In China if you cheat on a computer game, you may have your credit record impeded as you have incurred some harm to state business (pretty much everything is state related or partly owned) so censorship or similar is along the lines of something which is not capitalism but centrally controlled. Problem is I don't see Trump will ever understand this point, it'd be great if he did of course but thats a journey Im not sure he'll ever bother to take. Trump is likely fine with 2nd line finance, not quite so famous as DB but there's plenty others out there who can help service debt. Its more melodrama then monetary crisis for him.
The bigger challenge imo for Trump is will the economy come back and help various business he may be reliant on to service debts. More so then any other ex president he needs business growth, not just to pick up the retirement pay cheque but actively is part of the economy.
Topic: The antidote to financial censorship: Unbanked Trump needs Bitcoin! (Read 296 times)
February 01, 2021, 05:35:06 PM
January 14, 2021, 02:31:24 AM
Just wanted to add.. if this is what a bank is able to do, then just imagine what a government would do if they had a CBDC everyone used. Your account could be closed without even having to care whether the government is going to be fine with the decision, because it's making the decision on its own.
How realistic is it though that Trump would agree entering the crypto stage? When I think of billionaires, I think of people who've worked their butts off with the help of corporations. I usually expect them not to like Bitcoin specifically because BTC provides a freedom corporations don't want, and you can't really get up there without them or the banks' help.
How realistic is it though that Trump would agree entering the crypto stage? When I think of billionaires, I think of people who've worked their butts off with the help of corporations. I usually expect them not to like Bitcoin specifically because BTC provides a freedom corporations don't want, and you can't really get up there without them or the banks' help.
I read a post that iPhone is also planning to remove telegram from the app store.
Haven't heard about that, but Telegram isn't the best app to use if you want privacy anyway. The only thing is, they have so many groups and communities no other app has. As long as fully open-source alternatives such as Signal are a choice we have, it's fine. 
January 14, 2021, 12:10:47 AM
...Decentralized, censorship resistant apps are the key to protect everyone from totalitarianism or authoritarianism (socialism, fascism, communism etc) of any form.
I read a post that iPhone is also planning to remove telegram from the app store.New slogan: Bitcoin can make Trump great again!
I like that. Pomp it!.........
The banks, that he's trying to protect as head of the state, turning against him could trigger a 180 on BTC. Before becoming a President, he's a businessman. Don't doubt his capability of making tough decisions that could save him and his assets. He's old and most likely a crypto newbie but he has plenty of people around to teach him if he decides to learn.
January 13, 2021, 10:52:37 PM
He is a smart but a coward man at the same time.
There, I agree. If Trump had a spine, he could have reformed the system in America as he had promised to.
Whereas now, besides all else, I think that he has nothing to lose by embracing Bitcoin. Nothing to lose, and everything to gain. Think about that for a long moment!
January 13, 2021, 10:45:42 PM
Setting aside the fact that it is an absolute lie that Trump incited those riots: Since when are the banks and social media companies the unilateral enforcers of the law?
Any company reserves the right to stop offering their service to any of their customers at any time for any reason they see fit, such as the case where they think their customer is breaking any of their rules of the country's laws. Everyone agrees to these terms of service when they open their account.For the past 3 months even before the election he has been encouraging riots everywhere. I'm not trying to defend what these corrupt banksters did but it is not rocket science to see the incitement to crime here.
I don't know why you think they are "enforcing the law". I don't follow the news, maybe the banksters and twitter owner raided his house and arrested him?
The banks closing him down and Twitter bans should be seen as two different things. These banks are hardly the ones with the moral authority to declare themselves on the right side of all that is good and pious.
Like you implied, law will take its own course on not just Trump but all the people who rioted and led to the deaths. Yet, as an outside observer who downright detests him as a human being, i still wonder how much of his "wrongdoings" are actually wrong and how much of it is righteous rage. The years long collusion investigations did not lead to anything even though the left liberal media from WP to Late Night shows celebrated Mueller as bringing some sort of righteous, final judgement to the bad orange man. It all turned out to be a molehill ultimately.
