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“Capital certainly goes on and instantly where it is most desired, and where most of it is to be made, as the water moves to find its level.”
– Walter Bagot (1873)
Question: What is the cost for dinner with the President?
official website Promoting “Dinner with President Trump” pitchs the opportunity as the most exclusive invitation in the world.
(Readers be careful, the site has more capitalization than the German dictionary.)
In particular, the dinner is “only for the top 220 $ trump coin holders,” which really makes it very exclusive: you will need to buy about $ 380,000 of Trump to break in the top 220, Per solcan,
It cannot take as much as some of the top 220 addresses (which will probably not register their holdings) and some are individual holders who may not want to be KYC’D-will want the name of the service service, not only fmemyxfaszdyadxycg8cctrnb1amsdoiggogoggogoggoggoggoggoggoggow3sixnzmnb ().
Nevertheless, close to it seems like a steep price for 220 people to eat – even if it is “the most exclusive invitation”.
Also, it is not.
The top low on the site is an invitation for a “exclusive reception” for the top 25 holders of Trump.
I did mathematics and 25 is less than 220, so I think He The world’s most exclusive invitation should be.
I am sure they will both feel exclusive – in both cases, “Black tie is optional and favorite.”
But the top 25 also gets a tour: “In addition, we have arranged a special VIP tour separately.”
(The correct grammar appears to be optional and No Favorite.)
The 25th largest holder of $ Trump (except exchanges) is currently about $ 5 million.
Interestingly, this means that the market is pricing the event with 11x less people – 13x low cost – very efficient!
If you also add to the value of VIP tour, I would say that crypto market is happening Extremely Efficient in pricing pricing relative to these two invitations – so that I am sure that Eugene Famma is writing a paper on it soon.
Fama- The high priests of skilled markets-perhaps will wait until we detect the correct cost of dinner (although exclusive), which will not be determined till the east on May 12 (ie, when they take a snapshot for eligibility).
The organizers are very clever about eligibility: “Your Average holdings Will determine your ranking during this period. ,
I guess that the average price will be difficult, so attendees will have to buy $ Trump well in more than minimum if they want to invite themselves.
This can be expensive, but the final cost will be a task of how much the Trump goes down immediately after the record of the record (such as when a stock falls after paying the dividend).
Dinner News yesterday increased the price of Trump by about 20% and I am speculating that such invitations will be priced in future, so the tokens should not be given back All Among those benefits on 12 May.
If it gives back, says, 10%, the actual cost of a particular dinner with the President will probably be around $ 40,000.
Nice to know!
Q: How do you know that it is real?
Because I read FAQs of the website:
Question: Is $ Trump Still a Memcoin?
This is now the real utility: dinner with the President! And perhaps a tour !!!
So, no, I don’t think it is.
$ Trump is now a utility coin.
Question: Who are the audience targeted for dinner?
Looking at the site, they appear to target people who have $ 380,000+ Memcoin Utility coin, which prefers random capitalization and dislike grammar, and who find an infomercial vibe seductive of the 1990s.
I do not know who lives in the overlapping middle of that vein diagram, but I would like to find out.
Even more importantly, it raises the question as to why people wonder that there is a risk of $ 380,000 due to being one of the 220 people in a room with the President.
The answer can be gentle: entertainment value, the right to blow or simple fandum.
But it can also be frightening: buying an impact with the President.
Call me naive, but I think it is former – mostly because the website indicates that it is really only for entertainment purposes and will participate in dinner No Forgive you for any federal crimes.
It looks like one of the Nigerian prince emails that deliberately written with poor grammar, impossible stories and bang red flags to ensure that only the easiest goals would answer them.
(Scammers do not want to waste time on anyone, who is likely to find out that they are scam.)
A similar calculation is done to select the Trump Dinner website for those who really think that being one of 220 people in a room with the President is worth thousands of dollars (not expected of anything else).
Question: How much has the Trump family extracted from Crypto so far?
Crypto-scaptic Molly white This is a sum of about $ 1 billion, although it is just a partial accounting (its total US bitcoin mining leaves some big ticket items such as 20% of the company. Recently honored Eric Trump).
But I don’t think you can blame Crypto for this – as bugot notes, capital (in any form) will flow, where it wants the most, such as finds water levels.
However, the capital flows inconsistently with crypto.
Comparing, Amazon is Allegedly Paying $ 40 million for the rights of a documentary on the first woman that they know that almost no one will see.
This at least seems to be very low as any crypto money that the Trump family has earned – but it is only 0.002% of Amazon’s market capitalization.
In contrast, the Trump family possibly extracted from the crypto $ 1 billion Crypto has 0.3% of the market capitalization – 150x more.
The big picture, I think this is because Crypto, where everything is financial and traditional, focuses on its market value more than its market value.
This is good because this newspaper creates opportunities for writers who can otherwise stock the shelves on the home depot or something.
But this is also bad because it creates large -scale big opportunities for grifing.
Question: Is Crypto worth it?
I hope-partially because I am not ready to start my near-retirement job at home depots yet.
But also because I still believe Resistance money Thesis that the world is a better place with bitcoin without it and Chris Dixon’s thesis that crypto can be an anti-corporate, decentralized recurrence of the Internet.
For the latter time reminder, you can hear one Conversation Tyler Cowen was with Chris Dixon this week.
Among other things, Cowen predicted that “without an open source, we may end with two governments, US and China.”
(Because every other government will be outsourced for the AI model created in America or China.)
For better and worse, Crypto is open-source money and markets.
Question: Will you buy equity from someone wearing a hoodie?
No if they had a hood AboveNo.
But he is just me.
Mark Zuckerberg wore a famous pajamas, which was in a meeting with Sikoia Capital and worked very well, so perhaps the new bitcoin venture of the maller, twenty-oneWill also work outside.
(On the other hand, there is also a T-shirt on stage with shorts and Bill Clinton and Tony Blair wearing shorts for the reshuffle of Sam Bankman, so probably not.)
In short, twenty -one “will introduce two major performance metrics”: bitcoin per share (BPS) and bitcoin return rate (BRR).
It is a tech on the “bitcoin yield” metric which was invented by Michael Sayler for the strategy, so I believe that the business plan of the twenty one is to sell equity above the NAV (which is not really a professional plan – it is just financial engineering).
It worked for the strategy, of course, but the strategy was earlier and it had a special sauce of Michael Sayler.
I am not sure this is a repetition, okay, strategy,
But the CEO’s picture will probably filter any investor who agrees with me.
It will be to decide whether it is twenty -one (and Trump’s dinner), where the capital “is the most made.”
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