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abs350 (OP)
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February 10, 2016, 09:15:08 PM |
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If Bernie Sanders next USA president, is it good for BTC?
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"You Asked For Change, We Gave You Coins" -- casascius
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calkob
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February 10, 2016, 10:42:52 PM |
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Yeah of course it is anyone thats for bitcoin is a good thing, you know what they say no PR is bad PR...... and theres only 1 thing worse than bad PR and thats NO PR
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7788bitcoin
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February 10, 2016, 11:37:21 PM |
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No. Presidents usually like to control everything, so no president will like bitcoin.
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simon66
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February 10, 2016, 11:40:35 PM |
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Well he would be the most likely candidate to further inflate the USD the most by printing more money so he can pay for his promised free stuff.. If the dollar going down due to inflation and/or completely crashing is good for BTC then maybe I guess. It will just make BTC look like it's worth more because the dollar looses its value.
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abs350 (OP)
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February 11, 2016, 03:40:20 AM |
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Well he would be the most likely candidate to further inflate the USD the most by printing more money so he can pay for his promised free stuff.. If the dollar going down due to inflation and/or completely crashing is good for BTC then maybe I guess. It will just make BTC look like it's worth more because the dollar looses its value.
Agree. He likes it |
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Kakmakr
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February 11, 2016, 05:23:10 AM |
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This is Ashton Kutcher's view, not Bernie Sanders view. Most of these guys make a lot of empty promises when they are in a presidential race, and when they get into the chair, they forget about all these things they promised and they only address a few of them. A actor's opinion do not count a lot, when it comes down to what congress decides. |
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abs350 (OP)
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February 11, 2016, 05:38:42 AM |
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This is Ashton Kutcher's view, not Bernie Sanders view. Most of these guys make a lot of empty promises when they are in a presidential race, and when they get into the chair, they forget about all these things they promised and they only address a few of them. A actor's opinion do not count a lot, when it comes down to what congress decides. Bernie Sanders likes bitcoin. Yes if he wins price will go high. |
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abs350 (OP)
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February 12, 2016, 05:42:30 AM |
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Some more comment?  |
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abs350 (OP)
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February 14, 2016, 05:26:15 AM |
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Quite sure he doesnt like it  |
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PakistanHockeyfan
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February 14, 2016, 06:57:30 AM |
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It wouldn't matter in my honest opinion. We don't need government issued services or representatives joining us.
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OROBTC
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February 14, 2016, 07:35:44 AM |
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...
My *guess* is that he does not (would not) like Bitcoin, as it would indeed provide something of a refuge from the US$ should Bernie's Socialism start to worsen the deficits and debt. For taxation purposes, BTC would be seen as an escape, something that Socialists cannot (and will not) permit.
"We must all do our fair share." <=== Expect comments like that from Sanders when things go down.
Am I harsh on Socialism? Well, look at EVERY Socialist experiment, and tell me how successful they have been. The two latest experiments are Venezuela and Brazil, both of which have economies going down the drain because of Socialism.
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abs350 (OP)
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February 14, 2016, 11:07:57 PM |
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In this I guess he can be positive for BTC, since he is a new government? |
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crazywack
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February 15, 2016, 12:23:20 AM |
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Bernie loves Bitcoin cuz he can take 75% when you go to fiat instead of 35%...
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bennasilbuyukadamolucam
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February 15, 2016, 12:33:59 AM |
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We are talking about one of the US president candidate here. I mean it doesn't matter who he is.  His "democratic socialism" view can't change anything on BTC |
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ebliever
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February 15, 2016, 01:09:36 AM |
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Interesting question. Sanders is an avowed Socialist, and as already pointed out, his promises of "free" stuff would drive over-printing of fiat leading to greater inflationary pressure. But it's pretty clear that Republicans will still hold at least the House barring some unforeseen tsunami, and they'd completely shut him down in his attempts to shift the status quo in any significant measure. The result would be more gridlock, similar to the last six years.
Gridlock is also bad for the USD in the long run as it likely prevents solutions to the current mismanagement of USD by the government and federal reserve, so you could say that's also mildly beneficial for bitcoin, probably. But probably not to the degree of a Sanders presidency with a congress friendly to his ideas. That would spark a real panic on Wall Street and resulting flight from USD in a way that could be very damaging to the economy, and very beneficial to safe havens like bitcoin.
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Luke 12:15-21
Ephesians 2:8-9
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BellaBitBit
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February 15, 2016, 01:13:36 AM |
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I was just thinking about this today...I say he will be positive for Bitcoin. If he truly is about going after the "establishment" then Bitcoin is the currency to make that happen. I cannot see him being bad for Bitcoin.
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I love Bitcoin
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mtnsaa
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February 15, 2016, 01:14:47 AM |
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I doubt a change in presidency (this would actually not be a change per se, same party right?) will improve Bitcoin chance. Bitcoin has already a bad reputation and no government ever will embrace it, in fact there are more chances that it could be banned or declared illegal than be accepted. It also could be regulated which means a death sentence basically.
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mirana12345
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February 15, 2016, 01:19:39 AM |
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I doubt a change in presidency (this would actually not be a change per se, same party right?) will improve Bitcoin chance. Bitcoin has already a bad reputation and no government ever will embrace it, in fact there are more chances that it could be banned or declared illegal than be accepted. It also could be regulated which means a death sentence basically.
I don't really agree with your point. Bitcoin is not to blame for the abuse some people are doing with it, and giving out some extra media attention should not be a bad thing. Regulation could be a good as well, depending on the form. Let's say that you have to bind your ID with a bitcoin address or something similar, it could be a good thing in you think about it. |
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