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Author Topic: Trump proposes strategic national crypto stockpile  (Read 346 times)
avikz
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July 29, 2024, 02:58:09 PM
 #21

This was certainly the headline:
“Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’”

https://www.cnbc.com/2024/07/27/trump-bitcoin-conference-harris.html


“The Biden-Harris administration’s repression of crypto and bitcoin is wrong and it’s very bad for our country,” Trump said. “Let me tell you if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn’t believe.”

It is no doubt that the current US administration is very hostile about cryptocurrency. They are harrassing individuals as well as the business corporations at their will. They are imposing fines in tune of billion dollars to break the financial backbone of the crypto industry. That needs to change!

However the last thing I would do is to believe a politician. Is expected to win the election. But until you see some actions, there's no reason to believe him.

stompix
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July 29, 2024, 03:02:59 PM
 #22

I will build a wall, drain the swamp, put damn taxes on those crypto traders, and slap a new import tax on all mining gear!

Do you know what were the two things the guy has actually done of what he has promised?  Grin
I understand for foreigners listening to this idiot promising stuff to actually believe him because of pure interest, but Americans rally believing him and forget he doesn't even have the power to do most of the things must be really out of their minds.

If Kamala would be smart enough in that head-to-head she would ask him a few basic things about Bitcoin, I wanna see the faces of all crypto supporters when they realize the guy probably doesn't even know what a wallet is.

It is no doubt that the current US administration is very hostile about cryptocurrency.

Bullshit!

 

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pawanjain
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July 29, 2024, 03:07:02 PM
 #23

Trump has been playing the bitcoin card for quite a few weeks now but he's such a person whom we cannot trust easily.
Whether he fulfills his promises is a questionable thing but due to his announcements we can surely see a surge in bitcoin price.
At least Trump's existence is benefitting in pumping bitcoin's price up  Tongue

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mirakal
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July 29, 2024, 04:05:37 PM
 #24

This was certainly the headline:
“Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’”

https://www.cnbc.com/2024/07/27/trump-bitcoin-conference-harris.html


“The Biden-Harris administration’s repression of crypto and bitcoin is wrong and it’s very bad for our country,” Trump said. “Let me tell you if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn’t believe.”

It is no doubt that the current US administration is very hostile about cryptocurrency. They are harrassing individuals as well as the business corporations at their will. They are imposing fines in tune of billion dollars to break the financial backbone of the crypto industry. That needs to change!

However the last thing I would do is to believe a politician. Is expected to win the election. But until you see some actions, there's no reason to believe him.
You know it’s easy to believe a politician if he has been supportive to bitcoin since the first day, but looking how Trump has shifted his idea about bitcoin, this is very obvious, it’s all for the upcoming US election only. And after that, Trump will show his true color.

This is why I cannot trust Trump words for now. Of course, he will do everything for the sake of bitcoin and its community, but the question is until when?

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Wind_FURY
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July 30, 2024, 08:06:10 AM
 #25


Trump has been playing the bitcoin card for quite a few weeks now but he's such a person whom we cannot trust easily.
Whether he fulfills his promises is a questionable thing but due to his announcements we can surely see a surge in bitcoin price.

At least Trump's existence is benefitting in pumping bitcoin's price up  Tongue


Shower thought. What if Trump actually hired a group of advisers to help him formulate a plan on how to regulate Bitcoin in a fair and non-obstructive manner? I watched his speech and he said all of the right things, such as self-custody, cheap electricity, a Strategic Reserve. I don't believe Trump could think of that by himself. Who is advising Trump about Bitcoin?

¯\_(ツ)_/¯

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tygeade
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July 31, 2024, 05:26:24 PM
 #26

I like Trump in some of his interviews and stance with peace and how he should deal with it. But I guess this is a typical politician that we all have. That's very too good to be true if it happens but if he'll prove us wrong about that plan he's got, kudos to him.

