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Bitcoin => Bitcoin Discussion => Topic started by: legiteum on August 09, 2024, 09:13:34 PM



Title: Trump to enter the crypto business
Post by: legiteum on August 09, 2024, 09:13:34 PM
Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.


Title: Re: Trump to enter the crypto business
Post by: Upgrade00 on August 09, 2024, 09:19:47 PM
I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.
So U.S dollar 2.0? What exactly do you mean by denigrate crypto platforms and what laws can be passed to achieve that?

Please keep political discussion in the Politics and society board, there are already too many political discussions clogging this board up.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 09, 2024, 09:28:48 PM
I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.
So U.S dollar 2.0? What exactly do you mean by denigrate crypto platforms and what laws can be passed to achieve that?

Please keep political discussion in the Politics and society board, there are already too many political discussions clogging this board up.

Now that crypto is the biggest single donor to US elections this cycle (https://followthecrypto.org/), it's hard see where politics ends and Bitcoin begins. I personally would love nothing more than for Bitcoin and crypto to have nothing to do with US politics--like it has in previous elections--but this year is clearly very different.

And Trump entering the Bitcoin space is a clearly a business story, not just a political one.

And how would Trump compete against Bitcoin if he was elected? Very carefully, I am sure, but it's really not very hard when you have the entire US government on your side. All he has to do is require features that he knows only his platform has and get government approvals that only get can get. Trump will have the SEC, the DOJ, the FBI, the FTC, and a bunch of other agencies directly under his control--and this isn't even checked by Congress. And if he wins he will also most likely have a majority in Congress, meaning he can basically pass whatever law he wants. I don't think it's really necessary to use this space to come up with all of the ways Trump could do it--it's just too easy :).











Title: Re: Trump to enter the crypto business
Post by: tread93 on August 09, 2024, 09:50:47 PM
Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.


This is all just noise. Trump is trying to make some crypto plays something that no other president has done. News flash his businesses have lost money since he entered politics. He will try to form a company and profit from it like any businessman would. If you want to talk about a POS we can discuss Biden who has been laundering money for years and years and years though his handshake hush hush deals with China and Ukraine. Trump will at least do it in a legitimate way. I’m so sick of people bashing Trump, if you’re not voting for Trump in this election you’re not an American you’re probably foreign or have no clue wtf is actually going on here.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 10, 2024, 02:33:56 AM

This is all just noise. Trump is trying to make some crypto plays something that no other president has done. News flash his businesses have lost money since he entered politics. He will try to form a company and profit from it like any businessman would. If you want to talk about a POS we can discuss Biden who has been laundering money for years and years and years though his handshake hush hush deals with China and Ukraine. Trump will at least do it in a legitimate way. I’m so sick of people bashing Trump, if you’re not voting for Trump in this election you’re not an American you’re probably foreign or have no clue wtf is actually going on here.


Biden:

* Has never been indicted for any crime, let alone convicted, let alone indicted for 88 felonies as Trump has;

* Has never had any of his businesses shut down because of fraud, as Trump has for several of his businesses;

* Has never funneled millions of dollars of US taxpayer money to his companies, as Trump did during his presidency;

* Is not in the process of creating a business that competes with Bitcoin or the crypto industry generally, as Trump is;

And there is absolutely no evidence--not even conspiracy theories (which is saying something for Republicans) that Biden engaged in "money laundering" with the Chinese or any other government. And also, Biden is not running for president. So there's that.

Look, I get it: you clearly want abortion to be criminalized across the USA. I understand it's a very divisive topic, and those who think as you do will vote for absolutely anybody as long as they commit to making abortion illegal, as Trump has.

Harris is not going to use the US presidency to benefit her crypto business (because she doesn't have one, for starters). There's every reason to expect Trump will do exactly that.

Edit:

By the way, your man is basically senile at this point. Good luck trying to win anything with this vegetable:

The GOP’s new worry: Trump can’t drive a coherent message (https://www.washingtonpost.com/politics/2024/08/09/gop-trump-message/)



Title: Re: Trump to enter the crypto business
Post by: Darker45 on August 10, 2024, 04:17:04 AM
The Trump family has been into crypto business already. Trump Sr. has already released his NFTs and made millions out of it as early as 2022. That, despite his pronouncements against Bitcoin, even calling it "a scam against the dollar", a year prior.

Now that he's been praising Bitcoin no end-- although he speaks of it as if it is interchangeable with crypto-- there's no reason why his family would step on the breaks.

The family has certainly made even better following within the crypto community after Trump Sr.'s various interviews, speeches, and other public addresses that are even covered by the media in which he is so generous in speaking in favor of crypto. No way would they not take advantage of it. As a matter of fact, they've already quickly released Bitcoin-themed sneakers. And it was a sold-out.


Title: Re: Trump to enter the crypto business
Post by: fuguebtc on August 10, 2024, 05:36:56 AM
From what I can see , the noise around Trump and bitcoin is slowly dying down and some people are getting bored with the same topics . A democratic party supporter like you should stop creating topics related to Trump and instead create topics related to the democratic party  ;) ;) ;) . Because what you're doing is attacking and spreading negative things about Trump . But I'm not sure if it will work or not and make people stop voting for him , but you are running free ads for him as his name keeps coming up and attracting people's attention .

Their family is famous for being a business family, so the fact that they or their relatives take advantage of every opportunity to make money is nothing new or surprising, and that is the nature of capitalist entrepreneurs. If you don't like it then stay away, that's all .



Title: Re: Trump to enter the crypto business
Post by: peter0425 on August 10, 2024, 05:45:17 AM
Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.
Well it is not an actual coin or token at least and instead is just a platfform. Maybe this will compete against other established exchanges but they still have a long way to go. Seeing the positives here, this means that Trump or at least his family is serious with their interest with crypto.

If he does not win presidency, he still can very much resort to crypto and launch his own memecoin. Either way, crypto will definitely and rightfully get some exposure to the citizens of america.


