Will Bitcoin become better

[Gladitorcomeback]

There is no doubt that a politician can make big promises and say many things before the elections only to get more votes from people who have these things in mind and would support the politician who promises to work on these things. Now these politicians understand that Bitcoin and cryptocurrencies are a trending topic and there are a lot of people who are in support of these things, so if they show support for Bitcoin and cryptocurrencies, those people will support them in the elections.

Politicians play a lot of mind games, they can tell a lot of lies and make a lot of fake promises to the people only for personal benefits and gains, and as you said, they would forget their promises and claims after the elections. This is at least what happens mostly in third-world countries, I'm not sure about developed nations though.

[Dunamisx]

What is the gain if the US dollars is backed by Bitcoin?

think about the likely possibility for that first before considering the benefits, government fiats currency is centralized, bitcoin is decentralized, can the two work together except they are the same, because government cant regulate bitcoin.

Is this even a possibility?

I will say no to this.

This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

If am getting this correctly, you're referring to him saying that he may clamp down on CBDC, i doubt this.

What is the advantages and the disadvantages you see here?

This is nothing more than a political propaganda sort of or game.

[Fiasem20]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility?

It is impossible, the US dollar can't be backed by Bitcoin because Bitcoin is decentralized.It's just like backing up a centralized asset with a decentralized one,which we know the both can't work together.

This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

The government would never want to terminate the CBDC for no just reason because the CBDC is still controlled/managed/regulated by the government.How sure are you concerning this information?.

Will Bitcoin become better if any of these become possible?

It won't because it wasn't invented to be controlled by centralized entities.

[Zigabel]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? are these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

I think if you understand the dynamics and the total independence that bitcoin has got maybe you would understand better how well these thing may not really have much effect on bitcoin except in the fact that if you are doing DCA then you may get affected a little. i don't think there's actually really goin to have such a big effect of the dollar on the coin if eventually it happens that all this are in place and bitcoin has got the backing of the dollar in recent times. bitcoin isn't actually dollar dependent , its only valued in dollar due to the universal adaptability of the dollar.

bitcoin will get more acceptability if its backed by the dollar and that's  the major advantage i really get to see in the backing of dollar on bitcoin asides which the block chain technology doesn't allow for bitcoin to be affected so much by the strength or backing of the dollar as its only using dollar for its valuing system asides which the economic situations around dollar may not really get to affect bitcoin well enough

[GbitG]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

Hmm that's instinctively political propaganda !  

But anyway, for me it doesn't make sense that the US dollar will be backed by Bitcoin. It's is  impossible to do because Bitcoin is a commodity, its supply is finite and it has a decentralized ecosystem From all above, Bitcoin is a highly volital assets so I mean it's just completely different from the US Dollar. Considering both in the same aspect is not the right thinking. Theoretically, it is possible, but in reality it doesn't make sense because Bitcoin is a highly volital assets and the US dollar is a stable coin While another thing is that Bitcoin is decentralized and the US dollar is under the control of the central tendency of the Government.  

So the weighing up between Bitcoin and the US $ is impossible. Bitcoin and US dollar weighing up of both of them are different from each other, but backing up US against Bitcoin is a distant thing. It is not possible, it is nothing but a fraud to get votes from the public.
 
Silly D. Trump! 

[Assface16678]

There is no doubt that a politician can make big promises and say many things before the elections only to get more votes from people who have these things in mind and would support the politician who promises to work on these things. Now these politicians understand that Bitcoin and cryptocurrencies are a trending topic and there are a lot of people who are in support of these things, so if they show support for Bitcoin and cryptocurrencies, those people will support them in the elections.

Politicians play a lot of mind games, they can tell a lot of lies and make a lot of fake promises to the people only for personal benefits and gains, and as you said, they would forget their promises and claims after the elections. This is at least what happens mostly in third-world countries, I'm not sure about developed nations though.

Exactly, very well said. Obviously,  now that some politicians have mentioned crypto currency or bitcoin itself, many more politicians will also say it or mention it in their promises. This domino effect proves that politician will take the chance in order to make their names popular and attract people to vote for them, and of course it is possible that most of those politicians didn't know what crypto or bitcoin was, but for the sake of votes, they will make promises or keep on mentioning it. Is that the politician you will want? Fake promises involve bitcoin and crypto. Of course not. Maybe some politician or candidate will keep their promises, but before we choose who we will vote for, we need to analyse and know if they will really do what they promise. And not just politicians; some celebrities are also mentioning and spreading the news that they are doing crypto stuff in order to attract popularity.

