Quote from: BlackHatCoiner on Today at 08:17:28 AM

Quote from: legiteum on November 08, 2024, 09:57:32 PM

Um, seriously? Have you ever actually heard Trump speak?

Trump is 78. At that age, I wouldn't expect him to even know what self-custody is. But, he apparently does, when he told everyone that he will defend the right to hold your own keys.

Self-custody? He routinely mixed up Joe Biden and Barack Obama in his speeches in the last few months. He told Elon Musk that his was afraid of "nuclear warming". Again, you really should actually listen to him speak--you will see what I mean: he is far worse off mentally than Biden ever was.

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And it's not just that. He said that he plans to have a Bitcoin strategic reserve with all the bitcoin that have been confiscated by the authorities (instead of auctioning them off). To me that translates as "I want my country to have the most bitcoins". Then, he said he wants to make all the bitcoin to be mined inside the US. That would mean he plans to cut the draconian regulations put into the mining industry, and reduce the energy costs by expanding other sources of energy, like nuclear power. Then, he said he wants to fire Gary Gesler (who has been a problem for the industry, if you haven't noticed already) and replace the SEC's anti-Bitcoin stance with a "Bitcoin and Crypto Presidential Advisory Council".

You really want the US to be able to control the price of Bitcoin? Seriously? That's what having a reserve means, you know. That is why the US has a strategic reserve of oil, for instance. Trying to use taxpayer dollars--especially that of the US, whom could buy basically all of it if they wanted to--as a way to make your Bitcoin go up in price is a foolish strategy that will undoubtedly achieve the opposite of what you want in the long run.

You really, really do not want the US or any government to "have the most Bitcoins". Getting in the bed with governments is dangerous. Getting in bed with a convicted criminal who has a long history of prioritizing only himself is simply crazy to me.

If you think the US taxpayers are going to hand your investment billions of dollars and not want anything in return, you are mistaken...