Balaji Srinivasan Says Donald Trump Should Airdrop Official Memecoin to His Supporters – Here’s Why
Former Coinbase executive Balaji Srinivasan thinks Trump should consider airdropping his newly launched official memecoin to his supporters. Srinivasan tells his 1.1 million followers on the social media platform X that Trump is “now strongly incentivized to legalize cryptocurrency in the most aggressive way possible.” But he also argues there’s an “alignment problem” with the new TRUMP coin. “As context: the CEO of a company is typically one of the largest shareholders, but he is aligned with all his employees because they hold the same shares. All holders rise and fall as one, ideally. By analogy, you would ideally want the President to be aligned with his citizens, such that they all held (say) USA coin, which gave some dividend from the profits of the USA. Kind of like the Alaska Permanent Fund. So, one way of solving the alignment problem would be for Trump to airdrop some TRUMP to every US citizen. However, it might be e...