Trump picks the first ever bitcoiner on a presidential ticket who holds bitcoin!

[Reid]

But @pooya87
What about him freeing Dread Pirate Roberts Aka. Ross Ulbricht
We are discussing about him mentioning this during the Bitcoin Conference a few weeks ago.
https://bitcointalk.org/index.php?topic=5500995.40

Well, Ulbricht was arrested in 2013 and Trump took office in 2017. If Ulbricht really deserves to be freed then why didn't Trump free him back then? As I pointed out earlier he had 4 long years to do stuff like this! And he undid a lot of things that had happened during Obama presidency...

BTW he technically said he would "commute" his sentence which doesn't necessarily mean freeing him.

And Trump didn't know about Bitcoin or it's history back in the time he was sitting in the office, so he might not know about Ross Ulbricht too, that's what I believe. Or, it was not as big as now, not in value but in popularity. I actually have that same question back then but I realized it's not like Bitcoin was seen as a good thing before.
We all know how Bitcoin was being brought down back in the days and even their supporters who are popular people are being doubted by their fans and thought they were all crazy for investing in Bitcoin.
Who is crazy now?

I think Trump did all this at the right time where it's almost ripe for cryptocurrencies. Why he did it now? He needs the support of cryptocurrency fans and I believe now he has knowledge about it especially those who are near him.

[rdbase]

But @pooya87
What about him freeing Dread Pirate Roberts Aka. Ross Ulbricht
We are discussing about him mentioning this during the Bitcoin Conference a few weeks ago.
https://bitcointalk.org/index.php?topic=5500995.40

Well, Ulbricht was arrested in 2013 and Trump took office in 2017. If Ulbricht really deserves to be freed then why didn't Trump free him back then? As I pointed out earlier he had 4 long years to do stuff like this! And he undid a lot of things that had happened during Obama presidency...

BTW he technically said he would "commute" his sentence which doesn't necessarily mean freeing him.

Sentences can change once a candidate is in office being the president can exonerate individuals since he wasn't in power at the time Ross was imprisoned.
Cryptocurrencies are much more valuable now then it was when he was captured and this president even has an NFT collector card collection so you know he is embracing it more than the other party that are currently in office.


https://collecttrumpcards.com

Back to the topic on hand as THIS IS NOT a completely political thread as we are talking about how the next presidential candidate will handle bitcoin!
So keep all personal politicial views off my thread(s)!

Ross got life? While Sam Bankman Fried got only 300 months? His massive donations to the current party must of helped his case. Two complete opposite sides of the coin with how these political parties view cryptocurrency in their points of view!

https://protos.com/chart-how-long-are-prison-sentences-for-crypto-criminals-in-the-us

[Abiky]

Currently, not all but the majority of crypto investors are on Trump's side and supporting him, he has received huge support from the crypto community. But that does not mean he will be elected because cryptocurrency is not a key factor in determining the election results, votes from cryptocurrency only help him increase his chances of winning, but do not guarantee victory for him.

If Trump is elected, there will certainly be changes in Congress, there will always be changes from the Senate, House of Representatives, and Congress every time a member of another party comes to power. So you are right in saying that it is still very early to say what will happen.
But what people are more concerned about is whether Trump will really keep his promises after being elected or will forget everything he promised after achieving his goals.

Whenever Trump's been taking crypto seriously or not, we can't deny that crypto is making history in politics. I'd say crypto is beginning to matter in America. Back then, crypto was nothing compared to what it is right now. Crypto voters could certainly make a difference in this year's election. While a lot of people still haven't heard about or used crypto before, times are changing at a very fast pace. The rising popularity of Bitcoin can't be ignored. Either the US government joins the game or gets left behind in the dust.

Imagine what would happen if Trump wins the White House and Republicans take control of both chambers of Congress (House + Senate). The crypto market would be going all the way to the moon (or Mars for that matter). I doubt Harris will make things better for crypto, especially when the Biden administration regulated it with an "iron fist". She is part of such administration (currently the sitting Vice President of the United States), anyways. Hopefully, Americans in support of crypto choose wisely before it's too late.

[rohang]

Even if Trump wins i dont think it is surely a good thing for crypto,

All these politicians IMO are backed by billionaires aka Fiat money people who usually hate/are against crypto to maintain their status quo

There have been some trump NFT's going around solely to finance him/his campaign

[pooya87]

Ross got life? While Sam Bankman Fried got only 300 months? His massive donations to the current party must of helped his case. Two complete opposite sides of the coin with how these political parties view cryptocurrency in their points of view!

That may have played a role but also US judiciary system usually makes an example of certain people, specially the first cases to send a signal to others who might want to go on the same path. So Ross had to get life so that no one else dares create a decentralized anonymous marketplace.
Exactly why they went so hard on Aaron Swartz and traumatized him so much that led to his suicide.

In contrast, SBF is just a scammer so he is not the first person or first case.

[JollyGood]

The first thing that came to my mind is that even if Trump has some how picked a supposed crypto-friendly as his running mate, it does not mean he will hold sway over any of the economical and banking financial decision making. Furthermore, in my opinion whether the eventual winner is Trump or Harris, they will have very little input regarding crypto legislation because big business lobby groups would be doing that.

