How Trump’s memecoin, of which he reportedly holds $50B+ at January 19 prices, could be used to buy favors without any direct, observable transfer occurring (Noah Smith/Noahpinion)

Noah Smith / Noahpinion:
How Trump’s memecoin, of which he reportedly holds $50B+ at January 19 prices, could be used to buy favors without any direct, observable transfer occurring  —  Crypto is, in fact, about sending people money.  —  Financial disclosure: I hold a modest amount of BTC and ETH.