Title: Re: Trump to enter the crypto business
Post by: Crypt0Gore on August 10, 2024, 05:53:05 AM
I will never take this serious, there is one reason why I like the citizens of the united states, they don't take shit when it comes to leaderships, it takes them nothing to ruin Trumps reputation if he misbehave, his promise was to back the US dollars with Bitcoin, that's all and he already has a meme coin and NFTs too, I believe that's enough.

He can be opened to other alternative coins, maybe XRP like or ETH like, but we all know that nothing can replace Bitcoin, for family business they can build a exchange or something but not BTC 2.0, even if he tries to it won't be a success.

People choose Bitcoin first before Trump, in the end we care more about Bitcoin than Trump or any popular figure supporting Bitcoin, one is decentralised and the other is a human, who should we all trust if not decentralisation?


Title: Re: Trump to enter the crypto business
Post by: nutildah on August 10, 2024, 06:17:39 AM
In a way, it makes perfect sense that the Trumps would get involved in crypto. Dunno if you heard about yet it but Barron Trump's name was already used in a fiasco of a Solana memecoin (https://cointelegraph.com/news/solana-trumpcoin-crashes-95-crypto-market-downturn) that was being in part promoted by Martin Shkreli and Andrew Tate..

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

Its all promises -- that's all he does is make promises based on what he thinks his audience wants to hear; hell, that's what 99% all of politicians do.

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

If anything, it will drag the price of BTC down with the rest of the markets, just like what happened last time around. But it won't be because of anything Trump does specifically. The economy always tanks under Republican leadership, at least for the majority of my lifetime. It's just what happens.


Title: Re: Trump to enter the crypto business
Post by: mindrust on August 10, 2024, 06:23:35 AM
Donald Trump is a very successful businessman and as a successful businessman he is, like Elon and Gemini Bros., he understands the importance of the crypto industry. That’s why he is pro-crypto unlike the communist government assets like Kamala/Biden/Obamala who are anti-crypto and anti-freedom.

We are stronger when these brilliant and rich people support our cause.

Congratz Donald! Crypto for the win.


Title: Re: Trump to enter the crypto business
Post by: nutildah on August 11, 2024, 12:24:20 AM
Donald Trump is a very successful businessman

He's the best businessman. Nobody knows their way around a business like him. People tell him so. We asked ten different people on the street if they could name a better businessman than Trump and none of them could do it. Not one.

he understands the importance of the crypto industry. That’s why he is pro-crypto unlike the communist government assets like Kamala/Biden/Obamala who are anti-crypto and anti-freedom.

Nobody understands the importance of the crypto industry like him. Obama didn't get it. You can be sure Hidin' Biden didn't get it. And Kamala? Pffft. Gimme a break. You think she understands how crypto works? Forget it, folks. Its not even a contest.

We are stronger when these brilliant and rich people support our cause.

Congratz Donald! Crypto for the win.

Its a testament to the power of the U.S. political machine that the tentacles of our propaganda are so powerful they can co-opt the minds of millions of non-citizens living thousands of miles away from our borders, effectively turning them into a botnet unaware that it exists to further the spread of foreign political ideology.

We have the best propaganda.


Title: Re: Trump to enter the crypto business
Post by: snerd on August 11, 2024, 12:34:09 AM
Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.

Please, for the love of god, just stop! You’re a liar and a shill for the left. A national police force to enforce abortion?! Lololol



Title: Re: Trump to enter the crypto business
Post by: mindrust on August 11, 2024, 04:47:39 AM
Please, for the love of god, just stop! You’re a liar and a shill for the left. A national police force to enforce abortion?! Lololol

Far Left forum bots seem to like his comments. Judging from the number of merits he has been collecting lately, I can say that he will be a super commie account with 5k merits soon. He made a nice discovery. There are many communist party voters around. Good for him.


Title: Re: Trump to enter the crypto business
Post by: Die_empty on August 11, 2024, 06:02:11 AM
I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.
Your predictions have not materialized because Trump has not won the elections, and the announcement by Trump Jr. might just be another political stunt. I know that America has a vibrant Congress and Courts. Or are you seeing your country now operates an authoritarian system where the president has absolute powers to make laws without limits?

Quote
Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).
Do you mean that Trump will introduce his cryptocurrency just because he wants to enforce his anti-abortion laws? That's ridiculous. Americans already know how to bypass such laws. Many of them will simply move to Mexico where they will even get cheaper and private abortions. Trump will end up flooding the US with illegal abortion drugs if he goes to this extent in his bid to control abortion.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 11, 2024, 07:10:22 AM
I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.
Your predictions have not materialized because Trump has not won the elections, and the announcement by Trump Jr. might just be another political stunt.


I guess I should have qualified that the first part of my prediction has come true.

Quote

I know that America has a vibrant Congress and Courts. Or are you seeing your country now operates an authoritarian system where the president has absolute powers to make laws without limits?


Trump tried to overthrow the US government violently, and his voters don't care. He is a convicted criminal with 88 more indictments on the way, and his voters don't care. He illegally extorted Ukraine, and his voters don't care.

Trump won't have to make any laws, he will just break the ones that already exist as if they weren't there--and his voters won't care.

There was a recent poll (I forgot where, google it) that indicated that a majority of Trump's voters want an authoritarian system where the president is an absolute dictator.

America has a vibrant Congress and Courts... if we can keep it...


Quote

Do you mean that Trump will introduce his cryptocurrency just because he wants to enforce his anti-abortion laws? That's ridiculous. Americans already know how to bypass such laws. Many of them will simply move to Mexico where they will even get cheaper and private abortions. Trump will end up flooding the US with illegal abortion drugs if he goes to this extent in his bid to control abortion.


No, Trump is introducing his own crypto stuff so he can make billions (or even trillions) of dollars. He will use his party's favorite policy goal as an excuse to disfavor his competitors and favor his own products.

Republicans are already instituting border controls around states to keep women from leaving states to get abortions. They obviously know all about what you are proposing here, and obviously the only way to stop all of the abortions will be to do what they are doing in certain states in the whole country.

Also, Republicans have also temporarily made the abortion drug illegal nationwide, but since a Democrat was president (Biden), that failed. But Trump will reinstate that ban the moment he gets into office. And then yes, all abortion drugs in the US will have the same issues as illicit drugs like heroine and fentanyl since they will be illegal.

