He's made my day!
I’m not a fan either, never have been. I would rather hold something tangible in my hands than some password to fake wealth.
Agree 100%. Let’s restore the US dollar is the worlds currency, bitcoin is a scam that needs to be shut down, I never understood how it was ever legal to begin with, just a blatant attempt to launder money and avoid taxes.
That ought to drive the market bonkers............
He’s old fashioned. Nothing wrong with being uninformed about new technologies.
Trump helped create the speculative mania in items like bitcoin with his insistence that the Fed pump fiat via debt instruments. Is this 3D chess on his part?
The USA and our massive, progressive, social-engineering Fed.gov have been continuously destroying the US Dollar through massive debt creation, money printing and social engineering schemes
Do you and Trump not expect people to respond to the theft of their hard-earned wealth?
I’d rather hear Trump discuss how he is going to force government back to a <10% share of American GDP
Bitcoin exists only in electronic impulses. When the owner of the website and the software decides to cash it all in, and dismantle the website, you are left holding your keyboard.
There will be no trace of Bitcoin. No use going to Google’s cache. No owner to track down and sue. Your “money” will have vanished, and there is no insurance. No monthly statements in the mail. No 1099s to the IRS. Gone.
Unfortunately so is the US dollar.
It's too speculative for me. But for gamblers it should be fun.
I’m considered it a scam for the past 7 or 8 years.
Ping
Historically, there was the US Dollar backed by gold and silver.
Then came the Fed Dollar with all manner of games, inflation, and global shenanigans.
I prefer the US Dollar.
Bitcoin is based on a digitally signed ledger. It's not a place to "hide" monetary transactions. The digitally signed ledger entries provide secure, non-repudiation of entries. It's a "forever" ledger. Eventually, a good "tool" will be developed that allows a taxing agency like the IRS to access the ledger an determine what you "owe" them.
Back the USD with a real commodity. Remove it’s fiat status. Then eliminate all of the laws and regulations that violate our privacy. There are other ways to fight drug cartels and terrorist than micromanaging and tracking law abiding US citizens financial transactions. Revise the tax code, repeal the constitutional amendment allowing the income tax, and get rid of tax returns. No reason for government to know about your finances then. Tariff the hell out of the Chinese and their allies. Do these things and we will have a real dollar again.
Any kind of money used to store value is a convenient fiction. Bitcoin is no different from paper dollars. Gold or platinum are different in that they are expensive to replicate.
e-Tulips - The the Dutch ruled commerce and the (trading) sea.
Crypto currency is as valuable as the wishful thinking GPU farmers decide but it has no practical purpose or aesthetic qualities. Multi-Level marketing of restroom quality clouds of vaporous gases. I’ll take tulip bulbs for 1000.
I don’t understand bit coin, and based just on surface knowledge of it, IMO: putting your money in the realm of the tech tyrants does not seem like good idea.
Headlines should not leave out words from the actual quotation. “Seems like” is just left out.
Well, as far as I can see it’s like fiat money. I must admit though that I have a certain amount of respect for certain fiat monies.
PDJT is correct about Bitcoin.
People are going to be seriously, seriously hurt by it someday, likely pretty soon, imho.
PDJT is correct, or at least I agree that I want the USD to be the world’s leading currency, too.
But alas, it is now, like Bitcoin, a great big scam.