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Topic: Trump vs. Biden is almost like Bitcoin vs Fiat - page 3. (Read 1004 times)

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
Although the politicians can change their words easily from time to time and Trump was previously against Bitcoin, but with many cases that happens during Biden's presidency, I think people will not choose Biden anymore. Human aren't perfect, so people will choose the least evil one instead the best.

People aren't happy to see Biden proposed to tax mining and tightening the regulations, not to mention about many war that still not end yet. Trump high likely will win, even he can't keep his words, at least people can learn to not vote him in the next election.

Of course they wouldn't choose Biden. Especially with his administration's stance against the crypto/Blockchain industry. Regulations have been much stricter under President Biden than any of his predecessors (mainly Donald Trump). Smart voters know which candidate to choose as the next POTUS. It's likely crypto supporters will side with Trump in Election Day. Even Trump himself has publicly stated his support for crypto in his campaign. RFK Jr. also did the same, but the number of people following him are quite small. We can't expect much from an independent (no political party affiliation) Presidential candidate.

If Trump wins, Bitcoin will emerge victorious. But if he loses, it'll be game over for BTC in America. At least, that's the way I see it. Hopefully, Americans decide what's the best path forward for crypto in the country before it's too late.  Undecided
hero member
Activity: 700
Merit: 577
Things or promises of politicians in the US or any other advance countries are different from the African counterparts. It not those promises of Trump we won't take it serious because our leaders are opposite to their promises.  But in the in the developed countries leaders do what they promised so if Trump promise to support bitcoin then there is no doubt and that means mean Mixers will come back again.

And once US support bitcoin then the price will increase very well again. So we waiting for the good days ahead. The election is holding in the month of 5 November 2024 and after that date we will o ow that next fate of bitcoin.
member
Activity: 182
Merit: 47

That trial was so boring that you'd fall asleep too and Trump said he just closed his eyes a few times and was never asleep. I wouldn't be surprised if the media wanted to make a bigger thing out of this than it really was.


So:

1. There's no evidence that Biden has ever fallen asleep in any sort of meeting, but you are going to believe that anyhow.

2. There's evidence on video of Trump falling asleep in his criminal trial, but you choose not to believe that.

You aren't following the evidence, buddy Smiley. You are following your heart. You can love Trump all you want, but you don't get to choose your own facts Smiley.


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That's complete and utter lie. Do you feel protected by Elizabeth Warren? How is she protecting anything by screaming that bitcoin is bad for the environment, or trying to tax bitcoin miners to force them out of the country? I feel like you're trolling here, trying to get emotional response out of us.


Not everybody here is a hard-core Republican who watches Fox News all day. There exists other viewpoints in the world, believe it or not Smiley.

When I get my wireless bill and it no longer has hidden BS fees, I "feel protected by Elizabeth Warren" because she helped create the laws in Congress that took those things out of there.

And Bitcoin went up 500% in the last three years so there's simply no evidence that all of this evil you allege Warren or whatever Democrats is having any negative effect on Bitcoin. It's clearly thriving, so my guess is that you are simply in favor of Trump and the Republicans winning for reasons not related to Bitcoin--which is totally fine.

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Just take a look at what the FTX scandal did to the price of Bitcoin.

That happened under the nose of the SEC. Gensler was meeting with SBF in person. This shows they don't care about any consumer porotection, but money. They cared that SBF donated money to their campaigns and paid a shitload in taxes.


The authorities in the Biden administration put SBF in prison and rescued the Bitcoin market from almost certain ruin. Again, if you are interested in Bitcoin, and the price of Bitcoin staying stable or going up, then there's no argument to be made against Biden and the Democrats.

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Now imagine what would happen if, instead of being thrown in prison for that, SBF was given the presidential medal of honor because he made a massive contribution to Trump.

Didn't he donate more to the Democrats? If anybody should give him the medal it's Biden.
SBF was caught because he was too greedy and went bankrupt, not because of Biden, Warren or Gensler.

