Thursday Mailbag: Dinners, memecoins and lobbyists

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“The value of all Wares arise from their Use; things of no use, have no value.” 

— Nicholas Barbon (1690)

Q: What did dinner with the president cost?

The final TRUMP holder to qualify for dinner with the president held 4,196 tokens, which were worth about $60,000 at the cut-off.

But that’s not the cost of the invite, because holders were free to sell as soon as the period or record ended.

If they did, they would have taken about a 10% loss, making the real cost of dinner with the president (and 219 others) about $6,000.

This is a bargain!

For comparison, a Super PAC…

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