Topic: Why president Donald trump is not a fan of bitcoin? - page 5. (Read 1106 times)
Saw the tweets just now. The only thing that I think somehow there's a point is that bitcoin can be used in illegal activities. Second he has a point on facebook becoming banks and they must follow the regulations given by the government since banks are centralized. The reason why I think he is not in favor of this is because the government can't get anything with decentralized coins. And he is not someone who is really interested in cryptocurrencies.
You won't blame the President, he the series of tweets, he defended the US dollar been a very popular and a strong currency of the world. Well he has a responsibility to defend what he was sworn in to defend, even though he may secretly be paying bitcoin. Only the people that allow the government to think for them, with the hope their lives will be better will only take The President expression serious.
Always understand that the government has a responsibility to control your financial freedom. Hence fight to making you a financial slave
Always understand that the government has a responsibility to control your financial freedom. Hence fight to making you a financial slave
That's his personal opinion. But it looks like a manipulation on his part. The President is against, but there are many people who believe in bitcoin and cryptocurrencies. I doubt that because of his tweets people will stop believing in cryptocurrency
He's a businessman aside from being a President so for sure he's relying with how his business partners do understand this industry, but not because he have that impressions it will impacted in the whole maybe there's some portions of businesses that will follow him but there's the majorities of believers to continue following cryptos. Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
Its his personal opinion though and we wont know if its true or just telling negative things but he do actually accumulating some of it beind “If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
No one knows?Basing on the tweet,you can really see his strong points towards crypto which is volatile and it doesnt matter if he doesnt like it yet we know on how big
the community was that supports btc.
That's his personal opinion. But it looks like a manipulation on his part. The President is against, but there are many people who believe in bitcoin and cryptocurrencies. I doubt that because of his tweets people will stop believing in cryptocurrency
bitcoin is not a threat because the price is volatile and need stable like Tether while people not want to trade.but not for libra,its stable like fiat and can use for payment online/offline.
I think because Facebook has developed stable digital money if tether and the like are not a threat but Libra can be a threat to $ Fiat because Facebook collaborates with many projects so that its presence could be a threat to the dollar in the future.
I think because Facebook has developed stable digital money if tether and the like are not a threat but Libra can be a threat to $ Fiat because Facebook collaborates with many projects so that its presence could be a threat to the dollar in the future.
“Giving attention” to crypto period, tells me it’s game on. 
https://bitcointalksearch.org/topic/m.51795453
https://bitcointalksearch.org/topic/m.51795453
The world actually does give a damn. His tweets actually affect the stock market, albeit only on a limited scale:
https://www.businessinsider.sg/trump-marvel-china-tweet-stock-market-2019-5/?r=US&IR=T
It didn't seem to affect Bitcoin whatsoever though, which could be interpreted as something meaningful lol.
That’s hilarious to think how a tweet can have any impact to the stock, I think market will take a while to digest the shocks, coming directly from potus, while indecisive.
i thought the whole point of libra was to avoid being regulated like a bank, since banking regulations are so draconian and financially onerous. aren't they just doing what tether or USDC did except on a permissioned blockchain? that's how they can offer zero-fee P2P payments and cheap merchant fees, because the system (beyond initial seed money) is funded off interest payments on their reserves.
Can’t rule out the possibility that they may want to regulate it, and by legalized it and imposing several unfair treatments in the agreement while compete with conventional banking regulations,
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i think under current laws, they need to follow money transmission law but they aren't regulated as a financial institution. sounds like that may change soon. this is a bit worrisome because they could pass laws that start regulating crypto services like banks---not just libra. that's the implication i get from reading trump's tweet anyway.
I have no doubt they can regulate Libra, by rewriting the code, adding some back door etc, and it is the known issues with centralized currency, but it would be no easy way to regulate bitcoin, as many soft fork hard fork has failed to do so, the only way to control bitcoin is thru 51% attack, which is very difficult to achieve even for potus. May be more regulation to centralized exchanges?
No matter that he is a president he is at first place businessman and in general they don't like Bitcoin and cryptocurrencies. Except digital technologies enterpreneurs.