What road the "law" takes and who gets prosecuted has always been influenced by the public. From medieval witches burning at stake to Bitcoin being portrayed as illegal, its as much a perception game as actual wrongdoing. Never before has corporations and by extension, individuals held so much power over this process. I think now that Trump is gone, as freedom loving bitcoiners, we need to err on the side of ideals and not on the hatred for Trump or Trumpism.
January 13, 2021, 03:27:11 AM
Setting aside the fact that it is an absolute lie that Trump incited those riots: Since when are the banks and social media companies the unilateral enforcers of the law?
Any company reserves the right to stop offering their service to any of their customers at any time for any reason they see fit, such as the case where they think their customer is breaking any of their rules of the country's laws. Everyone agrees to these terms of service when they open their account.For the past 3 months even before the election he has been encouraging riots everywhere. I'm not trying to defend what these corrupt banksters did but it is not rocket science to see the incitement to crime here.
I don't know why you think they are "enforcing the law". I don't follow the news, maybe the banksters and twitter owner raided his house and arrested him?
January 13, 2021, 02:46:10 AM
20kevin20: Well said. I have nothing to add, but that I tried to keep this thread focused on Bitcoin and financial freedom—rather than about Trump himself. If financial freedom needs a political litmus test, then it isn’t “freedom” in any meaningful sense!
There, I agree. If Trump had a spine, he could have reformed the system in America as he had promised to.
Whereas now, besides all else, I think that he has nothing to lose by embracing Bitcoin. Nothing to lose, and everything to gain. Think about that for a long moment!
My obvious point is that the bankers are directly interfering in the political process. When bankers wield power over high-ranking political officials, the net effect is government by the banks. Is that your definition of “democracy”?
Set aside for the moment that I myself condemn democracy in principle. My personal opinion on that point is hereby irrelevant: Rule by the banks is not what most people think of as “democracy”, and rule by the banks is what this is.
Setting aside the fact that it is an absolute lie that Trump incited those riots: Since when are the banks and social media companies the unilateral enforcers of the law? Do you want for giant corporations to appoint themselves as police, judges, juries, and executioners against you? The net effect is: To act on their whims against you, with you having no recourse.
Take a step back, take a deep breath, think rationally instead of emotionally, and take a cold look at what you just said. You are calling on banks and other BigCorps to enforce (your mistaken idea of) the law unilaterally, unaccountably, with no legal “due process” and no appeal!
In your view, banks and Big Tech companies are the law.
Your argument is especially absurd because to my knowledge, nobody has accused Trump of using his bank accounts to incite a riot (!). The topic of this thread is about the banks, and Trump’s need for Bitcoin. How is the (false) accusation that he incited a riot on Twitter relevant to his bank accounts?
—Or do you propose that the banks should appoint themselves to do something a few short steps from the USG’s nasty habit of freezing people’s assets, whenever someone is accused by the mass-media of a crime? Taking your train of thought to its logical conclusion, if Trump embraces Bitcoin to evade the bankers’ ban, then Bitcoin will be “facilitating unlawful behaviour” per Trump’s 2019 tweet on the subject.
I am most grateful to Satoshi for making Bitcoin permissionless, with no central authority.
You know, Trump could have cracked down with extreme force on the BLM riots—right at the time when Jamie Dimon of JPMorgan Chase made a public display of support for BLM. #justsaying
True.
True.
From the overall circumstance, I doubt that. DB and Signature probably would not have taken such an extreme action unless there was some level of consensus amongst bankers about this—just as there is clearly a consensus (dare I say, a definitional conspiracy) amongst the Big Tech companies.
If Trump can get a bank account at all, it will probably be for extortionate fees at an undercapitalized third-rate bank. —That is, if he can get a bank account at all. —And then, he would always have the threat of this hanging over his head.
As I said: Trump needs Bitcoin!
Oh, really? I have long said that one of America’s worst problems is the abuse of the tax system as a political weapon...
Who said anything about storing coins on an exchange? Not your keys, not your coins. Trump needs his own full node!
Be your own bank, Mr. President!
He is a smart but a coward man at the same time.
There, I agree. If Trump had a spine, he could have reformed the system in America as he had promised to.
Whereas now, besides all else, I think that he has nothing to lose by embracing Bitcoin. Nothing to lose, and everything to gain. Think about that for a long moment!
you must be horrified that unaccountable bankers can unilaterally punish a high-ranking political official, according to their own whims.