[bettercrypto]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

The question there is: is there any country that has a Bitcoin backup? Can you name a country that has done that? For sure, you can't identify any country that did that because, first of all,
Bitcoin is decentralized and the government is centralized, you know?

In short, what you are saying is impossible, and that cannot be possible. At least it will never happen that Bitcoin will be regulated under government regulation; remember that.

[isabellajones]

Let me start with my own opinion. I am also an investor in Bitcoin. Talk about its advantages and disadvantages

Advantages:

1. Increased currency stability: If the US dollar is backed by Bitcoin, it may reduce the impact of inflation on the value of the US dollar because the supply of Bitcoin is limited.

2. Reduced financial system risk: Pegging the US dollar to Bitcoin may help reduce risks within the financial system because the decentralized nature of Bitcoin may provide more transparency and security.

Disadvantages:

1. High uncertainty: The Bitcoin market is extremely volatile, and pegging the US dollar to Bitcoin may increase uncertainty in the value of the currency, leading to greater volatility.

2. Legal and regulatory risks: The legal status and regulatory environment of Bitcoin remain unclear, which may pose risks to the stability and legitimacy of the US dollar.

3. Technical challenges: Achieving the peg between the US dollar and Bitcoin requires solving technical and infrastructure challenges, which may be a complex process.

For Kennedy and Trump's remarks, politicians usually put forward various views when discussing monetary policy and financial system reform. Some views may be based on their views on the current situation or for political propaganda purposes. Therefore, these remarks need to be analyzed in depth and combined with other factors to assess their impact.

Whether Bitcoin will be better depends on how it is implemented and how the market and regulators respond. Bitcoin itself has many unique characteristics, including decentralization, limited supply and security, which may have a positive impact on the monetary system.

[kotajikikox]

The question there is: is there any country that has a Bitcoin backup? Can you name a country that has done that? For sure, you can't identify any country that did that because, first of all,
Bitcoin is decentralized and the government is centralized, you know?

In short, what you are saying is impossible, and that cannot be possible. At least it will never happen that Bitcoin will be regulated under government regulation; remember that.

People are imagining the future of the United states of America with bitcoin because many politicians are coming out and promising the crypto community of good things. Let us be reminded that these politicians do not care about anything but themselves.

they can and they will lie to our faces if it meant gaining your support and your votes. Whatever the government says and how much they want to say that they are in favor of bitcoin or cryptocurrencies, there will always be a level of resistance and cautiousness from the government.

[isabellajones]

I have always believed that Bitcoin can always maintain

[benalexis12]

Bitcoin will always be better for everyone and for every country as well. It's just different in how people treat Bitcoin. The only sad thing about the majority of countries around the world is that the countries' governments and politicians do not recognize the good concept that Bitcoin has.

It's because politicians always prioritize their personal interests over the welfare of the people they are supposed to serve, not the ones being served. This is the reality for all countries around the world at this time.

[pinggoki]

That doesn't really mean anything, being backed by dollar means that bitcoin is controlled by someone and I don't think that any person here is going to like that idea that there are people out there that can control bitcoin because it's backed by the US dollar, also it's clearly impossible given how decentralized the bitcoin network is, it will never become backed by anything. I don't think that bitcoin being backed by any currency isn't a thing that would make bitcoin better, it will not speed up the transactions or lower the transaction fees so how can you expect bitcoin to be better by just doing that thing.

[MiF]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

They can't do anything to bitcoin,no one can control its price,if there are people who will say they will control the bitcoin maybe they are dreaming it is decentralized so even politicians can't control it,bitcoin is for a long term investment and it is the most safe investment in crypto because it is proven and tested for a long time and only time can tell the future of btc not the politicians most of them are liar just like what you said.

[justdimin]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

With time, I am sure it will be. There are probably two things that I want to see, and after those two things are done I do not think that anything else would be needed, we could grow to trillions of dollars easily without a trouble. First of all, we need to find a way to securely make blocks quicker, so that we can pay somewhere, and make it cheap, and make it fast as well, just as quick as a credit card payment because if we can do that it would be helpful for everyone.