He sure did. But because Democrats are (sadly) unique in their dedication to law and order among our major political parties today, SBF's donations to the Democrats did not help him at all. He was imprisoned regardless. Democrats prioritized law and order.

Only Trump takes donations in exchange for pardoning criminal acts.
legendary
Activity: 2814
Merit: 1192
Put it this way, if there is an overall business context that has done really well for you, and somebody comes along and promises to drastically change that context, the smart move is to resist the change.

1. Biden was doing a lot of things to slow down the growth of Bitcoin. We don't know how it would do if Trump won that last election. Maybe it would do better?

2. Under trump bitcoin was growing too. May I remind you that trump was nominated in January 2017, so during his presidency there was one of the biggest bull markets in history, taking bitcoin to 20x of its last ATH. Have you seen such price appreciation during Biden's presidency? All I've seen was a mere 3.5x in 2021 and 3 years later we're still at that level.


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Trump is the one who fell asleep during his trial a few week ago.
Biden has never done anything of the kind. You are getting your US news mixed up Smiley.

That trial was so boring that you'd fall asleep too and Trump said he just closed his eyes a few times and was never asleep. I wouldn't be surprised if the media wanted to make a bigger thing out of this than it really was.

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And regulations like the ones Elizabeth Warren advocates, to protect average consumers, helps increase the price of Bitcoin.

That's complete and utter lie. Do you feel protected by Elizabeth Warren? How is she protecting anything by screaming that bitcoin is bad for the environment, or trying to tax bitcoin miners to force them out of the country? I feel like you're trolling here, trying to get emotional response out of us.

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Just take a look at what the FTX scandal did to the price of Bitcoin.

That happened under the nose of the SEC. Gensler was meeting with SBF in person. This shows they don't care about any consumer porotection, but money. They cared that SBF donated money to their campaigns and paid a shitload in taxes.

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Now imagine what would happen if, instead of being thrown in prison for that, SBF was given the presidential medal of honor because he made a massive contribution to Trump.

Didn't he donate more to the Democrats? If anybody should give him the medal it's Biden.
SBF was caught because he was too greedy and went bankrupt, not because of Biden, Warren or Gensler.
legendary
Activity: 3472
Merit: 10611
The Reichstag Moment was insane and guess what he is doing now that he has been found guilty on 34 charges.
The US constitution is in serious need of some addendums.
A convicted felon is not allowed to vote in USA but at the same time convicted felons (even from behind bars) can run for presidency and even become president!

In other words, he has once again been intentionally playing rhetorically with the possibility for another riot should he get sent to jail. The way he does it knowing what happened back then shows how reckless he can be when it comes to civil peace.
Well, when they didn't put it behind bars for crimes including incitement of insurrection, of course he is going to do it again.

You know what's the most absurd part of it is? Some of his crimes are categorized as Federal Crimes (like the 32 felony counts in violation of the Espionage Act) and if he manages to win the election he could pardon himself on day one... 🤦‍♂️
full member
Activity: 365
Merit: 101
I think that every pro crypto person should vote for Trump, he at least trying to be a crypto guy
hero member
Activity: 1428
Merit: 538
On the other hand, Trump is a businessman. So he can understand the potential of cryptocurrency. That's why he is talking to the enterprises and company leaders to understand the impact of cryptocurrency from the business perspective.
He is not exactly a businessman, he is more of a showman with a good advertising team who know what the hot topics are and can create good speeches for him to attract the public (or better said the sheeple). The same people who have forgotten that in the final months of his term, Trump was pulling off a Reichstag Moment and it would have succeeded if it weren't for his own Chairman of the Joint Chief of Staff (the highest-ranking and most senior military officer in the United States Armed Forces, general Mark A. Milley).

So does his fake promises regarding crypto really matter when his own cabinet described his actions as the same actions by Hitler and the Nazi regime before solidifying their power?

