Biden administration will kill Bitcoin! Says Ron DeSantis.

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Considering what SEC is doing it might be true

What SEC has to do with it? They haven't stated that BTC is a security, and anything else is outside of their jurisdiction.
Also this statement of DeSantis is just an example how he doesn't grasp decentralization. They can kill CEXes for sure but why would they to do when they can just tax them?
Calling something a security doesn''t kill exchanges, it just makes exchanges different.

And if he is going for the POW taking too much polluting energy point of view, they can just enforce moving from fossile fuels and coal. During an energy crisis they can prioritize the energy use.
Killing bitcoin doesn't solve enviromental issues or energy crisis so the arguments against it are coming from people who see bitcoin as pointless. And that's really just matter of opinion.

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Quote from: Ale88 on June 18, 2023, 11:05:06 AM

Quote from: Basiyu on May 25, 2023, 04:54:45 PM

Florida Gov. Ron DeSantis officially launched his presidential campaign on Wednesday evening, setting out his priorities during a glitch-filled Twitter Spaces event with Elon Musk. His statement included familiar red meat for the Republican base, including tirades over Disney and “woke” corporations but also an extended riff on crypto.

“You have every right to do Bitcoin. The only reason these people in Washington don’t like it is because they don’t control it…I think that the current regime, clearly they have it out for Bitcoin, and if it continues for another four years, you know, they’ll probably end up killing it,” he said, while claiming Bitcoin is a threat to the “central planners” in the Biden administration who wish to control everything.

Is Ron DeSantis right about his comments or wrong?
:https://www.google.com/url?q=https://fortune.com/crypto/2023/05/25/ron-desantis-goes-crypto-says-the-biden-administration-will-kill-bitcoin/&sa=U&ved=2ahUKEwjrvNr1spH_AhWERsAKHaxGCCAQxfQBegQIBRAC&usg=AOvVaw3bNq-oiqKE2fQqGPCC0o0U

First of all I want to say that I don't like Biden, at all, I see him as one of the most useless presidents in the US history, oftentimes I even forget he's the president... Anyway, even thought the US are one of the most important countries in the world they have no way to kill bitcoin while the rest of the world is actually starting to embrace it. It's actually even counterproductive for them, it would be a decision that doesn't make any any sense, they have everything to lose, not bitcoin.

Legally, I think it would be rather a challenge for the government of the United States to get rid of Bitcoin completely, I bet they will try a different approach instead, like increasing taxes on both miners and those who trade with Bitcoin to the point of making those activities barely profitable for anyone residing in USA.

Because, we should keep in mind that the governance there is not the same of what one could find in China or Russia, with one just big party or president taking the decisions in an unilateral way, efforts to ban Bitcoin in USA can be challenged.

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Quote from: Basiyu on May 25, 2023, 04:54:45 PM

Florida Gov. Ron DeSantis officially launched his presidential campaign on Wednesday evening, setting out his priorities during a glitch-filled Twitter Spaces event with Elon Musk. His statement included familiar red meat for the Republican base, including tirades over Disney and “woke” corporations but also an extended riff on crypto.

“You have every right to do Bitcoin. The only reason these people in Washington don’t like it is because they don’t control it…I think that the current regime, clearly they have it out for Bitcoin, and if it continues for another four years, you know, they’ll probably end up killing it,” he said, while claiming Bitcoin is a threat to the “central planners” in the Biden administration who wish to control everything.

Is Ron DeSantis right about his comments or wrong?
:https://www.google.com/url?q=https://fortune.com/crypto/2023/05/25/ron-desantis-goes-crypto-says-the-biden-administration-will-kill-bitcoin/&sa=U&ved=2ahUKEwjrvNr1spH_AhWERsAKHaxGCCAQxfQBegQIBRAC&usg=AOvVaw3bNq-oiqKE2fQqGPCC0o0U

First of all I want to say that I don't like Biden, at all, I see him as one of the most useless presidents in the US history, oftentimes I even forget he's the president... Anyway, even thought the US are one of the most important countries in the world they have no way to kill bitcoin while the rest of the world is actually starting to embrace it. It's actually even counterproductive for them, it would be a decision that doesn't make any any sense, they have everything to lose, not bitcoin.

hZti

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Maybe you can kill bitcoin in the US for some time, but it will definitely not kill bitcoin as a whole and never ever will it kill bitcoin in the US permanently. This is the whole point of bitcoin and therefore it was so far never successfully done in any country.

