-profile UFC competition being promoted on government property. The competition on the south White House lawn is scheduled for 14 June, Donald Trump’s birthday.

The UFC said some fighters will receive bonuses in World Liberty Financial crypto called “stablecoins”, whose value is pegged to the US dollar. World Liberty named the currency “USD1”.

you are viewing a single comment's thread
view the rest of the comments

[–] WaxRhetorical@lemmy.world 0 points 1 day ago (1 children)

If you believe a Trump-issued stablecoin is going to be actually honored if you want to cash out, I've got a bridge to sell you. Given everything that has happened in the last couple of years, and last couple of decades, do you honestly expect the due diligence to be correct and the books to not be cooked?

[–] redsand@infosec.pub 1 points 1 day ago

Cook away. They'll cash these coins out no problem. The liquidity comes from elsewhere and serves multiple scams