Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations

Double post.

AProudLefty said:

I'll go with people writing his tweets like that, not Trump. Nobody can be this dumb.

View attachment 67259778

Click to expand...

They're trying to make the tweets match Trump's level of intelligence, so nobody get's suspicious.

See, I waver on something like Bitcoin. I want gambling to be legal, regressive though the profiteers may be. I like playing a little poker, etc. And besides, despite the assumptions that might be based on my lean, I think people should be allowed to assume a degree of risk (they should also have to pay the price if they are idiots about it).

On the other hand, I'm not so keen on easily manipulated scams. I mean, should I tolerate the Nigerian prince thing in light of freedoms? Or should there be a line somewhere?




The trouble with cryptocurrency is that at X size, they might destabilize the overall financial system/economy were they to destabilize themselves. We aren't there yet. So start now, or start later once they are bigger......and have real lobbying power (ie, as Facebook does)?

Bear in mind, you can't very well tell people only X currency is currency unless you want to tell people they can't trade gold, baseball cards, or old guitars. Mass bartering converts an object into currency (or service, even, if it were to go there). And is not a non-central-bank currency being traded the definition of 'bartering'? Could be cows, cards, or bitcoins.

JustHanging said:

Wrong. He doesn't care about his reputation. It is so poor, it literally couldn't get any worse. What are we going to find out, he's a pedophile? Too late:

Donald Trump boasted about meeting semi-naked teenagers in beauty pageants | The Independent
“He just came strolling right in. There was no second to put a robe on or any sort of clothing or anything. Some girls were topless. Other girls were naked.”
...
Four women who competed in the 1997 Miss Teen USA beauty pageant also said the Republican used to walk in. Some of the girls were as young as 15.


And most of his base obviously doesn't care. If they get pushed enough on the topic, we'll probably be told peeping on naked children is just "locker room" behavior where they come from.

Click to expand...

You're thinking about one's reputation like a logical person would. dOnald tRump isn't a logical person. He's a narcissist through and through. And one of the attributes of narcissists is that they never think about optics of their actions. They never stop and think, "hey, walking in on naked underage girls is a very bad thing."

How narcissists care about their reputation is that if they get called out for walking in on naked underage girls, they throw temper tantrums and attack the person asking the perfectly reasonable question of why they walked in on naked underage girls. In narcissists' minds, they are absolutely never wrong because they have the absolute right to decide what is right.

Phys251 said:

This. tRump only cares about three things: His reputation, his sex life, and his bank account.

Click to expand...

Isn't democracy great?

Juggernaut74 said:

There is no law that says only dollars are allowed to be accepted for retail transactions. A private business is free to accept chickens, Lincoln logs, paper clips, or whatever the heck it wants to accept. I may be wrong, but I believe the only transaction that LEGALLY must be conducted in dollars is the payment of taxes.

Click to expand...

No one is going to the bartering system, which you are trying to equate cryptocurrency as.

It's technically a "commodity" but it is de facto private currency created by individuals.

Chickens and wood come from "God" or "nature". One barters with physical commodities, one does not barter with cryptocurrency, you can't eat it or build a house with it.