Why should anyone be treated differently just because of their position? Doesn't US claim to be a democracy?My obvious point is that the bankers are directly interfering in the political process. When bankers wield power over high-ranking political officials, the net effect is government by the banks. Is that your definition of “democracy”?
Set aside for the moment that I myself condemn democracy in principle. My personal opinion on that point is hereby irrelevant: Rule by the banks is not what most people think of as “democracy”, and rule by the banks is what this is.
In fact I was more horrified to learn that incitement to riots is illegal under U.S. federal law and the punishment is being fined and imprisonment up to 5 years. Not to mention riots that led to loss of life.
Calling their action (and what Twitter, etc. did) "their own whims" doesn't make any sense to me.
Calling their action (and what Twitter, etc. did) "their own whims" doesn't make any sense to me.
Setting aside the fact that it is an absolute lie that Trump incited those riots: Since when are the banks and social media companies the unilateral enforcers of the law? Do you want for giant corporations to appoint themselves as police, judges, juries, and executioners against you? The net effect is: To act on their whims against you, with you having no recourse.
Take a step back, take a deep breath, think rationally instead of emotionally, and take a cold look at what you just said. You are calling on banks and other BigCorps to enforce (your mistaken idea of) the law unilaterally, unaccountably, with no legal “due process” and no appeal!
In your view, banks and Big Tech companies are the law.
Your argument is especially absurd because to my knowledge, nobody has accused Trump of using his bank accounts to incite a riot (!). The topic of this thread is about the banks, and Trump’s need for Bitcoin. How is the (false) accusation that he incited a riot on Twitter relevant to his bank accounts?
—Or do you propose that the banks should appoint themselves to do something a few short steps from the USG’s nasty habit of freezing people’s assets, whenever someone is accused by the mass-media of a crime? Taking your train of thought to its logical conclusion, if Trump embraces Bitcoin to evade the bankers’ ban, then Bitcoin will be “facilitating unlawful behaviour” per Trump’s 2019 tweet on the subject.
I am most grateful to Satoshi for making Bitcoin permissionless, with no central authority.
What goes around, comes around! The kind of fascism and hatred towards Muslims and Black people he has shown in his regime,
You know, Trump could have cracked down with extreme force on the BLM riots—right at the time when Jamie Dimon of JPMorgan Chase made a public display of support for BLM. #justsaying
But anyway, it's not a place to discuss Trump's way of governance.
True.
The world population has been facing the dominance of Banks since many years now!
True.
Now that two banks have publicly notified that they wouldn't keep banking relationship with trump, possibly Trump and his followers will look for alternatives within the banking system itself. Remember, we all are a part of a globalized network. So if some banks are taking two steps back, there will be four banks available to move four steps ahead. Remember, trump is a billionaire with a great business empire behind him! So I don't see any reason for other banks not to step in, especially where is banking system is facing capital deficit due to the economic slowdown! So the business from Trump and his business empire can indeed become a blessing for the banks who are willing to step in!
From the overall circumstance, I doubt that. DB and Signature probably would not have taken such an extreme action unless there was some level of consensus amongst bankers about this—just as there is clearly a consensus (dare I say, a definitional conspiracy) amongst the Big Tech companies.
If Trump can get a bank account at all, it will probably be for extortionate fees at an undercapitalized third-rate bank. —That is, if he can get a bank account at all. —And then, he would always have the threat of this hanging over his head.
As I said: Trump needs Bitcoin!
Trump doesn't need Bitcoin.He needs a good lawyer or a team of good lawyers,because of the upcoming tax evasion lawsuits.
Oh, really? I have long said that one of America’s worst problems is the abuse of the tax system as a political weapon...
In the next few years,Bitcoin will become as regulated as the fiat banks,so what kind of financial freedom will Trump get,by buying BTC and storing them in some crypto exchange or crypto wallet,that requires ID verification?
Who said anything about storing coins on an exchange? Not your keys, not your coins. Trump needs his own full node!
Be your own bank, Mr. President!