The Reichstag Moment was insane and guess what he is doing now that he has been found guilty on 34 charges. In one of his most recent interviews he said this:

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“I don’t know that the public would stand it, you know? I don’t — I’m not sure the public would stand for it,” Trump said in an interview on Fox News’s “Fox & Friends Weekend,” when asked about the possibility of house arrest or jail time.

“I think it’d be tough for the public to take. You know, at a certain point, there’s a breaking point,” Trump added.

In other words, he has once again been intentionally playing rhetorically with the possibility for another riot should he get sent to jail. The way he does it knowing what happened back then shows how reckless he can be when it comes to civil peace.
legendary
Activity: 3472
Merit: 10611
On the other hand, Trump is a businessman. So he can understand the potential of cryptocurrency. That's why he is talking to the enterprises and company leaders to understand the impact of cryptocurrency from the business perspective.
He is not exactly a businessman, he is more of a showman with a good advertising team who know what the hot topics are and can create good speeches for him to attract the public (or better said the sheeple). The same people who have forgotten that in the final months of his term, Trump was pulling off a Reichstag Moment and it would have succeeded if it weren't for his own Chairman of the Joint Chief of Staff (the highest-ranking and most senior military officer in the United States Armed Forces, general Mark A. Milley).

So does his fake promises regarding crypto really matter when his own cabinet described his actions as the same actions by Hitler and the Nazi regime before solidifying their power?
member
Activity: 182
Merit: 47
The FTX fiasco was unfortunate for many people who lost their money, but I don't believe state (over)regulation is going to save retail investors.


If they didn't put SBF in prison, then Bitcoin would still be in the toilet that it was in before they cleaned that up.

Surely overregulation can be destructive, but obviously we need some regulation.

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The crypto community invented a new protocol called Proof of Reserves to verify if a CEX holds 1:1 reserves and thus prevent any future Ponzi attempts.


Um, does the "crypto community" have subpoena power? Can they bring charges and convict felons? I don't think so. Criminals like SBF surely wouldn't have been slowed down by any sort of "community". You need real laws to actually change behavior and protect consumers.


sr. member
Activity: 1666
Merit: 310
The FTX fiasco was unfortunate for many people who lost their money, but I don't believe state (over)regulation is going to save retail investors.

The crypto community invented a new protocol called Proof of Reserves to verify if a CEX holds 1:1 reserves and thus prevent any future Ponzi attempts.

The FTX fiasco also gave the opportunity to smart people to go all-in at 15k USD. Maybe the last opportunity to become a wholecoiner for the middle class.

Too bad we'll never see 15k ever again...

Regarding presidents, many Bitcoiners (let alone no-coiners) aren't savvy enough to understand that presidents are Deep State puppets.

Neither Trump, nor Biden is going stop stuff like CBDC (FedNow) and Real ID:

https://x.com/RealPatrickWebb/status/1797404225703477542

If you really think Powell is the true boss of the FED (we can all agree that the US president cannot influence/control FED), then that's not much different compared to believing in Santa Claus! Cheesy
hero member
Activity: 1428
Merit: 538
With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?

I don't know, I think the issue remains that there is a difference between talk and action. Of course Trump is now trying to mobilize all sorts of minority groups to make sure he won't lose the election with a few thousand votes or so, but whether or not he sticks to his word and will become the crypto guy he proclaims now? That's a difficult question as he is quite erratic, too. Once he might get elected as president, nothing will be set in stone by then. I guess he would still be more pro crypto than Biden, but whether he will become as pro crypto as he says remains to be seen then.

The issue is that it is not Biden alone who has an anti-stance and who is talking crap about some of the technological aspects, if he ever gets to it. The SEC is also talking bullshit and has some very strange opinions. I have no idea whether Trump becoming president would also mean that he can immediately replace relevant people at the SEC. I don't know how exactly the election of SEC people works and whether he can revoke decisions from the predecessor administration. But to really give BTC a boost it would need some significant changes at the SEC, too.

But overall I think the last word hasn't been spoken yet. However, Biden is such an old guy that I doubt he would ever fundamentally change his mind about cryptocurrencies. It would rather come down to his advisors.
member
Activity: 182
Merit: 47
Because Bitcoin went up 500% under president Biden.

