Bitcoin Forum

Economy => Economics => Topic started by: soy on January 21, 2016, 11:16:51 PM



Title: Could US Bitcoin survive a Trump presidency
Post by: soy on January 21, 2016, 11:16:51 PM
 Trump is riding a xenophobic wave.  Isolationism has support.

Bitcoin is an international currency (if I may use that term).

Banks value the fiat at their core.  Casinos, like insurance companies, are fiscal conservatives, essentially banks.  True one can gamble in any currency but banks have fiat at their core.

If Trump were to be elected, or any Conservative for that matter, how would it effect US Bitcoin?

soy


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: oblomov on January 21, 2016, 11:43:45 PM
Republicans tend to manage economic policy in such a way that the US dollar weakens against other currencies.

This benefits US-based exporters and commodity producers.

It's less beneficial to money center banks and finance companies.  Such firms tend to favor Democrats.

The Democratic party is the Upstairs-Downstairs Party.  It favors the very rich and also the poor people they exploit with subprime mortgages and payday loans.  Subsidies for everyone!

The GOP appeals more to the middle-class shoe store owners and real estate agents.  And CEOs of manufacturing concerns, of course.

Trump would be more aligned with traditional GOP constituencies, so BTC should go up under his presidency as the USD devalues.

But up steadily, no spikes as in late 2013.  Bubbles and spikes are more typically features of a Democratic presidency.



Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Pab on January 22, 2016, 02:10:13 AM
Trump will be not USA president,if he will be president it is any problem for Btc but big problem for USA


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: DrLove2048 on January 22, 2016, 02:51:49 AM
It really doesn't matter, let's be real here the president is just a figure head... no real power.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: The Sceptical Chymist on January 22, 2016, 03:02:07 AM
I cannot stand Donald Trump.  He's lived far too long on this planet, spreading his unique brand of garbage--and I'm not a political guy.  Yes, bitcoin would survive Donald Trump.  The question is, would the United States?


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Moneyburner on January 22, 2016, 03:04:07 AM
This will never happen Trump is too focused on being relevant again instead of focusing on winning a presidency


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: soy on January 22, 2016, 04:31:04 AM
Conservatives are about 'We have the money and we're going to keep it.'  To conserve, leave unchanged.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Laviathon on January 22, 2016, 04:39:07 AM
I don't think it will effect anything.   I would think that the value of a bitcoin would be a lot more effected by what happens in China than it would in the U.S.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: madonnino on January 22, 2016, 08:43:53 AM
I hope for the United States that trump will not the next president, it's not the right person to do this work


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Ch3wbacca on January 22, 2016, 08:53:36 AM
I think Trump will lead the US into another period of great depression and market weaknesses.

This could potentially lead those with money into other markets to hedge their money for returns.

One of these hedges could be BTC, which could hypothetically increase its adoption and useage and confidence weakens in the banking systems seen in the US.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: European Central Bank on January 22, 2016, 06:36:57 PM
I'd love to see him win for the pure lulz. Who care about bitcoin in that case? Can the US itself survive?


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: bearex on January 22, 2016, 06:45:58 PM
Sure, USA does not decide what happens with BTC. It is within hands of people.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Erkallys on January 22, 2016, 06:47:58 PM
I don't see why it could be bad for Bitcoin for any reason. Since Bitcoin isn't regulated there, he can do nothing bad for Bitcoin except tax it. However, if he do so, this mean that the U.S. officially recognise Bitcoin as an official currency, and this would be far better than all the threats that taxation can bring, at least 25% of the U.S. citizen would be aware of Bitcoin's existence.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Arcteryx on January 22, 2016, 06:49:35 PM
I am sure his vote count would go up if he fully was behind bitcoin and it's rise into the main stream.
It can only help his campaign but many would say it would tarnish bitcoin's reputation, so it would not be a match made in heaven.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: mtnsaa on January 22, 2016, 07:31:05 PM
Trump seems predictable but he's not, Bitcoin actually can go both ways, it can also be an instrument of neo-liberarism if you think about. However I don't think he has a chance to become the next US president. If Trump is somewhere close or seems to have a clear chance, millions people will go to vote against him to avoid that, it's that simple.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: odolvlobo on January 22, 2016, 07:41:03 PM
Bitcoin would easily survive a Trump presidency, but the U.S. probably would not.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Arcteryx on January 22, 2016, 07:50:15 PM
Trump seems predictable but he's not, Bitcoin actually can go both ways, it can also be an instrument of neo-liberarism if you think about. However I don't think he has a chance to become the next US president. If Trump is somewhere close or seems to have a clear chance, millions people will go to vote against him to avoid that, it's that simple.
So you are saying if he says anything about bitcoin in his campaign people would turn away from it as a viable currency because they don't believe in his values and his endorsing it will make it go stale in the eyes of the public voters?


