Replying to Avatar Rhydian

Look at the language used by Trump and the memecoin website. Clearly only referring to it as a meme. Repeatedly promoting "community" and "history".

It's clear Trump and his team view it as a product, a piece of merch, a souvenir for fans.

Not a serious financial asset.

But something they can use to raise money and capture attention.

Going hardcore Bitcoin-only would alienate a lot of voters.

Also, seems to me to be a distraction. A decoy for people (foreign and domestic) to get caught up with while moves are made elsewhere.
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Fred Johnston 1y ago

Trump has played around with these types of projects many times.

I think it’s clear he sees shit coins as a novelty item.

I believe and hope that he understands bitcoin well enough to distinguish the two. But to suggest we know that for sure right now would be stupid.

If Trump adds bitcoin as a reserve asset, I think we’ll know our answer. Once that happens, the arms race for bitcoin will be on. Read Jason Lowery‘s book, “Soft War”

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Rhydian 1y ago

Note that in many speeches, Trump refers to "Bitcoin and crypto", suggesting a distinction.

I've read it and have a physical copy

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Fred Johnston 1y ago

I still don't trust Trump. But maybe it's just the skeptic in me.

I sure hope he turns out to be a humanity changing President that could be a Bitcoin standard, I guess we are going to find out!

I also think Trump plays around a LOT with words. He has a way of keeping people off balance in what he truly thinks.

Like war. He says he will unleash hell if hostages are not returned. The next day he's ending all wars. He's excellent at playing mind games - and it absolutely works for him.