If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 10/02/2024 10:10:35 PM PDT by E. Pluribus Unum
Donald Trump’s views of the cryptocurrency industry have shifted markedly in recognition of the emergence of that sector as a major player in the world of campaign finance.
In 2021, Trump was an outspoken critic of digital currencies, telling Newsmax, “I’m not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”
That same year, Trump told Fox Business that crypto was a “disaster waiting to happen” and that the United States should “regulate very, very high.”
This year, he has done an about-face. At a June 27 Bitcoin conference in Nashville, Trump told attendees that if he is elected again to the presidency, he would make the United States “the crypto capital of the planet.” He also promised to fire government regulators who have been critical of the industry.
The 2024 Republican platform, carefully worded by Trump operatives, declares:
Republicans will end Democrats’ unlawful and un-American crypto crackdown and oppose the creation of a central bank digital currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from government Surveillance and control.
Crypto companies — and the venture capitalists heavily invested in them — have returned the favor, not only throwing their support to Trump but also helping him and the Republican Party to crack open a Democratic bastion, the high-tech industry.
(Excerpt) Read more at nytimes.com ...
One of the great surprises from political surveys this year has been the discovery that fully 20% of Independents on or have owned crypto.
The Democrats have taken a strong anti-crypto posture, calling it a tool for money laundering. This was done and locked in prior to the surveys. The Trump team did a really good job on this. It’s very rare that you find the maneuver that cannot be responded to by the opposition.
It is definitely a mechanism for financial privacy, and if one wants to imagine that to be laundering when can. A better answer than banning the entire concept would be to tell law enforcement to address the problem.
This was a helpful article, as was your post for those of us still learning about crypto. Looking under Topics, I’m not sure why this would be described as “Humor”?
Because the dollar is getting more unsound by the month. It would help our national survival if we became the home of crypto.
There is a lot of crime in crypto, but the SEC has done nothing about it, instead using that as an excuse and cover to attack legit crypto companies. It's like having a wave of carjackings hit the US, and the response of the authorities is to start raiding automakers' offices and shutting down car plants.
bkmk
Dollar is certainly losing value. But real-estate, stocks, bonds, gold, are all doing great. So why worry?
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
—> There is a lot of crime in crypto
Maybe, but relative to what?
The US Dollar may hold that record.
Why?
To say Bitcoin is based on thin air while waving around the US dollar is just funny
At least Bitcoin is limited in supply and the price is market driven
The dollar? At this point it’s literally magic scribbles on paper with an infinite supply being printed
I read that President Trump’s children convinced him to support Crypto Currency.
Yes, we need better than the Federal Reserve and the Ponzi Scheme Dollar.
There needs to be a mechanism to expand the money supply with restraint. Neither the US dollar or Crypto accomplish that control.
The global banks are all bankrupt. So they are trying to steal all assets in the world.
“Youze will Own Nothing, and Zee will be happy. Eating bugs?”
Not only NO, But H... NO!
Youze Come and Take Zem!
The problem is crypto has proven very volatile when it should theoretically be a hedge against govt controlled currencies. The crypto crash of a couple of years ago while inflation was skyrocketing really shook my confidence in it. I’d like to see it ultimately replace govt backed currencies, but it’s going to be a while if it ever succeeds in that regard.
I own some Bitcoin because I want something that cannot be inflated to oblivion by government and can’t be stolen by them if you put it in a paper wallet, not an exchange like Coinbase.
Trump should be more specific in his backing of “cyrpto”.
Crypto is a dirty word.
Bitcoin is a nice word.
Solano and Etherum are good words.
The rest of crypto is something you have to keep your pulse on it 24/7. I don’t like anything that I have to worry about.
There are 6-8,000 junk coins out there.
There are probably three (3) that potentially will stay the course of time. I buy only BTC and SOL and purchase a couple thousand a month, somethimes more.
Bitcoin BTC
Solano SOL
Etherum ETH
Beyond those three, there are a half dozen more who have a limited shortlife that if you flip or trade you can make money. These are companies that are working on Layer 1 or Layer 2 applications, and they represent themselves in the market (think stocks) with a Crypto Currency. Many of these start ups stake their claim to value by creating blockchain applications that will make their crypto-currency/coins (These companies could have just as easily issued stock but it’s the wild west in cyrpto regulation) go up in value as they gain in useage mainly for transactions at this point.
You can’t go wrong with either of these two guys and their company - both companies hold BTC:
Michael Saylor and MicroStrategy - MSTR
Elon Musk and Telsa
https://www.youtube.com/@investanswersclips/videos
September 2024 was the USG target date for discussions on approval for Bitcoin ETFs. In January 2024 they were approved. The eleven companies initially approved for ETFs were the same eleven investment firms that partnered with the US Dept of State in the rush to acquire everything of value in Ukraine. In late December 2023, Russia dropped the first FABs which immediately broke the stalemated lines and allowed Russia to destroy Ukrainian defensive positons. Those eleven companies who were “given” or approved to be ETFs for BTC are acquiring a huge number of bitcoin on a daily basis. Blackrock alone by September 2024 reported that fully 24-27% of this year’s profits were from BTC alone. These USG partners were given those ETFs to shore up their investment profolios, which are increasingly reverting to Russian management. The USG took care of these companies , and Blackrock had 350/400B investments in Ukraine which are mostly lost. In 2024 when “the blackrocks” report their gains/losses to their investors, they will have re-balanced their balance sheets with BTC.
You can count the number of BTC purchased by the ETFs, and look at their parent companies investments reported in Ukraine, and divide the numbers held into the amount of investment lost in Ukraine for a POSSIBLE end of year BTC valuation in the markets - some are saying it could go to 130k this reporting tax year, and probably be a cash cow well into the future for these companies. There is a reason BTC ETFs were approved in Jan 24 vice Sep 24 and it was to allow the losses to be mitigated and covered while BTC prices are very, very, very, low.
Government has already taken firm control of the on- and off-ramps for American citizens. You would have to buy offshore and keep it in a hardware wallet to have any hope of anonymity, which limits its utility. The Fed isn’t going to allow Bitcoin to get in the way of its CBDC, but in other parts of the world it can be a valuable tool.
That may be true, but Trump promised to get in the way of the Fed's CBDC.
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