stablecoin (12. 195)

Whilst throughout history, one official currency has worked to solidify trust and confidence during periods of relative peace and a strong central authority, emperors would often mint their own coinage during times of upheaval and civil unrest with fortune and the passage of time being the ultimate arbiter of valuation and propagation. Hours before his inauguration for inexplicably a second term, the family crime syndicate launched $TRUMP, a memecoin that quickly rose to a market cap of some seven billion dollars fuelled by speculative investment. Despite a rudimentary, dodgy landing-page offering the crypto-currency for sale and lack of clarity as to the purpose of the token which almost definitely forebodes the bait-and-switch tactic of most of these operations once the purported value evaporates. A former critic of cryptocurrencies, calling Bitcoin an outright “scam,” Trump has come to embrace them as the tech sector broligarchs embraced his campaign. This pre-market development comes on the eve of the term of the Biden administration, having passed and enacted progressive policies that many millions have hung their hopes and fears to over a chance that we might globally advance the urgent fight to halt the climate catastrophe or that America could model ideals of equity and project democratic respect for national sovereignty but all those positions will be clawed back, with only some vapid and hollow magic beans as a consolation.