January 13, 2021, 02:12:51 AM
This is the moment where people actually start looking for a currency that is censorship-resistant. Be it Trump, Kim Jong Un or anyone else in this world, your actions should NOT be subjectively interpreted by a bank leading to a subjective account closure. This is basically the infringement of our right to financial freedom (not that we ever had one before crypto).
Put your love or hatred against Trump to the side and stop dreaming - try to be realistic at least once. It doesn't matter what he's done in the past - even if he was racist, is that a good reason to strike his financial freedom?
This is the Orwellian state smoothly opening the door towards us. This is the moment where a corporation has the power to shut a President's mouth and close his wallets whenever they feel like they want or need to. It's scary how much power they have right now - so is the idea that the vast majority simply doesn't care or cares more about his actions and words than about what corps have just done!
To put it another way, nowadays if you wanted to protest exactly against the power corps currently have, expect to have no right to do so because they will not like what you're doing and they have enough power to shut you down.
We need Bitcoin. More than ever before.
@pooya87 Theoretically, everyone should be treated the same. But obviously, people tend to treat a high-ranking politician different to the average person. The main idea is that, if the President can be censored and have his rights infringed, then imagine how easy it is to now do the same to anyone else.
Put your love or hatred against Trump to the side and stop dreaming - try to be realistic at least once. It doesn't matter what he's done in the past - even if he was racist, is that a good reason to strike his financial freedom?
This is the Orwellian state smoothly opening the door towards us. This is the moment where a corporation has the power to shut a President's mouth and close his wallets whenever they feel like they want or need to. It's scary how much power they have right now - so is the idea that the vast majority simply doesn't care or cares more about his actions and words than about what corps have just done!
To put it another way, nowadays if you wanted to protest exactly against the power corps currently have, expect to have no right to do so because they will not like what you're doing and they have enough power to shut you down.
We need Bitcoin. More than ever before.
@pooya87 Theoretically, everyone should be treated the same. But obviously, people tend to treat a high-ranking politician different to the average person. The main idea is that, if the President can be censored and have his rights infringed, then imagine how easy it is to now do the same to anyone else.
January 13, 2021, 02:05:44 AM
Trump doesn't need Bitcoin.He needs a good lawyer or a team of good lawyers,because of the upcoming tax evasion lawsuits.
In the next few years,Bitcoin will become as regulated as the fiat banks,so what kind of financial freedom will Trump get,by buying BTC and storing them in some crypto exchange or crypto wallet,that requires ID verification?The US federal government has the power to destroy every business in the world,including every cryptocurrency business.
Trump will have to buy Monero and hide in the darknet(but the darknet is also controlled by CIA/FBI)...
In the next few years,Bitcoin will become as regulated as the fiat banks,so what kind of financial freedom will Trump get,by buying BTC and storing them in some crypto exchange or crypto wallet,that requires ID verification?The US federal government has the power to destroy every business in the world,including every cryptocurrency business.
Trump will have to buy Monero and hide in the darknet(but the darknet is also controlled by CIA/FBI)...
January 13, 2021, 01:47:00 AM
you must be horrified that unaccountable bankers can unilaterally punish a high-ranking political official, according to their own whims.
Why should anyone be treated differently just because of their position? Doesn't US claim to be a democracy?In fact I was more horrified to learn that incitement to riots is illegal under U.S. federal law and the punishment is being fined and imprisonment up to 5 years. Not to mention riots that led to loss of life.
Calling their action (and what Twitter, etc. did) "their own whims" doesn't make any sense to me.
January 13, 2021, 01:27:47 AM
What goes around, comes around! The kind of fascism and hatred towards Muslims and Black people he has shown in his regime, he is getting back the lessons in a different way! There's more pain awaited for Trump and I hope India's Modi faces the same treatment for egoistic and fascist rules they have bestowed upon their own citizens! But anyway, it's not a place to discuss Trump's way of governance.
The world population has been facing the dominance of Banks since many years now! They are accustomed with this system and created their own comfort zone while staying within the system! So unless these people learns the lesson is a hard way, they would never consider Bitcoin as a censorship free money rather than investment. Now that two banks have publicly notified that they wouldn't keep banking relationship with trump, possibly Trump and his followers will look for alternatives within the banking system itself. Remember, we all are a part of a globalized network. So if some banks are taking two steps back, there will be four banks available to move four steps ahead. Remember, trump is a billionaire with a great business empire behind him! So I don't see any reason for other banks not to step in, especially where is banking system is facing capital deficit due to the economic slowdown! So the business from Trump and his business empire can indeed become a blessing for the banks who are willing to step in!
