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Author Topic: Next US president pro-bitcoin?  (Read 534 times)
jossiel
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August 31, 2021, 09:03:05 AM
 #21

Biden just got in and although it's not that long, it's still far to think about a pro bitcoin president of America. And it won't be effective I think, as there's one that has campaigned and known to be one.

But he just stopped with his candidacy and campaign.

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August 31, 2021, 10:17:49 AM
 #22

the next president of us is pro bitcoin, this may be a very good step for bitcoin fans, but we need to realize even though the next president is pro bitcoin, but the president can't replace usd with bitcoin, because if the president makes bitcoin the main currency, it is certain that many will be harmed, and will be against the world, and certainly many will challenge your policies..
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August 31, 2021, 10:24:24 AM
 #23

Bob will not like mostly the government and a small percentage of the public. But overall, it will have a very big impact. And I want to think that the consequences will be positive.
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August 31, 2021, 11:08:01 AM
 #24

Whether that's the case or not is irrelevant because the US president doesn't wield absolute power, he (or she) has to make executive decisions in conjunction with the backroom staff (ie. advisors) in the White House, who are certainly not going to collectively change their stance about crypto anytime soon. One or two possibly, but an entire majority? That's a far cry.

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August 31, 2021, 11:23:45 AM
 #25

Bob will not like mostly the government and a small percentage of the public. But overall, it will have a very big impact. And I want to think that the consequences will be positive.
I don't think it's going to be a positive impact for bitcoin especially if it's US presidential seat that Bob is running for because the owners of those country cares more about the military, foreign policy and covert operations rather than the well-being of their countrymen.

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August 31, 2021, 11:38:09 AM
 #26

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

If you are a American you shouldn't vote just because the candidate like bitcoin or crypto cast your vote according to the track records of politicians and don't get worried about crypto since US government will adopt that once they see a large number of people using this and bitcoin will got a good stability together with merchants adoption.

Also think about it for example Bob like bitcoin but he's a corrupt official then what will happen? so think about it.

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August 31, 2021, 11:57:43 AM
 #27

One thing I have learned from politicians is this.... "They will say any bullshit to get into power" and prior to the election, they will make huge promises and when they get into power... they forget about all those promises and they just do the opposite.

During the "Trump" elections.. a lot of people that were pro-Bitcoin got into key positions and we all thought that it will stay that way. Those people quickly turned to conform to the ruling party agendas and some of them even turned against Crypto currencies. So do not get your hopes up!

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August 31, 2021, 01:51:09 PM
 #28

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

LOL.. such policies will make Bob a Libertarian. And Libertarian candidates usually receive around 2%-3% of the votes in the POTUS elections (back in 2020, Jo Jorgensen received 1.18%). So that gives you an idea how practical it is to make claims such as this one. Democrat and Republican parties are solidly behind the national currency (i.e the US Dollar). Trump is believed to be somewhat pro-Bitcoin, but even he won't approve what you have posted. So my prediction is that Bob would receive some 2% of the vote and zero electoral college votes.
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August 31, 2021, 02:35:03 PM
 #29

The next US president is pro bitcoin, even though the president issued a statement so I don't think it will have any effect on bitcoin, besides that people who play politics always promise sweet things, because they have their own goals, but once they are elected they certainly won't never be able to keep his promise, it's normal for every word issued by politicians, never be taken seriously..
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September 01, 2021, 12:15:47 AM
 #30

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

LOL.. such policies will make Bob a Libertarian. And Libertarian candidates usually receive around 2%-3% of the votes in the POTUS elections (back in 2020, Jo Jorgensen received 1.18%). So that gives you an idea how practical it is to make claims such as this one. Democrat and Republican parties are solidly behind the national currency (i.e the US Dollar). Trump is believed to be somewhat pro-Bitcoin, but even he won't approve what you have posted. So my prediction is that Bob would receive some 2% of the vote and zero electoral college votes.
Actually Trump said he doesn't like bitcoin and that it looks like a fraudulent scheme. He said bitcoin prejudices dollar and he totally supports dollar currency as the main world's currency.
But you are right about the votes percentage. A bitcoin proposal isn't enough to push a candidate up in an election. What really matters in a political campaign is money. If the candidate has money plus influence to buy support from another politicians and from the people he wins, that is how it works. Proposals play a little role in political disputes. They are just smoke screen.