[Zlantann]

The first thing that came to my mind is that even if Trump has some how picked a supposed crypto-friendly as his running mate, it does not mean he will hold sway over any of the economical and banking financial decision making. Furthermore, in my opinion whether the eventual winner is Trump or Harris, they will have very little input regarding crypto legislation because big business lobby groups would be doing that.

Politicians are like chameleons that change colours to suit their interests. Donald Trump is a well-known liar, who has been indicted for engaging in criminal activities. He can easily change his stance after he gains political power. Trump would give many reasons why his campaign promises cannot be implemented after he becomes POTUS. Bitcoin is immune to politics ( the market will readjust after any political event or policy), so I don't care about what Kamala Harris or Trump says about the crypto industry. But I trust Harris more than Trump, that's my personal opinion.    

[rdbase]

The first thing that came to my mind is that even if Trump has some how picked a supposed crypto-friendly as his running mate, it does not mean he will hold sway over any of the economical and banking financial decision making. Furthermore, in my opinion whether the eventual winner is Trump or Harris, they will have very little input regarding crypto legislation because big business lobby groups would be doing that.

Politicians are like chameleons that change colours to suit their interests. Donald Trump is a well-known liar, who has been indicted for engaging in criminal activities. He can easily change his stance after he gains political power. Trump would give many reasons why his campaign promises cannot be implemented after he becomes POTUS. Bitcoin is immune to politics ( the market will readjust after any political event or policy), so I don't care about what Kamala Harris or Trump says about the crypto industry. But I trust Harris more than Trump, that's my personal opinion.    

Of course they are. Who else would think otherwise, unless you are a complete incel like that rat legiteum who keeps going to threads he does not like just to be a complete annoyance to others who don't care about politics.
So to each their own as I can careless and do not ever suffer fools!

So on to todays bitcoin news on this presidential election!

https://x.com/CollectTrump/status/1828445992066109950
Notice the BTC on the shield?

Let them play their games so we can just sit back and enjoy the show! Allow the karens who are screaming just like Drunk kamala will do come September 10th when they will have their debate.

[rohang]

The first thing that came to my mind is that even if Trump has some how picked a supposed crypto-friendly as his running mate, it does not mean he will hold sway over any of the economical and banking financial decision making. Furthermore, in my opinion whether the eventual winner is Trump or Harris, they will have very little input regarding crypto legislation because big business lobby groups would be doing that.

Yep for sure, and these elections are run by fiat money donators and lobbyists. crypto has close to  zero influence and will continue to do so for some time

[Mpamaegbu]

Trump would have difficulty passing pro-crypto laws through Congress. I think Democrats have a majority in at least one part of it.

This composition with Dems having majority seat in Congress now can still change. If we go by how abysmally the Biden administration has scored in public domain I believe more voters are likely not going to vote for them in the next election. I expect Dems to lose more seats.

[rdbase]

Trump would have difficulty passing pro-crypto laws through Congress. I think Democrats have a majority in at least one part of it.

This composition with Dems having majority seat in Congress now can still change. If we go by how abysmally the Biden administration has scored in public domain I believe more voters are likely not going to vote for them in the next election. I expect Dems to lose more seats.

Two have turned coat and offer their support for Trump including RFK who dropped out of the presidential race earlier in the week and this ex-democrat Tulsi Gabbard right afterwards:

source: https://www.theguardian.com/us-news/article/2024/aug/26/tulsi-gabbard-endorses-donald-trump

Still, cryptocurrency and how it will be handled will be more infocus this time around since four years ago there weren't any influence from corporations and governments moving bitcoin around from it's wallets in a while.
Also the big deciding factor that the candidates have to talk about it are the bitcoin spot ETF inflowing billions since their inception on the financial landscape early in the year.

https://www.reuters.com/technology/blackrocks-etf-becomes-largest-bitcoin-fund-world-bloomberg-news-reports-2024-05-29

https://www.bloomberg.com/news/articles/2024-05-29/blackrock-s-ibit-now-world-s-largest-bitcoin-btc-etf-as-gbtc-shrinks

[Obari]

I’m not really more of a political person but I think trump picked the right approach to this political career this time and anyone who have him that very advise did him so much good.
I think this very election is at some point, showing how much influence cryptocurrency is gaining and with this step of trump choosing a running mate who already has some reasonable amount of holdings is a clear indication that he might keep to his words and he should also know that, he got the mass support of crypto community and this is because they all want to see him keep to his words.

I don’t actually trust the words of a politician especially during campaigns but I hope his case is different and we are keeping a close eye on him.


:. I don’t usually engage in the USA election issues but this hit my attention.

[Marvell1]

Even if Trump wins i dont think it is surely a good thing for crypto,

Yes, there is no guarantee that Trump will be elected and will bring anything good to crypto. But is the current administration good for crypto? And what guarantees that if Harris is elected, crypto will be better off than under Biden?

