Genuinely agreeing with Bailey here.

What changed Trump's mind on Bitcoin likely wasnt that he finally got that it would make him a ton of money (which he has off the back of unsuspecting people investing in his world liberty nonsense).

What changed Trump's mind on Bitcoin was that he understood how he could use stablecoins to leverage unprecedented control over the rest of the world.

Imagine every bank in the developing world replaced with US led fintechs that can be turned on and off with the switch of a button. Every transaction becomes traceable, freezable, executable and deniable on the behest of a country that's entire existence hinges on meddling in other country's politics.

Instead of selling debt to leaders, Dollars get issued directly to the wallets of consumers. It's the IMF on steroids.

For Trump, Bitcoin is indeed a trojan horse, just not the way you think.

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or maybe countries will finally realize BTC is uncontrollable and switch to BTC after stablecoin pains. maybe trojan horses are made in "stables" (pun intended).

👍

Demand for the dollar is high in developing nations, global south. Stable coins allow access to the dollar with an internet connection. No banks needed. Tapping into that demand allows the shenanigans of keynesian economics to continue.

Trump admin may get some of this now…but on the campaign trail Trump saw what Trump does best

The opportunity to blame the other team for something and make them the enemy on crypto, try to get votes, and get a shit ton of campaign money. I think that’s how this pivoted, as simple as that

Trump made them the enemy? Did operation choke point 2.0 not happen?

Trump promised he’d never allow a CBDC, so he’s giving us something much worse.

Damned if does, damned if he doesn’t

🤡

Less nefariously it also creates massive demand for UST to back the stablecoins, demand that is sorely lacking, especially if they want to lower rates. Think it’s fair to assume they would use those levers once in place, but if they abuse them too much, having created an ecosystem of bank-free digital money use via smartphone, they might see people switch to sats.

This also why we need non-asset backed stablecoins

What does that have to do with Bitcoin?

BTC/USD is how the fiat maxis measure bitcoin's value.

Stablecoins increase the denominator.

I suspect that will work for a little while, until people catch onto this game and opt-out of financial colonialism.

That's what I hope anyway.

Until people get wise to the surveillance nonsense and start using #Monero, that is. Stable coins just get people used to the paradigm of wallets on your device, scanning QR codes, addresses, tapping "open in wallet" links on payment screens, storing seeds, etc.

Perhaps this: go.dontlearnbitcoin.org/qr

Sign up to chat hell no

For normies

Agreed.

1. Tether = USD.

2. Stable coins= CBDC.

3. Stable coins keeps the money train going.

4. Stable coins = closed bank accounts.

5. Stable coins = fiat.

No thanks . I'll stick to BTC and monero.

Based

I would say him being debanked also played a big part

Game set.

Aye, but to do it he must clear the way for Bitcoin.

It's in the contrast that we discover what really matters to us.

He grossly underestimates the quiet power of Bitcoin.

đź’šđź«‚

Keep writing ✍️ the good fight 🗡️

Trump is a zionist pedophile.

His goal is to destroy USA so that Israel can become the global power and replace USA.

Trump and the military are behind Bitcoin. They planned to bring down the central banking system and if you bring down the banking system, well you need a replacement. Of course they aren't able to tell anyone because the the central bankers would of worked hard to destroy Bitcoin. They had no clue it was the replacement and thought it was just some random guy who invented Bitcoin.

I suspect it was the NSA who invented Bitcoin.

What, 11D Chess?

Thank you for that ultra high dose of retardation this early on a tuesday.

Damned if he does, damned if he doesn’t

🤡

He's not that smart. The dude doesn't even understand what a trade deficit is. I doubt he's this sophisticated.

His *advisors* surely understand this. But let's not give Trump himself that much credit.

Trump said we could have fun playing with our bitcoins but when we try to have fun playing with our bitcoins by making software that enables us to have fun with our bitcoins we get sent to prison. Make it make sense.

He seems to have meant it in the HFSP sense.

Your understanding of Bitcoin is flawed. I believe you were talking about the characteristics of Crypto.

Bitcoin cannot be stopped. If the gateways are controlled, then, yes, there is a problem. But if you can acquire Bitcoin, then your money is free to be your slave and go where you send it - without restriction.

A lot of unsubstantiated conjecture here. This is unfortunately a nothing burger of a post.

dumb, but thanks for sharing!

Reductive and dismissive, but thanks for sharing. I have a feeling this is a common finding with your “reporting”