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Topic: BitMex Founder Accuses Trump of Being Insincere About His Support for Crypto - page 2. (Read 363 times)

full member
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Eloncoin.org - Mars, here we come!
I don't agree with Mr. Hayes, but he gave some advice to the crypto community. He said that crypto voters (if there's anything like that) should ask elected officials to push for pro-crypto laws before election day.
Well that is the most ideal even if it isn’t about crypto.

A good politician is one that works constantly for the people and the values he wishes to enforce onto the country not one that only works when it’s time for election and doesn’t contribute anything once election is over.
member
Activity: 70
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I report crypto news and write gambling articles
And we have seen Trump before, in the beginning he had surrounded him with supposedly pro-Bitcoin, but during his tenure, we didn't see significant laws a well. So it's really up to the voters to choose the "lesser of two evils" here and who they think will give crypto a boost, and so far Trump has somewhat gain traction and he is even invited to speak in the Bitcoin conference.

The crypto community is supporting Mr Trump this time because he has made some pro-crypto comments to the extent of promising to release the Silk Road founder. We'd like to see if he carries out pro-crypto policies. At least, we've seen Biden's anti-crypto stance. Trump at least has shown interest in crypto, unlike Biden.  

I don't agree with Mr. Hayes, but he gave some advice to the crypto community. He said that crypto voters (if there's anything like that) should ask elected officials to push for pro-crypto laws before election day.

To achieve votes from citizens, they have to change temporarily to get votes first. We can benefit from it and if one party don't bring benefit to us, assume US. citizens are speaking, we can vote against them. It's force for changes and adoption in this field including considerable regulatory changes.

Biden left no one in doubt that he is anti-crypto. Check how long it took to get BTC spot ETF approval, despite intense lobbying. I believe Trump is a fairer choice than Biden if we want to see at least a crypto-neutral administration.  

How can he push crypto law when they are not yet sitting in the office? But I do agree that we shouldn't be careful on who are we going to elect in the US. But let me ask, who do you think will carry on and not go anti-crypto here? We've seen what Biden and his political party does, and they go on a full blown war on crypto with taxes and miners and everything. And we have seen Trump before, in the beginning he had surrounded him with supposedly pro-Bitcoin, but during his tenure, we didn't see significant laws a well. So it's really up to the voters to choose the "lesser of two evils" here and who they think will give crypto a boost, and so far Trump has somewhat gain traction and he is even invited to speak in the Bitcoin conference.

He cannot push the law but he should make his instance completely clear. Most of the times , politicians avoid giving straight answers because they want to take benefit of doubt and appeal to all to gather more votes. If he makes his stance clear, that he is going to support crypto with full energy on coming to power, this itself can fuel the next bull run for bitcoin.

I think Trump already did the bolded. We are even seeing this crypto as an important issue in this election because of Trump. Left to Biden, crypto would have been a non issue.
legendary
Activity: 1568
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bitcoincleanup.com / bitmixlist.org
Pro-crypto laws you say? Let's start by repealing the CVC bill that Congress passed a couple months ago (I think it is abbreviated as CVC, if I'm wrong please correct me).

That would make every person and business involved in cryptocurrency bullish on future US policy. It might even help the party that gives it the most support on getting it passed win the next election.
member
Activity: 136
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How can he push crypto law when they are not yet sitting in the office? But I do agree that we shouldn't be careful on who are we going to elect in the US. But let me ask, who do you think will carry on and not go anti-crypto here? We've seen what Biden and his political party does, and they go on a full blown war on crypto with taxes and miners and everything. And we have seen Trump before, in the beginning he had surrounded him with supposedly pro-Bitcoin, but during his tenure, we didn't see significant laws a well. So it's really up to the voters to choose the "lesser of two evils" here and who they think will give crypto a boost, and so far Trump has somewhat gain traction and he is even invited to speak in the Bitcoin conference.

