Quote from: Smartvirus on Today at 09:41:03 PM

Trump is a business man and you could expect him to think that way on how to harness what he may, from Bitcoin.

He can make far more money promoting and giving advantages to his own coin than to Bitcoin. You would have to be a pretty stupid business man to promote your competitor's product instead of your own product.

Quote from: BlackHatCoiner on Today at 09:52:45 PM

Quote from: legiteum on November 11, 2024, 02:11:52 PM

Again, I'm rather dumfounded that people in the Bitcoin community would want this entanglement with the US government. It goes against everything that the "Bitcoin movement" ever stood for

I don't want the government to have any "strategic reserve plan", ideally, but we don't live in an ideal world, and decisions need to be taken. If the government would have to use my already confiscated property, then I'd rather it sitting in the hardest asset, than in one that gradually loses value. And for once more, that money sit idle. Read the act. It refers to surplus; extra funds that are held by the Federal Reserve, not taxpayer dollars allocated for social programs.

So you want the US to spend slightly less on health care for old people, people's retirement plans, and the military, and instead you the government to buy up more of an asset you happen to hold--and never sell it--in order to make you more money.

In other words, you are begging the US government for handouts, like every other special interest that wants free money from US taxpayers.

And you are fine with this since there are other special interests doing this, so you might as well be one of them.

This is all fine so far, but a few things:

1. What you are doing here is no different that people have been doing with the US government for the last 242 years.

2. As such, you're going to need to "get in line" so to speak since lots and lots and LOTS of people are in line with you, trying to get those handouts.

3. When you base your investment on what the government will do, be prepared to live and die at the whim of politics. Maybe you think Trump will give you money (even though he and his own family will profit much more if they make the US buy their own coin instead), but politics could shift faster than you can say "Ferdinand Marcos" in the USA, and everybody who Trump sent money to will be on a hit list for the new regime to claw back the money they will now see as stolen.

I know it's a corny old saying but... live by the sword, die by the sword....