Don't get it twisted | Bitcointalksearch.org

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Quote from: Oshosondy on May 15, 2024, 03:28:15 AM

Some regulations can also be very strict in a way it can discourage mining in the country. Biden did not ban bitcoin or any other coins but his crypto regulations are strict with miners. What makes you think that Trump will also not do the same or become stricter? There is one thing about people, you do not know what they have in mind for you until they fulfil the thing.

That's true, you can't really know what one can do and can't because we can't read their minds too, so that is why they do play game with us, so that when they are in power, their true color will now come out and by then it's going to be very very late because we have already put them in charge and there is nothing we can really do.

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People from US or not shouldn't think that whoever wins the presidency will focus on crypto crackdown. There is so much to deal with on their post when they are on their offices. What we typically see from the feedback or news that we're reading are coming from someone who works for them. So, it's not that they really know what crypto is or things about it. If some statement says that they're going to tax crypto, it is the body of the government that does it and not the POTUS.

So, it won't matter whoever wins there and this is the debate if it's about political. You should be prepared to lose your friend if you want to defend your political stand but if it's going to be crypto-wise, it doesn't really matter at all because whether there will be policies made against or in favor, the entire market will continue to circulate and work on itself whoever is on the position.

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Quote from: Crypt0Gore on May 15, 2024, 03:21:17 AM

My friends and I were having discussions about the upcoming US election and one of them said that if Trump is elected there will be many more scams in crypto space, and I can't help but think about how many people will be thinking the same, especially those who are new to crypto.

Just because Trump said he is supporting crypto doesn't mean there will be no further crackdown on crypto or there will be no regulations, Trump never said that everyone is free to do what they like because he will be the new president.

Regulating crypto is one thing and making crypto space a living hell for crypto adopters is another, this is what Biden wants to do, and that is why I will advise people to vote for another instead of Biden, Bitcoin miners can't even breathe in the US right now.

So don't get it twisted, if Trump gets elected as the new president it won't erase regulations in the crypto space,

I don't know where people get this idea that he even knows what he is talking about. He just wants to pander his crowds and just ramble something opposite to Joe.

If Joe would have said that he believes in crypto's future and possibilities, Trump would run to say that: "I am toughest against crypto then any president in the history! Have always been! People say i am tougher then Lincoln against blockchains! They say, please mr president! Big guys, tears on their eyes, crying that they lost their money. And i will close it down like you wouldn't believe. It's a money for criminals and terrorists and woke-movement."

And all this without understanding a single thing about it. He doesn't need to understand it. Just repeating trendy crypto key words like RWA and shill his AI made nfts.

pinggoki

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That's way of the charts to say that, that's not even remotely related to Trump. If there's a rampant increase of scams in crypto space, the only plausible reason that it could ever happen is because there's a new/novel way that scammers can get to their victim or their victim's wallet, that's it, that's the only thing that will matter when it comes to those stuff. Maybe some old school scammers would use Trump's win in the election as a way to scam people but other than that, people already know about those scams and they'd have some way to identify similar scam with different people that's supposed to be a part of it. I don't necessarily agree with the regulations staying in place though, unless he does like those regulations personally, we might see some improvement or maybe even some form of downgrade/worsening if he doesn't like it so yes, it's not a good idea to twist the ideas but possibilities will always be endless.

bluebit25

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Indeed, I also see the problem that Trump wants to attract more votes for the upcoming election.

No matter who becomes president, their impact on the economy will still be difficult to say, and with crypto, up to now and in the future, it does not rely solely on one individual, group, or country to control it survive and develop. It's just that people are so dependent on news and short-term market events that they forget the fact that bitcoin will continue to increase until you die

Perhaps because of a leading economy like the US, all political issues always receive attention that will affect the interests of participants, as here are those participating in cryptocurrency investment predicting future impacts.

AVE5

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Only when Trump is scam or he's a disguise anti bitcoin before he can creat those loopholes to happen to the Crytop for selfish interest or to crashes the Crypto industry but I believe in Trump that he's a leader who understands the minds of the people and works towards satisfying the people's needs.
I bet it that if bitcoin is compromised to be regulated by the authorities, the Satoshi's programs on bitcoin being a decentralized financial system has failed and majority of Investors who adopted the source of bitcoin and other cryptocurrencies for their savings and investments purposes would be disappointed and many would pool out of the crypto pool and better go with the fiats where they knows the government has been in total control of and then will be the chronic moment of blockchains.

