[2019-07-11] Trump apparently knows what Bitcoin is, and he doesn’t like it

[carlfebz2]

Yeah is very from the united states president thought he directly and straight tells he don't like bitcoin because Crypto is unregulated currency, that why until now the ETF isn't approve. So just hold on hoping Justin Sun explain well to the president how crypto can help to the world community for the ecomic growth until they convince the president of the powerful country in the world to accept crypto as currency.

Wont really be that easy for someone to convince to change up the view of the most powerful man towards bitcoin. It might be changed but dont know on what are the things needed for him to be convinced.Its normal for US president to protect its own currency.

[gabbie2010]

President Donald Trump had clarifies the US stand on cryptos to sum up his statement he is protecting the dominance of US dollars on the global scene and economy and any threat that can jeopardize it must be checked, quashed and nullified obviously decentralized and unregulated effect of cryptos stands a major threat to the US dollar however who cares bitcoin has come to stay Libra is also coming up its up to individuals who might see it as relief to their usual centralized methods of transactions to adopt it.

[mich]

Co-founder & CEO of Circle reaction:
"Possibly the largest bull signal for BTC ever. Crypto now a Presidential / Global policy issue. People everywhere will embrace a mix of sovereign and non-sovereign digital currency."
https://twitter.com/jerallaire/status/1149483620370796550

Co-founder & CEO of Coinbase reaction:
"Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago."
"First they ignore you, then they laugh at you, then they fight you, then you win”. We just made it to step 3 y'all."
https://twitter.com/brian_armstrong/status/1149492705673695232

Interesting article from Forbes contributor:
https://www.forbes.com/sites/billybambrough/2019/07/13/donald-trump-just-made-bitcoin-a-2020-election-issue/#6c54e2ae2db2

[gentlemand]

Co-founder & CEO of Coinbase reaction:[/b]

I particularly enjoyed this response to that tweet.



In no way will it be a 2020 election issue. Nowhere near enough people care that much but it is interesting how many Trump supporters expressed disapproval at his opinion.

[RodeoX]

He can draw up all the BS regulations he wants. I am not going to follow them. If the USA wants to steal my bitcoin via regulation then I'll just take my money overseas and give America nothing. Donny's failed leadership has caused me to rethink my place in the world and being an American is not a source of pride anymore. So I'll keep using bitcoin and traveling the world, but perhaps I will stop coming back to the U.S. and just stay in Africa.

Are you planning on renouncing your US citizenship? The thought has definitely crossed my mind for tax reasons, but since my family is here, I'm concerned about being blocked from visiting. Renouncing citizenship (and dodging tax liability) means giving up your legal right to enter the country. You have to hope they'll issue you visas at their discretion.

If I have to, yes. I have lived all over the world. It really would not change my life to become a citizen of Uruguay or wherever.

[hv_]

Trump seems to be a big blocker. He wants to make Bitcoin with big blocks great again, for onchain use first.

[DooMAD]

Trump seems to be a big blocker. He wants to make Bitcoin with big blocks great again, for onchain use first.

And from which parts of his words do you infer that notion?  Besides, there's already a fork or two with big blocks and they don't seem all that great to me.

[davis196]

That's why I'm afraid that bitcoin will never go above 15K USD.The moment is goes above 15K,the US government or FED will try to destroy it by creating some insane regulation or by a direct crypto ban.
Libra won't be even a cryptocurrency.It will be a centralized token and the fiat fanatics are still hating on the facebook project.

[squatter]

Trump seems to be a big blocker. He wants to make Bitcoin with big blocks great again, for onchain use first.

By all indications, he doesn't like any cryptocurrency.

That's why I'm afraid that bitcoin will never go above 15K USD.The moment is goes above 15K,the US government or FED will try to destroy it by creating some insane regulation or by a direct crypto ban.

It almost touched $20K and they haven't done anything for almost two years. Whatever regulations they're cooking up won't be good for us, but I don't think prohibition is on the table. Everything is pointing to heavy regulation of cryptocurrency service providers -- exchanges, brokers, hosted wallets, payment processors, etc.