Hence it was 500% less when Trump left office.
Um, let me remind you: Bitcoin went from $1000 to $36,000 during Trump's presidency. That's 3500% up. If you want to resort to this soundbite, at least make sure it doesn't work in the other way around.

Trump's written platform makes it clear his administration will consider abortion to be "murder", and they outline a massive new police force that will be necessary to eliminate abortions in the USA.
I'm trying to see the connection with Bitcoin here.


There are millions of abortions that occur in the USA every year by millions of women. To stop all of these people from doing what they want, Trump's administration will have to create a massive new police presence. They are already creating this in various states, some of which are actually starting to control their own borders in order to keep women from leaving to have an abortion.

The point is, the US tried something like this before 100 years ago in the Prohibition. That invented a gigantic new police presence, and lead to hundreds of new laws cracking down on people's privacy. Trump's party is going to need to build something even bigger in order to stop all of those people from, well, having sex Smiley.


Uh.... sure. I guess if you get your news from the  Kremlin, that's what you'd think, right?


Alright, then, what's the source of the truth, according to the Democrats you?  Roll Eyes


I'm no Democrat, I just like to vote for the party that will be the best for my investments and business.

But regardless, I sure do not get my news from... the Kremlin. Smiley

I don't mean to imply that Biden was solely or even partially responsible for making Bitcoin go up in price, but he gets credit for not screwing it up

Like most other politicians all around the world? Are we going to thank Angela Merkel for not screwing it up in Germany since 2009?

If Biden wasn't, in your own words, even partially responsible, why are we even using this argument in the discussion?


Well, I guess... indirectly responsible?

Put it this way, if there is an overall business context that has done really well for you, and somebody comes along and promises to drastically change that context, the smart move is to resist the change.


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The way I see it, both Biden and Trump are bad people and would make bad presidents. People like Kennedy Jr would be much better, but that's my personal opinion. If I had to choose between these two I'd pick Trump because at least he's not in bed with that witch Elizabeth Warren and won't fall asleep during meetings.

Trump is the one who fell asleep during his trial a few week ago. Biden has never done anything of the kind. You are getting your US news mixed up Smiley.

And regulations like the ones Elizabeth Warren advocates, to protect average consumers, helps increase the price of Bitcoin.

Just take a look at what the FTX scandal did to the price of Bitcoin. Now imagine what would happen if, instead of being thrown in prison for that, SBF was given the presidential medal of honor because he made a massive contribution to Trump. Every average consumer would know they could be ripped off if they invested in Bitcoin and would bail out. More often than not, regulations help the market, not hurt it.



legendary
Activity: 2814
Merit: 1192
I don't mean to imply that Biden was solely or even partially responsible for making Bitcoin go up in price, but he gets credit for not screwing it up

Like most other politicians all around the world? Are we going to thank Angela Merkel for not screwing it up in Germany since 2009?

If Biden wasn't, in your own words, even partially responsible, why are we even using this argument in the discussion?

The way I see it, both Biden and Trump are bad people and would make bad presidents. People like Kennedy Jr would be much better, but that's my personal opinion. If I had to choose between these two I'd pick Trump because at least he's not in bed with that witch Elizabeth Warren and won't fall asleep during meetings.
legendary
Activity: 994
Merit: 1089
Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?
They are both trying to score cheap points for the forthcoming election, do not take what they say seriously and don't sound like BTC's survival depends on any of them; if you want to trust politicians, you do that at the risk of being disappointed. I would like us to take BTC as far away from politics and politicians as possible, it is decentralized, censorship resistance and free from control from any central authority.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Because Bitcoin went up 500% under president Biden.

Hence it was 500% less when Trump left office.
Um, let me remind you: Bitcoin went from $1000 to $36,000 during Trump's presidency. That's 3500% up. If you want to resort to this soundbite, at least make sure it doesn't work in the other way around.