Most people will support Trump, simply because they no longer have faith in the current government (Democrats) and they want to bet on something new. While betting on Trump is not a guarantee, it is still worth betting on because compared to the current administration, we can see that they are not crypto-friendly.

[JollyGood]

Politicians are like chameleons that change colours to suit their interests. Donald Trump is a well-known liar, who has been indicted for engaging in criminal activities. He can easily change his stance after he gains political power. 

Even though many enter politics with a desire to to do good and contribute positively for the people they represent, the sad fact remains that many get drawn in to the world of power addiction as well as corruption whether it is about their ego or the money that goes in to their pocket via lobbying companies. Not all politicians are the same of-course but we have seen politicians say one thing one day and another thing another day.

Trump would give many reasons why his campaign promises cannot be implemented after he becomes POTUS. Bitcoin is immune to politics ( the market will readjust after any political event or policy), so I don't care about what Kamala Harris or Trump says about the crypto industry. But I trust Harris more than Trump, that's my personal opinion.    

I understand your reasons for trusting Harris over Trump but I do not trust either of them.

[Ale88]

Wow, I had read about the new VP but did not know this aspect. It seems then that Trump's pro-Bitcoin turn is in earnest. In general I don't trust politicians, and if it's on the campaign trail even less but Trump would be neither the first nor will he be the last to change his stance on Bitcoin (remember Saylor, for example). He also received $2 from the Winklevoss twins. But if the VP has personally Bitcoin it seems clear that if he wins with his policies he is going to be favorable to Bitcoin and all that surrounds it. There are also several big name Republicans involved in Bitcoin and the Mining Industry, like Ted Cruz for example.

I don't like politicians either but I really don't see why Trump should be lying about being favorable to bitcoin and its adoption: he's a businessman, whoever has a brain understands why bitcoin should be joined rather than be fought, especially because being completely decentralized it's a war a country can win. If Trump wins we could see some very interesting developments.

[rdbase]

Wow, I had read about the new VP but did not know this aspect. It seems then that Trump's pro-Bitcoin turn is in earnest. In general I don't trust politicians, and if it's on the campaign trail even less but Trump would be neither the first nor will he be the last to change his stance on Bitcoin (remember Saylor, for example). He also received $2 from the Winklevoss twins. But if the VP has personally Bitcoin it seems clear that if he wins with his policies he is going to be favorable to Bitcoin and all that surrounds it. There are also several big name Republicans involved in Bitcoin and the Mining Industry, like Ted Cruz for example.

I don't like politicians either but I really don't see why Trump should be lying about being favorable to bitcoin and its adoption: he's a businessman, whoever has a brain understands why bitcoin should be joined rather than be fought, especially because being completely decentralized it's a war a country can win. If Trump wins we could see some very interesting developments.

Don't like either candidate but the one who can help cryptocurrency, more so bitcoin the most, will get my attention.

Several hours ago Trump announced plans on how he will make the U.S the cryptocurrency capital of the world on X:


source: https://www.cnbc.com/2024/08/29/trump-crypto-plan-coming-election-harris.html
Here is the x post underlined first from the article above which shows the company World Liberty Fi right at the end:
https://x.com/realdonaldtrump/status/1829141447087648

This one discusses more in-depth what World Liberty Fi is that was created by his sons Eric and Don Jr.
https://www.forbes.com/sites/digital-assets/2024/08/26/it-ends-now-donald-trump-reveals-surprise-assault-on-crooked-wall-street

[JollyGood]

The same here, I do not like either candidate but I also do not believe the one (or ones) being credited for being crypto friendly or for apparently making positive noises about issues that might resonate with voters. I think that was when the chameleon comment was made earlier with good reason.

It really is up to the financial sector lobbying groups that support candidates whether they will push for a crypto friendly environment or not, therefore if they do get their candidate in to office they will probably be the ones making that decision.

Don't like either candidate but the one who can help cryptocurrency, more so bitcoin the most, will get my attention.

[snerd]

Only a far left radical liberal with TDS could not see and understand that #Trump2024 is the best bet for the future of Bitcoin in the U.S. going forward. FACT.

/thread

[JollyGood]

What you stated is highly debatable and cannot be taken as a matter of fact even though claim it but for a moment even if were to believe Trump was the best bet for the future of Bitcoin in the U.S. going forward, would it be appropriate for voters to cast their vote based on one aspect alone? For example, whether Trump or Harris in future made pro-crypto noises, does it matter if they are removing funding from a sector most people care about including low earners and those that need free medical or social care? Or of they are overspending on sectors they care little for?

Crypto will survive long after Trump and Harris are replaced by others.

Only a far left radical liberal with TDS could not see and understand that #Trump2024 is the best bet for the future of Bitcoin in the U.S. going forward. FACT.

/thread

[rdbase]

Once again this is not a political debate on my thread.
Let me keep this clear for all to see!

This is about the vice president that Trump picked who happens to be a bitcoiner - one who holds and advocates it's use in a future financial system and will probably mold it into some laws if put into office aside the leader of the republican party.

Who cares if it is one or the other as long as the presidential party can recognize bitcoin and what it is, for the future of America and eventually around the globe.