He cannot push the law but he should make his instance completely clear. Most of the times , politicians avoid giving straight answers because they want to take benefit of doubt and appeal to all to gather more votes. If he makes his stance clear, that he is going to support crypto with full energy on coming to power, this itself can fuel the next bull run for bitcoin.
hero member
Activity: 3150
Merit: 937
1.There are crypto supporters, that are left wing. There are also crypto supporters, that are right wing. Some crypto supporters are anti-Trump. Some crypto supporters in the USA don't care about politics at all. Why this guy thinks that all crypto users/investors have the same mindset and they will vote for a candidate only based on his views about crypto?
2.Demanding pro-crypto laws before voting for a party? This sounds naive to me. What if the party promises pro-crypto legislation, but forgets about this promise after the elections? Nobody could guarantee that such legislation will be imposed.
legendary
Activity: 2576
Merit: 1860
It's easy for anybody to accuse Trump of being insincere in his pro-Bitcoin pronouncements. He's a politician, after all. Moreover, it's election season, a time to lie and make false promises. It also doesn't help that Trump doesn't have a sterling track record to refute all these allegations of insincerity. Words have always been so cheap with this man. Also, he was once the president and during his time as the most powerful man in the US, not only did he fail to support Bitcoin, he heavily criticized it.

Well, he'll probably have his second chance thanks to his senile opponent. We'll see how his administration implements policies reflecting his campaign remarks.
sr. member
Activity: 1680
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Top Crypto Casino
There is almost always a tweet or a statement where Trump contradicts himself. It is only natural to be skeptical about his motives. If he is elected, most of the crypto legislation that is passed will be for the benefit of these large exchanges which have donated millions of dollars. It is uncertain if the average crypto user’s needs will be taken into account, that’s why Arthur Hayes is saying people shouldn’t put all their faith in Trump. If crypto is your main issue, you should support the best ideas regardless of where they are coming from and reject anything that is harmful, like extreme compliance measures that aim to take away our privacy.
legendary
Activity: 3472
Merit: 10611
All the US election talks are starting to become annoying specially since up until the "candidate advertisements" began, majority of people didn't even talk about legislations and after the elections are done all of them would again forget about it and go back to the same situation where the government keeps putting up more restrictions (eg. KYC nonsense, shutting down anything decentralized or privacy improving) and people just accept it!

Besides, it is useless to get them to promise anything now. Because one of them is not going to win and all the promises the loser gives are useless and the promises the winners gives is just him trying to "advertise" so they'll tell you anything you want to hear as long as they can get your vote Cheesy
legendary
Activity: 2100
Merit: 1042
HODL
Democratic Party supporters will consider what Mr. Trump says and does to be bullshit, trash and untrustworthy. On the contrary, Republican supporters will believe and praise what he says and oppose what Biden does. That's not difficult to understand, and just because Founder BitMex denounced Trump doesn't mean he's as bad or as many people criticize Biden, doesn't mean Biden is as bad as people say.

If you rely on celebrities to evaluate Mr. Trump, you should not ignore that CEO Kraken or Cathie Wood and many people in the cryptocurrency industry are supporting Mr. Trump. Hayes does not represent the entire cryptocurrency industry.
full member
Activity: 420
Merit: 120
I don't agree with Mr. Hayes, but he gave some advice to the crypto community. He said that crypto voters (if there's anything like that) should ask elected officials to push for pro-crypto laws before election day.
If there are two parties compete against each other for positions of President, Vice President and in the Congress, we have reasons to wait for swings of support and anti cryptocurrency in future. Fortunately, both parties actually need votes from citizens who certainly will have more interests in Bitcoin and cryptocurrency market as well as blockchain technology, companies in this field.

To achieve votes from citizens, they have to change temporarily to get votes first. We can benefit from it and if one party don't bring benefit to us, assume US. citizens are speaking, we can vote against them. It's force for changes and adoption in this field including considerable regulatory changes.
hero member
Activity: 2870
Merit: 594
How can he push crypto law when they are not yet sitting in the office? But I do agree that we shouldn't be careful on who are we going to elect in the US. But let me ask, who do you think will carry on and not go anti-crypto here? We've seen what Biden and his political party does, and they go on a full blown war on crypto with taxes and miners and everything. And we have seen Trump before, in the beginning he had surrounded him with supposedly pro-Bitcoin, but during his tenure, we didn't see significant laws a well. So it's really up to the voters to choose the "lesser of two evils" here and who they think will give crypto a boost, and so far Trump has somewhat gain traction and he is even invited to speak in the Bitcoin conference.
sr. member
Activity: 1022
Merit: 363
I don't agree with Mr. Hayes, but he gave some advice to the crypto community. He said that crypto voters (if there's anything like that) should ask elected officials to push for pro-crypto laws before election day.