Whaat most of the politicians like DeSantis do is put out an uninformed statement about a lot of things and then later realize that what they propose is not goin to work.
The only thing a bitcoin ban will do in my opinion is push bitcoin in the shadow world where it can not be controlled anymore and that is even less what the politic wants.

Franctoshi

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The decentralized nature of Bitcoin has made it difficult for any government to control Bitcoin, precisely the super world powers, the United States and China. Since Joe Biden assumed office, his administration has been anti-crypto, which is seen in his use of various agencies such as the SEC to attack crypto, because their policies have not been friendly to Bitcoin and the crypto space.

They can only cause a slow in the growth of Bitcoin in the short run but in the long run, Bitcoin will scale through, China's ban on Bitcoin pressured the market for a short while, but later the market absorbed the whole pressure.

dwminer1

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Indeed, the actions of the Biden administration and the SEC recently point to an open war with cryptocurrencies. However, Bitcoin itself does not seem to me to be in danger. It seems to me that these actions will cause more damage to younger projects in the blockchain industry. The question is how other countries will approach this issue. If investments in the blockchain industry around the world increase and bring profits, I believe that the US will notice that they are shooting themselves in the foot with such actions.

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Biden or any other government in the world can't kill bitcoin, so I completely disagree, what I do believe they have the power to do is to frustrate the growth and adoption of bitcoin, they can do that through laws, imposing unwarranted taxes on bitcoin investors and crypto currency traders at large, going after exchanges with lawsuit like what we are currently seeing going on between the SEC and Binance.us, but then, it can only end there, bitcoin will continue to survive even with a stagnated growth, as long as they dont and never gain control over bitcoin, they can't kill it, it's simple..

thecodebear

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Desantis is a typical republican - a corrupt liar. Biden ain't good for Bitcoin and clearly doesn't have a clue about Bitcoin's usefulness, but Desantis is a PoS (not proof of stake haha). Its unfortunate Biden is running again, I assumed his plan was do one term and then let a younger Dem run. Not that Biden is bad or anything, he's just freakin old. Best thing for America would be to have Biden win against whatever lunatic the Republicans put up, and have someone in the Bitcoin community get through to Biden and educate him on Bitcoin sometime in the next couple of years so during his second term he could become a Bitcoin supporter. Not that I'm expecting it, but hopefully he at least stops coming up with stupid ideas like a bitcoin mining tax. We need Biden to support Bitcoin and also kick Gensler out! That would be great for Bitcoin. But likely we'll be waiting until 2028 to potentially have a pro-Bitcoin (hopefully Democratic) president. Hopefully by 2028 general public education on Bitcoin will be much greater so it'll be much more likely that politicians will support Bitcoin by then.

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Quote from: serjent05 on June 17, 2023, 05:03:10 PM

Quote from: ?? on ??

Considering what SEC is doing it might be true

True that they intend to kill Bitcoin? Maybe, but the question is are they capable? I don't think so. They can be successful in thwarting Bitcoin adoption or kicking out Bitcoin in the USA but they will never kill Bitcoin because of its decentralized nature. Even with all its alliances assisting them in killing Bitcoin operation, it will be futile. Huge amount of money had already been invested on the Bitcoin industry, I am sure those who have the capability will join the group to keep the operation of the Bitcoin network continue

One America can't destroy bitcoin, but if it's an entire coalition supporting them, that's a different story. Bitcoin is decentralized, but that does not mean it will be immortal if it is met with the fierce pursuit of many governments joining forces. Don't underestimate their power because bitcoin exists because of us, what if the government attacks investors like us? I don't think being too arrogant and anti-government is a good idea.