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September 01, 2021, 01:26:25 AM
 #31

Surely the majority of people will love Bob and he will be elected by the majority of the people, but on the other hand, governments and politicians who have influence and power will hate Bob and will chase and kill him if they can, Bob here is Satoshi himself!! Satoshi has become the darling of the vast majority of people but the governments and banks hate him the most, and if he had not concealed his identity, they would have killed him long ago.
Authority and power are in the hands of governments, and they do not care about what the people want, and they will work with all their might to maintain their power and control over everything.


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September 01, 2021, 01:50:32 AM
 #32

The United States has always been in support of Bitcoin, but I don't think they will agree to let another currency replace their own currency. No one wants to harm their own interests. It is very unreasonable to let Bitcoin replace the U.S. dollar as legal tender. This is not a popular move, and most people should not vote for him.

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September 01, 2021, 02:12:43 AM
 #33

Bitcoin is getting into the bills and getting better and better. I like the idea that the next President of the United States will support Bitcoin, just as Trump praised Bitcoin in March 2017 and early 2021 he vehemently disparaged Bitcoin.
A wise president will please his voters with policies rather than favor Bitcoin, as it is also just a payment intermediary. Not all Americans own Bitcoin and cryptocurrencies. Therefore, it can be said that it is impossible to please the majority of voters by the above method.
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September 01, 2021, 02:14:43 AM
 #34

In recent years, the U.S. dollar has remained the top choice for the United States. Even inflation will not change the U.S. support for the dollar.
Bitcoin can only ease inflation in the United States, will allow the use of Bitcoin, and will always support Bitcoin. But it will not set Bitcoin as legal tender. They still like dollars in their hearts.
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September 01, 2021, 02:22:09 AM
 #35

When this move was proposed, it seemed that the impact on Bitcoin was not positive. Instead, the price of Bitcoin is now falling. Regardless of the current situation, it is necessary to vote to make an election decision. It is publicly proposed that Bitcoin depreciate the U.S. dollar. The result is There is no doubt that.
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September 01, 2021, 03:01:30 AM
 #36

Bob probably won't get elected. No wise presidential candidate would make it as his/her platform of government to remove the US dollar. That's definitely a suicide. If the globally powerful USD is weakening, present your plans to make it powerful again. But never say it is a pointless case to salvage it and that the US government would be better off replacing it with something like Bitcoin. You will not only sound ridiculous; you will sound nuisance.

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September 01, 2021, 04:38:20 AM
 #37

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected?

The moment Bob comes with the idea that adopting bitcoin as legal tender will kill inflation he will become the laughing stock of everyone and get 0.1% of all the votes. Just because you have a finite and limited number of coins doesn't mean that prices in goods will stay the same and it also doesn't guarantee you anything, not that you will always manage to bring together demand and offer. Bitcoin, fiat, or gold, no matter what you would have used you would have seen the same spikes in wood and coal prices and you would have seen the same contact growth in oil prices and energy as demand is gradually overcoming supply.

Poeple forget that the economies right now are no longer the same as in the middle ages when still inflation was present, the pace at which goods were manufactured shipped, and sold was totally different, reliance on imports was way smaller if not completely absent, people couldn't simply send tons of cargo to Asia next day if they were phoned they could get 2$ more on a kilo of cabbage there.

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September 01, 2021, 04:59:50 AM
 #38

Bob probably won't get elected. No wise presidential candidate would make it as his/her platform of government to remove the US dollar. That's definitely a suicide. If the globally powerful USD is weakening, present your plans to make it powerful again. But never say it is a pointless case to salvage it and that the US government would be better off replacing it with something like Bitcoin. You will not only sound ridiculous; you will sound nuisance.
People will definitely feel that the incoming election is no good at all. There's no way USD will be replace by a decentralized coin which most citizens will think the root of all scams. So Bob won't definitely succeed in his platform even if bitcoin has a very expensive value. People's first impression on bitcoin will eventually last for long.

Even if presidential election will not happen but as long any candidate is obviously pro-bitcoin, the citizens will hesitate to vote him or not.
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September 01, 2021, 05:16:23 AM
 #39

Remember,,, the last president candidate who wanted to go full Bitcoin eventually had to go on the run, and was captured abroad, and died in prison. So I do not think it is healthy or even good for any guy who wants to be president who also wants to be pro bitcoin.

This is only half a joke of course  Cool

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September 01, 2021, 05:38:58 AM
 #40

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?
The victory of the Presidential Election is not only influenced by one factor. Many factors influence . But if you see if he said that only focused on one factor , looking for supporters only from among bitcoin holders in my opinion it would kill his own career . Because I'm sure the US community does not all hold bitcoin. So it's better that he doesn't say that and it's better to seek sympathy in other ways.

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