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0 sats \ 1 reply \ @ewok 8 Aug 2023 \ on: US presidential candidates 2024 positions on Bitcoin, Bitcoin Mining, CBDCs, ... bitcoin
trump is pro eth and solano, him and his wife have nfts collections on those lmao
looks like you can plod along in low 200s% https://tradingeconomics.com/japan/government-debt-to-gdp
Agree. Along similar lines, I'm also surprised that only 1 million addresses hold 1 or more btc. Blows my mind less than 1 million people would be invested "significantly" by now. Thats like less than 0.3% of the US population has been willing to invest between $200 and $69k to have an entire bitcoin over the last 14 years, depending on when they bought. I'd expect this to be much higher, even if all whole coiners bought the top.
I mean the need for capitalism as an organizing principle of economic activity that is based on the concept of private property and historically unfolds towards excessive distances between haves and have nots.
Ultra low cost energy could really disrupt this economic system if much of people's needs are provided (eg star trek replicator), not to mention societal organization and the perception of needing money in the way we think of it.
as a progressive I see bitcoin as a fast track to near-free energy which could eliminate a pressing need for capitalism in the long run
I don't see any other plausible way there proposed by anyone on the left, could be ignorant, though
exactly. if the bill passes where purchases under $200 are tax free, I'll be using it daily wherever accepted
I don't think bitcoin "either goes to zero or infinity". I think there's a solid middle ground where it behaves a bit like a moderately popular alternative asset for a long, long time, maybe hovering between 80-200k. If it crabwalks for a few decades or more, I think globally our economic/technological systems will evolve somewhat beyond "money" in any way we think of it now (but possibly still in a way that bitcoin might have a purpose).
solid communicator, glad he's around and making the rounds on news segments and podcasts. i send over some of his interviews to people who are interested in bitcoin.
An emboldened SEC can come after bitcoin just the same, on made up bs. They gave cb the green light and reversed course. You could see them start calling btc a security even though they recognize it as a commodity today.
I don't see this changing easily. The younger folks grew up digitally native and take privacy violations as a fact of life. I used to have hope, have conversations with friends and coworkers, and they just literally don't care.
I am hedged because I don't believe humanity has a great record of making the right choice, to be frank
exactly, and the cost of non-traditional use cases should reduce the number of outright scams on bitcoin
A bitcoin president would still have to battle the majority of congress, public sentiment, banks and media etc. But at a minimum, this gives a chance we hear "bitcoin" in a debate down the line, which is nice.