But it really doesn't matter if trump and his followers embrace bitcoin or not! But his example really makes a good case study for the world population who are willing to take up their own finances into their own hand. But looking at the corporate spending on bitcoin, I doubt even this argument will stay valid after few years!
The world population has been facing the dominance of Banks since many years now! They are accustomed with this system and created their own comfort zone while staying within the system! So unless these people learns the lesson is a hard way, they would never consider Bitcoin as a censorship free money rather than investment. Now that two banks have publicly notified that they wouldn't keep banking relationship with trump, possibly Trump and his followers will look for alternatives within the banking system itself. Remember, we all are a part of a globalized network. So if some banks are taking two steps back, there will be four banks available to move four steps ahead. Remember, trump is a billionaire with a great business empire behind him! So I don't see any reason for other banks not to step in, especially where is banking system is facing capital deficit due to the economic slowdown! So the business from Trump and his business empire can indeed become a blessing for the banks who are willing to step in!
But it really doesn't matter if trump and his followers embrace bitcoin or not! But his example really makes a good case study for the world population who are willing to take up their own finances into their own hand. But looking at the corporate spending on bitcoin, I doubt even this argument will stay valid after few years!
January 13, 2021, 12:41:32 AM
It is always a nice feeling to welcome converts, probably because there's a feeling of victory along with it, although I think Trump is stubborn enough to recant his harsh statements against Bitcoin. Moreover, I believe he's also gone a little too much in his insinuations against Bitcoin that it is not that easy for him to just take a U-turn and suddenly embrace Bitcoin. And I also am not sure how much of a loss to Trump that a couple of banks are not interested to do business with him anymore. Probably not that much.
Anyway, the banks have always been tyrants but mostly against those at the bottom. And when they suddenly go against a fellow elite, sometimes it's a nice thing to behold. Somehow, it suggests that there is still a little amount of fairness left in this world.
He is a smart but a coward man at the same time. He knows when to switch sides, there will come a time when he will retract those statements. I think the trend on hating bitcoin is prevalent among the fiat aristocrats which is not that surprising since they do not want poor people from getting that financial freedom so they spread FUD about it and those poor, dumb and ignorant people who blindly feed on the lies follow what they say and ending up not trying the marvels of bitcoin in the first place. Anyway, the banks have always been tyrants but mostly against those at the bottom. And when they suddenly go against a fellow elite, sometimes it's a nice thing to behold. Somehow, it suggests that there is still a little amount of fairness left in this world.
January 13, 2021, 12:20:36 AM
New slogan: Bitcoin can make Trump great again!
Excellent points. Everyone should read that twice.
Whereas to the people doing this, “everyone should be terrified” is a feature, not a bug. It is mass-intimidation: Do what we say, or else—if we could do this to Trump, imagine what we can do to you! There is a word for intentionally terrifying people as a political tactic; but it is overused and abused, so I won’t mention it.
I think he is certainly capable. It’s not rocket science; and if the President of the United States were incapable of learning Bitcoin, what hope do we have for mass adoption? Anyway, I offered to teach him! Imagine how fast he could learn Bitcoin with lessons from nullius. 😼
You know, in 2013, Michael Saylor also trashed Bitcoin on Twitter:
Ah, but that is the beauty of it! Excepting my suspicion of institutional money (which, in sufficiently large amounts, could be a move to co-opt Bitcoin altogether), I love it when my enemies use Bitcoin. It means that their self-interest compels them to protect my financial freedom—just as I must protect their financial freedom.
This could be Trump’s great revenge on Twit-@jack! Think about it: If Trump runs to Bitcoin, what will the twit-man do? Dump his coins? LOL, no. He will keep promoting Bitcoin—to Trump’s benefit, to my benefit, and to your benefit, too. Meanwhile, Trump will have the satisfaction of using a platform from which neither Twit-@jack nor anyone else can ban him.
