LIVE: President Trump Delivers Remarks at Bitcoin Conference in Nashville
(rumble.com)
₿ DECENTRALIZE THE FROG 🐸
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (68)
sorted by:
Those who said Trump was against it never read or didn't understand Trump's "Art of the Deal". Or Sun Tzu's "Art of War"
Those who said Bitcoin is a scam are in the place I was about 5 years ago. My deep research journey to prove my sons wrong, ended up making me a bigger fan of it than them. I spent a solid year researching Cryptocurrency and Blockchain technology while caring for my terminal mother during the covid lockdowns. Many quiet hours at her house bedside while she slept, I occupied my down time with it. I learned that most objections I had were misunderstandings on my part and not seeing the bigger picture. While it's not perfect, it eliminates so many problems we have today. I only wish I had realized it sooner.
Sorry about your Mom...💔🙏🤍
Thank you. She was a true patriot her whole life and Q follower with me since 2018! I so miss our discussions. ❤️🇺🇸
How about the issue of 90% of bitcoin being held by hedge funds? Wouldn't that skew meaningful adoption of it as a currency?
90%? Source on that? Pretty sure you just made it up.
Yes, I just made it up.
Bitcoin being bitcoin, identifying who owns what is ... quite a puzzlement. You could probably assume that the top 1% of today's society owns the same percentage of bitcoin as the percentage they own of the rest of the economy.
Regardless of the precise unknowable number, the point is that an entrenched elite under the old system leveraged their corruption over time to become incredibly wealthy, and even their small hedge of bitcoin is likely to be magnitudes larger than the general public. Therefore, if we restart the economy with bitcoin, we'd be restarting with a deck stacked against the American worker, and stacked in favor of the owners of the legacy cabal system.
To me, that's a good enough reason to presume bitcoin won't become the standard, despite the numerous benefits of blockchain.
I think your assumption is exactly wrong. Remember that Bitcoin, when it first started back in 2009, was worth nothing. There were websites hosting “faucets” that would give you free bitcoins. And then after a few years it was worth a few pennies and started to gain traction as a currency for drug-selling websites like the Silk Road.
It’s more likely the holders of most Bitcoin were computer geeks, cryptography nerds, libertarians and druggies who used Silk Road.
According to other panels at this very same conference that trump talked at, the institutions are still researching and dithering over whether to buy Bitcoin. The elites you speak of are very slow moving so bitcoin’s 15 year existence is a mere eye blink to them.
Bitcoin is your chance to get in before all the bankers, VCs, hedge funds, etc. it’s the exact opposite of a typical investment opportunity that is only afforded to Accredited investors.
I wouldn’t be surprised if blockchain is NSA tech leaked by white hats as part of the Q operation. Unfortunately many of you are just believing low effort FUD rather than doing your own research. Look deeper.
Owned.
There is nothing wrong with Cryptocurrency and blockchain. Most people who are against BtC aren't against those technologies, indeed, most are for those technologies. I personally think they are the future for sure. What I am against is Bitcoin for about a thousand reasons, none of which are that it is a cryptocurrency or that it uses blockchain tech.
It perpetuates some of the worst problems we have. There are other uses of blockchain that solve them. BtC is not the path.
I am open to researching more on why BTC would perpetuate the worst problems we have. Definitely interested in that perspective. Can you direct me? Thanks!
That is based on my own years of research into what those problems are, how our monetary systems have been created, who created them, and how they were used to fuck with the economy and control the populace. Here are a couple of problems that BTC does not solve:
This is the biggest offender in the history of currency fuckery. All currency without value was created by people who used it to grab power and enslave the people they forced to use it. No one uses a non-valued currency unless they feel they have no other choice. The only reason people today would even consider using BTC is because we have been trained for so long to believe that this is a viable solution that we have completely forgotten what it is like to use a currency with intrinsic value. The moment that there exists any currency with intrinsic value, any currency without it will be thrown away like the useless trash that it is.
Let's look at an example. Would you trade something that you have that you consider valuable, say a car for example, for something with intrinsic value, that you know other people will want, or something without value, that some people may want, but most would prefer the other stuff that has actual value?
I suggest that once the option is available, NO ONE will use a non-valued currency when a valued currency is available. BTC has exactly zero intrinsic value.
The second worst offender in history regarding currency fuckery is fractional reserve lending, which BTC does not solve, but isn't explicitly a problem with BTC either. It is however potentially a BTC problem that BTC doesn't address directly. I don't blame BTC for this. This is more of a general problem with the populace not understanding how big of an issue fractional reserve lending is.
The third worst offender of currency fuckery through time is hording. BTC is almost certainly already horded up the ying yang. It is likely that more than 90% of all BTC is owned by a single effective entity (hint: there is only a single corporation in the world). Relying on a single currency ensures that anyone who can horde it, will horde it, and in so doing can manipulate the entire economy and indeed, enslave the people, manipulate the government, etc.
1&3 are two of the biggest problems with currency in history, and BTC does not solve them. If it doesn't solve two out of three of the biggest problems with currency in history, and is still potentially subject to the second biggest problem, how then is it a "solution* to our currency issues?
If Bitcoin is going to replace everything and be our only currency/store of value, then I agree with everything.
But....What if Bitcoin isn't intended to become the ONLY currency or intended only as a place to store / transact large amounts? Why do we need one currency? It doesn't have to be all or nothing. That's just something we were deliberately conditioned to believe.
Bitcoin can exist along with other crypto currencies and a gold backed currency (on a Blockchain) or even the current US dollar for those who want to still use it. Let the people and private business decide what they want to transact/trade/borrow or be paid incomes with. (free market)
We need to get to the point where central bankers and the government aren't deciding what the value of our currency is worth and limiting alternative forms of transacting. As I said in another post, if a business owner wants to accept cupcakes as payment for their product/service. Then they should be able to in a free country. Central Bankers shouldn't need to make cupcakes a legal tender and decide how much a cupcake is worth and track it so they can tax it.
The people need to preserve their freedom to make their own choices and decide what has the most intrinsic value for them. We are more than an economy.
This is just my simple late night two cents. I don't have the answers, but I can see your concerns being an issue if we end up in a bitcoin only world. Much of that could happen in a gold only world too. Decentralization and freedom of currency choice is the only answer to me.