Quote
Some readers may believe this essay is a thinly veiled attempt to poison the minds of pro-crypto Trump supporters. I am not a member of either political party, nor do I care who wins the US Presidential election. The party in power has the means and motive to do whatever it takes to remain in power. This is even more true if the ruling party has done questionable things to block the opposition from taking the reins. That is why it’s more effective to work with the Democratic party. If the situation were reversed, I would advocate supporting the Republicans. The point is that, in a highly polarized two-party system, being partisan is detrimental to achieving your single-issue policy goal.

Copycat

If crypto voters in the US can pass a simple yet profound piece of pro-crypto legislation, it will be highly publicized. As a result, it will politically activate crypto holders in other jurisdictions where a small, vocal, and focused minority voting bloc can achieve legislative results.

Look how quickly Hong Kong and the London Stock Exchanges launched or scheduled launches of Bitcoin spot Exchange Traded Funds (ETF) once the US listed an ETF. Nation-state competition is our friend. Suppose there is a serious effort to use this unique moment in history to push through a transformative, simple, yet effective piece of pro-crypto legislation in the US. In that case, it behooves non-Americans to help the cause.

Helping the cause means shaming individuals and companies that propose legislation that reeks of crypto-crony capitalism. Helping the cause means analyzing and offering feedback on serious proposals. Helping the cause means demanding that those who claim to champion crypto politically in the US not accept the empty platitudes of politicians seeking reelection but demand concrete action now before the votes are cast. And finally, helping the cause means organizing a similar effort in your country if it is a representative democracy featuring highly polarized political parties where no one party has an overwhelming majority.

https://cryptohayes.substack.com/p/hot-chick




Maybe he support Biden that's why he said that?

Anyways we don't really know yet how big the support Trump shows to crypto, but at least he show sympathy to crypto users and we could just see the action made once he successfully taken the seat. People want to try him again and see what he could do since lots of people are tired with what Biden do for past years also his crypto crackdown policy that's why many people don't like him.

For now its early to tell and lets just see what he can do in this industry and for sure he would create more better judgement since lots of crypto institutions and well known personality supports him so for sure he would comply to what he promise and make US a crypto friendly country on his term.
member
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Ohhhh the haters are here lol
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
Apart from the moments where he's talking about himself and how great he thinks he is, *everything* Trump says is insincere.  Even when he comes out with whatever latest extremist political rhetoric,  I don't think he genuinely believes it.  His advisers just tell him it'll play well with the dumbasses who are likely to vote for him.  All facade.  No substance.
member
Activity: 70
Merit: 11
I report crypto news and write gambling articles
I don't agree with Mr. Hayes, but he gave some advice to the crypto community. He said that crypto voters (if there's anything like that) should ask elected officials to push for pro-crypto laws before election day.

Quote
Some readers may believe this essay is a thinly veiled attempt to poison the minds of pro-crypto Trump supporters. I am not a member of either political party, nor do I care who wins the US Presidential election. The party in power has the means and motive to do whatever it takes to remain in power. This is even more true if the ruling party has done questionable things to block the opposition from taking the reins. That is why it’s more effective to work with the Democratic party. If the situation were reversed, I would advocate supporting the Republicans. The point is that, in a highly polarized two-party system, being partisan is detrimental to achieving your single-issue policy goal.

Copycat

If crypto voters in the US can pass a simple yet profound piece of pro-crypto legislation, it will be highly publicized. As a result, it will politically activate crypto holders in other jurisdictions where a small, vocal, and focused minority voting bloc can achieve legislative results.

Look how quickly Hong Kong and the London Stock Exchanges launched or scheduled launches of Bitcoin spot Exchange Traded Funds (ETF) once the US listed an ETF. Nation-state competition is our friend. Suppose there is a serious effort to use this unique moment in history to push through a transformative, simple, yet effective piece of pro-crypto legislation in the US. In that case, it behooves non-Americans to help the cause.

Helping the cause means shaming individuals and companies that propose legislation that reeks of crypto-crony capitalism. Helping the cause means analyzing and offering feedback on serious proposals. Helping the cause means demanding that those who claim to champion crypto politically in the US not accept the empty platitudes of politicians seeking reelection but demand concrete action now before the votes are cast. And finally, helping the cause means organizing a similar effort in your country if it is a representative democracy featuring highly polarized political parties where no one party has an overwhelming majority.

https://cryptohayes.substack.com/p/hot-chick


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