Same with Scaramucci—actually, moreso. Scaramucci has bet his business strategy on Bitcoin! He needs Bitcoin. SkyBridge Capital was in some trouble before Scaramucci turned to Bitcoin; now, it has good prospects. He is invested—not only in money: His reputation is now invested in Bitcoin.
If Trump were to become a Bitcoiner, then he could laugh as Twit-@jack and the Mooch rage-tweet about it. Though I guess the latter two are probably not exactly best friends.
Hey, that’s no way to promote freedom! Rather, to the contrary; cr1776 was spot-on here:
And I think that the latest events are strong evidence that Trump isn’t such an “elite” as you imply—or as he probably thought he was.
To my shame, I admit that much as I have sometimes fought the banks IRL, I have never (yet?) had a bank account closed as personal retribution. I am impressed at Trump!
That’s more like it. Yes, if Trump were actually to go for Bitcoin, I would cordially gloat a bit. :-)
True. And I appreciate your consistency of principles. On a broader level, not about the banks, I think you may appreciate the excellent piece by Glenn Greenwald—one of the few people on the left to stand up for free speech in the cases of Trump, and of Parler.
It is a point that can’t be repeated often enough. Whenever the liar-media trot out some smear-story about Bitcoin, remember: Little criminals sometimes try to get away with things using Bitcoin, but corrupt officials and master crimelords have banks “launder” their money for them.
Welcome, indeed. Whereas the great thing about Bitcoin town is, he doesn’t need anyone’s permission!
This is exactly right, I mentioned it to people earlier today, the question i had for them was how could one get the message you have above to him or to people around him.
Anyone who cares about freedom should be concerned that a head of state and billionaire could be cut off by banks, and censored on social media. Hence the need for things like twister, telegram and the like. If he isn't safe, no one is and everyone should be terrified that they'll be on the receiving end of cancel culture if they step out of line.
Anyone who cares about freedom should be concerned that a head of state and billionaire could be cut off by banks, and censored on social media. Hence the need for things like twister, telegram and the like. If he isn't safe, no one is and everyone should be terrified that they'll be on the receiving end of cancel culture if they step out of line.
Excellent points. Everyone should read that twice.
Whereas to the people doing this, “everyone should be terrified” is a feature, not a bug. It is mass-intimidation: Do what we say, or else—if we could do this to Trump, imagine what we can do to you! There is a word for intentionally terrifying people as a political tactic; but it is overused and abused, so I won’t mention it.
And no, Trump won't support Bitcoin because he's simply not capable to understand how Bitcoin works.
I think he is certainly capable. It’s not rocket science; and if the President of the United States were incapable of learning Bitcoin, what hope do we have for mass adoption? Anyway, I offered to teach him! Imagine how fast he could learn Bitcoin with lessons from nullius. 😼
As an uninformed nocoiner, he has spread hate and misinformation of the worst kind about Bitcoin,
Moreover, I believe he's also gone a little too much in his insinuations against Bitcoin that it is not that easy for him to just take a U-turn and suddenly embrace Bitcoin.
You know, in 2013, Michael Saylor also trashed Bitcoin on Twitter:
And he doesn't like Bitcoin because his enemies Jack Dorsey (Twitter) and Anthony Scaramucci (SkyBridge) are very bullish on Bitcoin. => Can't be good according to Trump => Trump says "Bitcoin bad".
Ah, but that is the beauty of it! Excepting my suspicion of institutional money (which, in sufficiently large amounts, could be a move to co-opt Bitcoin altogether), I love it when my enemies use Bitcoin. It means that their self-interest compels them to protect my financial freedom—just as I must protect their financial freedom.
This could be Trump’s great revenge on Twit-@jack! Think about it: If Trump runs to Bitcoin, what will the twit-man do? Dump his coins? LOL, no. He will keep promoting Bitcoin—to Trump’s benefit, to my benefit, and to your benefit, too. Meanwhile, Trump will have the satisfaction of using a platform from which neither Twit-@jack nor anyone else can ban him.
Same with Scaramucci—actually, moreso. Scaramucci has bet his business strategy on Bitcoin! He needs Bitcoin. SkyBridge Capital was in some trouble before Scaramucci turned to Bitcoin; now, it has good prospects. He is invested—not only in money: His reputation is now invested in Bitcoin.
