Former Coinbase CTO: Advising Trump to Airdrop TRUMP to 77 million Supporters to Resolve Conflicts of Interest
Former Coinbase Chief Technology Officer Balaji Srinivasan wrote that more than 90% of Trump's net worth of about $59 billion has now been converted to crypto assets, which may have a significant impact:
The share of Trump's cryptoassets has jumped from 1% to 90%, similar to the wealth accumulation path of early bitcoin and Ethereum holders.
2) This phenomenon of rapid depreciation of non-crypto assets may occur globally in the future.
3) If the value of TRUMP tokens continues, it may prompt political and business celebrities to follow suit and issue personal tokens.
He suggested that Trump could resolve potential conflicts of interest through an airdrop scheme: at current valuations, airdropping $100 worth of locked TRUMP tokens to each 77 million supporter would cost only $7.70 billion, and even if it were raised to $500 per person, more than $20 billion would remain. Balaji believes that this scheme would not only establish a new type of "president-citizen" relationship, but also provide a public opinion basis for Trump to promote crypto-friendly policies.