Stopping the millions of abortions in the US every year--a key policy goal of Republicans for the last 40 years--will require a new police state like the US has never seen.



Title: Re: Trump to enter the crypto business
Post by: nutildah on August 11, 2024, 07:48:06 AM
Far Left forum bots seem to like his comments. Judging from the number of merits he has been collecting lately, I can say that he will be a super commie account with 5k merits soon.

I just got him to 100, so now he's a Full member. We need more, higher ranked communists in this forum to help balance things out.


Title: Re: Trump to enter the crypto business
Post by: microsurfer on August 11, 2024, 09:18:59 AM
He just want to find more supporters in the crypto space, he really want to win, thats why he have a lot of promisses


Title: Re: Trump to enter the crypto business
Post by: seoincorporation on August 11, 2024, 06:02:46 PM
This isn't new at all, trump used to have tokens in the past campaign and he knows how to capitalize a campaign with cryptos.

But the exchange idea is new, i like that slogan about the banks, and for sure he will put a bunch of money on his platform, and just think what would happen if he wins the elections, that would be madness because he would be able to inject money to cryptos directly from the gov. Something like El Salvador did.


Title: Re: Trump to enter the crypto business
Post by: NotATether on August 11, 2024, 06:21:47 PM
I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.
So U.S dollar 2.0? What exactly do you mean by denigrate crypto platforms and what laws can be passed to achieve that?

He said he wants to launch an official Trump (shit)coin.

So nothing to see here.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 11, 2024, 06:24:57 PM
This isn't new at all, trump used to have tokens in the past campaign and he knows how to capitalize a campaign with cryptos.

But the exchange idea is new, i like that slogan about the banks, and for sure he will put a bunch of money on his platform, and just think what would happen if he wins the elections, that would be madness because he would be able to inject money to cryptos directly from the gov. Something like El Salvador did.

Yes, but he sure as hell isn't going to pump US taxpayer dollars into anything he does not himself own.

What Trump is on track to do here is own the crypto business in the US in the same way the Sultan of Brunei owns the oil industry in... Brunei.

If you want to compete against the President of the United States of America in your crypto business for now on, then by all means, vote for Trump.



Title: Re: Trump to enter the crypto business
Post by: kentrolla on August 11, 2024, 07:30:00 PM
Neither Trump not any politician can be trusted when it comes to thier opinion of crypto because we have seen Trump trying to bury Bitcoin in the past but eventually ended up with millions with his NFT and now when he needs support for election he is doing this drama to consolidate crypto vote bank for himself. I don't think this would work everytime but yeah as a businessman he knows crypto industry can offer better profit than traditional businesses hence he and his family are already involved into it and we shouldn't take his politically motivated statements seriously.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 11, 2024, 08:02:45 PM
Neither Trump not any politician can be trusted when it comes to thier opinion of crypto because we have seen Trump trying to bury Bitcoin in the past but eventually ended up with millions with his NFT and now when he needs support for election he is doing this drama to consolidate crypto vote bank for himself. I don't think this would work everytime but yeah as a businessman he knows crypto industry can offer better profit than traditional businesses hence he and his family are already involved into it and we shouldn't take his politically motivated statements seriously.

The best advise given out for Trump is: follow what he does, not what he says.

What Trump is doing right now is creating a business to compete in the crypto space. Based on everything he's ever done his whole life--and based on what his voters have thus far asked him to do as president--Trump will use the power of the US government to disadvantage his competitors and advantage himself if he won the presidency.

Everybody who follows massive wealth knows that the actual richest man in the world is Vladimir Putin even if he's not listed as such in Forbes, since he exerts direct control over Russia's economy and effectively owns the wealth of every Russian billionaire. When Trump constantly fawns over Putin, this is what he is jealous of.






Title: Re: Trump to enter the crypto business
Post by: DiMarxist on August 11, 2024, 09:26:56 PM
I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.
Please keep political discussion in the Politics and society board, there are already too many political discussions clogging this board up.
Exactly and I wanted the moderator ls in the board to be active and vigilant to delete and move threads like this to the appropriate boards and in my view this is to spam the bitcoin discussion board. And if Trump introduces his own cryptocurrency and use his power to influence it then it is not a new thing in the ecosystem, and we have seen many people who are bitcoin whales supporting other cryptocurrencies yet bitcoin is still the highest.
Op has to know that no Centraliced project that comes to the ecosystem and surpass and suppress bitcoin but it must follow the footsteps of other cryptocurrencies.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 11, 2024, 11:29:37 PM

Exactly and I wanted the moderator ls in the board to be active and vigilant to delete and move threads like this to the appropriate boards and in my view this is to spam the bitcoin discussion board. And if Trump introduces his own cryptocurrency and use his power to influence it then it is not a new thing in the ecosystem, and we have seen many people who are bitcoin whales supporting other cryptocurrencies yet bitcoin is still the highest.
Op has to know that no Centraliced project that comes to the ecosystem and surpass and suppress bitcoin but it must follow the footsteps of other cryptocurrencies.


How can the former president and potential future president of the United States getting into business to compete with Bitcoin not be a story about Bitcoin?

And if you think politics has no bearing on Bitcoin, not only are you wrong, but nobody seems to agree with you since hundreds of millions of dollars in crypto money is being poured into this election, and there are dozens of pro-Trump posters here that keep repeating the lie that Trump will somehow be better for Bitcoin if he wins, so therefore the Bitcoin community should support Trump.

I personally would love it if Bitcoin had nothing to do with US politics, but that is simply not the real world circa 2024.



Title: Re: Trump to enter the crypto business
Post by: avikz on August 12, 2024, 06:08:11 AM
Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

I have sometimes been called "alarmist" in these forums because I have made predictions about what Trump would do if he wins the presidency. I predicted that Trump would introduce a competitor of Bitcoin, and then use his control of the US government to prop up his platform and pass laws to denigrate existing crypto platforms like Bitcoin.

Well, it looks like my first prediction is about to come true.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.