If Trump were to become a Bitcoiner, then he could laugh as Twit-@jack and the Mooch rage-tweet about it. Though I guess the latter two are probably not exactly best friends.
Anyway, the banks have always been tyrants but mostly against those at the bottom. And when they suddenly go against a fellow elite, sometimes it's a nice thing to behold. Somehow, it suggests that there is still a little amount of fairness left in this world.
Hey, that’s no way to promote freedom! Rather, to the contrary; cr1776 was spot-on here:
If he isn't safe, no one is and everyone should be terrified that they'll be on the receiving end of cancel culture if they step out of line.
And I think that the latest events are strong evidence that Trump isn’t such an “elite” as you imply—or as he probably thought he was.
To my shame, I admit that much as I have sometimes fought the banks IRL, I have never (yet?) had a bank account closed as personal retribution. I am impressed at Trump!
It is always a nice feeling to welcome converts, probably because there's a feeling of victory along with it, although I think Trump is stubborn enough to recant his harsh statements against Bitcoin.
That’s more like it. Yes, if Trump were actually to go for Bitcoin, I would cordially gloat a bit. :-)
I hate Trump and personally, it does feel good out of spite to have this abomination go through whatever difficulties anyone can throw at him, even if its banks. Yet, you are absolutely right about the tyranny of banks. It is not just Trump that they can do this to. He is just getting noticed by the mainstream media. They do it to normal helpless people and small businesses ALL THE TIME. THAT in fact, is their actual business.
True. And I appreciate your consistency of principles. On a broader level, not about the banks, I think you may appreciate the excellent piece by Glenn Greenwald—one of the few people on the left to stand up for free speech in the cases of Trump, and of Parler.
Banks all over the world are lapdogs of the rich and powerful. They assist in money laundering and fraud. Every time there is a major scam involving embezzlement of public funds, these banks are inevitably the ones assisting the wrongdoers.
It is a point that can’t be repeated often enough. Whenever the liar-media trot out some smear-story about Bitcoin, remember: Little criminals sometimes try to get away with things using Bitcoin, but corrupt officials and master crimelords have banks “launder” their money for them.
Trump is welcome to the Bitcoin town.
Welcome, indeed. Whereas the great thing about Bitcoin town is, he doesn’t need anyone’s permission!
January 12, 2021, 11:09:23 PM
No matter what your political opinions—whether you love Trump, or hate him—you must be horrified that unaccountable bankers can unilaterally punish a high-ranking political official, according to their own whims. Otherwise, you unavoidably endorse the tyranny of the banks, and you are an enemy of all free people. There is no middle ground.
Banks all over the world are lapdogs of the rich and powerful. They assist in money laundering and fraud. Every time there is a major scam involving embezzlement of public funds, these banks are inevitably the ones assisting the wrongdoers. They should be the last ones trying to do a stage show of "doing the right thing" by kicking on Trump just because the tide has turned against him.
If they are powerful enough to deny service to a sitting (even if only for another week) president, where the fuck were they when Trump was actually supporting conspiracy theories and instigating people?? Ditto for Facebook, Twitter and the others. None of them are doing the "right thing" here. They are just exploiting this opportunity to stay in the good books of masses.
Trump is welcome to the Bitcoin town.
January 12, 2021, 10:32:49 PM
It is always a nice feeling to welcome converts, probably because there's a feeling of victory along with it, although I think Trump is stubborn enough to recant his harsh statements against Bitcoin. Moreover, I believe he's also gone a little too much in his insinuations against Bitcoin that it is not that easy for him to just take a U-turn and suddenly embrace Bitcoin. And I also am not sure how much of a loss to Trump that a couple of banks are not interested to do business with him anymore. Probably not that much.
Anyway, the banks have always been tyrants but mostly against those at the bottom. And when they suddenly go against a fellow elite, sometimes it's a nice thing to behold. Somehow, it suggests that there is still a little amount of fairness left in this world.
Anyway, the banks have always been tyrants but mostly against those at the bottom. And when they suddenly go against a fellow elite, sometimes it's a nice thing to behold. Somehow, it suggests that there is still a little amount of fairness left in this world.
