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Author Topic: Is Obama or Romney more likely to support Bitcoin?  (Read 1103 times)
SgtSpike (OP)
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October 26, 2012, 09:35:43 PM
 #1

I doubt support by either of them is likely, but relative to each other, which one would be MORE likely to support Bitcoin, and why?

My bet is on Romney - he's a businessman, and, I think, can understand and appreciate some of the efficiency aspects of Bitcoin better than Obama could.  Businessmen are always looking for efficiency, ways to cut expenses, etc.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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October 26, 2012, 09:36:57 PM
 #2

Well how else is he going to get his money out of the caimans without it making the front of the news.

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October 26, 2012, 09:40:14 PM
 #3

I think they'd both be strongly against it. Almost equally but for somewhat different reasons.

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October 26, 2012, 10:10:32 PM
 #4

I think they'd both be strongly against it. Almost equally but for somewhat different reasons.

Agreed. 

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October 30, 2012, 01:20:07 AM
 #5

Really the thing you should be more concerned with is collateral damage to Bitcoin from completely unrelated policies.  And those seem sort of unpredictable.  Almost any political appointee, for instance, could end up having a negative effect on Bitcoin.

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October 30, 2012, 01:51:35 AM
 #6

I can't see any president ever supporting Bitcoin. But who cares, bitcoin is by the people and for the people.

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October 30, 2012, 08:06:37 AM
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Option C - Neither, and this is why we need a 3+ party system.  Any threat to an out of control government, particularly one as large and influential as the U.S. will "rationally" be opposed to such threats against its own power, a government with limited power which is not rooted in its monetary policy is the only form of government that would be able to embrace such things as Bitcoin/cryptocurrency.

speculation here --> If Obama is reelected and wins by less than the % that Johnson takes with the libertarian party, AND Johnson secures 5%+ of the national popular votes, then reform in the GOP will start realigning the party back to more liberty minded politics to prevent this from ever happening and just as the stock market reflects favorable outcomes of elections, the Bitcoin/cryptocurrency price will too in this event if enough *coiners connect these dots.  The secondary big reason for this aside from GOP reform is that the libertarian party formally strides into legal minor party status and it's budget for future campaigning goes up quite a bit enabling it to start taking more senate/house seats and start moving toward making a viable and practical run in future presidency bids, and unlike past campaigners (ala Ross Perot) who got this seemingly hefty goal, the libertarian party is well organized and capable of capitalizing on this move.  Lastly, while it's still got a ways to go, the inverse of the libertarian party (the constitutional party) will likely be the 4th party to hit this feat, IF the GOP chooses to ignore public signaling and not reform, in that case the GOP will be fractured beyond repair and will deteriorate out of the public eye in time.  The democratic party will stay in tact not because of it's platform but it's sheeple wont be pulled as hard to the other 2 newer up and coming parties whereas the GOP's sheeple will be heavily pulled toward the libertarian and constitutional parties, however there SHOULD be enough movement in the later scenario where the 3 remaining parties are split fairly even and an unreformed GOP remains as a minor party.

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October 30, 2012, 11:32:23 PM
 #8

They are equally likely to support the delegalisation of Bitcoin.

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November 01, 2012, 11:49:55 PM
Last edit: November 02, 2012, 01:41:50 PM by RodeoX
 #9

Ron Paul!!! Where are you!!

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November 02, 2012, 10:46:45 AM
 #10

I have noticed Ron Paul is keeping very quiet lately O_O
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November 02, 2012, 01:15:00 PM
 #11

I have noticed Ron Paul is keeping very quiet lately O_O
You're just not listening in the right places.
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November 02, 2012, 02:12:22 PM
 #12

I have noticed that the media is being the media

Fixed that for you.

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