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Meuh6879 on January 22, 2016, 07:54:58 PM
Bitcoin is not US.
Like Internet.

https://getaddr.bitnodes.io/ and http://coinmarketcap.com/currencies/bitcoin/#markets


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: BellaBitBit on January 22, 2016, 07:55:13 PM
IF Trump would win, which I am not sure that is possible, I think Bitcoin would survive because Trump is probably already invested.  He is creative enough that he would find a way to work with it (creative money wise...only)


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Meuh6879 on January 22, 2016, 07:56:36 PM
Trump is like Bush ... a puppet.
it will change nothing.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: simon66 on January 22, 2016, 08:00:34 PM
I don't think that there is any president, dictator, prime minister, or leader of any sort from any country that could do anything that bitcoin would not be able to survive.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Arcteryx on January 22, 2016, 08:50:05 PM
Bitcoin is not US.
Like Internet.

https://getaddr.bitnodes.io/ and http://coinmarketcap.com/currencies/bitcoin/#markets
Sure the internet was invented by the US Al gore saw to that with his stint in the CIA/FBI and if anybody finds out who is the creator probably would be traced back to good u s of a too.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: RodeoX on January 22, 2016, 09:03:08 PM
I don't think that there is any president, dictator, prime minister, or leader of any sort from any country that could do anything that bitcoin would not be able to survive.
I agree with you. Despite the thousands of posts I have seen warning of a "takeover" of BTC, not a single one of them includes a plausible method of doing it. Until I see that I have no real concern.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: eternalgloom on January 23, 2016, 12:18:27 AM
I think there is very little chance that Trump will win these elections. But if he does, it would just be very unlikely that he would ban the usage of Bitcoin.
He'd be focussing on much more popular issues, most likely..


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Hazir on January 23, 2016, 12:23:00 AM
Trump is riding a xenophobic wave.  Isolationism has support.

Bitcoin is an international currency (if I may use that term).

Banks value the fiat at their core.  Casinos, like insurance companies, are fiscal conservatives, essentially banks.  True one can gamble in any currency but banks have fiat at their core.

If Trump were to be elected, or any Conservative for that matter, how would it effect US Bitcoin?

soy

I doubt that Trump will pay attention to bitcoin, there are more important matters than fighting cryptocurrencies. And from what I could see Trump is rather pro bitcoin than against it.
Trump is not even a president and we see grim signs of rejection, services which accepted bitcoin before now discontinued bitcoin support. I can't be worse.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: foggyb on January 23, 2016, 04:33:27 AM
Trump is like Bush ... a puppet.
it will change nothing.

Trump is a puppet? How so? As far as I can see he is owned by no one. He can't be bought.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: justspare on January 23, 2016, 04:39:45 AM
To be honest, Donald Trump should never in a million years become the president of the United States of America.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: kheein on January 23, 2016, 04:44:08 AM
I think donald trump would not be the American president, when he became president of the American certainly will get a lot of problems due to act donald trump.and bitcoin will not get anyone problems who became president of the American


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: BitTraderCute on January 23, 2016, 04:45:40 AM
Sure me NO
trump is very bad with islam
i think potentially new war in the world


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: foggyb on January 23, 2016, 04:46:50 AM
To be honest, Donald Trump should never in a million years become the president of the United States of America.

Why not? Sure he's rude and obnoxious, but tell me why that makes a bad leader? He's very successful business man obviously. Couldn't it translate to being a great leader? He'll be too busy making America great to have time to deport mexicans.  :P


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: FlyingSaucer on January 23, 2016, 07:05:30 AM
Trump would probably try to appease the US banks and outlaw bitcoin or something.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Rizky Aditya on January 23, 2016, 08:00:06 AM
I really hate Donald Trump. He is the definition of douche bag. I really don't even know why he is running for president.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Kprawn on January 23, 2016, 09:11:48 AM
America needs a president with common sense and someone who cannot be bribed or bought... Yes, Donald Trump have some issues with some groups of people and there are

reasons for that. The National debt in the USA is out of control and you need someone who will take the Bull by the horns and not pull punches or be afraid to step on people's

toes. If Donald Trump become president, he will have the balls to turn around this situation and use every tool in his arsenal to combat economic collapse, including controversial

technologies like Bitcoin.  ;)


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: calkob on January 23, 2016, 10:01:10 AM
cant imagine that the american people will be told what to do with their bitcoin by a numpty like Trump.  Anyway there is no chance Trump is gona be president...... ;)


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: soy on January 23, 2016, 08:49:27 PM
I don't see why it could be bad for Bitcoin for any reason. Since Bitcoin isn't regulated there, he can do nothing bad for Bitcoin except tax it. However, if he do so, this mean that the U.S. officially recognise Bitcoin as an official currency, and this would be far better than all the threats that taxation can bring, at least 25% of the U.S. citizen would be aware of Bitcoin's existence.

Under a Democratic president, the Presidency kowtowed to banks and Wall Street less than if a Republican were in office.

And the press coverage of the Dark Web, and I feel that should be busted, is bad for Bitcoin.  No matter that more crime is paid for with dollars than with Bitcoin.  A Republican presidency might be more responsive to outcries that the Dark Web depends on Bitcoin whether the Dark Web can turn to some other cryptocurrency or not.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Karpeles on January 23, 2016, 09:04:21 PM
Why not?

