Quote from: The Sceptical Chymist on August 13, 2024, 01:24:43 PM

Quote from: Lucius on August 13, 2024, 09:30:59 AM

Unfortunately, what has been discussed for years has been confirmed, namely that few care what will happen to Bitcoin as a technology, but what will happen to Bitcoin only when it comes to price.

All right, you lost me a little there. I hate politics and thus haven't been reading all the stuff that relates politics to bitcoin, but how would an election or even a new administration affect bitcoin's technology? Am I understanding you correctly? Because the way I see it, bitcoin=money (and a form of investment), and people absolutely should be caring about its price or any factors that might affect its price if they're invested in it. A higher price vs. [pick your fiat currency] means greater purchasing power one way or another.

And, I might add, if any cryptocurrency is going to have mainstream adoption, people should not have to worry about what's under the hood except to the extent necessary, because most people suck at math and have eyes that would glaze over if confronted with a discussion of "the technology". Nevertheless, they ought to be able to use bitcoin if they want to. Hell, I didn't understand exactly what bitcoin was when I first started using faucets back in the day; I just had my curiosity piqued and thankfully one doesn't need a deep grasp of cryptography, mathematics, or blockchain tech in order to send and receive bitcoin.

What I wanted to say is that all this madness about who will be the new president of the US in the context of Bitcoin is just an indication that most people see Bitcoin as something they want to profit from, while not showing the slightest interest in Bitcoin as a currency, and in fact, it doesn't matter what consequences such a (possible) influence of politics will have on the fate of BTC.

Maybe from your perspective as someone who lives in the US, it all doesn't look so bad, but when politics gets its fingers involved in something it shouldn't, then it can't be good for us ordinary people.

Yesterday I read that a mining pool in the US now tags its BTC as "Made in USA", and I wonder if this is just the beginning of something that will go to even greater extremes. Apparently, the policy promoted by Donald Do Not Trust is already bearing the first fruits.

Quote from: https://cryptonews.com/news/marathon-digital-tags-made-in-usa-to-every-bitcoin-block-mined-in-america.htm

Crypto mining firm Marathon Digital announced that it would label “Made in USA” to all Bitcoin blocks mined by the company in America. “MARA is Team USA, proudly declared in each American-made bitcoin block we mine,” it wrote on X.