colemccormick1 on Nostr: Two thoughts on Trumps crypto games: 1. He has decades of history branding his name ...
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
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
quoting nevent1q…nn8x