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Quote from: The Cryptovator on June 17, 2023, 05:10:02 PM

In brief, it is nearly impossible to completely eliminate Bitcoin. The most effective approach that authorities like President Biden or the US government could take is to restrict or prohibit the use of cryptocurrencies within their jurisdiction. They could enforce regulations and discourage citizens from engaging in crypto-related activities. However, their influence and control are limited to their own country, and they cannot eradicate Bitcoin on a global scale.

Your point regarding administrations like President Biden' wielding power over crypto regulation is robust. They can indeed set limits. But isnt Bitcoin crafted to surpass the reach of traditional finance and governmental control? Governments can dissuade, but can they completely thwart Bitcoin usage among their citizens? Cryptocurrencies, akin to a hydra, regenerate and multiply. Bitcoin' resilience, isnt it anchored in its decentralized, anonymous nature? True, a government' clout is confined within its borders, but Bitcoin' influence is worldwide. Its like curbing a river's flow with pebbles. Isnt it remarkable how tech can challenge even the mightiest institutions?

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In brief, it is nearly impossible to completely eliminate Bitcoin. The most effective approach that authorities like President Biden or the US government could take is to restrict or prohibit the use of cryptocurrencies within their jurisdiction. They could enforce regulations and discourage citizens from engaging in crypto-related activities. However, their influence and control are limited to their own country, and they cannot eradicate Bitcoin on a global scale.

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Quote from: serjent05 on June 17, 2023, 05:03:10 PM

Quote from: ?? on ??

Considering what SEC is doing it might be true

True that they intend to kill Bitcoin? Maybe, but the question is are they capable? I don't think so. They can be successful in thwarting Bitcoin adoption or kicking out Bitcoin in the USA but they will never kill Bitcoin because of its decentralized nature. Even with all its alliances assisting them in killing Bitcoin operation, it will be futile. Huge amount of money had already been invested on the Bitcoin industry, I am sure those who have the capability will join the group to keep the operation of the Bitcoin network continue

definitely not. just look at a very good example - china. they banned this currency, and yet where are we now? btc still standing. so nope. no single politician can kill this currency. they may influence the market in short-term, however, we have seen that we always bounce back.
so yes, such move will be futile. later on, they will just go with this market as they will come into their senses that they can't beat this market, educate your people and that would better than trying to kill this market.

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Quote from: ?? on ??

Considering what SEC is doing it might be true

True that they intend to kill Bitcoin? Maybe, but the question is are they capable? I don't think so. They can be successful in thwarting Bitcoin adoption or kicking out Bitcoin in the USA but they will never kill Bitcoin because of its decentralized nature. Even with all its alliances assisting them in killing Bitcoin operation, it will be futile. Huge amount of money had already been invested on the Bitcoin industry, I am sure those who have the capability will join the group to keep the operation of the Bitcoin network continue

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Quote from: Lucius on June 11, 2023, 08:28:12 AM

Quote from: Basiyu on May 25, 2023, 04:54:45 PM

~snip~
Is Ron DeSantis right about his comments or wrong?

He is completely right to comment on the way he wants it because he has entered the fight for the president, and in this fight they do not choose a way or means. It is fascinating to me that people ask themselves such questions at all, because why is it important who is the president, if we know that the US policies produce characters in recent decades that would be more appropriate for something completely different than to be the president.

The current US president is one big joke, the previous one was a belligerent fanatic, and what to say about one that reward Nobel prize to himself...

Plus, they say that DeSantis is not one who wears pants in the family, if you understand me. I wonder what he was thinking about at that moment Roll Eyes

This same DeSantis is the one who just abolished African black history subject from schools curriculum and he is not yet done.
Whatever be the case I think everyone mostly in the free world has a right to make whatever comments they want. It doesn't change the fact that Bitcoin is decentralized and if it fails in the U.S, it doesn't mean it won't work in other countries or regions.
Also, I consider the thought of it dying as just being speculative because more of the innovation mostly surrounding Web3, Metaverse would require both its technology and its decentralized currency to function as a perfect virtual 3D world.

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But is first tenure is almost gone so there is no need to panick the devaluation of bitcoin by the US Government. It ink this an allegation. And I don't think it is true. If bitcoin would die in Biden hand it has happened since. It is a fake rumour.