It sounds like a perfect conspiracy theory to me! US is a free country and its citizens can start a legal business anytime they want. So I don't see a concern if Trump Jr. wants to start a crypto business. But de-integrate Bitcoin from the ecosystem is very similar to banning firearms in Texas! You can pass the law and no one would care! So it's easier said than done!

Bitcoin is an ecosystem and not a platform. Even though US citizens/firms own a majority of the hashpower (around 36%), remaining 64% belongs to other nations. If one fine day, US government decides to ban mining and Bitcoin both, it won't collapse the network. There will be a temporary impact before everything comes back to normal.

Bitcoin is far bigger for only US to control. Talking about competitor, Bitcoin has seen millions of competitors till date. No one was able to come close even by an inch. So bring it on!



Title: Re: Trump to enter the crypto business
Post by: legiteum on August 12, 2024, 07:30:00 AM

It sounds like a perfect conspiracy theory to me! US is a free country and its citizens can start a legal business anytime they want.


Using the full power of the US federal government to give your business an unfair advantage by leveraging your position as president is not... a free market. Indeed it's the very opposite of a free market.


Quote

Bitcoin is far bigger for only US to control. Talking about competitor, Bitcoin has seen millions of competitors till date. No one was able to come close even by an inch. So bring it on!


If the US made Bitcoin illegal--and pressured it's allies to do the same--then yes, Bitcoin may well still "survive" in a technical sense.

But the price of Bitcoin would fall by 95% as the developed world's investors would pull out of it.

If you want Bitcoin to have a competitor in the marketplace whose CEO literally has control of nuclear weapons and the laws of the United States then... vote for Trump.



Title: Re: Trump to enter the crypto business
Post by: moneystery on August 12, 2024, 07:48:43 AM


Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.


that's basically just your personal opinion, and it hasn't been proven true that what you said will be like that. and from what you said, it seems like you don't really understand us politics, because even though trump can become president, he can't use his power to control the government to support his business, if he really does that then his political opponents will use it as a weapon to attack him and remove him from his position as president. so there's no need to think too negatively about what he does.


Title: Re: Trump to enter the crypto business
Post by: Mr. Magkaisa on August 12, 2024, 08:07:13 AM
         -      I would like to inform you that in these cases, the election day in the United States has not yet arrived or taken place, therefore they are still in the campaign. Yes, I am pleased to read that Trump has good intentions when it comes to his plans for Bitcoin.

We still have to acknowledge, though, that Trump's well-intentioned ideas might not materialize or might. Because, when they sit down, simply keep in mind that a lot of things normally change and a lot of the promises made during the campaign period usually end up unfulfilled. Thus, let us hope that he would implement these wise intentions for Bitcoin.


Title: Re: Trump to enter the crypto business
Post by: krishnaverma on August 12, 2024, 08:30:18 AM
He and his family were already involved with some types of NFT which failed. He is good with his offline business but most of his online attempts to business including own social network have failed badly. So , do not get excited with this announcement.


Title: Re: Trump to enter the crypto business
Post by: Dr.Bitcoin_Strange on August 12, 2024, 09:30:01 AM
I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Well, some persons believe that it's going to give them more freedom compare to the previous government of Biden but I don't think so, I think that all this are just plot to get into sit and turn against Bitcoin or even make things more difficult for Bitcoiners to have their freedom. If he doesn't turn against Bitcoin, he might place more regulation on Bitcoin to make the country less crypto friendly. I always have one thought in mind which is, what if he secretly create his own cex and ban every other cex in US.


Title: Re: Trump to enter the crypto business
Post by: Kelward on August 12, 2024, 09:31:46 AM


Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.


that's basically just your personal opinion, and it hasn't been proven true that what you said will be like that. and from what you said, it seems like you don't really understand us politics, because even though trump can become president, he can't use his power to control the government to support his business, if he really does that then his political opponents will use it as a weapon to attack him and remove him from his position as president. so there's no need to think too negatively about what he does.
This thread has clearly turned to a debate for pro and anti Trump, presidential bid and it's relevance in this board is that it has a touch of cryptocurrency concerns. I'm not an American but I believe that the average American is informed enough to know the pedigrees of the two contestants and they will decide who to vote for. I don't think that we should judge Donald Trump, on what he's stance on Bitcoin will be when he has not yet won the election yet, but from my observation on what is on ground I think that his stance on cryptocurrency is encouraging so far. I can agree is that if Trump, wins he can not use his powers to control the entire government to support his business, I believe that the opposition will speak against it and he can be impeached. We're talking about America, here.


Title: Re: Trump to enter the crypto business
Post by: ultrloa on August 12, 2024, 09:37:56 AM
I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Well, some persons believe that it's going to give them more freedom compare to the previous government of Biden but I don't think so, I think that all this are just plot to get into sit and turn against Bitcoin or even make things more difficult for Bitcoiners to have their freedom. If he doesn't turn against Bitcoin, he might place more regulation on Bitcoin to make the country less crypto friendly. I always have one thought in mind which is, what if he secretly create his own cex and ban every other cex in US.

Thinking bad about intention of Trump is normal since we don't actually know if he's for real. He only became crypto friendly when campaign period starts that's why can't blame other to think about negative about him and don't trust everything what he say. But aside from Trump we don't see any candidate which is actually a Pro bitcoin, what able to see is some gimmicks to make their name appealing and think about people to vote them since they say nice thing about those technologies they are using. But also I don't think he could do your assumptions since somehow USA prohibits monopoly  https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/single-firm-conduct/monopolization-defined and provably many of his critics will denounce him.


Title: Re: Trump to enter the crypto business
Post by: mindrust on August 12, 2024, 09:59:24 AM
We don’t really know if Trump is pro-crypto (it looks so) but we definitely know demrats are anti-crypto.

Actions speak lauder than words.


Title: Re: Trump to enter the crypto business
Post by: nutildah on August 12, 2024, 01:31:42 PM
We don’t really know if Trump is pro-crypto (it looks so) but we definitely know demrats are anti-crypto.

Actions speak lauder than words.

Bitcoin reached all-time highs under Democrat leadership, and dropped below $4k in 2020 under Republican leadership. Remember that?

