LIVE: President Trump Delivers Remarks at Bitcoin Conference in Nashville
(rumble.com)
₿ DECENTRALIZE THE FROG 🐸
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No problem! Thanks for asking good questions.
I can't see the future obviously, so it's anyone's guess what will happen, but if you think about those other industries you mentioned, how would they work if they weren't based on a currency that can just arbitrarily print more units whenever needed?
What if the government did not have monopolistic control over the money supply? What if they had to provide a real service and earn their money like the rest of us?
Most people earn their money by trading their time and energy at a day job. Your time is finite and scarce, but the currency you earn is infinite. What if you ignored the USD valuation of bitcoin and focused on earning directly in a currency that you know will appreciate relative to USD? What if you had access to cheap energy to run mining rigs at home, and they earned enough to totally offset your energy bill and then some? Could you quit your job and dedicate more time to doing what you love? Spend more time with your family? Improve your quality of life? Start a business?
u/#classywow
Thought provoking.
Exactly. As silly as it sounds. We should be able to buy/sell with anything we want. In a truly free country, if I want to accept cupcakes as payment for the widgets I make and sell to my customers then I should be able to! If my employees want me to pay them with cupcakes then I should be able to. The government doesn't need to approve "cupcakes" a legal tender. It's not a central bank or the government's business to set a value for the cupcakes I transact with. Nor is it their business to process, or track for the IRS to get a piece of either.
I believe Trump just wants to preserve our right to participate in Bitcoin and even a gold/silver backed currency along with existing methods and let the consumers drive the demand. As the US dollar crashes (as we see happening), these other alternatives need to already be in place so people can shift to whatever works for their situation at a time that works best for them. We have to prevent the sudden panic the Central Bankers need so they can push the CBDC on us. When the dollar as we know it is gone, Bitcoin doesn't have to be everyone's personal or business choice. We will have options. And we need to preserve that freedom of choice.