[hilariousetc]

Trump will just be parroting whatever his advisers say and I'm sure he's got the banks and FED RES Chairman selling him all the propaganda about how cryptos are dangerous and are a threat to the mighty USD (which I guess they are or certainly could be). Hopefully a lot of people will be able to see past the bs and fud or see the benefits of bitcoin and crypto and it will actually have an adverse effect and we get some free advertisement from it and a lot of people getting on board and investing. My only fear is if it goes too far and Trump tries to restrict or prohibit exchanges from operating and how people can use bitcoin.

Co-founder & CEO of Coinbase reaction:[/b]

I particularly enjoyed this response to that tweet.



In no way will it be a 2020 election issue. Nowhere near enough people care that much but it is interesting how many Trump supporters expressed disapproval at his opinion.

People might not care but something tells me the powers that be do hence why we're getting these tweets. Imagine having a free licence and monopoly to print money and then something else comes along that is outside of their control and could be a direct threat to them. Bitcoin and fiat can coexist peacefully but bitcoin takes a lot of power away from the powers that be and that's something that obviously scares them.

[nutildah]

I remember early on in Trump's reign, crypto hopes were high for his administration, as his (ex) adviser Steve Bannon was pretty crypto-savvy, having sat on Brock Pierce's IGE board of directors. Of course, Bannon hasn't been around for quite some time, and it appears as if Trump didn't even write the tweet(s) about bitcoin.

He can draw up all the BS regulations he wants. I am not going to follow them. If the USA wants to steal my bitcoin via regulation then I'll just take my money overseas and give America nothing. Donny's failed leadership has caused me to rethink my place in the world and being an American is not a source of pride anymore. So I'll keep using bitcoin and traveling the world, but perhaps I will stop coming back to the U.S. and just stay in Africa.

Are you planning on renouncing your US citizenship? The thought has definitely crossed my mind for tax reasons, but since my family is here, I'm concerned about being blocked from visiting. Renouncing citizenship (and dodging tax liability) means giving up your legal right to enter the country. You have to hope they'll issue you visas at their discretion.

If I have to, yes. I have lived all over the world. It really would not change my life to become a citizen of Uruguay or wherever.

During the last election, when it came down to Hillary vs. Trump, I decided I was moving out of the country, having been pretty thoroughly disgusted by politics for quite some time. I did, and haven't been back since. However, I would never renounce my citizenship as the U.S. passport is one of the best of them all. I will definitely be back to renew it before it expires.

Being stateless is a pretty risky gamble, and becoming a citizen of the country I currently live in requires too much paperwork and basically paying ever-increasing sums of money to push your application along, which may ultimately result in nothing.

[snipie]

His ego cannot be satisfied without having a coin related to him.
Someone needs to create TGCE (Trump's greatest coin ever) and give him half of the coin, then he may change his mind.
Other possibilities : Golf Coin, MAGA coin....

[freedomgo]

His ego cannot be satisfied without having a coin related to him.
Someone needs to create TGCE (Trump's greatest coin ever) and give him half of the coin, then he may change his mind.
Other possibilities : Golf Coin, MAGA coin....

I thought he had his own coin already.

https://coinmarketcap.com/currencies/trumpcoin/#charts

When I was new in crypto, I was thinking that trumpcoin is from Donald Trump because it was popular in yobit back in the past.

[snipie]

His ego cannot be satisfied without having a coin related to him.
Someone needs to create TGCE (Trump's greatest coin ever) and give him half of the coin, then he may change his mind.
Other possibilities : Golf Coin, MAGA coin....

I thought he had his own coin already.

https://coinmarketcap.com/currencies/trumpcoin/#charts

When I was new in crypto, I was thinking that trumpcoin is from Donald Trump because it was popular in yobit back in the past.

Whether i weren't aware of it or i forgot it. However, AFAIK Mcdonald Trumpoline still don't have a single penny which made it the worst and cheapest impersonation, ever!
Wait a minute...yobit is Russian...oh this will be so complicated, hopefully Mueller doesn't have a bitcointalk account, phew.. 

[1Referee]

I thought he had his own coin already.

https://coinmarketcap.com/currencies/trumpcoin/#charts

When I was new in crypto, I was thinking that trumpcoin is from Donald Trump because it was popular in yobit back in the past.