January 12, 2021, 10:16:47 PM
Deutsche Bank has always been a fraud bank, so no surprise it is (was) supporting a fraudster once more. 
And no, Trump won't support Bitcoin because he's simply not capable to understand how Bitcoin works.
As an uninformed nocoiner, he has spread hate and misinformation of the worst kind about Bitcoin, I've never seen so many false claims about Bitcoin used in 140 characters:
- no money
- based on thin air
- highly volatile
- unregulated
- can facilitate unlawful behavior....
As usual for Trump - no proof.
And he doesn't like Bitcoin because his enemies Jack Dorsey (Twitter) and Anthony Scaramucci (SkyBridge) are very bullish on Bitcoin. => Can't be good according to Trump => Trump says "Bitcoin bad".
And no, Trump won't support Bitcoin because he's simply not capable to understand how Bitcoin works.
As an uninformed nocoiner, he has spread hate and misinformation of the worst kind about Bitcoin, I've never seen so many false claims about Bitcoin used in 140 characters:
- no money
- based on thin air
- highly volatile
- unregulated
- can facilitate unlawful behavior....
As usual for Trump - no proof.
And he doesn't like Bitcoin because his enemies Jack Dorsey (Twitter) and Anthony Scaramucci (SkyBridge) are very bullish on Bitcoin. => Can't be good according to Trump => Trump says "Bitcoin bad".
January 12, 2021, 08:13:48 PM
This is exactly right, I mentioned it to people earlier today, the question i had for them was how could one get the message you have above to him or to people around him.
Anyone who cares about freedom should be concerned that a head of state and billionaire could be cut off by banks, and censored on social media. Hence the need for things like twister, telegram and the like. If he isn't safe, no one is and everyone should be terrified that they'll be on the receiving end of cancel culture if they step out of line.
Decentralized, censorship resistant apps are the key to protect everyone from totalitarianism or authoritarianism (socialism, fascism, communism etc) of any form.
Bitcoin being the best example because if the products of your life can be seized at the whim of someone, your life isn't yours.
Anyone who cares about freedom should be concerned that a head of state and billionaire could be cut off by banks, and censored on social media. Hence the need for things like twister, telegram and the like. If he isn't safe, no one is and everyone should be terrified that they'll be on the receiving end of cancel culture if they step out of line.
Decentralized, censorship resistant apps are the key to protect everyone from totalitarianism or authoritarianism (socialism, fascism, communism etc) of any form.
Bitcoin being the best example because if the products of your life can be seized at the whim of someone, your life isn't yours.
January 12, 2021, 07:43:08 PM
reserved
January 12, 2021, 07:42:52 PM
In Politics & Society, I publicly offered to tutor Trump in proper Bitcoin use, and send him some coin to get started. Now, I must ask: What does this mean for Bitcoin?
Bitcoin was made for this: It is the antidote to financial censorship.
Will Trump come to Bitcoin, now that the banks have targeted him for financial destruction by closing both his business accounts and his personal bank accounts? Will millions of his supporters come to Bitcoin? Will this hard lesson on the value of censorship-resistant money have constructive results?
I think that this is potentially the single most important moment for Bitcoin advocacy in the past eleven years. The head of state of one of one of the most powerful countries now finds himself facing exactly the type of tyranny as from which Satoshi designed Bitcoin to free us. If he and his supporters can be brought to Bitcoin, that will be an historic moment for Bitcoin—and for the concept of money itself.
No matter what your political opinions—whether you love Trump, or hate him—you must be horrified that unaccountable bankers can unilaterally punish a high-ranking political official, according to their own whims. Otherwise, you unavoidably endorse the tyranny of the banks, and you are an enemy of all free people. There is no middle ground.
Bitcoin is the most political form of money ever invented—and yet, it is politically neutral. Implicitly in its technical design, Bitcoin has only one ideology: Financial freedom. It absolutely does not discriminate about who can have that freedom. And those who need that freedom would be wise to embrace it immediately!
Trump himself has always been a plutocrat, beholden to the banks, a part of their system—and I have depicted him accordingly. Now that the bankers have summarily unbanked him, he has only one rational choice.
Go, Bitcoin! —President Trump, go to Bitcoin!
Local rules.
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