Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
You live and die by what governments do now.
Yes.. governmental decisions have effects on the lives of people in a variety of ways.Instead of making some kind of blanket statement regarding what people think governments can do or cannot do, or proclaiming that there is some kind of a spokesperson for bitcoin, maybe you should attempt to be more specific.
You are probably right, technically speaking. But I assumed my statement about many (most?) people's sentiments about Bitcoin being a hedge against government control was not a controversial one. I don't think I would need to look at too many posts here, or Bitcoin ads from brokers, or stories in the media, or just average investors to see this sentiment repeated. I would go so far to say that "anti-government" is the biggest component of Bitcoin's brand.
But you are right, I didn't get specific. Too lazy I guess. The point is withdrawn.
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I doubt that it is even accurate to say that the "broader" community has gotten in bed with the USA govt, even though sure there are some folks who consider potentials for less hostility towards bitcoin (and crypto) to be a good thing, yet I still find it difficult to proclaim that bitcoiners are going to be overly excited about Trump and some of his folks seeming to be involved in pumping shitcoins...so who knows what they are going to do.
Uh, if these forums are any indication of the broader sentiment--and the money that flowed into Trump from the crypto universe would support that--it would appear that "BITCOIN=TRUMP" now to any average American.
I agree you cannot and should not trust Trump--and I very specifically warned people about this before the election--but human beings tend to be... short-sighted and greedy. All anybody seemed to care about is Trump pumping the price of Bitcoin past $100k. Nothing else mattered.
Now Trump could turn off Bitcoin's price like a light switch because so much is riding on his personal whims. And Trump's extremely well-documented history is to be 100% self-dealing: in other words, he only does things that benefits himself personally. This is unlike any other US president in history: other presidents have done some self-dealing things here and there (although very little by world standards), but Trump is the first one to completely prioritize his own personal finance over absolutely everything.
But "the Trump pump is real!!!" they said, and nothing else mattered
.Frankly, if I were holding a lot of Bitcoin right now, I'd dump the whole lot. It might still go up some, but the downside danger here is pretty extreme. Trump changing his mind could send the price down 90% or more.
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Are you trying to tell me that there's some kind of remote chance that Bitcoin might... not pay off as an investment? How... UNmaxi of you .
.I never specifically said that, and I was not trying to tell you that. I have frequently asserted that bitcoin's upside performance is not guaranteed, so everyone (including yours truly) should be engaged in practices in which they understand that bitcoin is not guaranteed.. and yeah, odds of bitcoin going to zero are quite low. .yet odds of bitcoin crashing 70% to 80% or even more in a short period of time are far from zero, so any of us should be financially and psychologically prepared for great levels of bitcoin volatility [...]
That is very sensible. So your assertion is not that Bitcoin is perfect, but that every other digital currency on the planet is "shit". Okay, I think I understand your position better now.
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Next you'll be telling me that maybe, just maybe there's an actual valid reason why El Salvador might look at other digital currencies besides Bitcoin... We're through the looking glass now, so why not? 
El Salvador seems to have largely been bitcoin focused, yet they have some legislation that attempts to incentivize technological innovation and also wants to attract capital, so surely sometimes ideas about shitcoins could end up being tolerated, yet that would not necessarily mean that they are promoting shitcoins.
Insofar as they are taking compelled taxpayer funds and using them to do something for Bitcoin or some other product, that is... promoting the product.
Clearly if the leadership of El Salvador thought as you think, they would not be doing what they are doing. Quite the opposite since them letting another currency into the picture is such a bearish factor for Bitcoin.