Serious question: How can you possibly care about American politics as a non-American? I don't even care.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 12, 2024, 03:12:14 PM

that's basically just your personal opinion, and it hasn't been proven true that what you said will be like that. and from what you said, it seems like you don't really understand us politics, because even though trump can become president, he can't use his power to control the government to support his business, if he really does that then his political opponents will use it as a weapon to attack him and remove him from his position as president. so there's no need to think too negatively about what he does.


You are the one that doesn't understand US politics. Trump funneled millions of dollars into his businesses while he was president last time. Trump is a convicted criminal, so he does not care about any particular "law" and neither do his voters want him to.

Trump was impeached twice for very obvious offenses against the United States in his first term but the absolute control he wields over his own party means that they would never vote to remove him from office--ever, no matter what he did.

Please learn more about US politics and Trump's record before making statements like that.


I can agree is that if Trump, wins he can not use his powers to control the entire government to support his business, I believe that the opposition will speak against it and he can be impeached. We're talking about America, here.


Again, you simply don't understand US politics because if you did you would know that Trump absolutely doesn't care about any US law nor do his voters want him to. His Supreme Court literally just voted that the President operates essentially above the law because they can just call everything they do--including banning Bitcoin for instance--an "official act".

This is to say nothing of Trump's absolute control over Congress that he will have should he win and (most likely) have the majority there: he could simply change the laws to advantage his businesses and disadvantage the others e.g. other CEX's and/or other non-Trump miners, and/or other non-Trump cryptos.


But also I don't think he could do your assumptions since somehow USA prohibits monopoly  https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/single-firm-conduct/monopolization-defined and provably many of his critics will denounce him.


Certain laws in the US exist that... could be changed if you, say, had control over the US government as Trump would.

Folks, the entire point of this thread is to make people understand just how impossible it would be to compete with somebody who essentially makes their own laws.

"Competing" with Trump would be like "competing" with Putin in Russia or Xi in China.

And, LOL, Trump seriously doesn't care about what his "critics" say about him :). That's the funniest line yet here :).











Title: Re: Trump to enter the crypto business
Post by: MinoRaiola on August 12, 2024, 07:30:48 PM
Did you notice that? Elon Musk wants to have a live conversation with Donald Trump on X. I can't tell you the topic, but there's a lot of speculation. The party might go on, whether Bitcoin will be a topic... I don't think so, but I'll be watching the news in a few hours and I'm happy to be surprised. They will publish something i think, anything else would just be a waste of time and I cant imagine that with these two. America + Bitcoin + Tesla = X  ???

Quote
Elon Musk

@elonmusk
·
18h
Live conversation on 𝕏 with
@realDonaldTrump
 & me at 8pm ET tomorrow
https://x.com/elonmusk/status/1822799027580137510

https://pbs.twimg.com/media/GUzbqqRaAAAjFPN?format=jpg&name=small
https://x.com/elonmusk/status/1823073478481965199


Title: Re: Trump to enter the crypto business
Post by: Elsop on August 12, 2024, 09:34:39 PM
Is there anyone holdin trump memcoins?


Title: Re: Trump to enter the crypto business
Post by: GreatArkansas on August 12, 2024, 11:31:49 PM
I really hope that the actions of Donald Trump will not all "intro", we all know the USA presidential election is fast approaching, and these politicians will do anything they want to get the people's hearts.

Now as the Bitcoin market is still hot and hype (price can tell), Bitcoin is really prone to be used as one of the political tools in the incoming elections.
This could happen not only in USA, but for other countries too.


Title: Re: Trump to enter the crypto business
Post by: nutildah on August 13, 2024, 12:58:37 AM
He and his family were already involved with some types of NFT which failed.

They didn't fail for him -- he made millions by letting 2 NFT projects use his likeness, which he promoted.

And to give credit where its due, he actually onboarded a lot of normies into the crypto space, as they wanted to a piece of digital Trump memorabilia but ain't never seen no got danged blockchainy thing before. So yeah most people who bought a Trump NFT (whether on Polygon or as a Bitcoin Ordinal) are probably down bad, but they don't care. Its like buying a "Super Trump" coffee mug for them, just a way of supporting their guy, and feeling like they are part of the team.


Title: Re: Trump to enter the crypto business
Post by: kryptqnick on August 13, 2024, 06:03:34 AM
I would never vote for Trump, so I probably align well with the op politically. However, I believe we must be fair to our opponents. First, it's Trump's son launching a platform, not Trump himself. Second, its just a DeFi project, not a stablecoin or anything that would actually challenge Bitcoin. Third, Trump embraced Bitcoin very openly in his election campaign, so switching to something else and "trusted" would be a major blow for his Republican electorate, since Republicans are especially sensitive to matters of individual freedom and the government taking control over something private.


Title: Re: Trump to enter the crypto business
Post by: Smack That Ace on August 13, 2024, 06:26:11 AM
Did you notice that? Elon Musk wants to have a live conversation with Donald Trump on X. I can't tell you the topic, but there's a lot of speculation. The party might go on, whether Bitcoin will be a topic... I don't think so, but I'll be watching the news in a few hours and I'm happy to be surprised. They will publish something i think, anything else would just be a waste of time and I cant imagine that with these two. America + Bitcoin + Tesla = X  ???

Quote
Elon Musk

@elonmusk
·
18h
Live conversation on 𝕏 with
@realDonaldTrump
 & me at 8pm ET tomorrow
https://x.com/elonmusk/status/1822799027580137510



I followed that conversation and none of them mentioned anything crypto related, most revolved around other issues. There is nothing surprising about this since cryptocurrency is no more important an issue than immigration, inflation...

But Trump's return to X will be interesting news because his influence on this social network is also huge, Twitter is also Trump's favorite social network in the past. X is a social platform loved by crypto investors and things will get interesting if he regularly uses it to interact with the crypto community.

In addition, the conversation between Elon and Trump on X also attracted great attention from the Democratic Party  ;D ;D ;D. They were very upset when the world's richest billionaire turned his back on them and supported Trump.