There's more to wait and his candidacy isn't just going to center about Bitcoin.

Look at all the industries that he's campaigning, he'd certainly say good things about it so that they'd be with him.
I have not seen that many politicians that went up and said "I am going to go into another nation and kill a bunch of people", the situation with Trump is that he actually does mean it, but not for great reasons. Like for example the whole Ukraine situation, he is going to cut any ties with Ukraine, which I can totally understand from financial point of view, why would Americans spend their hard earned tax dollars for Ukraine, right?

But the point he is trying to make is not to stop helping Ukraine, the point is to make sure Russia wins, because he is friends with Putin. So he would be doing the right thing, for wrong reasons, but to be fair if Kamala wins, which looks more and more likely, then it would mean more help for Ukraine, and more tax dollars going to another nation, which does hurt Russia which is good for USA, and it's human thing to do, help a country that is getting bombarded by a bigger nation, but also it is not fair to tax payers as well. When you think about it, there isn't really a right choice candidate, both of them are doing something wrong, and that's why USA is in danger, no matter who they pick, the elected president will do something wrong, it's that simple.

pawanjain
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July 31, 2024, 05:48:16 PM
 #27


Trump has been playing the bitcoin card for quite a few weeks now but he's such a person whom we cannot trust easily.
Whether he fulfills his promises is a questionable thing but due to his announcements we can surely see a surge in bitcoin price.

At least Trump's existence is benefitting in pumping bitcoin's price up  Tongue


Shower thought. What if Trump actually hired a group of advisers to help him formulate a plan on how to regulate Bitcoin in a fair and non-obstructive manner? I watched his speech and he said all of the right things, such as self-custody, cheap electricity, a Strategic Reserve. I don't believe Trump could think of that by himself. Who is advising Trump about Bitcoin?

¯\_(ツ)_/¯

You have a possible answer for yourself. May be Trump did hire an advisor not to get into bitcoin but to create a speech about bitcoin for his political tactics.
I really wish he fulfills all what he says but you know how hard it can be to believe him.

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July 31, 2024, 08:55:22 PM
 #28

This was certainly the headline:
“Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’”

https://www.cnbc.com/2024/07/27/trump-bitcoin-conference-harris.html


“The Biden-Harris administration’s repression of crypto and bitcoin is wrong and it’s very bad for our country,” Trump said. “Let me tell you if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn’t believe.”

It is no doubt that the current US administration is very hostile about cryptocurrency. They are harrassing individuals as well as the business corporations at their will. They are imposing fines in tune of billion dollars to break the financial backbone of the crypto industry. That needs to change!

However the last thing I would do is to believe a politician. Is expected to win the election. But until you see some actions, there's no reason to believe him.
The current US administration makes it very obvious for the bitcoin community that bitcoin is nothing but an unreliable and valueless currency in the long run, so it has no place in any financial institutions.

However, with Trump, there's always a promise for a new beginning and promotion, but we all know this could be another kind of a trap. No one should trust words coming from a politician, not until he's serious enough and meant every word that he says or speaks.

R


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August 01, 2024, 10:27:54 AM
 #29


Trump has been playing the bitcoin card for quite a few weeks now but he's such a person whom we cannot trust easily.
Whether he fulfills his promises is a questionable thing but due to his announcements we can surely see a surge in bitcoin price.

At least Trump's existence is benefitting in pumping bitcoin's price up  Tongue


Shower thought. What if Trump actually hired a group of advisers to help him formulate a plan on how to regulate Bitcoin in a fair and non-obstructive manner? I watched his speech and he said all of the right things, such as self-custody, cheap electricity, a Strategic Reserve. I don't believe Trump could think of that by himself. Who is advising Trump about Bitcoin?

¯\_(ツ)_/¯


You have a possible answer for yourself. May be Trump did hire an advisor not to get into bitcoin but to create a speech about bitcoin for his political tactics.

I really wish he fulfills all what he says but you know how hard it can be to believe him.