Hispo

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Trump is not a crypto positive politician as many around here could assume, only because he is willing to accept donations in a decentralized way, it does not mean anything in terms on regulation.
Though, if he was going to do something positive for this space, I would bet he could cut some taxes not only on the rich people in general, but also on those who mine PoS and stake Ethereum. Trump has already proven to be willing to cut taxes and he has done so effectively, not nothing beyond that.
KYC and AML regulations are going to continue in place and they will also become more common and stronger on exchanges and all kinds of services which involve BTC and alternative currencies.
Both Trump and Biden are from a generation in which was quite impossible to consider this technology we have today which allows us to run Blockchains.

Still, I could see some political strategy from Trump to gain the support of those who are miners in the United States.

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Quote from: decodx on May 16, 2024, 01:48:15 PM

Second, governments aren't a unified "they." Different countries have different stances on crypto. And "illegal by means of law" is just redundant.

I didn't mean the crypto, just the scam part which is illegal right and this is surprisingly same all over the globe if I am not wrong. So government has job to protect their citizens from scammed and that's when the game begins, they can play it like crypto is the root of all these scams so we just shut crypto so no more scams but we know it's not possible to shut down crypto that is why they need to bring in the regulations and whatever things that are necessary to project the citizens. But under anyone's rule stopping scam is not 100% possible either.

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Quote from: jrrsparkles on May 16, 2024, 01:42:50 PM

And government doesn't allow any scam to happen either they are anti or pro crypto cause it's bad and illegal by the means of law.

Security is the reason for governance and no government would like to turn eyes away from whatever they feel is not right to their view. So whether Trump or Biden, it should be the priority of the Americans first. So I'm not really looking at who is leading the ship but the way that the crypto market is going. Biden has made some changes in miners and so depending on what the people want, it is a choice for the pool.

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Quote from: jrrsparkles on May 16, 2024, 01:42:50 PM

If Trump becomes president he isn't going to be go easy on crypto either, he knows how to get attention so he proposes what people thinks which is best for them it doesn't mean he will go by all his words.

And government doesn't allow any scam to happen either they are anti or pro crypto cause it's bad and illegal by the means of law.

First, "he" isn't some mythical being pulling crypto strings. Politicians play a complex game, their stances evolve.

Second, governments aren't a unified "they." Different countries have different stances on crypto. And "illegal by means of law" is just redundant.

jrrsparkles

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If Trump becomes president he isn't going to be go easy on crypto either, he knows how to get attention so he proposes what people thinks which is best for them it doesn't mean he will go by all his words.

And government doesn't allow any scam to happen either they are anti or pro crypto cause it's bad and illegal by the means of law.

Zanab247

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I believe you know how those politicians use to promise people during campaigns, and after winning to resume the office they will not do what they promised people during the election, which is what am seeing in Trump speech.

Not that I don't like him, but this cryptocurrency promises Trump made, it will make many billionaires in the country not to allow Trump to win this elections because they know that Trump is coming back for revenge based on what they did to him to support Joe Biden to win their last election.

If Trump really mean what he said few weeks ago about cryptocurrency, I guess he will prove it for people of US to know that he mean what he said by continue to include it to his campaign on the time.

Rustam Meraj

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I understand why your friend is worried about more crypto scams if Trump becomes president. I also think it is important to be cautious about Trump support for crypto. Just because he says he likes crypto doesn't mean he won't make strict rules or crack down on industry. Some rules are needed to protect people and prevent fraud but too many rules can hurt new ideas and people who use crypto. I think Biden approach might be too harsh and we need to think about how it affects Bitcoin miners and whole crypto community. When voting people should carefully consider what each candidate thinks about crypto and choose one who finds a good balance between rules and new ideas.

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Quote from: SatoPrincess on May 15, 2024, 06:37:01 AM

It seems Trump supposed support of bitcoin has got a lot of people talking. So much so that we have mutliple active threads on Bitcoin discussion talking about the same thing:
Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning
Will cryptocurrencies see a new wave after Trump's election?

We shouldn't forget that Trump is a politician and unlike any politician that wants power, standing on the right to be a big supporter of cryptocurrency is one that is sure to conjure more votes needed for victory.