Title: Re: Trump to enter the crypto business
Post by: KiaKia on August 13, 2024, 06:58:47 AM
@Smack The Ace many people are listening to the live conversation hours ago and they thought it will have impact on the price action of BTC and Doge, I just laughed at them, some traders were even getting their fingers ready to take advantage of a small pump but it never happened just like I predicted, this nonsence have to stop, and I am glad that no crypto words are mentioned.

I do believe that if eventually Trump get elected its possible that Sovryn and other BTC DeFi projects can surge in price, this market is all about hype anyway, and for us its all about making profits when the time is right, as time goes by and 2026 gets here a new bear market will start again, this whole thing is a damn circle over and over again.

Elon Musk and Trump could be planning something behind, something similar to what Elon did years ago that started the bullish trend, but in the end those who takes profit will be the winner.


Title: Re: Trump to enter the crypto business
Post by: BabyBandit on August 13, 2024, 12:11:55 PM
America and Americans are a big joke for the rest of us.  8)


Title: Re: Trump to enter the crypto business
Post by: buwaytress on August 13, 2024, 01:27:58 PM
I would never vote for Trump, so I probably align well with the op politically. However, I believe we must be fair to our opponents. First, it's Trump's son launching a platform, not Trump himself. Second, its just a DeFi project, not a stablecoin or anything that would actually challenge Bitcoin. Third, Trump embraced Bitcoin very openly in his election campaign, so switching to something else and "trusted" would be a major blow for his Republican electorate, since Republicans are especially sensitive to matters of individual freedom and the government taking control over something private.


I'm practically apolitical back home but I've never voted or not voted on specific issues -- when I did, I always chose what I thought was for the "greater good" and this usually meant ensuring a strong opposition (power corrupts, you know).

It's precisely these kind of attacks that I feel politics in general has descended into. Misinformation and turning the tides, so people vote against anyone they dislike, rather than for someone they want.

Why Bitcoin has any relation to the US election I simply can't get. If it were higher up  on his agenda, with specific legislation that fixes an issue or brings a new issue up, maybe. But all these little insignificant moves really can't be enough to buy (or drop) votes. Can they?


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 13, 2024, 01:40:32 PM

Why Bitcoin has any relation to the US election I simply can't get. If it were higher up  on his agenda, with specific legislation that fixes an issue or brings a new issue up, maybe. But all these little insignificant moves really can't be enough to buy (or drop) votes. Can they?


I think what you aren't getting--and a lot of people here are missing--is that Trump is not after votes with his embrace of crypto, he is after money.

Basically, a small group of billionaire Bitcoin whales (https://followthecrypto.org/) are dumping hundreds of millions of dollars into US elections this cycle. That is why Bitcoin is--and it truly is--intertwined with US politics now.

This is no different than other big industries like Big Oil, Big Pharma, Big Insurance, and so on: these industries are not "popular" and nobody votes for their issues, but they sure as hell influence US elections :).





Title: Re: Trump to enter the crypto business
Post by: buwaytress on August 13, 2024, 02:07:17 PM
I think what you aren't getting--and a lot of people here are missing--is that Trump is not after votes with his embrace of crypto, he is after money.

Basically, a small group of billionaire Bitcoin whales (https://followthecrypto.org/) are dumping hundreds of millions of dollars into US elections this cycle. That is why Bitcoin is--and it truly is--intertwined with US politics now.

This is no different than other big industries like Big Oil, Big Pharma, Big Insurance, and so on: these industries are not "popular" and nobody votes for their issues, but they sure as hell influence US elections :).

I do get it, but that's what I have been referencing in that unless Trump brings in major legislation that would benefit those rich crypto investors or change their situation, I'm still not sure why they would pour more money in (or votes in essence if the campaigning wins them) simply on his professed love for Bitcoin. The money's always going to come in return for backs scratched, tax reforms, favours. But I still fail to see how Bitcoin whales dumping money in is related to Bitcoin.

Rich people will dump money into elections for their own gain. But if it's to back Trump, it's because of policies I can't think are directly linked to Bitcoin. Is he making Bitcoin tax free by changing its legal status? Is he waiving the need for trading licences for Bitcoin? Is he giving tax breaks or subsidies to miners? What is he promising as legislation that's getting the crypto chads excited? Not being ingenious here, I do feel I have no idea and would love to get some direction here.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 13, 2024, 02:23:38 PM
I think what you aren't getting--and a lot of people here are missing--is that Trump is not after votes with his embrace of crypto, he is after money.

Basically, a small group of billionaire Bitcoin whales (https://followthecrypto.org/) are dumping hundreds of millions of dollars into US elections this cycle. That is why Bitcoin is--and it truly is--intertwined with US politics now.

This is no different than other big industries like Big Oil, Big Pharma, Big Insurance, and so on: these industries are not "popular" and nobody votes for their issues, but they sure as hell influence US elections :).

I do get it, but that's what I have been referencing in that unless Trump brings in major legislation that would benefit those rich crypto investors or change their situation, I'm still not sure why they would pour more money in (or votes in essence if the campaigning wins them) simply on his professed love for Bitcoin. The money's always going to come in return for backs scratched, tax reforms, favours. But I still fail to see how Bitcoin whales dumping money in is related to Bitcoin.


For the same reason Oil, Pharma, and Insurance whales dumping money in is related to... oil, pharma and insurance?

Bitcoin itself has very few votes (like, almost none, I would guess), and the money Trump and other campaigns are getting is used to advertise for things completely unrelated to Bitcoin.


Quote

Rich people will dump money into elections for their own gain. But if it's to back Trump, it's because of policies I can't think are directly linked to Bitcoin. Is he making Bitcoin tax free by changing its legal status? Is he waiving the need for trading licences for Bitcoin? Is he giving tax breaks or subsidies to miners? What is he promising as legislation that's getting the crypto chads excited? Not being ingenious here, I do feel I have no idea and would love to get some direction here.



What they seem to be after, primarily, is to make their Bitcoin price go higher. While there is an "industry" here in terms of miners and so forth, that is pretty small compared to the value of the Bitcoin asset itself.

And the actual means here is to get Trump to say nice things about Bitcoin and enshrine it in the GOP platform (done), and to propose things that would make Bitcoin increase in value e.g. forcing US taxpayers to buy Bitcoin in the form of a "US Bitcoin reserve".