Secondly, we need some app that we can use to pay everywhere, using QR code technology I assume but whatever we can from our phones, which means that we do not require any place to take bitcoin, we need an app that pays that person fiat, but we are paying in bitcoin, hence we can use our bitcoins everywhere.

[LogitechMouse]

~
Will Bitcoin become better if any of these become possible?

I can't think of BTC being backed by USD because at first place, the government didn't create Bitcoin. They simply can't do it.
With regards to those politicians, don't get lured on what they're saying especially Trump who is obviously using Bitcoin to gain some popularity.

There are no advantages, or disadvantages because this simply can't happen. You already said that the biggest liars are the politicians, and I always believe that there are still politicians around the world that aren't corrupt and they're down to earth, but most of them are just taking advantage of their people.

Bitcoin can become better, but not in this way. There are many ways for Bitcoin to become better.

[lizarder]

Bitcoin will always be better for everyone and for every country as well. It's just different in how people treat Bitcoin. The only sad thing about the majority of countries around the world is that the countries' governments and politicians do not recognize the good concept that Bitcoin has.

It's because politicians always prioritize their personal interests over the welfare of the people they are supposed to serve, not the ones being served. This is the reality for all countries around the world at this time.

Not all countries completely ban the idea of ​​bitcoin as we still see them accepting bitcoin as an investment asset even though it is banned as a legal means of transaction. On the other hand, not all politicians do not recognize the concept of bitcoin because we never know that they themselves are sometimes involved in bitcoin and maybe they are reluctant to provide public information.

Opposition occurs because the state and politicians are too concerned about the operation of bitcoin but they do not completely want to ban it. If they really want to do so then all exchanges should not be given operating permits and everything related to bitcoin should be blocked. In fact, this was not done and in fact they did not try to limit it more strictly except for only a few countries that banned it completely.

[Razmirraz]

The only thing these two politicians can do if they become rulers is to recognize Bitcoin as legal tender as El Salvador did. But the possibility is very small because Bitcoin is not centralized and is not controlled by any authority, the existence of two currencies in one country will make one of them die, in this case the Dollar will be unable to compete with Bitcoin. Politicians will use weapons that are considered the most effective to attract sympathizers to support their programs, Bitcoin is a medium that is very easy to get attention from the public because its increasingly widespread level of development means more and more sympathizers.

I have very often seen politicians choose something that is in demand by various levels of society to use as a weapon in campaigning, but they very easily break all their promises when they are elected. Kennedy and Trump will never be able to control the price of Bitcoin because the concept is always determined by supply and demand. The United States central bank will not agree with this idea because it could weaken the dollar due to Bitcoin and no one can regulate it.

[wtsimis]

Technology will only benefit us when we use the technology in the right way.
Bitcoin is always good for everyone. It will be good for all countries. But still many governments and central banks see bitcoin as an economic threat due to money laundering through bitcoin. But proper use of bitcoin will make life easier.
But not all countries completely ban the concept of Bitcoin. Because Bitcoin is seen as an investment asset. But transactions are prohibited by legal means.

[rodskee]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

Lets not buy things they said about bitcoin being connive in any forms of Physical currency because
this is not what the nature opf bitcoin being created by satoshi , this will only change the essence and
the maturity of bitcoin in the future and for sure their plans is for bitcoin to depend in dollars than
dollars depending in bitcoin .

Bitcoin is a great opportunity

it is our privilege and not by the government , bitcoin was created for the people outside
the office of government and the government will never allow this as it is uncontrollable so why
would they let this to act such way when even them cannot own this?

[AmoreJaz]

Technology will only benefit us when we use the technology in the right way.
Bitcoin is always good for everyone. It will be good for all countries. But still many governments and central banks see bitcoin as an economic threat due to money laundering through bitcoin. But proper use of bitcoin will make life easier.
But not all countries completely ban the concept of Bitcoin. Because Bitcoin is seen as an investment asset. But transactions are prohibited by legal means.

For now, many people are seeing btc as an investment asset owed to its high volatility factor. So for them, this is a very good market to earn high profits. Education is the key to lessen if not totally discard the negative thoughts towards crypto market and blockchain technology. Because it is indeed real that if blockchain tech is used accordingly, it can serve a lot of amazing things to any business. Just consider the transparency and the duration of transaction it can do to any business, and they will discard the human error in the process. However, such aspect has been utilized only by few up until now. How many big companies are deploying blockchain tech in their business operations?