Posted on 07/28/2024 2:27:34 AM PDT by RandFan
@disclosetv
JUST IN - Trump, if President, pledges to form a Bitcoin Reserve, using 210,000 Bitcoin seized by the Department of Justice, as the core of a new “Strategic National Bitcoin Stockpile.”
(Excerpt) Read more at x.com ...
But it seems to be a huge industry. Trump was addressing their conference (see video) and was made welcome
Bitcoin IMO was released to bring the resistant masses along to digital currency, while being able to experiment with and perfect it in a large test environment.
As part of that it needs to be institutionalized and propped up to some degree as a store of value, which is what Wall Street has been doing. The more government is involved in it, however, the farther it moves from the fantasied freedom ideal that it was originally pitched with.
With bitcoin If / when the power goes out I don’t have any money, right?
Yeah, sort of like your stocks and bonds and your debit card.
Trump’s got it right - cover all the bases...
And if you believe that...
It’s use is not at all the issue. The fantasy that it was created by who claimed for the purposes claimed just completely misses what’s going on.
I’m sorry, but I’m sure I can’t help you at this point.
With sovereign currencies being destroyed by their own issuers, alternatives will be found. Bitcoin is one alternative, and could wind up as a reserve currency in the future. Its most attractive attribute is that’s its construct puts it beyond the reach of the Central Banks manipulation and corruption. The days of the US$ being the primary reserve currency for international trade are fading, killed off by the abuse of it as a weapon against the US’s perceived enemies.
Good. We should maintain a reserve of Gold and other precious metals, Bitcoin and some commodities like Grain and Oil.
That’s it EXACTLY. The beauty of bitcoin is no national government can stop it and no national government/central bank can manipulate it by issuing more. Nobody can control it. Its decentralized.
That is of course, why central bankers hate it.
Our government should stay out of bitcoin. It’s inherently speculative. And lefftist entities will seek to destroy our bitcoin reserve by crusading against it.
I should add....there isn’t even any door to send jackbooted thugs with badges to kick down, nobody to threaten or haul off to prison, nobody’s assets to seize, nobody to intimidate or corrupt. All the authoritarians and control freaks really really hate Bitcoin for the above reasons.
Interesting
Bitcoin is too easy to hack...Gold or Silver are safer bets. Wondering if Trump is a wolf in Sheep’s clothing and really driving Fed Coin...which would be very, very bad!
Too late as the Federals have Fed Coin set to become your new currency.
I don’t know much about bitcoin. I do like your thinking though. And, President Trump is a speculator, who has made a fortune. I am going to trust his business judgement. Meanwhile, bidet is asking if he can have some as a topping on his ice cream.
That’s it EXACTLY. The beauty of bitcoin is no national government can stop it and no national government/central bank can manipulate it by issuing more. Nobody can control it. Its decentralized.
************
A few problems:
1.Governments can indeed stop bitcoin by criminalizing or taxing its use.
2. And who ultimately controls the supply of bitcoin so that it will expand in proportion to the need for currency for transactions?
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