Even if Trump does decide to regulate or decides to introduce stricter policies that would discourage the use of Bitcoin or cryptocurrencies, it won't be enough to stop those who use it and depend on it for business and transactions as well as payments. Cryptocurrency is the future of money, sooner than later, it would be widely used in the world and am sure Trump and the American country wouldn't want to be the last country to adopt and enjoy the benefits of cryptocurrency, else they loose their position as world power.

Let's not also forget that cryptocurrencies is now a major source of income revenue in the form of taxes and such, it helps to grow the macroeconomics of any country adopting it stylishly. So it's a win win for cryptocurrency to be accepted and thus regulated in the American society whether Trump wins the election or not.

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Quote from: Crypt0Gore on May 15, 2024, 03:21:17 AM

So don't get it twisted, if Trump gets elected as the new president it won't erase regulations in the crypto space,

I am not getting it twisted at all. Even if a president support Bitcoin which we all know can have an impact on the Bitcoin market yet he cannot dictate how bitcoin should go or not go in terms of its regulation. This is because he does not make the decision alone between involves the parliament, courts, regulatory bodies such as the securities and exchange commission (SEC). This is why I think that trump winning the election would not stop some sort of regulation. Thinking about it in another way even though he supports cryptocurrencies like Bitcoin that does not mean that he would not support some kind of regulation on bitcoin and other cryptocurrency.

SatoPrincess

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It seems Trump supposed support of bitcoin has got a lot of people talking. So much so that we have mutliple active threads on Bitcoin discussion talking about the same thing:
Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning
Will cryptocurrencies see a new wave after Trump's election?

Alone055

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As they say, never believe what a politician says because there will always be a personal benefit to what they say or do. Trump being loud and clear about him supporting cryptocurrencies is probably nothing more than a publicity gimmick for him to catch the attention of cryptocurrency supporters and get their votes for himself so that he wins the elections. I don't say there is anything wrong with that, but we need to understand that him saying he supports cryptocurrencies doesn't mean he is in love with them or has a soft-corner for them, but it is just for something else.

Even if I'm wrong and he supports cryptocurrencies for what they are and isn't doing all this for votes, there would still be regulations and everything as you said because they can't just allow their citizens to become financially free. After all, that would lessen their powers to a large extent.

A government can never prioritize cryptocurrencies over their official fiat currency and traditional financial systems that give them complete control over the finances of their people.

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People still think that it matters who will be the next US president in terms of the relationship to cryptocurrencies, but in fact it doesn't matter. People in political positions change, but politics mostly stays the same, especially in countries like the US. Many people seem to have forgotten what Trump was doing and what he was going to do regarding cryptocurrencies, and Biden just continued his work.

In addition, it is fascinating how people are obsessed with what politics will say (do) when it comes to Bitcoin - if by any chance Satoshi was obsessed (scared) like today's people, it seems to me that Bitcoin would never have existed.

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Quote from: Crypt0Gore on May 15, 2024, 03:21:17 AM

So don't get it twisted, if Trump gets elected as the new president it won't erase regulations in the crypto space,

I don't have any reason to believe a politician especially when he is campaigning for an elective position. They can promise anything for them to get the right support. Trump might be using his sudden support for crypto to attract young voters because they are usually crypto supporters. He might also be doing this to get some donations from big crypto firms or just to attack the Biden government. I don't expect much change from Trump who has been a long-time crypto critic. Even if he becomes a supporter of the industry, many powerful people in Congress will do everything to frustrate his positive efforts. My expectations are not high, things might remain the same or even worse.

OcTradism

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Quote from: Crypt0Gore on May 15, 2024, 03:21:17 AM

My friends and I were having discussions about the upcoming US election and one of them said that if Trump is elected there will be many more scams in crypto space, and I can't help but think about how many people will be thinking the same, especially those who are new to crypto.

So don't get it twisted, if Trump gets elected as the new president it won't erase regulations in the crypto space,

Scammers are there in societies globally for centuries and one USA. President can not stop them, even he wants to stop them. That discussion sucks at the point, how Trump elected will trigger more scams in crypto space.

I am not Trump fan but I don't see any logic in this discussion against Trump and predictive bad impacts from his presidency if he gets elected again.

Scammers spread from stocks, real estates, many industries, many branches and recent years, they join Bitcoin and cryptocurrency. We could not prevent them to participate in this space in the past and can not do it in future. More or less, there will still be a lot of scammers in this space.

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