Trump's written platform makes it clear his administration will consider abortion to be "murder", and they outline a massive new police force that will be necessary to eliminate abortions in the USA.
I'm trying to see the connection with Bitcoin here.

Uh.... sure. I guess if you get your news from the Kremlin, that's what you'd think, right?
Alright, then, what's the source of the truth, according to the Democrats you?  Roll Eyes

That's the article I remember reading: https://www.reuters.com/legal/bankman-fried-used-customer-funds-100-mln-us-political-donations-prosecutors-say-2023-08-14/. I agree that it might be fake news, but where can I verify it?
hero member
Activity: 1652
Merit: 569
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Man there is nothing like Bitcoin vs Fiat as both of them as against Bitcoin and we have seen how Trump was against Bitcoin initially and when he realised he will get some support in the upcoming election by portraying himself as pro Bitcoin he has turned towards Bitcoin. Both are greedy old men who can do anything for power hence let's not get fooled easily.
member
Activity: 182
Merit: 47
I don't mean to imply that Biden was solely or even partially responsible for making Bitcoin go up in price, but he gets credit for not screwing it up
Why isn't Trump getting the credit for "not screwing it up" during his previous presidency?


Because Bitcoin went up 500% under president Biden.

Hence it was 500% less when Trump left office.

And of course all of this was before Trump learned he could break the law and his voters wouldn't care...

If you want one new FTX scandal a month, then vote for Trump Smiley.
FTX was literally a money laundering business for Biden and a contributor to the Ukrainian war.

Uh.... sure. I guess if you get your news from the Kremlin, that's what you'd think, right? Smiley


member
Activity: 77
Merit: 10
I don't mean to imply that Biden was solely or even partially responsible for making Bitcoin go up in price, but he gets credit for not screwing it up
Why isn't Trump getting the credit for "not screwing it up" during his previous presidency?

e.g. making massive changes to our society like the ones Trump is promising that will drastically change the market.
What massively different will it be comparably to his previous presidency? You're giving me the impression that he'll now turn 180º and start attacking the market. What's the argument that supports this claim?

If you want one new FTX scandal a month, then vote for Trump Smiley.
FTX was literally a money laundering business for Biden and a contributor to the Ukrainian war.

His TDS runs very deep. It calls for pity, not concern lol

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
I don't mean to imply that Biden was solely or even partially responsible for making Bitcoin go up in price, but he gets credit for not screwing it up
Why isn't Trump getting the credit for "not screwing it up" during his previous presidency?

e.g. making massive changes to our society like the ones Trump is promising that will drastically change the market.
What massively different will it be comparably to his previous presidency? You're giving me the impression that he'll now turn 180º and start attacking the market. What's the argument that supports this claim?

If you want one new FTX scandal a month, then vote for Trump Smiley.
FTX was literally a money laundering business for Biden and a contributor to the Ukrainian war.
member
Activity: 182
Merit: 47
Bitcoin went up 500% under President Biden.
The safe bet is sticking with the president under which Bitcoin went up 500%.
This is very misleading.  Bitcoin went up by 500 percent under the Presidency of Biden not because of Biden but because this is how Bitcoin simply goes.  You are saying it as if the 500 percent is the work of Biden.


I don't mean to imply that Biden was solely or even partially responsible for making Bitcoin go up in price, but he gets credit for not screwing it up e.g. making massive changes to our society like the ones Trump is promising that will drastically change the market.

On the whole, Biden has left Bitcoin alone, and the few regulations that have been added were designed to prevent more disasters like FTX, which, recall, destroyed the price of Bitcoin.

If you want one new FTX scandal a month, then vote for Trump Smiley.

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In fact.  Choosing a President based strictly on who is supporting Bitcoin as a facade is extremely stupid in my opinion.  You should take into account MUCH more important things than the support for or against Bitcoin.  Your entire life can change within the Term of a President.  Not just the value of your Bitcoin Wallet.

Absolutely agree. But sadly many people vote nothing but their (perception of) their immediate wallet. But in this case, Biden wins that as well.

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