That's the part that rings false to me as well. So much anti bitcoin and generalised anti-cryptocurrency stuff from Trump over the last couple of days... but he is starting a crypto thing in secret?
Incidentally, decentralised social media has been done and is solved as a problem - enter the fediverse. Which is a pretty sound initial iteration of a technology piece, for which there will undoubtedly be successive generations as flaws are addressed, just as is the case with any new comms or software paradigm.
The tech itself isn't inherently scammy, blockchain is essentially a public ledger that is unchangeable. But I'm of the opinion almost all projects using it are scams.
Yesterday Trump said bitcoin is a scam. Yet we think hes going to announce a partnership with a crypto? Come on guys
Maybe he really means just bitcoin, and not blockchain in general?
I guess possible but to 95%+ of people they are synonymous. My bet is he doesn't mean just bitcoin.
He has a history of supporting blockchain actually. He has appointed very pro crypto people to high up positions. Trump Jr. has also made statements.
Old article but this was back in 2017. He also mandated blockchain research for military.
https://www.coindesk.com/trump-white-house-doubles-us-commitment-blockchain
And who can forget the infamous blockchain dress worn by Melania on election day. https://dailypatriotpost.com/wp-content/uploads/2020/11/melania-blockchain-1200x630-1024x538.png
That's the part that rings false to me as well. So much anti bitcoin and generalised anti-cryptocurrency stuff from Trump over the last couple of days... but he is starting a crypto thing in secret?
Incidentally, decentralised social media has been done and is solved as a problem - enter the fediverse. Which is a pretty sound initial iteration of a technology piece, for which there will undoubtedly be successive generations as flaws are addressed, just as is the case with any new comms or software paradigm.
Is all block chain a scam. Bitcoin I think is depnstate.
The tech itself isn't inherently scammy, blockchain is essentially a public ledger that is unchangeable. But I'm of the opinion almost all projects using it are scams.
Bitcoin isn't all crypto. Just sayin