In a sense, this would be like Warren Buffet lobbying Trump to pump his stock and proposing, for instance, that the US should buy a ton of BRK.B so the price will go up. For Buffet, a donation of 100 million could pay off 50x if it makes his stock go up by only 10%.

By the way, this all has nothing to do with Trump going into the crypto business himself, and I suspect that those same whales very might be (and should be) rather terrified at the prospect of the US president being in a competitive business against them. Trump's response, of course, will be, "thanks for the money, suckers".




Title: Re: Trump to enter the crypto business
Post by: Nitrowinner on August 13, 2024, 03:13:22 PM
This moment I talk with as lot people around me ( not only gambling ) who would like to invest in crypto ( business, mining, just holding coins, crypto projects ) and in a lot of people who are business man I told them to become crypto friendly and accept crypto currencies for their services or products.

I am sure next 5-10 years most of assets will be digital...


Title: Re: Trump to enter the crypto business
Post by: CryptoGamblingSites on August 13, 2024, 03:23:34 PM
More noise in Bitcoin, the only news is when  another block is solved every 10 - 12 minutes on average....

It keeps proving the protocol is secure, and the underlying asset is safe/more valuable, regardless of it's price in USD


Title: Re: Trump to enter the crypto business
Post by: ChiBitCTy on August 13, 2024, 04:21:36 PM
Great post, thanks for bringing this to our attention!  I don't see you being an alarmist here, just someone pointing out straight facts.  SMH..this is exactly the kind of bs I expected to see from Donny 1 and 2.  I told everyone that Trumps speech at the Nashville conference was just really smoke and mirrors overall, and that it would mostly be complete and utter bs...which is was. 

Let's also not forget that Trump doesn't understand shit about bitcoin, at all. HE HAS NO CLUE HOW BITCOIN WORKS...don't let his rhetoric fool you!


Title: Re: Trump to enter the crypto business
Post by: ringgo96 on August 13, 2024, 04:51:00 PM
This moment I talk with as lot people around me ( not only gambling ) who would like to invest in crypto ( business, mining, just holding coins, crypto projects ) and in a lot of people who are business man I told them to become crypto friendly and accept crypto currencies for their services or products.

I am sure next 5-10 years most of assets will be digital...
Currently the crypto world is growing, especially in America, so we are not surprised if Trump will invest in the crypto world, and currently many businessmen in America have flocked to buy every coin there is, so many people have made big profits in the crypto world and later digital assets will be easier for us to hold because most countries have made payments using bitcoin or other altcoins.


Title: Re: Trump to enter the crypto business
Post by: CoinFoxs on August 14, 2024, 06:25:32 PM
Trump is in contact with elon musk who is known be the father of dogecoin and the one who is backing floki coin, he must be convinced trump to get into crypto world and if Trump will become the president of United States then we will see huge pump in crypto market.


Title: Re: Trump to enter the crypto business
Post by: buwaytress on August 14, 2024, 06:35:00 PM
^^^^ All right, so we are actually on the same page, just wildly different paragraphs. And okay, I get your paragraph now.

I get pharma, oil. Oil is an easy one. Trump was always signing in new orders for big oil. Pro oil from whenever I can remember. Opening reserves previously off limits, increasing production.

Regarding Trump saying nice things, fits the pharma bill. He was on a constant mantra of nice things about healthcare and bringing drug prices down but still got big pharma support -- then everyone understood why after he pursued (but failed) Ryancare. Would have hurt so many Americans while enlarging pharma pockets.


Title: Re: Trump to enter the crypto business
Post by: snerd on August 14, 2024, 09:13:20 PM
Watch for the Trump haters to become much more unhinged as November approaches. They’re terrified right now!


Title: Re: Trump to enter the crypto business
Post by: doomloop on August 16, 2024, 08:59:52 PM
Trump is in contact with elon musk who is known be the father of dogecoin and the one who is backing floki coin, he must be convinced trump to get into crypto world and if Trump will become the president of United States then we will see huge pump in crypto market.
When did the contact happened? Recently? But Trump is already into cryptos even last time. I'm thinking that Trump only learned crypto on his own but the contact that happened recently might be for an upcoming crypto project. It is like the two of them are going to collaborate to create a super coin. Wow that sounds great, ;).

Quote
if Trump will become the president of United States then we will see huge pump in crypto market.
That is for sure because number one ; Trump will celebrate the win by pumping the market because he knows that the crypto community have helped him after knowing that he is now into cryptos. And number two ; the crypto community can also do the same thing and this is because they also know that the crypto market will pumped a lot later on.


Title: Re: Trump to enter the crypto business
Post by: shield132 on August 16, 2024, 09:15:29 PM
Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.
My question is, does he really make a big push into crypto or is this part of the plan? Part of me thinks that Biden, Hamala, Trump and others are all the same, they fight against each other to caught our attention, like in the Roman Circus.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.
Trump is a businessman and he wants to run successful business. People should understand that billionaires aren't here to help people. They don't make billions by helping people, they make billions of exploiting workers, avoiding taxes, selling products and services at a high profit margin. This is how billionaires make money and stupid people think that billionaires will make their life better  ;D This isn't funny anymore. I believe that Trump wants to get power in his hand, including the crypto sector and what you said about abortion and Bitcoins, might be very close to reality.


Title: Re: Trump to enter the crypto business
Post by: tread93 on August 21, 2024, 01:36:54 AM

This is all just noise. Trump is trying to make some crypto plays something that no other president has done. News flash his businesses have lost money since he entered politics. He will try to form a company and profit from it like any businessman would. If you want to talk about a POS we can discuss Biden who has been laundering money for years and years and years though his handshake hush hush deals with China and Ukraine. Trump will at least do it in a legitimate way. I’m so sick of people bashing Trump, if you’re not voting for Trump in this election you’re not an American you’re probably foreign or have no clue wtf is actually going on here.


