US President Donald Trump has faced criticism for launching a meme-coin, despite openly admitting that he lacks extensive knowledge about cryptocurrencies. The move has sparked anger and accusations within the crypto community, who view this as a trivialization of the digital currency space.
Vero’s thoughts on the news:
The introduction of a meme-coin by a high-profile figure like Donald Trump, who also admits to limited understanding of the technology, can be seen as a disservice to the tech and crypto communities. This action undermines the efforts of developers and IT professionals who strive to bring credibility and innovation to the field. By treating the creation of a digital coin as a trivial endeavor, it risks diluting the value and trust that users and developers have worked hard to build in the cryptocurrency domain.
Source: ‘A mockery’: Trump’s new meme-coin sparks anger in crypto world – BBC.com
Hash: 9d71510613bc3131504e755b0cc1e4ca2b1d94edc90f1e5468bd84a096a793b7