I'm pretty sure he doesn't know about it. I remember there was a coin called 'Coinye West' that due to legal problems with the actual artist Kanye West had to halt development after exchanges massively delisted the coin to avoid legal problems themselves. Imagine Trump doing the same here when he finds out about it and chase after Yobit and Livecoin, which according to CMC are the only exchanges having it listed.

TrumpCoin's all time high is around $0.84 while its current price is $0.026 on the aforementioned exchanges with no liquidity. I hope for Trump that his presidential career will be more fruitful than that.

[freedomgo]

TrumpCoin's all time high is around $0.84 while its current price is $0.026 on the aforementioned exchanges with no liquidity.

It had its success during the last bull run, and even before that, it has some pump and dump movement already in yobit and IIRC, I was almost tempted to trade this but I hold my ground and just ended up watching. There was no Binance that time, the only popular exchange were the Polo and Bittrex.

I hope for Trump that his presidential career will be more fruitful than that.

Hopefully because his success is the success of all the Americans also.

What I really hope is he will be pro bitcoin or pro crypto that he would consider making a fair regulation for the entire market.

[kecha1]

Of course he doesn't like it. Banks are afraid of the appearance of something like that, so they whisper to Trump that the existing system may collapse, which he certainly does not like

[freedomgo]

Of course he doesn't like it. Banks are afraid of the appearance of something like that, so they whisper to Trump that the existing system may collapse, which he certainly does not like

You have a very wild imagination, when I was new I thought bitcoin was a threat to the bank but when I saw the progress about bank adopting to crypto or bank using the blockchain system, I realize they appreciate it and whether bank or crypto, the government's job is to regulate the market.

[DooMAD]

Of course he doesn't like it. Banks are afraid of the appearance of something like that, so they whisper to Trump that the existing system may collapse, which he certainly does not like

You have a very wild imagination, when I was new I thought bitcoin was a threat to the bank but when I saw the progress about bank adopting to crypto or bank using the blockchain system, I realize they appreciate it and whether bank or crypto, the government's job is to regulate the market.

I don't think it's that wild.  In fact, I'd say there's no imagination involved at all.  Corporate lobbying is a huge issue in the US.  Those with the money pull the strings and the puppets in office dance to keep the campaign donations flowing.  The damage caused by being able to buy influence in this fashion should never be underestimated.    

Contrary to what the headlines might tell you, banks are not adopting crypto, they're co-opting it.  There's a difference.  Crypto is something that gives autonomy and self-determination to individuals.  It puts you directly in control of your own wealth.  Banks are not going to offer you that because it conflicts with their business model.  Whatever it is they're building, I can assure you it's not designed to empower you in the way that a real cryptocurrency does.

[hv_]

Of course he doesn't like it. Banks are afraid of the appearance of something like that, so they whisper to Trump that the existing system may collapse, which he certainly does not like

You have a very wild imagination, when I was new I thought bitcoin was a threat to the bank but when I saw the progress about bank adopting to crypto or bank using the blockchain system, I realize they appreciate it and whether bank or crypto, the government's job is to regulate the market.

I don't think it's that wild.  In fact, I'd say there's no imagination involved at all.  Corporate lobbying is a huge issue in the US.  Those with the money pull the strings and the puppets in office dance to keep the campaign donations flowing.  The damage caused by being able to buy influence in this fashion should never be underestimated.    

Contrary to what the headlines might tell you, banks are not adopting crypto, they're co-opting it.  There's a difference.  Crypto is something that gives autonomy and self-determination to individuals.  It puts you directly in control of your own wealth.  Banks are not going to offer you that because it conflicts with their business model.  Whatever it is they're building, I can assure you it's not designed to empower you in the way that a real cryptocurrency does.

Mostly correct. But I d rephrase a bit to: Big banks with power/ money to Can do such lobbying are against bitcoin/ Crypto Adoption.  But they also getting many strong arguments against it for free since there are strong facts to be debunked checkin the say "Top 3"

Btc: dropped the legal relevant signatures i.o. to go more Dark/ Anno Mode for  
Users (LN and coinjoin ... more aml / kyc check unfriendly moves are not helpful to get any decent industry on bord). All to make ml and illegal use easier!

ETH: illegal ICO (had to go to Switzerland...) and Platform for many illegal ICO...

XRP: biggest illegal Security token on the planet

...

So it is just too easy to get Goldman and Apple / eben FB to collude against Real open  Crypto