Trump: Not a fan of Bitcoin (which is not money)

[EBounding]

 

[dannno]

Not even Trump can stop this boulder from rolling down the mountain.

 

[devil21]

(putting aside that FRNs are not money, either)

"Unregulated"

So, Trump is saying that he wants regulation to stop the (always the excuse) drug dealers and whatnot. Bet he gets on board with a regulated Libra and other "official" ones though.

And the Trumpkins will cheer as they turn over the last little bit of privacy they had left. Cuz drug dealers. And Messicans. And drag the rest of us with them...

 

[Swordsmyth]

Not even Trump can stop this boulder from rolling down the mountain.

And crashing into a cliff wall and crumbling to dust.

 

[Anti Globalist]

No biggie. This is just Trumps way of telling us he actually likes bitcoin but can't come out and say it due to the many threats on his life that he gets on a daily and weekly basis.

 

[oyarde]

Not sure I am a " fan " either because it is not money which makes it as least as good as FRN's . I will sell mine when it hits 1 million . Until them I am still all in on land , weapons , ammo , lead , copper , nickel , aluminum , silver , gold , tools , parts etc

 

[Zippyjuan]

No biggie. This is just Trumps way of telling us he actually likes bitcoin but can't come out and say it due to the many threats on his life that he gets on a daily and weekly basis.

So he always says the opposite of what he really means?

 

[UWDude]

(putting aside that FRNs are not money, either)

"Unregulated"

So, Trump is saying that he wants regulation to stop the (always the excuse) drug dealers and whatnot. Bet he gets on board with a regulated Libra and other "official" ones though.

And the Trumpkins will cheer as they turn over the last little bit of privacy they had left. Cuz drug dealers. And Messicans. And drag the rest of us with them...

Nothing is going to drag you anywhere. You are in control of your life no matter what the political system.

Anyways, I like blockchain... ..but I still don't exactly see how it can be a currency.

 

[heavenlyboy34]

Nothing is going to drag you anywhere. You are in control of your life no matter what the political system.

Anyways, I like blockchain... ..but I still don't exactly see how it can be a currency.

It can be "currency" as easily as 1s and 0s can be "currency" (i.e. FRN demand deposits and such). It just can't be "money". "Money" has durability, divisibility, portability, acceptability, limited supply and uniformity.

 

[UWDude]

It can be "currency" as easily as 1s and 0s can be "currency" (i.e. FRN demand deposits and such). It just can't be "money". "Money" has durability, divisibility, portability, acceptability, limited supply and uniformity.

Except anybody can create their own blockchain, with their own rules.
So assigning value to it because it is a "perfect ledger" doesn't really mean anything.
It is as much a currency as sea shells or summer camp beads, is my current feeling on it.

 

[Zippyjuan]

More of Trump's tweets on the subject:

 

[TheCount]

"Unregulated"

So, Trump is saying that he wants regulation to stop the (always the excuse) drug dealers and whatnot. Bet he gets on board with a regulated Libra and other "official" ones though.

Correct.

(putting aside that FRNs are not money, either)

Not according to the Savior of Liberty himself, God Emperor Trump.


One of the forum commissars will provide us with the 4D chess talking points shortly.

 

[chudrockz]

Interesting that Mr. Orange chooses this time to spout off about crypto. I finally just started getting into it. Of course, as in most matters, he's dead wrong.

 

[r3volution 3.0]

Maybe Trump's thought deeply about monetary economics: a well worn copy of The Theory of Money and Credit adorning his nightstand.

Or...

Cuz drug dealers. And Messicans.

...

So he always says the opposite of what he really means?

Only when you disagree with what he said; otherwise, he's a straight shooter.

 

[dannno]

And crashing into a cliff wall and crumbling to dust.

More like it will crash into a cliff wall and explode into freedom confetti and destroy the banker cabal..

Life isn't going back to like it was in the 1800s. Gold and silver are not optimal for the type of transactions that occur on a global scale. Gold and silver are optimal for longterm wealth storage.. but even then, crypto has some advantages (as well as disadvantages).

 

[dannno]

Interesting that Mr. Orange chooses this time to spout off about crypto. I finally just started getting into it. Of course, as in most matters, he's dead wrong.

Trump is right about most of the stuff he talks about that comes from his heart, for example how our foreign policy has been a total disaster, we never should have started all these aggressive wars, we continue to have unfair trade deals that were established back after WWII, etc..

Trump is almost always wrong when he is repeating whatever his advisers just told him that morning. Fortunately those opinions don't tend to stick with him for very long, or at all.

 

[dannno]

Interesting that Mr. Orange chooses this time to spout off about crypto. I finally just started getting into it. Of course, as in most matters, he's dead wrong.

How did you JUST start getting into crypto, were you not posting here for that long?? I have an email from 2011 I sent myself telling me to go buy bitcoin at mtgox from one of the several hundred threads we have had on bitcoin in the last 10 years. Admittedly, I tried and it ended up being a tedious and prolonged process to signup for all the different processing companies to get your money into bitcoin back then and I fuckin dropped the ball at one of the final steps.. but I picked up some eventually, and ended up with an ok chunk.

 

[dannno]

Except anybody can create their own blockchain, with their own rules.
So assigning value to it because it is a "perfect ledger" doesn't really mean anything.
It is as much a currency as sea shells or summer camp beads, is my current feeling on it.

Anybody can create their own blockchain, in fact everybody could create one. I don't see your point. You have to convince people with bitcoin, or with dollars, to trade those bitcoin or dollars for the currency you created for it to have value. You have to convince them it potentially has more value than the bitcoin as well as all the other competing cryptos. It doesn't just magically have value because you copied a blockchain, nor does it magically detract from bitcoin's value.

 

[devil21]

Maybe Trump's thought deeply about monetary economics: a well worn copy of The Theory of Money and Credit adorning his nightstand.

Or...

Only when you disagree with what he said; otherwise, he's a straight shooter.

I read an interesting anecdote from the man who ghost-wrote The Art of the Deal. He basically said that he never saw any books around in all of the time he worked with Trump on TAOTD and he didn't think Trump had ever actually even read a book before. I'm sure a quick google search would find the comments.

 

[r3volution 3.0]

I read an interesting anecdote from the man who ghost-wrote The Art of the Deal. He basically said that he never saw any books around in all of the time he worked with Trump on TAOTD and he didn't think Trump had ever actually even read a book before. I'm sure a quick google search would find the comments.

https://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all

But Schwartz believes that Trump’s short attention span has left him with “a stunning level of superficial knowledge and plain ignorance.” He said, “That’s why he so prefers TV as his first news source—information comes in easily digestible sound bites.” He added, “I seriously doubt that Trump has ever read a book straight through in his adult life.” During the eighteen months that he observed Trump, Schwartz said, he never saw a book on Trump’s desk, or elsewhere in his office, or in his apartment.