Biden:

* Has never been indicted for any crime, let alone convicted, let alone indicted for 88 felonies as Trump has;

* Has never had any of his businesses shut down because of fraud, as Trump has for several of his businesses;

* Has never funneled millions of dollars of US taxpayer money to his companies, as Trump did during his presidency;

* Is not in the process of creating a business that competes with Bitcoin or the crypto industry generally, as Trump is;

And there is absolutely no evidence--not even conspiracy theories (which is saying something for Republicans) that Biden engaged in "money laundering" with the Chinese or any other government. And also, Biden is not running for president. So there's that.

Look, I get it: you clearly want abortion to be criminalized across the USA. I understand it's a very divisive topic, and those who think as you do will vote for absolutely anybody as long as they commit to making abortion illegal, as Trump has.

Harris is not going to use the US presidency to benefit her crypto business (because she doesn't have one, for starters). There's every reason to expect Trump will do exactly that.

Edit:

By the way, your man is basically senile at this point. Good luck trying to win anything with this vegetable:

The GOP’s new worry: Trump can’t drive a coherent message (https://www.washingtonpost.com/politics/2024/08/09/gop-trump-message/)




Hey Donkey boy what do you have to say about the 27 million dollars that the Biden family has received from foreign individuals and entities?? https://www.foxnews.com/video/6360645930112 Biden has committed treason from actual crimes but he is protected by our controlled media and some force of evil. Wake up you twit!


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 21, 2024, 01:39:45 AM

Hey Donkey boy what do you have to say about the 27 million dollars that the Biden family has received from foreign individuals and entities?? https://www.foxnews.com/video/6360645930112 Biden has committed treason from actual crimes but he is protected by our controlled media and some force of evil. Wake up you twit!


Biden who? The name of the Democratic candidate now is Kamala Harris.

You really shouldn't listen to Trump since he's completely senile now. He still thinks he's running against Hillary.





Title: Re: Trump to enter the crypto business
Post by: tread93 on August 21, 2024, 01:48:26 AM

Hey Donkey boy what do you have to say about the 27 million dollars that the Biden family has received from foreign individuals and entities?? https://www.foxnews.com/video/6360645930112 Biden has committed treason from actual crimes but he is protected by our controlled media and some force of evil. Wake up you twit!


Biden who? The name of the Democratic candidate now is Kamala Harris.

You really shouldn't listen to Trump since he's completely senile now. He still thinks he's running against Hillary.





It’s so funny you’ll just hop on this Harris train like a pig lined up for slaughter. The woman is a witch that can only laugh like the dumb donkey ass she is and she has literally done nothing for the American people the entire time she has been the VP, this woman doesn’t deserve to even be an office secretary for a mom and pop business. What makes you think Harris is going to do anything good? Boarder Czar that hasn’t even been to the boarder and is responsible for the worst border crisis in US history. She hasn’t been seen in public to do any debates or anything, she has been installed. Biden who is right, Trump put him into a mental lock during the debate so bad he had to drop out of the race lmfao


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 21, 2024, 01:53:03 AM

It’s so funny you’ll just hop on this Harris train like a pig lined up for slaughter. The woman is a witch


I'm pro-witch. Always have been.

Trump is an ork.



Title: Re: Trump to enter the crypto business
Post by: Goosebit.com on August 21, 2024, 03:52:24 AM
7% of Americans hold cryptocurrencies, and up to 40% of American adults own crypto, which is a 10% increase from 2023's findings. Trump wants to win this sector.

Source: https://www.ccn.com/news/crypto/americans-cryptocurrencies-fed-40-crypto-industry-wishful



Title: Re: Trump to enter the crypto business
Post by: mindrust on August 21, 2024, 04:34:27 AM
7% of Americans hold cryptocurrencies, and up to 40% of American adults own crypto, which is a 10% increase from 2023's findings. Trump wants to win this sector.

Source: https://www.ccn.com/news/crypto/americans-cryptocurrencies-fed-40-crypto-industry-wishful

Trump is a businessman and thinks like one. That’s why having a crypto business makes sense to him because that’s where the money is.

Kamala is a bureaucrat who doesn’t understand money. She understands how to follow orders and that’s what she is good for. She will be a perfect muppet for her handlers if she gets elected for sure. That’s what they call “democracy” and blame Trump for being a “dictator”.

Since when strong independent leadership is called “dictatorship” ? These demrat people lost their touch with reality.


Title: Re: Trump to enter the crypto business
Post by: legiteum on August 21, 2024, 05:11:28 AM
7% of Americans hold cryptocurrencies, and up to 40% of American adults own crypto, which is a 10% increase from 2023's findings. Trump wants to win this sector.

Source: https://www.ccn.com/news/crypto/americans-cryptocurrencies-fed-40-crypto-industry-wishful

Trump is a businessman and thinks like one. That’s why having a crypto business makes sense to him because that’s where the money is.

Kamala is a bureaucrat who doesn’t understand money. She understands how to follow orders and that’s what she is good for. She will be a perfect muppet for her handlers if she gets elected for sure. That’s what they call “democracy” and blame Trump for being a “dictator”.

Since when strong independent leadership is called “dictatorship” ? These demrat people lost their touch with reality.

Republican party propaganda.

Trump inherited hundreds of millions of dollars and loan guarantees from his father, and if he had only put the money in an ordinary savings account he would have many times the money he has today. He's a convicted criminal who has ripped off everybody he's ever done business with.

People praising Trump here want one thing: illegal abortion in the USA. This has nothing to do with Bitcoin or the crypto business. Trump's army of fanatics don't care about crypto, or any kind of business, and are looking forward to building a massive new police state to keep women imprisoned inside of the US so they can't leave to get abortions. And crypto doesn't do too well with police states around.

It's all about abortion for Trump supporters. If it had anything to do with Bitcoin, then we'd they would know that Bitcoin went up 500% under president Biden, and our business will be just fine under Harris.




7% of Americans hold cryptocurrencies, and up to 40% of American adults own crypto, which is a 10% increase from 2023's findings. Trump wants to win this sector.


Exactly. Trump is barely there, but his people like his family members see the kinds of profits they can make by using their control of the US government to ban Bitcoin and replace it with the crypto that Trump owns. This could literally make him a trillionaire, but anybody already in this business would be competing with the President of the United States--probably about as much fun as competing with Putin if you do business in Russia.