cryptocurrencies

Sarkus said:
Here's a new one on me...
Just been browsing the felon Donald Trump's Truth Social account, and he posted this (I won't link, but this is a copy...)

"VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!" - felon Donald Trump - Truth Social

CBDC - Central Bank Digital Currency

Now, it seems Biden is generally against Bitcoin (although his administration's stance has seemingly softened recently), so typically Trump jumps on the chance to take the opposite position so as to appeal to Bitcoin owners/users etc. That's not so much the issue. It's the part I've bolded above that has me scratching my head... how exactly would all the mining being done in the US help the US to be "ENERGY DOMINANT"???
Is there anyone out there who can help me understand? What am I missing? Or is it simply that the felon has zero comprehension of what Bitcoin is, what a CBDC is, what mining is, and how it might impact US energy?
:)
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As far as I know, it's the latter. He doesn't have a clue. I don't know if you saw the video clip from his rally the other day when the teleprompter quit working.

It was "weird". He was talking about an electric boat, sinking and being electrocuted and about sharks being in the water.

A commentator pointed out that he can focus for hours when he is talking about himself but when anything else comes up he has the attention span of a fruit fly.
 
Sarkus said:
Here's a new one on me...
Just been browsing the felon Donald Trump's Truth Social account, and he posted this (I won't link, but this is a copy...)

"VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!" - felon Donald Trump - Truth Social

CBDC - Central Bank Digital Currency

Now, it seems Biden is generally against Bitcoin (although his administration's stance has seemingly softened recently), so typically Trump jumps on the chance to take the opposite position so as to appeal to Bitcoin owners/users etc. That's not so much the issue. It's the part I've bolded above that has me scratching my head... how exactly would all the mining being done in the US help the US to be "ENERGY DOMINANT"???
Is there anyone out there who can help me understand? What am I missing? Or is it simply that the felon has zero comprehension of what Bitcoin is, what a CBDC is, what mining is, and how it might impact US energy?
:)
Click to expand...
He’s a loony. I was reading yesterday about his random meanderings about electric boats and sharks, in a recent rally. Seems he has a thing about sharks. Stormy Daniels found him preoccupied with a shark movie on one of their assignations. Probably watched the “Sharknado” movies and took them seriously.
 
Seattle said:
As far as I know, it's the latter. He doesn't have a clue. I don't know if you saw the video clip from his rally the other day when the teleprompter quit working.

It was "weird". He was talking about an electric boat, sinking and being electrocuted and about sharks being in the water.

A commentator pointed out that he can focus for hours when he is talking about himself but when anything else comes up he has the attention span of a fruit fly.
Click to expand...
SNAP! :biggrin:
 
Seattle said:
"This makes bitcoin the world’s seventh-largest asset behind gold and five U.S. tech giants, including Nvidia, Apple, Microsoft, Amazon and Google."
https://www.foxbusiness.com/money/p...uces-bill-implement-strategic-bitcoin-reserve

Things are getting interesting...
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Not really.
He's set himself (or members of his family) to benefit from crypto, so, being the corrupt and unethical person he is, people are betting on him doing well for crypto. Par for the course in US politics these days, at least as far as the unethical, orange felon is concerned.
 
Sarkus said:
Not really.
He's set himself (or members of his family) to benefit from crypto, so, being the corrupt and unethical person he is, people are betting on him doing well for crypto. Par for the course in US politics these days, at least as far as the unethical, orange felon is concerned.
Click to expand...
"Not really" what? Not interesting? The bill introducing the reserve isn't coming from Trump and the concept is being brought up in Pennsylvania for a state reserve and other countries.

I find it interesting. I don't think Trump has any real knowledge of "crypto" and I'm not more interested in his Trump crypto coin than I am in his t-shirts and coffee mugs. That's not the point however.

That seems to be the commonality on here lately, posts that have nothing to do with the point being brought up but that just serve to push whatever narrative the poster wants to push.
 
Firstly, I was responding to what you quoted from the article, which is in reference to the fact that BTC surged 20% to it's current value. That in itself is not interesting, for reason given.

As for the wider article, the Bill is not coming from Trump directly, but is still not all that interesting. It's about allowing up to 10% of their reserve to be held as BTC. So what. Musk had Tesla buy double that. Maybe if other states follow suit it will get interesting.

Further, I never mentioned anything about Trump's own crypto coin. But the crypto market has made it clear that they think he will be good for crypto, and I have no doubt Trump will look to personally gain from it.

And if you have issue with people not responding to the point you think you're making, maybe look at the point you have actually made, and the way you have made it. Quoting from an article about how big BTC now is is not the best way to raise an issue about BTC being included in a strategic reserve. Normally the quote from the article you choose to go with should reference the issue you want people to look at.
Just saying.
 
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Perhaps someone will find Bitcoin interesting in here one day. Now, anything I post just seems to be a chance to make a negative comment. I'm pretty sure that someone in here has an interest in some subject but so far that hasn't proven to be the case unless one has a "theory of dark".

Stocks, Bitcoin, investing, economics, debt...anyone find those subjects interesting? Is Trump the only subject?

Or is it more interesting to be on topic, literal or to just complain in general? Does everyone disagree with everything, in general, in here?

By the way Tesla holds about 11,000 Bitcoins. The US Reserve proposal is for 1 million Bitcoin over 5 years.
 
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Bitcoin is a Big CON,,it has no real value like all fiat currency do,which are backed by GDP of each country.
It was invented to bypass $,,for obvious reasons I Let you figure out which
Btw
Tramp was elected bc majority got fed up w Demoncrats wars,lies,censorship and pushing kveer agenda pedos pervs.
 
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