Posted on 12/20/2021 12:09:58 PM PST by ChicagoConservative27
During an interview that aired Monday on Fox Business Network’s “Mornings with Maria,” former President Donald Trump issued a warning about the rise in cryptocurrency.
Trump’s wife, former first lady Melania Trump, recently launched a platform for Non Fungible Tokens. The proceeds will go towards efforts to support children in the foster care system.
(Excerpt) Read more at breitbart.com ...
First advocating for the shot, now crapping on crypto. I suppose a running clock could be wrong twice a day?
I dont’ know anyone over 75 who is cool with crypto... also why we need younger blood in politics.
To me, that’s what makes it “dangerous”. Also, today they accept bitcoin and tomorrow they don’t. I’d you transfer bitcoin to buy a house that doesn’t seem anonymous to me as ownership will have to be regulated so then what is the real purpose if anonymity is not it? Can’t put a freeze on Crypto currency...or is it actually easier?
Crypto is merely money that government can not f*** with.
The US Dollar used to be that way.
Correct. My observation has been that the more the FedGov devalues the fiat U.S. dollar, the more the interest in crypto seems to have grown.
Same here several people have tried to explain it to me and it still makes no sense.
Cryptocurrency looks very much like a very sophisticated Ponzi scheme, that has not yet played out to its end point.
It relies on the “bigger fool” chain - the person who buys in has to sell it to a bigger fool who has been looking at the rapid appreciation, and in turn buys the units of cryptocurrency at ever escalating prices.
Until they no longer continue to appreciate, and the bottom drops out into a yawning chasm.
There are no guarantees in this world, but there are a lot of certainties.
I agree with Trump though I have just a skosh of Ethereum.
“Crypto is merely money that government can not f*** with”
Oh really? In seconds they can outlaw it.
He’s batting a thousand today.
Nobody thinks that Bitcoin or other crypto currencies will ever replace the dollar.
All the hobbyist coins are eventually going to zero or close to it.
That in no way affects two people who wish to transact in it.
Crypto is surprisingly popular in places like Venezuela, exactly because government hates it.
I’ll take silver eagles and maple leafs thank you.
Crypto could be good if done right, a gov backed crypto would be worse than the fiat dollar. FEDCOIN = money the gov can switch off if u is a bad boy.
I have a friend in CA that runs a bunch of ASIC crypto mining boxes.
He’s almost talked me into getting a few and trying it out.
They are very noisy though....
investanswers on Youtube. Very educational. Will need to watch a few to get into the swing of things.
Your concern is why I choose gold over crypto currencies. Gold has hated by Central Bankers but they continue to devalue currencies with their money printing. Crypto will be controlled like anything else and they are already doing it via the tax code.
WHAT? Such BS. https://home.treasury.gov/news/press-releases/sm447.
Scroll to bottom for Mnuchins report.
This from 2018. I am sure he supports the Fed and MIT’s stable coin.
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