And even if Trump liked Bitcoin that wouldn't help im in any way, just the opposite.
And even if Trump liked Bitcoin that wouldn't help im in any way, just the opposite.
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
In the series, Donald Trump calls himself not a fan of Bitcoin and other cryptocurrency. He stated that cryptocurrency is not a currency and does not regulate which can facilitate legal renewal.
According to Trump "crypto currency, which is indeed not money, is highly volatile, and is not seen," Trump wrote on his Twitter account.
Trump said, crypto currency assets that cannot be used for various illegal things. Thus the digital currency line needs to be issued by US and global banking regulations if you want to become a "bank". Trump also said, the US only has one official currency called the US dollar. He also boasted that the currency was the most dominating currency in the world and reliable.
He don't like Bitcoin or the crypto currency market with many reasons and that his opinion but the good thing is that he will not be against Crypto that he will not ordered his administration to make Crypto disappear in the US. So life must goes on for crypto users then live and let live.
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
To answer this, we need to look at the position of the companies that Trump owns. Trump is a very serious person in the United States. Therefore, their economic interests will affect their decisions.
He has his own stance on bitcoin and he sees the lack of regulation but he cannot stop the revolution of money and sooner more and more people will recognize bitcoin as money despite the fact that there are high official in every country that will opposed it. They will leave with no option but to regulate it and give the freedom to the people to use what they think will protect them against a corrupt centralized system.
It seems like Facebook's Libra cryptocurrency has ruffled a few feathers. Several Congresspeople immediately took up arms and pushed for a moratorium on the Libra project while they presumably work on hastily passing regulations on cryptocurrency. Now Trump is joining the party.
Sadly for US users and traders, this is a sign that unfavorable legislation is coming down the pipeline.
Sadly for US users and traders, this is a sign that unfavorable legislation is coming down the pipeline.
This is a pretty interesting observation. Since it's obviously no coincidence.
We could also take the fact that Facebook had some scandal issues lately and it made them look at the company a lot more carefully and i imagine that they will be constantly monitoring that they are doing what they said if everything works according to the law.
That definitely made them look towards here. But associating Cryptocurrencies with big issues like privacy violations is not doing any good at all. Some say that there's no such thing as bad advertising, we're going to see that.
Because he is a president of "dollar" and businessman who needs a dollar.crypto is a threat for him.pathetic but fact.
Trump is just playing to an audience who still place faith/trust in the Federal Reserve and the 250 trillion inflated USD.
That trust is withering away fast, right along with trust in the Euro central banks.
The fiat currency bubble is fixing to burst.
That trust is withering away fast, right along with trust in the Euro central banks.
The fiat currency bubble is fixing to burst.
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
I saw that post today and going Viral, but we must more carefull who HOLD bitcoin , this tweet may triggered USA investor to sell they BTC , since yesterday BTC wasnt in a good shape
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
I bet he would be a fan of HST decision token, its electronic voting on the blockchain, he could use this in his upcoming 2020 election. The voting results are instant an cannot be hacked or rigged. This might help with the so called Russian hacking voting/meddling thing Trump keeps going on about.
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
It is not entirely a criticism. It sounds like an official function to me. Could you imagine if a US president, entirely beholden to the huge banks and the businessmen at Wall Street, would pronounce that he admires Bitcoin? That would stir the entire US government and the entire banking community that actually serve as their bosses. This is not strange at all.
On a bright side, it does sound Facebook Libra could be legally exist, they just need to register themselves, which is almost too good to be true.
i thought the whole point of libra was to avoid being regulated like a bank, since banking regulations are so draconian and financially onerous. aren't they just doing what tether or USDC did except on a permissioned blockchain? that's how they can offer zero-fee P2P payments and cheap merchant fees, because the system (beyond initial seed money) is funded off interest payments on their reserves.
i think under current laws, they need to follow money transmission law but they aren't regulated as a financial institution. sounds like that may change soon. this is a bit worrisome because they could pass laws that start regulating crypto services like banks---not just libra. that's the implication i get from reading trump's tweet anyway.
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