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Quote from: Basiyu on May 25, 2023, 04:54:45 PM

Florida Gov. Ron DeSantis officially launched his presidential campaign on Wednesday evening, setting out his priorities during a glitch-filled Twitter Spaces event with Elon Musk. His statement included familiar red meat for the Republican base, including tirades over Disney and “woke” corporations but also an extended riff on crypto.

“You have every right to do Bitcoin. The only reason these people in Washington don’t like it is because they don’t control it…I think that the current regime, clearly they have it out for Bitcoin, and if it continues for another four years, you know, they’ll probably end up killing it,” he said, while claiming Bitcoin is a threat to the “central planners” in the Biden administration who wish to control everything.

Is Ron DeSantis right about his comments or wrong?
:https://www.google.com/url?q=https://fortune.com/crypto/2023/05/25/ron-desantis-goes-crypto-says-the-biden-administration-will-kill-bitcoin/&sa=U&ved=2ahUKEwjrvNr1spH_AhWERsAKHaxGCCAQxfQBegQIBRAC&usg=AOvVaw3bNq-oiqKE2fQqGPCC0o0U

Isn't it that's what the Democrats wanted to? kill bitcoin and the rest of crypto and that's why you can find memo about their support to SEC and daddy Gary. What they are doing might come back and haunt him.

Just like what Ron DeSantis is doing, it could be very well the leverage they needed to attack the Biden government regarding their hard line stance of bitcoin. And I think not just DeSantis, even Kennedy as well attack Biden and I think we have a thread about that one.

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Inform them that they can't kill what they don't control.
Of course they can make laws that could limit it's use, but I can assure you that BTC is here to stay.
BTC is a threat to them. They can clamp down on as many exchanges as they want, but new ones will spring out from the ash.

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Quote from: Basiyu on May 25, 2023, 04:54:45 PM

~snip~
Is Ron DeSantis right about his comments or wrong?

He is completely right to comment on the way he wants it because he has entered the fight for the president, and in this fight they do not choose a way or means. It is fascinating to me that people ask themselves such questions at all, because why is it important who is the president, if we know that the US policies produce characters in recent decades that would be more appropriate for something completely different than to be the president.

The current US president is one big joke, the previous one was a belligerent fanatic, and what to say about one that reward Nobel prize to himself...

Plus, they say that DeSantis is not one who wears pants in the family, if you understand me. I wonder what he was thinking about at that moment Roll Eyes

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Quote from: cryptodude on June 11, 2023, 12:46:22 AM

The Governor of Florida, Ron DeSantis, In September 2021, the Biden administration made a statement about Bitcoin. I don't doubt any interference on Bitcoin by any country's government because no one has any control over it. It is not believable that Bitcoin can be killed because the coin is a decentralized digital currency. over which no one has any control. As Bitcoin has spread all over the world now in my opinion everyone should welcome Bitcoin like other countries instead of going against it.

They can't control it, but they can stop its growth, and with what the SEC is doing can see that they can do that and more. They still have not found a solution to control bitcoin, and they are turning to people who invest in bitcoin, and we will become their target if they really want to kill bitcoin. But I don't think that's going to happen, what they want is just taxes, they don't intend to destroy it.

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Quote from: KiaKia on June 11, 2023, 03:00:41 AM

snip

Bitcoin existence was never meant to take over Fiat, some people want Bitcoin to be money they use everyday but that's nonsense, Nakamoto never created Bitcoin to replace Fiat, Bitcoin existed for people to use among themselves, it's the people's money without the involvement of the government.

Bitcoin stops only when they people want it to stop, this is what Biden and Gensler finds hard to understand.

But many in our community are propagating it. They constantly challenge that bitcoin will replace fiat, replace banking, and bitcoin will scare governments...too much false propaganda makes governments more upset with bitcoin. This is something that I have always opposed because bitcoin was not created to compete or take over, it is just an alternative and will co-exist with existing monetary systems. Fighting the government never has a happy ending.
Biden and Gensler can't stop bitcoin, but if they're determined to destroy us, we'll also be in a lot of trouble.

Topic: Biden administration will kill Bitcoin! Says Ron DeSantis. (Read 467 times)