Hired an adivsor merely to write a speech about Bitcoin? Hahaha you misunderstood me, ser. I'm talking about REAL  advisors - chosen from the respected people in Bitcoin to help Trump formulate policies for Bitcoin and Bitcoin merchants/services.

I believe David Bailey who's the current owner of Bitcoin Magazine is one of those advisors. Cool

Does anyone know who are the other advisors?

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August 02, 2024, 08:47:17 AM
 #30

This was certainly the headline:
“Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’”

https://www.cnbc.com/2024/07/27/trump-bitcoin-conference-harris.html


“The Biden-Harris administration’s repression of crypto and bitcoin is wrong and it’s very bad for our country,” Trump said. “Let me tell you if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn’t believe.”

It is no doubt that the current US administration is very hostile about cryptocurrency. They are harrassing individuals as well as the business corporations at their will. They are imposing fines in tune of billion dollars to break the financial backbone of the crypto industry. That needs to change!

However the last thing I would do is to believe a politician. Is expected to win the election. But until you see some actions, there's no reason to believe him.
The current US administration makes it very obvious for the bitcoin community that bitcoin is nothing but an unreliable and valueless currency in the long run, so it has no place in any financial institutions.

However, with Trump, there's always a promise for a new beginning and promotion, but we all know this could be another kind of a trap. No one should trust words coming from a politician, not until he's serious enough and meant every word that he says or speaks.

It's a complete contract, with the Biden administration as compare to Trump, who seems to be pro crypto now and put it on the spotlight again in this years Presidential election. So I guess the answer is why not? I mean if Trump can bring crypto closer to the biggest economy then they should be happy.

We have seen reports though that Russia is trying to circumvent the sanctions that has been put by the US on them because of the war. So it's two fold, in can help bolsters country if they uses it as a national reserved. Or what Russia is doing, embracing crypto with the intent on going around the sanctions on them.

Which one is the lesser evil?

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August 02, 2024, 09:56:24 AM
 #31

It's a complete contract, with the Biden administration as compare to Trump, who seems to be pro crypto now and put it on the spotlight again in this years Presidential election. So I guess the answer is why not? I mean if Trump can bring crypto closer to the biggest economy then they should be happy.

Biggest isn't always best.  National agendas get murky real quickly.  If large economies attempt to exert influence over Bitcoin, we're all suddenly along for the ride.  Whether the outcome of that is "good" or "bad" remains to be seen.  I'd personally rather Bitcoin remain as neutral as possible and remain somewhat separate to the realm of fiat.  In my mind, it's a healthy distance at present.  All this "mainstream adoption" people seem to be clamouring for could well have consequences depending on the form it takes.

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August 05, 2024, 08:29:21 AM
 #32

It's a complete contract, with the Biden administration as compare to Trump, who seems to be pro crypto now and put it on the spotlight again in this years Presidential election. So I guess the answer is why not? I mean if Trump can bring crypto closer to the biggest economy then they should be happy.


Biggest isn't always best.  National agendas get murky real quickly.  If large economies attempt to exert influence over Bitcoin, we're all suddenly along for the ride.  Whether the outcome of that is "good" or "bad" remains to be seen.  I'd personally rather Bitcoin remain as neutral as possible and remain somewhat separate to the realm of fiat.  In my mind, it's a healthy distance at present.  All this "mainstream adoption" people seem to be clamouring for could well have consequences depending on the form it takes.


But how does any government entity cause Bitcoin to not be neutral? It still will be an open, permissionless system that's decentralized, no? Plus if yor fears become true, and Bitcoin does become compromised and becomes "not neutral", then Bitcoin is not robust enough and therefore has no reason to exist.

Plus to be truly separate from the "realm of fiat", Bitcoin should have developed a parallel economy where everything is denominated in Bitcoin. The Dark Markets would have been that parallel economy if they were not scamming after a few months of operation.

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