Subnostr

Two thoughts on Trumps crypto games:

1. He has decades of history branding his name on easy to market products, the memecoins are no different. So business as usual I’d say.

2. A - government and monetary policy are going through there own little ICO phase, history proves it all leads back to Bitcoin.

B - every other shitcoin being valued by the government has zero impact on either inflation worsening or Bitcoin in general. If printing infinite money and increasing debt is a problem, I can easily see why pro-crypto-Trump-world wants these other coins. The creation of more crypto does not negatively effect the US. The continued creation and hence devaluation of the Dollar does. Trump made a joke about writing a crypto check to cover national debt, if the US legitimizes crypto and uses that as a path to cover debt, that only helps bitcoinization.

Am I crazy??

https://fountain.fm/episode/E0O7M2tiaJec0DIvzX3P

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BITwise 🐳 >>= RIGHTish 1y ago

Not crazy.

1 comes at no surprise and he made no attempts to hide it.

2 is interesting when you say government and monetary policy is going through it's own ico phase. Kind of seems like it. Following that analogy though, they are the ico founders not the ico buyers. While most shitcoiners in that era lost their shirts on icos and eventually some came around to bitcoin, the ico creators almost all made it out mega rich and are either in jail or still perpetuating the shitcoin casino to the masses.

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Discussion

Cole McCormick 1y ago

I would say they don’t need to be ICO buyers. I think they are legitimizing whatever crypto they think helps them and will sell to other countries who will buy the narrative USA is crypto capital of earth and can use these cryptos along with whatever other assets US Gov sells. Wall Street is already a buy and sell sham casino. My crazy idea is Trump is manipulating shitcoins to balance the dollar.