cross-posted from: https://lemmy.world/post/48169514

Some fighters will receive bonuses in ‘stablecoins’ issued by Trump family business World Liberty Financial

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”.

  • whoisearth@lemmy.ca
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    2 days ago

    I’d argue we have learned. The problem is the fox got back in the henhouse after we took it out.

    The general question which I don’t think any of us have answers for is when we correct this again how do we make it permanent?

    To paraphrasee the great Team America there will always be Dicks, Pussies and Assholes.

    • OwOarchist@pawb.social
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      2 days ago

      The problem is the fox got back in the henhouse after we took it out.

      Yep. Sweeping market regulations were put in place after the stock market crash that led to the Great Depression.

      Most of those reforms have already been removed now, in the ever-popular name of ‘removing unnecessary regulation’.

    • schipelblorp@sh.itjust.works
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      2 days ago

      To quote the great Battlestar Galactica:

      This has all happened before.
      This will all happen again.

      The Trekkian belief in inevitable progress is an illusion. Humans are trapped by their psychology into corrupt systems until we destroy ourselves.

      Until then, it’s just a cycle of learning from our mistakes, to forgetting those lessons, to repeating those same mistakes, again, and again, and again.

      • OwOarchist@pawb.social
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        2 days ago

        Humans are trapped by their psychology into corrupt systems until we destroy ourselves.

        Honestly, I think the Singularity – real superintelligent AI – might be our only chance of escaping this cycle of stupid. There’s a chance that our new AI overlords could be benevolent and above this petty human bullshit.