He has other priorities for his government and I don't see him opposing Bitcoin.

Not that someone ever asked him, though


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: soy on January 23, 2016, 09:07:36 PM
Bitcoin is not US.
Like Internet.

https://getaddr.bitnodes.io/ and http://coinmarketcap.com/currencies/bitcoin/#markets
Sure the internet was invented by the US Al gore saw to that with his stint in the CIA/FBI and if anybody finds out who is the creator probably would be traced back to good u s of a too.
Shall we differentiate between the internet and the world wide web?  The earliest days of the internet had been university sharing of US Department of Defense non-secret data I believe.  Then there were connected servers allowing access but no privacy - one could log in and go up a few directories and into others' directories and read everything that wasn't nailed down tight unix permissions.  The idea of privacy really wasn't respected at the server level until about the time of commercialization.  Am I right or wrong?

Isn't there an identifier for everything connected to the internet and at the top is dod?  I recall looking into security on my local network and learned there's an identifier for displays, printers, of course NIC (and I don't mean the MAC address), and all of these are in a tree with dod at the top?


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: soy on January 23, 2016, 09:11:15 PM
Why not?

He has other priorities for his government and I don't see him opposing Bitcoin.

Not that someone ever asked him, though

I suppose it would be possible for it just not to be brought up during the campaign especially if there were plans to attack once a Republican is in office.  Chips would be called in and he'd hear You owe us.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: soy on January 23, 2016, 09:15:33 PM
Can you imagine if the Dark Web were brought up during a Democratic/Republican debate?  There'd be a pissing contest as to who'd attack it the most effectively.  Bitcoin will be hurt.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: sishendaoye on January 23, 2016, 09:44:11 PM
I don't think that there is any president, dictator, prime minister, or leader of any sort from any country that could do anything that bitcoin would not be able to survive.

So do I. But i am wondering.
Can the US survive a Trump presidency.
I think not, he would kill most business by making weird legislation, like banning trade with anybody who is called Hassan.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: soy on January 23, 2016, 09:50:57 PM
Or a spurious argument that the Dark Web didn't exist before President Obama.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Backside walkaround on January 23, 2016, 09:54:46 PM
I'm down with xenophobia but not down with Trump.  He is an asshole of the most severe class and always has been.  The US would survive his presidency, but just barely I think.  Or it could be the apocalypse.


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: bitcoinmar on January 23, 2016, 09:56:36 PM
I don't think that there is any president, dictator, prime minister, or leader of any sort from any country that could do anything that bitcoin would not be able to survive.

So do I. But i am wondering.
Can the US survive a Trump presidency.
I think not, he would kill most business by making weird legislation, like banning trade with anybody who is called Hassan.
Yes if he is going to do this then he is going to kill US economy because they are doing too many businesses with the name of Hassan and like these


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: Abiky on January 23, 2016, 10:03:14 PM
I don't really think that Trump will be getting anywhere in my opinion. But if he does win, Bitcoin might survive it and even if Trump decides to tax Bitcoin, then it would be considered as a currency for normal use and thus increase awareness to those citizens who didn't heard about BTC at all.  :)


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: soy on January 23, 2016, 10:47:44 PM
I'm down with xenophobia but not down with Trump.  

All of us WWII baby boomers ('45-'50) probably wondered why the immigration quotas weren't working and that demographics that effected us personally were changing.  I have a couple of theories.  1. The US economy was the largest followed by US foreign investments after WWII as the major industrial areas of Europe and Japan were leveled and had to be rebuilt with American loans.  The US economic powers that then were, needed a US presence in other countries and didn't want to set an example of seriously blocking immigration regardless that the rate changed demographics.  2. The US southland treating black badly drove them north and having lived being treated criminally and denied decent education were prone to crime ruining major northern cities (I was born in Brooklyn).  So, the Vietnam war was truly racist to punish southerners (priding themselves as warriors) and blacks.  Meanwhile there were low-incoming housing projects like on Long Islands gold coast (who in their right mind would put projects for poor blacks in the domains of the very, very wealthy old money families?) which I think was to promote a less aggressive prosecution of anti-Vietnam war protesters (Vietnam a racist war).  Now you had black housing projects where previously the minorities were black families who served the wealthy and were/are quite nice, and Italian immigrants.  The non-project landlords, like the Italians, made it very clear they would house Latino immigrants and fill their minority housing requirements with Latinos.  So, the real estate and housing lobbies saw the increased population pressure and rising profits, so did banks.  


Title: Re: Could US Bitcoin survive a Trump presidency
Post by: btckold24 on January 24, 2016, 05:55:05 AM
wow I can't imagine trump being president!

To me he is just good water cooler talk. The scary thing is the republicans are so depleted I dont see who could beat him. Which means
hillary wins in a landslide.

I think bitcoin could thrive under trump. He is very pro business.